Auto Industry News

Electric mobility startup, MoEVing, announced that it raised $2.5 million from JSW Ventures to further strengthen its electric mobility platform.

The Mercedes-Benz EQB, which will be the company's third EV for India after the EQC electric SUV and EQS electric sedan, is expected to be launched sometime before the end of 2022.

Suzuki Motorcycle India registers highest-ever monthly sales, in October 2022. The company sold 87,859 units, which is a 27 per cent growth over sales in October 2021.

In October 2022, Kia's total sales 23,323 units, which include both domestic and export sales. Furthermore, in the January to October 2022 period, the company also crossed the 2 lakh units sales mark.

TVS Motor Company’s domestic market sales grew by 7 per cent in October 2022, powered by motorcycle and scooter sales, as well as EV sales from the TVS iQube.

In October 2022, Hyundai Motor India's domestic sales stood at 48,001 units, while exports reached 10,005 units.

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.

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.