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Sales grew 11.4% in December as several OEMs continued with their festive discounts
Top luxury OEMs together sold 2,809 EVs in 2024, against 2,633 units in 2023
Luxury car sales touched 51K units for first time in 2024
While exporters benefit, import-dependent firms expected to struggle
The move comes in the aftermath of the pandemic that exposed vulnerabilities in the global supply chains, including India's semiconductor sector
Pricing the new variants aggressively at Rs 26.9 lakh (BE6) and Rs 30.5 lakh (XEV 9e), the company compared them with global EVs such as Tesla, BMW, and others
Three of the top five best-selling cars in 2024 were SUVs.
The rupee has been hovering above Rs 85 mark vis-a-vis the US dollar in the recent past
Shailesh Chandra, managing director of Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility, said the industry remains "optimistic" about PV growth in the new calendar year
It had voluntarily paused production in September
Chandra says when the market expands, one benefits from a wider portfolio, but when the market is not growing, products start cannibalising among themselves
This has been made possible by declining global costs of battery cells for EVs
Critical tweaks in laws, spirit of enterprise and the pandemic brought about this transition. Tech and innovation will now define the industry's future
Pharma cos and docs say medical conferences have declined since March after UCPMP was notified
The concluding part of the silver economy series looks at innovative apps and wearables that are empowering seniors and their families
Nissan Motor India declined to comment on the matter. Honda Cars India too did not comment
Over 14% of passenger vehicles and 16% of two-wheelers manufactured in the country were exported between January and November
More variants of the e-scooter, targeting delivery executives, likely soon
The report further projected that EVs could add $9.6 trillion in OEM revenues by 2070, with cars being the major contributor from 2030 onwards
The Healthcare Federation of India reports that over 50 per cent of aspirational districts identified by NITI Aayog, which lack essential infrastructure, are served by diagnostic chains