AUTOMOBILES
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.
BSA Makes Indian Debut with Gold Star 650, Priced at Rs 2.99 Lakh
BSA is among the oldest producing companies in the world. It was formed as a Birmingham Small Arms Company. In 2016, it was acquired by Classic Legends, Mahindra Group's premium motorcycle division. Classic Legends has already reached Indian roads with its Jawa and Yezdi motorcycles.
Ola Electric Debuts E-Motorcycles, Plans In-House Battery Cell Integration by Early FY26
Bhavish Aggarwal, founder and chairman, Ola Electric, said today about two-thirds of India's two-wheeler market comprises motorcycles, and now, with the entry of Ola in this segment, the adoption for electric vehicles in this category will go up the curve.
India's Auto Sales Surge to Over 24.3 Lakh Units in July, Two-Wheelers See 12.4% Growth
The sales figures for the month stood at 341510 for passenger vehicles, 59,073 three-wheelers, and 1,441,694 two-wheelers. The two-wheeler sector notched a robust growth rate of 12.5 percent as compared with the same month of the previous year.
Maruti Suzuki Expands Global Reach: Fronx SUV Now Exported to Japan
For the first time ever, Maruti Suzuki has entered Japanese shores with an SUV. Successor to the export of Baleno in 2016 comes Fronx as the second model from stables of India's biggest automobile maker by four-wheeler sales in Japan. Maruti Suzuki manufactures the Fronx at its Gujarat-based plant.
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