Toyota operates locally in a joint venture with the Kirloskar Group as Toyota Kirloskar Motor (TKM). It had reported its highest sales at 1,72,241 units in 2012. During the month of December 2022, TKM sold 10,421 units compared with 10,834 units sold in December 2021.
According to data on the government's Vahan website, about 9,89,000 EVs have been registered with regional transport offices till Thursday. The numbers already show a more than three-fold increase from 2021. The numbers do not include data from Telangana.
A total of 115 companies had filed their application under the PLI scheme. The scheme and its guidelines were notified on September 23, 2021. Apart from Indian business groups, approved applicants under the PLI scheme include groups from countries such as the Republic of Korea, the US, Japan, France, Italy, the UK, and the Netherlands.
The pre-owned car market in India has been gradually gaining ground. In recent years, the advent of online marketplaces, which are involved in buying and selling of pre-owned vehicles has further given a boost to this market.
Utilizing your smartphone or even your smartwatch, you can track the vehicle thanks to the Suzuki Connect Advanced Telematics Technology. The air conditioning can also be turned on and started remotely from your smartphone or smartwatch so that your XL6 is comfortable inside when you get in.
Toyota Motor Corp reported on Monday a 1.5% rise in November global vehicle output, reaching a new record of 833,104. Domestic production slid 3.3% to 266,174 vehicles, while overseas output rose 3.8% to an all-time high of 566,930 for the month.
Automakers are keeping an eye on potential dampeners such as a persistent high inflation, price increase on the back of regulatory changes and higher borrowing costs, notwithstanding a robust order book of nearly 750,000 units of passenger vehicles (PVs) as on November 30, said industry executives.
The company had introduced the auto gear shift (AGS) technology that relieves drivers from manually changing gears using the clutch, for the first time in 2013-14 on its hatchback Celerio. It has cumulatively sold 7.74 lakh units of such vehicles across its portfolio so far.
Complaints were made against 12 electric vehicle and parts manufacturers, including Avon Cycles, for violating guidelines under the Rs 10000 crore ($1.21 billion) programme, Minister for Heavy Industries Mahendra Nath Pandey told parliament on Tuesday.
During the period, exports of components grew by 8.6 per cent to USD 10.1 billion (Rs 79.03 lakh crore), while imports climbed 17.2 per cent to USD 10.1 billion (Rs 79.8 lakh crore), Automotive Component Manufacturers Association of India (ACMA) said.
Bajaj has launched the Platina 110 - with an anti-lock braking system - making it the first 110 cc bike in the country to have the safety feature. Here all you need to know about this fabulous beast:
Driving this trend is the softening of demand in certain car segments and fuel types. To shore up sales, most carmakers are offering discounts between 4.5% and 5% on their vehicles this month compared with 2-2.5% two years ago.
Ducati India announces an increase in price on its entire motorcycle range to be effective on ex-showroom price from January 1, 2023, the luxury bike maker said in a statement.
Wholesale numbers for passenger vehicles crossed the 300,000-mark for the sixth straight month this year in November, taking the cumulative tally to more than 2 million units for the first time in a six-month period.
While the passenger vehicles (PV) segment is set for record sales in 2022 despite the lingering effects of supply chain constraints and semiconductor shortages, the two-wheeler space is yet to see sustained sales buoyancy after having suffered for most of the year.
India's automobile industry will be welcoming 2023 with hopes for a sustained growth momentum amid rising interest rates and cost increases due to new safety norms and guidelines. It will further be embracing clean technology after having witnessed a strong comeback from the Covid-led downturn this year.
This shift from bullock to tractor happened at a time when the population of male cattle fell to 47.4 million in the 2019 livestock census, a drop of 30% from the previous census of 2012.
Other carmakers including Maruti Suzuki, Hyundai, Tata Motors, Mercedes-Benz, Audi, Renault, Kia India and MG Motor have also made the year-end announcements to hike prices from the next month.
Over the years, luxury car companies have remained positive on India because of the constant demand for such wheels among India's dollar-millionaires and billionaires.
At Maruti Suzuki, dispatches of the Alto small car - a top seller in rural India - rose 42.5% to 61,767 units in the three months through November.
The worldwide shift towards electrification and autonomous vehicles is driving demand for software engineers, a largely untapped category for car makers until now.
"For us, we believe it (sales momentum) will carry on for sure. We got fantastic products coming next year as well. We are starting with eight big launches with three being super big products, so I am very confident. We will grow in a very strong way in 2023 as well," BMW Group India President Vikram Pawah said.
Traditionally, December is one of the best months for picking up a bargain. However, this year, incentives are on select models, with a few having the same incentive as November and many models with no discounts, according to data collated by Jato Dynamics.
"Both these SUVs are highly versatile, spacious and ideal for large nuclear families requiring extra space and a pair of seats, for the pre-teens or even pets," Mercedes-Benz India Managing Director & CEO Martin Schwenk said in a statement.
India is unlikely to link the likely subsidy for battery swapping to adherence of standards, to be announced soon. Existing electric vehicle manufacturers are opposed to homogenous swapping standard.
Total sales in the domestic market stood at 1,52,716, down 4 per cent from 1,58,755 units in the same month last year, the company said in a regulatory filing.