Indian auto industry production stood at 1,991,669 vehicles (passenger vehicles, commercial vehicles, three wheelers and two wheelers) in October 2014 down from 2,088,003 in October 2013 equating to 4.61% decline.
Indian auto industry has reacted positively to diesel price deregulation. The Indian government’s move benefits customers who can now choose car type based on preference and utility.
Through September 2014, Indian auto industry has produced 2,227,140 vehicles over 1,818,753 units in September 2013 to register 22.45% growth driven largely by two wheelers. Total production units include passenger vehicles, commercial vehicles, three wheelers and two wheelers.
ZyFin Researchâ€™s Vehicle Purchase Sentiment Index reveals buying uptrend since April this year. In September 2014, index increase was noted at 2.5 points to 17.5 to reflect moderate positives in consumer willingness to purchase a two- or four-wheeler.
6th edition of Frost & Sullivan Growth, Innovation and Leadership Award for Visionary Innovation, GIL India 2014 saw Ratan Tata receive Frost & Sullivan Growth, Innovation and Leadership (GIL) Award for Visionary Innovation.
On his recent visit to India, Stefan Jacoby, GM Executive Vice President & President, GM International addressed leaders from the global automotive platform, Indian ministers and industry captains at SIAMâ€™s 54th Annual Convention 2014 held in New Delhi.
Delhi: Anant Gangaram Geete, Minister of Heavy Industries and Public Enterprises, Government Of India views the next 5 years as the golden age of the Indian automobile industry and assured the industry of complete support at today’s 54th SIAM Annual Convention.
Delhi: At the 54th Annual Convention of Society of Indian Automobile Manufacturers (SIAM), Dr.Pawan Goenka, Past President, SIAM and Executive Director & President- Automotive and Farm Equipment Sectors, Mahindra & Mahindra unveiled Annual Mission Plan Report, 2006-2016.
H1 2014 has been slow for the auto industry, but Skoda India has reported sales decline below the market average. Despite continues sales decline from January-June, Skoda wouldn’t be too disheartened as it focuses on reinventing itself as a premium vehicle brand here, focusing on sustainable profit over sales volume growth.
Ministry of Road Transport & Highways (MoRTH) has extended its pilot project of cashless treatment worth Rs 30,000 to accident victims on National Highway stretch of Mumbai Baroda, and Ranchi Jamshedpur. The pilot project is operational on the 226 Km Gurgaon-Jaipur National Highway No 8 stretch.
Mr. Joe King, Head, Audi India expects that announcements made by the Finance Minister lead to improving economic sentiment, which as a result would benefit Indian automobile industry in the long run.