Automobile Sales This Festive Season Exceed That Of The Last Festive Season
- By MT Bureau
- November 15, 2024
The 42 days festive period vehicle retail data for 2024 that the Federation Of Automobile Dealers Associations (FADA) has released, the overall sales of automobiles during this festive season have exceeded that of the last festive season.
"I am delighted to announce that the automobile retail sector has achieved a new milestone, surpassing last year's festive records. We witnessed a remarkable surge in numbers since the beginning of Navratri, nearly hitting our forecasted target with 42.88 lakh vehicles registered during this period — a growth of 11.76 percent over last year's 38.37 lakh units,” mentioned C S Vigneshwar, President, FADA.
Two-wheeler sales were particularly robust, according to him, registering a 13.79 percent growth to reach 3.31 million units, largely driven by strong rural demand.
Passenger vehicle sales bounced back after a decline of roughly two-to-three months with a growth of 7.10 percent to 0.6 million units, spurred by pent-up demand and unprecedented discounts available in the market.
Acknowledging that the target of 45,00,000-unit sales could have been fully met or even exceeded were it not for the unseasonal heavy rains in South India (especially in Bengaluru and Tamil Nadu) and the Cyclone Dana that affected Odisha, Vigneshwar averred, “FADA anticipates – as the festivities conclude – that passenger vehicle stock levels will reduce further from was reported in the October retail data press release.”
“FADA advises caution as the complete picture on inventory will emerge by month-end,” he added.
Stating that FADA urges OEMs to focus on liquidating 2024 stock so that Dealers can enter 2025 with ideal FADA-recommended 21 days of inventory, Vigneshwar said, “Its 1.5 months remaining before the calendar year ends.”
|
Category |
Festive Season 2024 |
Festive Season 2023 |
Growth Percentage |
|
Two-wheelers |
33,11,325 units |
29,10,141 units |
13.79 |
|
Three-wheelers |
1,59,960 units |
1,49,764 units |
6.81 |
|
Commercial Vehicles |
1,28,738 units |
1,27,436 units |
1.02 |
|
Passenger Vehicles |
6,03,009 units |
5,63,059 units |
7.10 |
|
Tractors |
85,216 units |
86,640 units |
- 1.64 |
|
Total |
42,88,248 units |
38,37,040 units |
11.76 |
- Ashok Leyland
- Hinduja Group
- Switch Mobility
- M.K. Stalin
- Tamil Nadu
- EV Battery
- Dheeraj Hinduja
- Shenu Agarwal
Ashok Leyland Breaks Ground For Battery Pack Facility In Tamil Nadu
- By MT Bureau
- March 11, 2026
Chennai-headquartered commercial vehicle major Ashok Leyland, the Hinduja Group flagship, has commenced construction of a greenfield battery pack manufacturing plant at Pillaipakkam, Tamil Nadu. The project involves an investment of INR 4-5 billion, forming part of a broader investment plan outlined in a memorandum of understanding signed in September 2025.
The facility aligns with the Tamil Nadu Electric Vehicle Policy 2023 and the National Mission on Transformative Mobility and Battery Storage. The project is intended to localise the production of battery packs for the commercial vehicle sector and reduce reliance on imported components.
The Pillaipakkam site marks Ashok Leyland's tenth manufacturing presence in Tamil Nadu. The company aims to use the facility to strengthen the domestic supply chain for its electric vehicle (EV) portfolio and its subsidiary, Switch Mobility.
Ashok Leyland has invested over INR 90 billion in Tamil Nadu since 1948. The new plant is expected to create jobs in high-technology manufacturing and advanced skill development. The foundation plaque was unveiled by M.K. Stalin, Chief Minister of Tamil Nadu, in the presence of state officials and company leadership.
Dheeraj Hinduja, Executive Chairman, Ashok Leyland, said, “Our journey has been closely intertwined with the growth of Tamil Nadu for more than seven decades. Ashok Leyland, along with its subsidiary, Switch Mobility, have already developed a vast range of electric Commercial Vehicles, and have taken a lead position in the EV market. The groundbreaking of the new battery pack manufacturing facility marks an important step in our electric mobility journey and reinforces our commitment to building a strong domestic EV ecosystem.”
Shenu Agarwal, MD & CEO, Ashok Leyland, added, “Battery pack technology is central to the future of electric mobility and energy storage. This facility will enable us to build advanced battery pack solutions with greater efficiency, safety and reliability while supporting the battery supply chain localisation It will also contribute to developing specialized talent and creating new opportunities in high-technology manufacturing within Tamil Nadu.”
ABB Announces $75 Million Investment To Expand Indian Manufacturing And R&D
- By MT Bureau
- March 10, 2026
Swiss technology major ABB has announced that it is set to further invest around USD 75 million in India for 2026. The capital expenditure is directed at expanding the company’s manufacturing footprint and research and development (R&D) capabilities across five locations: Bengaluru, Hyderabad, Nashik and Vadodara.
