TVS Motor Company on Thursday announced that The Board of Directors unanimously named Sudarshan Venu as incoming Chairman of the Company. He will take over as the Chairman and Managing Director effective August 25. The move is in recognition of Venu’s exemplary contributions to the Company’s sustained growth and strategic development during his tenure as […]
Alarm over China’s stranglehold on critical minerals grew on Tuesday as global automakers joined their US counterparts to complain that restrictions by China on exports of rare earth alloys, mixtures and magnets could cause production delays and outages without a quick solution. German automakers became the latest to warn that China’s export restrictions threaten to […]
Maruti Suzuki India Limited (MSIL) on Wednesday announced a significant expansion of its renewable energy initiatives with plans to invest over Rs 925 crore by FY31, aiming to scale its solar power capacity to 319MWp. The move comes as part of the automaker’s long-term green energy roadmap and as part of its ongoing efforts, Maruti […]
India’s auto industry remains under threat due to China having restricted the supplies of critical rare earth magnets, despite nine component makers having had their import applications endorsed by the neighbouring country’s embassy. Supplies have not resumed as China’s commerce ministry has still not given its approval. The magnets are essential for electric vehicles as […]
Hyundai Motor India Limited (HMIL) announced significant enhancements to its premium SUV, Hyundai Alcazar, with a panoramic sunroof and DTC option on Tuesday. Alcazar diesel Corporate variants start from Rs 17,86,700 and on the other hand, Alcazar Prestige DCT Petrol variant starts from Rs 18,63,700. HMIL also shared, in a move to further elevate the […]
Tyre maker Continental on Monday said it will discontinue its truck and bus radial tyre business in India with immediate effect, as part of a strategic realignment of its product portfolio in the country. The company will fully focus on the profitable growth of its passenger car and light tuck (PLT) tyre business in the […]
India’s leading car makers Maruti Suzuki, Hyundai Motor India and Tata Motors all sold fewer vehicles in May from a year ago as sluggish demand, especially at the entry-level, kept the dispatches flat. However, Korean auto major Hyundai Motor India climbed up the ranks to the third spot in the passenger vehicle market in May […]
Kia India on Sunday reported 14 per cent year-on- year increase in dispatches to dealers in the domestic market in May. The company billed 22,315 units last month as compared with 19,500 units in May 2024. The newly launched Carens Clavis received an overwhelming response from customers, reaffirming Kia’s ability to meet evolving consumer expectations […]
Sales of cars, sedans and utility vehicles remained largely flat last month, albeit on a high base, amid sluggish consumer demand in the local market. As per initial industry estimates about 352,000 passenger vehicles were sold last month, which is an increase of about 0.1% over the same period last fiscal. Automakers in India mostly […]
In the past, getting a car meant negotiating prices at dealerships, facing extra fees, and waiting for many days. But what if you could do everything yourself from the comfort of your couch? ACKO Drive offers just that and much more. It is a platform that offers a new way of buying cars marked by […]
India’s auto manufacturing faced a severe threat from China’s sudden export restrictions on rare earth magnets, putting the country’s car production at risk of coming to a complete halt within days, according to company executives and industry documents seen by Reuters. These magnets are vital components used not only in electric vehicle motors but also […]
The Indian automotive industry is preparing to send a high-level delegation to China next week to address escalating concerns over delays in rare earth magnet imports, people familiar with the development said. They noted that China’s new export restrictions on rare earth materials, effective April 4, have created procedural bottlenecks, resulting in delayed shipments to […]
Mahindra & Mahindra (M&M) on Friday said it has joined hands with Dolby Laboratories to introduce Dolby Atmos in the Mahindra Thar ROXX AX7L variant. This marks a first-of-its-kind innovation in the global SUV market, integrating 4-channel immersive audio powered by Dolby Atmos into a vehicle, the Mumbai-based automaker said in a statement. “By being […]
India’s ageing fleet of medium and heavy commercial vehicles (M&HCVs) is expected to trigger a significant rise in replacement demand, as truck makers and analysts see fleet operators shifting towards newer, more efficient models with better technology and faster turnaround times. According to data from manufacturers and ratings agency ICRA, the average age of M&HCV […]
Automotive components maker Samvardhana Motherson International Ltd (SAMIL) on Thursday said it will allocate nearly 70% of its planned ₹6,000 crore capital expenditure for FY26 to non-automotive businesses, as per its FY25 earnings presentation. The company is investing in greenfield projects across aerospace, consumer electronics, industrial solutions, and other sectors. In FY25, the company spent […]
Luxury carmakers in India are sharpening their focus on exclusivity and personalisation to deepen their engagement with the lucrative and burgeoning pool of affluent buyers. By rolling out limited-edition variants and high-performance versions of core models, these automakers are not just seeking to unleash excitement and burnish brand prestige but also moving to unlock new, […]
Buying a car is a significant milestone for many. Proper research is needed about the different models, engine options, fuel efficiency, and maintenance costs to make the right choice. With digitalisation on the rise, the way Indian car enthusiasts buy cars is also changing, and ACKO Drive is leading this change. Now, you won’t need […]
Luxury automotive group BMW is offering a price protection assurance program to Indian customers looking to buy MINI 3-Door Cooper S model produced at its Oxford plant in the UK, amid anticipated duty cuts in the wake of India-UK FTA pact, a top company official said on Friday. BMW Group India will pass on the […]
India’s duty concession offer for the auto sector under the free trade agreement (FTA) with the UK is “very nuanced” with relaxations and quotas linked to engine capacity and vehicle prices, an official said. India has included adequate safeguards in the agreement with the UK to protect its sensitive sectors and in the automobile segment, […]
Tata Motors has paid Rs 38,892 crore in tax and other contributions globally in 2024-25, a dip of 1 per cent as compared with Rs 39,344 crore in the FY24, according to its inaugural Tax Transparency Report. Direct contributions, including, corporate income tax, surcharge and cess stood at Rs 25,766 crore last fiscal as compared […]
Luxury carmaker Audi India on Monday said it has partnered with double-Olympic medalist javelin thrower Neeraj Chopra. The partnership celebrates the shared values between the athlete and the brand – world-class performance, explosive speed and iconic stature, Audi India said in a statement. “At Audi, we stand for those who push boundaries – those who […]
NEW DELHI: Japan emerged one of the top five export destinations for Made-in-India cars for the first time in the last fiscal year, underscoring steadily growing global acceptance of cars built in the country, including developed markets. Key Indian exporters include the local units of Suzuki Motor Corp and Honda Motor Co, seeking to increasingly […]
India could see the introduction of more Range Rover limited edition trims, specially curated for the country, to cater to the diverse set of customers in the market, according to a top company executive. The brand is looking at enhancing its presence as it anticipates growth in the Indian market with the number of high-net-worth […]
Kia India launched its big, bold family vehicle, the new Kia Carens Clavis, for Indian consumers at a starting price of Rs 11.49 lakhs on Friday. Kia digital tiger face, LED headlamps with LED daytime running lights, and Starmap LED connected tail lamps gives a clear visual identity. Adding to its road presence are 17 […]
The proposed demerger of Tata Motors into two listed entities will bring strategic clarity, enabling long-term returns for shareholders, according to Chairman N Chandrasekaran. Addressing shareholders in the company’s 80th Integrated Annual Report for FY25, he noted that the demerger of Tata Motors into two listed entities — Commercial Vehicles and Passenger Vehicles (including EV […]
