Auto

Domestic tyre industry revenue is expected to grow 12 times to Rs 13 lakh crore by 2047, led by premiumisation and rise in exports, a report said on Tuesday. Due to the strong domestic original equipment manufacturer (OEM) sector, replacement tyre demand, and the accelerated expansion of vehicle exports, the Indian tyre industry’s production volume […]

French auto major Renault Group on Tuesday said it has appointed Vikraman V as the chief of Renault Engineering at Renault Nissan Technology & Business Centre India in Chennai and Sandeep Bhambra as the Head of Renault Design Centre India. Vikaraman, who joins Renault from Mahindra & Mahindra, where he held senior leadership roles for […]

Car sales in India fell for the fourth straight month in August as automakers regulated dispatches to dealers ahead of the announcement of the revised goods and services tax (GST) rates. A total of 321,840 vehicles were dispatched from factories to dealerships last month, an 8.8% decline from 352,921 units a year earlier, showed data […]

Road transport and highways minister Nitin Gadkari on Monday unveiled the roadmap to position India as the world’s leading hub for automobile manufacturing, green mobility, and infrastructure innovation at the International Value Summit 2025. “India has now surpassed Japan to become the third-largest automobile market globally, and the government is targeting the No. 1 position […]

Mumbai: The global automobile industry is starting to regain confidence after pausing product and investment decisions initially due to the upheaval caused by Trump’s tariffs, said a senior executive at Tata Technologies. The Tata Group engineering firm is also pressing ahead with expansion, acquiring Germany’s ESTEC for ₹75 million (₹750 crore) to strengthen its software-defined […]

The recent GST rate cut is likely to make the upcoming festive season the ‘best-ever’ for the luxury carmaker, but there is a need to cap road taxes levied by states on car purchases for long-term growth of the industry, Mercedes-Benz India MD and CEO Santosh Iyer said. In an interaction with PTI here, Iyer […]

New Delhi: With the GST rate cuts expected to bring domestic sales back on a growth path, Hyundai Motor India Ltd is looking to ride on a ‘double engine’ drive of accelerated sales in the home market and continued momentum in exports, according to a top company official. In the last six to eight months, […]

The government recently announced major Goods and Service Tax (GST) reforms, bringing only two major slabs of 5% and 18%. There is another slab of 40% for luxury and sin goods. A result of the rejig is that automobiles, which were earlier taxed at 28% with additional compensational cess ranging from 1% to 22%, are […]

Mumbai: Cross-border consolidation in the global automotive industry is set to intensify as companies grapple with electrification, changing consumption patterns and the rising need for capital, senior investment bankers at Rothschild & Co said. Speaking to ET, Vikas Sehgal, partner and global head of automotive and executive vice chairman South-East Asia, and Aalok Shah, head […]

New Delhi: CEAT Ltd on Friday announced price cut across its entire range of tyres to pass on the benefits of the GST rate reduction. The company will be passing on 100 per cent of the benefit to their channel and customers as GST on new pneumatic tyres has been reduced to 18 per cent […]

Mahindra has announced a significant reduction in prices for the XUV700, passing on the benefits of the revised GST slab to customers ahead of its implementation on September 22. With the tax rate on large SUVs dropping from 48% to 40%, buyers can now save between Rs 88,900 and Rs 1.43 lakh depending on the […]

Maruti Suzuki welcomes the new GST rates, anticipating increased four-wheeler adoption. The company passes on the benefits to customers. Maruti also supports vehicle scrappage with incentives. MG Motor echoes similar sentiments regarding GST benefits. JSW Motor India sees increased customer interest due to the reforms. Electric vehicle adoption is rising, offering financial savings.

India Yamaha Motor Pvt. Ltd. has announced that it will pass the complete benefit of the GST cuts on two-wheelers to its customers from September 22. The GST for two wheelers under 350 cc engine is now placed at 18 per cent from the earlier 28 per cent, which is a 10 per cent cut. […]

New Delhi | Mumbai: India’s automobile dealers on Tuesday flagged the build-up of unsold stock as a critical threat to their financial health, warning that “dead inventory, thin margins and costly training” are undermining business viability across segments. Inventory indiscipline is one of the most pressing challenges for the sector, Federation of Automobile Dealers Associations […]

Automobile dealers Monday appealed to Prime Minister Narendra Modi for urgent relief on about ₹2,500 crore worth of accumulated compensation cess credits that risk lapsing with the rollout of the new goods and services (GST) regime from September 22. The Federation of Automobile Dealers Associations (Fada) warned in a letter that unless a transitional mechanism […]

Mumbai: Helped by the GST Council’s recent tax cut on internal combustion engine (ICE) vehicles, TVS Motor expects FY26 to be a record year for the two-wheeler industry, with festive demand and a strong product pipeline giving further tailwinds. The company said the upcoming festive season could help the sector finally surpass its FY19 peak, […]

Retail sales of automobiles grew 2.8% on-year in August, supported by demand during the Onam and Ganesh Chaturthi festivals. Sales were however flat sequentially as many buyers deferred purchases, anticipating a drop in prices after the goods and services tax (GST) cuts. Total retails rose to more than 1.96 million vehicles, from 1.91 million a […]

Your car just got cheaper under GST 2.0. From Tata, Hyundai, and Mahindra to Toyota, Skoda, BMW, and Mercedes, brands have slashed prices across models. Savings start from a few tens of thousands and go up to ₹11 lakh on luxury cars. Check out the brand-wise list of GST 2.0 car price cuts. Show more […]

Hero MotoCorp on Monday announced the appointment of Harshavardhan Chitale as the Chief Executive Officer of the company. The company said that the office of the Acting Chief Executive Officer held by Vikram Kasbekar has been relinquished and he will continue to serve on the board of Hero MotoCorp as Executive Director and Chief Technology […]

The introduction of GST 2.0 has led to sharp reductions in car prices across India, ranging from entry-level hatchbacks to luxury SUVs. Buyers can now save between ₹65,000 and ₹8.9 lakh, depending on the model. Add as a Reliable and Trusted News Source Mahindra (Up to ₹1.56 lakh off) Bolero Neo: ₹1.27 lakh cheaper XUV […]

Mumbai|Kolkata: Diwali is arriving early for shoppers as manufacturers, retailers and ecommerce platforms begin to roll out prices as per revised goods and services tax (GST) rates – even before they take effect September 22 – for cars, TV, ACs, apparel and footwear to help trade partners clear out pending inventory. This will also help […]

Toyota Kirloskar Motor has reportedly announced major price cuts across its product portfolio, passing on the full benefits of the recent GST reduction to customers. The move comes just ahead of the festive season, making several popular Toyota models more affordable. According to reports, the Toyota Fortuner will see the steepest reduction of up to […]

Homegrown auto major Tata Motors Friday said prices across its range of vehicles will come down by up to ₹1.55 lakh with company deciding to pass on the entire benefit of the GST reduction to customers with effect from Sep 22, 2025. Tata Motors sells a range of vehicles from hatchback Tiago to midsized SUVs […]

On this episode of ET Titan Talks, Santosh Iyer, MD & CEO of Mercedes-Benz India, is in conversation with Deepak Ajwani, Editor, The Economic Times Digital. Iyer opens up on the evolving Indian luxury car market and his leadership philosophy. He shares insights on the changing profile of the Indian luxury customer, the rise of […]

Car, two-wheeler and consumer electronics makers in India are increasing production by as much as 25%, anticipating that GST cuts on various products will trigger a surge in demand that will be sustained at least until Christmas. Small car makers are even more optimistic, expecting demand to remain buoyant for a longer period.The cuts in […]

