Passenger vehicle sales fell for the first time in two and a half years in July amid sluggish demand and high dealer inventory, reflecting a broader slowdown in consumer spending across sectors after a two-year post-pandemic boom. While industry body Society of Indian Automobile Manufacturers (SIAM) will issue official sales only later this month, industry … Read more
New Delhi: Passenger vehicle sales fell for the first time in two and a half years in July amid sluggish demand and high dealer inventory, reflecting a broader slowdown in consumer spending across sectors after a two-year post-pandemic boom. While industry body Society of Indian Automobile Manufacturers (SIAM) will issue official sales data only later … Read more
Newly produced electric vehicles are being seen at Tesla’s Shanghai Gigafactory in Shanghai, China, on December 31, 2023. Costfoto | Nurphoto | Getty Images BEIJING — New tariffs on Chinese electric cars aren’t enough to help foreign automakers stay competitive, especially in the lucrative China market, according to consulting firm AlixPartners. China is the world’s … Read more
Good morning! It’s Wednesday, May 29, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. The New VW ID.3 Looks Great, But Won’t Come to the U.S. 1st Gear: Tesla Settles Deadly Model … Read more
In the U.S., Tesla may be at the forefront of the electric vehicle revolution, but abroad, the carmaker has some serious competition. In China, the world’s largest EV market, Tesla has been losing ground to domestic automakers who are increasingly building better cars at unbeatable prices, and chief among them is Warren Buffet-backed BYD. In … Read more
An analysis by Care Edge Ratings shows that the demand for vehicles powered by traditional fuels is progressively shifting towards those that utilise alternative fuels. The share of petrol vehicle sales, as a percentage of total vehicle sales, has recorded a significant decline, decreasing from 86 percent in 2020 to 76 percent in 2023 while … Read more
Uttar Pradesh recorded the highest number of vehicle sales in October-December 2023, followed by Maharashtra, Gujarat and Tamil Nadu, according to Society of Indian Automobile Manufacturers. As per data from Society of Indian Automobile Manufacturers (SIAM), Uttar Pradesh clocked a total sales of 8,22,472 units across passenger and commercial vehicles; and two and three-wheeler categories. … Read more
The Society of Indian Automobile Manufacturers (SIAM) has released its UT/state-wise vehicle sales data for the third quarter spanning Oct-Dec of the ongoing financial year 2023-24. According to the figures, Uttar Pradesh emerged as the frontrunner in total vehicle sales across various segments during this period. Following closely behind are Maharashtra, Gujarat, Tamil Nadu, and … Read more
NEW DELHI: Retail vehicle sales across India saw strong growth across all vehicle categories this January, with the overall market expanding by 15 per cent.Two-wheelers (2W) sales grew 15 per cent, followed by three-wheelers (3W) at 37 per cent, passenger vehicles (PV) at 13 per cent, tractors at 21 per cent and commercial vehicles (CV) … Read more
NEW DELHI: Calling it the ‘golden period’ for India’s mobility sector, PM Narendra Modi said the country’s growing and aspirational middle class will fuel vehicle sales across the country and asked automakers to ensure that there is a made-in-India vehicle running across most of the markets globally.There was a strong message for tyre makers with … Read more