Passenger Vehicle Sales Rise 26.7% In 2022-23 As Chip Shortages Ease
Reuters | Thursday April 13, 2023, New DelhiIndia's passenger vehicles sales grew 26.7% in the fiscal year 2022-23, as chip shortages eased and demand for sport utility vehicles (SUVs) surged, an auto industry body said today.
Hero MotoCorp To Hike Prices Of Motorcycles, Scooters From April 1
Press Trust of India | Wednesday March 22, 2023, New DelhiHero MotoCorp on Wednesday said it will increase prices of its model range by around 2 per cent from next month in order to offset the impact of rise in production cost in order to conform to stricter emission norms.
Mahindra In Talks To Raise Up To $1.3 Billion For EV Unit: Report
Reuters | Wednesday March 22, 2023, BengaluruAutomaker Mahindra and Mahindra Ltd is in advanced talks with global investors to raise between $1 billion and 1.3 billion to accelerate the expansion of its electric vehicle unit, Mint reported on Wednesday.
Lamborghini Eyes Tier I, Tier II Cities For Growth In India
Press Trust of India | Sunday March 12, 2023, New DelhiHaving established a presence across top cities in India, Italian automaker Automobili Lamborghini is now eyeing customers in smaller centres to generate additional volumes, according to a top company official.
February Bike Sales Rise On Wedding Season Demand, Easing Chip Shortages
Reuters | Thursday March 02, 2023, BengaluruDomestic two-wheeler sales, which is indicative of the financial health of India's rural economy and demand in the country's largest consumption segment loosely defined as lower middle-income households, grew in double digits from a year earlier.
Ola Plans To Build World's Largest Electric Vehicle Hub In Tamil Nadu
Ragini Saxena, Bloomberg | Monday February 20, 2023India's Ola Electric Mobility Pvt. plans to build what it says will be the world's largest electric vehicle hub with an investment of 76.1 billion rupees ($920 million) to localize the supply chain for cleaner transport.
Renault, Nissan Boards Approve Overhaul Of Alliance
Agence France-Presse | Monday February 06, 2023, LondonRenault and Nissan said in a statement that they "rebalanced" their relationship, with Renault reducing its stake from 43.4 percent to 15 percent, the same size as Nissan's share of its French counterpart.
Budget 2023: Centre Simplifies Tax Benefits For Cooperatives, Startups, MSMEs
Asian News International | Wednesday February 01, 2023, New DelhiBudget 2023: The government on Wednesday simplified various tax benefits on MSMEs, cooperatives, startups and boards, authorities and commissions.
Income Tax Rates Should Increase Consumption: Automobile Industry Praises Union Budget 2023
Press Trust of India | Wednesday February 01, 2023, New DelhiAutomotive Component Manufacturers Association President Sunjay J Kapur said the budget is a blueprint of a digitally enabled Aatmanirbhar Bharat, coupled with measures that will drive sustainable yet inclusive growth at a rapid pace.
Here's What Lies Ahead For Maruti Suzuki In 2023
Equitymaster | Monday January 30, 2023Is Maruti on the right track by taking the hybrid approach and going slow in electric vehicle segment?
Tata Motors's Stock Jumps Over 8% After Earnings Declaration
Press Trust of India | Friday January 27, 2023, New DelhiTata Motors on Wednesday reported a consolidated net profit of Rs 3,043 crore in the December quarter, its first profit in two years, on account of robust sales.
Bajaj Auto Shares Up Over 7% As Q3 Profits Beat Expectations
Reuters | Friday January 27, 2023, BengaluruBajaj Auto was the top gainer in the Nifty 50 index, which is down 1.1%.
Sacked General Motors Workers In India Sue The Company And CEO
Reuters | Thursday January 19, 2023, New DelhiA union in India has sued General Motors' local unit and its global CEO for failing to pay court-ordered compensation to sacked factory workers, deepening the U.S. automaker's struggles to exit the country years after it shuttered local operations.
Maruti Suzuki Recalls These Popular Car Models Over Airbag Issues
Reuters | Wednesday January 18, 2023, BengaluruIndia's top carmaker Maruti Suzuki on Wednesday said it was recalling 17,362 vehicles to inspect and replace affected parts of the airbag controller.
Tesla Cuts Prices In China, Other Asian Markets Amid Weaker Demand
Reuters | Friday January 06, 2023, ShanghaiTesla cut prices in China for the second time in less than three months on Friday, fuelling forecasts of a wider price war amid weaker demand in the world's largest autos market.
