Prime Minister reviews India's first indigenous alkaline electrolyser by BPCL

Bharat Petroleum Corporation Limited (BPCL), a leading player in the energy sector, marked a significant milestone at the India Energy Week 2024 in Goa. Prime Minister Narendra Modi reviewed the operation of the fir...

ASDC advocates skilling for EV industry at Bharat Mobility Global Expo -2024

Automotive Skill Development Council (ASDC), operating under the Ministry of Skill Development and Entrepreneurship, made a remarkable presence at India's inaugural Bharat Mobility Global Expo – 2024.

Beginning of golden period for mobility sector, says PM

“India is on the move and is moving fast”, said Prime Minister Narendra Modi while addressing a programme at India’s largest and first-of-its-kind mobility exhibition - Bharat Mobility Global Expo 2024 at Bharat Man...

Big thrust on strengthening  EV ecosystem in Interim Budget 2024-25

Business leaders in the automotive space hailed the Interim Budget 2024-25 presented by Finance Minister Nirmala Sitharaman for its clear focus on strengthening the electric vehicle ecosystem at large.

HMI completes acquisition of General Motors India Talegaon Plant

Hyundai Motor India has completed acquisition and assignment of identified assets at General Motors India’s Talegaon Plant in Maharashtra. The acquisition has been completed post fulfilment of certain conditions and...

LMG Manufacturing GmbH inaugurates i-Force plant in Hoym, Germany

The aluminum die-casting specialist LMG Manufacturing inaugurated its new production hall in Hoym/Seeland after just ten months of construction.

BMW sells record 14,172 cars, 8768 bikes in CY 2023 in India

BMW Group India has continued its record-breaking success in 2023 by posting the best-ever annual sales (January – December) – for all three brands – BMW, MINI and BMW Motorrad. BMW Group India delivered 14,172 cars...

Hyundai Motor India commits additional Rs 6180 Crore for Tamil Nadu

Hyundai Motor India Limited (HMIL), announced Rs 6 180 crore investment plans in the state of Tamil Nadu (this includes Rs 180 crore towards a dedicated ‘Hydrogen Valley Innovation Hub,’ in association with IIT- Mad...

India should avoid going the US way and slow down buying of SUVs

India a country with one of the highest fatal road accidents should avoid going the United States (US) way of going in for more for Sports Utility Vehicles (SUVs) as they make the roads less safe for other small c...

Cashless medical treatment to all injured accident victims soon, says Govt

Union Ministry of Roads Transport & Highways (MoRTH) is planning to introduce cashless medical treatment to all injured accident victims across the nation within the next three to four months.

Maruti Suzuki crosses 10 lakh automatic vehicle sales milestone

Maruti Suzuki India Limited (MSIL) has crossed the 10 lakh automatic vehicle sales milestone. As a pioneer brand in automotive innovation, Maruti Suzuki has played a critical role in popularising two-pedal automatic...

BMW Group India records best-ever year to date performance for all brands

After posting the best-ever half-year in 2023, BMW Group India continues the success story by posting the best-ever year to date sales (January – September) – for all three brands – BMW, MINI and BMW Motorrad. In th...

Honda, Mitsubishi Corporation, sign MoU to explore new businesses in EV age

Honda Motor Co and Mitsubishi Corporation (MC) have announced the signing of a memorandum of understanding (MoU) to begin discussions toward the creation of new businesses with an aim of leveraging the strengths of ...

Ground-breaking innovations unveiled as TrafficInfraTech Expo opens its doors

October 11, 2023 marked the inaugural day of the highly anticipated TrafficInfratech Expo with its concurrent shows Parking Infra Tech Expo, Road Infra Tech Expo and Smart Mobility Expo. The event kicked off at Prag...

Indian automotive industry could reach $1 trillion by 2035: Arthur D. Little Report

India's automotive industry can become a global hub for design, development, and production, appealing to international mark. The Indian automotive industry can drive investments and collaboration, paving the way fo...

Domestic market for PVs with ADAS to cross $1 b by fiscal 2028: Crisil

According to a Crisil Market Intelligence & Analytics report, the domestic market for passenger vehicles with ADAS or Advanced Driver Assistance System s will cross US 1 billion by financial year 2028.

