The automobile retail demand during this year's festive season witnessed a surge with sales growing at the rate of 11.76 per cent over last year's 38.37 lakh units, according to the Federation of Automobile Dealers Associations (FADA).
Around eight four-wheelers, including police vehicles, and over two dozen two-wheelers were vandalized and set on fire during a clash between a group of unidentified individuals and police in Tonk district on Wednesday night.
In domestic sales, passenger vehicles (PVs) saw their highest-ever sales for October with 3,93,238 units sold--a 0.9 per cent increase compared to October 2023. However passenger car sales in October has registered a de-growth of 17 per cent. A total 1,07, 520 units were sold in October 2024
YTD EV penetration improved by 100 basis points (bps) year-over-year (YoY) to reach 7.6 per cent, with total EV registrations rising 26 per cent YoY to 1.1 million units.
The country's automobile industry reflects a varied performance across different segments in October sales with impressive growth in two wheelers, modest gain passenger vehicle and subdued performance in commercial segment.
The domestic two wheeler sales of Bajaj Automobiles declined by 8 per cent in October year on year, according to the sales figure data released by the company on Monday.
The demand for the passenger vehicle and commercial vehicles moderated in October while the demand of two wheelers and tractors showed positive momentum, highlighted a report by Motilal Oswal.
This growth is anticipated to be driven by double-digit volume increases in two-wheelers (2Ws) and low to mid-single-digit growth in passenger vehicles (PVs) and tractors. This growth will be partially offset by a year-on-year decline in commercial vehicle (CV) volumes.
Bajaj Auto has reported a significant rise in the sales of its two-wheelers for September 2024, with domestic sales increasing by 28 per cent year-on-year (YoY).
The scheme aims to accelerate the adoption of electric vehicles (EVs) in India, focusing on electric two-wheelers (e-2Ws), electric three-wheelers (e-3Ws), electric buses, and other emerging EV categories. Background and Evolution of EV Promotion Schemes
The demand for personal and vehicle loans, including two-wheelers and four-wheelers, has surged by 12 per cent in the last four months, according to a report by Teamlease Services.
GS Amogh Nag and Suhail Ahmed were the standout performers in the third round of the FMSCI Indian National Rally Sprint Championship 2024 for two-wheelers while Rajesh Swami was named the fastest rider from Maharashtra