Tata Motors recently reported a drop in Q2 profits and its first revenue decline in 10 quarters, mainly due to weaknesses in its luxury brand Jaguar Land Rover and domestic sales. The company expects a turnaround in Q3, with the festive season and wedding season driving up demand. Despite a broader decline in Indian consumption,…
Nissan Motor India experienced a surge in demand during the festive season in October 2024, with the New Nissan Magnite driving strong sales. The company reported 5,570 wholesale units dispatched, with domestic sales accounting for 3,121 units and exports making up 2,449 units. The Managing Director expressed gratitude for the positive response from customers and…
Sonalika Tractors, a leading tractor export brand in India, achieved its highest-ever monthly sales record in October 2024 by selling 20,056 tractors. This success was attributed to their customer-centric approach, wide dealership network, and commitment to providing high-quality, regionally customized tractors. The company’s focus on offering reliable and tailored solutions has established it as a…
In October 2024, overall fuel consumption in India increased by 2.9% compared to the same month the previous year. This rise was driven by increased petrol and diesel sales, fueled by higher vehicular and economic activity during the festive season. While petrol consumption saw a significant 8.6% increase, diesel sales only grew by 0.18% year-on-year….
Volkswagen’s premium sedan, the Virtus, has been a hit with Indian customers since its launch in 2022. In October 2024, it achieved its highest-ever monthly sales of 2,351 units, solidifying its position as the top-selling premium sedan in India. The Virtus saw a 32 percent increase in sales compared to the previous year, reflecting its…
Honda reported strong sales growth in October, selling a total of 5,97,711 units, marking a 21 per cent increase over the same period last year. Domestic sales were up by 20 per cent, while exports also saw a significant 48 per cent rise. The company has sold a total of 37,56,088 units so far in…
In October 2024, Nissan launched the 2024 Magnite with a starting price of ₹5.99 lakh, competing with cars like Maruti Suzuki Brezza and Tata Nexon. Nissan Motor India recorded wholesales of 5,570 units, with 3,121 units sold domestically and 2,449 units exported. The facelifted Magnite features a revised front bumper, new grille, and updated headlights,…
KSRTC has achieved record-breaking online ticket sales during the festive season thanks to its upgraded booking system, AWATAR 4.0. This system promotes eco-friendly e-ticketing at KSRTC counters, reducing the need for pre-printed tickets. The new system includes QR-coded tickets, making it easier for passengers to board buses by scanning their tickets. During Deepavali, KSRTC saw…
AutoNxt has introduced India’s first electric tractor, aiming to revolutionize the future of farming and other industries. The tractor was officially launched at an event attended by industry leaders and members of the local farming community. The electric tractor offers impressive capabilities such as transporting goods, performing various tasks, and covering a good distance on…
Sonalika Tractors has achieved a significant milestone by setting a new performance benchmark with its highest ever domestic year-to-date sales of 63,136 tractors. The company’s ‘Make-in-India’ initiative has drawn global attention to the quality of manufacturing in India, making Sonalika a key player in the tractor industry. To further support farmers, Sonalika has launched its…