Autocar_Professional India Online News – Page 1323

Building the EV Supply Chain in India | Panel Discussion

With a rapidly growing EV parc, and the zero-tailpipe-emission technology increasingly making inroads into the Indian vehicle ecosystem, the situation demands the establishment of a local EV supply chain to cater to the growing needs of the market, as well as further the penetration with improved cost structures. While the country has a robust supply… Continue reading Building the EV Supply Chain in India | Panel Discussion

Hero MotoCorp posts 25.6 percent YoY growth in November sales

India’s largest two-wheeler maker Hero MotoCorp today reported a 25.6 percent on-year growth in its wholesales for November. Sales during the month was fuelled by strong festival season demand. The automaker sold a total of 4,91,050 two-wheelers in November, against 390,932 units in the year-ago period. Domestic sales grew 25.4 percent to 4,76,286 units while… Continue reading Hero MotoCorp posts 25.6 percent YoY growth in November sales

Honda Motorcycle & Scooter India reports 20 percent YoY sales growth in November

Honda Motorcycle and Scooters’ total domestic sales came in at 4,20,677 units, while it exported 27,172 units. Honda Motorcycle and Scooter India today said its sales rose 20 percent on a year-on-year basis during November to 4,47,849 two-wheelers. “The company witnessed an uptick in its sales during the festive season and registered a growth of… Continue reading Honda Motorcycle & Scooter India reports 20 percent YoY sales growth in November

Royal Enfield’s sales up 13 percent year on year in November to 80,251 units

Eicher Motors-owned Royal Enfield recorded a 13 percent on-year growth in its November sales amid robust domestic sales. Royal Enfield sold a total of 80,251 motorcycles during the month, compared with 70,766 units in the year-ago period. Domestic sales grew 14 percent on year to 75,137 units while exports registered a slight improvement of 2… Continue reading Royal Enfield’s sales up 13 percent year on year in November to 80,251 units

PV sales to register 8% uptick in CY23, growth likely to moderate to a low single digit in CY24

India’s passenger vehicle (PV) market is set to close the ongoing calendar with a sustained year-on-year (YoY) growth of around 8 percent as improved chip supplies enabled better production at OEMs to cater to the pent-up demand, reasoned Tarun Garg, Chief Operating Officer, Hyundai Motor India, in an interview. However, Garg expects the industry’s trajectory… Continue reading PV sales to register 8% uptick in CY23, growth likely to moderate to a low single digit in CY24

NIFCO South India Manufacturing to invest Rs 288 crore in Karnataka

The Government of Karnataka today signed a memorandum of understanding (MoU) with NIFCO South India Manufacturing, a group company of Nifco Korea, for setting up the company’s new automotive plastic components manufacturing plant at an investment of Rs 288 crore in the state. M B Patil, Hon’ble Minister for Large and Medium Industries, and Infrastructure Development,… Continue reading NIFCO South India Manufacturing to invest Rs 288 crore in Karnataka

NIFCO South India Manufacturing to invest Rs 288 crore in Karnataka

Honda Cars registers 24% sales growth in November to clock 8,734 units

Honda Cars India (HCIL) has registered a 24 percent year-on-year sales growth in November, to clock domestic volumes of 8,734 units (November 2022: 7,051). The Japanese carmaker, which introduced its latest entrant – the Elevate midsize SUV – earlier this year in September, says it witnessed a surge in demand for the SUV during the… Continue reading Honda Cars registers 24% sales growth in November to clock 8,734 units