Indian Govt launches Bharat NCAP (New Car Assessment Programme)

Union Minister of Road Transport and Highways Nitin Gadkari launched the Bharat New Car Assessment Programme (Bharat NCAP) in New Delhi aiming to enhance road safety by elevating vehicle safety standards for up to 3...

Urban-X by Mini introduced in India

Mini India announced the launch of Urban-X by Mini in India. Urban-X supports Indian urban tech startups for the first time under the global Mini Impact Program.

Government to continue FAME subsidy

The government is continuing with the FAME subsidy to bridge the price difference in EV

Temasek to invest Rs 1200 crore in Mahindra’s EV subsidiary

Mahindra & Mahindra and Temasek, the Singapore-headquartered global investment firm, have executed a binding agreement for Temasek to invest Rs. 1200 crore into MEAL (Mahindra Electric Automobile Limited), the four-...

SIAM launches road safety, awareness programme for school children

The Society of Indian Automobile Manufacturers (SIAM), the apex body of the automobile industry, has launched the "Road Safety Education & Awareness Programme" exclusively designed for school students across the cou...

SIAM seminar on circular economy through EPR

In order to drive circular economy, the Society of Indian Automobile Manufacturers (SIAM), the apex automotive industry body, organised a seminar on 'Achieving Circularity in the Automotive Industry through Extended...

SMEV proposes a compromise solution to FAME subsidy payments issue

The SMEV has indicated reaching a possible breakthrough on the vexatious issue of subsidy payments that created a crisis in the EV industry and a log jam with the MHI.

Hyundai foundation launches ‘Eco-Gram’ Waste Management Program

Hyundai Motor India Foundation (HMIF), the philanthropic arm of Hyundai Motor India Ltd. (HMIL), inaugurated a waste management plant in Gurugram.

Saffron clad chief evangelist may bring succour to Indian electric 2W industry

The electric two wheeler industry in India is in disarray and in order to bring in a semblance of order, it has wrapped itself in saffron, or so it seems, for the time being, hoping to extricate itself from a sticky...

Maharashtra, Gogoro to manufacture, deploy smart battery infrastructure

The Indian State of Maharashtra and Gogoro Inc, a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, announced that the Maharashtra government had presente...

Indian Automobile Industry valued at $ 108 Billion in 2022-23: Primus Partners

Primus Partners Pvt. Ltd. (Primus), a pioneer in the realm of management consulting services reported that the automobile industry registered an astounding employment figure of over 1.9 crore++ occupying paramount i...

ReadyAssist, Okaya EV partner to provide full stack after sales support

ReadyAssist and Okaya EV have announced their strategic partnership to provide a full stack after sale service and emergency assistance to Okaya’s B2B and B2C customers. Okaya EV is an EV 2-wheeler manufacturer and ...

SMEV asks for contingency support from Ministry of Commerce and Industry

Society of Manufacturers of Electric Vehicles (SMEV), the registered association representing Indian manufacturers of electric vehicles , has in its latest communication reached out to the Minister of Commerce and I...

SMEV petitions NGT to support Green Tax on ICE 2 wheelers

The Society of Manufacturers of Electric Vehicles (SMEV), the registered association representing Indian manufacturers of electric vehicles, has petitioned the National Green Tribunal (NGT) expressing concerns that ...

Retail auto sales records 10pc growth YOY, reveals FADA May 2023 data

Overall, the Indian automobile market has witnessed a resurgence across the various segments for the month of May 2023. This was revealed in the retail sales figures announced by the Federation of Automobile Dealers...

Electric two wheeler industry besieged with woes of a strange kind

Usually every industry has a body that represents the genuine grievances, fears and wishes of companies it represents. The Society of Indian Automobile Manufacturers (SIAM) represents OEMs (vehicle manufacturers) op...

Honda Motorcycle & Scooter India commences all India despatches of Shine motorcycle

Honda Motorcycle & Scooter India (HMSI) has commenced all India despatches of Shine from its 3rd Factory in Narsapura (Karnataka).

Skoda Auto Volkswagen India launches student car project in India

Skoda Auto Volkswagen India Private Limited (SAVWIPL), which manages the Indian region of five Volkswagen Group brands – Skoda, Volkswagen, Audi, Porsche, and Lamborghini, has announced its first-ever student car pr...

