Page 114 - Auto
Audi sales nearly double in H1 of CY2023 on surge in premium car demand
Pre-owned business grows 53% YoY; company starts initiative for EV owners that gves them acccess to multiple electric partners on a single app
 "Audi sales nearly double in H1 of CY2023 on surge in premium car demand")
Harley Davidson X440 launch today: Price, specifications, what to expect
The make-in-India focus and effective use of local materials is expected to bring costs down for the Harley, enabling it to offer X440 at a competitive price
 "Harley Davidson X440 launch today: Price, specifications, what to expect")
M&M tractor logs 6% growth in total sales at 44,478 units in June
Domestic tractor sales were at 43,364 units last month, as against 39,825 units in the year-ago period, a growth of 9 per cent, it added
 "M&M tractor logs 6% growth in total sales at 44,478 units in June")
PVs make up just 16% of the Indian auto sector in volume, but 58% in value
India saw passenger vehicle sales worth $63 billion in the financial year 2022-23
 "PVs make up just 16% of the Indian auto sector in volume, but 58% in value")
Honda Elevate open for pre-launch bookings in India: Know features, specs
Developed as an 'Urban Freestyler', the Honda Elevate will be powered by a 1.5L i-VTEC DOHC petrol engine
 "Honda Elevate open for pre-launch bookings in India: Know features, specs")
India's June passenger vehicle sales climb on account of new launches
Auto sales numbers are keenly watched as they are a key indicator for assessing private consumption, which has more than 50% weightage in calculating the country's economic growth
 "India's June passenger vehicle sales climb on account of new launches")
Tresa Motors unveils first electric truck Model V0.1 for global market
The launch aims to showcase Tresa Motors' commitment to transitioning India into a global force commercial vehicle industry
 "Tresa Motors unveils first electric truck Model V0.1 for global market")
Tata Motors to hike prices of PVs from July 17 to offset input costs
The auto major noted that it will offer price protection to bookings made up to July 16, 2023 and deliveries up to July 31, 2023
 "Tata Motors to hike prices of PVs from July 17 to offset input costs")
Ashok Leyland June total sales up 5% at 15,221 units, CV sales jump 10%
Domestic medium and heavy commercial vehicle sales were at 9,274 units as compared to 8,399 units in June last year, a growth of 10 per cent, it added
 "Ashok Leyland June total sales up 5% at 15,221 units, CV sales jump 10%")
TVS Motor Company reports 3% jump in its total vehicle sales in June
The sale of its electric scooter, TVS iQube Electric, recorded a 209 per cent jump
 "TVS Motor Company reports 3% jump in its total vehicle sales in June")
Bajaj Auto reports 2% decline in total June sales to 340,981 units
On a year-to-date (YTD) basis, however, the company reported a 10% rise in sales
 "Bajaj Auto reports 2% decline in total June sales to 340,981 units")
Electric vehicle makers in talks with Centre on battery decoupling policy
The EV industry seems to be geared up for the change
 "Electric vehicle makers in talks with Centre on battery decoupling policy")
Domestic automakers accelerate employment of women in shop floors
Tata Motors has over 4,500 women working in the shop floors across six manufacturing plants, including an all-women line at its Pune facility with over 1,500 of them producing popular SUVs
 "Domestic automakers accelerate employment of women in shop floors")
Tata Motors posts 1% rise in total domestic sales at 80,383 units in June
"Tata Motors continued its growth trajectory registering quarterly sales of 1,40,450 units in Q1 FY24 and recording a growth of 8 per cent over Q1 FY23," the MD added
 "Tata Motors posts 1% rise in total domestic sales at 80,383 units in June")
Domestic PV sales see lukewarm growth of 1.9% due to strong base effect
Noting that the semiconductor chip supply was not up to the mark in the first quarter of 2023-24, Maruti Suzuki's official said that its availability is expected to be better in the second quarter
 "Domestic PV sales see lukewarm growth of 1.9% due to strong base effect")
Honda Cars' domestic wholesales declines by 35% to 5,080 units in June
The automaker sold 7,834 units in the domestic market in June 2022
 "Honda Cars' domestic wholesales declines by 35% to 5,080 units in June")
Royal Enfield total sales increases by 26% to 77,109 units in June
Domestic sales rose 34 per cent to 67,495 units compared to 50,265 units in the year-ago period, the bike maker said in a statement
 "Royal Enfield total sales increases by 26% to 77,109 units in June")
Hero MotoCorp to hike two-wheeler prices by around 1.5% from next month
Hero MotoCorp further said it will continue with innovative financing programmes to minimise the impact on the customers
 "Hero MotoCorp to hike two-wheeler prices by around 1.5% from next month")
Commuter bike market in cruise mode; uncertainties may put brakes on growth
Hero MotoCorp is expecting "balanced" growth between the rural and urban sector this year due to better kharif season, rising penetration of retail finance options, and strong festive period sales
 "Commuter bike market in cruise mode; uncertainties may put brakes on growth")
10% of country's fuel pumps now offer EV charging facilities, IOCL leads
5,600 IOCL pumps offer EV charging facilities which come at about 15 per cent of its total 36,400 fuel pumps across the country
 "10% of country's fuel pumps now offer EV charging facilities, IOCL leads")