Sale of SUVs grew seven times faster than that of passenger cars in fiscal 2018, primarily due to the introduction of new models and changing lifestyles. According to data from the Society of Indian Automobile Manufacturers, more than 900,000 SUVs were sold in the last fiscal against 760,000 units in...
Automobile Industry in India Grows 24% in November 2017
All segments of the automobile industry in India recorded double-digit sales growth in November '17. Sales of passenger vehicles grew 14 percent, lowest among all segments, while those of motorbikes and scooters grew 23 percent. Sales of commercial vehicles were up by 50.4 percent. Business Standard reports that according to...
Exports Look Up for Global Auto Makers in India
According to the latest export numbers released by the Society of Indian Automobile Manufacturers, Ford India maintained a strong export trajectory for April - September 2017. With 82,347 units (+11.5% growth) Ford has the biggest share, accounting for 22.7% of the shipments. Built at the integrated Sanand plant in Gujarat,...
India Tops Growth in Passenger Vehicle Sales Globally
According to the Society of Indian Automobile Manufacturers, for the period January to May 2017, India topped the growth of passenger vehicle sales globally. With a sales growth of 11.34 percent India overtook the 9.05 percent growth of Japan, the only other Asian economy to have grown in terms of...
Global Automakers to Invest $8 Billion in India
Over the next four years, automakers will invest $8-10 billion to set up factories in India. Maruti Suzuki, South Korea based Hyundai Motor Company and Kia Motors, Chinese SAIC, Changan and Beiqi Foton, and Italy’s Fiat, are among the companies that plan to expand production in the country. The Indian...