Suzuki Motor Gujarat (SMG) has surpassed the milestone within a span of around 6 years and 11 months since commencing operations in February 2017, MSI said in a statement
The Volkswagen plant in Urumqi, the capital of Xinjiang, is no longer assembling vehicles and functions only as a distribution hub
The new engine will come with the option of a seven-speed DCT or a manual gearbox and returns 160hp
Mahindra & Mahindra said it initiated complimentary roadside assistance, no-cost inspection and damage assessment and financial relief through special discount to its customers in the affected areas
According to Ward, the risk of fatal injuries to vulnerable road users increases as the bonnet height of the vehicle hitting them increases
The model will be produced at the Curitiba Veiculos de Passeio factory, at the Ayrton Senna Industrial Complex in Sao Jose dos Pinhais in the state of Parana in Brazil
MG Motor, however, did not disclose the quantum of price hike it plans to take from next month
Purchase incentives on EV vehicles are being continued in markets like Canada, the US, Korea, etc. to achieve their electrification ambitions and India cannot be left behind and miss the EV bus
"The model-wise amount of increase will be finalised by the end of this month. The introductory price will be valid till Dec 23 and price will be revised from Jan 2024," Honda Cars India V-P noted
The MHI was allocated Rs 5,127 crore for the current financial year - the highest since the Rs 10,000-crore scheme was launched in 2019
Companies like MSIL and Tata Motors have announced price increases from January 1
Srivastava noted that the industry is expected to close the current financial year with the best-ever yearly wholesales of over 4.1 million units
Domestic sales were at 4,20,677 units as against 3,53,553 units in the same month a year ago
Rural India accounts for 55% of total two-wheeler sales and is key for the sector
TVS sold a total of 16,872 units of electric two-wheelers in November 2023 as against 10,056 units sold in November 2022
The mid-sized sedan, Ciaz clocked just 278 units last month as compared to 1,554 units in November 2022
Tata's commercial vehicle sales stood at 28,029 units in November 2023, which was down 4 per cent year-on-year from 29,053 units sold in November 2022
The company registered a rise in its YTD sales data until November 2023, which stood at 22,875 units, 6.9% more when compared to 21,393 units sold during the same period last year
Exports for November 2023 were down 42% year-on-year. Year-to-date exports until November 2023 also dropped 17%, reaching 17,986, compared to 21,633 units exported during the same period in FY23
Bajaj Auto also reported an impressive jump of 81% Y-o-Y for commercial vehicles, which went up from 177,671 to 321,140 units for November 2023