Auto

New Delhi: German luxury carmaker Mercedes-Benz on Friday said it will hike prices of its vehicles in India by up to 3 per cent on its entire model range in the portfolio from January 1, 2025, citing a rise in input costs, inflationary pressures and higher operational expenses. Prices of Mercedes-Benz cars in India will […]

Mumbai: Tyre prices in the domestic market that have been rising almost every quarter on the back of a steep increase in natural rubber prices in the international markets are set to rise further as manufacturers have guided for further hikes in the ongoing quarter. According to them an increase of 2-6% taken since the […]

India’s auto sales by dealers to customers grew by about 12% during this year’s festive season compared to the previous year, led by two-wheeler sales on the back of strong rural demand, data from a dealers’ body showed on Friday. The Federation of Automobile Dealers Associations (FADA) said festive period sales from Oct. 3 to […]

Mahindra Group CEO and Managing Director Anish Shah on Thursday pitched for a balance between tariff and non-tariff barriers for a stronger manufacturing sector in the country. “Indian industry needs no protection. We’ve had no protection for the last 20 years and if we had protection, we would not have the quality that we have […]

Tata Motors on Thursday issued a clarification on an ET report that said Tata Sons is understood to be creating a holding company for Tata Motors to house its passenger car and commercial vehicle businesses that are being demerged and registered as two separate entities. The auto major said, the demerger is being done through […]

Mumbai: Tata Sons is understood to be creating a holding company for Tata Motors to house its passenger car and commercial vehicle businesses that are being demerged and registered as two separate entities. The boards of these entities will also be refreshed following the creation of the new structure, executives in the know said. Tata […]

Passenger vehicle wholesales increased marginally year-on-year to 3,93,238 units in October, industry body SIAM said on Wednesday. The overall passenger vehicle dispatches to dealers stood at 3,89,714 units in October, 2023. Total two-wheeler sales rose 14 per cent year-on-year to 21,64,276 units last month, as compared to 18,95,799 units in October 2023, Society of Indian […]

New Delhi:German luxury carmaker Mercedes-Benz is taking learnings on direct-to-consumer retailing of vehicles to its global market from India, where it has been able to clock a revenue of Rs 40,000 crore in three years of starting its ‘Retail of the Future’ model, a senior company official said on Tuesday. Mercedes-Benz India, which on Tuesday […]

The all-new 4th-gen Maruti Suzuki Dzire goes on sale in the country with a full 5-star GNCAP crash test rating and best-in-segment mileage. Read details.

New Delhi: Indian traffic conditions are not at par with developed countries such as Japan, and in addition to equipping vehicles with safety features, a lot more needs to be done here to educate vehicle users to reduce road accidents and fatalities, said Maruti Suzuki managing director Hisashi Takeuchi. India has the highest number of […]

Daimler India Commercial Vehicles (DICV), a wholly owned subsidiary of Daimler Truck AG, said it has appointed Michael Moebius as the president and chief procurement & supply chain officer. He will succeed Muthu Maruthachalam C in the role. Moebius was earlier working as the head of quality management at Daimler Truck Asia in Japan, where […]

Maruti Suzuki India on Friday said it has inked a pact with Hongkong and Shanghai Banking Corporation India for inventory funding. The partnership will empower over 4,000 company sales outlets across the country, with comprehensive inventory funding options for their working capital requirements, the auto major said in a statement. “Our collaboration with HSBC India […]

New Delhi: Japanese tyre major Bridgestone Corporation on Friday announced a $85 million (nearly ₹720 crore) investment to enhance production capacity and capabilities at its two plants in India. Bridgestone India, a subsidiary of Bridgestone Corporation (Bridgestone), will invest approximately $85 million to expand capacity and capability at Bridgestone Pune plant and Indore plant to […]

As Indians’ appetite for luxury products and experiences continues to rise, automobile companies are launching exclusive new retail formats to cater to this demand, reported TOI. This shift comes even as the broader car market remains cautious and sluggish, despite a surge in demand during the festive season.The push for premiumisation is being led by […]

Rural markets have outpaced urban in two-wheeler sales growth for the first time since the pandemic, with executives at Hero MotoCorp, Honda Motorcycle & Scooter India and TVS Motor Co noting signs of a rebound in rural discretionary spending.Registrations of motorcycles, scooters and mopeds in rural markets increased by 8-9% in the first half of […]

