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The automotive industry in India is the world's fourth-largest by production and valuation as per 2022 statistics. [ 1 ] [ 2 ] [ 3 ] As of 2023, India is the 3rd largest automobile market in the world in terms of sales.
As a result of this General Motors India announced an electric version of their hatchback in the New Delhi Auto Expo 2010: named the e-Spark, Reva was to provide battery technology. [10] On 26 May 2010, India's largest sports utility vehicles and tractor maker Mahindra & Mahindra bought a 55.2% controlling stake in Reva.
It covers news about the automobile industry and is currently owned by the Mahindra Group, having been acquired from NDTV. The platform is also known as NDTV Auto and serves as a marketplace for both new and used cars, while also publishing reviews from the automotive sector. [3] [4] Girish Karkera is the current editor-in-chief of Carandbike. [5]
The company released its first product in the Indian automotive market with the launch of the Qualis in 2000. Occupying the multi utility vehicle (MUV) segment, sales of the model grew within a short span of 2 years to capture 20 per cent market share from established local manufacturers such as Mahindra and Tata Motors .
Although initially criticised by auto-analysts, its excellent fuel economy, powerful engine and an aggressive marketing strategy made it one of the best selling cars in the history of the Indian automobile industry. A newer version of the car, named Indica V2, was a major improvement over the previous version and quickly became a mass favourite.
JSW MG Motor India Pvt Ltd, previously MG Motor India Private Limited until 2024, is an automobile manufacturer in India, which was established in 2019.Since 2023, it is a joint venture between the Mumbai-based Indian multinational conglomerate JSW Group and Shanghai-based Chinese automotive manufacturer SAIC Motor, a Chinese state owned automobile manufacturer which markets vehicles under the ...
This plan was introduced by the government of India in 2012 to increase national fuel security through the promotion of hybrid and electric vehicles. [28] India's auto industry contributes 22 percent to manufacturing GDP, a percentage expected to increase to 25 percent by 2022 with the new manufacturing policy. [29]
Founded in 1964, the Federation of Automobile Dealers Associations (FADA), is the apex national body of Automobile Retail Industry in India engaged in the sale, service and spares of 2- and 3- Wheelers, Passenger Cars, UVs, Commercial Vehicles (including buses and trucks) and Tractors. FADA India represents over 15,000 automobile dealerships ...