This move follows a USD 35 million investment in 2025 and forms part of ABB’s ‘local-for-local’ strategy. Currently, 85 percent of the products ABB sells in India are manufactured within the country. The expansion is expected to create 300 skilled jobs in engineering, research, and operations.
The investment is distributed across several key hubs to support electrification, motion, and automation:
- Nelamangala, Bengaluru (USD 14 million): Expansion of Campus 1 and 2 to scale converter manufacturing for high-speed rail and metro segments. It includes a tenfold increase in production for uninterruptable power supply (UPS) solutions.
- Peenya, Bengaluru (USD 21 million): Funding to increase capacity for low-voltage drives and specialised motors, including flameproof and smoke-venting variants. The site will add an innovation lab and remote monitoring facilities.
- Nashik (USD 22 million): Expansion of the circuit breaker factory and the Vacuum Interrupter (VI) facility. This site will drive the localisation of 33kV Primary Gas Insulated Switchgear and SF6-free technologies by 2028.
- Hyderabad (USD 12 million): Completion of phase one of a new R&D and engineering hub, including a high-power testing laboratory.
- Vadodara (USD 6 million): Scaling of the synchronous generator and induction motor factories to serve the metals, oil and gas and wind sectors.
ABB’s revenue in India reached more than USD 1.5 billion in 2025, representing roughly 4 percent of the Group’s global total. The company identified grid modernisation, data centre development and renewable energy transition as the primary drivers for the increased capacity.
Morten Wierod, Chief Executive Officer, ABB, said, “This investment in India is an important part of our strategy to support infrastructure build-out and growth in one of our fastest growing markets. We are seeing strong demand driven by the country’s energy transition, grid modernization, data center development, and the rapid expansion of the metro and high-speed rail segments. Our expanded facilities will ensure we meet this demand while enhancing our capabilities to serve other markets in the region.”
Aptiv Board Approves Spin-off Of Electrical Distribution Business As Versigent
- By MT Bureau
- March 09, 2026
American technology company Aptiv has announced that its Board of Directors has approved the spin-off of its Electrical Distribution Systems business into a new publicly traded entity – Versigent.
Versigent provides signal, power and data distribution systems for the automotive and commercial vehicle sectors. It operates engineering centres across four continents and manufacturing facilities in more than 30 countries, focusing on low-voltage and high-voltage electrical architectures.
The separation will be executed through a distribution of Versigent ordinary shares to Aptiv shareholders. Stockholders will receive one ordinary share of Versigent for every three ordinary shares of Aptiv held as of the record date.
Aptiv shareholders are not required to take action, pay consideration, or exchange existing shares to receive the Versigent stock.
Following the separation, Aptiv will continue its operations as an industrial technology company focused on vehicle automation, electrification and digitalisation. Versigent will maintain its legacy in designing and manufacturing advanced vehicle architectures for original equipment manufacturers (OEMs).
Honeywell Supplies Battery Manufacturing Platform To Alabama Mobility And Power Center
- By MT Bureau
- March 05, 2026
Honeywell has announced that its AI-powered Battery Manufacturing Excellence Platform (Battery MXP) is being integrated into the Alabama Mobility and Power (AMP) Center’s research lab at the University of Alabama. The platform is designed to automate battery production, improve cell yields and accelerate the startup of manufacturing facilities.
The AMP Center serves as a research hub for mobility and power technologies, including electric vehicle charging infrastructure and energy storage systems. The Honeywell platform will be used as the automation standard to train engineers and battery professionals in scaling production for industrial requirements.
Honeywell is also collaborating with FOM Technologies at the AMP Center to focus on the electrode production process. This phase of manufacturing is identified as a significant challenge in battery assembly; the partnership aims to use Battery MXP to automate this stage and improve the safety of cells for original equipment manufacturers (OEMs).
Key objectives of the integration include – workforce development, operational excellence and industry access.
The lab is scheduled to open in the second quarter of 2026. The deployment is intended to support the automotive industry while addressing energy requirements for data centres, grid stability, and regional electrification goals.
Mike Oatridge, Executive Director of the Alabama Mobility and Power Center, said, “The AMP Center was created to connect industry, academia, and state initiatives around the future of mobility and power. The deployment of Battery MXP supports Alabama’s automotive industry while advancing solutions for data center growth, grid stability, and the state’s long-term electrification and economic development goals.”
Russ Ford, President, Honeywell Process Automation Solutions, stated, “The rapid evolution of battery technology calls for a skilled workforce and advanced production capabilities at large scale, including comprehensive automation platforms powered by AI. AMP’s use of Battery MXP is poised to be a catalyst to empower the next generation of engineers in this important industry as it continues to grow.”

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