The increase in PV sales in September was driven by festive season purchases, with SUV models like Maruti Suzuki's Brezza, Hyundai Creta, Mahindra Scorpio, Ford Ecosport and Honda W-RV witnessing good traction
Domestic and foreign companies pour in a slew of investments in Gujarat.
With just a month left in this financial year, electric two-wheeler sales, so far, are at just 62 per cent of the ambitious target of 1 million units set for 2022-23 by the NITI Aayog. According to VAHAN data, compiled by the Society of Manufacturers of Electric Vehicles (SMEV), 620,006 units of electric two-wheelers were sold across the country in FY23 until February 21. Though the industry may miss the 1-million target, sales in FY23 are already up 146 per cent from 249,621 units sold in FY22.
Data issued by Siam shows sale of PVs (cars, vans and utility vehicles) grew 14.3 per cent to 275,417 vehicles.
He is survived by two sons, Rajiv Bajaj and Sanjiv Bajaj, and a daughter Sunaina Kejriwal.
Dealers attribute the sluggishness in sales to distress in rural India as well as tepid sentiment in urban markets.
Only a few thousand chargers dot the Indian landscape, some in working condition, others not, with some held hostage to the power supply vagaries of local utilities, reports S Dinakar.
Yeh Meri Family is rescued by the actors. All of them have delivered on the warmth and crankiness of a close-knit family without putting on any hum saath saath hain fakery, observes Deepa Gahlot.
Almost all of these companies either unveiled their new electric vehicle or alternative energy-powered models.
Hyundai Motor and Toyota Kirloskar Motor have announced the suspension of manufacturing operations at their respective plants amid coronavirus outbreak. On Sunday, various automakers like Maruti Suzuki India, Honda Cars, Mahindra & Mahindra and Fiat announced a temporary halt in manufacturing operations at their respective facilities.
The EV industry is at an inflection point and batteries will play a critical role ahead -- batteries and related components typically constitute 35-45 per cent of an EV's costs.
'For me, Nitin Chandrakant Desai will always be associated with masti-mazaak.'
The government will press ahead with the sale of public sector companies that have been approved by the Cabinet, Finance Minister Nirmala Sitharaman said on Thursday. Highlighting that FDI flow into India is much higher compared to other emerging economies, she said India's strong macroeconomic fundamentals, ability to do reforms and a stable government help attract long-term foreign funds into Indian businesses.
'If you keep on irritating the body by allowing all kinds of pollutants to get into it, the body cells are going to get irritated and cancer will come.'
Citing an example of traffic rule violation in the national capital, Infosys founder N R Narayana Murthy on Tuesday said that he feels uncomfortable coming to Delhi because it is the one city where indiscipline is the highest. While speaking at the All India Management Association (AIMA) Foundation Day, Murthy shared that people should treat community property better than personal property as one of the values to avoid issues of dishonesty in public governance. "I really feel very uncomfortable coming to Delhi, this is one city where indiscipline is the highest.
The sharp increase in commodity prices on account of the Russia-Ukraine war has put automakers in a fix. After the frequent price hikes in the current fiscal, manufacturers fear that any more price increases may further dent the already weak demand in certain segments. "We have taken several hikes and cannot immediately do it again. "We will have to closely watch the situation and act accordingly," said an official at an auto firm, declining to be identified. Even for companies like Tata Motors Passenger Vehicles, which has had a strong volume run and a robust order book, passing on the entire costs has been tough.
'Not only are Muslim homes and shops being bulldozed, but the cops are filing random FIRs even against people who died two-three years ago, against those who have moved to neighbouring states since almost two years to work there.'
'We remain positive on technology, private sector financials, gas, infrastructure, and export-oriented plays.'
Two-wheeler prices are likely to rise by 10-25 per cent on account of higher premiums on insurance and commodity prices, mandatory safety regulations and BS-VI emissions that kick in from April 1, 2020.
