Mahindra & Mahindra Ltd., India’s leading SUV maker, has launched the Scorpio-N Carbon Edition to commemorate the sale of 200,000 units of its popular SUV, the Scorpio-N. “Staying true to the legacy of the #BigDaddyOfSUVs, the Scorpio-N Carbon expands the realm of Mahindra’s authentic SUVs with its unmissable design and sophistication,” Mahindra & Mahindra said […]
The Bombay High Court on Monday expressed “prime facie” dissatisfaction with Skoda Auto Volkswagen India’s arguments against a USD 1.4 billion notice from the Customs department. The HC also commended a department officer for his dedicated efforts and thorough research prior to issuing the notice. “Prima facie, we are not satisfied with your (Skoda Auto […]
Mumbai: Ashok Leyland, the flagship company of the Hinduja Group, is shifting gears in its cost optimisation journey-having shed “excess flab” over the past two years-it is now focused on building a leaner, stronger financial structure akin to developing “a six-pack.”The country’s second largest truck and bus manufacturer expects to achieve cost savings exceeding ‘2,000 […]
India’s passenger vehicle (PV) industry is expected to grow steadily over the next three years, according to a report by Nomura.The report forecasted a growth rate of 1.5 per cent in FY25, followed by 5 per cent in FY26 and 6 per cent in FY27. However, the mass segment may continue to face challenges due […]
Mumbai: As growth in established electric vehicle (EV) markets slows, global giants are turning their attention to India, where the sector is still in the early stages of evolution. To capitalise on this opportunity, manufacturers are adopting premium positioning and expanding into assembly of completely knocked down (CKD) vehicles.The competitive landscape is shaping up as […]
ZF Group, global leader in drive line and chassis technology, has inaugurated its first ZF (pro) Tech plus workshop in Delhi aimed at providing support to workshop partners in the automotive industry, a top official said. The ZF (pro) Tech workshop provides extensive on-site support for workshops ensuring manufacturer expertise for all critical parts. The […]
Electric vehicle makers are revving up hiring amid an escalating battle between legacy manufacturers and startups to get ahead in India’s red-hot EV market. Companies such as Tata Motors, Mahindra & Mahindra, TVS Motor and Ultraviolette told ET they are adding talent across key functions. Others expanding their headcount include Ola Electric, Hero MotoCorp, Ather […]
Bajaj Auto Ltd on Friday said its board has approved an investment of up to Euro 150 million (Rs 1,364 crore) in its wholly-owned arm, Bajaj Auto International Holdings BV, Netherlands, to fund the needs of the latter towards investment opportunities. The board of directors at its meeting held on Friday have accorded approval to […]
The auto sector now eyes the upcoming marriage season and revival in government infrastructure projects, for boost in sales, especially for the two-wheelers and entry-level cars, says a report by InCred Research. The report also noted that the demand for automobiles has faced some challenges after the festive season, with discounts being withdrawn at a […]
The Customs Department on Thursday told Bombay High Court that Skoda Auto Volkswagen ‘will have to fall in line’ and ‘not play victim’, amid a tax dispute, which involves a demand of over $1.4 billion. On Monday, the Customs Department told the Bombay High Court that it would not seize any consignments from Skoda Auto […]
Passenger vehicle sales are expected to grow in low single-digits, on a high base, in the coming financial year, largely driven by demand for sport-utility vehicles and new electric vehicle launches. Sales of entry-level cars will however likely remain sluggish during the year.Sales of cars, SUVs and vans may grow by 1-4% in FY26, according […]
New Delhi, Hyundai Motor India is looking to position itself as a manufacturing hub for exports for emerging markets like Africa and neighbouring nations, according to a top company executive. The company, which is looking to diversify its export markets as it continues to face challenges regarding shipments to regions like the Middle East due […]
Two wheeler manufacturer Honda Motorcycle and Scooter India has surpassed two crore sales in southern parts of the country, the company said on Tuesday. The company reached 1 crore sales milestone in 17 years, while the next one crore sales was achieved in seven years, totaling to over 2 crore sales in Andhra Pradesh, Telangana, […]
Two and three wheeler major TVS Motor Company has rolled out its 2025 edition 225 cc motorcycle ‘Ronin’ upgraded with safety features besides adding two new colors priced at Rs 1.35 lakh ex-showroom onwards, a senior company official said on Tuesday. TVS RONIN has redefined motorcycling by blending the timeless appeal of retro aesthetics with […]
Audi India head Balbir Dhillon stated on Monday that India’s luxury car segment is like a developing startup. Dhillon spoke at the launch of the refreshed Audi RS Q8 performance SUV, priced at Rs 2.49 crore. India’s luxury car market, currently making up only 1% of the total car sales, Balbir Dhillon said. While the […]
The Customs Department informed the Bombay High Court on Monday that it will not stop any consignments belonging to Skoda Auto Volkswagen India Pvt Ltd in light of the ongoing tax dispute, which involves a demand of over $ 1.4 billion. Skoda Auto Volkswagen India has filed a case against tax authorities over a show […]
New Delhi: Indian manufacturers are witnessing a rise in quality awareness, with the automotive and chemicals sectors leading the adoption of global certifications and quality protocols, a study by the Confederation of Indian Industry (CII) said.The CII Manufacturing Competitiveness Study, titled, ‘Raising the Standard: Quality Transformation of Indian Manufacturing’ further added that other sectors, including […]
The country’s largest two-wheeler maker Hero MotoCorp expects double-digit revenue growth next fiscal riding on the back of continued investments on new products and segments, according to Chief Financial Officer Vivek Anand. The company, which reported a revenue of Rs 10,260 crore for the December quarter, also anticipates a double-digit revenue growth in the current […]
Mumbai: The self-shifting convenience of automatic is increasingly drawing the attention of Indian car buyers, but the price, often inflated by the premium features these vehicles come bundled with, is making many to settle for manual variant. Most passenger vehicle models currently sold in India are available in automatic variants, with a price gap upwards […]
Will US President Donald Trump’s insistence on ‘reciprocal tariffs’ lead to the American cult bike brand Harley-Davidson’s bigger play in India? The budget presented earlier in the month has already cut custom duties on imported premium bikes to make their entry cheaper.Currently down to selling one India-made X 440, co-developed with Indian partner Hero MotoCorp, […]
Auto components maker Uno Minda on Friday said its board has approved to acquire 49.9 per cent remaining stake in a joint venture firm from partner FRIWO Geratebau GmbH for Rs 195 crore. The company will enhance its share in UnoMinda EV Systems from 50.10 per cent to 100 per cent, the company said in […]
Sales of passenger cars, vans and utility vehicles grew in low single-digits in January, mainly because of a high base and continued tepid demand in the local market. Market leader Maruti Suzuki posted a 4% rise from a year earlier at 173,599 vehicles. However, second-ranked Hyundai Motor India reported a 5% drop at 54,003 units, […]
At one point as he addressed the company’s 5,000-odd employees at home and abroad during a townhall last fortnight, Hero MotoCorp (HMC) executive chairman Pawan Munjal’s tone turned assertive. “I have my eyes on each one of you,” he said. The message, according to multiple people who attended, was clear – underperformance will not be […]
Volvo Group on Thursday announced expansion of its manufacturing facility at Hosakote on the outskirts of Bengaluru with a fresh investment of Rs 1400 crore. The Group signed an MoU with the Industries department in the presence of chief minister Siddaramaiah and Industries Minister MB Patil at the CM’s official residence. Present also on the […]
Carmakers and local authorities in India are embroiled in $6 billion worth of tax disputes spanning years of scrutiny by the income tax, customs and excise departments. Here are some of the biggest of those disputes, based on a Reuters analysis of the companies’ latest financial disclosures. MARUTI SUZUKI Maruti Suzuki, majority-owned by Japan’s Suzuki […]
