Page 87 - Auto

Mercedes Benz lines up Rs 200 cr investment, will launch over 12 products

Mercedes-Benz India will have more than 12 launches in 2024, including three electric vehicles, out of which half will be in the top end vehicle segment (TEV) and will be priced Rs 1.5 crore onwards

Auto retail sales in India grew 21% in December, 11% in 2023: Fada

In the near term and short term, the outlook of auto sales remains positive, despite an anticipated slowdown in the Kharmas period from December 16 to January 15

Different shades: Black is the new white for car buyers in India

In 2021, only 14.8 per cent of the cars sold in India were black. That increased to 15.5 per cent in 2022 and further to 19.5 per cent in 2023

VinFast to come up with $2 bn integrated EV facility in Tamil Nadu

The unit in Thoothukudi to have an annual capacity of 150,000 units

Swedish carmaker Volvo registers 31% jump in sales at 2,423 units in CY2023

Swedish car maker Volvo Cars on Friday said its total car sales in India witnessed a 31% yearly jump at 2,423 units in calendar year 2023, driven by the XC60 model

Electric vehicle penetration likely to fall short of govt's 2030 plan

Subsidy reduction has hit industry's estimate of 1.2 mn E2W sales in FY24

UK looks for greater share in India auto sector under FTA: Official

India has come to the centre stage of auto manufacturing not only in assembling but also in the whole value chain, Commerce Secretary Sunil Barthwal said

'EV sales in India to grow at 35%, annual volumes may cross 27 mn by 2032'

The report, 'India Electric Vehicle Market Overview 2023', by energy advisory, software and services firm, Customized Energy Solutions, also predicts a record-breaking sale of 1.7 mn units in 2023

German automobile major Audi's sales jump 89% to reach 7,931 units in 2023

German luxury carmaker Audi on Friday reported 89 per cent growth in retail sales in India at 7,931 units last year as compared with 2022

Tesla planning to bring in smaller batteries for its India car: Report

These smaller batteries are already being used by the company in China and could be key for Tesla to reduce the cost of the car it has proposed to bring to India

No reason for high tariffs on cars from UK, EU: Maruti Suzuki's RC Bhargava

Maruti Suzuki chief says costs of many models 20-30% lower in India

All about upcoming car and bike launches in January 2024; details inside

Here is the list of every upcoming car and bike which are expected to launch in India in January 2024. The famous upcoming vehicles incorporate Mercedes-Benz GLE, and others

Delhi had highest share in total EV sales in country in December: Minister

This is the highest-ever monthly contribution among all states in the country to date, reflecting the success of the Delhi EV Policy launched in 2020

Tata Motors domestic sales rise 4% in Dec; EV sales rise 21% in Q3FY24

Tata Motors' passenger vehicles remained in strong demand including preference for emission-friendly products in the domestic market, the company said

Bajaj Auto logs 16% Y-o-Y boost in Dec sales on high domestic demand

Pune-based Bajaj Auto said that it recorded a 26 per cent jump in two-wheeler (2Ws) domestic sales (Y-o-Y) in December at 158,370 units

Govt extends PLI scheme for auto sector by a year with 'partial amendments'

The Ministry of Heavy Industries on Monday announced the extension of the Production Linked Incentive (PLI) Scheme for Automobile and Auto Components by one year with "partial amendments".

PV sales surge past 4 mn, fueled by SUV demand, record December wholesales

Interest rate hikes, high base of 2023 may result in muted volume growth in 2024

Deadline nearing, 70% of FAME target met, 1.22 mn vehicles supported so far

The target is for more than 1.74 million electric vehicles

Festive cheer drives up TVS, Bajaj sales: Two-wheeler boom, export boost

Bajaj Auto reported that the domestic two-wheeler segment witnessed a 26 per cent growth, with sales climbing to 158,370 units in December 2023 from 125,553 units in December 2022

PV sales touch record high in 2023 at 4.1 mn, SUVs continue strong growth

The record sales have been achieved despite an increase in the average price of vehicles to Rs 11.5 lakh last year as compared to Rs 10.58 lakh in 2022