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Domestic sales of Tata Motors fell to 78,159 units, with passenger vehicle sales down 11 per cent and EV sales down 25 per cent. Tata Motors reports a seven per cent year-on-year decline in total vehicles sold in January 2025, with passenger vehicles falling 25 per cent. (Bloomberg) Tata Motors registered total vehicle sales of … Read more
Toyota Motor registers a 19 per cent year-on-year growth after having ended 2024 as its best year in India with 3.24 lakh total units dispatched. Toyota Kirloskar Motor reports a double-digit year-on-year growth of 19 per cent in January 2025, having sold a total of 29,371 units. (REUTERS) Toyota Kirloskar Motor registered a double-digit year-on-year … Read more
Mercedes-Benz reports 3 per cent decline in car sales as EV demand wanes By: Bloomberg | Updated on: 11 Jan 2025, 09:25 AM Despite challenges, US sales rose 9 per cent, offering some relief as the company seeks to boost EV offerings. Mercedes-Benz car sales dipped in 2024 amid weak demand for pricey foreign models … Read more
Eight in every 10 EVs sold globally is in China. How do India, other countries fare China has further accelerated its EV sales growth tale but how has the rest of the world fared in 2024? File photo used for representational purpose. (Bloomberg) China is the world’s larget automobile market and has been the leader … Read more
GST on selling used cars? Here’s some clarity on who will pay how much While an individual seller need not pay 18 per cent GST when selling his or her car, there are several grey areas which remain. Image used for representational purpose. Finance Minister Nirmala Sitharaman announced last week that there will now be … Read more
Car sales in November tumble despite positive factors at play. Here’s decoding the trends Despite hopes that the ongoing marriage season will bring cheer to the car market, retail sales have tumbled. File photo used for representational purpose. (AFP) Despite high hopes of a strong performance in November, the car market in India remained lukewarm … Read more
Nissan shares slump after plan to slash jobs, production By: Reuters | Updated on: 09 Nov 2024, 10:05 AM Nissan faces criticism for its hybrid strategy, with analysts highlighting overreliance on EVs. Following drastic job cuts and a profit forecast downg … Nissan faces criticism for its hybrid strategy, with analysts highlighting overreliance on EVs. … Read more
Tata Motors misses Q2 profit estimates over weak sales, expects festive turnaround By: Ayush Chakraborty | Updated on: 09 Nov 2024, 16:27 PM Tata Motors misses analyst estimates for its Q2 profits amid weaknesses in both its luxury brand Jaguar Land Rover and domestic sales. The carmaker ex … Tata Motors misses analyst estimates for … Read more
VW labour chief sounds alarm on mass layoffs and three German plant closures Europe’s biggest carmaker has been negotiating for weeks with unions over plans to revamp its business and cut costs, including considering plant closures on home soil for the first time, in a blow to Germany’s industrial prowess. Volkswagen reiterated on Monday that … Read more