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Electric vehicles (EVs) accounted for 8% of total vehicle retail in May, according to data from the Federation of Automobile Dealers Associations. Sales rose 10% in May year-on-year, but the industry is still 2% below pre-pandemic levels. Challenges include inventory issues, regulatory norms and weather-induced walk-in reductions. Two-wheeler sales grew 9% YoY as rural demand rose, resulting in more demand for EVs. The EV market is expected to benefit from the second phase of India's Faster Adoption and Manufacturing of Electric and Hybrid Vehicles scheme, but was hit by a subsidy cut.

The much-awaited recovery in two-wheeler sales is finally showing signs of emergence, with the wedding season and a surge in rural incomes giving the segment a much-needed boost. Analysts expect two-wheeler volumes to continue to grow thanks to a recovery in rural and export markets. Hero MotoCorp crossed the 5 lakh sales mark with a volume of 5.19 lakh units in May, recording an increase of 7% YoY and 41% when compared to April 2023.

Here are the sales of the top automakers in India for May 2023, including electric vehicle makers such as Ola Electric and A...

Automaker Kia India on Thursday said its total wholesales increased 3 per cent to 24,770 units in May. The company undertook a plant maintenance shutdown from May 15-20. It had dispatched 24,079 units to dealers in May 2022.

Electric two-wheeler makers TVS Motor Company, Ather Energy and Ola Electric have increased prices of their products as curtailed subsidy structure comes into effect from June 1.

Two and three-wheeler maker TVS Motor Company Ltd has hiked the price of its electric two-wheeler between Rs 17,000 - Rs 22,000 depending on the variant.

Passenger vehicle sales hit 32,886 units in May compared with 26,904 units a year earlier. The company’s total tractor sales, however, was down 4% on year at 34,126 units. Total exports were at 2,616 units in May, up 29% from last year.

Anaemic demand for small cars and a slippage in exports weighed on total sales in May. Utility vehicle sales rose 65% to 46,243 units as against 28,051 vehicles in the year-ago month. Exports declined 3% to 26,477 units as against 27,191 units last year.

Homegrown electric vehicle company Ather Energy on Thursday announced a new e-scooter '450S', powered by a 3 kWh battery pack, which will bring much desired performance-centric EV mobility to more commuters in the country.

Toyota Kirloskar Motor on Thursday said its total sales surged two-fold to 20,410 units in May, its highest-ever in a month. The automaker had dispatched 10,216 units in the same month last year. The company said its domestic wholesales last month stood at 19,379 units.

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Auto major Mahindra & Mahindra on Friday reported a 22% year-on-year (YoY) increase in Q4 standalone net profit to ₹1,549 crore, falling short of analyst estimates. For FY23, net profit grew 34.5% to ₹6,549 crore from ₹4,870 crore in FY22, thanks to higher volumes and cooling inflation. M&M’s standalone revenue in Q4 grew 31% YoY to ₹22,571 crore, beating analyst estimates of ₹21,899 crore. For FY23, its revenue grew 47% to ₹84,960 crore.

Cavelossim (Goa), Domestic passenger vehicles sales, specially those of SUVs, are expected to remain strong this fiscal desp...

Here we compare the new Simple One electric scooter with the Ather 450X Pro Pack variant....

Bengaluru-based Simple Energy took the wraps off its much-awaited electric scooter, on Tuesday. The company claims that its scooter with 212-kilometre range is better than that of existing scooters, at comparable prices. This scooter will directly compete with the likes of Ola S1 Pro, Ather 450X and the Hero Vida V1 series, among others.

New Delhi, May 22 (PTI) Tata Motors on Monday launched the CNG version of its premium hatchback Altroz at an introductory price of Rs 7.55 lakh (ex-showroom all-India). The Altroz iCNG comes in six variants priced between Rs 7.55 lakh and Rs 10.

The Federation of Automobile Dealers Associations (FADA), the leading body of automobile retail in India, on Thursday submitted a critical representation to the Goods and Services Tax (GST) Council, urging an immediate reduction in the GST rate on two-wheelers from the current 28 per cent to 18 per cent. This timely and decisive intervention is aimed at making two-wheelers more affordable, reviving demand and reinvigorating an industry that has seen a significant slump in sales over the past few years, according to a statement from FADA.

The Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme was introduced by the government to promote the adoption of electric vehicles in the country by subsidising the cost of vehicles. According to a report by Economic Times, the Ministry of Heavy Industries has recommended the government to slash the cap of subsidy on electric two wheelers from the present 40% to 15% of the ex-factory price. This, the officials said, will help to spread the incentive to a larger number of vehicles.

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