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Auto sector

Demand in slow lane, Auto Inc deploys discounts to clear inventory gridlock

by Adesola Mojo
Demand in slow lane, Auto Inc deploys discounts to clear inventory gridlock

New Delhi: Car discounts have doubled from August last year and are likely to stay high through the festive season, till end of December, as carmakers and dealers rush to …

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Categories Automobile

SUVs, UVs lead as India’s auto sector reaches Rs 10.22 lakh crore value: Posts 19% growth

by Adesola Mojo
SUVs, UVs lead as India’s auto sector reaches Rs 10.22 lakh crore value: Posts 19% growth

The Indian automobile industry has hit a milestone, achieving an impressive 19 percent growth in value for the fiscal year 2023-24, reaching Rs 10.22 lakh crore, according to a report …

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Categories Automobile

Mahindra Group to invest Rs 37,000 crore in auto sector, plans to launch 23 new vehicles by 2030

by Adesola Mojo
Mahindra Group to invest Rs 37,000 crore in auto sector, plans to launch 23 new vehicles by 2030

Mahindra Group has announced a massive investment plan of Rs 37,000 crore over the next three years, with a significant portion dedicated to the auto sector. Anish Shah, the Managing …

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Categories Automobile

Sales of cars, sedans, utility vehicles see their best-ever February

by Adesola Mojo
Sales of cars, sedans, utility vehicles see their best-ever February

Sales of cars, sedans and utility vehicles in the local market increased in healthy double-digits to their best-ever level for the month of February at 373,177 units on back of …

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Categories Automobile

India’s new aspiring middle class to fuel economy, mobility sector growth: PM Modi at Bharat Mobility Show

by Adesola Mojo
India’s new aspiring middle class to fuel economy, mobility sector growth: PM Modi at Bharat Mobility Show

India has a new aspiring middle class of 250 million people who will fuel growth, also in the mobility sector, Prime Minister Narendra Modi said in his address at the …

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Categories Automobile

FASTag’s Rs 40,000 Cr benefit to economy: Modi’s big announcement for truck drivers

by Adesola Mojo
FASTag’s Rs 40,000 Cr benefit to economy: Modi’s big announcement for truck drivers

Prime Minister Narendra Modi today addressed the inaugural ceremony of the Bharat Mobility Global Expo 2024, hailing the progress of the Indian auto sector and urging further innovation and global …

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Categories Automobile

India’s goal of achieving 15% share of natural gas by 2030: A myth or reality?

by Adesola Mojo
India’s goal of achieving 15% share of natural gas by 2030: A myth or reality?

This article is authored by Vaibhav Kaushik, CEO & Co-founder, NawgatiIndia’s ambitious target of achieving a 15% share of natural gas in its energy mix by 2030 has sparked debates, …

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Categories Automobile

Auto companies log best-ever November sales on robust festive demand

by Adesola Mojo
Auto companies log best-ever November sales on robust festive demand

Passenger vehicle (PV) sales in the domestic market grew in single digits last month, on a high base, to the highest-yet levels recorded for the month of November, driven by …

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Categories Automobile

Auto news: Auto sector to see moderate growth in FY24, uneven monsoon’s impact on rural demand a concern: ICRA

by Adesola Mojo
Auto news: Auto sector to see moderate growth in FY24, uneven monsoon’s impact on rural demand a concern: ICRA

India’s domestic automobile industry is expected to record moderate growth in volumes in FY24, but a sustained recovery in demand sentiments remains to be seen, amid concerns over the impact …

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Categories Automobile

No country can match India’s potential for growth in car market: RC Bhargava, Maruti Suzuki

by Adesola Mojo
No country can match India’s potential for growth in car market: RC Bhargava, Maruti Suzuki

RC Bhargava, Maruti Suzuki, shares his views on India’s automobile markets. Edited excerpts: ET Now: Let’s talk about the automobile market…RC Bhargava: India is now the biggest growing market in …

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Categories Automobile
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