Stay updated with breaking news from Volvo Auto. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Domestic Passenger Vehicle Sales: Domestic sales of passenger vehicles in February 2024 were at 3,70,786 units, three-wheelers at 54,584 units and two-wheelers at 15,20,761 units, SIAM said in a media release.
According to media reports, the government is not keen on introducing the third phase of the "Faster Adoption and Manufacturing of Electric Vehicles" or FAME III. As a result, the subsidy on
Get latest articles and stories on Business at LatestLY. The passenger vehicle category spearheaded the growth, witnessing a substantial increase in sales during November 2023. With 3.34 lakh units sold, it surpassed the previous year's figures, contributing significantly to the overall positive trend in the automotive market. Business News | Passenger Vehicle Sales Reach All-time High in November: SIAM Report.
Several top car makers in India, including Hyundai, Kia, Honda Cars, Renault, Skoda Auto, Volkswagen India, and Nissan, have been found to have higher fleet emission levels than mandated. The Bureau of Energy Efficiency is recommending hefty penalties against these companies for violating emission norms. The penalties are a result of upgraded Corporate Average Fuel Economy (CAFE) norms. The cities in India are currently grappling with hazardous pollution levels, and the government is taking urgent measures to mitigate the problem.
In October 2023, the auto sector’s total sales stood at 23,62,534 units, a year-on-year growth of 20 per cent compared to 19,68,938 units sold in October 2022.