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Demand for two-wheelers continues to be weak while that for passenger and commercial vehicles remains robust as compared with last year, a survey on automobile dealerships by ratings agency Icra has revealed. Automobile dealership industry has been witnessing several headwinds in the recent past, including subdued demand for two-wheelers (2W), supply constraints impacting growth of […]
Startup electric vehicles (EV) maker Etrio Automobiles Pvt Ltd on Tuesday said an automotive industry veteran, Prabhakar Kadapa, has joined its board of directors. Kadapa served most recently as the CEO & Managing Director (MD) at PSA AVTEC Powertrain Pvt Ltd, a joint venture between PSA Groupe, France and CK Birla Group, besides being the […]
Passenger vehicle exports from India increased 43 per cent in FY22, with Maruti Suzuki India leading the segment with dispatches of over 2.3 lakh units, as per the latest data by industry body SIAM. The total passenger vehicle (PV) exports stood at 5,77,875 units in 2021-22 fiscal, as compared to 4,04,397 units in 2020-21. Passenger […]
The country’s largest carmaker Maruti Suzuki India (MSI) on Monday said it has increased prices of its entire model range with immediate effect in order to partially offset the impact of rise in input costs. The company, which sells a range of vehicles from Alto to S-Cross, said the weighted average increase across models is […]
Hinduja Group flagship Ashok Leyland on Monday said it has joined hands with Mahindra First Choice Wheels to enter the used commercial vehicles business. The company has inked a MoU with Mahindra First Choice Wheels Ltd (MFCWL) in this regard. The phygital platform, as part of the partnership, will facilitate an exchange and proper disposal […]
Passenger vehicle wholesales in India declined nearly 4 per cent to 2,79,501 units last month, auto industry body SIAM said on Wednesday. Passenger vehicle (PV) dispatches from factories to dealerships in March 2021 stood at 2,90,939 units. As per the latest data by the Society of Indian Automobile Manufacturers (SIAM), two-wheeler sales also fell 21 […]
Electric vehicles maker Jitendra New EV Tech Pvt Ltd on Tuesday said it is investigating the cause of its electric scooters catching fire while being transported in a container truck last week. The incident happened on April 9 near the company’s factory gate at Nashik in Maharashtra. “We are investigating the root cause and we […]
Greaves Electric Mobility, the e-mobility division of Greaves Cotton Ltd, has inked a pact with battery technology company Mesha Energy Solutions Pvt Ltd, the company said on Tuesday. With this association, the company aims to improve the battery technology for its products across the portfolio and expand its presence, Greaves Electric Mobility said in a […]
Electric vehicles (EVs) offer an almost Rs 3-lakh crore business for various stakeholders in India in the five years through fiscal 2026, a CRISIL analysis indicated on Tuesday. The segment is expected to be driven by shared mobility, battery swapping and shift from ICE vehicles besides government support, it said. The opportunity includes potential revenue […]
The Tata Motors Group on Tuesday reported a 2 per cent year-on-year growth in global wholesales, including Jaguar land Rover (JLR), at 3,34,884 units in the March quarter of FY22. Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range in Q4 FY22 were at 1,22,147 units, higher by 12 per cent over […]