Business Standard

Vehicles Sales

Ola Electric vehicle registrations up 74% at 41,605 units in October

Ola Electric Mobility Ltd on Friday reported a 74 per cent rise in vehicle registrations at 41,605 units in October 2024 as compared to the same month last year. The company sold over 50,000 units in October 2024, Ola Electric said in a statement. The registration numbers are as per Vahan data, it added. "The festive season has been really strong for us on the back of our expansive portfolio, uptick in consumer demand, and the strengthening of our sales network across India. We have witnessed an increase in EV adoption especially in Tier 2 and 3 markets and we are confident that this positive growth will cascade in the coming months as well," a spokesperson of Ola Electric Mobility Ltd said. The company said it has started a campaign to double its company-owned service network to 1,000 centres by December 2024. Also, as part of the network partner programme, it will onboard 10,000 partners across sales and service by the end of 2025.

Ola Electric vehicle registrations up 74% at 41,605 units in October
Updated On : 01 Nov 2024 | 12:48 PM IST

Sales of electric vehicles in August decline 13% to 156,199 units

But, despite this decline, August sales still represented the third-highest monthly total this year, following March and July

Sales of electric vehicles in August decline 13% to 156,199 units
Updated On : 02 Sep 2024 | 11:32 PM IST

Auto majors to offer discount on new vehicles against scrappage certificate

Ahead of the festive season, several passenger and commercial vehicle manufacturers have agreed to offer discounts of 1.5-3 per cent on new vehicle purchase against scrapped old vehicles after a meeting with Union Minister Nitin Gadkari, an official statement said on Tuesday. The statement further said Mercedes Benz India has offered a flat discount of Rs 25,000, which will be over and above all existing discounts. Union Road Transport and Highways (RT&H) Minister Nitin Gadkari on Tuesday chaired a meeting with the SIAM delegation at Bharat Mandapam, where he addressed pressing issues in the automobile industry. "During this interaction, responding positively to the advice of the minister RT&H and recognising the importance of Fleet Modernisation and Circular Economy, multiple Commercial Vehicle Manufacturers and multiple passenger vehicle manufacturers have agreed to offer discounts for a limited period against a certificate of deposit (Scrappage Certificate)," the statement .

Auto majors to offer discount on new vehicles against scrappage certificate
Updated On : 27 Aug 2024 | 11:52 PM IST

Waning demand expected to hit breakneck rally in India's auto stocks

India's NSE Nifty Auto Index is down 4.1 per cent in August, more than double the decline in the Nifty 50 Index

Waning demand expected to hit breakneck rally in India's auto stocks
Updated On : 19 Aug 2024 | 8:53 AM IST

IPO disclosures in AV format; SCI's demerged entity makes debut, and more

Shares of Popular Vehicles and Services, an automobile dealership firm, fell by over 6 per cent during their trading debut on Tuesday

IPO disclosures in AV format; SCI's demerged entity makes debut, and more
Updated On : 19 Mar 2024 | 10:21 PM IST

Average selling price of passenger vehicles in India up by 50% in 5 years

ASP has gone up from Rs 7.65 lakh in 2018-19 to Rs 11.5 lakh in 2023-24, according to the industry. Premiumisation, changing regulatory norms and SUV craze lead to price hikes

Average selling price of passenger vehicles in India up by 50% in 5 years
Updated On : 21 Jan 2024 | 11:37 PM IST

Honda to recall 2.5 million US vehicles over risks of fuel pump failure

To address the issue, dealers will replace the fuel pump module, free of charge, the NHTSA said

Honda to recall 2.5 million US vehicles over risks of fuel pump failure
Updated On : 21 Dec 2023 | 10:49 PM IST

Audi India raises prices of vehicles by 2% from Jan 1 on rising input costs

Audi India registered an 88 per cent growth and has retailed 5,530 units in the first nine months of this year

Audi India raises prices of vehicles by 2% from Jan 1 on rising input costs
Updated On : 27 Nov 2023 | 2:44 PM IST

