India Auto Industry Growth
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EV Makers Body Writes to NGT for Green Tax on Fuel-Based 2-Wheelers
Society of Manufacturers of Electric Vehicles on Tuesday said it has petitioned the National Green Tribunal (NGT) expressing concerns against the government's move to cut FAME II subsidy and support a 'Green Tax' on fuel-based two-wheelers. The Ministry of Heavy Industries' latest decision to cut down FAME II subsidies is likely to disrupt India's ...
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Audi India's Used Car Sales Grow 73 Per Cent In First Nine Months Of 2022
Audi India announced that its used car sales under Audi Approved: Plus, registered a growth of 73 per cent in the first nine months of 2022.
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Maruti Suzuki India Q1 FY 2023 Results: Net Profit Grows By 79 Per Cent
During the quarter, Maruti Suzuki registered net sales of Rs. 25,286.3 crore as against Rs. 16,798.7 crore, clocking a growth of 40 per cent.
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Auto Sales June 2022: Passenger Vehicle Sales Records Growth Of 19.06 Per Cent
Overall, the auto industry recorded a growth of 23.79 per cent at 16,11,300 units as compared to 13,01,602 units sold in the same month last year.
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Mercedes-Benz India Continues As India's Bestselling Luxury Carmaker In H1 2022
Mercedes-Benz India has recorded a year-on-year (YoY) growth of 56 per cent when compared to the corresponding period a year ago.
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Used Luxury Car Sales Seeing Growth As Buyers Looking For Upgrades
Buyers in the used car market are looking to upgrade to premium and luxury models, especially in the Rs. 25 lakh to Rs. 30 lakh bracket.
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Stellantis Sees India As Profitable Auto Market Amid Challenges In China, Russia
Stellantis chief Carlos Tavares expects India to be a profitable market and a bigger growth opportunity than the carmaker previously expected as it faces challenges in countries such as China and Russia.
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Triumph Motorcycles Aims At Sales Of 1,500 Units, 25% Premium Segment Market Share In 12 Months
Triumph Motorcycles India has reported a 30 per cent growth in the last 12 months with sales of over 1,200 units.
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Passenger Vehicles to Account For Only 5% of EV Sales By 2030: Study
Study by Arthur D Little finds that India's EV growth to be primarily lead by two-wheeler segments.
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The Rising Popularity Of 2-Wheeler EVs In India
Two-wheeler has always dominated the automobile demand in India. However, electric two-wheelers have bought a fresh surge in demand for bikes and scooters. This article sheds light on the unstoppable growth of 2-wheeler EVs in India.
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Auto Sales May 2022: MG Motor India Registers Sale Of 4,008 Units
MG Motor India registered retail sales of 4,008 units in May 2022, which is a growth of 294.5 per cent compared to May 2021 and 99.6 per cent compared to April 2022.
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India Asks GAIL To Import LNG To Meet Rising City Gas Demand
India has mandated state-run GAIL (India) Ltd to import gas and buy from local difficult fields to meet growing demand growth from household and transport sectors as cheaper supplies.
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Stellantis Sees India As Profitable Auto Market Amid Challenges In China, Russia
Stellantis chief Carlos Tavares expects India to be a profitable market and a bigger growth opportunity than the carmaker previously expected as it faces challenges in countries such as China and Russia.
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EV Sales April 2022: WardWizard Reports Sale Of 4,087 Electric Two-Wheelers
In April 2022, WardWizard, manufacturer of Joy e-bike electric two-wheelers, sold 4,087 units in India, witnessing a more than 8-fold growth of 766 per cent compared to the 472 electric two-wheelers sold in April 2021.
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Auto Sales April 2022: Mahindra's Farm Equipment Sector Sees 51% YoY Growth In Domestic Sales
In April 2022, Mahindra's Farm Equipment Sector sold 39,405 in India, a growth of 51 per cent compared to the 26,130 units sold in April 2021. The company also exported 1,534 tractors from India witnessing a growth of 10 per cent against last year.
