New Delhi, April 15 (IANS) The Delhi Government’s draft electric vehicle policy (2024–2030) could drive a sharp uptick in EV sales once implemented but prompt short‑term deferral of purchases, a report said on Wednesday.The draft EV Policy with a government outlay of about Rs 40,000 crore outlines a clear roadmap to accelerate EV adoption, supported by upfront incentives, stringent mandates, and scrappage-linked benefits, the report from Axis Direct said.The policy targets 100 per cent ele…
Latest Two-wheelers News & Updates
New Delhi, April 14 (IANS) Domestic passenger vehicle dispatches to dealers increased by 16 per cent (year-on-year) to 4,42,460 units in March, driven by improved demand and inventory build-up at dealerships, according to data released by the Society of Indian Automobile Manufacturers (SIAM) on Tuesday.Passenger vehicle wholesales had stood at 3,81,358 units in March last year.Two-wheeler dispatches also recorded strong growth, increasing 19.3 per cent to 19,76,128 units last month compared to 1…
Mandla, April 12 (IANS) One person was killed, and three others were injured when a speeding Sports Utility Vehicle (SUV) went out of control and crashed into four two-wheelers near Chandni Paan Centre in Collectorate Colony in Madhya Pradesh’s Mandla city. The incident occurred around midnight at a T-shaped turn close to the busy paan shop. According to police and eyewitnesses, the SUV was being driven rashly. As it took the sharp turn, the driver lost control of the vehicle, which then rammed …
New Delhi, April 6 (IANS) The Indian auto retail industry delivered an all-time high of 2,96,71,064 units in FY26 with a broad-based 13.30 per cent growth (year-on-year), that saw five of six vehicle categories set new annual records, data released by the Federation of Automobile Dealers Associations (FADA) said on Monday.This represents the domestic auto industry approaching the 3-crore mark in a financial year, a milestone that would have seemed distant just two years ago. “What makes this y…
New Delhi, April 3 (IANS) The cost pressures facing Indian auto companies are being systematically underestimated by the market, even as investor sentiment on India has taken a distinctly more cautious turn, according to a report released on Friday.A BNP Paribas analysis found investors reluctant to take a clear directional position on the market. Hedge funds were largely removing tilts and factor exposures from their portfolios, with several actively reducing gross exposure.The rapid reversal o…
New Delhi, March 27 (IANS) India’s automobile sector growth is likely to moderate in FY27 after a strong, policy‑led expansion in FY26, with demand having benefited from GST cuts, improved affordability and resilient economic activity, a report said on Friday.The report from ICRA said GST changes primarily drove the demand, by improving affordability in two‑wheelers and enhancing fleet economics in commercial vehicles.The commercial vehicle segment led the upcycle aided by GST rate cuts, h…
New Delhi, March 5 (IANS) India’s retail vehicle sales registered a strong 25.62 per cent year-on-year growth at 24.09 lakh units in the month of February — surpassing the previous best February of 2024, the Federation of Automobile Dealers Associations (FADA) said on Thursday.The growth was broad-based across almost all segments. On an annual basis, the two-wheeler segment grew by 25.02 per cent, three-wheelers by 24.39 per cent, passenger vehicles by 26.12 per cent and commercial vehicle…
New Delhi, Feb 24 (IANS) India’s retail lending portfolio grew to Rs 162.7 lakh crore in Q3 FY26, up 18.1 per cent year‑on‑year, with 690 million active loan accounts and improved asset quality, a report said on Tuesday.The report from Credit bureau CRIF High Mark said Portfolio at Risk (PAR) with repayments overdue by 31 to 180 days declined to 3.1 per cent from 3.6 per cent a year earlier. Quarterly originations rose 41 per cent YoY to Rs 25.3 lakh crore, the report said.Gold loan origin…
New Delhi, Feb 13 (IANS) The domestic passenger vehicle sales grew 12.6 per cent (year-on-year) to 449,616 units in January, compared to 399,386 units in January 2025, according to data released by industry body Society of Indian Automobile Manufacturers (SIAM) on Friday.Total sales of passenger vehicles, three-wheelers, two-wheelers, and quadricycles in January stood at 2,927,394 units.Three-wheelers witnessed strong growth of 30.2 per cent compared to January of the previous year, with sales o…
New Delhi, Feb 10 (IANS) Overall vehicle retail market in India grew 17.61 per cent (year‑on‑year) with sales of 27,22,558 units in January, driven by strong demand in two‑wheelers and passenger vehicles, industry body Federation of Automobile Dealers Associations (FADA) said on Tuesday.Passenger vehicle (PV) retail rose 7.22 per cent to 5,13,475 units in January, with urban markets accounting for about 59.2 per cent of sales volumes, the statement from FADA said.Rural PV retail grew 14.43…