India’s demand for back taxes running into a record $1.4 billion from Volkswagen, after 12 years of scrutiny, is reigniting concerns that lengthy investigations and litigation could sour the plans of foreign firms in the fastest-growing major economy. Automakers such as Maruti Suzuki, Hyundai, Honda and Toyota face demands for about $6 billion collectively in […]
Driving ahead with caution, the auto retail sector remains optimistic about observing an uptick in the sales for the month of February because of the continuing marriage season, fresh product launches and strategic promotional activities, according to the monthly FADA report. “Riding on the momentum of a promising start to 2025, the Auto Retail sector […]
Maruti Suzuki announced price hikes for its cars last month. The carmaker has revealed the updated prices across models sold through Arena and Nexa outlets. Among other hikes, the brand has increased the price of its popular premium hatchback, Baleno, by up to Rs 9,000 depending on the variant. Suzuki Baleno features The Maruti Suzuki […]
Nissan is set to call off merger talks with rival Honda, a source said on Wednesday, abandoning a USD 60 billion plus tie-up that would have created the world’s no.3 automaker and raising questions about how it will drive a turnaround by itself. Talks have been complicated by growing differences between the two Japanese automakers, […]
Aerospace major Rolls-Royce on Monday said it intends to double its supply chain sourcing from India over the next five years. The company will seek to increase its sourcing of complex parts for advanced aerospace engines, naval propulsion systems, diesel engines and gas turbine engines as part of its plans to grow presence and participation […]
Honda Cars India on Thursday said it has achieved E20 petrol compliance certification for all the models it sells in the country. The company has achieved compliance for the Elevate, City e:HEV, City, and Amaze models. The achievement highlights Honda’s commitment to sustainable mobility and supporting India’s transition to greener and cleaner transportation, the automaker […]
Auto components major Motherson on Friday said it has entered into a joint venture with Japan’s Sanko, a player in material handling sector to provide sustainable packaging solutions in India and Europe. The joint venture (JV) will contribute to greater efficiencies in material handling with cost reduction in overall logistics spending, Motherson said in a […]
Go back to when you were five.In your kindergarten, your teacher would’ve asked you to draw something you like. Many would have likely sketched with crayons or colour pencils, a house, your family—mostly as adorable stick figures with a circle for a face—and then a car. Now crank your memory a little bit more—and zoom […]
NEW DELHI: Kia on Friday said it is contesting an Indian tax demand of $14 million for wrongly using free trade agreements to claim lower tariffs on some electronic car part imports, the latest tax tussle between the South Korean automaker and New Delhi. Tax investigations in India can drag on for years and are […]
Mumbai: Mahindra & Mahindra Ltd Friday reported a 20% year-on-year rise in consolidated quarterly net profit in the December quarter, buoyed by strong operational performances of the farm equipment and automotive sectors and a turnaround of the services business.Net profit climbed to Rs3,181 crore on revenue of Rs41,470 crore, up 17% from a year earlier. […]
US President Donald Trump’s threats of steep tariffs on Mexico and his planned curbs on immigration present a two-pronged threat to Indian auto parts suppliers and their ambitions to expand in their biggest export market. While Trump last week delayed by 30 days his plans to impose 25% tariffs on imports from Mexico, Indian parts […]
Consumer goods sales picked up in the December quarter and vehicle registrations rose in January from a year-ago high base, pointing to positive news on the broader economic front ahead of the RBI’s monetary policy announcement on Friday, with India’s rural areas performing markedly better than its cities. This comes amid income tax relief in […]
Vehicle registrations – a proxy for retail sales – increased by 6.6% to 2.29 million units last month indicating a sustained recovery in consumer demand in the local market.As per data collated by Federation of Automobile Dealers Associations (FADA) from the VAHAN portal of the Ministry of Road, Transport & Highways (MoRTH), vehicle sales grew […]
Mumbai: Indian auto parts makers with presence in Mexico are worried amid erratic decision-making on tariffs by the US government but are continuing with their expansion plans. The prevailing uncertainty may, however, prompt some companies to rethink future investments in Mexico, said analysts.“More than anything else, it seems like a negotiating tool. Mexican manufacturing cannot […]
There was supposed to be a grand comeback. A roadmap. A blueprint. Instead, there’s radio silence. Ford Motor Company, which announced its return to India last September, now appears to be pumping the brakes on those plans. The much-anticipated January announcement detailing Ford’s India strategy never arrived. Now, sources say, the American automaker is re-evaluating […]
Hero MotoCorp on Tuesday said it has received a GST demand of Rs 456 crore from the Rajasthan authorities. The company has received an order from the Additional Commissioner, Central Goods and Services Tax, Alwar, Rajasthan, imposing a penalty of Rs 456.06 crore under Section 74 of the Central Goods and Service Tax Act, 2017, […]
India’s passenger vehicle (PV) industry is expected to witness low single-digit growth in FY25, with forecasts indicating a modest 1.5 per cent year-on-year (y-o-y) growth due to subdued demand, according to Nomura report.The two-wheeler (2W) segment, however, could see some relief as weak domestic demand may be offset by stronger export recovery. Meanwhile, the tractor […]
At a time when German automaker Volkswagen is fighting multiple battles at home and abroad, it has run into a road bump in India. Amid sales and profit challenges, cheaper Chinese competitors, labour troubles and now Trump tariffs threatening its Mexico operations, the company’s local arm, Skoda Auto Volkswagen India, is locked in a dispute […]
New Delhi, Commercial vehicle maker Ashok Leyland on Monday reported 8 per cent year-on-year increase in total sales at 17,213 units in January. The company had reported sales of 15,939 units in January of last fiscal. Sales of medium and heavy commercial vehicles stood at 11,384 units as compared to 10,218 units in the year-ago […]
Reliance Jio, Adani Group, Google, Facebook and Microsoft among others may see a decline in costs for setting up data centres, while home and rural broadband rollouts and expansions are likely to get slightly cheaper after the government’s proposal to halve basic customs duty (BCD) on carrier-grade Ethernet switches to 10% in the budget, telecom […]
India’s latest Budget has paved the way for what some are calling “Harley diplomacy,” making premium motorcycles significantly more affordable by reducing import duties, ToI reported. With Prime Minister Narendra Modi set to visit the U.S., the Union Budget has proposed a major cut in customs duties on fully built motorcycles with engine capacities above […]
Premium motorcycles sold by Harley-Davidson, Triumph and Suzuki among others are set to get cheaper with the government lowering basic customs duties on such automobiles by 5-20%, depending on the engine capacity and whether fully imported or locally assembled. Rationalisation of high import duties on motorcycles by India has been a long-standing demand of new […]
Toyota Kirloskar Motor on Saturday said its sales increased by 19 per cent year-on-year to 29,371 units in January. The company had dispatched 24,609 units in the same month last year. The company sold 26,178 units in the domestic market and exported 3,193 units last month. The continued momentum underscores the company’s sharp focus on […]
Bajaj Auto Ltd on Friday said it has been imposed penalty and interest of over Rs 10 crore by the tax authority in a matter related to differential GST on classification of instruments cluster and will legally challenge it. The Joint Commissioner, Central GST, Pune — II Commissionerate passed an order confirming classification of instruments […]
India Yamaha Motor Pvt Ltd on Friday said it will cut prices of its flagship models — R3 and MT-03 by up to Rs 1.10 lakh from February 1, 2025. The Yamaha R3 will be priced at Rs 3,59,900 and the MT-03 at Rs 3,49,900 (all prices ex-showroom, Delhi), the company said in a statement. […]
