Date – June13, 2023
In New Delhi vehicle sales in all segments improved in may 2023 compared to may 2022. Automobile Industry is in a positive transition phase with new powertrains technologies offered to the consumer, said by the Society Indian Automobile Manufacturers (SIAM)
Passenger vehicles, two-wheelers, and three-wheelers all had double-digit growth in May 2023 compared to May 2022, according to Vinod Aggarwal, President of SIAM. We anticipate that the current economic climate will help this trend to continue. The Indian automobile industry is currently going through a transition period as new powertrain technologies, including as electric, biofuels, and gas-powered automobiles, are made available to consumers. These developments are made possible by the government’s wise policies.
According to Rajesh Menon, Director General of SIAM, “May 2023 saw the greatest sales of passenger vehicles ever in May, with a gain of 13.5% over May 2022. Two-Wheelers also had increase in May 2023 of 17.4% over the previous year, but they are still below 2016–17 levels. Although on a small foundation, domestic sales of three-wheelers increased by 70.4% in May 2023 compared to May 2022, which is still below the levels in 2018–19.
Mercedes Revs Up Production in India and Prepares to Unveil Exciting New Launches”
Date – 13June, 2023
Mercedes-Benz India, the automaker that had temporarily stopped new product launches due to supply constraints, has now received car allocations from its German headquarters to meet the rising customer demand. The business’s capability for manufacturing has expanded thanks to better supply.
According to Santosh Iyer, the CEO of Mercedes-Benz India, the business has added a second shift to its production line to shorten clients’ wait times. The rising demand for well-liked models like the Mercedes-Benz C-Class and E-Class, which are now widely accessible, led to this choice. In addition, Mercedes-Benz India has secured an exclusive allocation from the company’s headquarters just for the G-Class model due to the huge demand for SUVs.
Toyota Charges Ahead with Battery Electric Vehicle Initiatives, Targets Commercial Solid-State Battery by 2027
Date – 13june, 2023
Toyota, an automaker with headquarters in Japan, has announced plans to develop high-performance solid-state batteries and other technologies to lower the price of its electric vehicles while enhancing their performance and range. As soon as 2027, the business hopes to have a commercial solid-state battery. It seeks to win over customers by offering vehicles with quicker charging times and longer driving range. “With the evolution of the vehicle’s operating system, the next-generation battery EV will also enable customization of the driving feel,’ with a focus on acceleration, turning and stopping,” it said.