Domestic auto demand to offset weak exports: Report
The ratings agency expects the domestic sales volumes to grow 7%-10% year-on-year in FY24, after rising 19%-21% in FY23.
auto industry
March 2023
February 2023
The New Auto Champions
As industry enters a new growth phase, emerging ancillary players are shaking up the status quo.
Maruti Suzuki IGNIS price hiked by ₹27,000; here’s why
Maruti says IGNIS is now being equipped with ESP, Hill Hold Assist as a standard feature across all the variants, providing an added safety shield.
Decoding India’s UV Onslaught
How utility vehicles came to dominate the Indian market and why the trend is here to stay.
Motown’s Moment of Aatmanirbharta
A smooth transition to green mobility takes centrestage in the Budget as India prepares to take on the mantle of the world’s manufacturer in the new global order.
Jan PV wholesale up 17.2% on better demand, sentiment: SIAM
The auto wholesalers' body says positive announcements in the Budget to help in continuing with the overall growth momentum.
M&M Q3 profit rises 14% to ₹1,528 cr; revenue jumps 41%
On the consolidated basis, profit climbed 35% YoY to ₹2,677 crore, while revenue grew 30% YoY to ₹30,620 crore in Q3 FY23.
RBI hikes repo rate by 25 bps; here’s how rate sensitive stocks reacted
Rate-sensitive stocks slipped in red as the central bank raised the repo rate for the sixth time in a row, which is likely to impact consumption and demand for loans.
PV sales up 22% in January; total retail rises 14%: FADA
All categories were in green in January 2023, with 2-wheeler, 3-wheeler, passenger vehicle, tractor and commercial vehicles growing by 10%, 59%, 22%, 8% and 16%, respectively, FADA data shows.
Economic Survey 2023: EV industry to create 5 cr jobs by 2030, says FM
The FM says the EV industry will also contribute to the economy's overall growth by creating 5 cr direct and indirect jobs by 2030. These jobs will work in tandem to put 1 crore EVs on road by 2030