At a time when the external environment is extremely cloudy, the Union Budget can look at consumption-boosting measures to push demand and drive domestic growth, Tata Motors Group CFO PB Balaji said on Wednesday. After a good festive season, demand has been weak due to a combination of factors, including tight liquidity and “not so […]
Maruti Suzuki India on Thursday said the locally manufactured Jimny five-door model has made its debut in the Japanese market. The SUV, which is exclusively manufactured at Maruti Suzuki’s Gurugram-based plant, was unveiled in Japan on Thursday. The Jimmy five-door model has become the second SUV after Fronx to be supplied to the home market […]
Rising demand for premium passenger vehicles is leading automakers to sharpen their focus on this segment with fresh offerings especially in the fast-emerging electric vehicle space.Sales of utility vehicles priced at ₹30 lakh to ₹60 lakh grew 12% from a year earlier in the first nine months of FY25 outpacing the broader passenger vehicle market […]
India’s largest carmaker by volume Maruti Suzuki saw a bumpy third quarter as the automaker struggled with higher discounts and weak small car sales, leading to a lower-than-expected profit. For Maruti and its peers, FY25 has been about poor consumer sentiment, which had raised car inventories everywhere. Hyundai India also reported lower third-quarter earnings, while […]
New Delhi: Japan’s Honda Motor Co Ltd on Tuesday said it is within reach of achieving the number one position in the Indian two-wheeler market and will introduce a variety of products, including scooters and EVs, to solidify its position. The company, which parted ways in 2011 with erstwhile partner Hero MotoCorp — the current […]
Steel wheels manufacturer Wheels India expects the domestic demand to improve in the commercial vehicle wheel segment during the current January-March 2025 quarter, a top official said. The city-headquartered company also hopes to grow its exports in the coming year through new product programmes, Managing Director Srivats Ram said on Tuesday. Wheels India declared its […]
New Delhi: The ministry of road transport and highways has proposed to double the rebate on one-time motor vehicle tax for buyers who scrap their BS-II or older emission standard vehicles and purchase new ones. At present, the government offers a discount of 25% in motor vehicle tax on purchase of a new vehicle to […]
Hyundai Motor India on Monday said the share of car sales with connected features has risen to over 25 per cent in 2024 against around 5 per cent in 2019. The company said it has sold over 6.75 lakh cars with connected features in the country since 2019. The company noted that the contribution of […]
Automobile exports from India rose 19 % year-on-year in 2024 led by a robust dispatch of two-wheelers, passenger vehicles and commercial vehicles, according to SIAM data.Overall shipments rose to 50,98,810 units last year, up 19% from 42,85,809 units exported in 2023. “Last year saw revival in demand for the Indian automobiles from emerging markets like […]
Kia India has officially revealed its latest offering for the Indian market—the Kia Syros, a sub-compact SUV positioned between the Sonet and Seltos in the brand’s lineup. This marks Kia’s second sub-compact SUV for India, following the success of the Sonet. Bookings for the Syros are now open, and customers can reserve it online or […]
The country’s largest carmaker Maruti Suzuki Thursday said it will increase prices across its range of vehicles by up to Rs 32,500 with effect from Feb 1, 2025. The company attributed the price rise to rising input and operational costs. “While the company is committed to optimising costs and reducing the impact on the customers, […]
The Indian automobile industry is witnessing a remarkable transformation, with electric vehicles (EVs), flex-fuel models, and CNG-powered vehicles taking center stage in recent launches.A report by Phillip Capital highlights that these alternative fuel vehicles are rapidly reshaping both passenger and two-wheeler segments, signaling a major shift in consumer and industry preferences. The report also stated […]
Italian super luxury automaker Automobili Lamborghini on Friday said its sales increased 10 per cent to 113 units last year as compared with 2023. The company said it was the company’s best-ever sales performance in India. Globally, the carmaker delivered a total of 10,687 cars last year, a 6 per cent growth over 2023, it […]
New Delhi: The Indian used-car market is expected to cross 1 crore sales mark annually by 2030 with offtakes increasing across both urban and smaller towns, according to a report by CARS24. As per the ‘Gear of Growth: The 2024 Indian Used-Car Market Report’, Maharashtra, Uttar Pradesh and Delhi are driving the country’s used-car boom. […]
The components show at the Yashobhoomi Convention Centre in Delhi was full of people and companies jostling for space across five halls spanning 70,000 square metres. The Bharat Mobility Global Expo 2025 from January 17-22, organised by the Ministry of Commerce in collaboration with EEPC India, was the third-largest event of its kind. It featured […]
The TVS Mobility Group, with automotive interests as diverse as spare parts, tyre manufacturing, vehicle dealerships, and supply chain solutions, is looking to expand its product range in the aftermarket segment that comprises 200,000 garages and parts retailers across India, said a top executive.“TVS started with vehicle dealerships and parts distribution. So, when I got […]
New Delhi: Tata Motors is restructuring its commercial vehicle (CV) business with set financial metrics for each of the eight sub-segments ahead of a planned public listing in the next financial year, said a senior company executive.The move tracks the automaker’s efforts to demerge the passenger and commercial vehicle businesses into two separate entities first […]
Royal Enfield has introduced the Scram 440 motorcycle to the Indian market. Announced at Motoverse 2024, the bike is priced at Rs 2.08 lakh (ex-showroom) for the base Trail variant. The lineup also includes the Force variant. Competing against models such as the Triumph Scrambler 440x, the Scram 440 builds on the Scram 411’s legacy […]
Over a decade after Kinetic Engineering quit the two-wheeler segment by selling its stake in Mahindra Two Wheelers to Mahindra & Mahindra, the Pune-based company is plotting a comeback to this competitive segment.The return this time, however, will be in an electric avatar. The company’s electric vehicle (EV) subsidiary-Watts & Volts-formed two years ago, is […]
Global design and technology services provider Tata Elxsi on Tuesday said it has joined hands with blockchain-powered traceability solutions provider Minespider to introduce an advanced battery lifecycle management platform. Designed to address the growing need for sustainability, compliance, and performance optimization in the battery industry, the platform MOBIUS+ aims to revolutionize the way batteries are […]
After a long wait, Maruti Suzuki has entered the EV segment with a product that they feel confident with. The E Vitara SUV, showcased in Auto Expo 2025 in Delhi signifies the priority that the EV segment holds. Available with 49kWh and 61kWh battery packs you can expect the following power outcomes. 49kWh: 144hp & […]
From Maruti’s first electric car, the e-Vitara, to Vietnamese EV maker VinFast’s full lineup, check out all the electric vehicles launched or showcased at the 2025 Auto Expo. Maruti Suzuki e-Vitara: Maruti has introduced the e-Vitara at the 2025 Auto Expo. It will come with two battery options—49 kWh and 61 kWh—offering a claimed range […]
The government is looking at considering research and development (R&D) investments, along with funding towards setting up dedicated assembly lines for electric vehicles in existing factories, for incentivising carmakers in the scheme announced to promote local manufacturing of high-end EVs last year. The decisions were reached at a meeting held with industry stakeholders last week. […]
The entry of more players in the EV segment will help in breaking barriers and accelerate adoption of electric mobility in the Indian market, according to leading automobile manufacturers. More product introductions will help in catering to diverse customer needs with competition leading to expansion of the market, they noted. The announcements by passenger vehicle […]