Tata Motors trailed market expectations with a 62% drop in standalone net profit in the fiscal second quarter largely due to lower sales of cars, SUVs and commercial vehicles of its namesake brand. Sales at its British luxury car unit Jaguar Land Rover also remained subdued.Profit in the three months ended September 30 fell to […]

TVS Mobility, the family office of TS Rajam and his successors, has tapped banks and credit funds to raise Rs 2,000 crore for capital expenditure by the businesses in its fold and for debt repayments, according to people aware of the matter. The fundraise is said to be anchored by Standard Chartered Bank and will […]

Mumbai: Czech carmaker Skoda Auto plans to lower its cost base in India with the Kylaq, the sub-compact SUV and also grow its stagnating market share. With its re-entry into the sub-compact segment after a 11-year hiatus, Skoda also hopes to change the perception that its cars are expensive to own, the company’s top executives […]

An Indian state said in October that Mercedes-Benz improved wastewater and air pollution management at its only car factory in the country after officials detected environment law lapses in recent inspections, government documents show. Pollution control officials in the western state of Maharashtra signed off on Mercedes’ compliance with environment norms in an Oct. 11 […]

Vehicle registrations-a proxy for retail sales-surged 32% in October from a year earlier, propelled by the key festivals of Navratri and Diwali falling during the month, the Federation of Automobile Dealers Associations (FADA) said on Wednesday. Led by a 36% rise in two-wheeler sales to over 2.06 million units, total automobile retails during the month […]

Maruti Suzuki India is targeting markets like UAE, Saudi Arabia, Chile, Mexico and other Latin American countries with its upcoming new version of compact sedan Dzire to accelerate exports as it eyes over 3 lakh units of overseas shipments this fiscal, a senior company official said on Wednesday. In the domestic market, the company hopes […]

The country’s largest two-wheeler maker Hero MotoCorp Tuesday said it plans to enter Europe and the United Kingdom, starting with its electric vehicle brand Vida from the second half of 2025, as it looks to consolidate its presence in international markets.Hero MotoCorp Chairman Pawan Munjal said, “We will be entering Europe and the UK, led […]

Mumbai: Japanese two-wheeler maker Suzuki Motorcycle on Tuesday said its vehicle sales in India jumped 19 per cent year-on-year at 1,20,055 units in October 2024. The company had sold a total of 1,00,507 vehicles in October last year, Suzuki Motorcycle India Pvt Ltd (SMPIL) said. Domestic sales during the previous month stood at an all-time […]

The country’s largest two-wheeler maker Hero MotoCorp Monday said it achieved record retails for the 32-day festive period, starting Navratri. The company clocked sales of 1.6 million units between Navratri and Bhai Dooj this year, which is an increase of 13% compared to the festive season of 2023. Niranjan Gupta, Chief Executive Officer, Hero MotoCorp, […]

Commercial vehicle maker and Hinduja Group flagship firm Ashok Leyland on Monday said its total vehicle sales declined 9 per cent to 15,310 units in October. It had sold a total of 16,864 vehicles in the year-ago period. Total medium and heavy commercial vehicle (M&HCV) sales, including exports, in the previous month stood at 9,408 […]

Volkswagen’s planned cost-cutting programme was unavoidable in order to remedy “decades of structural problems” at the German carmaker, CEO Oliver Blume said in an interview published on Sunday. “The weak market demand in Europe and significantly lower earnings from China reveal decades of structural problems at VW,” Blume told Sunday paper Bild am Sonntag. The […]

ETAuto The company has sought 2,600 acres of land for the first phase. In the second phase, AM/NS will add a capacity of 10.5 MMTPA with an investment of INR 60,000 crore and has sought an additional 2,000 acres of land. AM/NS India, a joint venture between ArcelorMittal and Japan’s Nippon Steel, is set to […]

Trucks are the automobile versions of long-distance runners. They carry a lone driver, tonnes of goods, solitude, a few songs and, sometimes, a colourful slogan near the tail lamp, “Has mat pagli pyar ho jayega (Don’t smile girl, I will fall in love with you).” But people seldom fell in love with a plain ol’ […]

