Passenger vehicle dispatches last month stood at 2,19,421 units compared to 2,52,998 units in December 2020.
Two-wheeler sales also fell 11 per cent to 10,06,062 units, compared to 11,27,917 vehicles in December 2020.
The (revenue) growth forecast for FY2022 has been revised downward by 200 bps to 15-17 per cent from the earlier estimates.
The scheme for the sector was approved with a budgetary outlay of Rs 25,938 crore. It aims at boosting domestic manufacturing of these products.
Audi India had posted a two-fold jump in retail sales at 3,293 units in India in 2021. It had sold 1,639 units in 2020.
BMW Motorrad sold 5,191 motorcycles, posting a remarkable growth of 102.5 per cent as compared to 2020.
The passenger vehicle (PV) retail sales last month fell 10.91 per cent to 2,44,639 units from 2,74,605 units in December 2020.
The 3-row recreational vehicle will be offered in five trim levels, coupled with multiple powertrains and six and seven seating options.
BMW India said over 40 per cent of the sales were generated last year from locally produced sports activity vehicle (SAV) range including the X1, the X3 and the X5.
The company currently exports around 15 models, including the most recent additions Jimny, Suzuki's compact off-roader and the all-new Celerio.
The company currently exports around 15 models, including the most recent additions Jimny, Suzuki's compact off-roader and the all-new Celerio.
The company currently exports around 15 models, including the most recent additions Jimny, Suzuki's compact off-roader and the all-new Celerio.
For 2021, the automaker reported wholesales of 1,30,768 units in the domestic market, up 72 per cent from 76,111 units in 2020.
Chip shortage in the international market has had a bearing on the sales and revenue of car companies that were hoping to cash in on the pent-up demand from bullish consumers who wanted to purchase new vehicles in the festive season.
Zero down on the loan amount and tenure to ensure you can afford the EMIs
Ford’s India exit has brought back the focus on similar exits made by several global auto giants in the past. But, poor product strategy isn’t the only reason behind their pull-out.
Automakers, as per a standard norm, reveal their monthly sales on the first day of the succeeding month.
The measures announced in the scheme bear the potential to make India an export hub in the global auto supply chain and increase cost competitiveness, ICRA stated
He would take his colour, brushes and canvas outside to paint and talk with his love. He would stand close to the window and paint, keeping an eye on his muse.
They say the violin mimics the human sound. In his case, it was that of love, of longing. He didn’t know any other way of loving.
Younger people do not have much progressive beliefs; a 2017 survey found that one-third of young people opposed inter-caste marriage.
The pandemic has made it clear that virtual learning is here to stay. In the West, the big question is whether it will dilute the quality of the college experience and education. In India, which grapples with digital divide, the question remains whether this will reach most people at all.
Even after two years of the Covid-19 pandemic, many 'informed' individuals in India continue to deny the virus with unscientific claims and unfounded data. The latest? Omicron will end the pandemic.
Across Asia there are deeply entrenched obstacles to a mode of higher education that is liberal in multiple senses – disciplinary and epistemological but also social and political.
The two incidents in the recent past, one in Mon district of Nagaland and the other at Lakhimpur Kheri in Uttar Pradesh, undermined the core principles democracy and federalism.