EV sales in India to go up by 40 per cent to 1.75 million units in FY 2024
6 months, 1 week ago

EV sales in India to go up by 40 per cent to 1.75 million units in FY 2024

India TV News  

India's Electric Vehicle sales have reportedly grown by 17,52,406 units in FY 2023-24, stating a growth of 40.31 per cent on a Year-on-Year basis. The electric car segment sales have reportedly shot up by 82 per cent on a YoY basis, which further registering sales of 99,085 units in FY 2024. Electric bus sales soared to 3,708 units in FY2024 with a growth of 85 per cent on a YoY basis. Hero MotoCorp has reportedly sold around 498,123 units of motorcycles and scooters in May 2024, marking a 4.1 per cent decline in sales, when compared to the previous year’s sales number, which was 519,474 units.

India Sales Units Cent Ev Sales Yoy Charging  ev  40  sales  india  million  electric  yoy  units  cent  growth  vehicle  175  2024  reportedly  fy  charging

History of this topic

Electric vehicle sales charged up this year, and not just because of subsidies
1 day, 1 hour ago

Electric vehicle sales charged up this year, and not just because of subsidies

Live Mint  

New Delhi: The number of fossil fuel-based vehicles sold for every electric vehicle in the two-wheeler and light motor vehicle categories has fallen in 2024, compared with last year, a positive indicator for the EV ecosystem in the country. This marks a sharp decline from 2023's 18.43 petrol two-wheelers sold per electric two-wheeler sale, with 15.85 million petrol bikes and …

Honda-Nissan merger: EV boom cutting off auto giants' vroom?
4 days, 13 hours ago

Honda-Nissan merger: EV boom cutting off auto giants' vroom?

India Today  

Two of the world’s giant carmakers, Nissan and Honda, are taking steps towards a merger. While Honda’s net profit slumped by 19.7 per cent, Nissan’s fell drastically by 93.5 per cent. Rise of EVs “Electric car sales keep rising and could reach around 17 million in 2024, accounting for more than one in five cars sold worldwide," the Global EV …

French auto parts supplier Valeo bets on India EV transition even as demand cools
1 week ago

French auto parts supplier Valeo bets on India EV transition even as demand cools

Live Mint  

New Delhi: Growing adoption of electric vehicles in India is unlocking opportunities for the Indian arm of French auto parts supplier Valeo to increase revenue per vehicle, according to a top company executive, even if sales have temporarily slowed for one of its top customers in India. For instance, we supply Tata with onboard chargers and DC-DC converters, while Mahindra …

Policy tweaks drag sale of subsidized electric two-wheelers to three-year low
1 week, 6 days ago

Policy tweaks drag sale of subsidized electric two-wheelers to three-year low

Live Mint  

The number of electric two-wheelers for which buyers claimed subsidies has dropped to a three-year low this fiscal, as automakers skipped the benefits following stringent rules and frequent changes in criteria. Changes in the phased manufacturing programme guidelines—covering localization requirements--have “disproportionately impacted mid-sized and small original equipment makers, making it slightly more time-consuming for them to qualify under the scheme", …

Auto Retail Sales Up 11.21 PC in Nov on Robust 2-Wheeler Demand
Trending News
2 weeks, 1 day ago

Auto Retail Sales Up 11.21 PC in Nov on Robust 2-Wheeler Demand

Deccan Chronicle  

Pune: Retail sales of automobiles in India jumped 11.21 per cent on year to 32,08,719 units in November, riding on robust two-wheeler demand, Federation of Automobile Dealers Associations or FADA said on Monday. Sales of two-wheelers soared 15.8 per cent to 26,15,953 units last month, as against 22,58,970 units in November 2023. FADA said the commercial vehicles sales also dropped …

Electric vehicles made up a QUARTER of new car sales in November but still fall short of Government targets despite £4bn worth of discounting
Trending News
2 weeks, 5 days ago

Electric vehicles made up a QUARTER of new car sales in November but still fall short of Government targets despite £4bn worth of discounting

Daily Mail  

Electric vehicles accounted for more than a quarter of all new cars bought in the UK last month but demand is being propped up by 'unsustainable' manufacturer discounts, the trade body has warned. New car sales in the UK declined by 1.9 per cent in November, with 153,610 motors joining the road, latest figures from the Society of Manufacturers and …

