Two-wheeler

January 7, 2025 12:07 PM

India logs 9.1% jump in automobile sales in 2024 with growth in most segments

India's retail automobile sales witnessed a robust 9.1% growth in 2024, reaching 2.61 crore units, overcoming hurdles such as extreme weather conditions, elections, and uneven monsoons, according to data released by the Federation of Automobile Dealers Association (FADA). Segment-wise, two-wheeler sales registered a notable 10.7% increase, while three-wheelers grew by 10.4%, passenger vehicles by 5.1%, and tractors by 2.5%. However, the commercial vehicle segment remained nearly flat, with a ma...

New players emerge as India’s EV two-wheeler market expands

India's electric vehicle (EV) two-wheeler market is witnessing a surge in competition as the government rolls out incentives for the production and purchase of EVs. A wave of new entrants is now challenging established players to secure a share of this fast-growing segment. One such newcomer is Warivo Motors, based in Gurgaon, Haryana. Warivo Motors, which aims to compete with major brands like Ola, TVS, and Ather, has established a production facility in Haryana's Sirsa district. Rajiv Goel, D...