AUTOMOBILES
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.
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.
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