India’s small car segment market continues to become smaller in the passenger vehicle industry. Maruti Suzuki India will continue to put efforts into manufacturing low-cost small cars for budget-concerned buyers, said RC Bhargava, Chairman of Maruti Suzuki India Limited, reported Moneycontrol first quoting the company’s annual report for the financial year 2023-24 on Sunday, August …
After a two-year decline, moped sale rebounded in the December quarter, driving two-wheeler sales on a growth path after a strong festive show, data from automotive industry body Society of Indian Automobile Manufacturers (SIAM) showed. Besides, passenger vehicles and three-wheelers recorded record sales in Q3, while two-wheeler volumes rose 22.6%. Commercial vehicle sales also inched …
The global shortage of semiconductors, or chips, which had rattled automobile production and sales in India through fiscals 2021 and 2022 and a large part of fiscal 2023, is easing, with supply-chain glitches being addressed and improved predictive demand forecast enabling better production schedules, said a report by CRISIL. Demand-supply dynamics are expected to be …
Two-wheeler sales are expected to experience the most significant surge compared to all other automobile categories between 2023 and 2028, according to a report from a ratings agency, reported TOI. This growth is projected to achieve a compound annual growth rate (CAGR) ranging from 9% to 11%, ultimately reaching a total of 25.9 million to …
Passenger vehicle sales crossed the two million mark in half a year for the first time as utility vehicles continued to propel consumer demand at the start of the festive season in September. Sales of cars, sedans and utility vehicles hit a record 361,717 units in September, rising 1.9% year on year on a high …
Tata Motors Ltd on Thursday said it will continue to produce diesel cars as long as customers demand and regulations permit while it accelerates the shift towards electric vehicles. “We have shown the biggest commitment to what the government wants i.e., EVs. It is unfortunate that people are asking questions on diesel and not asking …
Image Source : AP Production activity going on in a factory India’s auto retail sales witnessed a 10% annual growth in July, according to the Federation of Automobile Dealers Associations (FADA). This growth was driven by strong sales in the passenger vehicle, bike, and commercial vehicle segments. FADA reported a total of 1,770,181 units of …