Page 52 - Automobile Industry

Automobile retail sales in India increase by 8.31% in August: FADA

Retail sales of automobiles in India grew 8.31 per cent in August this year on the back of increase in registrations of vehicles across all major segments, automobile dealers' body FADA said on Thursday. As per data released by the Federation of Automobile Dealers Associations (FADA), total vehicle retail sales in the country stood at 15,21,490 units last month as compared to 14,04,704 units in August 2021. Passenger vehicles (PV) retail sales stood at 2,74,448 units as compared to 2,57,672 units in the year-ago month, a growth of 6.51 per cent. Two-wheeler (2W) retail sales also grew by 8.52 per cent at 10,74,266 units in August 2022 as against 9,89,969 units in the same month last year, it added. FADA said the three-wheeler (3W) segment witnessed the highest growth rate last month posting 83.14 per cent increase at 56,313 units, up from 30,748 units in the same month a year ago. Commercial vehicles (CV) also witnessed a robust 24.12 per cent growth at 67,158 units as against 54,

Apollo Tyres' stock racing ahead on improving outlook, growth in EU

While volumes are rising, there are interesting structural changes taking place in the sector

Wearing rear seat belt set to become mandatory, says Nitin Gadkari

Looks to nearly treble NH toll revenue to Rs 1.4 trn in 2 yrs

SoftBank plans $35 million bet on India's GoMechanic, says report

SoftBank has for years been a prominent backer of Indian startups, investing close to $4 billion last year alone, according to data from Venture Intelligence

With high August sales, has Indian auto sector entered the fast lane?

Experts say this year's passenger vehicle sales may be a quarter of a million more than the initial estimates. The sharp uptick in August sales also points towards it. Here's a peek into the auto boom

Demand for luxury cars in India rises to a new high, buyers getting younger

The sale of supercars, costing above Rs 2,5 crore, is set to be 600-650 in 2022. This is expected to fetch Rs 1,200 crore to the auto companies

Ashok Leyland adds to Bada Dost range, will launch e-LCVs in six months

With superior power, mileage, payload, load body length and loading space, the Bada Dost i1 and Bada Dost i2 help customers earn more profit per trip

E-scooters to hit 5% of two-wheeler mkt in FY23: Greaves Electric Mobility

Greaves Electric Mobility projects that sales of electric scooters will balloon to 700,000 units in FY23 from 250,000 units in FY22

Future of electric vehicles sector bright in India, says PM Modi

Prime Minister Narendra Modi on Sunday said that the future of the electric vehicles sector in India appears bright

Tesla wants videos of its vehicles crashing kid-sized dummies to be removed

The controversy surrounding the safety of Tesla's Full Self-Driving software has intensified as the car maker has demanded the removal of its electric vehicles crashing into kid-sized dummies videos

India must invite component makers first before OEMs: R C Bhargava

Foreign investment will come readily if the supply chain already exists, says Maruti Suzuki chairman

Maruti Suzuki to launch new Alto K10 on Thursday; check design, features

After almost a decade since the current model was introduced, the new Alto K10 is receiving a big update.

From supply shock to demand shock: New crisis hits semiconductor industry

As the companies were working on improving the supply of semiconductors, the demand for PCs, and mobile phones, among other things, fell, now leaving these companies with excess inventory

Hyundai India expects semiconductor shortage issue to improve next year

Hyundai Motor India expects semiconductor shortage issue to improve next year and emergence of a clear picture on the competitive scenario as it faces production constraints at present, according to a senior company official. The second largest passenger vehicle maker in the domestic market by volume has been facing stiff competition from homegrown manufacturers Tata Motors and Mahindra & Mahindra, which are riding high on their new SUV models. Besides, Maruti Suzuki India has also revved up its SUV plans with the launch of new Brezza and Grand Vitara. Leading up to the festive season, HMIL, the maker of popular SUVs, Creta and Venue is sitting on a backlog of 1.3 lakh pending orders. "2022 is driven more by the chip issue, so the real situation of demand will only emerge once we are able to produce with no constraints of semiconductor supplies and that is sometime away," Hyundai Motor India Director (Sales, Marketing and Service) Tarun Garg told PTI in an interaction. He was ...

Automobile industry expects car sales on fast lane in festive season

The auto industry expects car sales to be on the fast lane this festive season on the back of new launches and improved production but is cautiously optimistic on the road

15th Electric Vehicle Technology Expo 2022: EVT Expo begins in Delhi

15th Electric Vehicle Technology Expo 2022: Details, When and Where you can Watch. Know everything about the Electric Vehicle Technology Expo 2022 scheduled in Delhi from August 5-7.

Auto Sales Report July 2022: Toyota breaks their sales record

Auto Sales Report July 2022: Toyota and Maruti Suzuki showed positive growth, while Kia and MG Motors shows a negative trend. Check out the Auto sales report July 2022 insights

Auto retail sales dip 8% in July on poor registrations of PVs, two-wheelers

Automobile retail sales in India dropped 8 per cent on an annual basis in July on account of fall in registrations of passenger vehicles, two-wheelers and tractors

Hyundai to Mercedes, here are top 5 cars to be launched in August

Hyundai, Maruti, Mahindra, and Toyota to launch new cars in different segments. Know everything about the latest cars to watch out for in August.

Royal Enfield to Harley, here are top 5 bikes to be launched in August

Have a look at the top five bike launches in August 2022. Know prices, details, and what makes them different.