The share of CNG in the overall passenger vehicle market increased from 13.63 percent in June 2023 to 18.5 percent in June 2024
Japanese giants like Maruti Suzuki and Toyota are pushing for tax cuts on hybrids, arguing that electric vehicles (EVs) alone can't carry the emissions reduction load
The industry witnessed a decline after the expiry of FAME-II, despite the introduction of EMPS
But two-wheeler market roars ahead with strong growth figures
Expects incentives for 4W fleet to continue in FAME III
Four separate company letters to Uttar Pradesh highlight the rivalry between automakers in a country where taxation is skewed in favour of EVs
Postponement of Ratha Yatra, unforgiving summer, election season led to saturation
Sales in July highlight a positive outlook for the remainder of the year, reflecting a growing consumer interest and the impact of strategic market incentives, sector experts said
Toyota has been on a record profit run that has boosted its share price. But its outlook has been complicated by a tough market in China
Plan to roll out 400,000 electric, hybrid cars a year
The volume push was led by Bajaj, which saw its vehicle registrations go up by a staggering 79 per cent to hit 16,269 in July over the previous month
The company has inked the MoU to examine the setting up of a greenfield manufacturing facility at Chhatrapati Sambhaji Nagar, Toyota Kirloskar Motor (TKM) said in a statement
In Karnataka, the automaker, including its group companies, has invested more than Rs 16,000 crore and created close to 86,000 jobs in the entire value chain, it said
Toyota's global sales declined 2% in April-June versus a year earlier as robust U.S. and European demand wasn't enough to make up for declines at home and in China
Between April and June 2024 Honda exported 10,659 units of the Elevate meanwhile it sold 5,435 units of the Elevate in Indian market
Gujarat also in list, if govt rolls out sops; in talks to rope in local partners
From setting up cutting-edge facilities to cater to the domestic market and building capabilities of global standards, the action is building up
As of 2023, India is the fourth-largest light vehicle producer with 5.4 million vehicles, upstaging Germany (4.3 million) and South Korea (4.2 million)
It plans to pedal overseas with a Bajaj product and accelerate into India's e-commerce space with a high-speed two-wheeler
Over 400 acres zeroed in at Panapakkam, 90 km from Chennai