In tandem with record sales of the electric two-wheeler industry of over 850,000 units, the Indian electric three-wheeler industry surpassed the half-a-million sales milestone for the first time in CY2023. At 581,696 units sold (as per Vahan data at 7.30pm on December 31, 2023), this sub-segment of India EV Inc recorded handsome 66% year-on-year growth… Continue reading Electric 3-wheeler sales clock 66% growth in CY2023 to over 581,000 units
Author: Autocar_Professional India Online News
Electric 3-wheeler sales clock 66% growth in CY2023 to over 581,000 units
In tandem with record sales of the electric two-wheeler industry of over 850,000 units, the Indian electric three-wheeler industry surpassed the half-a-million sales milestone for the first time in CY2023. At 581,696 units sold (as per Vahan data at 7.30pm on December 31, 2023), this sub-segment of India EV Inc recorded handsome 66% year-on-year growth… Continue reading Electric 3-wheeler sales clock 66% growth in CY2023 to over 581,000 units
Electric car, SUV and MPV sales jump 114% to over 81,000 units in CY2023
An indication of the growing shift to e-mobility on four wheels is seen on our roads in the form of green-plated SUVs, sedans and, more recently, hatchbacks as an increasing number of passenger vehicle buyers are preferring to put their money on a wallet-friendly EV, despite the higher initial price compared to their petrol or… Continue reading Electric car, SUV and MPV sales jump 114% to over 81,000 units in CY2023
Electric car, SUV and MPV sales jump 114% to over 81,000 units in CY2023
An indication of the growing shift to e-mobility on four wheels is seen on our roads in the form of green-plated SUVs, sedans and, more recently, hatchbacks as an increasing number of passenger vehicle buyers are preferring to put their money on a wallet-friendly EV, despite the higher initial price compared to their petrol or… Continue reading Electric car, SUV and MPV sales jump 114% to over 81,000 units in CY2023
Roller coaster ride for 2-wheelers
The two-wheeler market saw exceptional sales growth in 2018-2019, which resulted in record volumes. However, the growth story lost its momentum due to multiple factors such as rising ownership costs, the pandemic, and economic challenges in rural areas. Nonetheless, 2023 has witnessed a remarkable recovery in sales, demonstrating the industry’s resilience and potential for strong… Continue reading Roller coaster ride for 2-wheelers
Riding high, component players ready to face global challenges
The Indian component sector clocked cumulative revenue of Rs 298,487 crore or USD 36.1 billion in H1 FY24 – April to September 2023 – to register a 12.6 percent year-on-year growth (H1 FY23: Rs 265,099 crore). The sector has been growing at a CAGR of 4.1 percent between FY19 and FY23, with robust domestic vehicle… Continue reading Riding high, component players ready to face global challenges
Vehicle safety set to take a huge step up in India
A few weeks ago, to be precise August 22, 2023 would be a day that the Indian auto industry will remember as a landmark date, with the government taking a major initiative of boosting vehicle safety in the country by launching the Bharat New Car Assessment Programme or BNCAP crash protocols for determining new car… Continue reading Vehicle safety set to take a huge step up in India
Vehicle safety set to take a huge step up in India
A few weeks ago, to be precise August 22, 2023 would be a day that the Indian auto industry will remember as a landmark date, with the government taking a major initiative of boosting vehicle safety in the country by launching the Bharat New Car Assessment Programme or BNCAP crash protocols for determining new car… Continue reading Vehicle safety set to take a huge step up in India
Vehicle safety set to take a huge step up in India
A few weeks ago, to be precise August 22, 2023 would be a day that the Indian auto industry will remember as a landmark date, with the government taking a major initiative of boosting vehicle safety in the country by launching the Bharat New Car Assessment Programme or BNCAP crash protocols for determining new car… Continue reading Vehicle safety set to take a huge step up in India
Slow and steady growth for India’s CV segment
The commercial vehicle (CV) segment, which is considered to be the barometer of economic activity, is likely to reach pre-pandemic volumes with modest growth in the range of two to four percent year-on-year during FY2024. However, the projected growth is relatively lower than the 7–10 percent growth that was forecast earlier in the year, after… Continue reading Slow and steady growth for India’s CV segment