PV industry sees tepid growth in November; SUVs, rural demand push sales
3 weeks, 1 day ago

PV industry sees tepid growth in November; SUVs, rural demand push sales

Live Mint  

After a heady October, car makers had to contend with a headache in November as growth in car dispatches to dealerships petered to low single-digits for most manufacturers, with Hyundai’s figures even declining year-on-year. Overall industry sees slow growth Industry sales for November are estimated to be around 350,000 vehicles, a 3.8-4% y-o-y growth, Banerjee said. Tata Motors grows, Hyundai …

EV sales fall off a cliff in Delhi amid pollution emergency
1 month ago

EV sales fall off a cliff in Delhi amid pollution emergency

Live Mint  

No incentive, won’t buy. The double whammy arising from a lack of both state and central government support has led to fleet buyers pausing sales in Delhi, which has 8,000 registered electric cabs. Ajay Agarwal, chairperson of Federation of Dealers’ Association of India -Delhi, and owner of TREO Tata, told Mint that the withdrawal of incentives such as registration fee …

Vehicle retail sales rise 12 per cent to 43 lakh units during 42-day festive demand
1 month, 1 week ago

Vehicle retail sales rise 12 per cent to 43 lakh units during 42-day festive demand

Deccan Chronicle  

Pune: The total vehicle retail sales during the 42-day festive period this year jumped 12 per cent, reaching 42.88 lakh units as against 38.37 lakh units last year, the Federation of Automobile Dealers Associations or FADA said on Friday. "We witnessed a remarkable surge in numbers since the beginning of Navratri, nearly hitting our forecasted target with vehicles registered during …

‘Marathon not a sprint’: Audi India head on EV adoption
1 month, 1 week ago

‘Marathon not a sprint’: Audi India head on EV adoption

Live Mint  

The slowdown in electric vehicle sales is temporary and the industry will grow over time, Audi India head Balbir Singh Dhillon said, pointing to the need for extensive charging networks and supportive government policies. In countries with high EV penetration like Norway and Iceland, strong charging networks and consistent government policies have helped, Dhillon said. Sparse charging network A sparse …

45 lakh target missed, but new record set as 42.88 lakh vehicles sold in festive period
1 month, 1 week ago

45 lakh target missed, but new record set as 42.88 lakh vehicles sold in festive period

India Today  

The 42-day festive period in India, from October 3 till November 13, witnessed record retail sales of more than 42 lakh units driven by strong demand in the two-wheeler and passenger vehicle segments. The total vehicle sales, including those of two-wheelers, three-wheelers, commercial vehicles, passenger vehicles and tractors, jumped 11.8% at 42.88 lakh units in the 2024 festive period from …

Passenger vehicle, two-wheeler sales hit new high in October: Siam
1 month, 1 week ago

Passenger vehicle, two-wheeler sales hit new high in October: Siam

Deccan Chronicle  

Pune: Both passenger vehicles and two-wheelers wholesales hit a new high in October, driven by strong festive season demand, the Society of Indian Automobile Manufacturers SIAM data on Wednesday revealed. While passenger vehicle sales stood at 3,93,238 units, up 0.9 per cent from 3,89,714 units, the best ever in the month, SIAM said. Passenger Vehicles posted its highest ever sales …

Honda electric scooter launch in India on November 27
1 month, 2 weeks ago

Honda electric scooter launch in India on November 27

India Today  

Leading two-wheeler manufacturer Honda Motorcycle & Scooter India will launch its maiden electric model in the country on November 27. With its unabated dominance in the internal combustion engine scooter segment with models like the Activa and the Dio, we expect Honda's first electric model to be a scooter as well. If we talk about the electric two-wheeler space, as …

Sales of used electric cars reach record high
Trending News
1 month, 2 weeks ago

Sales of used electric cars reach record high

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Giving consumers the confidence to switch from their familiar petrol or diesel vehicles requires confidence and incentives …

EV Sales Soar to New Heights, But Still a Minority
1 month, 3 weeks ago

EV Sales Soar to New Heights, But Still a Minority

ABP News  

EV sales reach new heights in October, with passenger four wheelers seeing a significant increase. The month saw a total of 10,534 units sold, with EVs accounting for 73 percent of the total. MG Windsor emerged as the top-selling EV, with 3116 units sold, followed by Tata Motors' Curvv EV with 10,000 units sold. Luxury EV sales also saw a …

Will new incentives smoothen the EV ride?
2 months, 2 weeks ago

Will new incentives smoothen the EV ride?

