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Two-wheeler sales rose to 12,65,069 units last month, as against 11,49,351 units in January 2022, an increase of 10 per cent.

Automobile retail sales rise 14% in January; robust registrations across passenger vehicles

Two-wheeler sales rose to 12,65,069 units last month, as against 11,49,351 units in January 2022, an increase of 10 per cent.

Automobile retail sales in India rose 14 per cent in January on the back of robust registrations across passenger vehicles, two-wheelers and tractors, dealers' body Federation of Automobile Dealers Associations said on Monday.
Total sales across categories last month rose to 18,26,669 units, as compared to 16,08,505 units in January 2022.
Passenger vehicle registrations rose to 3,40,220 units last month, an increase of 22 per cent as compared to 2,79,050 units in the year-ago period.
Similarly, two-wheeler retails rose to 12,65,069 units last month, as against 11,49,351 units in January 2022, an increase of 10 per cent.
Three-wheeler retail sales rose to 65,796 units, up 59 per cent from 41,487 units in January last year.
Commercial vehicle registrations were at 82,428 units in January, up 16 per cent from 70,853 units in the year-ago period.
Similarly, tractor sales rose by 8 per cent to 73,156 units last month, as against 67,764 units in January last year.
Federation of Automobile Dealers Associations (FADA) President Manish Raj Singhania said the total retail sales in January grew as compared with year-ago period but still remained down by 8 per cent when compared to pre-Covid month of January 2020.

Cars to become expensive from Jan 1st; Here's a list of companies which have hiked price 

Cars to become expensive from Jan 1st?

The price increment announced by the carmakers will take effect from January 2023

Amid a constant increase in input costs and overall inflation, major automakers have announced that they will be increasing the price of vehicles in India starting January 2023.&nbsp;
From India&rsquo;s largest carmaker, Maruti Suzuki to luxury automaker, Mercedes-Benz have announced that they will hike the prices of its models from January 2023 and that the increase will vary for different models.&nbsp;
While Maruti stated that recent regulatory requirements and inflation are the reasons behind why it announced the hike for different models, Mercedes-Benz said a constant increase in input costs and increased logistics costs have been exerting significant pressure on the overall operational costs of the company.&nbsp;&nbsp;
Other than this, companies like Honda, Tata Motors, Hyundai, Mercedes-Benz, Audi, Renault, Kia India and MG Motor have also made the year-end announcements to hike prices from Janurary 1st.&nbsp;&nbsp;

A Chennai-based IT firm on Monday gifted as many as 100 cars to its employees for their constant support and unparalleled contributions to the company’s success and growth.Ideas2IT, an It firm has gifted Maruti Suzuki cars to 100 employees. “We are gifting 100 cars to 100 of our employees who have been a part of us for more than 10 years. We have a strength of 500 employees. Our concept is to return the wealth we have received, to the employees,” said Hari Subramanian, Marketing Head, Ideas2IT.This comes days after another Chennai-based software-as-a-service company (SaaS) Kissflow gifted luxury BMW cars to its five senior executives, each worth about Rs 1 crore, as a gift.The trend of giving cars as bonuses was made popular in 2018 when Savji Dholakia, a billionaire diamond merchant based in Gujarat distributed 600 cars to the staff of his company, Hare Krishna Exports which was presided by Prime Minister Narendra Modi who handed out keys to the brand new cars to four of the employees, including a physically challenged woman. 

Chennai based IT firm Kissflow just gave 100 cars as 'well-done' gesture

BMWs to Maruti Suzukis, it's raining cars as bonuses in Chennai. Another firm gives away 100 cars to employees

Drive away your bonus! 100 cars given to employees by this firm

After Chennai-based Kissflow gifted brand new BMW cars to five of its top management staff, the Chennai-based IT company Ideas2IT, gifted 100 Maruti Suzuki cars to its employees

A Chennai-based IT firm on Monday gifted as many as 100 cars to its employees for their constant support and unparalleled contributions to the company&rsquo;s success and growth.
Ideas2IT, an It firm has gifted Maruti Suzuki cars to 100 employees.&nbsp;&ldquo;We are gifting 100 cars to 100 of our employees who have been a part of us for more than 10 years. We have a strength of 500 employees. Our concept is to return the wealth we have received, to the employees,&rdquo; said Hari Subramanian, Marketing Head, Ideas2IT.
Also read/watch |&nbsp;<a href="https://www.editorji.com/business-news/china-s-covid-crisis-jolts-the-globe-again-1649743528438" target="_blank">China's Covid crisis jolts the globe again!</a>
This comes days after another Chennai-based software-as-a-service company (SaaS) Kissflow gifted luxury BMW cars to its five senior executives, each worth about Rs 1 crore, as a gift.
The trend of giving cars as bonuses was made popular in 2018 when&nbsp;Savji Dholakia, a billionaire diamond merchant based in Gujarat distributed 600 cars to the staff of his company, Hare Krishna Exports which was presided by Prime Minister Narendra Modi&nbsp;who handed out keys to the brand new cars to four of the employees, including a physically challenged woman.
Also read/watch |&nbsp;<a href="https://www.editorji.com/business-news/uber-india-announces-steep-hike-in-prices-1649742477356" target="_blank">Uber India announces steep hike in prices</a>

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