Hyundai working to resolve export challenges due to Red Sea crisis: Tarun Garg
The company's exports in January declined by 13.7% YoY to 10,500 units, whereas February exports plummeted by 5% to 10,300 units, according to SIAM data.
automobiles industry
March 2024
February 2024
Domestic PV wholesales rise to 10.8% in Feb: SIAM
Maruti Suzuki, the country's largest automobile manufacturer sold 1,60,271 units in the domestic market, witnessing a growth of 8.6% YoY.
Tata Motors to hike commercial vehicle prices by 2% from April
The company has attributed the price hike to offset the residual impact of the past input costs.
EV penetration fastest in luxury car segment: BMW's Pawah
Vikram Pawah, however, opines that for the electric vehicle adoption to get a boost, India would require more charging networks.
Skoda to launch sub 4-metre SUV in 2025
The maker of Kodiaq and Kushaq also plans to hit an annual sales target of 1,00,000 cars in India by 2026.
Passenger vehicle wholesale surges 14% in Jan: SIAM
The domestic wholesales of two-wheeler manufacturers including electric vehicles grew by 26.2% YoY to 14,95,183 units against 11,84,376 units in the same period last year.
Tata Motors slashes Nexon.ev, Tiago.ev prices by up to ₹1.2 lakh
According to the country's largest electric vehicle manufacturer, the step has been taken to make EVs more accessible to customers.
PV retail sales rise 13% in Jan; elections to dampen CV demand in March quarter: FADA
However, long-term fundamentals remain positive, with expectations of a post-election rebound as underlying industries resume tender processes.
The Great Indian SUV Confusion
Non-clarity on definition and complex tax slabs mean it's up to companies to decide how to classify their vehicles in what has become a 'free for all' market.
Budget 2024: From GST cut on parts to accessible financing options; here’s what EV industry expects
The automotive and electric vehicle industry anticipates certain measures that could not only propel localisation but would accelerate the country’s EV transition.
