Cars News

Mobileye, which confidentially filed for its IPO earlier this year, reported first-half revenue of $854 million, a 21% jump from the year-ago period, according to its IPO filing. In 2021, Mobileye posted $1.4 billion of revenue.

The record sales growth is primarily attributed to the sales performance on new launches like the Virtus sedan and Taigun SUV.

The substantial surge in the sales growth of passenger vehicles is primarily attributed to the low base owing to the semiconductor chip crisis last year.

Kia India reported a year-on-year sales growth of 79 per cent in the month with the Seltos firmly remaining the brand’s best-seller.

Month-on-Month cumulative sales grew by 20 per cent over August 2022.

The new Aston Martin DBX 707 is the more potent, souped-up version of the Aston Martin DBX.

Hyundai Motor India reported cumulative sales of 63,201 units in September 2022 with 49,700 units sold in the domestic market.

Overall (Domestic + Export), the company recorded a growth on 13.54 per cent selling 11,047 units in September 2022.