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Automobile retail sales soar to record high
Overall automobile sales rose 19% to 37,93,584 units in the 42-day festive period this year, says FADA
FADA urges for ‘strict actions’ against unauthorised outlets selling...
Automobile dealers' body FADA on Tuesday said the illegal practice of unauthorised multi-brand outlets selling two-wheelers is making legitimate...
Electric 2-wheeler sales in India soar 158% in FY23
Total sales of e-two-wheelers (E2W) were at 8,46,976 units in FY23 compared to previous fiscal of 3,27,900 units
2-wheeler EV sales may miss FY23 target of 10 lakh units
According to industry body SMEV, the target shortfall could be mainly due to withholding of Rs 1,100 cr subsidy by the govt
Rapid EV adoption adversely impact forging industry: AIFI
Says govt’s focus on encouraging hybrid vehicles rather than just electric ones is essential to prevent shutting down of forging units
EV makers want standardised policy across all States
One Nation one EV Policy is the way forward
Icra expects Auto ancillary revenue to grow by 8-10% in FY23
In last fiscal year, 31 auto component companies with cumulative revenues of over Rs 1,75,000 crore had registered a 23 per cent year-on-year growth...
Despite China lockdowns, global chip shortage set to ease in H2
Since late 2021, demand-supply gaps have been shrinking, signalling an approaching end to supply tightness across the broader ecosystem