Diwali came early for 1.4 billion consumers as the GST Council on Wednesday announced a major tax overhaul, leaving only two slabs and reducing the prices of over 400 items. While essential products will become cheaper under the ‘next-gen’ reforms, luxury cars have been placed in a ‘special slab’ attracting a 40% tax rate. The […]

The Goods and Services Tax (GST) overhaul announced by Prime Minister Narendra Modi last month is now officially in force, bringing major changes to India’s automobile taxation. Small petrol and diesel cars are set to benefit from rate cuts, but luxury vehicles and high-end electric cars will now face higher levies, reshaping costs for premium […]

Honda Cars India Ltd. (HCIL) on Wednesday announced updates for Honda Elevate. The new updates include new colour options, enhanced exterior styling elements, and packages that aim to enhance the premium appeal for the festive season, the automaker said in a release. Speaking on the new offerings, Kunal Behl, Vice President, Marketing & Sales, Honda […]

Tyre maker Ceat on Tuesday said it expects the Camso brand integration with itself to give a 10-15 per cent boost to its topline. The Mumbai-headquartered firm reported revenue of Rs 13,218 crore for FY25. Last December, Ceat entered into a definitive agreement with Michelin to acquire its Camso brand’s off-highway construction equipment bias tyres […]

India’s biggest carmaker Maruti Suzuki posted a 6% decline year-on-year in car production last month, adjusting the company’s vehicle rollout to market demand. Maruti Suzuki rolled out 1,58,202 units from its production sites across India in August 2025, as compared to 1,68,953 units in August 2024. The auto giant produced 11% less units of Alto […]

New Delhi: Passenger vehicle sales fell for the fourth straight month in August with carmakers controlling dispatches to dealerships ahead of the announcement of revised GST rates later this month. As per industry estimates, as many as 330,000 vehicles were dispatched from factories to dealerships last month, a 7% decline from 356,000 units a year […]

Vintage vehicle enthusiasts in Uttar Pradesh can now register their prized cars and bikes in the “vintage” category, with the state transport department starting the facility in line with the Ministry of Road Transport and Highways’ (MoRTH) 2021 notification. Officials on Monday said the move will provide clarity, ease of compliance and help preserve the […]

Honda Motorcycle and Scooter India (HMSI) is seeking to increase its market share in the two-wheeler sector in the country through a series of new model launches, a company official said. The company has launched two new motorcycles in the 100cc and 125cc segments in the Indian market. The current market share of HMSI in […]

New Delhi: A clear picture regarding new GST rates at the earliest will help the overall auto industry, including the luxury car segment, to regain momentum in the ongoing quarter, which generally sees enhanced sales on account of the festive season. The high-powered GST Council, chaired by Finance Minister Nirmala Sitharaman, will meet on September […]

Motor vehicle theft in India has reached epidemic proportions, more than doubling in recent years despite advances in security systems, with SUVs like Hyundai Creta and Toyota Fortuner becoming prime targets of thieves, according to police recoveries. Recent recoveries of stolen vehicles underscore the obsession of thieves with modern SUVs. Of nearly 70 vehicles that […]

Despite a warming of the China-India relationship, automakers in the South Asian country still facing a lack supply of heavy rare earth magnets — an issue they hope can be resolved when Prime Minister Narendra Modi meets President Xi Jinping this weekend. More than 50 Indian applications to import heavy rare earth magnets are awaiting […]

Indian automaker Tata Motors launched a new commercial vehicle, 9-seater Tata Winger Plus at Rs 20.60 lakh ex-showroom price (New Delhi) on Friday. Along with personal USB charging points, individual AC vents and ample leg space, Winger Plus allows real-time vehicle tracking through Tata Motors’ Fleet Edge. Built on a monocoque chassis, the vehicle offers […]

Around 10 lakh passenger vehicle units were sold in the country in the April-June quarter this fiscal, with Maharashtra leading the sales chart during the period, according to the data shared by industry body SIAM. In the April-June period, 10.12 lakh units of passenger vehicles were sold in the country, with the western zone leading […]

Maruti Suzuki, India’s largest carmaker, expects the proposed GST reforms to revive demand for small cars, supporting growth in the broader automotive market and helping cushion the impact of high US tariffs being felt in some other sectors of the economy. “My hope and my expectation is that subject to approvals by the GST Council, […]

New Delhi, India needs to come together to deal with the 50 per cent punitive US tariffs on Indian products and stand up to any kind of bullying, Maruti Suzuki India Chairman R C Bhargava said on Thursday. Addressing shareholders at the company’s 44th Annual General Meeting (AGM) here, the veteran industry leader also noted […]

Commercial vehicle dispatches from companies to dealers are expected to witness a volume growth of 3-5 per cent year-on-year in the current fiscal, rating agency Icra said on Wednesday. Domestic commercial vehicle wholesale volumes reported a moderate 6.1 per cent year-on-year increase in July 2025, even as volumes declined sequentially by 2.7 per cent. “ICRA […]

Automobile and consumer electronics dealers are treading cautiously ahead of the crucial festive season as they await an imminent cut in Goods and Services Tax (GST) and product prices. The dealers are going slow on adding inventory to preserve working capital and avoid locking funds in input tax credit should the anticipated rate cuts come […]

Auto parts makers in India are weighing options to diversify into other markets besides setting up plants overseas to navigate the effects of 50% tariff. Nearly half of India’s auto parts exports to the US will attract the new duty effective today, doubling from the 25% tariff implemented from August 7. This is expected to […]

Small commercial vehicle maker Piaggio Vehicles Pvt Ltd (PVPL) on Tuesday said it has collaborated with Hinduja Leyland Finance (HLF) for offering retail finance to its customers for vehicle purchase. The collaboration covers both internal combustion engine powered and electric-run three-wheelers, PVPL, a wholly-owned subsidiary of Italian auto major Piaggio Group, said. India’s mobility landscape […]

Mahindra & Mahindra is scouting for a land parcel to set up a greenfield manufacturing plant to ramp up production to cater to the domestic and export markets, according to a senior company executive. The Mumbai-based auto major has unveiled its all-new modular, multi-energy NU IQ platform that will support a new range of SUVs, […]

The domestic two-wheeler segment is expected to register a 6-9 per cent year-on-year volume growth in the current fiscal, rating firm Icra said on Monday. The growth is likely to be supported by steady replacement demand, recovery in urban consumption, healthy rural incomes aided by a normal monsoon, and a possible reduction in GST rates, […]

Renault has introduced the new Kiger in India, with prices starting from ₹6,29,995, according to information available on the company’s official website. This latest version of the 5-seater SUV features a fully revamped design, highlighted by a bold new front, muscular shoulders, and a dynamic, sporty stance. Renault Kiger dimensions The new Kiger comes equipped […]

The domestic tyre industry is likely to register a 7-8 per cent growth in the current fiscal on the back of replacement demand, according to people tracking the sector. JK Tyre & Industries MD Anshuman Singhania said the Indian tyre industry remains an export-heavy manufacturing sector, with outbound shipments surpassing Rs 25,000 crore in FY25. […]

Samvardhana Motherson International Ltd (SAMIL) has said the recently announced US tariffs on imports from India don’t have a material impact on its operations. According to the company’s latest investor presentation, exports from India to the US stood at less than USD 10 million in the first quarter of FY26. The company explained that most […]

The US’s new tariffs on Indian auto components are set to cause immediate disruption, with analysts and industry experts warning that 15-20% of India’s exports to its largest auto-parts market could be lost in the short term, ToI reported. The US accounts for 27% of India’s auto component exports, meaning around 8% of the country’s […]

