CNG car sales scale new high in India, jump 41% in FY2023

Sales of CNG-powered passenger vehicles (PVs) in the just-ended FY2023 have surged by 40.71% year on year to 318,752 units (FY2022: 226,547 units), accounting for 8.80% of overall retail sales of 36,20,039 PVs in India. This also means CNG car and utility vehicle sales have scaled a new high in the domestic market, surpassing the… Continue reading CNG car sales scale new high in India, jump 41% in FY2023

Global Electric Scooters Market Report 2023: Sector to Reach $78.65 Billion by 2030 at a CAGR of 9.9%

DUBLIN, April 6, 2023 /PRNewswire/ — The “Electric Scooters Market Size, Share & Trends Analysis Report By Battery (Lithium-ion, Lead-acid), By Drive Type (Belt Drive, Hub Motor), By End-use (Personal, Commercial), By Region, And Segment Forecasts, 2023 – 2030” report has been added to  ResearchAndMarkets.com’s offering. The global electric scooters market size is expected to reach… Continue reading Global Electric Scooters Market Report 2023: Sector to Reach $78.65 Billion by 2030 at a CAGR of 9.9%

Tesla is 2023’s most valuable auto brand, 8 Indian OEMs in Top 100

Elon Musk’s Tesla has jumped two places, going ahead of Mercedes-Benz and Toyota, to become the world’s most valuable automobile brand, now valued at US$ 66.2 billion. This revelation comes from the latest edition of ‘Auto 100’, the annual comprehensive study on the most valuable and strongest automobile brands produced by leading brand valuation consultancy,… Continue reading Tesla is 2023’s most valuable auto brand, 8 Indian OEMs in Top 100

Maruti Suzuki Alto K10 earns 2-star GNCAP safety rating

The new Maruti Suzuki Alto K10 has just been crash tested by Global NCAP, and it has come away with a 2-star safety rating for adult protection and 0-star rating for child occupant protection. This is among the first set of crash tests conducted by Global NCAP this year, which also includes the Maruti Wagon R and the duo… Continue reading Maruti Suzuki Alto K10 earns 2-star GNCAP safety rating

Maruti Suzuki Wagon R recieves 1 star in 2023 Global NCAP crash test

The latest set of Global NCAP crash tests has revealed that the Maruti Suzuki Wagon R has scored 1 star for adult crash rating and 0 stars for child safety. The Wagon R was previously tested in 2019 and it received 2 stars. However, this was under less stringent testing parameters compared to 2023, which is why there is… Continue reading Maruti Suzuki Wagon R recieves 1 star in 2023 Global NCAP crash test

Suzuki Motorcycle India appoints Kenichi Umeda as Managing Director

Suzuki Motorcycle India, the two-wheeler subsidiary of Suzuki Motor Corporation (SMC) has announced the appointment of Kenichi Umeda as the new Managing Director of the company. Umeda succeeds Satoshi Uchida, who has completed his term as the Managing Director of the company. Umeda brings with him over 27 years of industry experience across variousglobal markets.… Continue reading Suzuki Motorcycle India appoints Kenichi Umeda as Managing Director

India auto retail on a roll in FY2023: PVs, CVs, 2- and 3-wheelers clock double-digit growth

India auto retail on a roll in FY2023: PVs, CVs, 2- and 3-wheelers clock double-digit growth The Indian automobile industry has marched into FY2024 with a robust on-ground retail performance in March 2023 and in turn FY2024. As per data released by apex automobile dealer body FADA for five vehicle categories, retail sales of 20,41,847… Continue reading India auto retail on a roll in FY2023: PVs, CVs, 2- and 3-wheelers clock double-digit growth

Auto sales point to distress in rural India even before El Nino arrives

Select segments like two-wheelers and tractors will be key monitorable in the coming months, with the IMD predicting above-normal temperatures from April to June across most parts of India. Two-wheeler sales in FY23 fell to a seven-year low and tractors saw the slowest growth pace among all peers, reflecting inflation’s adverse impacts on rural India… Continue reading Auto sales point to distress in rural India even before El Nino arrives

Car and SUV sales accelerate to 3.88m units in FY2023, five OEMs clock best-ever fiscal figures

Car and SUV sales accelerate to 3.88m units in FY2023, five OEMs clock best-ever fiscal figures India Passenger Vehicle Inc has just gone and upped the sales bar for the industry. Three months after it clocked near-3.8 million units (37,92,356) in CY2022, FY2023’s 12-month domestic market sales are expected to surpass that by another 90,000-odd… Continue reading Car and SUV sales accelerate to 3.88m units in FY2023, five OEMs clock best-ever fiscal figures

All-terrain vehicle market size to grow by USD 1,660.92 million between 2022 and 2027; Growth driven by the growing use of ATVs in recreational, sports, and military applications – Technavio

NEW YORK, April 3, 2023 /PRNewswire/ — The all-terrain vehicle market size is forecast to increase by USD 1,660.92 million from 2022 to 2027, at a CAGR of 7.59%, according to the recent market study by Technavio. The growth of the market will be driven by the growing use of ATVs in recreational, sports, and military applications;… Continue reading All-terrain vehicle market size to grow by USD 1,660.92 million between 2022 and 2027; Growth driven by the growing use of ATVs in recreational, sports, and military applications – Technavio