JK Tyres & Industries stated on Tuesday that the industry is anticipated to increase at a double-digit rate due to a rebound in demand for compact automobiles and two-wheelers in India during the past two years. “The last couple of years back, when the auto sector was experiencing a slight slowdown because of Covid, the…
Due to the high demand for both passenger cars and two-wheelers, retail sales of autos in India climbed by a double-digit percentage in February compared to the same month last year, according to the automobile dealers’ group FADA. Total registrations across segments increased by 16% year-on-year to 17,75,424 units last month, as compared to 15,31,196…
Improved semiconductor supply and new launches in the last few months led to growth in automobile sales in July, not only in the passenger vehicle (PV) segment but also in the two-wheeler and commercial vehicle segments. Some companies recorded one of the highest monthly sales in July post-Covid restrictions and some reported highestever monthly sales…
In the first quarter of FY23, as many as 72,474 EVs were registered in the country in June, according to the data available on the Vahan portal. This is a 547% jump, compared to the June 2021 figures. In fact, the first quarter of the current fiscal (Q1 FY23) saw the most number of Electrical…
Leading two and three wheeler producers, TVS Motor Company, plans a ‘product offensive’ strategy and strong success story on the export front in FY23 even as it is cautiously optimistic about the growth outlook. “The company will launch additional products, including electric vehicles with outstanding technologies,” Ralf Dieter Speth, Chairman, TVS Motor, said at the…
The reduction in petrol prices on account of excise duty cut by the Central government is expected to provide a much needed break for the two wheeler segment. While the rural economy is showing signs of improvement, petrol price reduction, along with the opening up of schools and colleges, should forecaster well for two wheeler…
March month Two-wheeler sales down by 21% year-on-year (y-o-y) to 11,84,210 units, while it was 14,96,806 units in corresponding month last year, and fiscal year (FY) wise, 2021-22 was the lowest in last ten years. On fiscal year basis, sales of two wheelers down 11% to 1,34,66,412 units in 2021-22 and it was 1,51,20,783 units…