Passenger vehicle dispatches from companies to dealers in the domestic market declined marginally year-on-year in July, hit by muted demand, industry body SIAM said on Thursday. Passenger vehicle dispatches declined to 3,40,772 units in July, compared to 3,41,510 units in the same month last year. “All vehicle segments posted stable performance in July 2025, though […]

Manufacturers of passenger vehicles, television sets and other consumer products are worried consumers may hold off purchases over the next two months in wait for the proposed GST cuts to be put in place. Company executives said this could badly dent demand during peak sale periods such as Ganesh Chaturthi, Onam and Durga Puja festivals […]

TVS Motor Company on Thursday expanded its electric commercial vehicle range with the introduction of a three-wheeler for the cargo segment. The company had forayed into the electric three-wheeler segment earlier this year with the launch of the King EV MAX to cater to the passenger segment. TVS King Kargo HD comes with a driving […]

Hero MotoCorp unveiled the all-new Glamour X 125, priced at Rs 89,999 (drum variant) and Rs 99,999 (disc variant), ex-showroom on Tuesday. Bookings are now open both online and at dealerships, with deliveries expected to roll out soon. No longer just a modest commuter, the Glamour X 125 now arrives with a sportier and sharper […]

India’s Tata Motors returned to South Africa’s passenger vehicles market after a six-year absence, launching three ranges of SUVs and an entry-level compact hatchback to take on Chinese competitors. Growing demand for budget-friendly cars is luring global automakers to offer consumers more options, in a shift that spotlights rising reliance on low-cost imports from India […]

Japanese auto major Honda Motor Co Ltd on Wednesday said it has set up a subsidiary in India to offer retail sales financing services, including loans and lease sales options, to customers. Honda Finance India Pvt Ltd will offer customers retail sales financing services, including loans and lease sales options for the company’s products in […]

The government’s aim is to make India’s automobile industry the number one in the world in the next five years, Union Minister Nitin Gadkari said on Tuesday. Launching a report prepared by The Express Industry Council of India (EICI) and KPMG, Gadkari said the future of express industry is very good in the country. “The […]

The prices of small cars in India could see a reduction of about 8 per cent if the government decides to bring down the current Goods and Services Tax (GST) rate from 28 per cent to 18 per cent, according to a report by HSBC. The report highlighted that in the present structure, passenger vehicles […]

NEW DELHI: The proposed goods and services tax (GST) recast could perk up the small passenger car market, which has been under pressure for some time amid a growing preference for larger vehicles such as SUVs.Small cars are likely to be placed in the 18% tax slab, substantially reducing the tax burden on them, people […]

India’s plan to overhaul its goods and services tax (GST) regime is being billed as the most sweeping reform since the levy was introduced in 2017. And for RC Bhargava, chairman of the country’s largest carmaker Maruti Suzuki, the proposed changes could be transformative.Speaking to Reuters on Monday, Bhargava called the move a “huge reform” […]

German luxury carmaker BMW on Thursday said it will hike prices of its vehicles across its range by up to 3% from September 1, 2025, citing the adverse impact of continued forex fluctuation and global supply chain dynamics. BMW currently sells a range of luxury cars and SUVs, including electric vehicles, starting with the 2 […]

In upcoming sweeping reforms, the GST on automobiles – currently in the highest tax bracket – will be restructured to resolve classification disputes related to engine capacity and vehicle size, ultimately benefiting the common man, according to government sources.Presently, automobiles are taxed at 28 per cent, which is the highest GST slab. A compensation cess, […]

Domestic passenger vehicle sales stayed almost unchanged from the year earlier in July due to persistently slow consumer demand.Companies are cautiously optimistic that sales will recover during the coming festive season, starting with Onam later this month. As many as 340,772 cars, sedans, and utility vehicles were dispatched from factories to dealerships last month, marginally […]

Mahindra, in partnership with Warner Bros. Discovery Global Consumer Products, has launched the BE 6 Batman Edition — a limited-run electric SUV blending modern luxury with cinematic heritage, inspired by Christopher Nolan’s acclaimed The Dark Knight Trilogy.Priced at Rs 27.79 lakh, the BE 6 Batman Edition is limited to just 300 units, making it a […]

Mumbai: Mahindra & Mahindra is plotting a calibrated push into key overseas markets, anchored by a new modular platform that will spawn its next generation of SUVs. The automaker will however continue to prioritise leadership in revenue market share over sheer volume gains, said a senior company executive.“Volume share gains are happening on their own, […]

Mahindra & Mahindra Limited on Friday unveiled its all-new modular NU_IQ platform that will underpin a new range of disruptive SUVs. The company provided a glimpse of its next-generation products by showcasing four concepts based on the new platform. The NU_IQ platform emerges from the company’s strategy in the automotive space by creating revolutionary products […]

Commercial vehicle maker Ashok Leyland on Thursday reported a 19.44% rise in consolidated net profit to ₹657.72 crore for the first quarter ended June 30, 2025, driven by record sales volumes.The company had posted a consolidated net profit of ₹550.65 crore in the same period last year, Ashok Leyland said in a regulatory filing. Consolidated […]

Tata Motors’ balance sheet strength will offset the impact of the demerger of its commercial vehicle business and risks associated with the proposed acquisition of Italian firm Iveco, S&P Global Ratings said on Thursday. The company’s credit profile is evolving amid the proposed acquisition of Iveco Group, the upcoming demerger of the commercial vehicle business, […]

Maruti Suzuki India on Wednesday said it has inked an initial pact with Punjab National Bank to offer enhanced inventory funding solutions for its dealer network across the country. Maruti Suzuki and Punjab National Bank have signed a Memorandum of Understanding (MoU) to this effect. The collaboration aims to streamline and strengthen the financial ecosystem […]

New Delhi: Tata Motors on Wednesday said it has forayed into the Dominican Republic market through a strategic partnership with Equimax, its authorised distributor. The launch marks a significant milestone in the company’s global expansion strategy and introduces a tailored portfolio of commercial vehicles designed to meet the evolving needs of the region’s logistics, infrastructure, […]

Mercedes-Benz India on Tuesday said its top-end model range continues to drive growth for the automaker amid a volatile business environment. In an interaction with PTI, Mercedes-Benz India MD and CEO Santosh Iyer said that the overall domestic luxury car market growth is pegged at around 4-5 per cent year on year. He noted that […]

Renault India released the first teaser of the facelifted Kiger and confirmed that the compact SUV will be launched on August 24. The car is getting its first major update since its debut in 2021. The teaser reveals a new green paint option, fresh B-pillar graphics, and a smoked-out reverse light section. Shots suggest mild […]

Total retail sales of passenger vehicles, two-wheelers, three-wheelers, tractors, and commercial vehicles in India fell 4.31% year-on-year in July to 1.96 million units, on a high base, and reflecting sluggish consumer demand. Retail sales of both passenger vehicles and two-wheelers fell during the month while commercial vehicle sales remained flat. The only exception was a […]

Bosch Ltd on Thursday said it has received demand of over Rs 140 crore, along with interest, from the customs authority for differential duty on account of the interpretation of the classification of oxygen sensors. The company has received an order passed by the Principal Commissioner of Customs (Import) Air Cargo Complex, New Delhi, in […]

New Delhi: Domestic automobile retail sales declined 4 per cent year-on-year in July amid drop in demand for passenger vehicles and two-wheelers, dealers’ body FADA said on Thursday. Overall registrations dropped to 19,64,213 units last month, as compared to 20,52,759 units in July 2024. The pullback largely stems from a high-base effect in July 2024, […]

