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Cholamandalam sees rural demand boom in vehicle financing

Cholamandalam sees rural demand boom in vehicle financing

Shahkar Abidi     calendar09 May 2024

The company's vehicle financing disbursements grew by 6% in Q4 FY24 to Rs 12,962 crore and by 22% in FY24 to Rs 48,348 crore compared to the corresponding quarters in FY23.

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Premium hatchback market to grow to 1 million units by 2030, says Maruti Suzuki's Partho Banerjee News
Premium hatchback market to grow to 1 million units by 2030, says Maruti Suzuki's Partho Banerjee

By Prerna Lidhoo and Kiran Murali calendar09 May 2024

The new head of sales and marketing at Maruti Suzuki says with the growing economy, the car penetration per 1000 peopl...

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Maruti Suzuki invests Rs 1,450 crore in fourth-gen Swift priced at Rs 6.49 lakh News
Maruti Suzuki invests Rs 1,450 crore in fourth-gen Swift priced at Rs 6.49 lakh

By Mayank Dhingra  calendar09 May 2024

Beyond tooling and dies, a portion of the total capex has undergone in the new Z-series, 1.2-litre, three-cylinder pet...

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Hatchback segment needs a catalyst for growth, 4th Gen Swift re-energises the segment: Hisashi Takeuchi News
Hatchback segment needs a catalyst for growth, 4th Gen Swift re-energises the segment: Hisashi Takeuchi

By Kiran Murali and Prerna Lidhoo calendar09 May 2024

The hatchback segment, which accounts for 28% of the overall passenger vehicular market, will remain relevant in the f...

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Tata Motors launches Tata Ace EV 1000 for last mile mobility News
Tata Motors launches Tata Ace EV 1000 for last mile mobility

autherAutocar Professional Bureau calendar09 May 2024

The Ace EV is equipped with an advanced battery management system, Fleet Edge telematics system and robust aggregates ...

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Honda Motor opens new R&D facility in Bengaluru News
Honda Motor opens new R&D facility in Bengaluru

autherAutocar Professional Bureau calendar09 May 2024

The R&D Center will incorporate advanced mobility technologies into electric vehicle development more quickly as well ...

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L&T Tech and Forvia partner for ultra-low IC engine emissions engineering News International
L&T Tech and Forvia partner for ultra-low IC engine emissions engineering

autherAutocar Professional Bureau calendar09 May 2024

As part of this five-year partnership and a near-Rs 400 crore contract, 300 engineers from Forvia’s Augsburg and Benga...

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Hero MotoCorp to establish new two-wheeler unit in Brazil News
Hero MotoCorp to establish new two-wheeler unit in Brazil

autherAutocar Professional Bureau calendar08 May 2024

It will invest in the new entity in phases, and cater to the manufacturing and distribution of two-wheelers, including...

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Subsidies needed for longer time to support EV industry, says Hero MotoCorp News
Subsidies needed for longer time to support EV industry, says Hero MotoCorp

By Kiran Murali calendar08 May 2024

The automaker’s management noted that the company is prepared to deal with a lower subsidy regime for electric two-whe...

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Organised tyre retreading to grow at 7-9% CAGR during FY2023-26, as recycling norms provides push News
Organised tyre retreading to grow at 7-9% CAGR during FY2023-26, as recycling norms provides push

By Shahkar Abidi calendar08 May 2024

Re-treading costs 20-50% of a new tyre due to the reuse of the casing, a key component accounting for roughly one-thir...

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POLL OF THE MONTH

Can GST Cuts Give Long-term Boost to Auto Sales?

Can GST Cuts Give Long-term Boost to Auto Sales?

Yes

 

63.96%

No

 

36.04%

Total Votes : 727