With rising international gas prices and a frequent upward revision of domestic prices, the CNG penetration in the domestic commercial vehicle sector has witnessed a decline in the current fiscal, especially in the medium truck segment, as per the latest report. According to ICRA Ratings the CV industry has witnessed a contraction in the penetration… Continue reading Gas price hike to restrict CNG penetration in CV sector to 9-10 percent: ICRA
Author: Autocar_Professional India Online News
November auto retails are India’s best ever at 2.38 million units
The resilient Indian automobile industry handled tough times with fortitude, always expecting good things to happen and the good times to return. A month before 2022 wraps up, India Auto Inc is well positioned on growth road and looking to shift gear into speed lane across segments. What has helped is a combination of growth-driving… Continue reading November auto retails are India’s best ever at 2.38 million units
November’s India auto retails hit a record high: 2.38 million units
The resilient Indian automobile industry handled tough times with fortitude, always expecting good things to happen and the good times to return. A month before 2022 wraps up, India Auto Inc is well positioned on growth road and looking to shift gear into speed lane across segments. What has helped is a combination of growth-driving… Continue reading November’s India auto retails hit a record high: 2.38 million units
November continued to be a festive month for e-bikes
Sales of electric two-wheelers is on the rise in India. Electric vehicle companies are setting new sales records every month. The sales of electric two-wheelers in November 2022 amounted to 76,163. Ola Electric ranked first in retail sales. 16246 units of S1 electric scooters were delivered in November 2022. Ola’s sales have increased since the launch of… Continue reading November continued to be a festive month for e-bikes
November continued to be a festive month for e-bikes
Sales of electric two-wheelers is on the rise in India. Electric vehicle companies are setting new sales records every month. The sales of electric two-wheelers in November 2022 amounted to 76,163. Ola Electric ranked first in retail sales. 16246 units of S1 electric scooters were delivered in November 2022. Ola’s sales have increased since the launch of… Continue reading November continued to be a festive month for e-bikes
Volvo expands Digital Tech Hub footprint in India
Volvo Cars has today announced expanding its Digital Technology Hub to a new and larger facility in Bengaluru, the capital of Karnataka and India’s IT hub. The company says that it is further strengthening its commitment to the Indian market by the virtue of this new space that will encourage collaboration, innovation and offer a flexible… Continue reading Volvo expands Digital Tech Hub footprint in India
Volvo expands Digital Tech Hub footprint in India
Volvo Cars has today announced expanding its Digital Technology Hub to a new and larger facility in Bengaluru, the capital of Karnataka and India’s IT hub. The company says that it is further strengthening its commitment to the Indian market by the virtue of this new space that will encourage collaboration, innovation and offer a flexible… Continue reading Volvo expands Digital Tech Hub footprint in India
Landmark Group to float IPO on Dec 13, as premium & luxury car market speeds up
Landmark Cars Limited, a chain of luxury auto dealerships, will begin its initial public offering (IPO) on December 13 in light of the 10-12% CAGR growth that is predicted for India’s premium auto sales over the following five years. In addition, a CAGR of 14–15% is forecast for the even more niched luxury market. The… Continue reading Landmark Group to float IPO on Dec 13, as premium & luxury car market speeds up
Landmark Group to float IPO on Dec 13, as premium & luxury car market speeds up
Landmark Cars Limited, a chain of luxury auto dealerships, will begin its initial public offering (IPO) on December 13 in light of the 10-12% CAGR growth that is predicted for India’s premium auto sales over the following five years. In addition, a CAGR of 14–15% is forecast for the even more niched luxury market. The… Continue reading Landmark Group to float IPO on Dec 13, as premium & luxury car market speeds up
Ashok Leyland appoints Ex-Escorts Agri Machinery head Shenu Aggarwal as MD and CEO
Ashok Leyland appoints Ex-Escorts Agri Machinery head Shenu Aggarwal as MD and CEO Ashok Leyland, the Indian flagship company of the Hinduja group has announced the appointment of Shenu Agarwal as MD and CEO of the company with immediate effect. Under the new role, Agarwal will drive the technology development, growth, and future strategy for… Continue reading Ashok Leyland appoints Ex-Escorts Agri Machinery head Shenu Aggarwal as MD and CEO