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In 2018, automobile demand remained robust despite the slowdown overcast in the last three months of year. All segments reported strong double-digit growth in the calendar year ending December 31 except passenger vehicles which reported a growth of 5 per cent. Three-wheelers sales grew fastest followed by commercial vehicles, two-wheelers, and passenger vehicles. The overall automobile sales crossed 26.7 million units for the first time....
Spelling out their budget wish list, the SMEV also said phase-II of FAME must be announced with a six-year plan and time-bound implementation....
The penalty was determined on the basis of the 3.27 lakh Volkswagen cars in India that had deceit software installed.
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According to data released by industry body SIAM, passenger vehicle sales last month dropped by 0.43% to 2,38,692 units as against 2,39,723 units sold in the year-ago period....
Such is the craze for SUVs in India that even debutant brands — South Korea’s Kia (a Hyundai group company) and MG Motors (subsidiary of China’s SAIC) — have planned their entry with off-roaders....
This is the fifth consecutive month that retail inflation is maintained below RBIs medium term target inflation supporting the central banks decision to keep interest rates on hold....