Auto majors Maruti Suzuki India and Hyundai reported muted sales performance in October as the companies curtailed dispatches to dealers in order to cut inventory build up. The country’s largest carmaker Maruti Suzuki India (MSI) said its total domestic passenger vehicle wholesales were at 1,59,591 units last month compared with 1,68,047 units in the year-ago […]

The festive season brought much relief to automakers who had been struggling with high inventory, with consumers lapping up cars and SUVs across categories. While sales of entry-level cars are yet to show signs of a turnaround, customers drove home premium vehicles — from hatchbacks like the Maruti Suzuki Baleno to SUVs such as the […]

Eicher Motors Ltd on Friday said its arm VE Commercial Vehicles Ltd posted a 5 per cent decline in total sales to 7,112 units in October 2024. VE Commercial Vehicles (VECV), a joint venture of the Volvo Group and Eicher Motors, had sold 7,486 units in October 2023, Eicher Motors said in a regulatory filing. […]

Motorcycle sales in the ongoing festive season so far are below expectations as demand is muted and the industry will be lucky if it sees 3-5 per cent growth compared to last year, Bajaj Auto Executive Director Rakesh Sharma said on Wednesday. While there are still about 15 more days to go for the festive […]

The manufacturing facility of automaker Renault Nissan Automotive India Pvt Ltd in Tamil Nadu has reached a milestone of producing over 45 lakh powertrain units since commencing operation in 2010, the company said. The 600 acre facility at Oragadam near here, caters to domestic and overseas market requirements for Renault and Nissan. Since the start […]

Inventory levels for small cars at Maruti Suzuki could be as much as 40-45 days by the end of the month, while other segments are expected to maintain a comfortable 30-day stock, auto company’s Head of Marketing and Sales Partho Banerjee said during a post earnings call. Most dealers have an average inventory of 60 […]

While the slowdown in cars sales in the first half of this fiscal is not a cause of concern, the continued decline in demand for vehicles priced below Rs 10 lakh is worrisome, Maruti Suzuki Chairman R C Bhargava said, adding, unless the lower end of the market grows there will be less feeders to […]

New Delhi: Led by robust demand in the festive period, Maruti Suzuki India and Tata Motors are looking to have record retail sales in October. The companies are also eyeing bumper deliveries to customers on Dhanteras. The country’s largest carmaker, Maruti Suzuki, said it has delivered about 30,000 units to customers on Tuesday. “We are […]

Hyundai Motor India (HMIL), which listed on the bourses Tuesday with the country’s largest initial public offering, said it will continue to invest in the Indian market to expand capacity, deepen localisation and bring in new technologies that would include the launch of multiple electric vehicles to create value for shareholders. Speaking at the listing […]

Mumbai: Makers of car sensors, sunroofs, alloy wheels, ADAS (advanced driver assistance systems) instrument clusters and other such parts and systems are experiencing surging demand due to the premiumisation wave sweeping India’s growing automobile industry. These companies have become a major beneficiary of the growing demand for cars and SUVs with high-end features related to […]

Consumers are exploring both luxury and sustainable alternatives, setting the stage for a new era in the Indian automotive sector, according to a survey by Grant Thornton Bharat. As per the survey — ‘Shifting Gears: Understanding Passenger Vehicle Market Trends’, 85 per cent of the respondents were considering premium models and there is an increasing […]

Jaguar Land Rover on Wednesday said it has launched an initiative in India to work closely with startups for developing the next generation of products and services that will help define the company’s future client experiences. The Tata Motors-owned marquee brand has launched the Open Innovation Hub in Bengaluru, building on the success of the […]

Mumbai: The passenger vehicle market is witnessing a paradox this festive season: some models command waiting periods of up to 96 weeks with no discounts while others are offering cash discounts as high as ₹4.5 lakh to manage inventory pileups. This highlights a growing segmentation between premium and volume players in one of the world’s […]

Connected cars are increasingly gaining popularity among new-age buyers, who are demanding continuous connectivity while travelling and enhanced safety features in their wheels of choice. The share of connected cars in passenger vehicles sold in the Indian market doubled to 28.73% in the first nine months of 2024 from 14.47% in 2021, show data available […]

