Recent trends

2 min read Last Updated : Feb 27 2023 | 12:07 PM IST Nissan Motor Co Ltd on Monday raised its electrified car sales goals and said it will.

Luxury car maker Mercedes-Benz has partnered with Cisco (a digital communications technology company) to introduce the new E-Class sedans with Webex Meetings and Calling and Webex AI audio capabilities.

India’s passenger vehicle sales are expected grow about 9%-10% in fiscal year 2024, roughly 20% above pre-pandemic peak levels, as strong demand and easing chip shortages prop-up the world’s.

Sales declined over 40 per cent from an all-time monthly high of 8,154 units in October, the data reveals.   In the second last month of FY23, electric two-wheelers.

At the retail level, too, the industry posted 9.6 per cent YoY growth, indicating that strong consumer demand continued in February.  PV retail numbers came at 301,900 units.

Japanese auto major Honda plans to launch at least one new model every year in India with a focus on premium products as it looks to get its business.

The government had set a target of supporting one million two-wheelers under the scheme by March 2024. According to data from the ministry of heavy industries, 792,529.

The change in onboard diagnostics and the wedding season were the key drivers of growth in the month.  However, the numbers were still below the pre-Covid-19 pandemic levels..

Manufacturing of electric vehicles (EVs) in India will increase its dependence on China for raw materials, mineral processing, and battery production, according to a report by economic think tank.

Maruti Suzuki India and Hyundai Motor India saw a dip in their market share in February while Tata Motors, Mahindra and Kia India witnessed an year on year increase.