When Ford Motor Company, leading American multinational automobile manufacturer, exited India in 2021 it said the decision was part of its global restructuring programme but the move raised concerns in some quarters about the country’s business environment and its car market. Many questioned India’s automotive growth story. However, the runaway success of smaller brands such … Read more
Hyundai, which plans to raise Rs 25,000 crore through the Indian stock market by selling a 17% equity stake in local unit, has raised concerns about the “frequent changes” in government policy, stating that such moves can impact both investment flows into India and the speed of technological advancements. Having invested nearly Rs 30,000 crore … Read more
The Bombay High Court has quashed a circular issued by Maharashtra’s transport commissioner imposing certain conditions while deciding on applications for registration of vehicles under the BH series. A division bench of Justices Girish Kulkarni and Firdosh Pooniwalla, in its judgment on April 12, said the circular was issued “without any authority and, hence, flawed … Read more
Toyota Kirloskar Motor on Monday reported its highest-ever monthly wholesales at 27,180 units in March. The company’s total dispatches to dealers increased 25 per cent last month to 22,910 units as compared with 21,783 units in March 2023. For the 2023-24 fiscal the company reported the highest-ever wholesales of 2,63,512 units, an increase of 48 … Read more
As per data collated by Federation of Automobile Dealers Association (FADA) from the VAHAN portal of the Ministry of Road, Transport and Highways (MoRTH) as many as 2,127,653 vehicles were registered last month, compared to 1,849,691 units in the same period last year. With rural markets on a recovery mode, vehicle retailers are optimistic of … Read more
India’s passenger vehicle market, valued at Rs 4.5 lakh crore, has been outpacing volume growth. It has just passed a milestone as annual volumes of cars, sedans and utility vehicles breached the four million mark for the first time in 2023. As per industry estimates, about 4.1 million passenger vehicles were sold in the local … Read more