Hinduja Group flagship Ashok Leyland has earmarked about Rs 1,000 crore towards capital expenditure for the current financial year, a top official said on Friday. The city-headquartered heavy commercial vehicle manufacturer with a strong financial position of Rs 4,242 crore net cash would focus on investing in products and technologies in the current financial year. […]
Maharashtra ranked first for passenger vehicle sales in India, while Uttar Pradesh led in two-wheeler sales in 2024-25, according to data from the Society of Indian Automobile Manufacturers. In 2024-25, passenger vehicles (PV) sales in Maharashtra stood at 5,06,254 units, accounting for an 11.8 per cent share, followed by Uttar Pradesh with 4,55,530 units (10.6 […]
Small car sales, which have seen a sharp sales decline in the last few years, are likely to gain some traction at the more premium end of the market powered by new launches, Vivek Srivatsa, chief commercial officer at Tata Passenger Electric Mobility (TPEM) told ET, adding that first-time buyers are opting for more feature-rich […]
Two-wheeler maker Honda Motorcycle and Scooter India (HMSI) on Thursday said it will set up a fourth production line at its Vithalapur (Gujarat) plant with a capacity to produce 6.50 lakh units annually at an investment of Rs 920 crore. The additional production line, which will be operational in 2027, will bring the total capacity […]
Domestic automotive component sector is expected to clock 7-9 per cent revenue growth this fiscal, mirroring last fiscal, driven by sustained demand momentum from two-wheelers and passenger vehicles segments especially utility vehicles, which account for nearly half of the overall revenue, ratings agency Crisil said on Wednesday. It also said that while a moderate uptick […]
French auto major Renault group has sought approval from fair trade regulator CCI to buy out its Japanese partner Nissan’s remaining 51 per cent stake in their Indian manufacturing joint venture — Renault Nissan Automotive India Pvt Ltd. Renault Group B V and its nominee Renault SAS have proposed to acquire the entire shareholding of […]
Wheels India has drawn up a capital expenditure plan of Rs 250 crore for the current financial year, with the majority of it set aside for manufacturing windmill components. The city-headquartered company expects its overseas business to be strong during the current financial year, Wheels India Ltd MD Srivats Ram said on Tuesday. Wheels India […]
Maruti Suzuki India Ltd on Tuesday said it has entered into an alliance with Standard Chartered Bank for inventory funding for its dealers. The company has signed a Memorandum of Understanding (MoU) with Standard Chartered for inventory funding which will empower over 4,000 Maruti Suzuki sales outlets across the country, with comprehensive inventory funding options […]
New Delhi: Tractor sales, a barometer of economic activity in India’s rural markets, are expected to touch record levels in this financial year on the back of a favourable southwest monsoon, higher minimum support prices for key crops and increased government spending on development programmes in the country’s villages, company executives said. The industry estimates […]
Mumbai: Electric commercial vehicle startup Euler Motors on Monday announced that it has raised Rs 638 crore in a Series D funding round led by Hero MotoCorp. The round also saw participation from existing investor British International Investment (BII), the UK’s development finance institution, Euler Motors said in a statement. With this round, Euler Motors […]
Lumax Auto Technologies Ltd will acquire the remaining 25 per cent stake in IAC International Automotive India Pvt Ltd from the International Automotive Components Group for Rs 221 crore, according to a regulatory filing by the company. The company has signed an agreement to acquire the remaining 25 per cent stake and IAC Group will […]
The co-owner of the KTM AG motorcycle maker has secured a €566 million ($632 million) one-year loan within days of a deadline to fund an insolvency plan at the troubled Austrian company. The European unit of Bajaj Auto Ltd. agreed to the unsecured loan with JP Morgan Chase & Co., DBS Bank Ltd. and Citigroup […]
Sales of cars, sedans and utility vehicles last month grew by about 4% supported by demand for SUVs which managed to retain traction among more affluent buyers, even as customers at the entry-level stayed away from making purchases dragging down sales of small cars. As per data released by industry body Society of Indian Automobile […]
Nissan is preparing plans to shut two car assembly plants in Japan and considering closing two factories in Mexico, as the automaker restructures, the Yomiuri newspaper reported on Saturday. Nissan said in a statement on its website that recent reports on the potential closure of certain plants were speculative and not based on any official […]
Hyundai Motor India Ltd is stepping up activities, including new product launches, efforts to enhance sales in rural, institutional and pre-owned car segments to regain its number two position in the domestic market, its Chief Operating Officer Tarun Garg said on Friday. The company, a long-time number two player behind leader Maruti Suzuki in the […]
JK Tyre & Industries on Thursday said it has commenced production of passenger car tyres using ISCC Plus certified sustainable raw materials at its Chennai-based manufacturing plant. The company has initiated production of UX Royale Green tyres at the plant. The certification, granted under the globally recognised International Sustainability and Carbon Certification (ISCC plus) framework, […]
Hyundai Motor Co (HMC) dispatched a high-level fact-finding team to India last month. Their task: figure out why the local unit is facing a sustained slide in market share amid escalating competition. Hyundai Motor India Ltd (HMIL) ended FY25 with a 14% market share—its lowest since FY13. Alarmingly for the South Koreans, its long-held No. […]
India Yamaha Motor (IYM) on Thursday announced a 10-Year Total Warranty for all its India-manufactured motorcycles and scooters. The warranty covers up to 1,00,000 km for select scooters and 1,25,000 km for motorcycles. The new program will be available free of cost for a limited period to new customers, ANI reported. Part of Yamaha’s 40-year […]
Royal Enfield has posted its highest-ever quarterly sales, clocking 2,80,801 units in Q4 FY25, a 23.2% growth over the same period last year, parent company Eicher Motors announced on Wednesday. The iconic bike maker crossed the 1 million mark in annual sales for the first time in its history in the year ending FY25, with […]
Kolkata: The storage battery maker Exide Industries is aiming to become a Rs 20000-crore company in the next two to three years, growing from Rs 16588 crore as of end March, managing director Avik Roy said Tuesday in his first ever media interaction. He said that the first phase of the green-field lithium-ion cell manufacturing […]
Mumbai: Stung by an abrupt slowdown in sales in the Indian market since the India-UK free trade agreement, top Jaguar Land Rover (JLR) executives met at Bombay House on Monday to discuss the developments, a day prior to the company’s quarterly results, people familiar with the matter said. Dealers say while luxury car buyers are […]
India’s electric vehicle (EV) revolution is charging ahead, driven by dynamic policies, hefty investments, and a surge in consumer interest. Bloomberg NEF’s EV Outlook 2024 forecasts a leap to 5.9 million EV sales by 2040, with a remarkable 199% growth by 2027. This growth is fueled by a broader range of models and increasing consumer […]
Japanese small car major Suzuki Motor Corporation on Monday said overall passenger vehicle wholesale in the Indian market is expected to grow around 1-2 per cent in 2025-26, with the company’s arm Maruti Suzuki looking to outpace industry growth. The company which has earmarked total capital expenditures of 380 billion yen for 2025-26 said “investments […]
Maruti Suzuki India on Monday said it will offer six airbags as standard equipment across models like WagonR, Alto K10, Celerio, and Eeco. The move underscores the company’s commitment to offering enhanced safety for customers across diverse segments, the country’s largest carmaker said in a statement. “India’s rapidly expanding modern road infrastructure, high-speed expressways, and […]
Honda Cars India on Thursday said its domestic sales declined 23 per cent year-on-year to 3,360 units in April. The automaker dispatched 4,351 units to dealers in April last year. Export declined to 1,511 units last month as compared with 6,516 units in April last year. “In view of the prevailing market conditions and subdued […]