Live Mint  

The ₹10,900 crore PM E-DRIVE scheme, launched last month to accelerate electric vehicle adoption, comes as the auto sector faces new growth challenges. Read this | India changes gears to a new EV policy focus In the first half of 2024-25, the top 15 districts accounted for 21% of total four-wheeler registrations. Of these, 13 saw a decline in non-EV …

Bajaj sold over 4 lakh two-wheelers in September, domestic sales rise
2 months, 3 weeks ago

Bajaj sold over 4 lakh two-wheelers in September, domestic sales rise

Hindustan Times  

Bajaj Auto has reported a significant rise in the sales of its two-wheelers for September 2024, with domestic sales increasing by 28 per cent year-on-year. Bajaj Auto's strong market performance in September 2024 highlights significant growth in two-wheeler and commercial vehicle sales, driven by domestic and export demand. The overall sales of Bajaj's commercial vehicles, including both domestic and export …

Electric two-wheeler adoption in India rising, 13% share expected by 2026-27: Jefferies report
3 months, 1 week ago

Electric two-wheeler adoption in India rising, 13% share expected by 2026-27: Jefferies report

The Hindu  

The adoption of electric two-wheeler vehicles in India is on a gradual rise and it is expected that their share will rise to upwards of 13% by 2026-27, investment banking company Jefferies asserted in a report. "We currently assume a share of E2Ws rising from 5% in FY24 to 7% /10% /13% in FY25E/FY26E/FY27E, although we now see a downside …

Indians who prepaid $1,000 to order Tesla EVs ask for their money back as cars fail to arrive
4 months, 1 week ago

Indians who prepaid $1,000 to order Tesla EVs ask for their money back as cars fail to arrive

The Hindu  

In April 2016, Elon Musk invited Indians to preorder the upcoming Tesla Model 3. To woo automakers like Tesla while also protecting domestic carmakers like Mahindra and Maruti Suzuki, India reduced its import duties to 15% from 70%-100% in March 2024 for EVs cheaper than $35,000 — as long the automaker commits to building a factory in the country within …

Indians wanting their money back for undelivered Teslas shows how drastically the EV market changed
4 months, 1 week ago

Indians wanting their money back for undelivered Teslas shows how drastically the EV market changed

Associated Press  

HANOI, Vietnam — In April 2016, Elon Musk invited Indians to preorder the upcoming Tesla Model 3. To woo automakers like Tesla while also protecting domestic carmakers like Mahindra and Maruti Suzuki, India reduced its import duties to 15% from 70%-100% in March 2024 for EVs cheaper than $35,000 — as long the automaker commits to building a factory in …

EV two and three-wheeler EMPS subsidies extended to September 30 and outlay increased
4 months, 3 weeks ago

EV two and three-wheeler EMPS subsidies extended to September 30 and outlay increased

Hindustan Times  

The central government has extended the 'Electric Mobility Promotion Scheme 2024' by two months, till September 30, 2024, according to a statement from the Ministry of Heavy Industries, which added that the total outlay for the scheme has also now been increased to ₹778 crore from ₹500 crore earlier. Ola Electric is India's bestselling two-wheeler EV brand {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} …

Automobile exports from India rise 15.5 per cent in Q1
5 months, 1 week ago

Automobile exports from India rise 15.5 per cent in Q1

India TV News  

Automobile exports from India increased 15.5 per cent year-on-year in the June quarter with all verticals, barring three-wheelers, recording growth in shipments, according to the latest SIAM data. Passenger vehicle exports stood at 1,80,483 units in the first quarter, registering a jump of 19 per cent over 1,52,156 units in the same period last year. Two-wheeler exports stood at 9,23,148 …

The way forward for investments in the EV space | Explained
5 months, 1 week ago

The way forward for investments in the EV space | Explained

The Hindu  

The story so far: According to media reports, the government is looking to expand the scope of its electric vehicle policy, announced in March, to include a retrospective effect. The policy announced in March aimed to provide Indian consumers with access to the latest technology and strengthen the EV ecosystem by encouraging healthy competition among EV players by attaining higher …

Extension of EMPS 2024 Scheme to Support EV Two-Wheeler Sales in FY25
5 months, 2 weeks ago