New Delhi: Carmakers flouting emission norms may soon face hefty penalties, with the government notifying draft rules empowering the Bureau of Energy Efficiency (BEE) to oversee compliance and impose fines. Under the proposed Energy Conservation (Compliance Enforcement) Rules, 2025, BEE will enforce adherence to Corporate Average Fuel Efficiency (CAFE) norms and levy penalties proportional to […]

Monthly SUV sales in India fell for the first time in more than five years in June, weighed down by IT sector layoffs, geopolitical uncertainties and macro challenges. The sport utility vehicle segment has been the key driver of demand in the passenger vehicle market for nearly a decade now. According to latest industry data […]

The death of industrialist Sunjay Kapur has been found to be due to natural causes as per the UK authorities, amid allegations of a foulplay by his mother Rani Kapur. Kapur, the former Chairman of auto components major Sona BLW Precision Forgings (Sona Comstar), passed away due to left ventricular hypertrophy and ischemic heart disease, […]

Mumbai: India’s ultra-luxury car market, worth an estimated ₹2,000 crore annually, is facing uncertainty due to a lack of clarity on the timeline for rollout of the UK-India Free Trade Agreement (FTA). At stake are British marques such as Rolls-Royce, Aston Martin, Bentley and McLaren besides some models from Jaguar Land Rover like the Range […]

Mumbai: Tata Motors has appointed P.B. Balaji as the next Chief Executive Officer of Jaguar Land Rover (JLR), effective November 17, 2025, the company said in a notification to the stock exchanges. With this, Balaji becomes the first Indian to lead the British luxury automaker, marking a symbolic and strategic milestone for both JLR and […]

New Delhi: The 25 per cent US tariff on Indian exports places domestic auto component industry and tyre makers in an unfavourable position as compared with Asian peers like Japan, Vietnam, and Indonesia, which face lower duties, rating firm Icra said on Saturday. The US administration has announced imposition of the tariff on all goods […]

Mahindra & Mahindra (M&M) has acquired 58.96% controlling stake in SML Isuzu with a total investment of INR 555 crore. SML Isuzu Ltd. will be renamed to ‘SML Mahindra Limited’ after regulatory approvals. In April 2025, M&M entered into an agreement to acquire a 58.96% equity stake in SML at Rs 650 per share, representing […]

Mahindra & Mahindra plans to manage rare earth magnet supplies through alternative sourcing channels for the next nine months and will pursue ‘engineering efforts’ to address the raw material shortage situation amid growing product portfolio, according to a senior company executive. The imposition of export restrictions by China on key rare earth magnets has resulted […]

Mumbai: Mahindra & Mahindra (M&M) has completed the acquisition of a 58.96% controlling stake in SML Isuzu from Japan’s Sumitomo Corporation and Isuzu Motors, taking it a step closer to its ambition of expanding further in the commercial vehicle space. As part of the acquisition, the company has restructured the board of SML and announced […]

Domestic passenger vehicle sales rose about 1% in July, marking a slight recovery after two straight months of decline, amid persistently sluggish consumer demand. Companies are cautiously optimistic that sales will accelerate further during the coming festive season, starting with Onam in August. As many as 348,000 cars, sedans, and utility vehicles were dispatched from […]

Volvo Cars will continue to introduce both electric and internal combustion engine (ICE) vehicles in India, pivoting its earlier strategy of going all-electric amid slow customer adoption of battery electric vehicles (BEVs). The Swedish luxury carmaker had last year said it will henceforth sell only electric vehicles in India in its bid to have an […]

Toyota Kirloskar Motor on Friday said its sales increased 3% year-on-year to 32,575 units in July. The company sold 31,656 units in July last year. The Japanese automaker sold 29,159 units in the domestic market and exported 3,416 units last month, Toyota Kirloskar Motor (TKM) said in a statement. “Overall, market acceptance has been consistent […]

The chief executive of Jaguar Land Rover, Adrian Mardell, will step down after more than three decades at the company, a spokesperson for the automaker said on Thursday. “Adrian Mardell has expressed his desire to retire from JLR after three years as CEO and 35 years with the company,” the spokesperson said, adding that a […]

MUMBAI: Tata Motors has agreed to acquire Italian commercial vehicle maker Iveco in what would become its largest-ever acquisition, surpassing the 2008 Jaguar Land Rover (JLR) deal. The acquisition of Iveco, Europe’s fourth-largest truck and bus maker maker, is widely seen as a strategic move by Tata Motors to elevate its commercial vehicle (CV) business […]

Tata Motors has agreed to buy Turin-based truck maker Iveco from its principal shareholder, the Agnelli family, for $4.4 billion ($3.8 billion euros) to provide its commercial vehicle (CV) arm–soon to be listed independently–with much-needed technological heft and global access. This will be the largest acquisition by the Tata Group in the automotive space, almost […]

Mumbai: Tata Motors is all set to buy Italian truck maker Iveco from its principal shareholder, the Agnelli family, for $4.5 billion (3.9 billion, making it the Tata Group’s second-largest acquisition after Corus and the largest ever for the automobile major, people aware of the discussions told ET. In 2008, Tata Motors bought Jaguar Land […]

The competitiveness of Indian tyre manufacturers in the British market will be strengthened as a result of the removal of import duties under the India-UK free trade agreement, Automotive Tyre Manufacturers’ Association said on Tuesday. Welcoming the Comprehensive Economic and Trade Agreement (CETA) between India and the UK, Automotive Tyre Manufacturers’ Association (ATMA) said the […]

A succession battle has broken out in the family of the late Sunjay Kapur, the promoter of Sona Comstar who died last month following a heart attack during a polo match. Rani Kapur, former Chairperson of Sona Comstar and mother of the late Sunjay Kapur has now said that she does not know what happened […]

The Competition Commission of India, the chief national competition regulator, on Monday announced that it has approved the acquisition of certain shareholding of Renault Nissan Automotive India Private Limited by Renault Group B.V. and Renault S.A.S. “C-2025/05/1286: CCI approves the proposed acquisition of certain shareholding of Renault Nissan Automotive India Private Limited by Renault Group […]

ET Bureau Rani also claimed that she was compelled to sign various papers while in a fragile emotional state following her son’s death. A succession battle has broken out in the family of the late Sunjay Kapur, the promoter of Sona Comstar who died last month following a heart attack during a polo match, reports […]

Maruti Suzuki on Friday announced standardization of 6 Airbags in Fronx, resulting in 0.5% hike in average price. The increased price is said to come into effect from today July 25, 2025. On Thursday, Maruti Suzuki announced that Fronx has become the fastest SUV from India to clock export of 1 lakh units in just […]

Shareholders of auto components maker Sona BLW Precision Forgings Ltd have approved the appointment of Priya Sachdev Kapur as a non-executive director, the company said in a regulatory filing. Priya, the wife of late chairman Sunjay Kapur, was appointed as an Additional Director in the capacity of Non-Executive Director with effect from June 23, 2025. […]

The Federation of Automobile Dealers Associations has sought the Reserve Bank of India’s intervention against alleged delays by private banks in transmission of the interest rate cuts to automobile buyers. In a letter to RBI Governor Sanjay Malhotra, the Federation of Automobile Dealers Associations (FADA) also called for a review of private banks’ repo-rate pass-through […]

Auto components major Sona BLW Precision Forgings (Sona Comstar) went ahead with its Annual General Meeting (AGM) on Friday despite a written appeal from Rani Kapur, the mother of late Chairman Sunjay Kapur, to defer the meeting. In a letter dated July 24 and addressed to the company’s board and shareholders, Rani Kapur, former chairperson […]

