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Indian auto industry expected to see stronger growth in 2021-22: Nomura


The Indian auto industry is expected to see stronger growth in 2021-22, after recovering from the devastating effects of the COVID-19 pandemic, with electric vehicle sales, especially two-wheleers, also likely to see positive movements, according to Nomura Research Institute Consulting & Solutions India.
However, in the personal vehicles segment, the levels reached in 2018-19 would be reached only in 2023-24, it added.
In 2018-19, passenger vehicle sales rose 2.7 per cent to 33,77,436 units from 32,88,581 units in 2017-18, according to the Society of Indian Automobile Manufacturers (SIAM).
After the devastating effects of the COVID-19 pandemic, it is expected that the auto industry will see stronger growth in 2021-22, Ashim Sharma, partner and group head (business performance improvement consulting-auto, engineering and logistics) at NRI Consulting & Solutions India, said. ....

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Sonalika becomes first player to launch electric tractor in India


Sonalika becomes first player to launch electric tractor in India
Positioned for farm applications typically performed by a sub-35hp tractor, the company said Tiger Electric could run for 8 hours while operating with a 2-ton trolley on a single charge.
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Sonalika’s electric tractor is equipped with a 11kW induction motor and a 25.5 kWH lithium ion battery, which can be fully charged in 10 hours using a regular home charging socket and in just 4 hours using a fast charging system
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MUMBAI :
International Tractors Ltd-owned Sonalika Tractors has become the first manufacturer to commercially launch a field-ready electric tractor for the domestic market with an introductory price of ₹5.99 lakh (ex-showroom) today. ....

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