Passenger vehicle wholesales in India witnessed a 21 per cent annual growth in August, riding on improved supplies of semiconductors and festive demand, according to the Society of Indian Automobile Manufacturers. As per the latest data released by industry body Society of Indian Automobile Manufacturers (SIAM), passenger vehicle (PV) dispatches to dealers stood at 281,210 units last month, against 232,224 units in August 2021. Passenger car wholesales were up 23 per cent at 133,477 units last month, as against 108,508 units in the year-ago period, SIAM said.
Automaker Toyota Kirloskar Motor (TKM) on Tuesday said it will increase prices of its entire model range by up to 2 per cent with effect from October 1 in order to partially offset the impact of rise in input costs. The company, which is a joint venture between Japan's Toyota Motor Company and Kirloskar Group, sells a range of vehicles including Innova Crysta and Fortuner in the domestic market. The company will realign the prices of its models, with effect from October 1, 2021, TKM said in a statement.
This is the first decline since June this year when car sales declined by 11%.
as the FAME II deadline of March 31, 2024, nears, EV manufacturers are worried about their investments and future plans.
Italian automaker Piaggio on Thursday said it will invest 30 million euro in India to set up a scooter facility in Baramati, Maharashtra, to re-introduce the iconic Vespa scooter by early 2012.
Besides regular buyers, there is lot of interest among those in essential services, such as health, banking, and IT. The sales will be helped by social distancing becoming the new normal in both urban and rural regions as people will be averse to using public transport.
Car makers are cautiously optimistic, even as two-wheeler firms are clearly upbeat.
'They are afraid that if they approach a police station for filing a complaint they might themselves get arrested under some random charges.'
After a long hiatus Piaggio Vehicles Pvt. Ltd. -- the makers of the romantic Vespa Scooters -- is making a comeback in India. Vespa LX125, country's first style-of-living scooter offering, is all set to dazzle on the Indian roads in next couple of months.
India's largest two-wheeler maker by volume - Hero MotoCorp (Hero) - posted a better-than-expected operating performance in the January-March (fourth quarter, or Q4) quarter of 2022-23 (FY23). Riding on higher average selling prices which were up 5 per cent year-on-year (YoY) and volume growth of 7 per cent, the company registered a 12 per cent growth in revenue to Rs 8,306 crore. The company sold 127,000 units in the quarter, largely driven by domestic sales which were up 11.6 per cent, while exports saw a sharp fall of 57 per cent over the year-ago quarter.
The Yamaha Ray Z gets a lot of cosmetic changes which make the scooter attractive to male buyers.
He termed his grandmother and former prime minister Indira Gandhi as "the love of my life and my second mother".
'And Joshimath has already shown the dangers ahead.' 'We have to acknowledge that our mountains are still young babies.' 'You don't put an extra load on the back of a growing child!'
The strike, however, had no impact on production of auto majors Maruti Suzuki India, Hero MotoCorp, Honda Cars India, Mahindra & Mahindra, Tata Motors and Hyundai Motors India as their plants in various parts of the country functioned normally.
So far at least eight incidents of EV fires have been reported in just over a month's time.
While India is catching China in motorbike sales, it lags far behind in cars, which use more petrol per journey.
The stand-off at the facility, which employs around 1,900 permanent workers and 2,500 contract workers, began on November 5 morning when the company management did not allow some of the contractual workers to go inside the plant.
Kinetic Engineering (KEL), the makers of the iconic Luna two-wheelers in the seventies, will soon start producing components for an electric version of the moped. Pune-based Kinetic said in September that Luna would make a comeback in an electric avatar. The electric Luna, or E-Luna, will be launched by KEL's sister company Kinetic Green Energy and Power Solutions.
Neelam Kothari and her husband Samir Soni enjoyed a beautiful weekend in Kashmir, taking in the Gulmarg Winter festival, organised by the Indian Army to promote tourism in the valley.
The car was expected to have a price tag of Rs 10 lakh and launch was slated for this June.
The Interceptor 650 and Continental GT 650 have been game changers in the upper part of the mid-size segment, with compelling style and highway capability.