Extension of EMPS 2024 Scheme to Support EV Two-Wheeler Sales in FY25

Deccan Chronicle  

Chennai: Likely extension of Electric Mobility Promotion Scheme 2024 is expected to support electric two-wheeler sales in FY25. According to Care Ratings, the two-wheeler industry is expected to sustain a steady volume growth rate of around 7-9 per cent in FY25, slightly lower than 9.8 per cent growth achieved in FY24. In FY23, EV sales reached around 0.73 million units, …

Industry experts predict favourable outlook for auto industry, two-wheelers expected to lead
5 months, 2 weeks ago

Industry experts predict favourable outlook for auto industry, two-wheelers expected to lead

Live Mint  

The Indian automotive industry has had a moderately positive beginning to the financial year, led by consumer sentiments and seasonal festivities. In Q1, CV dispatches grew in the mid-single digits owing to election year and lower business activity in tipper sales, with much of the growth driven by the M&HCV high tonnage vehicle and bus categories. Although overall production and …

India gets high-demand for EV 2 wheelers, but Ola experiences a dip: Know-why
5 months, 2 weeks ago

India gets high-demand for EV 2 wheelers, but Ola experiences a dip: Know-why

India TV News  

According to a recent report, electric vehicle adoption in India’s two-wheeler sector has seen a significant boost over the past two months, despite the incentives being nearly halved in April. Electric passenger vehicle penetration deteriorated slightly month-on-month where Tata Motors lost market share while MG gained. Meanwhile, another report last month said that with an improving adoption rate, electric car …

US new-vehicle sales barely rose in the second quarter as buyers balked at still-high prices
5 months, 3 weeks ago

US new-vehicle sales barely rose in the second quarter as buyers balked at still-high prices

Associated Press  

DETROIT — U.S. new-vehicle sales rose only slightly in the second quarter, despite larger discounts and slightly lower prices. Overall, U.S. sales were up only 0.1% compared to a year ago, as still-high prices kept many potential buyers out of the market, according to preliminary tallies Tuesday by Motorintelligence.com. The U.S. industry, he said, is at an inflection point where …

Battery electric vehicle sales cross 1 crore mark globally this year: Report
5 months, 3 weeks ago

Battery electric vehicle sales cross 1 crore mark globally this year: Report

India TV News  

This year, the sale of battery electric vehicles is expected to reach the 10-million milestone, demonstrating a significant accomplishment for the global passenger vehicle market. "By revamping supply chains and preparing to produce affordable EVs priced below $35,000, automakers like Ford, GM, Stellantis, and Volkswagen are positioning themselves to compete with market leaders," said research analyst Abhik Mukherjee. "These tariffs …

Electric heavy-duty vehicles unlock pathway for significant reduction of GHGs in India, study finds
6 months, 3 weeks ago

Electric heavy-duty vehicles unlock pathway for significant reduction of GHGs in India, study finds

Hindustan Times  

The increased adoption of electric vehicles across two, three, and four-wheeler segments in India, driven by government schemes, is transforming the country's transportation sector. GHG emissions reduction scenario for HDVs by 2030 The ICCT study modelled future changes in India’s electricity grid using projections from the International Energy Agency scenarios. Meanwhile, for the categorisation under powertrain and fuel type, in …

Japanese automaker Honda revs up on EVs, aiming for lucrative US, China markets
7 months, 1 week ago

Japanese automaker Honda revs up on EVs, aiming for lucrative US, China markets

Associated Press  

TOKYO — Japanese automaker Honda reaffirmed its commitment to electric vehicles Thursday, saying it will invest 10 trillion yen through fiscal 2031 to deliver EV models around the world, including the U.S. and China. The so-called “0 Series,” a key part of Honda’s EV strategy, will be a totally new EV series created from “zero,” Chief Executive Toshihiro Mibe told …

2024 sees record start to year for electric vehicle sales
7 months, 2 weeks ago

2024 sees record start to year for electric vehicle sales

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Sales of electric vehicles have got off to a record start this year, the latest …

Crisis or opportunity: traditional automakers in EV race
7 months, 3 weeks ago

Crisis or opportunity: traditional automakers in EV race

China Daily  

A BYD vehicle on display during an expo in Paris, France. Delving into the changing global auto industry landscape, the article analyzes the challenges facing established automakers like Toyota and the advantages of emerging players, and provides insights into the future development of the industry. Toyota, the reigning champion of gasoline vehicles, has actively downplayed EVs and even hindered the …

