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Vehicle Scrapping Policy may reduce auto component prices by 30 pc Gadkari

Vehicle Scrapping Policy may reduce auto component prices by 30 pc Gadkari

by AIP Online Bureau | Mar 25, 2025 | Eco/Invest/Demography, Indian News, Technology

The demand for EVs will grow as the government is taking various steps to improve the charging infrastructure in cities and on highways. The adoption of EVs will also increase as the prices of input materials come down, Union Minister Nitin Gadkari said New Delhi:...

US tariff imposition to hit pharma segment; auto sector likely to face minimal impact

by AIP Online Bureau | Mar 9, 2025 | Data, Eco/Invest/Demography, Policy

Terming India as a very high tariff nation, US President Donald Trump has said that reciprocal tariffs on countries that impose levies on American goods will kick in on April 2 New Delhi: Enhanced tariffs on pharma imports in the US can severely impact Indian drug...

Auto sales: Retail sales up 9% in India, crosses 26 million units in 2024

by AIP Online Bureau | Jan 3, 2025 | Data, Eco/Invest/Demography, Non-Life, Policy

In 2024, EV sales reached 1.95 million units, up from 1.5 million in 2023. EV penetration also went up to 7.5%, compared with 6.39% in the previous year. Driven by rising private consumption and disposable incomes, India saw vehicle retail sales increase by at least...
Automotive to sustainable mobility EVs and beyond Auto industry’s journey for 2025

Automotive to sustainable mobility EVs and beyond Auto industry’s journey for 2025

by AIP Online Bureau | Dec 24, 2024 | Eco/Invest/Demography, Features, Non-Life, Technology

SIAM Director General Rajesh Menon said the passenger vehicle segment continued its steady performance led by sustained demand for SUV segments and good adoption of new energy vehicles, such as electrics, hybrids and gaseous fuel vehicles New Delhi: Traversing from...
Auto retail sales up 11.21 pc in Nov riding on two-wheeler demand FADA

Auto retail sales up 11.21 pc in Nov riding on two-wheeler demand FADA

by AIP Online Bureau | Dec 9, 2024 | Data, Eco/Invest/Demography, Policy

“although rural interest was present, it failed to significantly improve sentiment. Inventory levels have reduced by about 10 days, but to remain high at around 65-68 days”FADA President, C S Vigneshwar New Delhi: Retail sales of vehicles across categories...
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