Cars India Ltd. (HCIL) registered monthly domestic sales of 8,291 units in
August 2019 whereas the number of export units stood at 227. The company had
sold 17,020 units in domestic market in August 2018. The fall in domestic sales
is to the tune of (-) 51 per cent.
company’s Aug’19 results are also on a higher base of Aug’18 when all new Amaze
was in its early months after mega launch.
Goel, Senior Vice President and Director-Sales and Marketing, Honda Cars India
Ltd said, “The auto sector continues to witness high de-growth due to poor
consumer sentiment. This is despite the high discounts prevailing in the market
which makes it the best time to buy cars. We hope the recent measures taken by
the government will help in improving consumer sentiment and demand creation as
we move forward. With the impending festive season, the sales are likely to
pick-up in coming months.”
Bolt, India’s largest EV charging network, announced the launch of Bolt Lite, India’s first safest, smartest and most affordable universal EV charging socket.
Renon India, one of India’s leading energy storage companies, has launched its swappable smart batteries, Groot, for electric 2-wheelers. The Li-ion battery pack for low and medium speed EVs is built ...
MG Motor India introduced ‘MG Service on Wheels’ initiative to provide customers with car repair and maintenance services from the comfort of their homes. This service outreach programme reinforces th...