AUTOMOBILES
Mahindra Auto Achieves Record-High SUV Sales in October, Overall Growth Rises by 20%
In the utility vehicles (SUV) segment, the automaker sold 54,504 vehicles in the domestic market, a growth of 25 per cent and overall, 55,571 vehicles, including exports.
Royal Enfield Reports 31% Increase in October Bike Sales, Reaching 110,574 Units
It stood at 84,435 units in the year-ago period, according to a filing.
Hyundai Motor Reveals First Look at Upcoming Ioniq 9 Electric SUV
The teaser of the three-row electric SUV shows a broad overview and elongated wheelbase of the model. Hyundai Motor stated that it drew design inspiration for the Ioniq 9 from the streamlined boat exteriors and interiors that are quite cozy, Yonhap news agency reports.
Tata and JSW Groups to Invest Over $30 Billion in EV Sector Amid Government Push, Report
"We estimate the Tata and JSW groups alone will invest over $30 billion in the coming decade to make EVs and EV materials, of which approximately $10 billion will be in South and Southeast Asia," the report by S&P Global (NYSE: SPGI) Ratings said.
India Overtakes China to Become the World's Largest Two-Wheeler Market
While India, Europe, North America, Latin America, and the Middle East and Africa registered growth, China and Southeast Asia declined.
CCPA Issues Show-Cause Notice to Ola Electric Amid Rising Consumer Complaints
It would seem like Ola Electric would be violating a few provisions under the Consumer Protection Act, 2019," the showcase notice continued to enumerate, referencing complaints from consumers regarding manufacturing defects, partial or no refunds in booking cancellations, defects recurring after servicing, overcharging and wrong invoices, and multiple issues with the battery and vehicle components.
Indian Two-Wheeler Industry Records 22% Growth in September Fueled by Rising Rural Consumption
However, tractor sales have shown consistent YoY growth and, given a supportive base in the second half, "we see an upside risk to our FY25 mid-single-digit volume growth expectations," the report added.
Ola Electric Reports 17% Decline in E-Scooter Sales for September as Stock Falls Below Rs 100
According to data made public by the government for VAHAN, Ola Electric sold 22,950 e-scooters in September (till about 5 p.m. on September 30), and its vehicle registration graph has been consistently falling since the month of March when it sold 53,638 electric two-wheelers.
Cost of EVs to match petrol, diesel vehicles in about 2 years, Says Nitin Gadkari
Addressing an event organised by the Automotive Component Manufacturers Association of India (ACMA), the Minister also urged automobile companies to contribute to road safety initiatives, with emphasis that road safety remains a big priority for the ministry. "Ten years ago, when I was pushing for electric vehicles, automobile giants in India didn't take me seriously. Now, they tell me they may have missed the bus," Gadkari told the gathering.
Ola Electric’s Market Share Falls to 31% in August, Continues to Decline
These retail sales of the company are the lowest in the calendar year to date, down 34 per cent from 41,711 units it sold in July. In all, 88,451 electric two-wheelers were registered in August 2024, against 62,767 units in the year-ago period — a growth of 41% year-on-year, VAHAN data showed. But sequentially, the industry has shrunk 41.5 per cent.
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