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Besides improved E-way billing, there are reasons to believe that replacement demand will improve
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'We could have fully met or even exceeded our targets of 45 lakh units if not for the unseasonal heavy rains in South India,' says FADA
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SIAM president Shailesh Chandra noted that the flat sales of passenger vehicles in the first half of 2024-25 came as a 'slight surprise' for the automobile industry, but it is expecting a rebound in the second half due to the festival season.
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Commercial Vehicle and Passenger Vehicle manufacturers have shown a willingness to offer discounts for a limited period of two years and one year respectively, says Centre
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The net profit for the quarter under review has declined significantly from the March quarter profit, which came in at Rs 900.41 crore.
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In October 2021, TPG Rise Climate and its co-investor ADQ announced an investment of Rs 7,500 crore in the EV business at a valuation of up to $9.1 billion.
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Within the M&HCV growth momentum, Ashok Leyland is seeing strong demand growth from higher tonnage vehicles driven by better unit economics of these vehicles.
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The analysts noted that the stock is trading above its historical average multiple but added that they believe it was justified
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The total domestic sales stood at 75,173 units last month against 73,448 units in the year-ago period, a growth of 2 per cent, Tata Motors said in a regulatory filing.
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The flagship company of the Hinduja Group's consolidated revenue from operations in the quarter under review stood at Rs 13,577.58 crore as compared to Rs 13,202.55 crore in the year-ago period
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Despite rising commodity prices and the increase in vehicle costs, factors like improved supply of semiconductor chips and strong economic growth for FY24 resulted in higher vehicle offtake, as per SIAM.
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The company witnessed 39% growth in its sales in the domestic market at 25,930 units in 2023
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The price increase is to offset the impact of the past input costs, India’s largest commercial vehicle manufacturer said.
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The demerger offers investors the twin benefits of participating in the domestic CV segment while also getting an opportunity to own a pure-play global car company
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While domestic auto sales across all segments grew 19.48 percent YoY, PV exports slipped slightly to 1,69,463 units against 1,70,458 units during this period.
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Volumes are expected to remain subdued in the fourth quarter on a YoY basis, driven by the pause in infrastructure activities as the model code of conduct kicks in before the Lok Sabha elections.
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As per the data shared by the state transport department, 25,63,491 new vehicles were registered in Maharashtra in 2023, compared to 23,74,591 registered the previous year, registering a growth of 7.91 per cent.
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The Chennai-based CV maker will commence the the delivery of these buses within the next few months.
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To launch two e-LCVs in the fourth quarter of this fiscal; the firm is yet to find a strategic partner for its EV division.
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Vinod Aggarwal, President of SIAM, said that sales of entry-level cars continued to skid due to the constant stress in the rural economy
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Earlier, the Road Transport and Highways Ministry (MoRTH) said that fitness testing for heavy goods vehicles and passenger motor vehicles through an ATS will be mandatory from April 1, 2023
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The ratings agency said increasing regulatory requirements, elevated inflation and high interest rates have pushed up the ownership costs, thereby weighing on purchase decisions.
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The ratings agency pointed out that there are multiple proposed regulatory changes on the anvil such as the mandatory fitment of air-conditioners (ACs) in driver cabins which has already been announced with effect from January 1, 2025.
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Tata AutoComp is into manufacturing of multiple components, systems and aggregates for passenger and commercial vehicles, two and three-wheelers as well as for farm and off-road equipment, among others.
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The auto major is also looking to enhance localisation of its electric vehicles to 85 percent by 2025
