Tractor and construction machinery major Escorts Kubota’s domestic sales in June remained flat at 9,270 units. The company had posted domestic sales of 9,265 units in the same month a year ago, as per a company release. The Faridabad-based company’s total sales (domestic plus exports) dropped by 2 percent to 9,850 units last month as… Continue reading Escorts Kubota domestic tractor sales remain flat in June at 9,850 units
Category: US Motoring Press
MG Motor India sells 5,125 SUVs and EVsin June 2023, records 40% growth in Q2 2023
MG Motor India has reported retail sales of 5,125 units, which represents 14% year-on-year growth (June 2022: 4,504 units) and a marginal 2.39% increase over May 2023’s 5,006 units. While the cumulative April-June 2023 sales of 14,682 units are a sizeable year-on-year increase (Q2 CY2022: 10,520 units), Q2 CY2023 sales are up 2.25% on Q1… Continue reading MG Motor India sells 5,125 SUVs and EVsin June 2023, records 40% growth in Q2 2023
‘Vietnam is a promising market for Indian ICE and EV components’: ACMA’s Vinnie Mehta
The vehicle market in Vietnam, the gateway to Southeast Asia, is slated to grow at a CAGR of 25% and demand for EVs, particularly two- and three-wheelers, continues to soar. Reason enough for Indian suppliers to tap into the opportunity, says the Director General of the Automotive Component Manufacturers Association of India, in an email… Continue reading ‘Vietnam is a promising market for Indian ICE and EV components’: ACMA’s Vinnie Mehta
Electric two-wheeler sales hit 11-month low of 45,734 units in June
The retail sales numbers for the Indian electric two-wheeler industry for June 2023 are out – 45,734 units. This statistic is as per the government’s Vahan website as of 7am today (July 1) and should increase marginally as additional new EV registrations from across the country are factored in. Following the industry’s best-ever performance in… Continue reading Electric two-wheeler sales hit 11-month low of 45,734 units in June
Electric two-wheeler sales hit 11-month low of 45,734 units in June
The retail sales numbers for the Indian electric two-wheeler industry for June 2023 are out – 45,734 units. This statistic is as per the government’s Vahan website as of 7am today (July 1) and should increase marginally as additional new EV registrations from across the country are factored in. Following the industry’s best-ever performance in… Continue reading Electric two-wheeler sales hit 11-month low of 45,734 units in June
Stellantis invests in Norway nickel, cobalt mining project
The maker of Chrysler, Dodge, Jeep and Ram vehicles has taken a nearly 20% shareholding in a nickel and cobalt supplier in Norway as part of efforts to strengthen its electric-vehicle battery supply chain. The binding agreement, which is subject to closing conditions and is the latest minerals agreement for Stellantis NV, secures a 35%… Continue reading Stellantis invests in Norway nickel, cobalt mining project
General Motors acquires Israeli battery software startup
General Motors Co. has acquired Israel-based battery software startup ALGOLiON Ltd. for an undisclosed amount, the Detroit automaker said in a news release Friday. ALGOLiON was founded in 2014 and received early support from the Israeli Innovation Authority, the support arm of the Israeli government, according to the release. The startup’s software uses data from… Continue reading General Motors acquires Israeli battery software startup
UAW’s legal team overhaul continues as Fain copes with federal investigations
Detroit — United Auto Workers President Shawn Fain dumped attorneys from a Chicago law firm that was paid more than $3.2 million to handle the union’s response to a landmark federal corruption investigation after firing UAW General Counsel Abigail Carter and two members of the union’s legal team. Attorneys from Cotsirilos, Tighe, Streicker, Poulos &… Continue reading UAW’s legal team overhaul continues as Fain copes with federal investigations
Hero MotoCorp to hike prices of motorcycles and scooters from July 3
Hero MotoCorp will make an upward revision in the ex-showroom prices of its motorcycles and scooters, effective from July 3, 2023. The company said that the price increase will be around 1.5% and the exact quantum of the increase will vary for specific models and markets. The upward revision of the prices of motorcycles and… Continue reading Hero MotoCorp to hike prices of motorcycles and scooters from July 3
Alfa Romeo EVs to switch to retro-inspired aero look
Alfa Romeo has given its biggest hint yet about the visual character of its next-generation all-electric line-up, the first model of which is set to arrive in 2024 as a compact SUV. Alfa design boss Alejandro Mesonero-Romanos has revealed that his team has taken inspiration from his predecessors of the 1960s, and the ‘Coda Tronca’ –… Continue reading Alfa Romeo EVs to switch to retro-inspired aero look