The domestic two-wheeler industry is expected to sustain growth momentum this fiscal, aided by income tax relief, enhanced spending on infrastructure and expectations of a normal monsoon, TVS Motor Company CEO KN Radhakrishnan has said. Overall, two-wheeler registrations rose 8 per cent to 1,88,77,812 units in FY25 compared to 1,75,27,115 units in 2023-24. “Overall growth […]
Fill It, Shut It, Never Forget ItThe story is the same on most weekends. The quiet chill early in the morning is broken by the roar of burning dinosaur juice. Cubic capacities spit fire and turn the wheels for riders in search of peace. India is witnessing a surge in the popularity of high-end bikes. […]
Two-wheeler manufacturers expect sales this year to test the pre-pandemic peak, hoping that lower EMIs because of a cut in interest rates and higher disposable income resulting from income tax reforms will encourage the middle class to spend on motorcycles, scooters and mopeds.Forecast of favourable monsoons that will help rural sales, strong replacement demand and […]
India’s air quality crisis has reached alarming levels, with the post Diwali pollution spike in Delhi and Mumbai recording new lows. The situation is equally grim in smaller towns and cities with places in Meghalaya, Bihar and Rajasthan reporting hazardous levels. It’s increasingly clear that we need lasting solutions and electric vehicles (EVs) emerge as […]
Mercedes-Benz India on Friday said it will hike ex-showroom prices of its models, ranging between Rs 90,000 and Rs 12.2 lakh in two stages this year, in order to partially offset the impact of significant forex fluctuations. Price corrections in June and September will range between Rs 90,000 for a C-Class to Rs 12.2 lakh […]
Overall automobile retail sales in India grew a modest 2.95 per cent in April this year to 22,87,952 units with completion of purchases by customers around Chaitra Navratri, Akshay Tritiya, Bengali New Year, Baisakhi and Vishu helping April end on a positive note, Federation of Automotive Dealers Associations said on Monday. Total automobile sales in […]
Auto components maker Uno Minda on Thursday said its board has approved setting up a new manufacturing plant for two-wheeler alloy wheels in Haryana at an investment of around Rs 200 crore. The company board has given its go-ahead for setting up the manufacturing facility at Bawal in Haryana with an installed production capacity of […]
Mahindra & Mahindra on Monday announced a new platform capacity of 1.2 lakh per annum in Maharashtra’s Chakan, while announcing its Q4 results. The capacity for the XUV3XO and Thar Roxx in F26 has been increased by 3,000 units. M&M said more on the same will be announced on August 15. The company is also […]
New Delhi: Consumers of premium cars and SUVs are likely to benefit from the India-UK FTA with New Delhi set to cut import duties on a specified volume of vehicles.As per a statement issued by the UK government, high-end cars made in the country “will benefit from a drop (in import duties) from over 100% […]
New Delhi: In a sluggish market, homegrown auto major Mahindra & Mahindra (M&M) on Monday beat Street estimates to report a 22% increase in standalone net profit at ₹2,437 crore for the fourth quarter ended March 31, driven by strong demand for its range of SUVs. Revenue from operations in the period under consideration rose […]
Hyundai Motor India has invested USD 6 billion towards scaling up operations in India, as the South Korean multinational automaker completed 29 years of its presence here in the third largest automobile market.Hyundai Motor India Limited (HMIL) celebrated its 29th foundation day on Tuesday, as per a statement from the automaker. Established on May 06, […]
New Delhi: Vehicle registrations in India grew by 3% to 2.29 million units in April as two-wheeler and passenger vehicle segments recorded modest increases while commercial vehicle registrations declined.Registrations or retail sales of two-wheelers and passenger vehicles grew by 2.3% and 1.6% to over 1.68 million units and 349,939 units respectively. Three-wheelers and tractors fared […]
Car market leader Maruti Suzuki India’s share in the domestic passenger vehicle market fell below 40 per cent in April, while Mahindra & Mahindra emerged as the second largest player in the month, according to data released by FADA. Long-time number two player Hyundai Motor India Ltd (HMIL) has been pushed to fourth place with […]
Luxury carmaker Audi India on Friday said it will hike vehicle prices by up to 2 per cent from May 15 in order to partially offset the impact of exchange rate and input cost. The German automaker said the price hike would be across its entire model range in the country. “We are implementing a […]
Hero MotoCorp on Friday said its dispatches to dealers declined 43 per cent to 3,05,406 units in April hit by a three-day production pause at four plants. The company dispatched 5,33,585 units to dealers in April last year. Domestic sales declined to 288,524 units last month, down from 5,13,296 units in April last year. Exports […]
Leading automobile manufacturers have aggressively expanded their sales touchpoints, even as passenger vehicle sales have been under pressure in recent months, sparking concern among their dealers.While manufacturers justify the rapid growth of their dealership networks as part of a broader strategy aligned with a strong growth phase, dealers argue that the network expansion is being […]
As rising tariffs on Chinese imports threaten to disrupt the global automotive supply chain, India is emerging as a promising alternative for global automakers seeking more resilient and cost-effective manufacturing partners.According to a recent report by Nomura, cited by ANI, escalating trade tensions between the United States and China—especially the imposition of higher tariffs on […]
In a notable reshuffle in India’s passenger vehicle market, Mahindra & Mahindra (M&M) and Tata Motors surpassed Hyundai Motor India in domestic dispatches for April 2025, taking the second and third spots respectively- pushing Hyundai to fourth for the first time this calendar year, reported ET Auto on Friday. The shake-up highlights the fierce competition […]
Honda Motorcycle and Scooter India (HMSI) on Friday announced that 4,80,896 were sold in April 2025, which included 4,22,931 domestic units and 57,965 exported units. This is a 11 per cent year-on-year decline from 5,41,946 units sold last April. In April 2025, the company had introduced the updated versions of the Dio 125 with new […]
New Delhi: Homegrown auto major Mahindra & Mahindra (M&M) pipped rivals Hyundai Motor India and Tata Motors to grab the second spot in the passenger vehicle segment last month, powered by demand for its range of SUVs.Industry estimates about 356,000 vehicles were sold in April, which is an increase of nearly 6% over 336,000 units […]
Maruti Suzuki India on Thursday reported a 7 per cent increase in total sales to 1,79,791 units in April. The company sold a total of 1,68,089 units in the same month last year, Maruti Suzuki India (MSI) said in a statement. Its total domestic passenger vehicle sales rose marginally to 1,38,704 units compared to 1,37,952 […]
Mumbai: RPG Group-owned CEAT Ltd has earmarked ₹950-1,000 crore as capital expenditure for this fiscal year, mainly to expand manufacturing capacity across its key product segments including truck and bus radials (TBR), off-highway tyres (OHT), and two-wheeler tyres.Speaking to ET, Arnab Banerjee, managing director at CEAT said the investment will support ongoing projects such as […]
Auto components maker UNO Minda Ltd on Wednesday said a detailed project report to develop and manufacture high voltage electric vehicle power train products through its joint venture with Suzhou lnovance Automotive entailing a cost of Rs 423 crore has been approved by their respective boards. The company’s board has also approved an investment of […]
Mahindra & Mahindra on Monday said the proposed Rs 555 crore acquisition of SML Isuzu is a strong strategic fit for the company that would put it in a strong position. The company also said that with this buyout, it sees lots of opportunities around cost, platform synergy, aggregates and other areas of operations, especially […]
Mumbai: Mahindra & Mahindra (M&M) Monday said the acquisition of SML Isuzu will make it a significant fourth-ranked manufacturer in the more than 3.5-tonne truck and bus segment and boost its share in the 5-12 tonne bus category to 21%.The deal will also accelerate Mahindra Trucks & Buses’ entry into the electric bus segment thanks […]
