Page 12 - Automobile

Toyota Kirloskar Motor vehicle sales surges 175% to 12,835 units in January

Toyota Kirloskar Motor (TKM) on Wednesday reported a 175 per cent growth in vehicle sales at 12,835 units in January. The company had sold 7,328 units in the year-ago period, Toyota Kirloskar Motor said in a statement. "Even with a month-on-month strong growth of 175 per cent, we anticipate customer demand to gain further momentum in this year," Atul Sood, vice president, sales and strategic marketing at TKM, said. The carmaker had announced opening of bookings for its Hilux and the Innova Crysta models besides announcing the prices of the CNG variants of its Urban Cruiser Hyryder. The company has commenced dispatches of its Hycross SUV and is making efforts to meet the growing demand for the vehicle in the country, he said and added that its Urban Cruiser Hyryder also continues to witness healthy demand. In addition to this, the company's flagship models -- Camry, Fortuner, Legender and Vellfire -- also continue to garner good orders, he added.

Two-wheeler electric vehicle sales in India to reach 22 mn by 2030: Report

As the electric vehicle (EV) adoption grows in India, the electric two-wheeler sales volume in the country is likely to reach 22 million by 2030, a report showed on Wednesday

Electric two-wheeler sales to reach around 22 million by 2030: Report

Electric two-wheeler sales in the country are expected to grow to around 22 million by 2030 amid a demand for affordable transportation and the focus on reducing carbon emissions, a report said on Tuesday. A predominantly two-wheeler market, India's overall EV penetration, including two-wheeler stood at around 3 per cent of the total automobile sales in 2022 calendar year. Most developed countries are four-wheeler-dominated markets with as high as 63 per cent and 56 per cent penetration, in the US and China, respectively, Redseer Strategy Consultants said in its report released on Tuesday. It noted that though the electrification of mobility in India is still at a nascent stage, there is a massive headroom for growth. Consumers are increasingly picking EVs understanding that the Total Cost of Ownership (TCO) is more favourable than their petrol counterparts; it said and added that many brands and players have entered the field given a low barrier to entry through imports. As the .

EV market likely to cross 10-mn sales mark per annum by 2030: Eco Survey

India's electric vehicles (EV) market is expected to grow to one crore units annual sales by 2030 and create 5 crore direct and indirect jobs, according to the Economic Survey 2022-23. The survey tabled in Parliament on Tuesday said that in December 2022, India became the third-largest automobile market, surpassing Japan and Germany in terms of sales. "The automotive industry is expected to play a critical role in the transition towards green energy. The domestic electric vehicles (EV) market is expected to grow at a compound annual growth rate (CAGR) of 49 per cent between 2022 and 2030 and is expected to hit one crore units of annual sales by 2030," it said. As per industry estimates, the total EV sales in India stood at around 10 lakh units in 2022. Further, the survey said, "The EV industry will create 5 crore direct and indirect jobs by 2030. To support and nurture this development, the government has undertaken multiple steps". The pre-Budget document also highlighted that t

BYD India bullish on evolution of passenger electric vehicles market

BYD India has an assembling plant in Chennai

Long queues at filling stations in Pakistan amid acute petrol shortage

Long queues of automobiles and motorcycles were witnessed at filling stations in capital city of Islamabad and the Khyber Pakhtunkhwa province due to reduced supplies by oil marketing companies

Maruti Suzuki begins probe into alleged purchasing dept wrongdoings

Investigation follows whistleblower complaint that executives took money from suppliers

Maruti Suzuki Q3 preview: Profit may decline up to 8% QoQ on lower volumes

Maruti Suzuki Q3: Net profit may come in the range of Rs 1,794.4 crore to Rs 1,940 crore, as per brokerages' estimates

Hero Electric looks to raise nearly Rs 2,000 crore to drive expansion

The company is not looking for mergers and acquisitions, but is open to having a strategic investor who can bring some technical expertise

India's auto sector to grow at high single digit in FY2023-24: ICRA

The two-wheeler industry continues to struggle with industry volumes still below the pre-covid peak levels

Tata launches Nexon EV MAX XM at Rs 16.49 lakh; to hit market by April 2023

The automaker has also enhanced the range of its MAX variants to 453 km on a single charge

Maruti Suzuki transported record 320,000 units via railways in 2022

Maruti Suzuki India said it transported over 320,000 vehicles using Indian railways last year, its highest ever dispatch in a calendar year

Drivers of change: More women buy luxury cars in post-pandemic shift

Audi India has registered a 27 percent growth compared to the last year selling 4187 retail units in 2022

At 3.8 million units, PV sales rev up to highest ever in 2022: Siam

Data showed that passenger vehicle sales grew by 23 per cent in 2022 compared to the previous year to touch 3.79 million units

Wholesale passenger vehicle volume up on UV demand: Siam

However, FADA had warned that retail sales could be hit in the current quarter, with stricter fuel efficiency norms aimed at reducing carbon emissions set to come into effect from April this year

China's BYD plans India push, eyes 40% of world's 4th-biggest auto market

India's switch to electric vehicles is lagging behind other countries such as China and the US, hampered by high upfront costs and a lack of charging infrastructure

Maruti Suzuki launches 5-door, 4-wheel drive Jimny at Auto Expo 2023

The company aims to regain 50 per cent market share in the domestic passenger vehicle segment by bolstering its presence in the sports utility vehicle (SUV) space

MG Motor expecting 70-80% growth in India in 2023: MD Rajeev Chaba

MG Motor India increased its sales from about 40,000 units in 2021 to about 50,000 units in 2022

Auto Expo 2023: Automakers go all out with green offerings on day 1

The key highlight of the day was the unveiling of its first electric SUV, the eVX, by the country's largest carmaker Maruti Suzuki, which is likely to hit markets by 2025

Over 59 products unveiled, launched on first day of Auto Expo 2023

On the first day of Auto Expo 2023 on Wednesday, the vehicle exhibitors, both global and domestic, in total launched and unveiled over 59 products at the India Expo Mart here