The Indian mobility industry is charting its unique course and is poised to double and cross USD 600 billion by the end of the decade – by 2030, according to a joint report released by Google and Boston Consulting Group (BCG) at the ongoing six-day Bharat Mobility Auto Expo.The report, titled Think Mobility Report, revealed […]
JSW MG Motor India on Saturday unveiled MG Majestor, India’s first D+ segment SUV on the second day of the Bharat Mobility Global Expo 2025. D segment is a mid-size car, which is larger than compact cars but smaller than full-size cars. Besides, it has also showcased a line of nine global models, including IM5, […]
NEW DELHI: Maruti Suzuki, Hyundai and Skoda Auto are among several automakers unveiling a slew of electric car models targeting the mainstream segment at the New Delhi auto show, signalling a decisive shift to clean mobility in the world’s third largest automobile market.Senior industry executives told ET new launches, especially in the high-volume mid-size SUV […]
Maruti Suzuki, India’s largest carmaker, is steadfast in its belief that small, affordable cars will remain a cornerstone of the Indian auto market, despite the meteoric rise of SUVs. With over half of the market now dominated by SUVs, this segment has outpaced hatchbacks by nearly double. However, Toshihiro Suzuki, Chairman of Suzuki Motor Corporation, […]
India is set to host one of the largest mobility exhibitions in the world—the Bharat Mobility Show—from January 17 to 22. As many as 34 homegrown and global automakers are set to take the covers off a slew of vehicles, many in the electric vehicle segment, at the show in the National Capital Region. New […]
Bain Capital, a global private investment firm, announced a strategic growth investment in Dhoot Transmission Group (Dhoot), a leading manufacturer of automotive components. Financial details are not disclosed. Bain has acquired about 40-45% stake in Dhoot at a $1 billion valuation, said sources. Through an aligned partnership with Founder and CEO, Rahul Dhoot, Bain Capital […]
Hero MotoCorp Ltd, India’s largest two-wheeler maker, is not concerned about slowing demand in the urban market, saying consumption in these centres had grown disproportionately after the pandemic.Speaking to ET, Hero MotoCorp chief executive Niranjan Gupta however urged the Centre to consider reducing Goods and Services Tax (GST) on entry-level or up to 125cc two-wheelers […]
Auto components maker Minda Corporation on Wednesday said it will acquire 49 per cent stake in Flash Electronics for Rs 1,372 crore. The partnership is intended to expand the product offerings of both companies, leveraging their existing portfolios to create a comprehensive range of EV solutions, the company said in a statement. Minda Corporation will […]
New Delhi: Domestic passenger vehicle (PV) sales rose 4.2% to a record 4.27 million vehicles in calendar 2024, buoyed by demand for sport-utility vehicles (SUVs).While sales of utility vehicles – comprising SUVs, vans and multipurpose vehicles (MPVs) – grew nearly 17% to 2.75 million units during the year, passenger cars reported a 14% decline to […]
Jaguar Land Rover and Tata Communications have strengthened their collaboration for connected car technologies, the companies said in a joint statement on Tuesday. As part of the enhanced collaboration, Tata Communications will offer its MOVE platform to enhance JLR’s connected vehicle ecosystem, transforming the driving experience for customers worldwide. The partnership will empower JLR’s next-generation […]
In a showcase of enthusiasm for used cars, a significant 76 per cent of customers in 2024 were first-time buyers, used car platform Spinny observed in its annual report. This year’s sales witnessed a jump of 3 per cent from the previous year’s figure of 73 per cent, the annual report added. On its platform, […]
More than 40 new product launches are expected at the upcoming Auto Expo which will be held under the umbrella of Bharat Mobility Global Expo 2025 from January 17-22, a government official said on Tuesday. With visas continuing to be an issue, large scale participation of Chinese companies are unlikely although some of them are […]
Tyre manufacturing companies are investing Rs 100 crore in the Northeast and parts of West Bengal for skill development of growers and creating infrastructure for increasing the quality and production of natural rubber, their association said. The initiative has been undertaken as part of Project Indian Natural Rubber Operations (INROAD), said Arnab Banerjee, the chairman […]
Luxury carmaker Mercedes-Benz India plans to roll out 8 new models, including battery electric vehicles, this year as it looks to sustain sales momentum having posted record sales in 2024. The company sold 19,565 units last year, registering a growth of 12 per cent as compared to 17,408 units in 2023. Mercedes also saw sales […]
New Delhi, Tata Motors on Thursday reported a 1 per cent rise at 3,41,791 units in group global wholesales, including that of British arm JLR, in the third quarter ended December 2024. Global wholesales of Tata Motors passenger vehicles, including electric vehicles, in Q3 FY25 were 1,39,829 units, higher by 1 per cent compared to […]
Germany’s Mercedes-Benz, fresh off a year of record sales in India, plans to add another 20 dealerships or service outlets in 2025 – mainly in smaller cities where young, well-travelled business owners are indulging in luxury goods. Rapid economic growth in India has wrought a fundamental shift in attitude towards luxury purchases among its younger […]
Chennai: H Lakshmanan (92), former Executive Director of Sundaram-Clayton and a pillar of the TVS group for nearly seven decades, passed away on Friday due to age-related ailments. He is survived by his wife, a son, and two daughters. He started his career at 20 by working closely with TVS Motor founder TS Srinivasan and […]
Pune: The average selling price of Mercedes-Benz India cars rose nearly 7% to Rs95 lakh in 2024 from Rs89 lakh in 2023 backed by demand for its top-end models or those costing at least Rs1.5 crore. Sales of such models including the Maybach S Class, AMG, and GLE advanced 30% last year.One in every four […]
TVS Mobility, the family office of TS Rajam and his successors, has finalised with multiple lenders a debt fundraising of Rs 1,800 crore in a three-tranche loan structure, sources familiar with the deal told ET.The funds will be utilised for capital expenditure and debt repayment across the businesses that are closely held. The new financing […]
The volume of two-wheelers (2Ws) and tractors will grow at a compounded annual growth rate (CAGR) of 13 to 15 per cent, outpacing passenger vehicles (PVs) and trucks between financial year (FY) 2025-27, stated a report by Jefferies an investment banks and financial services company.“We expect 2Ws and tractors to grow at strong 13 per […]
BMW Group India on Tuesday reported its best-ever annual car sales at 15,721 units in 2024, an 11 per cent growth over the previous year. The BMW brand registered 15,012 units, while the MINI brand clocked 709 units in 2024, BMW Group India said in a statement. The group’s motorcycle brand, BMW Motorrad sold 8,301 […]
Having consolidated its position in the domestic market, Mahindra & Mahindra is now looking at ways to expand its presence across international markets, as per a top company executive. The Mumbai-based auto major is looking to scale up its automotive business globally in a phased manner with plans to leverage its existing distribution channels in […]
Global automotive components maker Advik on Tuesday said it has acquired German mechanical and hydraulic braking system manufacturer Powersports MTG for an undisclosed sum. The acquisition will create additional expertise for Advik in premium motorcycle safety components, which will also drive technologies in the large segment of ICE (internal combustion engine) and electric-powered commuter motorcycles […]
New Delhi: Retail automobile sales in India grew 9.1 per cent in 2024 to 2.61 crore units, defying multiple headwinds like extreme weather, elections, and uneven monsoons.Segment-wise, two-wheeler sales grew 10.7 per cent, three-wheelers 10.4 per cent, passenger vehicles 5.1 per cent and tractor 2.5 per cent segments posted growth, while commercial vehicles remained nearly […]
Auto component makers Rane and ZF on Monday said they plan to introduce rack drive electric power steering system technologies in the domestic market. The two companies plan to introduce the new product range through their existing joint venture — ZF Rane Automotive India Pvt Ltd. Additionally, Rane and ZF have entered into a license […]
