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December 10, 2024, 06:17 PM - 3 min read
"First is the USA—Rs 78 lakh crore; the second-largest automobile industry is in China—Rs 47 lakh crore, and now India is at Rs 22 lakh crore. I am confident that within 5 years, we want to make the Indian automobile industry number 1 in the world," Union Minister Gadkari said while speaking at the Amazon Smbhav Summit.
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October 20, 2024, 02:06 PM - 3 min read
India's automobile exports rose 14% in the first half of the fiscal year, driven by increased shipments of passenger vehicles and two-wheelers, with total exports reaching 2,528,248 units, despite a decline of 5.5% .
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August 6, 2024, 04:38 PM - 2 min read
Retail sales of passenger vehicles in India rose 10% in July to 320,129 units, driven by new models and discounts. Two-wheeler sales grew 17%, while commercial vehicles increased by 7%. However, high inventory levels pose a risk to dealer sustainability, and tractor sales declined by 12%.
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April 14, 2024, 01:12 PM - 2 min read
While commercial vehicle, two-wheeler, and three-wheeler shipments saw declines, passenger vehicle exports managed a marginal growth of 1.4% in FY24. Maruti Suzuki led the passenger vehicle segment with significant exports, followed by Hyundai Motor India, Kia Motors, Volkswagen India, Nissan Motor India, and Honda Cars.
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