Auto components major Sona BLW Precision Forgings Ltd (Sona Comstar) on Friday said it did not defer its Annual General Meeting despite an email request from Rani Kapur, former Chairperson of the co and widow of late industrialist Dr Surinder Kapur, clarifying that she is not a shareholder of the company and that the AGM […]

Mumbai: India will slash duties on high-end cars from the United Kingdom under the free-trade deal signed on Thursday, while protecting the mass-market segment where Indian manufacturers are gaining global ground. “Vehicles priced below £40,000 (about Rs 46 lakh including cost, insurance and freight), where Indian automakers are highly active, have been explicitly excluded from […]

The India-UK trade deal is expected to usher in a new era of economic cooperation, foster greater market access, technology partnerships, and value chain integration between the Indian and British automotive industries, the Automotive Component Manufacturers Association of India (ACMA) said on Thursday. The pact, officially called the Comprehensive Economic and Trade Agreement (CETA), was […]

Shally Seth Mohile Mumbai: Renault plans to more than double component sourcing from India to ₹400 million (about ₹4,055 crore) over the next five years, a senior executive said, as the automaker sharpens focus on making the country a key part of its global supply chain. The company currently buys ₹170 million worth of auto […]

Renault has unveiled the 2025 Triber facelift in India, bringing a refreshed design, upgraded features, and new colour options to the popular 7-seater compact MPV. Offered in four variants—Authentic, Evolution, Techno, and Emotion—the new Triber is priced from Rs 6.29 lakh to Rs 9.16 lakh (ex-showroom, pan-India), and from Rs 7.27 lakh to Rs 10.58 […]

India’s leading two wheeler manufacturer, Hero MotoCorp, introduced the feature-packed HF Deluxe Pro, with the model being available Hero MotoCorp dealerships across the country at a price of Rs 73,550. The HF Deluxe Pro reflects Hero MotoCorp’s commitment to providing dependable and efficient mobility solutions. With segment-leading features, striking design, and superior fuel efficiency, the […]

Hyundai Motor India Ltd on Tuesday said it has received a demand of Rs 517.34 crore from tax authorities, along with penalty, for alleged short payment of GST compensation cess on its certain SUV models. The company has received an order from Commissioner (Appeals), CGST Dept, Tamil Nadu, confirming GST compensation cess demand of Rs […]

Maruti Suzuki plans to set up 500 service centres during FY 2025-26 out of which 91 facilities are already set up, the company announced on Monday. The company has expanded its service network to 5,500 service touchpoints across 2,764 cities, with the latest centre inaugurated in Udaipur, Rajasthan. The new service facility was inaugurated by […]

The MG M9 stands out with its trapezoidal mesh grille, split LED headlamps, and connected DRLs, creating a strong road presence. At the rear, a waterfall-style LED taillight completes its unique look. The car comes in three elegant colours: Pearl Lustre White, Metal Black, and Concrete Grey, and rides on 19-inch ContiSeal™ tyres that can […]

Japanese auto major Honda is targeting a 30 % share in the Indian two-wheeler market by 2030, as it chases the goal to achieve half of global two-wheeler sales in the long term, according to a top official of the company’s arm in India. The company’s arm, Honda Motorcycle & Scooter India (HMSI), sees huge […]

Erratic rains and stagnating farm incomes hit motorcycle sales, especially at the entry-level, impacting overall two-wheeler volumes in the June quarter, said a top executive at Honda Motorcycle & Scooter India (HMSI), the country’s second largest two-wheeler maker. The executive is however optimistic of a demand revival in the coming months in line with the […]

New Delhi: Demand for strong hybrid cars is growing at a pace similar to electric vehicles (EVs) despite limited offerings, and government incentives promoting the latter, prompting carmakers to line up more hybrid models to meet increasing customer demand amid high fuel prices. There are only about five strong hybrid models on sale in the […]

Wheels India Ltd, a leading manufacturer of wheels for trucks, agricultural tractors, and passenger vehicles, is betting big on its exports business and has made inroads in the construction and tractor segments, a top official said. The city-based company was also confident that the overseas business to grow this year despite the uncertainty around tariffs. […]

Italy’s Agnelli family is in talks over the possible sale of truck maker Iveco, three sources told Reuters, with two mentioning Tata Motors as a potential buyer. India’s Tata Motors has approached Exor, the Agnellis’ investment company, over its controlling stake in Iveco Group, two of the sources said. A sale would not include Iveco’s […]

British luxury carmaker Jaguar Land Rover has delayed the launch of its electric Range Rover and Jaguar models to allow time for more testing and for demand to pick up, The Guardian reported on Friday. JLR has told customers deliveries of the Range Rover Electric will not start until next year, the report said, while […]

Tata Motors-owned Jaguar Land Rover (JLR) on Thursday confirmed plans to cut hundreds of managerial roles as part of a “limited” voluntary redundancy programme, which it says is aimed at better aligning its leadership workforce with the luxury car brand’s business strategy. The UK-based car manufacturer, which has been under pressure from US President Donald […]

India will set phase-wise goals under the Automotive Mission Plan (AMP) 2047. An official statement said seven sub-committees will guide the development of a comprehensive plan targeting milestones for 2030, 2037, and 2047. These sub-committees comprise experts from government, industry, and academia. AMP 2047 seeks to integrate the collective vision of stakeholders, including Original Equipment […]

Production at Maruti Suzuki India Ltd, India’s largest carmaker, fell to a five-year low in June as demand for its bread-and-butter small cars and compact sedans continued to weaken. An email sent to Maruti remained unanswered. June is typically when Maruti undertakes its bi-annual plant maintenance shutdown, but this year’s figure is the lowest for […]

In a setback to Hindustan Motors, the makers of iconic Ambassador sedan, the Supreme Court on Wednesday upheld the West Bengal government’s decision’s for resumption of 395 acre of land under the West Bengal Estates Acquisition Act, 1953. Kolkata-based Hindustan Motors had stopped production of its legendary Ambassador sedan at its Uttarpara factory in Hooghly […]

Mumbai: India’s passenger vehicle and two-wheeler sales fell in the June quarter, breaking a four-year growth streak, underscoring tepid demand in the rural markets and lower offtake of entry-level cars, as well as scooters and motorcycles. Sales of cars, utility vehicles, and vans fell 1.4% year-on-year to around 1 million units last quarter, showed data […]

Hindustan Motors Ltd on Tuesday alleged that the West Bengal government unlawfully took possession of its plant in Hooghly district without notice, though the matter is pending in the Supreme Court. Responding to the accusation, a senior official said the state government had taken back 395 acres of land in 2022 from the sick company […]

Tesla Inc. is opening its first India showroom as Elon Musk’s electric-vehicle maker looks to ply new markets and offset slowing sales where it’s already well established. A 4,000-square-foot space in Mumbai’s posh financial district of Bandra Kurla Complex will open its doors on Tuesday. It’ll showcase Model Y crossovers made in China with an […]

Two-wheeler manufacturer Hero MotoCorp is set to expand its global presence by entering Germany, France, Spain and the UK in the second quarter of 2025-26, said Chairman Pawan Munjal. Munjal, in his address to stakeholders of the company, said Hero MotoCorp is “Investing in the future — India and beyond”. The company is also mentoring […]

Paris: Stellantis is considering a fresh round of investment in India, as the Dutch group that owns automotive brands like Fiat, Jeep, Chrysler and Peugeot aims to grow its retail network and launch new products in a market where its current share is under 1%. The company, the world’s fourth-largest automaker, is also seeking to […]

Mercedes Benz India plans to hike prices by 1-1.5 per cent from September to mitigate the impact of a weak rupee against the euro, according to its MD and CEO Santosh Iyer. The luxury car market leader has already hiked vehicle prices twice this year, first in January and then in July. “There is another […]