Despite the slump in the Indian automotive industry, Neil Barua, newly appointed CEO of PTC, a Nasdaq-listed global software company that, among others, provides product development software to global automakers like Volkswagen, BMW, and Toyota, said India is the right place to be now. Since taking over as the CEO and global head in February, […]

Japanese auto major Honda Cars India Ltd (HCIL) Friday said that it has expanded its previously announced campaign to voluntarily replace faulty fuel pumps in 90,468 old units of its select models in India. Additionally, the campaign will cover 2,204 units of old models which have undergone this part change earlier as spare part, the […]

Mahindra & Mahindra on Wednesday inaugurated two testing facilities, including the one to test the safety of its SUVs, at Kanchipuram in Tamil Nadu. The company formally opened a passive safety lab and a battery and cell research laboratory for its engineers to test the safety of SUV products at various load cases and perform […]

Reuters The global opportunity for the EV battery chain is estimated to reach USD 300 billion by 2030. Gujarat Fluorochemicals on Wednesday said its electric vehicle products subsidiary, GFCL EV Products, has raised INR 1,000 crore at an equity valuation of INR 25,000 crore. It said the promoters of InoxGFL Group, of which Gujarat Fluorochemicals […]

Reuters Ford announced that it has submitted a Letter of Intent to the Government of Tamil Nadu. American auto major Ford may opt for a combination of electric vehicles, hybrids and internal combustion engine components as its manufacturing strategy for the Maraimalainagar plant. According to sources with knowledge of the matter, Ford is working on […]

Maruti Suzuki India (MSI) on Wednesday said a Haryana GST appeals authority has upheld a tax demand of Rs 139.3 crore against the company. “The Commissioner (Appeals) has passed an order for period July 2017 to August 2022 upholding the demand of Rs 1,393 million, in matter of tax liability under reverse charge basis on […]

Hyundai Motor India on Tuesday said its planned capacity expansion at the Talegaon manufacturing facility in Pune at an investment of Rs 6,000 crore will give it more headroom for growth in domestic and international markets. The company also said that it always looks for a balance between growth, profitability and market share. During a […]

Mumbai: Bajaj Auto’s net profit went up 9% in the September quarter over the year-ago period, driven by a robust operational performance across two- and three-wheelers in the exports and domestic markets and a higher contribution of pricier models in the overall product mix. The earnings were almost in line with Street estimates. Overall volumes […]

In an ET exclusive interview with KumKum Dasgupta, Mercedes-Benz board member Renata Jungo Brüngger lays out the luxury and commercial carmaker’s elaborate plans for a sustainable business – they go beyond climate protection. India is a growing market for Mercedes-Benz. Recently, it sold 5,117 vehicles in Q3 2024, marking a robust 21% growth. The company’s […]

The US opened a federal investigation into whether Tesla’s partial-automation system marketed as Full Self-Driving is defective after a series of crashes, one of which resulted in a fatality. The National Highway Traffic Safety Administration said Friday it will assess whether Tesla’s system, also known as FSD, has the ability to detect and appropriately respond […]

Homegrown tyre major CEAT Ltd expects easing of pressure from high raw material costs in the second half of the ongoing fiscal after being impacted by 15-year high domestic natural rubber prices, according to its Managing Director and CEO Arnab Banerjee. The company expects its aftermarket business to continue to grow in double digits and […]

TNN Ceat is also expanding its PCR (passenger car radial) capacity in its Chennai plant. Tyre major Ceat has embarked on a significant capacity expansion project for its Chennai plant. Said Arnab Banerjee, MD & CEO, Ceat Tyres: “We have completed Phase I of our TBR (truck & bus radial) production expansion in Chennai last […]

TNN The company has a product range of 250 tyres, of which about 12 are for the EV segment. Tyre major TVS Srichakra, which manufactures two and three-wheeler tyres under the brand Eurogrip, is developing next generation fuel efficient tyres for EVs mainly for the Indian market. “Our endeavour is to reduce tyre rolling resistance […]

New Delhi | Mumbai: Sales of motorcycles and scooters rose in double digits during the NavratriDussehra period, with a strong pickup in demand for entry-level models indicating an improvement in sentiment in a crucial market for two-wheelers—rural India. Executives at two-wheeler companies and dealers predict the momentum to continue in the coming weeks, making this […]

