AUTOMOBILES
India's Passenger Vehicle Sales Rise 4% to 3.5 Lakh Units in November
If we look at the January-November period, PV sales stood at 39,80,000 units, 4.1 per cent higher than 38,21,000 units sold in the same 11-month period in 2023.
If India can make rocket sensors, it can also make car sensors: ISRO chief Somanath
Speaking at a session on space technology and defence during the Bengaluru Tech Summit, which saw the unveiling of the Draft Karnataka Space Tech Policy, the ISRO Chairman said cost-effective production can ensure affordability.
India's Auto Parts Industry Set to Exceed $80 Billion in Revenue by 2024-25
One of the key trends here is the doubling of the contribution of the EV components industry to 6% of total production in FY2024. Battery technology and powertrain systems are turning out to be some of the most critical areas, amounting to 45% of EV manufacturing costs.
India's 2-Wheeler Retail Sales Expected to Grow 11-14% in FY25
Credit rating agency ICRA has revised the outlook for wholesale volume growth for the two-wheeler sector at 11-14 per cent in FY25, driven by sustained replacement demand and a picking up in rural demand with the onset of a healthy monsoon precipitation.
India's Two-Wheeler Sales Hit Record High of 21.64 Lakh Units in October
The passenger vehicles too have seen a high sales growth of 12.8 per cent in reaching the ever-reached monthly figure of 3.93 lakh units in October, on top of a base figure of 3.9 lakh units for October last year.
Vehicle Sales Surge by 32% Driven by Festive Discounts and Rising Rural Incomes
The rural market has been driving most of the robust growth in October this year, according to FADA. The two-wheeler and passenger vehicle sales bounced further supported by elevated MSP for rabi crops, FADA said.
Hyundai Overtakes Volkswagen to Become the World's 2nd-Largest Automaker
Car industry data showed Hyundai Motor Group sales were reported at 69.4 trillion won ($49.6 billion) and an operating profit of 6.5 trillion won in the third quarter.
India Emerges as Key Growth Market for Škoda, Says CEO Klaus Zellmer
During the global launch of its first sub-four meter SUV, the Kylaq, Skoda Auto CEO Klaus Zellmer noted that India has immense growth potential as it is the world's third-largest car market and a new model introduction will support Skoda's objective of selling 10,000 units annually in India by 2026.
Maruti Suzuki's Passenger Car Production Drops 16% in October, Utility Vehicles Surge by 33%
Its passenger car production was 89,174 units in October this year compared to 1,06,190 units in October 2023, which registered a decline of 16 percent, Maruti Suzuki India said in the filing.
Maruti Suzuki India Hits Record Exports in October, While Tata Motors' Sales Remain Steady
Maruti Suzuki India witnessed a 5 per cent YoY decline in passenger vehicle sales with 159,591 units sold in the domestic market last month compared to 168,047 units in October 2023.
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