New Delhi January 9: The volume of two-wheelers (2Ws) and tractors will grow at a compounded annual growth rate (CAGR) of 13 to 15 per cent, outpacing passenger vehicles (PVs) and trucks between financial year (FY) 2025-27, stated a report by Jefferies an investment banks and financial services company."We expect 2Ws and tractors to grow at strong 13 per cent and 15 per cent CAGR respectively over FY25-27E (FY25E: 12 per cent and 6 per cent)," says the report.The report added that the volume growth of passenger vehicles and trucks segment is expected to grow at a rate ranging from 5 to 8 per cent.
Seoul, Jan 9: Hyundai Motor Group on Thursday pledged to invest a record 24.3 trillion won ($16.6 billion) in South Korea this year to bolster future competitiveness amid uncertain global business environments.
Seoul, Jan 9: LG Energy Solution Ltd (LGES), South Korea's leading battery maker, on Thursday estimated it swung to an operating loss in the fourth quarter from a year earlier amid slowing sales of electric vehicles (EVs).
Pune, Jan 8: Automaker Mahindra on Wednesday unveiled its new manufacturing and battery assembly facility at its Chakan plant, a fully integrated ecosystem dedicated to producing electric SUVs.
New Delhi, January 7: Maruti Suzuki India Limited (MSIL), a passenger vehicle manufacturer, on Tuesday, said that the company will present a blueprint of its efforts to develop an electric ecosystem in the country called 'e For Me'.
New Delhi, Jan 7: Amid rising disposable incomes in an aspirational country, luxury car-maker BMW Group India on Tuesday said it achieved its best-ever annual car deliveries last year at 15,721 units with 11 per cent growth.
New Delhi, January 7: Retail automobile sales in India grew 9.1 per cent in 2024 to 2.61 crore units, defying multiple headwinds like extreme weather, elections, and uneven monsoons.
Seoul, Jan 6: Sales of imported cars in South Korea fell for the second straight year in 2024, while hybrid vehicles emerged as the top-selling fuel type for the first time, industry data showed on Monday.
Seoul, January 5: South Korean carmakers' domestic sales of eco-friendly cars hit a new record last year, driven by the popularity of hybrid models, data showed Sunday, Yonhap News Agency reported.
Seoul, Jan 5: South Korea's Hyundai Motor Group said on Sunday it has posted record sales in the United States in 2024, driven by the popularity of SUVs, minivans and eco-friendly models.
Seoul, Jan 5: Samsung Display, a screen-making subsidiary of Samsung Electronics, said on Sunday it will unveil a versatile lineup of foldable and organic light-emitting diode (OLED) displays at the upcoming CES 2025, aiming to expand its presence beyond smartphones into the IT and automotive sectors.
New Delhi, January 3: India's electric mobility space is "absolutely ready to fly" and there is no need for newer incentives or subsidies, Commerce Minister Piyush Goyal said Friday, after a meeting with officials from various ministries and stakeholders of the Indian EV ecosystem.
New Delhi, January 2: TVS Motor Company recorded monthly sales of 321,687 units in December 2024 with a growth of 7 per cent as against 301,898 units in the same period last year, the company said in a statement on Thursday.
New Delhi, January 2: In its journey towards electric mobility, Hyundai Motor India Limited (HMIL) has unveiled the highly anticipated Hyundai CRETA Electric. Hyundai is offering the CRETA Electric in four variants--Executive, Smart, Premium, and Excellence--along with eight monotone and two dual-tone colour options, including three matte finishes.
New Delhi, January 1: In December 2024, Maruti Suzuki India sold a total of 178,248 car units, which is about 30 per cent higher than a year ago period.
New Delhi, January 1: Hyundai Motor India Limited (HMIL) recorded its highest-ever yearly domestic sales of 6,05,433 units in 2024.
New Delhi, January 1: In December 2024, Bajaj Auto's total sales (including two-wheelers and commercial vehicles) stood at 3,23,125 units, marginally lower by 1 per cent compared to 3,26,806 units in December 2023. This slight decline was primarily driven by weaker domestic sales, while exports continued to perform well.
Mumbai, January 1: Automotive company Mahindra & Mahindra (M&M Ltd.) witnessed a 16 per cent increase in overall automotive sales, with 69,768 units in December, the company stated on Wednesday in its exchange filing.