Updated On Apr 2, 2024 at 10:23 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Industry estimates suggest domestic PV sales recorded a growth of about 9% at 42.3 lakh units in FY24 when compared to 38.9 lakh units in FY23. This also withholds India’s position as the third largest PV… Continue reading Auto Wholesales in FY24: PVs record over 42 lakh units, 2Ws grow double-digits, CVs in slow lane
Author: Economic Times of India Online News
TVS Motor domestic 2W sales rise 8% to 260,532 units in March 2024
The Company’s total exports registered a growth of 23% with sales increasing from 75,037 units in March 2023 to 91,972 units in March 2024. New Delhi: TVS Motor Company registered a growth of 12% with sales increasing from 317,152 units in March 2023 to 354,592 units in March 2024. Total two-wheeler sales increased 12% from… Continue reading TVS Motor domestic 2W sales rise 8% to 260,532 units in March 2024
EV market going to broaden; Maruti Suzuki top pick for 2024: Kumar Rakesh
Kumar Rakesh, Associate Director, Equity Research, BNP Paribas. Kumar Rakesh, Associate Director, Equity Research, BNP Paribas, says “we have seen a very strong demand for electric two-wheelers in March. Understandably, April will be much weaker adjusting for this pre-buying, but May onwards, we would expect penetration to start inching back upwards. Also, there are multiple… Continue reading EV market going to broaden; Maruti Suzuki top pick for 2024: Kumar Rakesh
Tata Motors total domestic sales rises 2% to 90,822 units in March
Last fiscal, passenger vehicle wholesales stood at 5,73,495 units, up 6% from 5,41,087 units in FY2022-23. Tata Motors on Monday reported a 2% rise in its total domestic wholesales at 90,822 units in March. In the year-ago period, the company posted total domestic wholesales of 89,351 units. Sales of passenger vehicles, including electric vehicles, in… Continue reading Tata Motors total domestic sales rises 2% to 90,822 units in March
Mahindra Auto domestic SUV sales up 13% Y-o-Y to 40,631 units
In the Utility Vehicles segment, Mahindra sold 40,631 vehicles in the domestic market, a growth of 13% Y-o-Y compared with 35,976 units in March, 2023. New Delhi: Mahindra & Mahindra Ltd. (M&M Ltd.), one of India’s leading automotive companies, Monday announced that its overall auto sales, including exports, for March 2024 stood at 68,413 vehicles,… Continue reading Mahindra Auto domestic SUV sales up 13% Y-o-Y to 40,631 units
Baltimore ship accident has East Coast ports scrambling to absorb cargo
Those kinds of jolts have been felt across the world, including by ships sailing around Africa to avoid Houthi attacks in the Red Sea, or delays transiting the drought-stricken Panama Canal. Ports along the US East Coast are modifying their operations to absorb cargo diverted from Baltimore harbor, where salvage specialists are starting the daunting… Continue reading Baltimore ship accident has East Coast ports scrambling to absorb cargo
New INR 500 crore scheme to promote electric mobility kicks in from April 1
The INR 500 crore Electric Mobility Promotion Scheme 2024 (EMPS 2024) scheme is being introduced by the MHI to further accelerate the adoption of EVs in the country. The new INR 500 crore scheme to promote electric mobility in India will come into force from Monday and continue till the end of July. Meanwhile, the… Continue reading New INR 500 crore scheme to promote electric mobility kicks in from April 1
Nippon Steel emphasises its ‘deep roots’ in the US as it pursues U.S. Steel deal
“What U.S. politicians are concerned about is jobs and whether U.S. Steel can develop as an iconic U.S. company in the U.S.,” Tadashi Imai told reporters last week before he took on his new role on Monday. Nippon Steel intends to pursue its proposed acquisition of U.S. Steel and wants its “deep roots” in the… Continue reading Nippon Steel emphasises its ‘deep roots’ in the US as it pursues U.S. Steel deal
India reaches out to critical mineral producers for processing technology
The Centre of Excellence under the mines ministry is also preparing the strategy to accelerate the development of critical mineral mining, processing, manufacturing, and recycling. India has reached out to key critical mineral producers to bring in processing technology into the country, officials said. The move comes close on the back of the government rolling… Continue reading India reaches out to critical mineral producers for processing technology
Global EV uptake at turning point, due to lack of infrastructure, oversupply in China: Goldman Sachs
EVs sales volume is likely to decline by 2% in 2024 and negative growth would likely result in oversupply across the EV supply chain. A Goldman Sachs research report on electric vehicles says the EV uptake is at a turning point, and hybrids and plug-in hybrids are giving a tough competition. Europe, which has driven… Continue reading Global EV uptake at turning point, due to lack of infrastructure, oversupply in China: Goldman Sachs