Mahindra & Mahindra and Tata Motors have claimed around Rs 246 crore as production linked incentive (PLI) for incremental production, heavy industries minister H D Kumaraswamy said Thursday. These claims have been made under a PLI scheme to boost the Automobile and Auto Components Industry that has a Rs 25,938 crore budgetary allocation.This scheme aims […]
Mobility solutions and financial services provider ORIX Corporation India Ltd expects automobile leasing market in India to account for 7-8 per cent of the overall vehicle sales in the next 5-7 years, up from about 2 per cent currently with more younger people joining the workforce, its Managing Director and CEO Vivek Wadhera. With good […]
Force Motors Ltd on Thursday said it has bagged an order for the supply of 2,429 units of ambulances to Medical Health and Family Welfare Department, Uttar Pradesh. In a regulatory filing, the company said the order is for supply of 2,429 units of BS-VI diesel ambulance to the department. The order is to be […]
Mumbai: India’s electric vehicle industry is on the verge of a transformation, with the spotlight shifting to EVs that can go the extra mile—literally. As consumers increasingly demand vehicles capable of covering hundreds of kilometres on a single charge at prices comparable to petrol and diesel-powered models, manufacturers are racing to deliver. Almost 75% of […]
Honda Motorcycle & Scooter India on Saturday reported a 32 per cent growth in total wholesales at 58,01,498 units in 2024 over the previous year. This included domestic sales of 52,92,976 units and 5,08,522 units exports, Honda Motorcycle & Scooter India (HMSI) said in a statement. Last month, total sales stood at 3,08,083 units, which […]
Auto major Hyundai Motor India has transported 1,56,724 units using rail freight in 2024, accounting for 26 per cent of the domestic wholesale volume made last year, the company said on Friday. Through this initiative, the company achieved a reduction of 18,352 tonne of carbon-di-oxide emission in 2024, by efficient utilisation of the rail network. […]
Kia India has started accepting bookings for its new Syros compact SUV today, January 3, 2025. Customers can book online or at dealerships with a Rs 25,000 deposit. The South Korean carmaker has announced that the Syros will be launched on February 1, with deliveries starting mid-February. The Kia Syros showcases a fresh design, drawing […]
Two-wheeler major Hero MotoCorp on Thursday reported a 7.5 per cent rise in total sales at 59,11,065 units on 2024 as compared to 54,99,524 units in 2023. The company posted a 49 per cent growth in global business sales during CY24 and launched eight new models globally, each designed to cater to region-specific customer preferences, […]
New Delhi, Commercial vehicle maker Ashok Leyland on Thursday reported a 5 per cent increase in total sales to 16,957 units in December 2024 compared to 16,154 units a year ago. Domestic sales rose 4 per cent to 15,713 units from 15,153 units in December 2023, Ashok Leyland said in a statement. Sales of medium […]
Suzuki Motorcycle India Pvt Ltd on Wednesday reported a 22 per cent growth in total sales to 96,804 units in December 2024 compared to 79,483 units a year ago. The domestic sales last month stood at 78,834 units, up 14 per cent from 69,025 units in December 2023, Suzuki Motorcycle India Pvt Ltd (SMIPL) said […]
JSW MG Motor India on Wednesday reported a 55 per cent increase in sales at 7,516 units in December 2024, as compared to the year-ago month. The company recorded its highest-ever EV sales in December and NEV (new energy vehicle) sales accounted for over 70 per cent of the total sales with its crossover utility […]
Electric vehicle (EV) prices are dropping due to several market factors, including excess inventory, lower component costs, and Corporate Average Fuel Efficiency (CAFE) regulations. Both electric cars and two-wheelers are seeing price cuts, said a ToI report (by Nandini Sengupta) on December 31. Popular electric cars like the Nexon EV and XUV400 EV are reportedly […]
Hero MotoCorp and Harley-Davidson Motor Company have extended their partnership ‘in order to expand the Harley Davidson X-440 into newer variants as well as to develop a new motorcycle’, as per a stock exchange disclosure by the former.The extended partnership would be applicable to domestic and select international markets though the two companies did not […]
The Maruti Suzuki Dzire, one of India’s most popular sedans, has reached a significant milestone, with cumulative production surpassing 3 million units, the automaker announced Monday. The achievement comes nearly 17 years after the car’s debut in 2008, cementing its place as a key aspect of Maruti Suzuki’s lineup. The Dzire, which reached its first […]
Late Osamu Suzuki’s visionary leadership made cars accessible to millions, forging an enduring bond between Japan and India, Society of Indian Automobile Manufacturers (SIAM) President Shailesh Chandra said on Friday. In a condolence message on behalf of the Indian automobile industry, Chandra, who is also Managing Director of Tata Motors Passenger Vehicles Ltd and Tata […]
Osamu Suzuki, the man who brought affordable mobility to millions of Indians with the now iconic Maruti 800, died earlier this week, aged 94. Toshihiro Suzuki, his eldest son and CEO of Suzuki Motor Corporation (SMC), confirmed he passed away from malignant lymphoma on December 25, 2024. Best known as the man behind Suzuki’s successful […]
India’s premium sedan market is experiencing a strategic shift as manufacturers prioritise value creation over volumes through luxury, technology and performance integration.Toyota, with its recent launch of Camry at a dealership price of ₹48 lakh, is blending luxury with technology. The Japanese auto major, which has charted a different course, is backing its strategy with […]
Mahindra & Mahindra Ltd on Saturday said state tax authorities in Tamil Nadu initiated an inspection of records at one of the places of its business operations in Chennai. Authorisation for inspection/search proceedings under CGST Act 2017 was issued by Additional Commissioner (ST), Intelligence-I (FAC), Chennai-6 on the company, M&M said in a regulatory filing. […]
Osamu Suzuki, the man who took a risk and bet on India when no one else believed in having a viable automobile company in the country, Maruti Suzuki Chairman R C Bhargava said reminiscing on the visionary leader who helped forge a successful partnership with the Indian government resulting in the formation of then Maruti […]
As many as six cars priced over Rs 50 lakh were sold every hour in India this calendar year, up from only two five years back, indicating a sharp rebound in demand at the upper end of the market and an expanding affluent class.Sales are expected to accelerate further with luxury carmakers preparing to roll […]
Asked what makes Nissan Motor Co. a strong business partner, Honda Motor Co. Chief Executive Officer Toshihiro Mibe struggled to find the right words.“That’s a difficult one,” Mibe, having just announced plans to bring the two firms together under a single holding company, mused earlier this week before a packed room of journalists. His remark […]
The lackluster performance of most carmakers this year is expected to weigh down the overall industry growth rate, with estimated sales of 4.2 to 4.5 million units—a modest 3-4% increase over 2023. This marks the slowest growth pace in three years since the pandemic but will still represent the second consecutive year of the Indian […]
Mumbai: The GST Council’s proposed six-percentage point increase in goods and services tax rate on used small cars-those measuring less than four meters in length and powered with up to 1.2-liter diesel and petrol engines-as well as pre-owned small electric vehicles may not significantly impact demand for used cars, according to branded used car firms […]
Honda Motor Co. absorbing Nissan Motor Co. could give the two struggling Japanese brands the scale they need to take on China’s BYD Co., sales figures released Wednesday show.Honda, which earlier this week sketched out plans for a deal that amounts to an acquisition of Nissan, sold 3.43 million cars globally in the first 11 […]
In response to ongoing tensions in Bangladesh and alleged attacks on minorities, auto parts traders in Delhi’s Kashmere Gate have decided to halt business with the neighboring country. The move follows reports of violence against ‘Hindus’ and ‘attacks’ on temples in Bangladesh. Vinay Narang, president of the Automotive Parts Merchants’ Association, stated that the Kashmere […]