Ashok Leyland expects 20% revenue from exports in 5 years: Dheeraj Hinduja

Hinduja group-owned commercial vehicles maker Ashok Leyland expects over one-fifth of its revenue to come from exports in the next five years, according to company's Executive Chairman Dheeraj Hinduja. The thrust is to see Ashok Leyland among the top 10 global original equipment manufacturers (OEM), said Hinduja at Carlton House Terrace, London, UK, during a select media roundtable with the Hinduja family members here. The company, which is investing around Rs 1,000 crore to set up a bus manufacturing facility near Lucknow in Uttar Pradesh, expects the first vehicle to roll out within 15-18 months. Besides, Ashok Leyland has plans to enter Europe with electric buses in 2025, said Hinduja. As per its strategy, the company would focus only on the commercial vehicle segment and has no plans to enter the passenger vehicle segment as of now, he said. There is "room to grow with commercial vehicles" and a "much better growth path" in the segment, said Hinduja. In financial year ended M

Ashok Leyland expects 20% revenue from exports in 5 years: Dheeraj Hinduja
Updated On : 27 Oct 2023 | 3:48 PM IST

Mercedes Benz to bring 3-4 electric vehicles into India in 12-18 months

Iyer said, "We have ethanol-friendly petrol engines, which are E-20 compliant; we have state-of-the-art diesel engines that are clean, and we have electric."

Mercedes Benz to bring 3-4 electric vehicles into India in 12-18 months
Updated On : 15 Sep 2023 | 11:02 PM IST

Govt working on linking vehicle tax with emissions, says official

In India, Electric Vehicles (EVs) attract a GST of 5 per cent, while hybrids attract a much higher 43 per cent

Govt working on linking vehicle tax with emissions, says official
Updated On : 15 Sep 2022 | 10:14 PM IST
Updated On : 16 Aug 2022 | 11:10 PM IST

India at 75: Here's how much our per capita income has zoomed since 1950

Since 1950, India's per capita income (PCI) has jumped over 500 times. In 1950, it stood at Rs 265, and increased to Rs 1,28,829 in 2020-21

India at 75: Here's how much our per capita income has zoomed since 1950
Updated On : 13 Aug 2022 | 6:24 PM IST

Slow despatch pulls down passenger vehicle retail sales by 5% in July: FADA

Dragged down by two-wheelers, overall retail falls 8%

Slow despatch pulls down passenger vehicle retail sales by 5% in July: FADA
Updated On : 04 Aug 2022 | 11:33 PM IST

As India's Covid-19 cases inch up, recreation and shopping visits show dip

Workplace visits increased and power generation continues to inch up, marking economic recovery

As India's Covid-19 cases inch up, recreation and shopping visits show dip
Updated On : 02 May 2022 | 10:57 PM IST

Recovery tracker: More Indians Stepping out, vehicle registrations go up

With more people venturing out, traffic congestion increased in major cities in the country last week, shows data from global location technology firm TomTom International

Recovery tracker: More Indians Stepping out, vehicle registrations go up
Updated On : 26 Apr 2022 | 6:02 AM IST

Passenger vehicle wholesales down by 27% in October amid chip shortage

Passenger vehicle wholesales in India declined by 27 per cent year-on year in October with semiconductor shortage hitting production of automobile manufacturers

Passenger vehicle wholesales down by 27% in October amid chip shortage
Updated On : 13 Nov 2021 | 2:14 AM IST

Fiat Chrysler expects festivals to push India sales to pre-Covid level

Partha Datta, president and managing director of the company in India, says the coronavirus pandemic made an indelible mark on the industry

Fiat Chrysler expects festivals to push India sales to pre-Covid level
Updated On : 21 Oct 2020 | 10:07 PM IST

Truck sales show signs of recovery as economic activities pick up

Light and small trucks leading sequential resurgence

Truck sales show signs of recovery as economic activities pick up
Updated On : 09 Oct 2020 | 6:38 PM IST

Hero MotoCorp, TVS gain mkt share in Aug at cost of Honda and Bajaj

Hero MotoCorp, TVS Motor increase market share in a dwindling market while Bajaj and Honda slip

Hero MotoCorp, TVS gain mkt share in Aug at cost of Honda and Bajaj
Updated On : 10 Sep 2020 | 11:24 PM IST