Maruti Suzuki India Limited has reached a significant milestone, with the Manesar facility crossing the 1 crore cumulative production mark. According to Maruti Suzuki, the vehicle to roll out from the plant was the popular compact SUV, Brezza, underscoring the automaker’s growing presence in the SUV segment. The Manesar plant achieved this feat in just […]

Ferrari has unveiled its first new supercar in more than a decade, a ₹3.6 million ($3.9 million) car that’s a futuristic twist on a famous 1980s design. The new F80 – with a 1,200-horsepower V6 hybrid engine – is one of the Italian luxury manufacturer’s most expensive models ever, and only 799 of them will […]

Chennai, Hyundai Motor India, the subsidiary of Korean auto major Hyundai, has submitted the pre-feasibility report to take up revamping and modernisation of its facility in Tamil Nadu at an outlay of Rs 1,500 crore. The expansion at the existing facility at Irungattukottai near here would create an additional 155 new jobs and the plant […]

New Delhi: Only three out of 15-odd passenger vehicle makers in India recorded sales growth in the first half of this fiscal year, underscoring continued weak consumer sentiment and sluggish demand in the world’s third-largest automobile market. Mahindra & Mahindra (M&M), Toyota Kirloskar Motor and Kia India reported higher sales, while others including the top […]

Zoomcar has made some strides in its debt restructuring efforts as the self-drive car-sharing marketplace aims to reduce the company’s debt obligations of approximately $31 million out of its total outstanding liabilities as of June 30, 2024. Zoomcar has negotiated with lenders and vendors, managing to address roughly 75% of its immediate debt. This restructuring […]

Road transport and highways minister Nitin Gadkari, on Tuesday, chaired a review meeting with representatives of the Society of Indian Automobile Manufacturers (Siam) to discuss the readiness of the automobile industry for ethanol and flex fuels. Discussions were held on readiness of the industry to launch flex engine vehicles that can run on ethanol in […]

New Delhi” Union Minister Nitin Gadkari on Tuesday asked representatives of the Society of Indian Automobile Manufacturers (SIAM) to look into ways of making ethanol and flex fuels more acceptable to the public. The Ministry of Road Transport and Highways (MoRTH), in a post on X said, Gadkari chaired a review meeting with representatives of […]

Car sales in the first half of the fiscal year has been slower than expected, but with the onset of the festive season demand is expected to gain momentum helping bringing down stocks in the network, Society of Indian Automobile Manufacturers (SIAM) Shailesh Chandra said. As per data available with the industry body, sales of […]

The central government on Monday issued notices to major automakers, demanding payment of past Goods and Services Tax (GST) dues worth Rs 10,000 crore, for non-payment of compensation cess on sold vehicles, says ET Now citing sources. The automakers have requested the government to review the notices. (More to come)

Long-wheelbase or stretch luxury sedans of Mercedes-Benz, BMW and Audi among others are gaining traction among senior company executives and high net worth individuals, pushing automakers to increasingly roll out such vehicles. This reflects a rare bright spot in the Indian auto market where surging SUV sales have been eclipsing sedans for the past few […]

Mumbai: An increasing number of mainstream car buyers in the country are opting for automatic transmission (AT) vehicles despite their higher price tags, lured by smoother driving experiences and improved fuel efficiency. Once considered a luxury, ATs now represent approximately 26% of mass-market vehicle sales in the country, a significant increase from 16% in 2020, […]

Indian Railway Finance Corporation Share Price 152.4 03:59 PM | 11 Oct 2024 0.97(0.65%) Suzlon Energy Share Price 74.39 03:59 PM | 11 Oct 2024 -1.05(-1.4%) Indian Renewable Energy Development Agency Share Price 228.61 03:59 PM | 11 Oct 2024 -5.08(-2.18%) Tata Motors Share Price 930.7 03:59 PM | 11 Oct 2024 2.21(0.24%) YES Bank […]

