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The total sales of passenger vehicles in India increased by 11 percent last February, according to the Association of Indian Automobile Manufacturers.  Automobile sector Last February 2023, the vehicle manufacturers produced and supplied 3.34 lakh passenger vehicles to agents. Last month, they manufactured and delivered 3.70 lakh vehicles. This is an 11 percent increase over the previous year. Similarly, two-wheelers and three-wheelers have seen a growth of 35 and 8 percent respectively. In this regard, the Association of Indian Automobile Manufacturers has informed as follows: Passenger vehicles recorded their highest monthly sales in February due to continued demand from the SUV segment. Two-wheelers and three-wheelers also saw growth over February last year. Only commercial vehicles saw a slight decline. Strong domestic manufacturing growth in the December quarter helped the auto sector. It has been reported. Vehicle sales growth rate. Sales of passenger vehic...

TVS Motors is the country's sixth automaker to reach a market capitalization of Rs 1 lakh crore. TVS, a Chennai-based company, reached this milestone last Friday. It is noteworthy that the company's share price has increased by 60 percent in the last six months alone. Tvs Motors  Last Friday, the company's  share price rose 2.25 percent to Rs 2,140 at the end of trading hours on the National Stock Exchange. The rise in share price has not only boosted the company's market value, but also elevated TVS Motors ' status as one of the world's leading automotive companies. Market value in vehicles. Maruti Suzuki..Market Value. 3.50 lakh crore. Tata Motors.. Market Value..3.12 Lakh Crore. Bajaj Auto.. Market Value..2.36. Mahindra and Mahindra.. market value.. 2.28 lakh crore. Eicher Motors.. Market Value.. 1.08 Lakh Crore. TVS, Motors.. Market Value.. 1.02 Lakh Crore. In October last year, TVS surpassed the market capitalization of Japanese two-wheel...

Tata Motors has reduced the price of its electric vehicles by almost Rs 1.20 lakh. Tata Motors, Vivek Srivatsail, Chief Commercial Officer of the company said Tata Passenger Electric Mobility, the electric vehicle arm of Tata Motors, has slashed the prices of its electric cars significantly, following a drop in battery prices for electric vehicles. In the overall cost of an electric vehicle, the cost of the battery comprises a significant portion. As the cost of batteries has decreased recently and is expected to decrease further in the future, we have proactively reduced the prices of our electric car models to benefit our customers. Accordingly, the price of the 'Nexon' electric vehicle has been reduced by Rs 1.20 lakh and now, it starts at Rs 14.49 lakh. Similarly, the price of the 'Diago' model is up to 70,000 rupees Reduced and now, it starts at Rs 7.99 lakh. The recently launched 'Punch' model, which already includes a battery price cut, re...

Rs. 25,000 crore IPO, 'Hyundai' Motor Company project According to reports, New ipo Hyundai motor Hyundai Motor Company is planning to raise nearly 25,000 crore rupees through a new IPO this year. South Korea-based Hyundai is planning to raise funds for its Indian arm ' Hyundai Motor India'. Accordingly, the Hyundai Motor India Group's operations are valued at around Rs 2.50 lakh crore and are expected to raise around Rs 25,000 crore. The valuation would be more than half of Hyundai's market cap in South Korea. It is said that Hyundai is in talks with investment banks such as 'JP, Morgan, Morgan Stanley, Citi, Bank of America'. In the last year 2022, LIC raised nearly Rs 21,000 crore through IPO. This is the largest fund ever raised through an IPO in India. If Hyundai goes ahead with the new share issue, it will be India's largest IPO.

In the country, the average selling price of cars has increased by up to 50 per cent in the last five years, according to industry sources. Vehicles sales. In this regard, it was informed by the persons related to the department, Last year 2018-19, the average selling price of cars was Rs 7.65 lakh. Current expenditure on 2023-24 has increased by more than 50 per cent to Rs 11.50 lakh. Consumer preferences towards luxury amenities, changing regulatory norms and craze for SUVs are the main reasons behind this price hike. Customers want more comfort in their vehicles. They opt for the 'top end' model with more features. For example, nobody buys cars without AC these days. But there was a market demand for it at an earlier period. Also, there has been a big change in choosing the type of vehicle. People now prefer to buy SUVs rather than hatchbacks. Average selling price of passenger vehicles 2018-19 Rs. 7.65 lakhs. 2023-24 Rs. 11.5 lakhs. 50% increase. As a result, vehicl...

