Passenger vehicle (PV) sales grew by 5% to 40,73,843 units in 2024, compared to 38,73,381 units in 2023. India’s automobile retail sales saw a 9% year-on-year increase in 2024, driven by two-wheeler and passenger vehicle demand despite a challenging business environment, according to the Federation of Automobile Dealers Associations (FADA) on Tuesday. Total vehicle registrations… Continue reading Automobile retail sales surge 9% in 2024 despite economic challenges
Author: Economic Times of India Online News
FAME-II scheme incentivises 16.15 lakh EVs, boosts charging infrastructure
The scheme has a budget of INR 10,900 crore for a two-year period. Of the total allocated budget, INR 2,000 crore has been kept for the installation of EV public charging stations. New Delhi: A total of 16.15 lakh electric vehicles (EVs) have been incentivised under the Faster Adoption and Manufacturing of Hybrid and Electric… Continue reading FAME-II scheme incentivises 16.15 lakh EVs, boosts charging infrastructure
China’s Geely Holding targets over 5 million units of annual sales by 2027
The Chinese company owned by billionaire Eric Li embarked on a series of strategic moves in September to focus on its main business of automaking after expanding into other sectors such as satellites, smart phones and banking in previous years. China’s Geely Holding Group on Sunday said it aims to sell more than 5 million… Continue reading China’s Geely Holding targets over 5 million units of annual sales by 2027
A ‘Made in China’ crisis awaits big auto
The industry has been hit by not one but two meteorites: Chinese automakers and electrification. When Jaguar’s “copy nothing” brand reboot hit late last year, one self-styled car enthusiast replied on X: “What the actual hell is this.” Jaguar’s response: “The future.” That remains to be seen. But the ad, unfamiliar and unsettling, does at… Continue reading A ‘Made in China’ crisis awaits big auto
States must prioritise state-specific logistics policies to meet development aspirations: Ministry of Commerce Report
Workforce skill development and incentivising green logistics practices were also highlighted as urgent areas requiring attention. The Logistics Division of the Ministry of Commerce has emphasised the need for States and Union Territories (UTs) to prioritise the development of State-specific logistics policies to achieve their developmental aspirations. A recent report by the division highlighted the… Continue reading States must prioritise state-specific logistics policies to meet development aspirations: Ministry of Commerce Report
Xpeng, Volkswagen to build ultra-fast charging network in China
Volkswagen later said it had developed a new architecture for intelligent and electric cars with Xpeng which the German automaker said would help it offer more affordable EVs in its biggest market. China’s Xpeng Motors and Volkswagen have agreed to expand their partnership to cooperate on ultra-fast electric vehicle charging networks in China, the automakers… Continue reading Xpeng, Volkswagen to build ultra-fast charging network in China
GRAP trap
Starting with A, if AQI reaches a new high it might be labelled Alarming, Appalling, or even Apocalyptic. As the new year dawns NCR continues to GRAPple with the deadly bane of pollution – a recent proposal being a Supreme Court order to impose a year-round ban on fireworks in Delhi – authorities entrusted with… Continue reading GRAP trap
India is ahead of other countries in green hydrogen sector: Union minister Pralhad Joshi
“A revolution is taking place in the field of solar energy, and India is becoming the world leader in renewable energy.” Union Minister of New and Renewable Energy Pralhad Joshi on Saturday said India is ahead of other countries in the field of green hydrogen. The Union government has floated a tender for the world’s… Continue reading India is ahead of other countries in green hydrogen sector: Union minister Pralhad Joshi
US new vehicle sales rose 2.7% last year as prices and interest rates dropped a little
During the year, the average sales price of a vehicle fell just under 1%. New vehicle sales in the U.S. rose 2.7% last year as prices and interest rates eased a bit, making SUVs, cars and trucks a little more affordable. Industry analysts say discounts such as rebates and low-interest financing should get even better… Continue reading US new vehicle sales rose 2.7% last year as prices and interest rates dropped a little
Nagpur RTOs register over 1.5 lakh vehicles in 9 months
The rise in vehicle registrations is a positive sign of economic activity but also poses challenges for city infrastructure. Vehicle registrations in Nagpur saw a steady rise in the first nine months of the financial year 2024-25, with an average of 554 new vehicles being added to the city and district roads each day. Nagpur’s… Continue reading Nagpur RTOs register over 1.5 lakh vehicles in 9 months