Hyundai Motor India has planned an investment of Rs 32,000 crore in the country over the next 10 years, between 2023 to 2032, said Unsoo Kim of Hyundai Motor India during the HMIL IPO-related press conference on Wednesday at Mumbai. The company added that Hyundai India is investing Rs 6,000 crore in its Pune unit. […]

In a special ET video, we explore the captivating experience of driving the all-new Tata Curvv, comparing its petrol and diesel variants. We’ll delve into the performance, efficiency, and unique features of each version, showcasing what makes the Curvv stand out in its segment. Show more Show less

The upcoming Rs 27,870 crore initial public offering of the Indian arm of South Korean automaker Hyundai, the first such instance of the company listing its subsidiary in an overseas market, is aimed to further Indianise operations, a senior company official said on Friday. Hyundai Motor India Ltd’s initial public offering (IPO), the largest in […]

Behind Tata Motor’s big-bang buyout and the eventual turnaround of the iconic but troubled Jaguar Land Rover (JLR) brand, there was an old tale of abject humiliation meted out to Ratan Tata and his passenger car business team by some officials at American giant Ford Motors, who formerly owned the brand. In 1999, Tata Motors […]

One of Ratan Tata’s most ambitious projects was undoubtedly the Nano which was perhaps one that was closest to his heart. The car, which was conceptualised by Tata in the early 2000s, was aimed at providing middle-class Indians with a safe, and affordable four-wheeler. “What really motivated me, and sparked a desire to produce such […]

India is looking at extending additional sops for scrapping old vehicles amid a lacklustre response from owners to the current set of incentives, according to officials aware of the move. The government has initiated a comprehensive inter-ministerial review of the registered vehicle scrapping facility (RVSF) policy to examine the issues and identify additional incentives. The […]

As Hyundai Motor India gears up for its next phase of growth with an upcoming initial public offering (IPO), the company is setting the stage for a major shift in its portfolio with the planned launch of the Creta EV in the fourth quarter of this financial year. Tarun Garg, COO of Hyundai Motor India, […]

Around 1.1 million medium and heavy commercial vehicles (M&HCVs), older than 15 years as of March 31 this year, offer a significant potential for scrappage, ratings agency ICRA said on Tuesday. While the actual scrappage could possibly be lower given the nature of usage of such vehicles, even if a proportion of these vehicles gets […]

Tata Motors-owned Jaguar Land Rover on Monday reported a 3 per cent decline in retail sales at 1,03,108 units in the second quarter of the current fiscal as compared to the year-ago period. Retail sales for the first six months of the financial year were at 2,14,288 units, up 3 per cent year-on-year, Tata Motors […]

Weak consumer sentiments and above-normal rainfall dampened retail sales of passenger vehicles, two-wheelers and commercial vehicles in September, pulling the overall sales to customers down 9.26% year on year to 1,723,330 units, Federation of Automobile Dealership Associations (Fada) said on Monday. While the passenger vehicle retails have been on a decline for some months now, […]

Toyota Kirloskar Motor (TKM) was on Monday allotted 827-acre land for a new manufacturing plant in Maharashtra’s Chhatrapati Sambhajinagar, an official said. TKM on July 31 signed an agreement with the state government to set up a greenfield manufacturing facility for electric and hybrid cars. “A greenfield smart industrial city was set up in the […]

Mahindra & Mahindra (M&M) has started developing strong hybrid technology and will be ready to launch its first petrol-hybrid model in 2026, seeking to claim a stake in the small but fast expanding segment, which is currently dominated by Toyota Kirloskar Motor and Maruti Suzuki. Demand for hybrid cars has been growing, owing to superior […]

Nissan on Friday launched the Magnite facelift for the sub-4-metre-compact SUV for Rs 5.99 lakh for the first 10,000 bookings. While the registrations had started last week, the deliveries of the new models will commence on Saturday. The facelift has a redesigned front grille and new headlight designs. The rear section will include new LED […]

Classic Legends Pvt Limited, which relaunched iconic brands like Jawa and Yezdi in the country almost four years back, is aiming at higher sales in the premium motorcycles segment, an official of the company said on Friday. Starting operations in the country in 2019, the company first relaunched Jawa bikes, a Czech brand, followed by […]

