Two-wheelers maintained their market dominance with 4,48,767 units, accounting for more than half of the total vehicle sales. Delhi witnessed a slight upward trend in vehicle registrations in 2024 compared to 2023. It saw the registration of 7,09,024 vehicles in 2024 – a 7.8% increase – against 6,57,954 in 2023. The data reveals the recovery… Continue reading Over 7 lakh new set of wheels added to capital roads in 2024
Author: Economic Times of India Online News
Slight reprieve for rupee likely as Asian peers recover
Last Friday, when the rupee dropped to an all-time low of 85.80-85.81, the Reserve Bank of India intervened quite aggressively. The Indian rupee could find some relief on Thursday as most of its Asian peers ticked higher and with the currency near levels at which the central bank had intervened aggressively. The 1-month non-deliverable forward… Continue reading Slight reprieve for rupee likely as Asian peers recover
Tata Motors reports marginal increase at 76,599 units in December 2024 sales
Updated On Jan 2, 2025 at 08:39 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Curvv.ev Tata Motors reported its third-quarter fiscal year 2025 (Q3 FY25) sales figures on January 1, 2025. The company saw overall growth of nearly 1% year-over-year, driven by a slight increase in passenger vehicle (PV) sales… Continue reading Tata Motors reports marginal increase at 76,599 units in December 2024 sales
Mahindra & Mahindra reports 18% surge in December 2024 auto sales at 41,424 units
Updated On Jan 1, 2025 at 12:17 PM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Mahindra Scorpio NLine Mahindra & Mahindra (M&M Ltd.) reported a 16% rise in overall sales for December 2024, reaching 69,768 units. This growth was driven by strong performance in both the utility vehicle and commercial vehicle… Continue reading Mahindra & Mahindra reports 18% surge in December 2024 auto sales at 41,424 units
Union Budget 2025: The revolution Sitharaman could bring for EV industry’s boom on Feb 1
The EV industry still faces several challenges, including infrastructure limitations and high costs associated with adoption. India Budget 2025: The Union Budget for 2025-26 is set to be tabled in February by Finance Minister Nirmala Sitharaman. Among the sectors expecting a major boost is the electric vehicle (EV) industry. Amid the EV industry’s estimated steadfast… Continue reading Union Budget 2025: The revolution Sitharaman could bring for EV industry’s boom on Feb 1
Bajaj Auto reports 15% decline in December sales at 1,62,420 units
Domestic two-wheeler sales experienced a 19% decrease, dropping to 1,28,335 units from 1,58,370 units in December 2023. Bajaj Auto Ltd. reported a marginal (1%) year-over-year decrease in total vehicle sales, including exports, for December 2024. This amounted to 3,23,125 units sold, compared to 3,26,806 units in December 2023. While overall sales decreased marginally, domestic sales… Continue reading Bajaj Auto reports 15% decline in December sales at 1,62,420 units
Rupee tipped to weaken gradually amid broad dollar strength as 2025 kicks off
The rupee’s relative overvaluation is a potential drag on India’s exports. Traders will also watch out for any potential changes in the RBI’s forex intervention strategies over 2025 under the its new governor. The Indian rupee is likely to open flat-to-slightly-lower on Wednesday, with traders expecting the currency to weaken gradually in the near-term as… Continue reading Rupee tipped to weaken gradually amid broad dollar strength as 2025 kicks off
EV charging stns down with encroachments
Without proper action, the initiative to promote electric vehicles and provide dedicated charging spaces will be unsuccessful. Even though 24 EV (electric vehicle) charging stations and battery swapping stations (BSS) have been set up in Chandigarh, their effectiveness has been hampered by encroachments of these spaces by ICE (internal combustion engine) vehicles. The Chandigarh Renewable… Continue reading EV charging stns down with encroachments
The road ahead: Quality construction, maintenance of highways
Union Road Transport and Highways Minister Nitin Gadkari has repeatedly expressed frustration over poor quality of construction of some highways. After constructing a record 56,700 km of National Highways (NHs) in the country in the last 10 years, the road transport and highways ministry will shift focus on quality of construction and maintenance of NHs… Continue reading The road ahead: Quality construction, maintenance of highways
Over 6K booked for traffic violations in T’puram
For violating traffic rules and not wearing helmets, cases were registered against 2,477 persons. For violating other parking rules, 3,461 persons were booked. In a joint inspection being conducted by motor vehicle department and city police over the last 10 days, legal measures were initiated against 6,505 people and 56 vehicles were seized for various… Continue reading Over 6K booked for traffic violations in T’puram