Backed by robust economic growth and conducive government, the Indian automobile industry has posted a satisfactory performance with sales growing by 12.5 per cent during the just-concluded financial year.
According to the FADA data, Indian Auto Retail experienced a robust 13 per cent growth in February 2024 across all vehicle categories. 2 Wheeler, 3 Wheeler, PV, Tractors and CV sectors registered growth rates of 13 per cent, 24 per cent, 12 per cent, 11 per cent and 5 per cent respectivel
Two-wheeler sales in India rose 26 per cent to 1.49 million units in January 2024 as against 1.18 million units sold in the same month of last year, according to data put out by the Society of Indian Automobile Manufacturers released on Wednesday.
According to a press release, the month witnessed the sale of 28.54 lakh vehicles, surpassing the previous high of March 2020, which sold 25.69 lakh vehicles during the industry's transition from BS-4 to BS-6 emission norms.
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Passenger vehicles sold 3,89,714 units, representing a 15.9 per cent increase over the previous year. This segment witnessed an outstanding 42.1 per cent growth, with sales reaching about 76,940 units.
Hours after saying he was of the view that an additional GST must be imposed on the sale of diesel cars, Union Transport and Highways Minister Nitin Gadkari clarified that no such proposal currently under active consideration by the central government.
Union Transport and Highways Minister Nitin Gadkari has proposed a 10 per cent hike in diesel cars, in a bid to discourage pollution-creating vehicles.
According to SIAM, Passenger Vehicle sales soared to an impressive 3,59,228 units in August 2023, marking a substantial increase from the 3,28,376 passenger vehicles sold in August 2022.
Seoul [South Korea]/ Gurugram (Haryana) [India], August 16: Hyundai Motor India Limited (HMIL), India's first smart mobility solutions provider and the largest exporter since inception, today signed an Asset Purchase Agreement for the acquisition and assignment of identified assets related t
Overall two-wheeler sales registered a degrowth of 7.2 per cent year-on-year in July 2023, according to the Society of Indian Automobile Manufacturers (SIAM).
New Delhi [India], July 7: There have been recent reports flagging a sharp decline in sales of Auto LPG vehicles since 2019 in India. A top automaker is even said to have stopped the manufacturing of its LPG models. For a country that is home to the largest number of polluted cities among th