A registered person will have to pay GST on sale of old and used vehicle only if the seller has earned a margin, which is the selling price is higher than the depreciation adjusted cost price of the vehicle, sources said. The GST Council in its meeting last week decided to prescribe a single rate […]
Honda Motor Co. and Nissan Motor Co., two of Japan’s leading automakers, have announced plans to merge under a joint holding company, which will position them as the world’s third-largest automaker by sales, following Toyota and Volkswagen. The merger, expected to conclude by August 2026, aims to streamline operations and address growing competition, particularly from […]
Majority of car buyers in India still prefer making their purchase decisions through physical dealerships, with digital platforms increasingly complementing the overall acquisition process, according to a survey. The findings of a global study conducted by Urban Science involving over 9,000 people across the US, Germany, UK, China, India, and Mexico, revealed that most Indian […]
New Delhi: Sales of passenger vehicles are expected to grow by 5% in calendar year 2025 against a high base, indicating healthy consumer demand on the back of a pick-up in government spending, good monsoon rain and strong consumer sentiment in rural markets due to robust crop yields, several senior industry executives ET spoke to […]
Electric cars (EVs) have become the future of sustainable transport, and what’s more exciting? With the booming market for second-hand electric cars in India, you can own a second-hand electric vehicle without burning a hole in your wallet. However, as with any pre-owned purchase, you’ll need to do some homework. Buying a second-hand electric car […]
John Dias, a 42-year-old IT professional in Bengaluru, had been saving for months to buy a new car. His budget was tight and all he wanted was a reliable, fuel-efficient car with basic features like Bluetooth connectivity, rearview cameras and adequate safety ratings. However, at the showroom, Dias was taken through the features of higher […]
Germany’s Gerhardi Kunststofftechnik GmbH weathered Napoleon’s invasion, the Great Depression and two world wars. But Europe’s current auto slump has brought the plastics manufacturer to its knees. Founded in 1796, Gerhardi started out making metal products before riding Germany’s postwar automotive boom. Its mastery of injection molding and hot stamping made it a trusted supplier […]
Zoomcar will launch a chauffeur-driven cab rental product in Bengaluru as it looks to test the waters in a larger part of the transportation market, the self-drive car-sharing platform told Reuters on Friday. The move comes months after the cash-strapped company terminated co-founder Greg Moran as CEO after an over a decade-long tenure at the […]
Utility vehicle maker Isuzu Motors has reached a production milestone by rolling out one lakh vehicles from its manufacturing facility near Chennai, the company said on Friday. A maroon Isuzu D-MAX V-Cross was rolled off the assembly line, marking the occasion at the facility located in Sri City, Tada, about 100 km east of Chennai. […]
Mahindra & Mahindra and Toyota Kirloskar Motor are set to clock record sales for 2024, becoming outliers in a car market where others, including market leader Maruti Suzuki India and second-ranked Hyundai, had a challenging year. M&M and Toyota are likely to post record sales volume and growth in high double teens as the calendar […]
Kia revealed its new compact SUV, Syros, in the Indian market on Thursday. The car is the second sub-compact SUV after Sonet by Kia in India. The model will go on sale in 2025. The price for the new vehicle will be announced in January at the Bharat Mobility Show. The company will start accepting […]
Enso Group’s Enso Oils & Lubricants has become the official distributor for G-Energy, a high-tech engine oil brand, in India. The partnership was announced at a client conference held in Mumbai, coinciding with the launch of G-Energy in the Indian market. The conference brought together representatives from the automotive and industrial sectors, including key officials […]
Hero Motocorp on Wednesday launched the Dakar special edition of Xpulse 200 4V Pro. The special edition of the ADV has been introduced at Rs 1.67 lakh (ex-showroom). The company said that the booking for the Xpulse 200 Dakar Editon starts today. This version will be on sale alongside the existing variants of the adventure […]
The Indian automotive industry is poised to achieve its ambitious target of up to ₹25,000 crore (about $3 billion) reduction in import value in the five years through this fiscal-year end by accelerating localisation of advanced parts such as electric motors, airbags and automatic transmissions, said industry executives. As per the plan, several projects were […]
Maruti Suzuki India on Tuesday said it has crossed 20 lakh production-mark in a calender year for the first time in 2024. The company has also become the first among Suzuki Motor Corporation’s global automobile manufacturing facilities to reach this landmark, the auto major said in a statement. Ertiga was the 2 millionth vehicle to […]
MUMBAI: Roaring SUV sales are driving the share of diesel with nine out of ten diesel-powered vehicles sold in the country this year being SUVs. This has helped boost the share of diesel in the domestic passenger vehicle market for only the second time in 13 years at a time when the auto fuel is […]
NEW DELHI: Indian auto component maker Sona Comstar, supplier to companies such as Ford and Stellantis, is in talks with carmakers in China, Japan and South Korea as it looks to expand beyond its main markets of North America and Europe. In an interview, Group CEO Vivek Vikram Singh said Sona Comstar was in “active […]
Tata Motors will increase prices on its trucks and buses by up to 2% starting January 1, 2025, the automobile giant said on Thursday, citing rising input costs. The price hike will affect all truck and bus models, though the exact amount will vary depending on the specific model and variant. This announcement follows similar […]
New Delhi: Japanese auto major Nissan’s plans to turn around its Indian operations remain intact, and it is looking to increase headcount in the country despite the turbulence it is facing globally, according to a senior company official. The company, which has increased headcount at its Chennai plant by 600 to add a third shift, […]
India has an inherent expertise to increase population and automobile numbers, said Transport Minister Nitin Gadkari at Times Network India Conclave on Friday. While responding to a question about traffic issues in India, the minister stated that starting with Delhi, the wealthy have almost no parking in their homes. “They use roads and footpaths to […]
New Delhi: The Indian auto components industry has experienced robust growth in the first half of FY25, with a notable 11.3 per cent increase in its market size, according to Automotive Component Manufacturers Association (ACMA) report. The industry, which was valued at USD 36.1 billion in H1 FY24, surged to USD 39.6 billion in H1 […]
NEW DELHI: Passenger vehicle wholesales rose 4% year-on-year in November while retail sales fell 14%, reflecting rising dealer stocks. While carmakers say inventory in the sales channel is healthy at about a month, dealers claim it is much higher at 65-68 days. Carmakers report wholesales or factory dispatches to dealerships every month, collated and reported […]
Passenger vehicle dispatches from companies to dealerships rose 4 per cent year on year to 3,47,522 units in November with demand momentum sustaining post festive period in October, industry body SIAM said on Friday. The overall passenger vehicle dispatches stood at 3,33,833 units in November last year. Market leader Maruti Suzuki India dispatched 1,41,312 units […]
JK Tyre & Industries on Thursday said it will receive a long term loan of 30 million euros from Germany’s DEG. The company will invest the funds in a sustainable expansion of production capacities at its Madhya Pradesh-based passenger car radial tyre facility, the tyre maker said in a statement. “The JK Organisation is a […]
The automotive components industry grew 11 per cent year-on-year to Rs 3.32 lakh crore in the first half of the current fiscal, industry body ACMA said on Thursday. The turnover of the automotive component industry in the April-September period of last fiscal stood at Rs 2.98 lakh crore. “With vehicle sales across all segments reaching […]
Car market leader Maruti Suzuki India on Wednesday said it plans to increase its overall service network to 8,000 touchpoints by 2030-31, with an aim to reach closer to its customers. The company, which on Wednesday opened the 500th service touchpoint for its premium retail outlet NEXA, currently has 5,240 touchpoints across NEXA as well […]
