SIAM has released the motor vehicle data on production, domestic sales and exports for October 2024. Monthly Performance: October 2024 Production: The total production of passenger vehicles, three-wheelers, two-wheelers, and quadricycle in October 2024 was 28,82,996 units. Domestic Sales: Passenger Vehicle sales were 3,93,238 units in October 2024. Three-wheeler sales were 76,770 units in October 2024 Two-wheeler sales were 21,64,276[Read More…]
Daimler India Commercial Vehicles (DICV), a wholly-owned subsidiary of Daimler Truck AG, announced the appointment of Michael Moebius as the President and Chief Procurement & Supply Chain Officer, effective November 1, 2024. Michael will succeed Muthu Maruthachalam C in this role, bringing with him over 30 years of global experience across the passenger and commercial vehicle industry. Michael was the[Read More…]
New collaboration to offer customized financing with flexible repayment plans, tailored for commercial vehicle customers. Ashok Leyland, a leader in India’s commercial vehicle industry, has partnered with Madhya Pradesh Gramin Bank to enhance financing options for customers. This strategic alliance, formalized through a Memorandum of Understanding (MoU), will enable customized loan solutions to meet customer needs. The MoU was signed[Read More…]
As part of its 60th-anniversary celebrations, Mahindra Tractors, has introduced a personalized virtual tractor drive experience. The initiative lets customers generate realistic videos of themselves driving a Mahindra Tractor. Following the “Desh ka Tractor: ‘Mitti se juda, Junoon se Saja’” campaign, the virtual drive aims to build deeper connections with Indian farmers. The new drive is powered by Vitra.ai’s advanced[Read More…]
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