Page 77 - Auto

Bajaj Auto leads major 2W makers with highest domestic sales growth in FY24

TVS Motor's domestic sales jumped by 21.52 per cent Y-o-Y to 3.15 million units in FY24

Despite subsidy cuts, EV sales zoom 41% in FY24; penetration at 6.8%

The e2W category contributed around 60 per cent in the overall EV sales

AMO Mobility launches a new Jaunty i Pro high-speed electric scooter

Plans to manufacture 30,000 vehicles by FY25

'Wait for 7 months'; Buyers line up as Xiaomi launches new SU7 sedan EV

Boasting a range between 700-900 km on a single charge and undercutting popular EVs like Tesla and BYD in price has resulted in long queues of buyers for MI's SU7

New EV policy: No restrictions on imports from any country, including China

Last month, India announced lowering import taxes on certain electric vehicles produced by carmakers who commit to invest at least $500 million and start domestic manufacturing within 3 years

Green mobility: Nitin Gadkari vows to eliminate petrol, diesel vehicles

Union Minister Nitin Gadkari proposed GST cuts on hybrid vehicles to 5% and flex engines to 12% to phase out reliance on petrol/diesel vehicles and promote alternate biofuels

Setting the pace: Ola Electric sees momentum continuing after record March

Ola's CMO, Anshul Khandelwal, also pointed out that there have been fundamental changes in the buying patterns of customers - for instance, more women are now buying electric vehicles than earlier

Robust rural growth, strong demand for SUVs drive car sales in FY24

The SUV segment's market share in the total Indian PV market grew from 40.1 per cent in FY22 to 43 per cent in FY23, and further surged to 50.4 per cent in FY24

Electric vehicle industry continues to lose charge on localisation woes

Poses a hurdle as cells, which account for half the EV price, continue to be imported

Gadkari vows to eliminate petrol, diesel vehicles; tax cut for hybrid cars

Gadkari did not give any timeline to meet this ambitious target which even proponents of green energy believe is mind bogglingly difficult

Citing 'disparity', Electric two-wheeler manufacturers call for GST reforms

This is a major concern for the industry, especially for start-ups, as it increases costs and makes it difficult to manage working capital, the industry feels

Only 5% looking to buy 4-wheeler may purchase EV this year: Survey

Car sales in India crossed 4 million units last year while 72,321 electric four-wheelers were registered, according to the survey conducted by online consumer pulse aggregator platform, LocalCircles

New Rs 500 crore scheme to promote e-mobility kicks in from Monday

Meanwhile, the second phase of FAME, or Faster Adoption and Manufacturing of Electric Vehicles in India (FAME-II) programme, ends on March 31, 2024

Luxury car sales could breach 50K mark for first time ever: Audi India head

Luxury car volumes in India currently account for less than 2 per cent of the overall passenger vehicle sales annually and the sector has been more or less at the same level for the past decade

US probes complaints of Ford pickups downshifting without warning

The company said it's working with NHTSA to support the investigation. Ford's F-Series pickups are the top-selling vehicles in the US

India's share in global electric PV market may rise to 7% by 2040

Penetration likely to remain lower than global average

Ceat MD Arnab Banerjee takes over ATMA chairmanship from JK Tyre MD

Banerjee was elected at the Managing Committee Meeting of the association held on Thursday evening

A smooth ride: Electric 2-wheeler registrations cross 100K in a month again

As of Thursday, registrations of electric two-wheeler vehicles have already surpassed 100,031 - an increase of over 25 per cent compared to the previous month

Craze for SUVs too shall pass in years to come: Maruti's R C Bhargava

Maruti Suzuki India Limited is India's largest carmaker with about 43 per cent volume share

Xiaomi launches electric vehicle SU7 in China, starts from $30,000

Xiaomi said that it received 50,000 orders for the SU7 in the first 27 minutes after sales opened at 10 p.m. Beijing time (1400 GMT)