The report indicates mixed sentiment as two-wheelers and tractors showing resilience, while passenger and commercial vehicles face a more challenging environment
Read MoreFor India, the world’s third largest automobile market with annual sales of around two crore vehicles, the transition from Internal Combustion (ICE) Vehicles to Electric Vehicles (EVs) is non-negotiable
Read MoreConsumers will now have the option to receive refunds either directly to their bank accounts or via coupons, a significant change from Ola's previous policy
Read MoreLimited scrapping facilities and lack of incentives hamper implementation, with more Registered vehicle scrapping facilities (RVSFs) expected in coming years
Read MorePassenger vehicle sales were particularly affected, plunging nearly 19 per cent compared to the same period last year
Read MoreThe company's commercial vehicle segment experienced a challenging quarter, with total CV sales dropping to 84,281 units in Q2 FY25, compared to 1,04,085 units in the same period last year
Read MoreScooter sales grow by 20 per cent, from 155,526 units last year to 186,751 units this year
Read MoreRating agency Icra's outlook on the refining and marketing sector remains stable
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