Auto Industry News

Last month, the auto sector cumulatively sold 1,923,032 units in India, witnessing a 6.1 per cent growth compared to 1,810,856 vehicles sold in October 2021. These numbers include passenger vehicles, three-wheelers, two-wheelers, and quadricycles.

Mahindra will remain a co-shareholder to support new product launches and strong growth in the coming years.

Eicher Motors has announced that it registered highest ever quarterly revenue and profits, in Q3 FY2022-23.

Profit after tax was down 11.18 per cent year on year in the second quarter though PAT was up 20.69 per cent in the first half of FY2023.

Volvo Group's TechLab has been designed as a collaborative virtual workspace that can create a simulated workshop environment - using technologies like virtual reality, human body motion tracking and realistic digital rendering of vehicles.

High-riding 911 has undergone over 10,000 km of off-road testing with the Dakar name a nod to the firm’s Paris-Dakar rally victory in 1984.

In Q2 FY2023, Tata Motors’ consolidated revenue stood at Rs. 79,611.37 crore, witnessing a growth of nearly 30 per cent compared to revenue generated in the same quarter a year ago. The company’s consolidated net loss narrowed down to Rs. 944.6 crore, compared to the net loss of Rs. 4,441.57 crore reported in Q2 FY2021-22.

Benelli took the wraps off the 2023 TRK 502 adventure motorcycle range. The motorcycle gets new colours and few added features for model year 2023.