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automobile industry

automobile industry: Sales data of July reflects a positive outlook for the Indian automobile industry: SIAM

by Adesola Mojo
automobile industry: Sales data of July reflects a positive outlook for the Indian automobile industry: SIAM

Passenger vehicle sales in July stood at 3,41,510 units, according to data released by the Society of Indian Automobile Manufacturers (SIAM) on Wednesday. Three-wheeler sales in the same month were …

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Categories Automobile

Auto sector sees resilient two-wheeler growth amidst mixed performance in PVs and CVs for June 2024

by Adesola Mojo
Auto sector sees resilient two-wheeler growth amidst mixed performance in PVs and CVs for June 2024

Mumbai: Wholesale volumes across various segments of the automobile industry in June 2024 are anticipated to reflect a subdued trend, primarily attributed to the absence of wedding dates, according 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

Passenger car sales drop 11 percent in May 2024 as two-wheelers boom

by Adesola Mojo
Passenger car sales drop 11 percent in May 2024 as two-wheelers boom

In May 2024, two-wheeler sales saw a significant increase, while passenger car sales declined by over 11 percent, according to data from the Society of Indian Automobile Manufacturers (SIAM), reported …

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Categories Automobile

Vehicle retail sales soar 27% in April; two-wheeler registrations jump 33%, cars up 16%

by Adesola Mojo
Vehicle retail sales soar 27% in April; two-wheeler registrations jump 33%, cars up 16%

New Delhi: Vehicle registrations in the country – a proxy for retail sales – went up by a robust 27% year on year to 2.2 million units in April, led …

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Categories Automobile

Auto industry causes 10% of world’s carbon emissions—This is how it can become more sustainable

by Ev Richard
Auto industry causes 10% of world’s carbon emissions—This is how it can become more sustainable

The global automotive industry stands at a critical juncture. As climate change intensifies and environmental concerns mount, its impact on planetary health has come under increased scrutiny. So what is …

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Categories Technology

Maruti Suzuki export plans: Maruti Suzuki reveals recipe for improved export plans in FY25

by Adesola Mojo
Maruti Suzuki export plans: Maruti Suzuki reveals recipe for improved export plans in FY25

After a fruitful FY24, Indian automaker Maruti Suzuki is eyeing nearly 3 lakh exports in FY25 with focus on bettering its portfolio abroad, the company’s Executive Director of Corporate Affairs …

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Categories Automobile

Indian auto industry poised to reach USD 300 Billion by 2026; Revving up for innovation and expansion

by Adesola Mojo
Indian auto industry poised to reach USD 300 Billion by 2026; Revving up for innovation and expansion

India’s rapidly growing auto market is poised to hit a milestone, with projections indicating it will reach USD 300 billion by 2026. This growth is fueled by various factors, including …

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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

Growth momentum to continue amid positive economic scenario: JK Tyre

by Adesola Mojo
Growth momentum to continue amid positive economic scenario: JK Tyre

JK Tyre expects demand momentum to continue for the tyre industry in the medium to long term, with the automobile industry set to grow amid a positive economic environment, according …

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Categories Automobile
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