Mumbai: Mahindra & Mahindra (M&M) on Monday said the acquisition of SML Isuzu will make it a significant fourth-ranked manufacturer in the more than 3.5-tonne truck and bus segment and boost its share in the 5-12 tonne bus category to 21%.The deal will also accelerate Mahindra Trucks & Buses’ entry into the electric bus segment […]
Tata Motors has been a strong force in the Indian EV market, with a substantial 38.10% market share as of March 2025. The company has cumulatively sold over 2 lakh EVs in India as of February 2025, underscoring their significant contribution and presence in the nation’s electric mobility journey. The Tata EV story began in […]
Weeks after selling its stake in Renault Nissan Automotive India (RNAIPL), Nissan Motor India is further trimming operations to manage costs. According to an internal circular seen by ET, Nissan is cutting non-core operations at Renault Nissan Technology & Business Centre India (RNTBCI), which handles back-office services like finance, HR, and IS/IT through its Global […]
Mahindra & Mahindra (M&M) announced on Saturday it will acquire a majority stake of 58.96% in commercial trucks and bus maker Isuzu Limited (SML) at Rs 555 crore.M&M will buy 63.62 lakh shares of SML from Sumitomo Corporation, one of SML’s promoters, at Rs 650 per share, amounting to a total of Rs 413.55 crore. […]
Mahindra & Mahindra has agreed to acquire a 58.96% stake in commercial vehicle maker SML Isuzu Ltd for Rs555 crore, or at Rs650 a share, a massive discount to the company’s last stock price of Rs1,766.70 on the BSE.Mahindra will acquire the entire 43.96% held by SML promoter Sumitomo Corporation and another 15% from Isuzu […]
Harley Davidson price in India: The Indian Harley-Davidson lover’s dream of ‘hogging’ the road astride a big American beast may have just taken a real big stride towards becoming a reality, if reports of oncoming deep duty cuts are to be believed.The government is considering extending duty-free import opportunities for select vehicles from the United […]
Income tax relief on annual earnings of up to Rs 12 lakh is unlikely to revive demand for small cars, which is critical for overall growth of the industry in India, and the government needs to take steps to address the issue, Maruti Suzuki India Chairman R C Bhargava said on Friday. Only 12 per […]
The central government is actively exploring a variety of incentives aimed at boosting the adoption of electric trucks. These incentives could range from direct subsidies and reduced interest rates to toll exemptions and decreased registration fees, particularly on designated “priority routes,” The Times of India reported on April 25.Key highway corridors that have been identified […]
New Delhi: India will soon put in place safety assessment and rating mechanism for trucks and commercial vehicles on the lines of Bharat New Car Assessment Program (BNCAP) which is the country’s own four-wheel star rating system, road transport and highways minister Nitin Gadkari said. “The idea is to encourage manufacturers to improve the production […]
Hyundai Motor India on Monday said SUVs accounted for 68.5 per cent of its overall sales in the last fiscal year, registering a growth of 8 per cent as compared with the 2023-24 fiscal year. The company expects the SUV contribution to cross 70 per cent in one year. For FY25, the automaker reported sales […]
India’s top passenger vehicle (PV) and two-wheeler makers saw their market shares dip to multi-year lows in FY25 amid intensifying competition from some smaller rivals in the country’s 25-million-plus auto market. In the passenger vehicle (PV) segment, market shares of the top two players – Maruti Suzuki and Hyundai – plunged to their lowest levels […]
Maruti Suzuki India and Suzuki Motor Corporation on Wednesday announced the proposal to establish Osamu Suzuki Centre of Excellence (OSCOE) in India as a tribute to the company’s leader Osamu Suzuki. The announcement was made as part of the remembrance event held on Wednesday at Yashobhoomi, Delhi, in the memory of Late Osamu Suzuki, Former […]
French carmaker Renault inaugurated its new Renault Design Centre Chennai (RDCC) near here on Tuesday, marking a major step in the company’s ‘design in India’ vision. The facility is set to play a key role in Renault’s efforts to boost local design and innovation. According to Renault CEO and Managing Director Venkatram Mamillapalle, the company […]
Mahindra Group on Monday announced senior leadership appointments across businesses, with Hemant Sikka, currently President of the Farm Equipment Sector, being appointed as the MD & CEO of Mahindra Logistics (MLL). Veejay Nakra, who is currently President Automotive Division, will be appointed as President Farm Equipment Business (FEB) and R Velusamy, President Automotive Technology and […]
Goodyear Tire and Rubber is planning to hive off and sell its farm tire business in India, a year after it sold its off the road business to Japanese major Yokohama for $905 million, said people aware of the development. On Monday, the Indian listed subsidiary of Goodyear informed the stock exchanges that its US […]
Electric Vehicles (EVs) have firmly established themselves as the pivotal technology in the global shift towards sustainable mobility. As countries worldwide accelerate their transition to zero-emission mobility, EVs are gaining significant traction. Initially adopted by environmentally conscious consumers and technology buffs in the premium segment, the appeal of EVs is now expanding to a much […]
Mumbai: The adjudicating authority on goods and services tax has dropped a major portion of the GST sought from Mahindra & Mahindra for allowing its group companies to use its brand name and logo, but upheld a part of the demand, in an order that could set a legal precedent in similar cases. The quasi-judicial […]
India’s manufacturing base and cost advantages will position the country suitably for potential market leadership in coming years, said NITI Aayog in its latest report. “India’s presence in the global automotive component market is relatively small. However, India’s growing manufacturing base and cost advantages position it suitably for potential market leader in coming years,” said […]
Mumbai: Discounts on luxury passenger vehicles (PVs) have begun to decline after scaling a peak in March, but pressure on sales persists, said industry executives. While attractive offers continue in select and slow-moving segments, the overall intensity of price cuts is easing, reflecting cautious optimism among dealers. Sales continue to face headwinds, though, with larger […]
Skoda hopes its new Kodiaq will strengthen the brand in India as the SUV market grows, says Skoda India Director Petr Janeba Skoda Auto is confident that the launch of the new Kodiaq SUV in India will help further strengthen its brand image, especially as the demand for SUVs continues to rise both in India […]
New Delhi: India cannot hide behind tariff walls if it is to grow, Maruti Suzuki chairman RC Bhargava said, highlighting the necessity of expediting trade pacts in a world reeling under the impact of levies announced by US President Donald Trump earlier this month. “The Vikshit Bharat target cannot be met if we have tariff […]
TVS Motor Company (TVSM) on Thursday unveiled the updated TVS Apache RR310 – its flagship offering in the Super Premium Sports Motorcycle category. The 2025 edition is compliant to the OBD-2B norms. It commemorates the 20th anniversary of the TVS Apache series and the milestone of surpassing 6 million customers worldwide. The all-new TVS Apache […]
Mumbai: Skoda Auto India has halted plans to import fully-built petrol and diesel vehicles, as well as battery electric cars till it gets clarity on customs duties, a senior executive said. The Czech carmaker is also deferring plans to locally manufacture electric vehicles, till the Indian government finalises advanced fuel efficiency guidelines under CAFE 3 […]
Tata Motors on Thursday said it has filed 250 patents and 148 design applications, its highest-ever in a single year, in FY25. The filings encompass a broad spectrum of product and process innovations, aligning with key automotive megatrends such as Connectivity, Electrification, Sustainability, and Safety (CESS), as well as emerging technologies like hydrogen-based vehicles and […]
India’s domestic commercial vehicle (CV) sales are expected to reach nearly one million units in the current financial year, driven by improved infrastructure activity, rising replacement demand, and policy support under the PM-eBus Sewa scheme. The expected volumes would mark a return to the peak levels recorded in fiscal 2019, before the onset of the […]