Vehicle sales in India rose 11 percent last year, according to the Automobile Dealers Association. vehicle sales 2022 to 2023. What is the car sales forecast for 2023 in India? The country's total vehicle sales in the year 2022 was 2.14 crore. It increased by 11 percent to 2.38 crore last year. Passenger vehicles increased by 11 percent, two-wheelers by 9 percent and three-wheelers by 58 percent. Similarly, commercial vehicles and tractor saw a rise of almost 8 percent. In this regard, the Agents Vehicle Association has informed Every segment under the automotive sector is likely to move towards growth this year as well. With new introductions and a stable market, passenger vehicle sales are expected to grow. Vehicle Sales 2022-2023 Section..2 Wheelers..2022. 1.55 crore. 2023. 1.70 crore growth.. 9.00%. Section...3 Wheelers..2022. 6.81 lakh.. 2023. 10.80 lakh. Growth.. 58.00%., Sect..Passenger Vehicles..2022. 34,89 lakhs.. 2023.. 38,60 lakhs. Growth..11.00%....

The ford has given up its decision to sell the Chennai plant, Board Motors has canceled the agreement to sell its plant in Tamil Nadu to JSW Group. ford chennai Ford Chennai plant: latest News JSW led by Sajjan Jindal. The group had finalized a deal to buy Bord Motors ' Chennai plant for nearly Rs 830 crore. Depression, In this case, the board company has canceled this contract as it does not want to sell its factory. The manufacturing plant owned by Board Motors is spread over an area of ​​350 acres in the town of Gara Malai near Chennai. In this case, due to the slowdown in the market after the corona virus, the board company decided to leave India in 2022 and stopped its production. Subsequently, it sold its other manufacturing plant in Gujarat to a subsidiary of Tata Motors for Rs 725.70 crore. Recently, JSW had finalized an agreement with the Group to sell its plant in Chennai. In this case, the board company has now withdrawn from that contract attempt. No preference, Reg...

MG Motor India has announced that it will increase the price of vehicles from January. Automobile industrial, Price of automobiles in India increased in January The rise is due to overall inflation and rising costs, the company said. There is no word on how much the price hike is going to be. Coming, from January 2024 onwards, MG Motor India has announced that the price of all its vehicles will be hiked. The price hike will be effective from January 1, 2024. The price increase of MG Motors is due to the economic challenges prevailing globally, the company said. Increase in cost of raw materials, increase in transportation cost, increase in production cost are attributed to the reasons for this increase in prices. Following MG Motors, other leading automakers like Maruti Suzuki, Mahindra, Tata Motors, Audi, Bajaj Auto, Honda, Ford, Scotiabank, Kia have also hiked the prices of their vehicles recently. Due to this price hike, the price of vehicles in India is expected to inc...

After a day off, the stock market ended on a positive note after a cautious start on Tuesday. Following this, the Mumbai stock market index Sensex rose 204 points to stabilize. Stock market news  What is happening in the stock market today Global market cues were weak. The domestic market started cautiously due to this impact. But as time went on, support for buying leading stocks came. Auto, power companies, metal, public sector banks and realty stocks were particularly well supported during the afternoon trade. However, shares of Pharma, HealthCo and FMCG faced selling. Also, foreign institutional investors' focus on repurchasing stocks helped the market rally, stock brokerages said. Market value volatility: Meanwhile, the market capitalization value ...

According to a statement released by the Society of Indian Automobile Manufacturers (SIAM), Automobile sector  22,11,457 vehicles were exported from India in the first six months of the current financial year from April to September last year. This number was 26,80,527 during the April-September period of the last financial year 2022-23.  Compared to that, exports of vehicles have now declined by 17 percent. While exports of passenger vehicles increased during the assessment months, exports of two-wheelers, three-wheelers and passenger vehicles declined. As a result overall exports of vehicles have seen a decline. Exports of passenger vehicles in the first half of the current financial year stood at 3,36,754.  The figure was 3,20,506 during the same period of the previous financial year 2022-23.  Compared to that, the export of passenger vehicles has now increased by 5 percent. Exports of passenger vehicles during the assessment months stood at 31,864.  This is...