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Auto Sales Remained Sluggish In May, SIAM Data Shows

Car sales fell 0.2% month-on-month to 2.51 lakh units in May 2022, even as total two-wheeler sales declined 9.9%, SIAM data shows.

Nishant Sharma

Customers checking Mahindra's XUV300. (Photo: Nishant Sharma/BQ Prime)

Indian automakers saw sluggish sales in May as the global chip shortage issue persisted.

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Ola Developing Indigenous Cell, Alternate Tech For Rare Earth Magnet: Bhavish Aggarwal

  • chevron-double-right Ola Electric developed the Bharat Cell 4680 with fast recharge and lower production cost
  • chevron-double-right The company unveiled ferrite motor technology to replace rare earth magnets in EVs
  • chevron-double-right AI-enabled MoveOS6 software with voice assistant and safety features launches January 2026
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