Auto Sector

During the quarter, Royal Enfield sold 227,925 motorcycles, increasing 6.17% from 214,685 motorcycles sold in FY 2022-23.

TML's revenue in the fourth quarter of fiscal year 2023-24 was ₹120.0K Crore, up 13.3% over the same period last year.

He joined Mahindra in 2022 to lead the company's European operations, which included Peugeot Motors and Automobili Pininfarina.

For the entire fiscal year, the company's standalone net profit increased by more than 64% to ₹13,209 Crore.

According to the statement, CG Motors, a division of the Chaudhary Group, plans to quickly grow its sales and service network throughout Nepal to meet the increasing demand from customers.

HMSI now sells to 58 markets in Europe, Central and Latin America, the Middle East, Southeast Asia, Japan, Australia, New Zealand, and SAARC countries.

Bajaj Auto also said that commercial vehicle sales had increased, while electric three-wheeler volumes were continuing to expand.

Hero MotoCorp's total sales climbed 5.5% year on year in FY24 to 56.21 lakh units. It stated that it sold 53,28,546 units in 2022-23.

Shashank Srivastava, the current head of the company's marketing and sales division, will join the executive committee on April 1.

The Scheme may help the foreign brand get an entry into the India market. However, if the OEM is unable to meet the listed conditions (investment, timelines, localisation), it would be liable to pay the “customs duty foregone” to the government.