Auto Industry News

Hyundai Motor India registered cumulative sales of 64,004 units in November 2022, which is a growth of 36.4 per cent over November 2021.

The jacked up Huracan Sterrato gets notable upgrades including a 44mm increase in ride height, greater suspension travel and a dedicated Rally drive mode.

Bajaj Auto, India’s biggest exporter of motorcycles, reported overall sales of 3,06,552 units, compared to 3,79,276 units in the same month a year ago. Bajaj Auto’s overall two-wheeler sales skidded 23 per cent from 3,38,473 units in November 2021 to 2,62,120 units in November 2022.

The cumulative wholesales from April to November 2022, registered a growth of 31 per cent when compared to cumulative wholesales in the same period last year.

MG Motor sales were up 64.4 per cent year-on-year though were down by 6.6 per cent compared to October 2022.

Cumulatively, from January to November 2022, Skoda Auto India has sold 48,933 units, which is more than double of the 23,858 cars sold annually in 2021. This also brings the company closer to its 50,000 cars annual target for 2022.

Oil prices rose by as much as $1 per barrel after dropping below key technical support levels in the previous session, as an energy standoff between Europe and Russia focused investor minds on how tight fuel supply may become.

Wolfspeed will build a new multi-billion dollar factory in Chatham County, North Carolina to make the raw materials used for chips that power things like electric vehicles.