Modern Automotives to export differential pinion shafts to BMW AG

Modern Automotives Ltd. has become the first Indian company to achieve approval for deliveries of differential pinion shaft to BMW AG Munich. The order comprises 2.5 million units to be delivered by 2034.

Tsutsumu Otani is new President, CEO, MD of Honda 2 Wheelers

Honda Motor Co., Ltd. announced the new top management in Honda Motorcycle & Scooter India (HMSI). Tsutsumu Otani will be taking on new responsibility as the President, CEO & Managing Director of Honda Motorcycle &...

Pinnacle Industries announces EvolutioNARI recruitment drive for women

In a big push towards widening the pool of women workforce in the automotive manufacturing sector, Pinnacle Industries has announced one of the largest women-only recruitment campaigns christened as ‘EvolutioNARI’.

BorgWarner announces Brady Ericson, Chris Gropp  as Phinia senior management

BorgWarner has announced Brady Ericson will serve as President and Chief Executive Officer, and Chris Gropp will serve as Executive Vice President and Chief Financial Officer of the separate, publicly traded company...

Hero Electric, Dhoot Transmission partner for wiring harness solutions

Hero Electric, India’s largest electric vehicle company, has partnered with Dhoot Transmission Pvt. Ltd for new wiring harness solutions. Under the partnership, Hero Electric’s products will be equipped with the lat...

Maharashtra alliance to build $2.5 billion battery swapping infrastructure

The Indian State of Maharashtra announced a strategic energy partnership with Gogoro Inc. and Belrise Industries (erstwhile known as Badve Engineering Ltd) to establish an unprecedented battery-swapping infrastructu...

Maharashtra alliance to build $2.5billion battery swapping infrastructure

The Indian State of Maharashtra announced a strategic energy partnership with Gogoro Inc. and Belrise Industries (erstwhile known as Badve Engineering Ltd) to establish an unprecedented battery-swapping infrastructu...

Gestamp showcases latest innovations for present, future mobility

Gestamp, the Spanish multinational Tier 1 supplier, specialised in the design, development and manufacturing of components for the automotive sector, announced its fourth hot stamping line in India at the 16th Auto ...

59 products launched, unveiled on Day 1 of Auto Expo 2023

On the first media day at the Auto Expo 2023 in Greater Noida, vehicle exhibitors in total launched and unveiled over 59 products, including both global and India premier.

Kalyani Group green steel under the brand Kalyani Ferresta

Saarloha Advanced Materials Private Limited (Saarloha), a Kalyani group company, has launched first of its kind in India, green steel under the brand “Kalyani Ferresta” in the presence of Jyotiraditya Scindia, Union...

Lanxess, Kautex Textron develop safe battery enclosures for EVs

Technical plastics such as polyamide 6 offer numerous benefits for the design of battery enclosures for electric vehicles – in terms of sustainability, manufacturing costs, weight savings and economical functional i...

PM inaugurates DefExpo22 in Gandhinagar, Gujarat

Prime Minister, Narendra Modi inaugurated the DefExpo22 at Mahatma Mandir Convention and Exhibition Centre in Gandhinagar, Gujarat.

Gadkari launches pilot project on Flexi-Fuel Strong Hybrid EV

Union Minister for Road Transport and Highways Nitin Gadkari launched Toyota’s first of its kind pilot project on Flexi-Fuel Strong Hybrid Electric Vehicles (FFV-SHEV) in India which would run on 100% petrol as well...

Total vehicle retail for September’22 sees 11% growth, says FADA

The Federation of Automobile Dealers Associations (FADA) has stated that except tractors which decreased by -1.5%, all the other categories were in green. The two wheeler, three wheeler, passenger vehicle and commer...

Honda leads in 2 wheeler sales; Ola emerges leader in e-2wheelers: FADA

According to the Federation of Automobile Dealers Associations (FADA), the 2W segment is yet to show signs of any revival as it remains a drag by falling as much as -14% in retail sales for the month of September 20...

ASDC Annual Conclave emphasises on building a skilling ecosystem

Speakers and participants at the Annual Conclave of the Automotive Skills Development Council (ASDC), the first Sector Skill Council of India, urged upon the need to reinvent people, places, and practices to embrace...

