Page 49 - Auto

In Norway, nine out of ten new cars sold in 2024 were fully electric

Fully electric vehicles accounted for 88.9% of new cars sold in 2024, up from 82.4% in 2023, data from the Norwegian Road Federation (OFV) showed

Chinese EV makers extend buying incentives as price war enters 3rd year

Li Auto announced on Thursday cash subsidies of 15,000 yuan ($2,055) per car purchase as well as a three-year zero-interest financing scheme

Govt clears PLI incentive of Rs 246 cr sought by M&M, Tata Motors

According to sources, Tata Motors submitted an incentive claim of approximately Rs 142.13 crore based on determined sales in FY 2023-24

Auto sales shake off pandemic blues, hit record high of 26.1 mn units

Shailesh Chandra, managing director of Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility, said the industry remains "optimistic" about PV growth in the new calendar year

Domestic PV wholesales increase by 11% in December to 320,000 units

In the calendar year 2024 (CY24), domestic PV wholesales of the industry stood at 4.3 million units, recording a Y-o-Y growth of about 4.7 per cent

Maharashtra sees 12.32% rise in new vehicle registrations in 2024

Overall, 2.879 million vehicles were registered, including 2.050 million two-wheelers and around 450,000 cars, a 12.32 per cent jump from 2.563 million vehicles registered in 2023

Automakers' stocks drive share market higher in first session of 2025

Shares of Maruti Suzuki, which sells most cars in India, climbed 3.2 per cent after the company said sales to dealers rose about 30 per cent in December

Electric two wheelers, premium bikes set to dominate market in 2025

Honda is expecting to kick off January 2025 with the highly anticipated launch of Activa e: and QC1 electric scooters

India's car colour preference: White dominates, but black, blue intrigue

Data from Jato Dynamics highlights a shift in Indian car colour preferences, with bold and vibrant shades gradually gaining ground, though white continues to dominate for now

EV sales in India up 27% in 2024, miss 2 million mark by a whisker

In 2024, an average of 12.43 petrol, diesel, CNG, or hybrid vehicles were sold for every EV- an improvement from 15.67 in 2023 and 21.05 in 2022

Driving sustainability: Ride-hailing firms accelerate EV growth plans

As BluSmart strengthens its presence, other platforms in the ride-hailing and electric mobility segment are also putting their expansion plans in fast lane

Why is Tata Motors thirsting for competition despite losing EV market share

Chandra says when the market expands, one benefits from a wider portfolio, but when the market is not growing, products start cannibalising among themselves

Tata Motors' new EVs promise over 500 km range on a single charge

This has been made possible by declining global costs of battery cells for EVs

Luxury on wheels: Over 6 high-end cars sold every hour in India in 2024

India's luxury car market sees rapid growth, with over 50,000 units expected to be sold in 2025, supported by rising wealth, new model launches, and a thriving affluent class

Can the Honda-Nissan merger transform India's automotive landscape?

Mitsubishi, in which Nissan is the largest shareholder, is also part of the merger talks but will decide by the end of January

EV funding in India drops 37% from 2022 to 2024 amid policy, sales slowdown

The PM-E drive, scheme launched in October, excludes subsidies for electric four-wheelers and hybrid vehicles, significantly impacting equipment manufacturers

Women in auto sector grapple with low wages, surging finger injuries

It reveals a worrying surge in crush injuries among women, with cases increasing from 19 in 2019 to 321 in 2024

Just 12 OEMs achieve 50% domestic value addition target in PLI-Auto

The champion OEMs include Tata Motors, Mahindra & Mahindra, Ola Electric Technologies, Eicher Motors, TVS Motor Company, and Bajaj Auto

Auto parts traders in Delhi boycott biz with B'desh amid ongoing tensions

The move follows reports of violence against 'Hindus' and 'attacks' on temples in Bangladesh

CRISIL analysis: Automobile sector faces mixed fortunes amid rural revival

Rural demand had been subdued in the past few financial years owing to low farm profitability because of erratic monsoon and the outsized impact of the pandemic on rural incomes