Auto Sector

In July, Class 8 truck orders in North America reached a 15-month low of 12,400 units. These orders were down 5% from June.

This transaction will be carried out by Samvardhana Motherson Innovative Solutions Ltd (SMISL), SAMIL's wholly-owned subsidiary.

This move intends to allow the respective businesses to follow their unique objectives with greater agility, hence increasing shareholder value.

The country's largest automaker's April-June revenue increased 9.9% to ₹35,531.4 Crore from ₹32,326.7 Crore in the same period last year.

The collaboration between EVfin and ACKO aims to reduce the financial burden on EV owners in the event of an accident or hospitalisation.

For the quarter ended June 2024, the company's total sales increased by 13.5% to 15.35 lakh units, compared to 13.52 lakh units.

Passenger vehicle dispatches were 1,38,682 units in the April-June quarter, up from 1,40,450 in the same time last year.

Last month, utility vehicles including the Brezza, Ertiga, S-Cross, and XL6 recorded sales of 52,373 units, up from 43,404 the previous year.

Eicher Motors' overseas business demonstrated tenacity in the face of local market volatility, recording a 12% gain in sales.

In May, the well-known producer of motorbikes and scooters had a 4% drop in sales, with 4,98,123 units sold overall.