Kia India on Friday said it has appointed Atul Sood as Senior Vice President – Sales & Marketing, with immediate effect. He will report to Joonsu Cho, Chief Sales Officer, Kia India and will lead the brand’s nationwide sales strategy and operations, the automaker said in a statement. Sood brings close to three decades of […]

India’s auto original equipment manufacturers (OEMs) are likely to witness margin pressures in Q1FY26E, impacted by higher raw material (RM) costs and operating deleverage, according to a report by HDFC Securities. The report added that elevated prices of key inputs, particularly steel and platinum group metals, are expected to weigh on gross margins, while lower […]

New Delhi: Luxury vehicle sales in India lost momentum in the first half of 2025, as stock market uncertainty and geopolitical tensions made buyers wary, industry executives said. Some 22,900 luxury cars were sold in the first six months of the year, according to industry estimates-an increase of 1.8% over the same period in 2024. […]

German luxury carmaker Mercedes-Benz said its first-quarter sales in India hit an all-time high, rising 10% to 4,238 units, on strong demand for its high-end models and electric vehicles (EVs). Demand for luxury models in India, the world’s third-largest car market, has steadily risen over the last few years as rapid economic growth brought about […]

New Delhi: Tata Motors, Mahindra & Mahindra (M&M), Bajaj Auto, Ola Electric Technologies and TVS Motor Company could raise claims totalling more than ₹2,000 crore this fiscal year under the Production Linked Incentive (PLI) scheme for automobiles, according to a government assessment. Officials said these claims are for investment and incremental sales goals achieved in […]

After enduring a challenging year in FY25, Apollo Tyres is looking forward with optimism to the opportunities as it sharpens execution and investment in future-ready capabilities, according to company Chairman Onkar Kanwar. In his address to shareholders in the company’s annual report for 2024-25, Kanwar said the company has already put in motion key initiatives […]

JSW Group plans to raise its stake in JSW MG Motor India, its car manufacturing joint venture with SAIC Motor. The Chinese company has decided against committing further capital to India, instead prioritising investments at home and in Europe. Parth Jindal, director of JSW MG, told ET the group wants to come in as the […]

JSW MG Motor on Wednesday said the global shortage of rare earth magnets, a key component in motors used for electric vehicles, has not impacted its production currently and is unlikely to impact it in the immediate future, but it is keeping a close watch on the developments. The company, which launched its first premium […]

Mumbai: More than 60% of Uber customers in India are currently opting for two- and three-wheelers, marking a shift in consumer mobility preferences at the ride-hailing platform from passenger vehicles. Uber, which leads India’s ride-hailing market, employs about 1.4 million driver partners, up from 1 million in 2024, reflecting steady demand growth. “In India, more […]

Tata Motors on Tuesday reported a 9 per cent dip in total global sales to 2,99,664 units in the June quarter. The company had sold 3,29,847 units in the April-June quarter of FY25. Global wholesales of passenger vehicles were lower by 10 per cent year-on-year at 1,24,809 units in the first quarter, Tata Motors said […]

New Delhi: Vehicle registrations, a proxy for retail sales, increased by 4.8% to more than 2 million units in June with plentiful monsoon rains, and higher government spending helping support demand for two-wheelers, tractors, and construction equipment. Retail sales of passenger vehicles grew 2.4% last month to 297,722 units, and commercial vehicles reported a 6.6% […]

Skoda Auto Volkswagen India Pvt Ltd on Monday announced the addition of British super luxury brand Bentley as the sixth marque under the group’s umbrella in India. From July 1, the company has taken the responsibility of exclusively importing, distributing and servicing Bentley vehicles across India. All marketing, sales and after-sales operations will be conducted […]

Geopolitical tensions and U.S. tariff-related spill-over effects could temper consumer sentiment, while rare earth curbs may further limit car supply and retail volumes, India’s Federation of Automobile Dealers Association (FADA) said on Monday. However, above-normal monsoons should bolster rural demand in the near-term, FADA said.

Nissan Motor is in discussions with Taiwan’s Foxconn about a collaboration in electric vehicles that could save its Oppama plant in Japan from closure, the Nikkei business daily reported on Sunday, citing an unidentified Nissan source. Nissan’s Oppama plant, which employs about 3,900 workers, has been a potential consolidation target in the struggling Japanese carmaker’s […]

French carmaker Renault SA is in early talks with JSW Group for a potential joint venture in India, Bloomberg reported, quoting people familiar with the matter, as the French carmaker looks to strengthen its position in one of the world’s fastest-growing auto markets while restructuring ties with longtime partner Nissan Motor Co. The discussions, which […]

Mumbai | New Delhi: Two-wheeler manufacturers are likely to approach the government to seek a deferral of the proposed safety regulation mandating anti-lock braking systems (ABS) across all two-wheeler models from January 1, 2026, citing implementation challenges and capacity constraints. On June 27, the Ministry of Road Transport and Highways (MoRTH) had issued draft amendments […]

India is in the process of holding consultations ahead of the formalisation of CAFE (Corporate Average Fuel Efficiency) 3 norms, scheduled to come into force from April 1, 2027. India currently caps average emissions of all passenger vehicles weighing less than 3,500 kg sold by each manufacturer at 113 gm of carbon dioxide per kilometre. […]

Prices of second-hand cars in the national capital have witnessed a sharp fall in recent days, with traders reporting a decline of 40 to 50 per cent, the Chamber of Trade and Industry (CTI) said on Friday. CTI Chairman Brijesh Goyal said the market for overage vehicles in Delhi has been severely affected, with nearly […]

German premium car maker BMW Group on Thursday reported a 10 per cent jump in total sales in India at 7,774 units in the January-June period of 2025 over the same period year-ago, The Group had sold 7,081 units of BMW and Mini brands of cars in India in the first of CY 2024. Besides, […]

New Delhi: The next edition of Bharat Mobility Global Expo will be held from February 4-9 in 2027 National Capital Region of Delhi, the commerce and industry ministry said Thursday. The first two editions were held in 2024 and 2025. Noting that new segments are being considered in the 2027 edition to broaden the scope […]

Tata Motors, Mahindra & Mahindra, JSW MG Motor India and Toyota Kirloskar Motor have come out against market leader Maruti Suzuki’s proposal to ease fuel efficiency norms for small cars in the upcoming third edition of Corporate Average Fuel Efficiency (CAFE 3) standards. CAFE 3 regulatory norms aimed at reducing fuel consumption and vehicular emissions […]

Chennai: Daimler India Commercial Vehicles, a subsidiary of German truck maker Daimler Truck AG, rolled out a new range of vehicles in the construction and mining segment, a top official said on Wednesday. The company launched the ‘BharatBenz’ brand trucks-comprising the “HX” and “TorqShift” series-at its factory in Oragadam, about 45 km from here. The […]

Hero MotoCorp on Tuesday said its total sales increased by 10 per cent year-on-year to 5,53,963 units in June. The company sold 5,03,448 units in June last year. Domestic dispatches to dealers rose to 5,25,136 units last month, as compared to 4,91,416 units in the year-ago period, the two-wheeler maker said in a statement. Exports […]

Maruti Suzuki India on Tuesday reported a 6 per cent year-on-year decline in total sales to 1,67,993 units in June. The country’s largest carmaker had sold a total of 1,79,228 units in June 2024. Its total domestic passenger vehicle dispatches to dealers stood at 1,18,906 units last month compared to 1,37,160 units in the year-ago […]

Maharashtra has hiked taxes on vehicles by up to Rs 10 lakh, according to a report in the Times of India. As per the report, buying a CNG, LNG, or high-end vehicle in Maharashtra will get more expensive from July 1, as the state transport department rolls out a hike in one-time motor vehicle (MV) […]

