Developed as an 'Urban Freestyler', the Honda Elevate will be powered by a 1.5L i-VTEC DOHC petrol engine
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
The launch aims to showcase Tresa Motors' commitment to transitioning India into a global force commercial vehicle industry
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
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
The sale of its electric scooter, TVS iQube Electric, recorded a 209 per cent jump
On a year-to-date (YTD) basis, however, the company reported a 10% rise in sales
The EV industry seems to be geared up for the change
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
"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
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
The automaker sold 7,834 units in the domestic market in June 2022
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
Hero MotoCorp further said it will continue with innovative financing programmes to minimise the impact on the customers
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
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
The industry has sought 5 per cent GST on flex-fuel two-wheelers and a price guarantee on fuel for flex-fuel vehicles
This is because of the prevailing regulations in Australia that mandate all new cars to have Autonomous Emergency Braking (AEB) which is a feature counted as ADAS
The company, which has set a target to attain net zero emission by 2040, said it is "spearheading this mission with the support of our Gen 3 EV architecture strategy"
Crash rating of zero is the least preferred with only 6.8 per cent score, as per the survey