Cale Yarborough, who won three consecutive NASCAR Winston Cup Series championships and whose 83 victories tied him for sixth place on the winners’ list, died on Sunday. He was 84. He had been battling a rare genetic disorder, his family told The Associated Press. At the peak of his success, Yarborough won nine races in… Continue reading Cale Yarborough, Hall of Fame NASCAR Driver, Dies at 84
Category: US Motoring Press
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
Bull run for passenger carmakers in 2023
It’s no secret now that the frenzy for sports utility vehicles continues to drive the Indian passenger vehicle market to new highs. The Indian SUV segment for the first time touched a new peak of two million vehicles, helping the Indian car market post a record high for the second consecutive year as per industry… Continue reading Bull run for passenger carmakers in 2023
Ola Electric gets ARAI nod to qualify for eligibility certification under Auto PLI Scheme
IPO-bound Ola Electric, which is looking to raise Rs 5,500 crore through its initial public offer, has got the Ministry of Heavy Industries testing agency’s (ARAI’s) nod for meeting the 50 percent domestic value addition norms to qualify under the non-automotive investor (OEM) category of the government’s Rs 25,938 auto PLI scheme. A senior officer… Continue reading Ola Electric gets ARAI nod to qualify for eligibility certification under Auto PLI Scheme
Gujarat gears up for 10th Vibrant Gujarat Global Summit 2024
The Gujarat government announced on Saturday, 30 December, that more than 28 countries will be in attendance for the 10th edition of its Vibrant Gujarat Global Summit 2024, which is scheduled to take place from 10-12 January 2024. The event in Gandhinagar which serves as a platform for business leaders and investors, is expected to see… Continue reading Gujarat gears up for 10th Vibrant Gujarat Global Summit 2024