Lumic
NIFTY 50·22,888.95−1.11%SENSEX·73,852.90−1.17%BANK NIFTY·55,488.10−0.64%RELIANCE·1,202.00−0.76%HDFC BANK·712.00−2.31%ICICI BANK·1,381.00−1.15%BHARTI AIRTEL·1,875.20−1.56%INFOSYS·1,130.70−2.63%L&T·3,661.90+0.96%TCS·2,460.90−0.17%ITC·260.80−1.02%SBI·973.70+1.15%AXIS BANK·1,236.00−4.19%NIFTY 50·22,888.95−1.11%SENSEX·73,852.90−1.17%BANK NIFTY·55,488.10−0.64%RELIANCE·1,202.00−0.76%HDFC BANK·712.00−2.31%ICICI BANK·1,381.00−1.15%BHARTI AIRTEL·1,875.20−1.56%INFOSYS·1,130.70−2.63%L&T·3,661.90+0.96%TCS·2,460.90−0.17%ITC·260.80−1.02%SBI·973.70+1.15%AXIS BANK·1,236.00−4.19%

Company news

India's June Car Sales Jump 29% as EVs and Hybrids Gain Share

4 months ago · Lumic

Indian car sales data shows a sharp increase in June, driven by demand for electric and hybrid vehicles.
Lumic
4 months ago
India's June Car Sales Jump 29% as EVs and Hybrids Gain Share
KEY TAKEAWAYS
India's retail car sales surged 28.6% in June, marking one of the strongest monthly performances
Alternative-fuel vehicles captured a record 40.4% share, led by CNG, hybrids and EVs.
Rising petrol and diesel prices boosted demand for fuel-efficient and electric vehicles.
Higher fuel costs are accelerating India's EV transition
Economic Times·4 months ago

India's automobile industry is witnessing a significant uptick, with June car sales jumping a remarkable 28.6%. This surge in the passenger vehicles segment, as reported by FADA, highlights a growing shift in consumer preference. Notably, alternative-fuel vehicles, including electric vehicles (EVs), hybrids, and CNG cars, have captured a record 40.4% market share. This trend is largely driven by increasing petrol and diesel prices, pushing buyers towards more fuel-efficient and green mobility solutions. The robust performance of the auto market is a positive indicator for the Indian economy, reflecting strong domestic demand and the increasing adoption of EVs. This shift underscores India's commitment to sustainable transportation and a greener future.

More in Company news