Auto Industry
Reuters
Nov 1, 2022, 9:31 PM
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.
2 Min
Ameya Naik | Nov 1, 2022Auto Sales October 2022: Toyota’s Sales Grow By 6%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.1 min read
Ameya Naik | Nov 1, 2022Auto Sales October 2022: Tata Motors’ Passenger Vehicle Sales Grow By 33%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.1 min read
Seshan Vijayraghvan | Nov 1, 2022Auto Sales October 2022: Nissan India Sees 45% YoY Growth In Overall SalesIn October 2022, Nissan's total sales stood at 10,011 units, which includes domestic wholesales of 3061 units and export sales of 6950 units.2 mins read
car&bike Team | Nov 1, 2022Auto Sales October 2022: Maruti Suzuki’s Total Sales Grows 19 Per CentMaruti Suzuki, India’s largest carmaker by sales, reported a growth of 19 per cent in its overall sales for October 2022.2 mins read
Ameya Naik | Nov 1, 2022Auto Sales October 2022: Skoda Auto India Delivers 4173 Units; Registers 29% HikeFrom January to September 2022, the company had sold 19,500 units of the Kushaq and 15,400 units of the Slavia in the country.1 min read- Seshan Vijayraghvan | Nov 1, 2022Saietta VNA Ramps Up Its eDrive ‘Make In India’ Strategy; To Set Up New Plant In DelhiSaietta VNA will be setting up a new manufacturing facility in Delhi to begin volume production of a range of radial- and axial-flux electric motors for e-two-wheeler and e-three-wheeler applications.3 mins read
Ameya Naik | Nov 1, 2022Auto Sales October 2022: MG Motor India Sells 4367 Units; Posts Month-On-Month Growth Of 14.67%MG Motor India said that it has sold 784 units of the ZS EV in October 2022, which is an all-time high for the company ever since it was launched in 2020.1 min read
Ameya Naik | Nov 1, 2022Jaguar Land Rover To Use Advanced Silicon Carbide Semiconductors For Its EVsThe first Range Rover vehicles with this advanced technology will be available from 2024, and the new all-electric Jaguar brand in 2025.1 min read
