Chennai-based commercial vehicle (CV) manufacturer, Ashok Leyland, clocked sales of 16,451 units in February 2024, registering a 6 percent year-on-year de-growth (February 2023: 17,578). M&HCVs comprised nearly 65 percent of the company’s total volumes, and their cumulative sales were pegged at 10,744 units (February 2023: 11,767 / -9%). Within M&HCVs, whereas the M&HCV trucks registered… Continue reading Ashok Leyland February sales volumes decline 6% to 16,451 units
Category: US Motoring Press
Hyundai clocks 50,701 units in February, new Creta achieves best-ever monthly sales
After hitting best-ever domestic market monthly sales of 57,118 units in January 2024, Hyundai Motor India has reported February 2024 numbers of 50,201 units, up 7% year on year (February 2023: 47,001 units) but down 12% month on month. Demand for the company’s overall passenger vehicle range continues to be powered by the Creta midsize… Continue reading Hyundai clocks 50,701 units in February, new Creta achieves best-ever monthly sales
Tata Motors sells over 50,000 cars for second month in a row in February
Tata Motors has followed up its best-ever monthly sales performance in January 2024 (53,633 units) with wholesale dispatches of 51,267 units in February 2024, up 20% YoY (February 2023: 42,862 units). This marks the second month in a row that the carmaker has clocked sales of over 50,000 units and includes 6,923 EVs, up 30%… Continue reading Tata Motors sells over 50,000 cars for second month in a row in February
CG Power, Renesas, and Stars Microelectronics collaborate to establish semiconductor assembly and test facility in India
The joint venture, majority-owned by CG, plans to invest Rs 7,600 crores over five years, with funding sourced from subsidies, equity, and potential bank borrowings. In a significant development for India’s semiconductor industry, CG Power and Industrial Solutions Limited (CG), Renesas Electronics Corporation (Renesas), and Stars Microelectronics (Thailand) Public Co. Ltd (Stars Microelectronics) have joined… Continue reading CG Power, Renesas, and Stars Microelectronics collaborate to establish semiconductor assembly and test facility in India
Royal Enfield posts 6% YoY growth in February wholesales
Royal Enfield recorded 6 percent on-year growth in its February sales as the two-wheeler maker continues to witness an uptick in rural and international markets. The automaker dispatched a total of 75,935 two-wheelers during the month, against 71,544 units in the same month the previous year. About 90 percent of the Royal Enfield sales come… Continue reading Royal Enfield posts 6% YoY growth in February wholesales
Qualcomm Technologies and C-DOT partner to augment growth of indigenous telecom products
The Centre for Development of Telematics (C-DOT) has announced plans to partner with Qualcomm Technologies to support India-based developers and start-ups working on innovative products and use cases. The Centre for Development of Telematics is a public funded research institution focused on telecom technology by the Government of India. This announcement was made at the just concluded… Continue reading Qualcomm Technologies and C-DOT partner to augment growth of indigenous telecom products
Mahindra & Mahindra SUV sales jump 40% in February to 42,401 units
With SUVs accounting for over 55% of total passenger vehicle sales in India in the current fiscal year, Mahindra & Mahindra is making the most of the sustained and surging wave of consumer demand for this vehicle type. In February 2024, the Mumbai-based auto major sold a total of 42,401 units, which makes for robust… Continue reading Mahindra & Mahindra SUV sales jump 40% in February to 42,401 units
Servotech secures orders for 1,400 EV chargers worth Rs 111 crore
Servotech Power Systems Ltd., a frontrunner in the Indian EV charger manufacturing sector, has secured orders for 1,400 DC fast EV chargers from Indian Oil Corporation Limited (IOCL) and various EV charger Original Equipment Manufacturers (OEMs), with the orders valued at Rs 111 crore. This development follows recent orders of 1,500 and 1,800 DC fast… Continue reading Servotech secures orders for 1,400 EV chargers worth Rs 111 crore
Bajaj Auto’s February sales grow 24% YoY; Domestic two-wheeler sales up 45%
Bajaj Auto today reported a 24% on-year growth in its total sales during February, primarily driven by strong double-digit improvement in domestic two-wheeler despatches. The Pune-based automaker sold a total of 346,662 vehicles in the month, versus 280,226 vehicles in the year-ago period. Total two-wheeler sales rose 25% on year to 294,684 units, while commercial… Continue reading Bajaj Auto’s February sales grow 24% YoY; Domestic two-wheeler sales up 45%
Bajaj Auto’s February sales grow 24% YoY; Domestic two-wheeler sales up 45%
Bajaj Auto today reported a 24% on-year growth in its total sales during February, primarily driven by strong double-digit improvement in domestic two-wheeler despatches. The Pune-based automaker sold a total of 346,662 vehicles in the month, versus 280,226 vehicles in the year-ago period. Total two-wheeler sales rose 25% on year to 294,684 units, while commercial… Continue reading Bajaj Auto’s February sales grow 24% YoY; Domestic two-wheeler sales up 45%