Nissan on Wednesday announced that it will roll out its next-generation self-driving technology starting in FY27. This new system, called ProPILOT, will feature advanced safety and automation tools that aim to take autonomous driving to the next level. A key part of this new technology is Nissan’s Ground Truth Perception system, which combines next-gen lidar […]
Car sales in the local market grew in low single-digits in the fiscal that ended on 31 March. Compared to last year, on a high base and amid slowing demand in the local market. As per data released by industry body Society of Indian Automobile Manufacturers (SIAM), as many as 4,301,848 cars, sedans and utility […]
Wipro CEO Srini Pallia was seen posing next to the company’s new automotive prototype at its Bengaluru campus on Monday. The vehicle is powered by Wipro’s cloud car ecosystem, showcasing its capabilities in the emerging space of software-defined vehicles (SDVs), The Times of India reported. “By utilising AI-driven solutions, we are setting new standards in […]
European auto major Skoda Auto Volkswagen India on Monday said while it does not support the new reciprocal tariff imposed by the Trump Administration, which have now been paused for 90 days on non-retaliating countries, the move may open up opportunities for the industries in the long term. Earlier, the group, which is battling a […]
Honda Motorcycle & Scooter India (HMSI) is recalling certain units of CB300R motorcycle to rectify an issue with headlight. Aligned with the global market action, the company has announced a voluntary recall for CB300R motorcycle, manufactured between 2018 to 2020, the two-wheeler major said in a statement. The company has identified a concern in the […]
In a significant move that could transform Vithalapur’s industrial future, Honda Cars India Ltd (HCIL) has exited its long-held land parcel near Ahmedabad, clearing the path for the development of a large-scale industrial city. The Japanese carmaker has sold its 380-acre plot to Ahmedabad-based Mascot Group, which has plans to build an industrial park complete […]
Hero MotoCorp maintained its leadership in the two-wheeler retail sales last fiscal with sales of over 54 lakh units amid enhanced competition in the vertical, as per the latest FADA data. Honda Motorcycle & Scooter India took second spot with sales of over 47,89,283 units. Hero MotoCorp sold a total of 54,45,251 units last fiscal […]
Since the pandemic, India’s rich have been on a splurge. An overall consumption slowdown has failed to restrain their spending spree. This has made India an outlier in the global luxury market. But now things could be taking a turn. Luxury cars sales, a good enough proxy for the luxury market since they combine utility, […]
India’s top policy think tank body NITI Aayog has envisions the country’s automotive component production growing to USD 145 billion by 2030, with exports tripling from USD 20 billion to USD 60 billion. “NITI Aayog’s vision for India’s automotive sector by 2030 is ambitious yet achievable. The report envisions the country’s automotive component production growing […]
NITI Aayog has called for fiscal incentives to boost manufacturing of auto components and development of brownfield large-scale auto clusters for enabling India to become part of the global value chain. The move is aimed at tripling India’s auto component exports to $60 billion by 2030 from $20 billion now while increasing the country’s automotive […]
IPO-bound auto components maker Belrise Industries on Friday announced the acquisition of the Indian arm of Japanese firm H-One Co. The move is aimed at expanding Belrise’s design and manufacturing capabilities and strengthen its position as a supplier of chassis systems and body-in-white parts in the Indian automotive market, the company said. Belrise, however, did […]
German luxury carmaker Mercedes-Benz on Thursday reported a 4.44 per cent growth in its sales to 18,928 units in India in 2024-25, with one out of every four cars sold priced above Rs 1.5 crore. However, in January-March this year, Mercedes-Benz India’s sales declined by 11.8 per cent to 4,775 units compared to 5,412 units […]
Luxury carmaker Lexus India on Thursday said its retail sales increased 19 per cent for FY25 as compared to FY24. The company’s retail sales increased 17 per cent in the fourth quarter as compared to the same period last fiscal, the company said in a statement. It, however, did not share exact sales number. The […]
Automotive sector will benefit from the positive impact of the Reserve Bank of India cutting key interest rate by 25 basis points as it will decrease financing costs and create positive sentiments in the market, Society of Indian Automobile Manufacturers said on Wednesday. The Reserve Bank of India (RBI) cut interest rates for a second […]
As many as 900 Kia car engines were allegedly stolen in Sri Sathyasai district over a period of five years, prompting the South Korean automobile company to lodge a police complaint, an official said on Tuesday. Kia operates a car manufacturing plant in Penukonda, Sri Sathyasai district, where police believe the engine thefts began nearly […]
Tata Motors on Tuesday said its unit Jaguar Land Rover (JLR) is evaluating various steps to respond to the tariff announced by the US on April 2, 2025. In a clarification to the bourses, the Mumbai-based auto major said the UK-based automaker is yet to finalise a plan of action to deal with new tariffs. […]
New Delhi: Tata Motors on Tuesday reported a 3 per cent decline in its group global wholesales, including Jaguar Land Rover, at 3,66,177 units in the fourth quarter of 2024-25 as compared to the year-ago period. Global wholesales of Tata Motors passenger vehicles, including electric vehicles, in Q4 FY25 were at 1,46,999 units, lower by […]
As Vikram Mehta, a 42-year-old IT professional, navigates through Mumbai’s chaotic streets in his recently bought SUV, his car anticipates danger before he can even react. “The alerts for reckless lane changes have saved me from collisions at least twice this year,” he says. Mehta is part of a growing trend in India, where consumers […]
Tata Motors-owned Jaguar Land Rover on Monday said its dispatches to dealers stood at 1,11,413 units (excluding the Chery Jaguar Land Rover China JV) in the fourth quarter of FY25, up 1.1 per cent year-on-year. Compared to the preceding year, wholesale volumes for the fourth quarter were higher in North America (14.4 per cent), Europe […]
With cars and transport vehicles becoming more connected and software-driven, automotive cybersecurity is likely to become a standard feature much like airbags or traction control, according to industry experts. While many global players are racing to build cybersecurity solutions for the auto sector, some mobility platforms have begun testing Intrusion Detection and Prevention Systems (IDPS) […]
BMW Group India is unfazed by the prospect of Tesla entering the electric vehicle market here and feels it will help grow the segment, according to its Managing Director and CEO Vikram Pawah. The group, which sold a total of 1,249 units of electric cars in India across two brands — BMW and MINI — […]
German luxury carmaker BMW on Thursday reported a 7 per cent increase in its car sales in India at 3,914 units in the January-March period of 2025, its best ever first quarter sales, riding on its sports activity and electric vehicles. The group, which had sold 3,675 units in the first quarter of 2024, is […]
Rising input costs to meet mandatory safety requirements as well as growing consumer preference for features such as six airbags in all variants are making carmakers increase prices despite sluggish demand, according to industry players. Marker leader Maruti Suzuki India on Wednesday announced that it will increase prices of various models by Rs 2,500-62,000, from […]
The Lincoln Nautilus sports the same constellation grille, rounded box styling, turbine wheels and linear taillights as the other three luxury SUVs in the 108-year-old brand’s lineup. Where it sets itself apart is on the inside, with a cabin that not only includes a panoramic color display that wraps from one end of the dash […]
Automobile industry does not expect any significant impact of the latest tariff war with the sector being exempt from the additional duties beyond the ones that were imposed less than two weeks back, industry body SIAM said on Thursday. It is to be noted that automobiles are not covered in this order since they are […]