Crisis or opportunity: traditional automakers in EV race
7 months, 3 weeks ago

Crisis or opportunity: traditional automakers in EV race

China Daily  

A BYD vehicle on display during an expo in Paris, France. Delving into the changing global auto industry landscape, the article analyzes the challenges facing established automakers like Toyota and the advantages of emerging players, and provides insights into the future development of the industry. Toyota, the reigning champion of gasoline vehicles, has actively downplayed EVs and even hindered the …

IEA says global EV demand 'motoring along' as sales tipped to be one-in-five in 2024
8 months ago

IEA says global EV demand 'motoring along' as sales tipped to be one-in-five in 2024

ABC  

In short: The International Energy Agency predicts EV uptake could surge in 2024 to about one-in-five new car sales. The International Energy Agency predicts EV uptake could surge in 2024 to about one-in-five new car sales. By comparison, the IEA said the share of new car sales that were forecast to be electric in Europe and the US was 25 …

Tesla scouts for its first India showroom locations
8 months, 1 week ago

Tesla scouts for its first India showroom locations

The Hindu  

U.S. electric carmaker Tesla is looking at potential showroom locations in New Delhi and Mumbai ahead of plans to begin sales in India later this year, two people familiar with the discussions said. India last month cut electric vehicle import taxes to 15% from as much as 100% for automakers that invest at least $500 million and set up a …

Two-wheeler sales yet to reach pre-Covid 19 levels, says auto industry body
8 months, 1 week ago

Two-wheeler sales yet to reach pre-Covid 19 levels, says auto industry body

Hindustan Times  

Passenger vehicles wholesales in India have touched a record high of 42,18,746 units in the financial year 2023-24, registering a year-on-year growth of 8.4 per cent, industry body Society of Indian Automobile Manufacturers said. The vehicle sales across the categories surged by 12.5 per cent to 2,38,53,463 units in the period under review On the other hand, the overall passenger …

US first-quarter auto sales grew 5.1% despite high interest rates, but EV growth slows further
8 months, 3 weeks ago

US first-quarter auto sales grew 5.1% despite high interest rates, but EV growth slows further

Associated Press  

DETROIT — New vehicle sales in the U.S. rose 5.1% from January through March, as buyers stayed in the market despite high interest rates. Automakers, most of which reported U.S. sales numbers Tuesday, sold nearly 3.8 million vehicles in the first quarter versus a year ago, for an annual rate of 15.4 million in sales. Sales of electric vehicles grew …

Hybrid cars can act as a bridge to carbon-free mobility
8 months, 3 weeks ago

Hybrid cars can act as a bridge to carbon-free mobility

Live Mint  

For all the policy promotion of electric vehicles, their sales figures in India have been a disappointment as far as four-wheelers go. This may explain why transport minister Nitin Gadkari has sent a proposal to the finance ministry, as reported, to place hybrids in the same 5% GST bracket as EVs. It may be time, however, to incentivize hybrids too …

Carmakers post higher March sales, end fiscal 2024 at record levels
8 months, 3 weeks ago

Carmakers post higher March sales, end fiscal 2024 at record levels

Deccan Chronicle  

Top car makers in India such as Maruti Suzuki, Hyundai Motor, Tata Motors, Mahindra & Mahindra and Toyota Kirloskar Motor reported higher car sales in March and the automakers ended fiscal 2024 with record sales figures, monthly data from the companies showed on Monday.Every month, automobile makers release wholesale from their factory gates to dealers.The auto sector carries more than …

Ola Electric achieves a 115% growth record at the end of FY24
8 months, 3 weeks ago

Ola Electric achieves a 115% growth record at the end of FY24

India TV News  

Ola Electric achieved a growth of 115 per cent in FY24 over FY23 with 328,785 units registered as against 1,52,741 units in FY23, the company said on Monday. The EV industry had a massive growth of 30 per cent in FY24 with over 9 per cent EV penetration in March.” With the launch of S1 X, Ola Electric expanded its …

New e-vehicle policy aims to attract foreign investment
9 months, 1 week ago

New e-vehicle policy aims to attract foreign investment

Deccan Chronicle  

New Delhi: In a move to make India as a manufacturing destination for electric vehicles or EVs in the country, the Centre on Friday approved the e-vehicle policy. Issuing an official statement, the ministry of commerce & industry said that the companies setting up manufacturing facilities for e-vehicles would be allowed to import a limited number of cars at lower …

