Page 29 - Auto Sector News Today

MG Motor India on Sunday reported a 53 per cent rise in retail sales at 3,899 units in December 2022. The company had sold 2,550 units in the same month in 2021. The twin challenges of the pandemic and logistical headwinds have had an impact on production, but the coming month could see an improvement across many of these parameters, the company said in a statement. MG Motor

Best Media Info: The award celebrated the best launches, innovative technology, designs, marketers, and impactful campaigns in the Indian automotive industry| Digital News

Energy crisis: Impact on competitiveness of EU auto sector

The auto sector is testing many new technologies to reduce carbon emissions. Flex fuel is one technology that has gained currency. On Tuesday, Toyota began pilot-testing its Corolla Altis flex fuel hybrid car in India. Mint explains the potential of this technology.

Brokerages expect Maruti Suzuki to report 40-45 per cent year-on-year (YoY) rise in sales, with at least 500 basis points expansion in year-on-year (YoY) margin.

Notably, long-term investors have made strong gains on this counter, as the scrip surged nearly 1,200 per cent in the last ten years. 

India’s automotive industry derives close to a quarter of its full-year sales in the festive season alone. What happens in this roughly two-month long period highlights important trends about consumption, demand and the elusive ‘sentiment’ that drives sales. Mint explains.

LONDON, Ontario and VICTORIA, British Columbia, Sept. 14, 2022 (GLOBE NEWSWIRE) -- With the U.S.’s new electric vehicle tax credit requiring that EVs and...

Vietnam, India have potential for automobile cooperation: insiders

Vietnam and India have substantial opportunities to cooperate in the automobile industry as Vietnam is accelerating FDI attraction in the sector, top experts have said.