Domestic commercial vehicle (CV) industry is likely to see a 3-5 per cent year-on-year growth in wholesale volumes this fiscal, after logging a slight dip of 1.2 per cent in FY25, Icra said in a report on Monday. This growth is expected to be driven by resumption of construction and infrastructure activities and a steady […]

Moscow’s troops seized it as part of their summer offensive, which has achieved steady gains across Donetsk. Russian forces have seized control of a valuable lithium deposit in the Donetsk region of eastern Ukraine, depriving the country of a critical asset that could have helped support a new economic partnership with the United States. The […]

Wendt (India) Ltd, an abrasive and precision component manufacturer, will continue to focus on product development, new customer acquisition, price correction among others, aimed at boosting business growth, the company said on Sunday. The company, part of the diversified conglomerate Murugappa Group, would also take initiatives on identifying and onboarding automobile, steel and engineering industry […]

Maruti Suzuki is reportedly preparing to introduce a new mid-size SUV in the Indian market, expected to be called the Escudo. The model, rumored to carry the internal codename Y17, will likely be positioned between the Brezza and the Grand Vitara and sold through the company’s Arena dealerships, as per a report published in NDTV. […]

Mercedes-Benz India on Friday has launched two exciting new luxury sports cars in India, the AMG GT 63 4MATIC+ and the even faster GT 63 PRO 4MATIC+. These powerful cars come with racing technology, hand-built engines, and top-class performance, starting at a price of Rs 3 crore. “These cars are built for people who love […]

TVS Motor Company on Friday launched the latest version of its popular motorcycle, the Apache RTR 160, with a starting price of Rs 1.34 lakh (ex-showroom). The 2025 model comes with several upgrades, including dual-channel ABS, which makes braking safer and more stable, especially during emergencies or wet road conditions. The bike is powered by […]

Mercedes-Benz India faced a 13% increase in cost over the past year as the rupee continued to weaken against the euro, inflating the cost of imported parts. The Indian arm of the German luxury carmaker, which imports about 70% of its components, responded with calibrated price hikes, Santosh Iyer, managing director, Mercedes-Benz India told ET. […]

India is considering relaxing fuel efficiency norms for small cars after lobbying by Maruti Suzuki, which has seen sales of such cars drop amid an SUV boom, industry and government sources told Reuters. Small cars have been key to Maruti’s success in India and account for most of its sales there. However, declining demand for […]

TVS Srichakra Ltd, makers of two and three wheeler tyres under the ‘Eurogrip Tyres’ brand, has expanded its retail footprint in Tamil Nadu, with the inauguration of two new flagship stores in the city. The Tamil Nadu-based company operates exclusive stores in Mysuru, Ahmedabad, Patna, Farrukhabad, Hyderabad and Chennai. The two new stores were inaugurated […]

New Delhi: Auto parts maker Sona Comstar has firmed up plans to diversify operations and double the share of revenue to 50% from markets like Japan, China and India amid rising geopolitical tensions in the West. Speaking to ET, MD & group CEO Vivek Vikram Singh said, management structures were already in place for ensuring […]

JSW MG Motor India on Wednesday said it will hike prices of its vehicles by up to 1.5 per cent across most of its offerings from July 1. This revision is being done to mitigate the impact of rising input costs and other macroeconomic factors, the company said in a statement. The company sells a […]

British auto maker Jaguar Land Rover (JLR) will start assembling its luxury vehicles from completely knocked down (CKD) kits at its upcoming factory in Tamil Nadu by early 2026, said senior executives at parent Tata Motors on Tuesday. However, Tata Motors has deferred the launch of its flagship Avinya brand of electric vehicles (EVs) by […]

Tata Motors group is better equipped to deal with supply chain challenges arising from the ongoing Israel-Iran clash, China’s restriction of rare earth magnet exports and global tariff war, having learnt from the semiconductor crisis during the COVID-19 pandemic, top company officials said on Tuesday. Jaguar Land Rover (JLR), the company’s British arm that is […]

The government may consider a differentiated structure based on vehicle size while framing the third edition of CAFE (Corporate Average Fuel Efficiency) norms, aimed at enhancing fuel economy of all vehicles and curbing carbon emissions. The new rules are expected to be rolled out from April 1, 2027. People in the know told ET that […]

Auto components major Sona BLW Precision Forgings on Monday announced the appointment of Jeffrey Mark Overly as its Chairman. The board of directors, at its meeting held on June 23, 2025, appointed Overly, an independent director since February 12, 2021, as the Chairman of the company, Sona BLW Precision Forgings Ltd (Sona Comstar) said in […]

ET Bureau The situation for the auto industry has deteriorated over the past few months as no Indian auto component or vehicle company has managed to get approval from the Chinese govt for procuring rare earth magnets. As Indian auto industry faces a magnet supply crunch, following restrictions placed by China, a group of companies, […]

European mass market car manufacturers like Renault, Volkswagen and Skoda continue to find it hard to expand their presence in the India market, witnessing a decline in sales in the last three financial years, industry data showed. According to data released by JATO Dynamics, a leading provider of data and analytics to the global automotive […]

In a car market long dominated by affordability, safety is emerging as the best-performing driver. Five-star Bharat NCAP-rated vehicles made up 15% of all passenger vehicle sales in the country in the first four months of 2025 — up from 10% during January-April 2024 — as Indian car buyers increasingly prioritise protection over mileage and […]

The Maruti Suzuki Swift, a name that has become almost synonymous with the Indian hatchback segment, has completed 20 years on Indian roads. Since its launch in May 2005, the Swift has seen four generations, sold over 30 lakh units in India, and now holds a 31 % share in its segment. It continues to […]

Mumbai: Tata Motors chairman N. Chandrasekaran on Friday told shareholders that the company is accelerating its electric vehicle (EV) strategy, even as it closely monitors supply chain and geopolitical risks that could affect growth. Speaking at the company’s 80th annual general meeting, Chandrasekaran said, “We expect to reach 30% EV penetration well before 2030. We […]

Mumbai: Tata Motors is working with the government and is also taking steps to procure magnets from alternate sources in the wake of China restricting exports of rare earth elements, company Chairman N Chandrasekaran told its shareholders on Friday. Responding to queries from shareholders on the impact of China’s move to restrict exports of rare […]

Anti-lock braking systems (ABS) will become mandatory for all two-wheelers sold in the country from January 1 as part of a proposed new safety regulation by the government. The Ministry of Road Transport and Highways is likely to issue a notification soon on the matter, said people aware of the matter. The step is aimed […]

Under the “Make in India” initiative, the Marhowrah Diesel Locomotive Factory in Bihar is set to export 150 Evolution Series ES43ACmi locomotives–built in collaboration with Wabtec–to power Guinea’s Simandou iron ore project. This landmark deal, valued at over Rs 3,000 crore, marks a significant boost to India’s international railway manufacturing footprint. As per officials, 37 […]

Mumbai: Skoda Auto Volkswagen India Pvt Ltd (SAVWIPL) has received in-principle approval from its German parent to invest an additional ₹1 billion (about ₹10,000 crore) for expanding its operations in the country, said people aware of the development. Under its new India 3.0 road map, the world’s second-largest automaker will sharpen focus on the fast-growing […]

Hero Motocorp on Wednesday introduced the Battery-as-a-Service (BaaS) model for its VIDA VX2, which will help consumers reduce the upfront ownership cost, making electric mobility more affordable and accessible to a wider customer base. This “pay-as-you-go” battery subscription is intended to make VIDA Electric Vehicle (EV) ownership more flexible and affordable. This BaaS model will […]