A growing enthusiasm for car sunroofs is pushing the world’s leading makers of the feature to join local partners in ramping up investments to tap this burgeoning market. Netherlands-based Inalfa Roof Systems along with its partner Gabriel India is looking to double capacity for manufacturing sunroofs in the next one year. The duo, which opened […]

Mumbai: Levying a ‘green GST (goods and services tax)’ on cars-where the tax rate goes up or down based on the vehicle’s emission levels-will be the ideal path towards achieving carbon neutrality, said Vikram Pawah, president of BMW Group India. The gradient will incline consumers towards buying greener cars, he told ET. “Ideally there should […]

German luxury carmaker BMW Group on Friday said its BMW and MINI brands recorded a 10 per cent year-on-year increase in sales, at 10,556 units in India during the January-September period of 2024. The number of cars (BMW and MINI) sold in the nine months of 2023 was 9,580 units. Besides, the group also sold […]

Kia India plans to launch a mass market EV and another sub-four metre compact SUV in 2025 as part of a plan to step up its presence in the domestic market and reach a volume of 430,000 units by 2030 from 255,000 units it did in 2023, Gwanggu Lee, MD, Kia India, told ET. “The […]

Mahindra & Mahindra, a prominent name in India’s SUV market, announced that its newly launched Thar ROXX received 1.76 lakh bookings within the first hour of availability. The booking period started at 11:00 AM, marking the highest first-day booking figures for any Mahindra product. Deliveries for the Thar ROXX will begin on Dussehra day, with […]

Are you planning to buy a car this festive season? Over the past couple of months, car sales have been on a downward trend. But automakers are banking on some hefty discounts and enticing promotional offers tied to the festive season to finally shift those sales into high gear. The Indian automobile market, once driven […]

Motorcycle maker Royal Enfield on Wednesday said its total wholesales increased 11 per cent year-on-year to 86,978 units in September. The company had dispatched 78,580 units in September 2023. In the domestic market, dispatches increased 7 per cent year on year to 79,326 units from 74,261 units in the year-ago period, Royal Enfield said in […]

Tata Motors is set to advance the annual maintenance shutdown of its passenger vehicle plants due to mounting stockpiles-equivalent to up to two months of sales-amid slowing sales across its petrol, CNG and electric cars, multiple people aware of the company’s plans said. This is to align production with demand and correct the stock before […]

Mumbai: Commercial vehicle maker Ashok Leyland on Tuesday reported a 10 per cent year-on-year drop in its sales including exports at 17,233 units in September. The company’s total vehicle sales in September 2023 stood at 19,202 units, according to a statement. Sales of medium and heavy commercial vehicles (M&HCVs), including exports, during the previous month […]

Chennai-based Tractors and Farm Equipment Ltd (TAFE) is locked in a legal battle with US agricultural machinery manufacturer AGCO Corporation regarding the use of tractor brand Massey Ferguson in India. On Monday, NYSE-listed AGCO ‘terminated’ several agreements with TAFE, including the licence agreement of the Massey Ferguson brand in the Indian subcontinent despite a stay […]

The electric vehicles (EVs) in India are set to consume a significant share of the country’s electricity by 2035, highlighted a report by IKIGAI Asset Manager Holdings, an investment management firm. According to the report, EVs are expected to account for 6 to 8.7 per cent of India’s total electricity consumption by 2035, reflecting the […]

India has a large and growing electric two-wheeler (E2W) market but it exports less than 2% of its E2Ws. Recently, Union Transport Minister Nitin Gadkari remarked that India, the second largest EV market in the world, has potential of becoming the top exporter of E2Ws, thanks to the country’s presence in foreign markets where it […]

Automakers are hoping for October to bring the demand spike that is typical of the festive period, after a subdued start to the season, with sales during Onam and Ganesh Chaturthi failing to match expectations. And to entice potential buyers who may still be undecided about the timing of the purchase, the companies are offering […]

MG Motor India has officially revealed its first-ever Crossover Utility Vehicle (CUV), the all-electric Windsor EV, marking a significant addition to its electric vehicle portfolio. The Windsor EV will be priced starting Rs 9.9 lakh. The pricing of Windsor EV would position MG Motor as a big competitor for Tata Motors that has captured over […]

