There was an uptick in the sale of cars and SUVs in the domestic market during November with market leader Maruti Suzuki India Ltd, Tata Motors, and Toyota Kirloskar recording an increase in dispatches to dealers during the month.
Maruti Suzuki registered net sales of Rs 33,875.3 crore during the quarter as against Rs 30,845.2 in the same period of FY 2023-24.
Hyundai Motor, Mercedes-Benz Korea, and two other carmakers will recall over 11,000 vehicles due to faulty components, the transport ministry here said on Thursday.
Hyundai Group Chairwoman Hyun Jeong-eun will step down as chair of the board of directors at the group's elevator unit next month to help improve its governance structure, the company said on Friday.
The Elevate is expected to feature a 1.5 L petrol engine like its Sedan Honda City, with the possibility of hybrid technology as a bonus.
Ola Cars will begin with pre-owned and, over time, Ola will open it up for new vehicles from Ola Electric and other automotive brands as well.
Srivastava pointed out that developing fuel-efficient cars was also important for the companies to achieve the stringent norms.
The Odd-Even vehicle scheme will be implemented from November 4-15 to tackle the rising menace of air pollution around the time of Diwali.
The Odd-Even scheme was first implemented by the Arvind Kejriwal-led Aam Aadmi Party (AAP) government on 1 January 2016 as an anti-pollution measure for the first time in India’s history.
The Automotive Component Manufacturers Association of India (ACMA) has sought a uniform GST of 18 per cent for the entire sector in order to revive the vertical which has now witnessed 10 months of continuous decline in sales.
