Auto Industry News

In November 2021, Toyota's total sales stood at 13,003 unit, a YoY growth of 53 per cent compared to 8,508 units sold during the same month in 2020. However, compared to 12,440 units sold in October 2021, Toyota saw a MoM growth of 5 per cent.

Kia's sales have declined on a month on month basis by almost 13 per cent, while the year-on-year decline is big too as sales compared to November 2020 have dropped by 32.3 per cent as well.

The chip shortage issue has equally disrupted the auto component industry where component makers too have witnessed production cuts.

Maruti Suzuki India, has reported selling 1,39,184 units in November 2021, a decline of 9 per cent compared to the same month in 2020. However, the company did achieve its highest ever monthly exports of 21,393 units.

The service, which allows users to place orders from nearby partnered supermarkets, is likely to land in the first Latin American market in the first half of 2022.

In November 2021, Hyundai Motor India's total sales stood at 46,910 units, out of which domestic sales accounted for 37,001 vehicles, while exports stood at 9,909 units.

The commemorative stamp design features the founders of the Group- JC and KC Mahindra and is inspired by miniature art and uses a modern graphical style to illustrate the various facets of the Group.

The Delhi government has reduced the value-added tax (VAT) on petrol to 19.40 per cent from the earlier 30 per cent, effectively bringing the price down by Rs. 8 per litre. The revised prices will come into effect in Delhi from midnight today.