Election uncertainty dampens auto sales: FADA

[ad_1] Improved vehicle supply and strategic planning in the two-wheeler (2W) segment have led to an increase in customer bookings and favourable crop yields have improved market sentiment, the Federation of Automobile Dealers Associations (FADA) said on Wednesday. In the...

Indian automobile industry records 12.5% growth in FY24

[ad_1] The Indian automobile industry posted a satisfactory performance, with the domestic industry growing by 12.5 per cent during the last financial year (FY24) to 2,38,53,463 units compared with 2,12,04,846 in the previous year, Society of Indian Automobile Manufacturers (SIAM)...

Finmin sets timeline to scrap vehicles under new guidelines; to benefit auto cos like Maruti Suzuki, Tata Motors

[ad_1] The Finance Ministry has fixed a timeline for scrapping various types of vehicles and placing fresh orders. This is a part of new guidelines to write off losses under revised Delegation of Financial Power Rules (DOFR). These rules have...

Finmin sets vehicle condemnation, scrappage timeline; to benefit auto cos like Maruti Suzuki, Tata Motors

[ad_1] The Finance Ministry has fixed a timeline for scrapping various types of vehicles and placing fresh orders. This is a part of new guidelines to write off losses under revised Delegation of Financial Power Rules (DOFR). These rules have...

‘Buoyant Bharat’ boosts passenger vehicle & two-wheeler sales growth in February

[ad_1] February 2024 witnessed passenger vehicles and two-wheelers stay in the positive growth lane, while commercial vehicles and tractors reported a decline in volumes.In the passenger vehicle (PV) segment, most of the players such as Maruti, Hyundai, Tata, Mahindra, Toyota...