PM highlights significance of mobility sector at 62nd SIAM Annual Convention

Society of Indian Automobile Manufacturers (SIAM), the apex automobile industry body, organised its 62nd Annual Convention at New Delhi. Prime Minister of India Narendra Modi in his message highlighted the significa...

PM lays foundation stone for Suzuki electric vehicle battery plant

Maruti Suzuki India commenced the celebrations of ’40 years of Suzuki’s partnership with the people of India’. The commemorative ceremony at Mahatma Mandir, Gandhinagar, Gujarat was graced by Prime Minister of India...

Toyota Kirloskar Motor , NSDC along with ASDC collaborate

Toyota Kirloskar Motor [TKM] announced the signing of a Memorandum of Understanding (MoU) with National Skill Development Corporation (NSDC) and Automotive Skill Development Council (ASDC) to enhance student skill w...

Vitesco Technologies inaugurates new Rs 240 cr Talegaon facility in Pune

Vitesco Technologies India Pvt Ltd, part of the Euros 8.3 billion Vitesco Technologies Group based in Regensburg, Germany and a leading international manufacturer of modern drive technologies and electrification sol...

Volvo Group launches green castings for engines globally from India

Volvo Group is committed to becoming a climate neutral company by 2040 and this includes its supply chain and global suppliers from India. As a key milestone in this journey, Volvo Group in India launched the first ...

ASDC hosts Partners Forum for workforce upskilling in automotive industry

After two-year hiatus owing to the pandemic, the Automotive Skills Development Council (ASDC), India's first sector skill council for automobile industry successfully organised skill-oriented brainstorming ASDC’s Pa...

iCreate launches EVangelise’22, India’s largest EV innovation challenge

iCreate (International Centre for Entrepreneurship and Technology) India's leading innovation-based start-up incubator announced the launch of EVangelise’22 - India’s largest EV innovation challenge, in partnership ...

Okinawa emerges electric two wheeler champ, reveals FADA data

If there is one clear leader in the electric two wheeler space in India, it is Okinawa Autotech. According to retail sales data released by the Federation of Automobile Dealer Associations (FADA) for the month of Ma...

Two wheeler retail sales take a hit in May 2022, says FADA

Retail sales of two wheelers, primarily comprising of IC engine powered vehicles, slumped in the month of May 2022 as compared to May 2019.

Passenger vehicles retail sales in May 2022 on the rise, says FADA

The retail sales of passenger vehicles (PVs) in May 2022 have shown a significant growth compared to other segments, according to the data provided by the Federation of Automobile Dealers Associations (FADA). Even c...

Barring PVs, tractors, retail sales remain subdued in May 2022, says FADA

Domestic sales of automobiles, barring passenger vehicles (PVs) and tractors, in India continue to remain subdued in May 2022 if one were to compare it with the retail figures of the year 2019, as both 2020 and 2021...

Tata Motors signs MoU for potential acquisition of Ford India Sanand plant

Tata Passenger Electric Mobility Limited (TPEML), a subsidiary of Tata Motors Ltd, and Ford India Private Limited (FIPL), have signed a Memorandum of Understanding (MOU) with the Government of Gujarat (GoG) for the ...

Marelli launches Wireless Distributed Battery Management System

Marelli, a leading global automotive supplier, has expanded its range of battery management technologies for electric vehicles with a new state-of-the-art Wireless Distributed Battery Management System (wBMS).

Magenta deploys LEV AC EV chargers under Switch Delhi

Magenta, a leading EV charging company, successfully developed and installed Delhi's first LEV AC EV charger under the state government's plan, which allows for the construction of private EV chargers for a net cost...

Cummins India powers employee upskilling in collaboration with BITS Pilani

Cummins India, in collaboration with the Work Integrated Learning Programmes (WILP) Division of BITS Pilani, is fostering a culture of continuous learning and upskilling amongst employees through bespoke learning pr...

Klaus Zellmer appointed new CEO of Skoda Auto as of July 1, 2022

As of July 1, 2022, the new Chairman of the Board of Management of Skoda Auto a.s. will be Klaus Zellmer, who is currently the Volkswagen brand Board member responsible for Sales, Marketing and After Sales.

ACMA Tech Summit focus on sustainability, tech & digitisation

The Automotive Component Manufacturers Association (ACMA), the apex body of the Indian auto component industry successfully hosted the seventh edition of the ACMA Atmanirbhar Excellence Awards & Technology Summit.

