On a more positive note, the report points out that with two major airlines, Air India and IndiGo, both having placed large aircraft orders, India's growth in aviation sector is expected to take off
Car market leader Maruti Suzuki India cut production of its passenger cars by 16 per cent last month but increased those of utility vehicles by 33 per cent compared to October 2023, according to a regulatory filing by the company. Its passenger cars production stood at 89,174 units last month against 1,06,190 units in October 2023, down 16 per cent, Maruti Suzuki India said in the filing. On the other hand, production of utility vehicles, including Brezza, Ertiga, Fronx, Jimny, XL6 and those supplied to Toyota Kirloskar Motor, rose 33.18 per cent to 72,339 units from 54,316 units in the year-ago month. Production of mini cars comprising Alto and S-Presso was down at 12,787 units last month against 14,073 units in October 2023. Similarly, production of compact cars Baleno, Celerio, Dzire, Ignis, Swift, WagonR and those supplied to Toyota Kirloskar Motor were lower at 75,007 units compared to 90,783 units in the same month last year. Mid-sized sedan Ciaz saw production inched up ...
This typically includes seat belts, but it can also encompass other features such as airbags, seat belt pretensioners, and load limiters
Interestingly, this comes at a time when two-wheeler sales were seen increasing in new vehicles and the used vehicle category
Automobile retail sales increased 9 per cent year-on-year in June quarter FY25 with all segments, barring tractors, reporting growth, dealers' body FADA said on Monday. Overall retail sales rose to 61,91,225 units in the April-June period from 56,59,060 units in the same quarter of FY24. Passenger vehicle retails increased 2.53 per cent to 9,20,047 units as against 8,97,361 units a year ago. "Despite strong bookings and customer flow, high competition, excess supply and discounting presented challenges for sustained growth in the PV segment," FADA President Manish Raj Singhania said in a statement. Dealers reported significant impacts from elections, extreme heat and market liquidity issues, he noted. The extreme heat led to 18 per cent drop in showroom walk-ins in May, with inventory levels reaching an all-time high of 62-67 days by the end of June, Singhania said. "Despite improved product availability and substantial discounts aimed at stimulating demand, market sentiment rema
Creta EV and three other electric cars to be launched in India, it added
In the first half of FY24, sales in the Indian passenger car segment, which comprises small and compact cars, witnessed a year-on-year (Y-o-Y) decline of 7.9 per cent
Poland began to enforce a European Union (EU) ban Sunday on all Russian-registered passenger cars seeking to enter the country the latest in a series of sanctions on Russia in punishment for its war against Ukraine. Under the EU's decision, motor vehicles registered in the Russian Federation are no longer allowed to enter the territory of the 27-member bloc. A car registered in Russia has no right to enter Poland, Polish Interior Minister Mariusz Kaminski said Saturday, announcing the ban that took effect hours later at midnight. This is another element of the sanctions imposed on Russia and its citizens in connection with the brutal war in Ukraine, due to the fact that the Russian state today constitutes a threat to international security, Kaminski said. The move comes just days after the nearby Baltic states of Lithuania, Latvia and Estonia banned vehicles with Russian license plates from entering their territory a joint move in line with a recent interpretation of the EU's ...
If the pace of growth in dispatches sustains through the second half, India could become the third-largest car market in the world in 2023
There are many different types of car insurance policies available, each with its own set of coverage options. It is important to choose a policy that meets the needs of the car owner
MG Motor India unveiled its compact EV Comet, which has a range of 230 km per charge, last Wednesday
Share of value of components supplied to the two-wheeler market goes down
Is India's external account becoming vulnerable? Why is it not a good time to buy a car? What's in store for the markets in the second half of FY23? What is a constitution bench? All answers here
Volkswagen Passenger Cars India on Saturday reported a 60 per cent increase in sales to 4,103 units in September 2022. The company had sold 2,563 in September 2021, Volkswagen Passenger Cars India said in a statement. The growth was driven by rising demand for Volkswagen Taigun and Virtus models, it added. Amidst the supply chain challenges in the industry, the brand has still maintained its product offerings and continues to deliver, Volkswagen Passenger Cars India Brand Director Ashish Gupta said.
Just over half of passenger cars sold in the US will be electric vehicles by 2030, according to a report from BloombergNEF
There has been a 25% decline in the market for hatchbacks in the last four years due to increase in commodity prices and taxes by state governments
Passenger vehicles in India are witnessing strong demand as consumers hit the roads leaving behind lockdown blues. So, amid the easing supply issues, is it time to buy four-wheeler stocks?
Market for entry-level passenger cars, two-wheelers and three-wheelers yet to recover
Passenger car shipments saw an 88 per cent year-on-year growth at 1,04,400 units while utility vehicle exports rose 18 per cent to 55,547 units during the period under review, SIAM data showed.
India will introduce a safety rating system for passenger cars - a measure it hopes will encourage manufacturers to provide advanced safety features and will boost the "export worthiness"