automobile industry: Sales data of July reflects a positive outlook for the Indian automobile industry: SIAM

automobile industry: Sales data of July reflects a positive outlook for the Indian automobile industry: SIAM

Passenger vehicle sales in July stood at 3,41,510 units, according to data released by the Society of Indian Automobile Manufacturers (SIAM) on Wednesday. Three-wheeler sales in the same month were 59,073 units, while two-wheeler sales totalled 14,41,694 units, the data showed. In June, total passenger vehicle sales were recorded at 3,37,757 units, compared to 3,27,788 … Read more

Hero MotoCorp: Hero MotoCorp joins ONDC to provide accessible digital mode to customers

Hero MotoCorp: Hero MotoCorp joins ONDC to provide accessible digital mode to customers

New Delhi: Two-wheeler major Hero MotoCorp on Monday said it has joined the Open Network for Digital Commerce (ONDC) to enhance reach and convenience and provide an easily accessible digital mode to customers. The open network will initially offer two-wheeler parts, accessories and merchandise. Customers can easily discover ‘Hero Genuine Parts’ by using any buyer … Read more

TVS motor auto sales: TVS Motor posts 25% increase in sales in April over corresponding period last year

TVS motor auto sales: TVS Motor posts 25% increase in sales in April over corresponding period last year

TVS Motor, which manufactures two-wheeler and three-wheeler vehicles, has registered a 25 per cent growth in sales in April, having sold 3,83,615 units this year compared to 3,06,224 units during the same month last year, the company said on Wednesday. Sales of total two-wheelers made in April this year went up by 27 per cent … Read more

Minda Corporation rolls out one million two-wheeler smart keyless system

Minda Corporation rolls out one million two-wheeler smart keyless system

Minda Corporation Limited, the flagship company of Spark Minda, Friday said it has rolled out one million two-wheeler smart keyless system. The smart keyless system has been designed & developed at the Smart Minda Technical Centre. Ashok Minda, Group Chief Executive Officer at Spark Minda, said, “As a technology-driven brand, Spark Minda continually pushes boundaries … Read more

FADA: Auto retails jump 21% in December; CY23 growth in double digits: FADA

FADA: Auto retails jump 21% in December; CY23 growth in double digits: FADA

Automobile retail sales saw a growth of 21 per cent year-on-year in the month of December, Federation of Automobile Dealers Associations (FADA) data showed on Monday. All sectors experienced favourable expansion, showcasing robust performance. Notably, two-wheeler (2W) sales surged by 28 per cent, three-wheeler (3W) sales demonstrated a growth of 36 per cent, and passenger … Read more

Mahindra and Mahindra, others to invest $105 mln in two-wheeler unit

Mahindra and Mahindra, others to invest 5 mln in two-wheeler unit

Indian automaker Mahindra and Mahindra said on Wednesday that the company, along with external investors, will spend 8.75 billion rupees ($105 million) in its two-wheeler unit, Classic Legends, over the next two to three years. The ‘Scorpio’ car manufacturer, will invest 5.25 billion and the remaining will come from existing shareholders and new investors, Mahindra … Read more