According to the Federation of Automobile Dealers Association (FADA), the year-on-year (YoY) market share of electric passenger vehicle has been doubled to 2.6 per cent on March, against 1.3 per cent in March 2022.
Sales of retail vehicles in India shot up 14 per cent on a yearly basis in March. Except for tractors, all categories saw double-digit growth, with two-wheelers, three-wheelers, passenger vehicles and commercial vehicles growing by 12 per cent, 69 per cent, 14 per cent, and 10 per cent, resp
All categories also witnessed double-digit growth with 2-wheeler, 3-wheeler, passenger vehicle, tractor and commercial vehicles growing by 15 per cent, 81 per cent, 11 per cent, 14 per cent and 17 per cent, respectively, on year-on-year basis, according to the FADA statement released on Mond
According to SIAM, wholesale passenger vehicle sales volume grew 17.2 per cent in January. As many as 2,98,093 units were sold in January 2023 as against 2,54,287 units sold in January 2022.
New Delhi [India], January 9 (ANI/NewsVoir): Leading Israeli startup EVR Motors will showcase a range of high-power density electric motors, based on its innovative "Trapezoid Stator" motor topology at Auto Expo Components 2023 in Pragati Maidan, New Delhi.
India's sales volume is expected to rise further with the inclusion of pending fourth-quarter sales figures for commercial vehicles, along with year-end results yet to be released by Tata Motors and other automakers, according to Nikkei Asia.
Bajaj Auto in a statement shared with exchanges said the sales of commercial vehicles went up 25 per cent to 23,030 units in December 2022, against 18,386 units in December 2021
According to the company, improving fleet utilisations, pick-up in road construction projects and increase in cement consumption catalysed the demand recovery for medium and heavy commercial vehicles (MHCVs).
The company said it has been absorbing a significant portion of the increased costs, but the steep rise in overall input costs has compelled it to pass on some proportion through this minimal price hike.
According to FADA, two-wheelers (2W), three-wheelers (3W), tractors and commercial vehicles (CV) were up 24 per cent, 80 per cent, 21 per cent, 57 per cent and 33 per cent, respectively.