The government today said it has amended the production-linked incentive scheme for automobile and auto components to extend the scheme’s tenure by one year to March 31, 2028. The Rs 25,938 crore output-linked incentive scheme aims to boost domestic manufacturing of advanced automotive technology products and attract investments in the automotive manufacturing value chain. Initially,… Continue reading Govt extends tenure of automobile, component PLI scheme by 1 year to FY28
Author: Autocar_Professional India Online News
Mahindra achieves another record year: 433,172 units in CY2023, up 29%
Riding on the surging wave of demand for utility vehicles in the Indian market, Mahindra & Mahindra (M&M), armed with its SUV-laden portfolio, has delivered strong numbers in the year gone by. Cumulative 12-month data (see table below) reveals that M&M has registered total wholesales of 433,172 units, which is 98,084 units more than it… Continue reading Mahindra achieves another record year: 433,172 units in CY2023, up 29%
Honda Cars India registers 12% growth with 7,902 units in domestic sales during December’23
Honda Cars India Ltd. (HCIL) registered domestic sales of 7,902 units with a growth of 12% and exports of 3,749 units with a growth of 170% during Dec’23 in comparison to same period in previous year. The company had registered 7,062 units in domestic sales and exported 1,388 units in Dec’22. Yuichi Murata, Director, Marketing… Continue reading Honda Cars India registers 12% growth with 7,902 units in domestic sales during December’23
Honda Cars India registers 12% growth with 7,902 units in domestic sales during December’23
Honda Cars India Ltd. (HCIL) registered domestic sales of 7,902 units with a growth of 12% and exports of 3,749 units with a growth of 170% during Dec’23 in comparison to same period in previous year. The company had registered 7,062 units in domestic sales and exported 1,388 units in Dec’22. Yuichi Murata, Director, Marketing… Continue reading Honda Cars India registers 12% growth with 7,902 units in domestic sales during December’23
TVS Motor Company’s sales grow by 25% in December 2023
TVS Motor Company recorded monthly sales of 301,898 units in December 2023 with a growth of 25% as against 242,012 units in the month of December 2022. Total two-wheelers registered a growth of 27% with sales increasing from 227,666 units in December 2022 to 290,064 units in December 2023. Domestic two-wheeler registered growth of 33%… Continue reading TVS Motor Company’s sales grow by 25% in December 2023
TVS Motor Company’s sales grow by 25% in December 2023
TVS Motor Company recorded monthly sales of 301,898 units in December 2023 with a growth of 25% as against 242,012 units in the month of December 2022. Total two-wheelers registered a growth of 27% with sales increasing from 227,666 units in December 2022 to 290,064 units in December 2023. Domestic two-wheeler registered growth of 33%… Continue reading TVS Motor Company’s sales grow by 25% in December 2023
Hyundai Motor India hits all-time high sales of 602,111 units in CY2023
CY2023 has turned out to be a record-breaking year for the Chennai-based Hyundai Motor India. The Korean car and SUV manufacturer has announced its best-ever annual calendar year sales of 602,111 units in 2023. This constitutes a 9% year-on-year increase (CY2022: 552,511 units) and marks the first time that it has surpassed the 600,000-units wholesales… Continue reading Hyundai Motor India hits all-time high sales of 602,111 units in CY2023
Ola Electric records over 30,000 registrations in December
Ola Electric today announced that it recorded 30,219 registrations in December and captured a 40% market share in the EV 2w segment (as per VAHAN Portal). The company clocked its highest ever monthly registrations during the month and posted a year-on-year (Y-o-Y) growth of 74% compared to the same month last year. Additionally, it posted… Continue reading Ola Electric records over 30,000 registrations in December
Tata Motors records best-ever annual sales in CY2023: 550,838 PVs, 12.55% EVs
Tata Motors has registered its best-ever annual wholesales performance yet in CY2023: 550,838 units. This constitutes a 3% increase over the 526,798 units it sold in CY2022 and marks the second consecutive year that it has surpassed the half-a-million passenger vehicle sales milestone. The company, which retails seven PVs – Altroz, Tigor, Tiago, Nexon, Punch,… Continue reading Tata Motors records best-ever annual sales in CY2023: 550,838 PVs, 12.55% EVs
Maruti Suzuki December 2023 despatches down by 6.5% in a stock-correction move
Maruti Suzuki India (MSIL) reported sales of 104,778 units in December 2023, registering a 6.5 percent Year-on-Year (YoY) decline over December 2022’s volume of 112,010 units. The company’s entry-level Alto and S-Presso models continued to be distressed, with volumes plummeting to a mere 2,557 units (December 2022: 9,765), and registered a YoY de-growth of almost… Continue reading Maruti Suzuki December 2023 despatches down by 6.5% in a stock-correction move