Diversity & Inclusion of Women in Automotive Industry

In fields inadvertently dominated by men, including the automotive industry, it has been argued that the sheer nature of science involved has kept women on the sidelines for ages

R Gopalan appointed as Chairman of Board of Sundaram-Clayton Limited

Sundaram-Clayton Limited (SCL), a leading auto component manufacturing and distribution group, announced that R Gopalan, Non-Executive Independent Director of the Company has been appointed as Chairman of the Board ...

National Highway for EV, NHEV. NITI Aayog, Battery Swapping, electric mobility battery standardisation.

The National Highway for EV (NHEV) Working Group members met Advisor NITI Aayog Sudhendu J Sinha (Infrastructure, Connectivity – Transport and Electric Mobility) and discussed the recently announced policy for ‘Batt...

Mercedes Benz leads in luxury car sales in India with 11,242 units in 2021

Luxury car brand Mercedes-Benz continued its firm leadership position in the country’s luxury car segment for a record seventh year in a row. In a pandemic hit 2021 calendar year, Mercedes-Benz India delivered 11,24...

Two-wheeler retail sales slide 20pc in December 2021: FADA

The Indian two-wheeler industry took a severe beating in domestic sales in the month of December 2021 as compared to December 2020 for a plethora of reasons that included high cost of ownership, bad rural sentiment,...

Semi conductor shortage puts spoke in car sales wheel in December 2021

With semi-conductor shortage continuing to play spoil-sport, passenger vehicle sales, in spite of huge bookings in December, closed in the red. Dealers, however, saw slight ease in vehicle supply thus giving some ho...

Tata Motors sales only silver lining in depressing Dec 21 domestic numbers

Though Maruti Suzuki continues to lead the pack of four-wheel passenger vehicle companies in India when it comes to December 2021 domestic sales, its numbers too fell for the month along with several other companies...

Gurpratap Boparai resigns as Skoda Auto India Managing Director

In a surprise corporate development, Gurpratap Boparai Managing Director of Skoda Auto Volkswagen India Pvt Ltd (SAVWIPL) has put in his papers with effect from January 1, 2022. The company stated that his successor...

Log9 RapidX insta charging batteries for Hero Electric EVs in new tie up

Hero Electric, India’s largest electric two-wheeler company, has announced its partnership with Bengaluru-based advanced battery technology start-up Log9 Materials, to offer Log9 Insta Charging battery packs for its...

BMW Group hands over one-millionth electrified vehicle

Even as India gets ready to buy the premium electric car from BMW, the BMW iX that will be launched in the coming days in the country, globally there is reason for BMW to celebrate. BMW Group celebrated the delivery...

Maruti Suzuki, largest car makers are now car crushers

Maruti Suzuki India Ltd (MSIL), the largest car makers in the country is now all set to become the largest car breakers of the country. The company has set up a vehicle scrapping and recycling unit at Noida in the s...

Tech rich cars hit by semi conductor shortage; worst festive sales in decade: FADA

The rich and the well off in India want their tech-savvy cars, but there’s a huge slump in supply because of the paucity of semi conductors. Those at the lower income bracket, who are keen to buy cars, feel they rat...

TVS controlled Norton Motorcycles gets new global headquarters

Norton Motorcycles has announced the completion of its new global headquarters. The all-new facility houses state-of-the-art manufacturing capability and the company’s new global design and R&D hub. It forms a key p...

Godrej & Boyce introduces e-switch technology for general purpose motors

Godrej& Boyce, the flagship company of the Godrej Group announced that its business Godrej Lawkim Motors has launched the electronic switch (E-Switch) technology for its range of general-purpose motors. This will re...

Spinny sees an uptake in online sales of used cars

Entering the festive season with cheer, full-stack used-car retailing platform Spinny sold more than 80% of cars online during the Navratri period with more than 200 car deliveries on the second day of Navratri. Br...

Vinod Aggarwal  takes over baton from Nikunj Sanghi at ASDC

Automotive Skills Development Council (ASDC), the first Sector Skill Council of India, has announced the appointment of their new president Vinod Aggarwal during the ASDC Annual Conclave 2021.

FADA wants clarity on Non-Disclosure Agreement for Ford India dealers

The Federation of Automobile Dealers Associations (FADA), the apex body representing the Indian auto retail industry has among its several demands to the government sought clarity on the Non-Disclosure Agreement (ND...

