Wednesday, July 5, 2023

3Ws grow 75% CV retails surpass pre-Covid levels in June: FADA

Auto retail sales in June demonstrated a 10 per cent growth, encompassing positive performances across all vehicle categories including 2W, 3W, PV, Tractor and CV with respective growth rates of 7 per cent, 75 per cent, 5 per cent, 41 per cent, and 0.5 per cent. For the first time, CV came out of the effect of Covid and grew by 1.5 per cent when compared to June’19.

from Auto-Industry-Economic Times https://ift.tt/LJ2ZFEd

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Tata AutoComp Systems to acquire 80% stake in Artifex

Tata AutoComp Systems Ltd will acquire an 80% stake in Artifex Interior Systems Ltd, part of the Jaguar Land Rover group. This move expands ...