Sales of sport utility vehicles, motorcycles and scooters in the local market increased in healthy double digits in February, on the back of improved supplies and sustained consumer demand. Sales of commercial vehicles and tractors though remained muted, on a high base and amid a cyclical slowdown in demand. As per industry estimates, passenger vehicle … Read more
Indian auto industry is set to invest up to $7 billion, or about Rs 58,000 crore, by FY28 to deepen localisation of advanced components from electric motors to automatic transmissions to reduce imports and capitalise on multinationals’ ‘China Plus One’ sourcing strategy. Automakers and their suppliers are likely to make this investment between FY24 and … Read more
Passenger vehicle makers in February are estimated to dispatch 360,000 units to their dealers, the highest ever for February in any year. Sustained demand, coupled with new model launches, is likely to notch up sales by 8% year-on-year, as per industry estimates. It would be the first time in seven years when February will see … Read more
