Two-wheelers ride the slow track with just 3.81% sales growth amid rural slowdown
Data showed that passenger vehicle sales grew by 23 per cent in 2022 compared to the previous year to touch 3.79 million units
However, FADA had warned that retail sales could be hit in the current quarter, with stricter fuel efficiency norms aimed at reducing carbon emissions set to come into effect from April this year
Shift to UVs from sedans, vans, and small cars to drive the trend
Suzuki holds a 56.37 per cent stake in Maruti Suzuki
The Robotic all-in-one utility vehicle can clear the clogged stormwater drains, clean the sewage channels, and can suck out water from the subways
The Ministry of Road Transport and Highways (MoRTH) on Monday made it mandatory for goods vehicles, manufactured on or after September 1, used for carrying dangerous or hazardous materials to be fitted with location tracking device. The ministry in a notification said it has been brought to the notice that vehicles, which are not under the ambit of national permit, carrying various gases viz. argon, nitrogen, oxygen etc. and goods of dangerous or hazardous nature, are not fitted with Vehicle Location Tracking Devices. "Accordingly, the ministry, has mandated that every vehicle of categories N2 and N3, manufactured on and after the 1st day of September, 2022, in the case of new models, and 1st day of January, 2023, in the case of existing models, carrying dangerous or hazardous goods, shall be fitted with a vehicle tracking system device as per Automotive Industry Standard (AIS) 140," it said. Category N2 vehicle means motor vehicles used for carriage of goods and having a gross ...
The peak festive season, which starts from Navratri and ends with Diwali, is critical for auto companies and accounts for a fifth of their annual sales
Revival in tractors, improvement in supply, and margin gains are other key triggers for the auto major
Mahindra & Mahindra Ltd on Thursday said it has clocked almost one lakh bookings of its latest sports utility vehicle XUV700 besides billing the first 14,000 units of the vehicle by January, despite global supply chain issues. The company in a statement also said that while the dynamic supply chain issues continue to be a challenge in streamlining and ramping up production, it is doing its best and focusing on meeting its committed delivery timelines to customers. Given the unprecedented bookings and the continued strong demand for the vehicle, the waiting period for most variants stands at 6-10 months. However, the AX7 series has a waiting period of well over 12 months, it stated. The homegrown auto major had launched XUV700 in August last and opened bookings from early October. The deliveries of the XUV700, however, commenced only from October 30. Priced between Rs 12.95 lakh and Rs 23.79 lakh (ex-showroom), the five- and seven-seater XUV700 comes in two broad trims MX and AX ..
Most other auto firms in India including Tata Motors, Hyundai Motors, Kia Motors, Nissan, Renault and Honda Cars have either already curbed production or will do so soon
Low base, along with rising demand, pushed up India's overall vehicle retail sales on both sequential and year-on-year basis in July 2021
Competitive pressures, lower share of utility vehicle segment and margins are key worries
UV launches, steep festival discounts bolster sales
Overall car sales, however, dropped 22%: Siam data
Utility vehicles, which used to constitute about one-fifth of the passenger vehicle market till 2015-16, now contribute over 25% of the total car sales
Shipments jump 173% in two years; however passenger car exports decline 3% between FY14 and FY16
Shipments of UVs saw a sustained increase and jumped by a staggering 173% between FY14 and FY16