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EV Makers Body Writes to NGT for Green Tax on Fuel-Based 2-Wheelers
Society of Manufacturers of Electric Vehicles on Tuesday said it has petitioned the National Green Tribunal (NGT) expressing concerns against the government's move to cut FAME II subsidy and support a 'Green Tax' on fuel-based two-wheelers. The Ministry of Heavy Industries' latest decision to cut down FAME II subsidies is likely to disrupt India's ...
-
Audi India's Used Car Sales Grow 73 Per Cent In First Nine Months Of 2022
Audi India announced that its used car sales under Audi Approved: Plus, registered a growth of 73 per cent in the first nine months of 2022.
-
Maruti Suzuki India Q1 FY 2023 Results: Net Profit Grows By 79 Per Cent
During the quarter, Maruti Suzuki registered net sales of Rs. 25,286.3 crore as against Rs. 16,798.7 crore, clocking a growth of 40 per cent.
-
Auto Sales June 2022: Passenger Vehicle Sales Records Growth Of 19.06 Per Cent
Overall, the auto industry recorded a growth of 23.79 per cent at 16,11,300 units as compared to 13,01,602 units sold in the same month last year.
-
Mercedes-Benz India Continues As India's Bestselling Luxury Carmaker In H1 2022
Mercedes-Benz India has recorded a year-on-year (YoY) growth of 56 per cent when compared to the corresponding period a year ago.
-
Used Luxury Car Sales Seeing Growth As Buyers Looking For Upgrades
Buyers in the used car market are looking to upgrade to premium and luxury models, especially in the Rs. 25 lakh to Rs. 30 lakh bracket.
-
Stellantis Sees India As Profitable Auto Market Amid Challenges In China, Russia
Stellantis chief Carlos Tavares expects India to be a profitable market and a bigger growth opportunity than the carmaker previously expected as it faces challenges in countries such as China and Russia.
-
Triumph Motorcycles Aims At Sales Of 1,500 Units, 25% Premium Segment Market Share In 12 Months
Triumph Motorcycles India has reported a 30 per cent growth in the last 12 months with sales of over 1,200 units.
-
Passenger Vehicles to Account For Only 5% of EV Sales By 2030: Study
Study by Arthur D Little finds that India's EV growth to be primarily lead by two-wheeler segments.
-
The Rising Popularity Of 2-Wheeler EVs In India
Two-wheeler has always dominated the automobile demand in India. However, electric two-wheelers have bought a fresh surge in demand for bikes and scooters. This article sheds light on the unstoppable growth of 2-wheeler EVs in India.
-
Auto Sales May 2022: MG Motor India Registers Sale Of 4,008 Units
MG Motor India registered retail sales of 4,008 units in May 2022, which is a growth of 294.5 per cent compared to May 2021 and 99.6 per cent compared to April 2022.
-
India Asks GAIL To Import LNG To Meet Rising City Gas Demand
India has mandated state-run GAIL (India) Ltd to import gas and buy from local difficult fields to meet growing demand growth from household and transport sectors as cheaper supplies.
-
Stellantis Sees India As Profitable Auto Market Amid Challenges In China, Russia
Stellantis chief Carlos Tavares expects India to be a profitable market and a bigger growth opportunity than the carmaker previously expected as it faces challenges in countries such as China and Russia.
-
EV Sales April 2022: WardWizard Reports Sale Of 4,087 Electric Two-Wheelers
In April 2022, WardWizard, manufacturer of Joy e-bike electric two-wheelers, sold 4,087 units in India, witnessing a more than 8-fold growth of 766 per cent compared to the 472 electric two-wheelers sold in April 2021.
-
Auto Sales April 2022: Mahindra's Farm Equipment Sector Sees 51% YoY Growth In Domestic Sales
In April 2022, Mahindra's Farm Equipment Sector sold 39,405 in India, a growth of 51 per cent compared to the 26,130 units sold in April 2021. The company also exported 1,534 tractors from India witnessing a growth of 10 per cent against last year.