India Approves EV Policy to Attract Global Players
9 months, 1 week ago

India Approves EV Policy to Attract Global Players

Deccan Chronicle  

New Delhi: In a move to make India as a manufacturing destination for electric vehicles or EVs in the country, the Centre on Friday approved the e-vehicle policy. As per the policy, a company will get three years for setting up manufacturing facilities in India and to start commercial production of e-vehicles, and reach 50 per cent domestic value addition …

Can Subscription-Based Models Boost Growth Of Electric Vehicles Market In India? Read On
9 months, 3 weeks ago

Can Subscription-Based Models Boost Growth Of Electric Vehicles Market In India? Read On

News 18  

The Indian auto market has witnessed a significant emergence of electric vehicles over the past year. According to research by consultancy agency Brain & Company, electric vehicles hold a five percent share of the total car sales in the Indian market between October 2022 and September 2023. The study further noted that electric two-wheelers accounted for nearly 90 percent of …

PV industry growth likely to moderate to less than 5 precent in FY25: Tata Motors
9 months, 4 weeks ago

PV industry growth likely to moderate to less than 5 precent in FY25: Tata Motors

India TV News  

Tata Motors Passenger Vehicles Managing Director Shailesh Chandra has predicted the growth of the domestic passenger vehicle industry to be less than 5 percent in the next fiscal. Therefore, we are seeing with this high base effect, and FY25 will be slightly challenging with less than 5 percent growth rate," Chandra said in an analyst call. Chandra noted that in …

Passenger vehicle wholesales surge 14 per cent YoY to 3.93 lakh units in January
10 months, 1 week ago

Passenger vehicle wholesales surge 14 per cent YoY to 3.93 lakh units in January

India TV News  

Domestic passenger vehicle wholesales surged by 14 per cent year-on-year to 3,93,074 units last month, marking the best-ever performance for January according to the Society of Indian Automobile Manufacturers. Two-wheeler wholesales also witnessed significant growth, rising by 26 per cent to 14,95,183 units last month, compared to 11,84,376 units in January of the previous year. Vinod Aggarwal, President of SIAM, …

Tata Motors EVs get price cut of up to ₹1.2 lakh
10 months, 1 week ago

Tata Motors EVs get price cut of up to ₹1.2 lakh

Hindustan Times  

Indian automaker Tata Motors's electric vehicle unit on Tuesday said it has is the reduced prices of its cars by up to 120,000 rupees in what first instance of a price cut by an electric carmaker in the country. Nexon EV now starts at ₹ 14.49 lakh Electric variants currently form just 2% of car sales in India, as buyers …

Auto makers start 2024 on high note, report growth in January sales
10 months, 3 weeks ago

Auto makers start 2024 on high note, report growth in January sales

Hindustan Times  

Automobile makers in the country started the New Year on a positive note with most players across segments reporting higher sales volume in January compared to the same month last year. Maruti Suzuki India's total vehicle sales increased by 15.5 per cent at 1,99,364 units in January from 1,72,535 units in the same month last year, the company said in …

Electric Vehicle Sales Growth Is Slowing Globally. Here’s Why
10 months, 3 weeks ago

Electric Vehicle Sales Growth Is Slowing Globally. Here’s Why

Bloomberg  

With road transportation accounting for about 15% of greenhouse gas emissions, transitioning to cleaner vehicles is a linchpin in national efforts to meet climate-change mitigation targets. Governments have encouraged a transition to electric vehicles with massive subsidies, and legacy carmakers are changing their offerings in a slow farewell to the combustion-engine era. According to BloombergNEF, sales of all-electric vehicles plus …

TVS Motor’s Q3 | Improved sales lift net profit to ₹593 crore
10 months, 4 weeks ago

TVS Motor’s Q3 | Improved sales lift net profit to ₹593 crore

The Hindu  

TVS Motor Company’s standalone net profit for the December quarter rose 68% from the year-earlier period to ₹593 crore on improved sales. Revenue from operations grew by 26% to ₹8,245 crore, while costs of raw material increased to ₹5,696 crore from ₹4,882 crore, the automobile firm said in a regulatory filing. There was a marginal increase in two-wheeler exports to …

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