Tesla Inc. shares are set to mark their best-ever start to a year, buoyed by price cuts across the electric-vehicle maker’s lineup in a bid to boost sales. Investors will soon discover if all the enthusiasm was justified. The Elon Musk-led carmaker is expected to announce quarterly delivery and production figures in early April, providing… Continue reading Price cuts driving surging demand for Tesla models, company shares
Category: US Motoring Press
Europe’s embryonic lithium mining industry digs deeper to meet demand
For 47 years, a chemicals producer in London’s commuter belt has been running a small lithium refinery that’s the only one of its kind in Europe. Now Leverton Lithium is expanding as the rush to secure supplies of the key battery metal intensifies. The pivotal role of lithium-ion batteries in the electric-vehicle revolution is driving… Continue reading Europe’s embryonic lithium mining industry digs deeper to meet demand
EPA approves California rules phasing out diesel trucks
Sacramento, Calif. – The Biden administration cleared the way Friday for California’s plan to phase out a wide range of diesel-powered trucks, part of the state’s efforts to drastically cut planet-warming emissions and improve air quality in heavy-traffic areas like ports along the coast. The decision by the U.S. Environmental Protection Agency allows California to… Continue reading EPA approves California rules phasing out diesel trucks
Toyota Kirloskar Motor records best-ever sales in a decade: 174,015 units in FY2023
Toyota Kirloskar Motor records best-ever sales in a decade: 174,015 units in FY2023 FY2023 is turning out to be a block-buster fiscal for a number of car manufacturers in India. Toyota Kirloskar Motor has announced total sales of 174,015 units in FY2023, which constitutes 41% year-on-year growth (FY2022: 123,770 units). The fiscal year-ending month of… Continue reading Toyota Kirloskar Motor records best-ever sales in a decade: 174,015 units in FY2023
Hero MotoCorp sells 519,342 units in March 2023
Capping off the FY’23 on a positive note, Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, sold 519,342 units in March 2023, translating into a double-digit growth of 15 percent over the corresponding month of 2022, when it had sold 450,154 two-wheelers. Riding on the positive demand for its popular two-wheelers in the… Continue reading Hero MotoCorp sells 519,342 units in March 2023
Tata Motors surpasses half-a-million sales in FY2023, improves upon CY2022 performance
Tata Motors surpasses half-a-million sales in FY2023, improves upon CY2022 performance Tata Motors has done an encore. Having clocked half-a-million wholesales in the domestic market in CY2022 – 526,789 units and 59% YoY growth – which was its best-ever performance in a calendar year, the carmaker has now gone ahead and bettered that in FY2023.… Continue reading Tata Motors surpasses half-a-million sales in FY2023, improves upon CY2022 performance
Royal Enfield records total sales of 8,34,895 motorcycles, highest ever overall sales in history
Royal Enfield records total sales of 8,34,895 motorcycles, highest ever overall sales in history Royal Enfield today announced its sales for the month of March 2023 which stood at 72,235 motorcycles as against 67,677 motorcycles sold during the same period last year. For the financial year ended March 2023, Royal Enfield recorded total sales of… Continue reading Royal Enfield records total sales of 8,34,895 motorcycles, highest ever overall sales in history
Indian passenger vehicle market posts 26.7% growth to 3.88 million units, market growth to slip to 5-7% in FY24
Indian passenger vehicle market posts 26.7% growth to 3.88 million units, market growth to slip to 5-7% in FY24 The Indian passenger vehicle (PV) market has ended an impressive financial year FY23 with annual sales of 3.89 million units, posting a year-on-year growth of 26.7 percent (FY22: 3.07 million) – the highest-ever annual growth in… Continue reading Indian passenger vehicle market posts 26.7% growth to 3.88 million units, market growth to slip to 5-7% in FY24
TVS Motor Company’s March 2023 sales register 3% growth; 22% growth in domestic sales
TVS Motor Company’s March 2023 sales register 3% growth; 22% growth in domestic sales TVS Motor Company registered a growth of 3 percent with sales increasing from 307,954 units in the month of March 2022 to 317,152 units in March 2023. Two-Wheeler Total two-wheelers registered a growth of 5 percent with sales increasing from 292,918 units… Continue reading TVS Motor Company’s March 2023 sales register 3% growth; 22% growth in domestic sales
Maruti Suzuki sells 1.6m PVs in FY2023, UVs record 26% growth, grow share to 23%
Maruti Suzuki India, the country’s passenger vehicle market leader, has reported total sales of 16,06,870 units or 1.6 million units, which marks a 21% year-on-year increase (FY2022: 13,31,558). The company would have logged additional sales if it weren’t for production being intermittently disrupted during the fiscal due to supply chain issues specific to electronic components.… Continue reading Maruti Suzuki sells 1.6m PVs in FY2023, UVs record 26% growth, grow share to 23%