The latest tariff measures by the US administration will not have any material impact on India’s passenger vehicle exports due to meagre volumes of such shipments, ICRA said on Thursday. As part of reciprocal tariffs on about 60 countries to counter higher duties on American products imposed globally, US President Donald Trump on Wednesday announced […]
Indian auto component makers having manufacturing facilities in Canada and Mexico will face no significant impact of US President Donald Trump’s latest tariff war as the two countries have been exempted from additional duties. Due to the existing order under the International Emergency Economic Powers Act (IEEPA) related to fentanyl and migration, the White House […]
Maruti Suzuki WagonR became India’s highest selling car for the fourth year in a row after 1,98,451 units were sold in FY25. In a press release, the company said that the WagonR continues to evolve to meet the changing needs of customers. The model comes in variations, offering a choice of two advanced K-Series Dual […]
Indian auto parts makers, already struggling with weak domestic demand, now face the risk of losing sales in their top overseas market as US President Donald Trump’s looming import tariffs ripple through global car manufacturing. Trump had initially taken aim at fully assembled vehicles, with a 25% import duty set to take effect on April […]
Domestic passenger vehicle sales are estimated to have advanced in low single-digits in the just-ended fiscal year largely due to a high base and slowing demand. Sales, however, reached a new peak for the third consecutive year in FY25, lifted by robust demand for sports utility vehicles (SUVs). Carmakers dispatched an estimated 4.34 million vehicles […]
Mahindra & Mahindra Ltd on Tuesday said its total tractor sales, including exports, rose 34 per cent year-on-year to 34,934 units in March. The company had sold 26,024 tractors in March 2024, according to a statement. Domestic sales for March 2025 stood at 32,582 units as against 24,276 tractors sold in the same month of […]
TVS Motor Company on Monday said its Singapore-based arm has divested its stake in Ion Mobility while acquiring identified assets from the latter for USD 1.75 million (nearly Rs 15 crore). TVS Motor (Singapore) Pte Ltd (TVSM Singapore), a wholly-owned subsidiary has divested its stake in Ion Mobility Pte Ltd, a company registered under the […]
Soaring demand for Toyota’s gasoline-electric hybrids has left suppliers struggling to keep pace, leading to shortages of parts and months-long waits for car buyers, according to four people familiar with the situation. Stocks of hybrids are low at Toyota dealers across major markets, including the U.S., Japan, China and Europe, two of the people told […]
New Delhi: Automakers are seeking a relaxation in new fuel efficiency norms under the CAFE III (Corporate Average Fuel Efficiency) standards as they resumed talks with the government after a hiatus of a few months, said people aware of the matter. The new norms are slated to come into effect on April 1, 2027. In […]
French tyre major Michelin expects to roll out locally-produced passenger vehicle tyres from its Chennai facility this year with plans to progressively ramp up the product portfolio to cater to varied segments, according to a senior company executive. The Clermont-Ferrand based group, which has 86 tyre production sites across the globe, is investing Rs 564 […]
Mumbai: Automakers are bracing for a likely challenging start to the new fiscal year, when price hikes they are compelled to make due to higher input cost could further dampen demand that is already weak and increase inventory that are high at dealerships. Auto dealers said it has been some time before they faced a […]
The Centre has asked the auto parts industry for data on exports to the US, specifically on the number of companies involved and volume of products shipped to the nation, to assess the impact of President Donald Trump’s move to levy 25% tariff on imports of cars and components. Industry stakeholders, meanwhile, have requested the […]
Royal Enfield has expanded its 650cc lineup with the launch of the highly anticipated Classic 650 Twin in India. The new model is priced starting at Rs 3.37 lakh (ex-showroom). This debut marks the latest addition to Royal Enfield’s expanding middleweight motorcycle portfolio, which includes the Interceptor 650, Continental GT 650, Super Meteor 650, Shotgun […]
Mumbai|New Delhi: Tata Motors’ Jaguar Land Rover unit and component makers such as Bharat Forge, Samvardhana Motherson, Sona BLW and Ramkrishna Forgings are among those that could be hit by the 25% auto tariffs that Donald Trump has announced. The levies on fully assembled vehicles take effect on April 3 – a day after Trump’s […]
As American electric vehicle (EV) maker Tesla struggles with falling sales and share price and global protests against his brand for his support to US President Donald Trump, its CEO Elon Musk looks at India with hope. Long seen as a potential disruptor for India’s EV, Tesla is finally entering India, opening a showroom in […]
New Delhi: The recent decision by U.S. President Donald Trump to impose a 25 per cent tariff on fully built vehicles (CBUs) and auto parts is expected to have little impact on India’s automobile industry, according to a statement by the Global Trade Research Initiative (GTRI). The body stated that the tariff, set to take […]
New Delhi: Fresh assets worth more than ₹550 crore of an insolvent automotive equipment manufacturing company were provisionally attached on Wednesday under the anti-money-laundering law in an alleged bank loan fraud of ₹27,000 crore, the ED said. The action was taken against Amtek Auto Limited, ARG Limited, ACIL limited, Metalyst Forging Limited, Castex Technologies Limited […]
Maruti Suzuki has received a draft assessment order from the Income Tax Authority for the financial year 2021-22, proposing additions and disallowances totaling Rs 2,966 crore to its reported income. The order, dated March 24, 2025, was disclosed by the company in an exchange filing on Tuesday night. “The company has received a draft assessment […]
New Delhi: India is on track to become the world’s largest automobile market by 2030, union road transport and highways minister Nitin Gadkari said Tuesday, outlining a push towards electric, bio and alternative fuel vehicles. At the HPCL Times Drive Auto Summit & Awards, the minister said India hopes to achieve 60 km of highway […]
BMW Group India on Thursday said it will increase prices by up to 3 per cent across the BMW and MINI car range from next month. This is the second price hike this year by the carmaker. The new prices will be effective from April 1, 2025, onwards, the group said in a statement. It […]
Mahindra & Mahindra is in talks to buy Japan’s Sumitomo Corp’s entire 44% stake in heavy vehicle-maker SML Isuzu, CNBC Awaaz reported on Monday, citing sources. Indian automaker Mahindra is considering offering the Japanese trading firm 1,400 rupees to 1,500 rupees per share, according to the report, which will value SML Isuzu at 20.26 billion […]
Tata AutoComp Systems Ltd on Monday said it will acquire International Automotive Components Group Sweden AB (IAC Sweden), in a bid to strengthen its presence in Europe’s automotive sector. This proposed acquisition reinforces Tata AutoComp’s presence in Sweden and enhances the company’s relationships with key European Original Equipment Manufacturers (OEMs) in both the passenger vehicle […]
Cars are set to get costlier from April, with various automakers like market leaders Maruti Suzuki, Mahindra & Mahindra, and Hyundai, announcing price hikes due to rising input costs and operational expenses. Maruti Suzuki India, which leads the domestic passenger car segment in the country, plans to hike prices of its entire model range by […]
Government has told a court in Mumbai that agreeing to Volkswagen’s demand to quash a $1.4 billion tax bill would have “catastrophic consequences” and encourage companies to withhold information and delay inquiries, court documents show. India’s highest-ever demand for back taxes related to import duties came after scrutiny of 12 years of Volkswagen shipments and […]
Automobili Lamborghini is having a “solid” run in India when the luxury automotive market globally is moving in a slow lane, chief executive Stephan Winklemann said. “Indians are amongst the ones who are the youngest (of our buyers) after China,” Winklemann told ET in a video interview. “There are two reasons. One, the average age […]
Chennai: TVS Motor Company has appointed industry veteran Peyman Kargar as its Head – International business with immediate effect, as the two and three wheeler manufacturer, plans to expand further in advanced economies, a top official said. Prior to the new role, Kargar was serving DATSUN brand as its Chairman and Senior Vice President of […]
