Toyota Kirloskar Motor (TKM) plans to consider setting up another unit once it reaches optimal capacity utilisation by 2024, said Vikram Gulati, country head and executive vice president at the car manufacturer. TKM is expecting the second consecutive year of record production, fueled by robust demand for its newly launched vehicles and buoyancy in the passenger vehicle market.
India s armed forces are currently in the process of replacing the aging Maruti Gypsy that has served the army for many years. The new vehicles are expected to usher in the next era for Army s transportation needs.
Indian Army Toyota Hilux: India s armed forces are currently in the process of replacing the aging Maruti Gypsy that has served the army for many years. The new vehicles are expected to usher in the next era for Army s transportation needs.
Maruti Suzuki: "We at Mahindra believe it is one of the bold steps by the Ministry of road transport and we welcome the implementation of Bharat NCAP," Mahindra & Mahindra President, Automotive Technology and Product Development Velusamy R told PTI.
India s passenger car market is slated to expand 10% YoY in the first half of 2023, making it the third consecutive six-month period in which sales are estimated to climb in double digits. Domestic car sales expanded 16% in the first half of Calendar Year 2022 and 30% in the second half.