Govt announces PLI Auto Scheme; Incentives worth Rs 26058 crore

The Government has approved a Production Linked Incentive (PLI) Scheme for the Indian auto industry and also the drone industry to enhance India’s manufacturing capabilities

Mahindra inaugurates state-of-the-art Mahindra SUV Proving Track

From silk saris to a silky smooth track for testing vehicles. The age-old city of Kanchipuram, in Tamil Nadu, is known for its magnificent temples and the exquisite silk wear that includes the traditional saris. Now...

At 15,56,777 units, auto sales increase by 34pc in July 2021: FADA

According to the latest retail data provided by the Federation of Automobile Dealers Associations (FADA), total vehicle retails for the month of July 2021 have increased by 34.12% on year on year basis. When compare...

Hyundai Motor India Inaugurates plush corporate headquarters in Gurugram

Hyundai Motor India has inaugurated its new state-of-the art corporate headquarters in Gurugram. Present at the inauguration were Chief Minister of Haryana Manohar Lal along with SS Kim, MD & CEO, Hyundai Motor Indi...

INTERVIEW WITH UDAY NARANG Chairman, Anglian Omega Group & Omega Seiki Mobility

In an exclusive interview, Uday Narang, Chairman, Anglian Omega Group & Omega Seiki Mobility talks about his company plans to enter the two and four wheeler electric vehicle space.

AP procures 25000 electric 2 wheelers for govt employees

Convergence Energy Services Limited (CESL), a government of India company under Ministry of Power, signed an agreement with New & Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) to provide 25000...

Nissan unveils EV36Zero in UK, a one billion pound Electric Vehicle Hub

Nissan has unveiled Nissan EV36Zero, a one billion pound (Rs 10,000 crore approx.) flagship Electric Vehicle (EV) Hub creating a world-first EV manufacturing ecosystem.

Hyundai Motor India rolls out 10 millionth car from Chennai plant

Leading car manufacturer Hyundai Motor India Ltd (HMIL), achieved a production milestone by rolling out its 10 millionth car from its manufacturing facility in near Chennai in the southern state of Tamil Nadu.

Lanxess reveals new design for electric vehicle charging inlets

The boom in electric vehicles is causing a sharp rise in demand for plastics destined for charging infrastructure. Lanxess is convinced that this area offers a wealth of opportunities to use its Durethan polyamides ...

Bloodbath in Auto Industry for May 2021, reveals FADA retail data

The retail sales of automobiles plunged for the month of May 2021 with sales falling by as much as (-) 55 per cent on month on month (MoM) basis. The industry witnessed a bloodbath, claimed the Federation of Automob...

CESL signs agreements for over 30,000 e-vehicles with Goa, Kerala

Convergence Energy Services Limited (CESL), a 100% subsidiary of Indian government owned Energy Efficiency Services Ltd (EESL) has forged key partnerships on World Environment Day in an effort to further the deploy...

Indian auto industry covid-19 relief: Part 4

Nitin Gadkari, Minister of Road Transport & Highways, Micro, Small & Medium Enterprises, Government of India recently requested Rajeev Chaba, President and Managing Director, MG Motor India and Paytm Founder & CEO V...

TVS Motor Company appoints new leadership team at Norton Motorcycle

TVS Motor Company (TVS), owner of Norton Motorcycle Co Ltd (Norton) has announced the appointment of Dr Robert Hentschel as Chief Executive Officer (CEO) and Vittorio Urciuoli as Chief Technical Officer (CTO) of the...

Donations, service extensions, plant shut downs in auto industry

Plant shutdowns, donations and service extensions are being increasingly witnessed in the Indian auto industry.

Oxygen, medical help pour in from Indian auto companies among shut downs

The Indian auto industry is going all out to help the country in production of oxygen, even as it is grappling with woes at its own end. India Yamaha Motor (IYM) is among the companies that have decided to suspend m...

Fiscal 2020-21, April 2021 vehicle registrations down (-) 38pc, (-) 28 pc: FADA

For the financial year 2020-21, the total vehicle registrations in the country were down by (-) 30%. This figure is incidentally even below the fiscal 2012-13 level, thus making it the lowest in the last eight years...




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