Mahindra & Mahindra has announced a price hike of up to 3% across its SUV and commercial vehicle (CV) range, effective from April 2025. The company attributed the price increase to rising input costs and increased commodity prices, which have impacted the automotive sector. The hike will affect the prices of Mahindra’s popular SUV and […]
Toyota Motor Corp. is setting up its first research and development center in India through its local unit, people familiar with the matter said, signaling the market’s growing importance. The new R&D facility will begin operations with a team of about 200 people in Bengaluru, near Toyota Kirloskar Motor Pvt.’s existing factory in Bidadi, one […]
The country’s largest two-wheeler maker Hero MotoCorp Thursday said it will make a strategic investment of Rs 525 crore in electric three-wheeled commercial vehicle maker Euler Motors. The investment, to be made in one or more tranches, will give Hero MotoCorp a 32.5% stake in Euler Motors on a fully diluted basis. Pawan Munjal, Executive […]
The Indian Superbike League (ISBL) has been officially launched, marking a new chapter in Indian motorsports. Sanctioned by the Federation of Motor Sports Clubs of India (FMSCI), the league aims to bring professional motorcycle racing to Indian audiences. The inaugural season is scheduled for the end of the year, subject to operational readiness, with three […]
Tyre maker CEAT Ltd is seeking to strengthen its play in the premium ultra-high performance and luxury four-wheeler segment that is expected to significantly grow in the next three to five years, company MD and CEO Arnab Banerjee said on Wednesday. The company, which launched three new products ZR-rated, CALM Technology and Run-Flat tyres, is […]
Almost half a dozen senior executives at Hero MotoCorp are likely to have resigned amid mounting challenges facing India’s largest two-wheeler maker by volume. A response from the company is awaited. Most of these resignations have taken place in the last two to three days, according to people aware of the matter. The latest departure […]
Hero Motors Ltd on Tuesday said it has entered into a joint venture pact with SchmiedeTechnik Plettenberg, Germany to manufacture forged powertrain components in India for global markets. The joint venture’s manufacturing facility is proposed to be established at Hero Industrial Park in Ludhiana, home to other key automotive and EV manufacturing units such as […]
Mahindra & Mahindra Ltd. has announced the launch of the XUV700 Ebony Limited Edition at Rs 19.64 Lakh (ex-showroom). The Mahindra XUV700 Ebony Edition has a Stealth black exterior accentuated by brushed silver skid plates. It offers black-on-black grille inserts and blacked-out ORVMs along with the R18 black alloy wheels. Inside, it has black leatherette […]
Tata Motors announced on Monday a price increase of up to 2% across its entire commercial vehicle range, effective from 1st April 2025. The decision comes as a response to the rising input costs, which have been affecting the automotive industry globally. The price hike will be model and variant-specific, meaning the exact increase will […]
The country’s largest carmaker Maruti Suzuki Monday said it will raise prices across its range of vehicles next month to offset rising input costs and operational expenses. The price hike is expected to be up to 4%, and will vary depending on the model. “In light of rising input costs and operational expenses, the Company […]
New Delhi: Honda Motor has named Takashi Nakajima the new president and chief executive of its India unit manufacturing cars and utility vehicles. Nakajima will take charge at Honda Cars India Ltd from April 1, replacing Takuya Tsumura, who is moving to Honda’s head office in Japan after completing his India tenure, the company said […]
Mumbai: Czech carmaker Skoda Auto’s India unit is targeting 2026 sales of more than 100,000 vehicles, which will be more than twice its annual sales in recent years. That number may still seem small when compared with the sales volume of Maruti Suzuki, the local market leader that sells one and a half times as […]
Domestic commercial vehicle industry’s wholesale volumes are expected to grow 3-5 per cent year-on-year in FY26, rating firm Icra said on Monday. This follows a flat volume movement estimated in FY25, marred by the demand slowdown in the first half of the fiscal due to the general elections, it said in a statement. “Resumption of […]
The share of diesel powered cars and utility vehicles in the passenger vehicle sales of India and three other major auto markets — Germany, Japan and Canada — rose in 2024 compared with the previous year, shows data from S&P Global Automotive. The diesel segment has expanded despite the increasing pitch for electric and hybrids […]
Domestic passenger vehicle dispatches from factories to company dealers rose 1.9 per cent year-on-year to 3,77,689 units in February amid slowing demand, industry body SIAM said on Thursday. The total passenger vehicle wholesales stood at 3,70,786 units in February 2024. “Passenger vehicles segment remained resilient and posted its highest ever sales of February in 2025 […]
Marking its return in Sri Lanka, Tata Motors on Thursday announced the launch of its all-new range of passenger vehicles, including electric vehicles, in the country. The company in partnership with its sole authorised distributor in Sri Lanka, DIMO, launched a range of SUVs – Punch, Nexon, and the Curvv, along with its popular electric […]
Wholesales of cars, sedans and utility vehicles grew marginally, on a high base, last month and amid tepid customer demand in the local market. Retail sales last month though declined, as per data released by dealers lobby body Federation of Automobile Dealers Associations (FADA) which cautioned automakers of build-up of high inventory across dealerships. In […]
The power of the Commercial Vehicle (CV) industry was on full display at the 16th Apollo CV Awards in 2025. Industry leaders gathered to celebrate remarkable achievements and the advancements in innovation during a challenging business environment in 2024. Ashish Bhatia highlights key moments from the event and reveals why the Mahindra Veero (Diesel) SCV-Pickup […]
Automotive Tyre Manufacturers’ Association on Wednesday said Arun Mammen, Vice Chairman and Managing Director of MRF Ltd has been elected as its new Chairman. Mammen takes over with immediate effect from Arnab Banerjee, MD and CEO of CEAT Ltd, Automotive Tyre Manufacturers’ Association (ATMA) said in a statement. The national industry body for the automotive […]
Automakers globally are increasingly looking at leveraging India as a sourcing hub for components, said Nathan Bowen, global executive vice president and group president at US-based Tenneco, one of the world’s largest auto parts makers. “China has been a critical hub for years, (and is) still important to our business. But customers are increasingly looking […]
India Yamaha Motor, a subsidiary of the Japan-headquartered Yamaha, introduced the 2025 edition of its popular motorcycle, the FZ-S-Fi Hybrid priced at Rs 1.44 lakh (ex-showroom). The company said the new model comes equipped with a host of features. The 2025 FZ-S-Fi Hybrid has been upgraded with integrated front turn signals, a 149cc Blue Core […]
The corporate affairs ministry on Monday said it’s examining a report by its regional director that has probed charges of corporate governance lapse and fund diversion against Hero MotoCorp. “The report is under examination and no final conclusion should be drawn in this matter at this stage,” the ministry said in a statement, refuting reports […]
CARS24 has launched its all-new “New Cars” platform, streamlining the traditionally complex and fragmented journey of purchasing a vehicle. With this launch, the company aims to provide buyers with a unified, transparent, and hassle-free way to buy brand-new cars, directly addressing long-standing pain points in the market. Traditionally, purchasing a new car in India has […]
Automobile retail sales across categories, including passenger vehicles and two-wheelers, witnessed a drop of 7 per cent in February amid declining demand, dealers’ body FADA said on Thursday. Overall retail sales in the domestic market stood at 18,99,196 units last month, registering a dip of 7 per cent compared to 20,46,328 units in the year-ago […]
