Industry News
FAQs
The light vehicle market has been going through a significant transformation since last June. Starting in the third quarter of 2022, the demand-supply structure of the market moved from a supply shortage into a serious demand problem that will have marketing teams scrambling to fix it.
After Chevrolet, Fiat decided to cease its operations in India due to poor sales. With ageing products in the market, the company failed to make its mark in India.
The Indian government has set a target of achieving 30% EV penetration by 2030, which has prompted car manufacturers to invest in EV technology. The availability of government subsidies and incentives for EVs has also encouraged the development and production of electric cars in India.
News form Other Category
Auto Industry News
AutosXP brings you auto industry news both from India and around the world. Read about all the happenings in the automobile world here at AutosXP. Be it an automobile manufacturer, a vendor, or a policymaker, you can read about everything regarding the automobile industry in our auto industry news section. We comprehensively cover every aspect of the Indian auto industry and bring you every relevant auto industry news not only from India but also from international scenes. So, if you are looking for the latest car industry news or bike industry news, you're at the right place.
