This week in Auto: Here’s why Tesla s India entry should mean more than just flashy electric cars
Here is a wrap on what else made headlines in the auto space during the week January 16, 2021 / 01:57 PM IST
Finally, the world’s most valuable automotive company Tesla, Inc has an India address. The American electric car maker registered its India subsidiary earlier this week, bringing cheer to not just auto enthusiasts but also to electric vehicle (EV) manufacturers. More on this later. Here is a wrap on what else made headlines in the auto space during the week:
Toyota withdraws lockout
Read more about Passenger Car Sales Jump 8.36% On Year In December 2020 on Business Standard. Society of Indian Automobile Manufacturers (SIAM) stated in a latest update yesterday that a growth of 8.36% has been registered in the sales of Passenger Cars in December 20, as compared to December 19. Sales of Utility Vehicles increased by 19.75%
Loading the player.
Farm bills have potential to represent important measure for agri reforms in India: IMF
The International Monetary Fund (IMF) believes the farm bills passed by the Indian government have the potential to represent a significant step forward for agricultural reforms, a spokesperson of the organisation said here. There is, however, a need to strengthen the social safety net for those who might be adversely affected by the transition to the new system, Gerry Rice, Director of Communications at IMF, said at a news conference in Washington on Thursday.
Google removes loan apps from Play Store over safety policy violations
Domestic PV sales grow 13 per cent, two-wheeler sales rise 7 per cent in December 2020: SIAM
Domestic PV sales grow 13 per cent, two-wheeler sales rise 7 per cent in December 2020: SIAM
The total domestic sales of the passenger vehicles stood at 2,52,998 units, while 11,27,917 units of the two-wheelers were sold in the domestic market in December 2020.
advertisement
UPDATED: January 14, 2021 15:09 IST
The passenger vehicle as well as two-wheeler domestic sales have increased in December 2020. (Image - Reuters)
HIGHLIGHTS
The total production of the two-wheelers jumped 9.08 per cent during the month.
The total production of the three-wheelers declined 33.64 per cent in December 2020.
The total domestic sales of the passenger vehicles and two-wheelers climbed 13.59 per cent and 7.42 per cent, respectively, in December 2020 in comparison to December 2019, the latest report from the SIAM (Society of Indian Automobile Manufacturers) has revealed.
Automobile sales register 14 per cent growth in December
January 14, 2021
In December, the domestic passenger car sales grew by more than eight per cent year-on-year to 1,46,864 units compared with 1,35,531 units in December 2019.
In December, the domestic passenger car sales grew by more than eight per cent year-on-year to 1,46,864 units compared with 1,35,531 units in December 2019.×
RELATED
PV sales are behind by 10 years, while two-wheeler sales are behind by seven years: SIAM
In December, the domestic passenger car sales grew by more than eight per cent year-on-year (YoY) to 1,46,864 units compared with 1,35,531 units in December 2019.
The utility vehicle sales also grew by around 20 per cent YoY to 94,787 units during the month as against 79,153 units in corresponding month previous year, the latest report shared by Society of Indian Automobile Manufacturers (SIAM) said on Thursday.