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India's Ministry of Corporate Affairs started the probe after an analysis of MG Motor India's statements indicated suspicious related-party transactions, alleged tax evasion, under- and over-invoicing of bills. MG Motor India said it is providing the required records and information to the MCA.

MG Motor Says India Sought Clarifications On Losses For First Year In Country: Report

Nov 1, 2022 10:55 PM

2 mins read

India's Ministry of Corporate Affairs started the probe after an analysis of MG Motor India's statements indicated suspicious related-party transactions, alleged tax evasion, under- and over-invoicing of bills. MG Motor India said it is providing the required records and information to the MCA.

Auto Sales October 2022: Mahindra's SUV Sales Grow By 61%, Retains Tag Of Number 1 SUV OEM

By car&bike Team

Nov 1, 2022 09:24 PM

Mahindra's sales remained strong in the SUV space with 32,226 units sold in October, as against 20,034 units sold during the same period last year.

Auto Sales October 2022: Toyota’s Sales Grow By 6%

By Ameya Naik

Nov 1, 2022 09:20 PM

However, compare this number to what the company achieved in September this year and you notice that sales are down by more than 14 per cent.

Auto Sales October 2022: Ola Electric Sells 20,000 Units

By car&bike Team

Nov 1, 2022 08:33 PM

Ola Electric reported sales of 20,000 electric two-wheelers in October 2022, the highest of any electric two-wheeler manufacturer in India. This is the company’s best ever monthly sales performance.

Hero XPulse 200T 4V Teased; Launch Soon

By car&bike Team

Nov 1, 2022 08:09 PM

Hero MotoCorp is all set to launch the updated Hero XPulse 200T 4V in India soon. The biggest two-wheeler company in India teased the upcoming model on its social media handles.

Auto Sales October 2022: Tata Motors’ Passenger Vehicle Sales Grow By 33%

By Ameya Naik

Nov 1, 2022 07:39 PM

Tata Motors witnessed a strong demand for its EVs as well, with the company selling 4277 units overall, registering a growth of 158 per cent over the same period last year.

Seatbelts Mandatory For All Passengers In A Car From Today In Mumbai

By Sameer Contractor

Nov 1, 2022 10:59 PM

While wearing seatbelts has always been mandatory under the Vehicles (Amendment) Act, 2019, under section l94(B) (1), it's now being seriously enforced in the financial capital and is a punishable offence.

Auto Sales October 2022: Ather Energy Registers Best Ever Monthly Sales With 8,213 Units Sold

By car&bike Team

Nov 1, 2022 07:25 PM

Ather Energy has registered its highest ever monthly sales for the third month on the trot, selling 8,213 units in October 2022, which is a massive 122 per cent growth.