Taxation of automobiles must be based on national goals of reducing fossil fuel consumption, decarbonisation and ‘Make in India’, and incentives must not be reserved only for a specific technology, according to Toyota Kirloskar Motor Executive Vice President & Country Head Vikram Gulati. Toyota Kirloskar Motor (TKM), which on Wednesday launched its new version of […]
Mumbai: Mercedes-Benz, BMW and Audi are among luxury carmakers seeking to entice potential buyers with five-year-high price discounts and other incentives in a desperate attempt to exhaust inventory. Luxury cars, which make up only 2% of the broader passenger vehicle market, are expected to close 2024 at 50,000 units, growing 5%, in the slowest pace […]
Tata Motors on Monday said it will hike the price of its passenger vehicle portfolio, including electric vehicles, by up to 3 per cent from January next year. The price hike is being undertaken to partially offset the rise in input costs and inflation, the Mumbai-based auto major said in a statement. “Effective January 2025, […]
Kia India on Monday said it will increase prices of its entire model range by 2 per cent from January. The price hike, effective from January 1, 2025, is primarily due to rising commodity prices and escalating supply chain-related costs, the automaker said in a statement. Kia India Senior Vice President – Sales and Marketing […]
Car sales fell 14% year-on year in November as buyers put off purchases after two years of heightened buying post the pandemic. Dealers said consumer demand for passenger vehicle is weaker than expected post the festive period and in the ongoing marriage season. While car sales had grown by 32% during the festive season in […]
New Delhi: Prices of various car models-ranging from entry-level hatchbacks to high-end luxury offerings-are set to rise as automakers have announced price hikes with effect from January. Carmakers cite an increase in input costs and operational expenses as the main reason to implement price increases from the next month. Industry experts, however, note that the […]
Automakers across segments, from hatchbacks to luxury cars, have announced price hikes starting January, citing rising input costs and operational expenses. While the increases vary, customers planning to purchase a vehicle may face higher price tags in the new year, reported PTI. Industry experts suggest that the timing is strategic, as manufacturers often raise prices […]
New Delhi: India’s electric car market is shifting into high gear, particularly in the affordable segment, with 86% of sales concentrated in the sub-Rs 20 lakh segment. With consumers increasingly choosing battery-powered SUVs over traditional hatchbacks, the electric PV sales are expected to exceed the 100,000 mark this year. While early market leader Tata Motors […]
Eicher Motors on Wednesday said Royal Enfield has commenced operations of a new CKD (Completely Knocked-down) assembly facility in Thailand. Royal Enfield is a part of Eicher Motors. “Our strategic intent is to have an international expansion strategy of investing in markets with huge potential to grow. Thailand assembly plant caters to this vision,” Royal […]
Chennai: TVS Motor Company has unveiled the TVS RT-XD4 engine platform, developed at its research and development center in Hosur, a top official announced on Friday. The TVS RT-XD4 300 will be the first engine to be fully developed on this new platform. “The TVS RT-XD4 is a major milestone, the result of our focus […]
Car prices are going up. Maruti Suzuki will raise prices by up to 4% starting January 2025. Hyundai Motor also announced price hikes from January 1, 2025. Luxury brands like Mercedes-Benz, BMW, and Audi are following suit. Rising input costs and operational expenses are driving these increases. Get ready to pay more for your next […]
Hyundai Motor on Thursday announced that it would increase prices across model range effective from January 1, 2025. The move comes because of an increase in input costs, adverse exchange rate and increase in logistics costs, said the carmaker in an exchange release. Commenting on the development, Tarun Garg, Whole-time Director and Chief Operating Officer, […]
ETAuto Eurogrip Tyres, a leading brand specialising in two-wheeler, three-wheeler, and off-highway tyres, has appointed cricket legend Mahendra Singh Dhoni as its brand ambassador, on Thursday. As part of this collaboration, Dhoni will endorse the Eurogrip brand and its entire product portfolio, the company said. TVS Srichakra Ltd, the manufacturer of Eurogrip, TVS Eurogrip, and […]
Anurag Mehrotra, ex-managing director and president at Ford India, is set to join JSW MG Motor India as its MD, replacing Rajiv Chaba, CEO Emeritus, who is superannuating on 31 March 2025, said people aware of the movement. Mehrotra who till recently was serving as vice president, international business, and strategy at Tata Motors Commercial […]
Consumer sentiment in the local market is weak, discounts are increasing month on month which has generated ‘artificial demand’, Honda Cars India President & CEO Takuya Tsumura told ET. Tsumura said while the industry had expected slow sales at the start of the fiscal year on account of the general elections, even after the results […]
Mahindra & Mahindra on Tuesday said it is in discussions with InterGlobe Aviation, which owns IndiGo airlines, to find an amicable solution regarding a trademark issue over the use of “6e” in its all-new electric model. The automaker, which introduced two electric brands — BE 6e and XEV 9e — earlier this month, said its […]
As the year 2024 comes to a close, several car manufacturers are gearing up to launch new models in December. Honda, Toyota, Kia, and Hyundai are among the prominent brands preparing to introduce vehicles, with some unveiling new entrants to their portfolios. Although December may witness fewer facelifts and launches than earlier months, it will […]
Honda Motorcycle and Scooter India on Monday reported a 3 per cent year-on-year jump in domestic wholesales to 4,32,888 units in November. The company had dispatched 4,20,677 units to its dealers in November last year. Exports increased to 39,861 units last month from 27,172 units in November last year, Honda Motorcycle & Scooter India (HMSI) […]
New Delhi: Luxury carmaker Audi on Monday said it will hike prices of its entire model range by up to 3 per cent from January next year, to offset the impact of rising input and transportation costs. The price hike will be effective from January 1, 2025, the German automaker said in a statement. “This […]
Hyundai Motor India on Sunday said its total sales declined 7 per cent year-on-year to 61,252 units in November. The automaker had dispatched 65,801 units to its dealers in November last year, the automaker said in a statement. Domestic sales declined 2 per cent year on year to 48,246 units last month as against 49,451 […]
Sales of cars in the local market increased by about 4% last month, amid stable demand in the market even after the close of the festive season. Industry estimates about 350,000 cars, sedans and utility vehicles were dispatches from factories to dealerships last month, which is an increase of 4% over 336,000 units sold in […]
Austrian bike maker KTM on Saturday said the judicial restructuring of its holding firm Pierer Mobility AG has no impact on business related to products co-developed with Bajaj Auto for Indian domestic market and select export markets. However, it is impacting business of Pierer Mobility AG/KTM AG that is run out of Austria, including exports […]
In its statement issued on Friday, Hyundai Motor India denied media reports claiming that the company, along with other automobile manufacturers like Mahindra and Kia, could face a penalty of Rs 7,300 crore for breaching fleet emission levels. Hyundai refuted the reports and said that they are based on “extrapolations” that are not grounded in […]
New Delhi: German automotive group Volkswagen on Friday said it is extending full cooperation to authorities in India following a show cause notice over alleged customs duty fraud. The group, which is currently led in India by Skoda Auto Volkswagen India, is understood to have been slapped a show cause by authorities for alleged customs […]
India has issued a notice to German automaker Volkswagen for allegedly evading $1.4 billion in taxes by “wilfully” paying lesser import tax on components for its Audi, VW and Skoda cars, a document shows, in what is one of the biggest such demands. A notice dated Sept. 30 says Volkswagen used to import “almost the […]
