Tata Motors on Thursday issued a clarification on an ET report that said Tata Sons is understood to be creating a holding company for Tata Motors to house its passenger car and commercial vehicle businesses that are being demerged and registered as two separate entities. The auto major said, the demerger is being done through … Read more
Magistrates in Cross River State have threatened to go on strike over lack of promotion and poor welfare. The magistrates, under the aegis of the Magistrates Association of Nigeria, Cross River State Chapter, issued a seven-day ultimatum to the Cross River State Government on Wednesday at the end of their meeting in Calabar. In a … Read more
India is looking at extending additional sops for scrapping old vehicles amid a lacklustre response from owners to the current set of incentives, according to officials aware of the move. The government has initiated a comprehensive inter-ministerial review of the registered vehicle scrapping facility (RVSF) policy to examine the issues and identify additional incentives. The … Read more
Weak consumer sentiments and above-normal rainfall dampened retail sales of passenger vehicles, two-wheelers and commercial vehicles in September, pulling the overall sales to customers down 9.26% year on year to 1,723,330 units, Federation of Automobile Dealership Associations (Fada) said on Monday. While the passenger vehicle retails have been on a decline for some months now, … Read more
NEW DELHI: Amid concerns over likely violation of data privacy due to real time tracking of vehicles fitted with device for satellite-based tolling (GNSS) on NHs, top govt officials said that the architecture is such it will ensure that the devices will capture vehicle signatures only when they enter designated stretches. This will automatically stop … Read more
Federation of Automobile Dealers Association on Thursday released the retail details for the month of August. The total growth of the industry was just 2.88 per cent YoY, with varying performance across segments. The total number of automobile sales in the country for the month of August was 18,91,499, a down from 20,34,116 in July. … Read more
Retail sales of passenger and commercial vehicles in India fell in August from a year earlier as excessive rainfall in several states weighed on consumer sentiment and economic activity, worsening woes for automakers. While passenger vehicle sales fell by 4.5% to 309,053 units, commercial vehicles slid 6.05% to 73,253 units amid weather-related disruptions and weak … Read more
New Delhi: Driven by friendly government policies, rapid urbanisation and economic growth, sales volumes of commercial vehicles (CV) have nearly recovered to the pre-Covid times, according to Girish Wagh, Executive Director of Tata Motors. Wagh, Chairman of CII-ICVC (Indian Commercial Vehicle Conclave) emphasised the transformative juncture at which India’s CV industry stands. At a recent … Read more
Sales of commercial vehicles – a barometer of economic activity – surpassed expectations last quarter driven by strong replacement demand and continued government spending on infrastructure. As per industry estimates, more than 234,000 trucks and buses were sold in the local market in the three months ended June, a 4.5% rise from 224,000 vehicles sold … Read more
Last Updated: July 01, 2024, 17:09 IST The company’s stock jumped following the release of these encouraging sales figures. In June alone, Bajaj Auto sold 3,58,477 vehicles, up 5% from June 2023’s 3,40,981 units. As July begins, the auto industry eagerly awaits the latest sales figures, and Bajaj Auto has set the tone with impressive … Read more
