Sales of strong hybrid vehicles are growing in high double digits, sharply outpacing a sluggish Indian auto market where demand for both fossil-fuel and electric vehicles have slowed this year. To be sure, the growth in strong hybrid vehicle sales is on a small base but the shift in market dynamics underscores growing consumer appetite […]
Passenger vehicle sales are expected to grow in low single-digits, on a high base, in the coming financial year, largely driven by demand for sport-utility vehicles and new electric vehicle launches. Sales of entry-level cars will however likely remain sluggish during the year.Sales of cars, SUVs and vans may grow by 1-4% in FY26, according […]
The Centre is considering setting up a dedicated fund to incentivise new vehicle buyers among steps to push customers to scrap old vehicles. The shift in strategy follows tepid response to a voluntary vehicle modernisation programme started three years ago to remove more than 10 million polluting cars, buses and trucks off the roads.A senior […]