Page 80 - Auto

Auto retail sales jump 13%, PV sales scale record high in February

PV sales moved up by 12 per cent to 330,107 units as compared to 293,803 units in February last year

Passenger vehicles industry estimated to grow up to 9% this fiscal: ICRA

The report said that dealer inventories remain high despite strong retail sales, and the pace of growth is expected to taper off in the coming financial year

Govt denies reports of extension of EV subsidy scheme FAME-II beyond Mar 31

The Ministry of Heavy Industries denied media reports claiming that the Centre has granted a temporary four-month extension to the scheme till July 31, with an outlay of Rs 500 crore for the period

BYD plans to cover 90% of India's EV market in 2024, to target major towns

Homologation is the process of certifying vehicles for roadworthiness under rules specified by the government for all vehicles made or imported into the country

Tata Motors, M&M, Ola Electric to get double benefit of auto PLI, FAME

Tata Motors, Mahindra, and Ola Electric were already availing of subsidy under FAME

Car leasing player Avyens eyes 8-10 per cent fleet growth in 2024

Indian car leasing market comprises of approximately 90,000 vehicles. Projection of Ayvens aligns with rising trend of car leasing as businesses seek more flexible & cost-effective mobility solutions

India's used car market size to touch $100 bn mark by 2034: CARS4's Chopra

As per the findings of the Gurugram-based online used car marketplace, there are changes in market dynamics with customers opting for frequent upgrades when it comes to cars

Electric two wheeler volume remains flat despite sharp price cuts

The top four electric two-wheeler manufacturers -Ola, TVS, Bajaj and Ather - account for over 86.45 per cent of the market

SUVs power best ever car sales for February; two-wheeler sales rise

During February alone, the share of SUVs in sales was around 51.5 per cent. Rural growth cumulatively in 2023-24 was 11.7 per cent against urban growth of 8 per cent

Planning to purchase a car this Holi? Here are the best loan rates

Banks offer a range of interest rates, starting as low as 8.45 per cent from UCO Bank and going up to 14.85 per cent at City Union Bank.

India key to Skoda Auto's global expansion, says CEO Klaus Zellmer

Skoda Auto India is looking to increase its share in the Indian market to 5 per cent by 2030

SUV share in total PV sales may rev up to 62% by FY25, says CRISIL

PV sales to grow by 5-7 % in 2024-25: Crisil

Centre propose amendment in CMVR rules related to LPG retrofitting

Industry players said that the proposed move is a step in the right direction, providing relief to the industry while also ensuring stricter environmental enforcement

China's BYD unveils 1st supercar Yangwang U9, rival to Ferrari, Lamborghini

China's BYD has unveiled its first supercar, Yangwan, priced at 1.68 million yuan (approximately Rs 2 crore)

Female workforce grows in automotive manufacturing as tech adoption surges

Automation, skilled talent requirements, along with active measures to improve gender representation drive female hiring in the automobile industry

VinFast kicks off Tamil Nadu unit construction, seeks cut in import duty

The project aims to evolve into a first-class electric vehicle production hub in the region, with an annual capacity of up to 150,000 units

PV industry growth likely to moderate to less than 5% in FY25: Tata Motors

The company, however, expects electric vehicle sales to keep growing despite the slow pace of charging infrastructure development in the country

Tractor sales drop by 4% in FY24, signalling rural economic trouble

Maharashtra recorded a 33% drop, Karnataka 21%, and Telangana 36% in tractor sales. This decline can be attributed to erratic weather conditions and insufficient rainfall

Kawasaki Ninja 500 launched in India, price begins at Rs 5.24 lakh

The much-awaited Ninja 500 has been launched in India. The new Ninja 500 will replace its predecessor Ninja 400. The price of Ninja 500 begins at Rs 5.24 lakh

Govt hits 79% of revised EV targets under FAME II as of February 18

Based on segments, the target achieved in electric two-wheelers is 78 per cent, for electric three-wheelers 88 per cent, and for electric four-wheelers much lower at 56 per cent