Audi India expects to end 2024 with a decline in car sales mainly due to supply chain disruptions exacerbated by global geopolitical uncertainties, a senior company executive said. The Volkswagen Group company expects to score a sales revival next year backed by better availability of models, Balbir Singh Dhillon, head, Audi India told ET. Dhillon […]
German luxury carmaker Audi has launched the new Audi Q7 in India, priced at Rs 88,66,000 for the Premium Plus variant and Rs 97,81,000 for the Technology variant (ex-showroom). The new Audi Q7 houses a 3.0-litre V6 TFSI engine, delivering 340 hp and 500 Nm of torque. Paired with 48V Mild Hybrid technology, it ensures […]
New Delhi: German auto component supplier ZF Group on Wednesday divested a 4.32 per cent stake in its Indian subsidiary ZF Commercial Vehicles Control System (CVCS) India for Rs 1,022 crore, according to exchange data. According to the bulk deal data on the NSE, WABCO Asia Pvt Ltd, promoter and forming part of ZF Group […]
The country’s second largest two-wheeler maker Honda Motorcycle & Scooter India (HMSI), which Wednesday joined the ranks of Hero MotoCorp,Bajaj Auto and TVS Motor Company to foray into the fast-evolving electric vehicle segment with the unveil of two new electric scooters – Activa e and QC1 – said it has developed the vehicles so as […]
Mahindra & Mahindra (M&M) on Tuesday unveiled the highly-anticipated Born Electric range, featuring two electric SUVs—the BE 6e and XEV 9e. Launched on the ‘INGLO’ platform, this new lineup signifies a transformative step in Mahindra’s electric mobility strategy. Deliveries are expected to begin by the end of this financial year. INGLO ArchitectureBoth SUVs leverage the […]
Hyundai Motor India Ltd on Tuesday said it has received a show cause notice with demand of over Rs 5 crore, including interest, from Maharashtra State Tax Authority for alleged excess input tax credit claim. In a regulatory filing, Hyundai Motor India Ltd (HMIL) said on Monday, November 25, it received show cause notice from […]
MUMBAI: Almost a year after JSW Group forged a joint venture with SAIC-owned MG Motor India, JSW MG Motor India’s current management is set to see a major churn in the coming months. An email sent to the company remained unanswered until press time. Several of its senior executives are set to leave the company, […]
PowerCo, founded by German automobile manufacturer Volkswagen, is a battery company overseeing international factory operations. Australian battery materials supplier Novonix said on Monday it had signed a binding offtake agreement with Volkswagen-founded PowerCo for the supply of a minimum of 32,000 metric tons of high-performance synthetic graphite. As part of the agreement, Novonix will supply […]
Honda Motorcycle & Scooter India on Tuesday said it is recalling certain units of GL1800 Gold Wing motorcycle manufactured between March 2018 and May 2021. The voluntary recall is aligned with the global market action, the company said in a statement.A potential issue has been identified in the primary drive gear fastening bolt of certain […]
Tractor sales in the festive months, spanning from September to November, are expected to grow 8-10 per cent this year on the back of good monsoon lifting market sentiments, according to farm and construction equipment firm Escorts Kubota Ltd whole-time director and CFO Bharat Madan. After a soft first half, the tractor industry is expected […]
After a gap of three months, carmakers in the local market reported a small uptick in dispatches, albeit on a high base, as consumers drove home vehicles during the festive period in October, spurting retails and bringing down inventory at dealerships. As per data released by industry body Society of Indian Automobile Manufacturers (SIAM), as […]
New Delhi: The landscape of India’s passenger vehicle (PV) market is undergoing a notable transformation as the dominance of long-standing players declines while new entrants gain ground. According to a research report by Jefferies, the combined market share of the two top automobile manufacturers–Maruti Suzuki and Hyundai–has slipped to a 12-year low in the first […]
Hyundai Motor India Ltd is betting big on CNG fuel option with sales of models equipped with the technology witnessing increasing demand across rural and urban markets in the country, according to a top company official. The company, which currently offers CNG variants in three models – Grand i10 NIOS, AURA, and EXTER – has […]
The chairman of Indian Space Research Organisation (Isro) has offered to help the domestic automobile industry produce vehicle sensors, which are currently imported at high prices. Speaking at the Bengaluru Tech Summit on Wednesday, S Somanath said that if Isro can produce space-graded sensors for its rockets, then the country’s automobile industry can collaborate with […]
Honda Motorcycle & Scooter India on Thursday said it is recalling certain units of CRF1100 Africa Twin to rectify issues with throttle operation. The voluntary recall is aligned with the global market action, the two-wheeler maker said in a statement. The recall affects certain units of this adventure motorcycle manufactured between February 2022 and October […]
The auto industry is riding on the SUV wave, but that has not stopped company from focusing on sedans, despite a flat performance from the category. Maruti, India’s largest carmaker, released a highly upgraded version of Dzire sedan earlier this month, with an aim to gain numbers with the new model. “This is not just […]
New Delhi: Tata Motors is expecting passenger vehicle (PV) retail sales to maintain growth momentum in the ongoing quarter driven by year-end demand, according to a top company executive. As per FADA data, festive demand helped PV retail sales rise 32 per cent year-on-year (YoY) to 4,83,159 units in October. The segment reported a 7 […]
While streaming platforms might have almost killed DVDs, many still remember it and if you have played the DVD on a laptop or television, it is likely made possible by a solution created by Margi Systems, a US company founded by Shrinath and Shrikant Acharya. Margi created the first widely available Personal Computer Memory Card […]
Negotiations between Mahindra & Mahindra and Skoda Auto Volkswagen India on a potential 50:50 joint venture appear to have got stuck with the companies unable to arrive at common ground on key matters, said people aware of the ongoing deliberations. “The two companies that have already signed a series of nonbinding memoranda of understanding (MoUs) […]
Nissan has commenced exports of its latest compact Sports Utility Vehicle (SUV), the ‘Magnite,’ to South Africa, reinforcing India’s position as an export hub for the Japanese automaker, the company said. Less than a month after the launch of the upgraded ‘Magnite’ under its ‘The Arc’ strategy, Nissan has already exported 2,700 units to South […]
In this episode of “ET In Conversation,” we sit down with Sunjay Kapur, Chairman of Sona Comstar, a global leader in mobility technology with operations in India, the USA, Serbia, Mexico, and China. With 10 manufacturing facilities worldwide, Sona Comstar is transforming the mobility sector through its cutting-edge electric vehicle (EV) solutions, accounting for 29% […]
Tyre makers are expected to see a 7-8 per cent topline growth during the current fiscal, driven by a 3-4 per cent increase in realisations and volume, ratings agency Crisil Ratings said on Monday. This would be for the second consecutive year that the estimated revenue growth for the tyre manufacturer will be in single […]
India is a “strategic market” for the Volkswagen Group, and it will continue to build on its product portfolio in the country, with or without a partner to capitalise on the growth opportunities here, Piyush Arora, Managing Director & CEO of Skoda Auto Volkswagen India told ET. Arora’s statements come amid media reports of a […]
India is set to enter a transformative “smartphone era” for cars in 2025, with the introduction of vehicles featuring 5G M2M connectivity and advanced AI technologies, according to the latest findings from Techarc’s India Connected Consumer Report 2025. The report said the automotive sector will skip 4G and will enable connectivity using the latest 5G […]
Mumbai: Leading mass-market carmakers are recalibrating product strategies to make more higher-margin vehicles, seeking to offset the impact of a circumspect 3-4% industry-level growth and rely instead on a customer segment that’s less sensitive to prices — and business cycles. The most telling signal of this shift is that about four-fifths of sales are now […]