Vehicle registrations fell across categories in February, over last year as well as sequentially, amid weak consumer sentiments in the local market, dealers lobby group Federation of Automobile Dealers Associations (FADA) said, urging automakers to align supplies with demand in the market to prevent stock pile-ups at dealerships. Total vehicle registrations last month declined by […]
Elon Musk’s electric car maker Tesla, which has been actively exploring opportunities to enter the Indian market, is opening a showroom in Mumbai’s upscale business district Bandra Kurla Complex (BKC) to sell its imported cars. Tesla has plans to set up a manufacturing plant in Maharashtra. The most popular electric car brand in the world […]
Maruti Suzuki India Limited (MSIL) on Saturday announced the signing of a Memorandum of Understanding (MoU) with Hero FinCorp Limited to enhance financing options for both new and pre-owned car buyers. The partnership aims to leverage Maruti Suzuki’s vast dealership network and Hero FinCorp’s customized financial solutions to make car ownership more accessible, the company […]
Skoda Auto Volkswagen India is in talks with JSW Group and Tata Motors to forge a licensing pact for electric car manufacturing, said multiple people aware of the matter. The move comes as discussions with Mahindra & Mahindra for an equal joint venture remain inconclusive due to differences over valuation, vehicle platform sharing, and key […]
New Delhi: Indian auto parts makers are scurrying to devise alternative strategies to continue exports to the lucrative US market, ahead of impending fresh tariffs by the Trump administration. These include shipping parts from countries unaffected by the US government’s reciprocal tariff plan for ensuring product price competitiveness. Senior company executives are reaching out to […]
Nissan directors are due to gather on March 11 to discuss potential successors for CEO Makoto Uchida, whose position is seen as increasingly untenable given the Japanese automaker’s weak performance, three people familiar with the matter said. Candidates being considered include Chief Financial Officer Jeremie Papin and Chief Planning Officer Ivan Espinosa, one of the […]
New Delhi: Long standing number two passenger vehicle maker in India, Hyundai Motor India, has slipped to fourth position in the domestic market in terms of retail sales last month behind Maruti Suzuki India, Mahindra & Mahindra and Tata Motors, as per the latest data shared by dealer’s body FADA. Hyundai Motor India clocked retail […]
Ducati has officially launched the highly-anticipated 2025 Panigale V4 in India at a price of Rs 29.99 lakh on Wednesday. The new Panigale V4 comes with a series of updates, including changes to its design, electronics, and chassis to enhance performance, handling, and overall rider experience. Following its international debut last year, this superbike is […]
Italian superbike maker Ducati plans to introduce its motocross bikes in the Indian market next year as it looks to further strengthen its product range in the country, a top company executive said Wednesday. The company has multiple products lined up, including upgraded versions of the existing nameplates, for the Indian market. In an interaction […]
Mumbai: There’s been a brutal shake-up in the pecking order in India’s two-wheeler market. For the first-time ever, Hero Moto Corp – which has traditionally been the no.1 in the domestic market – has been unseated and pushed to a distant third position by TVS Motor Co, show monthly sales dispatches to dealers by two-wheeler […]
India’s auto component industry is expecting USD 100 billion in exports over the next 7-8 years, according to a report by Boston Consulting Group. The country’s auto component exports reached USD 21.2 billion in FY24, marking a significant turnaround from a USD 2.5 billion deficit in FY19. The report ‘Revving Up Exports: The Next Phase […]
ET Bureau RTF is India’s second-largest producer of automotive fasteners. In one of the largest foreign investment deals in India’s auto parts industry, Fontana Gruppo is buying a majority in (RTF) that will give the Italian company a bigger presence in the Asian market. Both companies confirmed the deal to ET but did not disclose […]
Nissan Motor India on Monday reported a 44.76 per cent on-year rise in total sales at 8,567 units in February 2025, riding on exports. The company, which sold 5,918 units in February 2024, said all the powertrain options of its compact SUV Magnite are now E20-compatible with the Magnite BR10 naturally aspirated engine also becoming […]
Mahindra & Mahindra is working to scale up some of its smaller businesses to match its portfolio of multiple large companies, the top executive at the tractor-to-technology group told ET in an interview. While scaling and growing the businesses is a top priority, operational excellence will be path to growth and not acquisitions. It currently […]
Before the world heard of “sport utility vehicles,” they were called trucks: Jeeps, Land Rovers and Fords, many born as military vehicles, as square-jawed and capable as a drill sergeant. For decades, though, consumers gravitated to so-called crossover SUVs, built on the bones of passenger cars, with soft curves and gentler manners suited to suburban […]
New Delhi: Homegrown Mahindra & Mahindra (M&M), driven by strong demand for its range of SUVs, raced past Korean rival Hyundai Motor in February to grab the second spot in India’s passenger vehicle market behind leader Maurti Suzuki. The Mumbai-based manufacturer of the XUV700 and Thar Roxx SUVs sold 50,420 passenger vehicles, up 19% from […]
New Delhi: Leading passenger vehicle maker Maruti Suzuki on Saturday reported marginal growth while Hyundai and Tata Motors posted a decline in their sales in February as a slowdown in the market continued with demand remaining muted. On the other hand, Mahindra & Mahindra and Toyota Kirloskar Motor posted double-digit growth riding on their SUV […]
Amidst robust growth of electric two-wheelers, India’s first electric scooter maker Hero Electric is up for insolvency resolution under IBC (Insolvency and Bankruptcy Code), with the resolution professional (RP) inviting prospective bidders for the now bankrupt company. The Expression of Interest (EOI) from prospective bidders for the company was floated on February 18 and is […]
The two key credit segments for new borrowers, microfinance and two-wheeler loans, have recently shown the signs of recovery after a bumpy journey, reported TOI. The microfinance sector is stabilising, with improved loan quality and portfolio shifts, while the two-wheeler finance industry is growing, supported by high vehicle sales, rising urbanisation, and deeper market penetration. […]
Ola Electric has eliminated its regional warehouses across India, and will now leverage its 4,000 retail stores nationwide for maintaining vehicle inventory, spare parts, accessories, and last-mile deliveries. The strategic move is expected to boost EBITDA margins by almost 10 percentage points, besides improving inventory management and faster customer deliveries, sources directly familiar with the […]
Passenger vehicle sales volume in India is expected to grow at a moderate pace of 4-7 per cent in FY26 with most demand drivers remaining neutral or favourable, according to ratings agency Icra. As for two-wheelers, Icra said it estimates the industry volumes to grow at a healthy pace of 6-9 per cent in FY26, […]
One of the most significant decisions Venu Srinivasan made early on was to strike out on his own, establishing TVS Motor as a quality-driven global brand.“Being one of the earliest companies outside of Japan to win the Deming Prize in 2002 and be recognised for quality made it easier for high-quality companies to recognise us […]
The Bombay High Court on Wednesday directed the Customs department to explain through an affidavit how its September 2024 show-cause notice raising a tax demand of $1.4 billion from Skoda Auto Volkswagen India was not barred by limitation. A division bench of Justices B P Colabawalla and Firdosh Pooniwalla has been extensively hearing the plea […]
Creditors of Austrian motorbike maker KTM AG approved a restructuring plan that will write off 70% of the company’s debt and resume production with the help of new investments. KTM will need to secure ₹548 million ($575 million) of funding by May 23 to pay creditors, according to the plan that was approved on Tuesday […]
Autotech and financial solution provider CarDekho Group on Tuesday announced its foray into the UAE market. The company has tied up with Raya Holdings to redefine the car-buying journey for UAE consumers. “What started in a Tier-2 city with the aim to empower customers across India, has now transcended borders,” CarDekho Group CEO and Co-Founder […]