TVS Motor Company on Tuesday announced its foray into the Indonesian electric two-wheeler market with its all-electric scooter iQube. The company’s arm PT TVS Motor has opened bookings for iQube in Indonesia at an introductory price of IDR 29.9 million (around Rs 1.6 lakh), TVS Motor Company said in a statement. “Electric vehicle (EV) adoption […]

The Competition Commission of India (CCI) on Tuesday cleared Mahindra & Mahindra’s proposed acquisition of a nearly 59 per cent stake in commercial vehicle maker SML Isuzu for Rs 555 crore. Mahindra & Mahindra in April announced the acquisition of a 58.96 per cent stake in SML Isuzu for Rs 555 crore. “The proposed combination […]

The automotive industry continues its lead over other sectors in terms of pay hikes, offering double-digit increments, outperforming average single-digit raises for most of India Inc. Automotive companies likely issued a 10.1% salary hike for FY25 compared to an average more than 8% for other Indian corporates, according to Deloitte’s ‘Performance and Rewards Trends Study’ […]

Mumbai: Auto sales in India (all segments) rose marginally by 1.5% over the same period last year led by a 2% growth in two wheelers. With the exception of scooters and motorcycles, dispatches across most of the segments— counted as sales, either remained muted or declined over the same period last year as manufacturers curtailed […]

Maruti Suzuki India has signed an MoU with Equitas Small Finance Bank, entering into a strategic vehicle financing partnership for customers. The carmaker said in a statement this week that this collaboration, which aims to provide retail financing solutions for new, used, and commercial vehicles, will enhance the accessibility and affordability of Maruti Suzuki vehicles […]

New Delhi: Rare earth magnets, low in cost but critical in function, could emerge as a key supply-side risk for India’s automotive sector if China’s export restrictions and delays in shipment clearances persist, according to a report by Crisil Ratings. The rating agency said this week that a disruption lasting more than a month can […]

New Delhi: The number of India-based companies awaiting licences from China’s commerce ministry to procure rare earth magnets has nearly doubled to 21 from 11 two weeks ago, according to people familiar with the matter. These include Bosch India, Marelli Powertrain India, Mahle Electric Drives India, TVS Motor and Uno Minda, they said. Sona Comstar, […]

Mercedes-Benz has launched the limited-run AMG G63 ‘Collector’s Edition’ in India at a starting price of ₹4.30 crore (ex-showroom), making it ₹66 lakh costlier than the standard model. Teased just days ago, this India-exclusive edition is limited to only 30 units, with bookings now open and deliveries scheduled for Q4 of 2025. This special edition […]

Mercedes-Benz India aims to introduce more special edition trims offering customisation, leveraging expertise of German automaker’s Bengaluru-based global R&D centre, a top company official said on Thursday. The luxury carmaker on Thursday introduced AMG G 63 ‘Collector’s Edition’ priced at Rs 4.3 crore (all-India ex-showroom). The company will roll out only 30 units of the […]

Leading car maker Maruti Suzuki India Ltd has partnered with private sector Equitas Small Finance Bank to offer vehicle financing options to its customers, a company official said on Friday. A memorandum of understanding between the two entities was signed with an aim to provide retail financing options for new cars, used cars and commercial […]

Squeezed for supplies, automakers have made a three-pronged suggestion to improve supplies of rare earth magnets over the next three years to reduce dependence on China. The Indian auto industry made a presentation to the ministry of heavy industries last week detailing strategies to attain self-sufficiency in supply chains. It suggested incentives for Indian companies […]

Czech carmaker Skoda is looking to scale up its pre-owned car business, enter the CNG segment and expand sales network as it aims to double volumes in the Indian market this year, according to a top company executive. The carmaker, which sold around 36,000 units in the country last year, expects its SUV portfolio, which […]

Mumbai: Car dealerships across India are staring at unsold inventory worth a record Rs 51,000-52,000 crore-the highest ever in value terms-as manufacturers continue to push vehicles into the market despite subdued retail demand for over a year. While the 34-38 days of stock (440,000 units) by volume up to May is still marginally lower than […]

The country’s largest carmaker Maruti Suzuki Wednesday said it has received 5-star rating for the All-New Dzire in Bharat New Car Assessment Program (BNCAP). With this rating, the Dzire became the country’s first sedan to receive this recognition. The other model tested under Bharat NCAP , the New Age Baleno scored 4-stars. Tp strengthen safety […]

The country’s largest carmaker Maruti Suzuki India is recalibrating production of its upcoming model e VITARA due to the shortage of rare earth magnets, industry sources said. The auto major is looking to produce around 8,000 units of the model by September as against the earlier stated plan of rolling out over 26,000 units during […]

A disruption in rare earth magnet supplies lasting beyond a month can impact production of passenger vehicles, including electric models, weighing on the domestic automobile industry’s growth momentum, a report on Tuesday said. Rare earth magnets, low in cost but critical in function, could emerge as a key supply-side risk for India’s automotive sector if […]

Mumbai: Samvardhana Motherson is bracing for battle with US distressed debt hedge fund Strategic Value Partners (SVP) over the acquisition of Marelli Holdings, a Japanese car parts supplier owned by private equity group KKR & Co, said people aware of the matter. The Vivek Chaand Sehgal-led Indian company is said to be raising a $2 […]

Maruti Suzuki India Chairman R C Bhargava on Monday said there is no impact on the company’s production due to the shortage of rare earth magnets as of now. His comments come against the backdrop of restrictions imposed by the Chinese government since April 4 on the export of rare earth elements and related magnets. […]

The automobile industry has sought government support in expediting approvals from the Chinese government for importing rare earth magnets used in various applications, including passenger cars. As per the industry sources, various domestic suppliers have already sought approval from the Chinese government through their local vendors in China. However, no approvals have been granted so […]

The Indian automobile industry is facing a significant challenge due to recent restrictions imposed by the Chinese government on the export of rare earth magnets. These magnets are critical components in many applications, including passenger vehicles and electric vehicles (EVs). Suppliers have been attempting to secure approvals from China through local vendors, but no approvals […]

New Delhi: Sales of motorcycles with an engine capacity of 150-200 cc, mostly bought in India’s metros larger cities, declined 9% in FY25, mirroring FMCG sales that have also been hit by slowing consumption in urban markets, besides patrons not being enthused about the models on offer. Things haven’t improved much since then. Sales of […]

New Delhi, The decision of the Reserve Bank to cut policy rate by 50 basis points will have a positive impact on the automobile sector as it will make loans cheaper, industry body SIAM said on Friday. The RBI on Friday cut repo rate by a higher-than-expected 50 basis points to prop up growth, which […]

Mumbai: All new medium and heavy trucks manufactured and sold in India from June 8 must have air-conditioned cabins under a government notification issued a year-and-a-half ago to enhance driver comfort and reduce fatigue. Some truck makers have responded with model upgrades and a one-time price hike of 1-2.5%, depending on the variant and application, […]

Vehicle registrations – a proxy for retail sales – increased by 5% to 2.21 million units in May on back of demand for two-wheelers, three-wheelers and tractors. As per data collated by industry body Federation of Automobile Dealers Associations (FADA) from the VAHAN portal of the Ministry of Road Transport & Highways (MoRTH) sales of […]

New Delhi: TVS Motor Company Thursday announced the appointment of Sudarshan Venu as chairman with effect from August 25, 2025. “The board of directors unanimously named Sudarshan Venu as incoming chairman, in recognition of his exemplary contributions to the company’s sustained growth and strategic development during his tenure as director. Effective August 25, 2025, Sudarshan […]