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.
The country’s leading carmaker and exporter aims to export the model to more than 60 countries across Latin America, Africa, Middle East, ASEAN and neighboring regions.
The company had previously announced its intention to increase car prices in early December 2022.
The South Korean firm plans to invest the capital on various elements like manufacturing and infrastructure development for EVs over the next few years.
New vehicles delivered in India totalled 4.13 million between January and November 2022, according to the Society of Indian Automobile Manufacturers.
The company’s previous highest exports was achieved in 2021 with 2,05,450 units.
The company sold 2,50,993 units in December 2021, TVS Motor said in a statement.
The company had sold 7,797 units in the year-ago period.
Accordingly, Icra said it expects the industry to grow to Rs 6,000-7,000 crore by FY27, from the current levels of Rs 2,400-2,500 crore, at a four-year CAGR (compound annual growth rate) of 25-30 per cent.
All have been isolated in a hotel in Bodh Gaya, according to information received. Three of the four infected people are from Bangkok, and one is from Myanmar.
The port will be used to export around 20,000 cars annually. A car-cum-general cargo berth has been developed and commissioned by Kamarajar Port Ltd for handling automobile units, it added.
Based on latest INGLO EV platform, these include the e-SUVs under the iconic brand — XUV with the Twin Peak logo in copper and the all-new electric-only brand called ‘BE’, it added.
The auto major said it will supply 52-seater fully built BS VI diesel buses in a phased manner, as per the contract.
In 2021-22, according to Society of Indian Automobile Manufacturers (SIAM), PV sales in India were at 30,69,499 units. The record for highest PV sales in India was in 2018-19 when 33,77,436 units were sold.
For the first half of the current fiscal, the industry reported a year-on-year growth of 29 per cent, ICRA said on Monday, based on projections from 49 auto ancillaries with aggregate annual revenues of close to Rs 3,00,000 crore.
Total two-wheeler dispatches last month increased 2 per cent to 15,77,694 units as compared to October 2021.
The company had sold a total of 1,38,335 units in the same month last year, it said in a statement.
In the same period a year earlier, Toyota reported a 749.9 billion yen profit.
During the month, the company also achieved its highest ever production monthly milestone at 5,008 units, which included 784 units of electric vehicle (MG ZS EV), it added.