Total sales increased 15%; best January ever Electrified sales up 41%; HEV sales jump 74%; EV sales Increased 15% Best January ever model results for IONIQ 5, IONIQ 6, Tucson HEV, and Santa Fe HEV FOUNTAIN VALLEY, Calif., Feb. 1, 2025 /PRNewswire/ — Hyundai Motor America reported record-breaking total January sales of 54,503 units, a… Continue reading Hyundai Motor America Reports Record-Breaking January 2025 Sales
Tag: Hyundai
BUDGET 2025: Auto, battery makers’ stocks rally on rural push and EV Incentives
Shares of most automobile and battery manufacturing companies closed higher today, after Finance Minister Nirmala Sitharaman announced a slew of measures to drive the rural economy, and accelerate electric vehicle adoption in the country. The Nifty Auto index ended 1.9% higher at 23,305.45 level. In intraday trade, the index had gained by 2.9%. Of the… Continue reading BUDGET 2025: Auto, battery makers’ stocks rally on rural push and EV Incentives
BUDGET 2025: Auto, battery makers’ stocks rally on rural push and EV Incentives
Shares of most automobile and battery manufacturing companies closed higher today, after Finance Minister Nirmala Sitharaman announced a slew of measures to drive the rural economy, and accelerate electric vehicle adoption in the country. The Nifty Auto index ended 1.9% higher at 23,305.45 level. In intraday trade, the index had gained by 2.9%. Of the… Continue reading BUDGET 2025: Auto, battery makers’ stocks rally on rural push and EV Incentives
BUDGET 2025: PLI Auto scheme gets Rs 2,819 crore in FY26
The government has allocated Rs 2,819 crore for the production-linked incentive (PLI) scheme for automobile and auto components in the financial year 2026, as per the union budget presented today. The government had initially allocated a much larger amount of Rs 3,500 for the scheme in the financial year 2025 . However, revised budget estimate… Continue reading BUDGET 2025: PLI Auto scheme gets Rs 2,819 crore in FY26
BUDGET 2025: PLI Auto scheme gets Rs 2,819 crore in FY26
The government has allocated Rs 2,819 crore for the production-linked incentive (PLI) scheme for automobile and auto components in the financial year 2026, as per the union budget presented today. The government had initially allocated a much larger amount of Rs 3,500 for the scheme in the financial year 2025 . However, revised budget estimate… Continue reading BUDGET 2025: PLI Auto scheme gets Rs 2,819 crore in FY26
Tata Motors sells 48,076 cars and SUVs in January, EV sales down 25%
Tata Motors has announced wholesales of 48,076 passenger vehicles in January 2025, down 10% year on year (January 2024: 53,633 units). This includes 5,240 electric vehicles, whose sales are down 25% YoY (January 2024: 6,979 EVs). The company, which retails eight passenger vehicles – Altroz, Tigor, Tiago, Nexon, Punch, Harrier, the Safari and the Curvv… Continue reading Tata Motors sells 48,076 cars and SUVs in January, EV sales down 25%
Budget 2025: Income tax relief expected to boost demand in entry-level auto segments
In the Budget 2025, Finance Minister Nirmala Sitharaman announced that individuals earning up to Rs 12 lakh annually—and up to Rs 12.75 lakh for salaried taxpayers factoring in the standard deduction of Rs 75,000—will be exempt from income tax under the new tax regime, subject to tax rebates. In a major relief for middle-class taxpayers,… Continue reading Budget 2025: Income tax relief expected to boost demand in entry-level auto segments
Budget 2025: Income tax relief expected to boost demand in entry-level auto segments
In the Budget 2025, Finance Minister Nirmala Sitharaman announced that individuals earning up to Rs 12 lakh annually—and up to Rs 12.75 lakh for salaried taxpayers factoring in the standard deduction of Rs 75,000—will be exempt from income tax under the new tax regime, subject to tax rebates. In a major relief for middle-class taxpayers,… Continue reading Budget 2025: Income tax relief expected to boost demand in entry-level auto segments
KIA AMERICA EXTENDS GROWTH INTO 2025 WITH BEST-EVER JANUARY SALES
57,007 total units marks a 12-percent increase compared to the same period last year and sets a new record for the highest sales in January Forte/K4, EV6, Carnival, Telluride, and Sportage achieved record sales for January IRVINE, Calif., Feb. 1, 2025 /PRNewswire/ — Kia America opened 2025 with the highest January sales in company history… Continue reading KIA AMERICA EXTENDS GROWTH INTO 2025 WITH BEST-EVER JANUARY SALES
Kia launches new SUV Syros in India, starting at ₹8.99 lakh
Kia India introduced its latest SUV, the Syros, in New Delhi today, positioning it between the mid and compact SUV segments. The vehicle, launched at a starting price of ₹8.99 lakh, features over-the-air software updates and Level 2 Advanced Driver Assistance Systems (ADAS). The Syros comes with two engine options: a 1.0-liter turbo petrol engine… Continue reading Kia launches new SUV Syros in India, starting at ₹8.99 lakh