Electric two-wheeler sales in India up over 2.5x to 846,976 units in FY23
In the E2W segment, the industry sold 7,26,976 high-speed E2W (top speed more than 25km/hour) in FY 2023
VE Commercial Vehicles posts 35.2% rise in sales at 11,906 units in March
The company, a joint venture of the Volvo Group and Eicher Motors, said Eicher branded trucks and recorded sales of 11,677 units last month, as compared to 8,581 units in March 2022, up 36.1 per cent, the company said in a statement.
Mahindra & Mahindra total sales rise 21% in March to 66,091 units
In a statement, the Mumbai-based auto major said its utility vehicle wholesales rose by 31 per cent to 35,976 utility vehicles in March, as against 27,380 units in the year-ago period.
Suzuki Motorcycle sales jump 49% to 97,584 units in March
The company sold 73,069 units in the domestic market and exported 24,515 units in the previous month, Suzuki Motorcycle India Pvt Ltd (SIMPL) said in the statement.
Kia India expects 40% of sales in 2023 to accrue from iMT trims
The automaker is replacing manual transmission with intelligent manual transmission (iMT) in turbo petrol and diesel trims of Seltos, Carens and Sonet.
Maruti Suzuki hikes vehicle prices
An estimated weighted average of increase across models stands at around 0.8 percent and is calculated using ex-showroom prices of models in Delhi, the auto major said in a regulatory filing.
Hero MotoCorp March sales rise 15% to 5,19,342 units, exports decline
Domestic sales in FY23 stood at 51,55,793 units compared to 46,43,526 units in FY22, a growth of 11 percent, while exports were lower at 1,72,753 units compared to 3,00,624 units in FY22, the company said.
Honda reports 2% growth in domestic wholesales for March
The company had dispatched 6,589 units to dealers in March 2022, the automaker said in a statement.
Royal Enfield total sales up 7% at 72,235 units in March
Domestic sales were at 59,884 units in the month under review, as against 58,477 units in the year-ago month, a growth of 2 per cent, the company said in a statement.
Hyundai Motors posts highest ever sale of over 7.20 lakh units in FY23
Out of this, the domestic sales volume of 5,67,546 was also the highest since inception.
FAME Scheme: Parliamentary panels suggests extending subsidy for EVs by two years
The committee recommended that the government should extend FAME-II scheme “to allow more time to evaluate the effectiveness of the scheme and to make necessary adjustments/modifications to promote EVs.”
Maruti Suzuki to hike prices of model range from April
The auto major, however, did not share the quantum of the price hike it intends to implement from next month.
ASRTU to felicitate bus drivers for ensuring safety, preventing accidents
The felicitation, which is scheduled on April 18, will be attended by Union Minister for Road Transport and Highways Nitin Gadkari.
IFC to invest Rs 600 crore in M&M’s new last mile mobility company
This investment in Mahindra & Mahindra’s new wholly owned subsidiary last mile mobility (LLM) company will be in form of compulsory convertible instruments at a valuation of Rs 6,020 crore and will result in an ownership of between 9.97 percent and 13.64 percent for IFC in the new company
M&M looking to raise $1.3 billion for new EV Company: Report
Besides hiving off stake in its EV business, the Mahindra Group is also “engaged” with large global private equity (PE), ESG-focused funds, and sovereign funds for long-term investment in its EV business.
Your next Porsche will be *really* expensive
To build on its €100 billion valuation, Porsche needs to show its pricing power isn’t tapped out
Hyundai inks pact to acquire GM India's Talegaon manufacturing facility
The company has inked a "term sheet" for the potential acquisition of identified assets related to the Maharashtra-based facility, the country's second largest carmaker said in a statement.
Mercedes-Benz to increase prices by Rs 2-12 lakh across models from April 1
Mercedes-Benz India Managing Director & CEO Santosh Iyer told PTI that the company has been tracking the Euro and the Rupee has depreciated against it in the past few months.
Bajaj Auto top Nifty gainer as JP Morgan ‘overweight’ on stock
JP Morgan is overweight on Bajaj Auto, with target price at Rs 4,400 per share. The financial services company said the stock could potentially re-rate in 2023
Antony Blinken hails 'historic' South Korea announcement on Japan
South Korea and Japan are "two of the United States' most important allies, and we are inspired by the work they have done to advance their bilateral relations," the Secretary of State said in a statement.
Tata Motors crosses 50 lakh passenger vehicle production milestone
The company achieved this goal on March 3 and celebrated the milestone amid a lot of fanfare.
Bajaj Auto launches Chetak Premium 2023 Edition, initiates bookings and expands EV supply chain
The latest iteration of the electric scooter features new colours, premium materials, and exquisite detailing, making it more appealing to the modern consumer. Bajaj Auto has also initiated bookings for the new scooter, promising to deliver it by April 2023.
Honda Cars India launches new City and new City e:HEV, check prices and details here
Both the models are BS-6 RDE compliant on E5 fuel and E20 material compatible.
TVS Motor records 1.97% dip in sales in February
The city-headquartered company had sold 2,81,714 units during the corresponding month of last year. Total two-wheeler sales in February 2023 marginally fell to 2,67,026 units from 2,67,625 units recorded in the same month of last year.