Tamil Nadu Chief Minister M K Stalin on Saturday laid the foundation stone for a new manufacturing facility of auto major Tata Motors here entailing investment of Rs 9,000 crore. The ground breaking ceremony was held at Panapakkam in this district, about 115 km from Chennai. The facility is expected to generate 5,000 new jobs. […]

Mumbai: The festive season will be crucial for India’s top two two-wheeler makers as the duo, accounting for more than half of the market, plan to intensify their slugfest and go all out to chase volumes and market share with aggressive promotional schemes in the world’s largest market. Hero MotoCorp aims to retail 1.5 million […]

The Tata Curvv ICE, launched by Tata Motors, ranges between ₹9 lakh and ₹20 lakh. With four trims—Smart, Pure, Creative, and Accomplished—each variant offers distinct features and engine options in petrol and diesel. ET’s Neha Vashishth details what makes each model stand out. Watch the full video for more. Show more Show less

Pune: Tyre makers are headed for a rough patch as the price of natural rubber has increased more than 33% on-year in just the first five months of this fiscal year amid strong demand and crunched supply, which could strain their profitability, Crisil Market Intelligence and Analytics (MI&A) said. Domestic prices of natural rubber closed […]

The journey of shifting to electric mobility is not going to be easy for automakers as it is tough to generate profitable margins and get scale in the electric vehicles (EVs) segment, says a research report by Bernstein. The report noted that generating sufficient margins and scaling up in the EV space is difficult, even […]

Auto component major ANAND Group is investing Rs 600 crore in the ongoing financial year to strengthen its capabilities, including in bringing advanced and emerging technologies to the Indian market, especially for electric vehicles and sports utility vehicles. The investment being made this fiscal is part of the Rs 3600 crore earmarked by the $2.2 […]

Hyundai Motor India Ltd, the most successful foreign automaker in the country where a few others have failed, has reportedly got nod from the Securities and Exchange Board of India for its initial public offering (IPO), the largest ever in India. Hyundai, India’s second-biggest car maker behind Maruti Suzuki, plans to raise at least $3 […]

Consumer fatigue for large sport-utility vehicles (SUVs) seems to be setting in, with sales of premium models priced upwards of Rs 20 lakh such as Hyundai Tucson, Toyota Fortuner and Jeep Meridian falling by 18% in the first five months of this fiscal year. The blazing post-pandemic growth of the Indian car industry in the […]

JSW Group on Tuesday said it has appointed Rajiv Mehta as Chief of Business of its mobility arm JSW Auto. Based out of the company’s headquarters in Mumbai, Mehta will report to Parth Jindal and also work very closely with Sajjan Jindal, Chairman of the JSW Group. “Mehta comes on board at JSW Auto at […]

Top executives of Mahindra & Mahindra and Skoda Auto Volkswagen India (SAVWIPL) are likely to meet over the next few days in Mumbai to discuss forming a potential car manufacturing joint venture in India, said people familiar with the matter. “The board members of SAVIWPL and M&M are scheduled to meet over the next few […]

JSW MG Motor India on Saturday revealed the prices for its latest launch, the MG Windsor. The “intelligent” crossover utility vehicle, and India’s first, as MG calls it, will carry a starting price tag of Rs 13,49,800 (Ex-Showroom). This price includes the battery cost as well. MG Motor India had on September 11 launched the […]

New Delhi: Just the luxury tag doesn’t excite buyers in India’s market for high-end cars; they are increasingly looking for premiumness in what already is a highly discerning segment. At Mercedes-Benz India, vehicles priced upwards of ₹1.5 crore accounted for 25% of total sales so far this year, up from 15% two years earlier, said […]

Luxury carmakers Mercedes-Benz, Audi and BMW are eyeing robust sales during the festive period this year with demand for high-end cars continuing to see an upward trend in India. In an interaction with PTI, Mercedes-Benz India MD and CEO Santosh Iyer said the luxury car segment is set for its best-ever performance this year with […]

The foundation stone laying ceremony for the manufacturing facility of tyre major Michelin, was held near here on Saturday, Minister for Industries TRB Rajaa said. The plant located in neighbouring Tiruvallur district would be expanded at an investment of Rs 563.67 crore in the existing manufacturing facility of Michelin, to produce passenger car tyres.”It gives […]

Honda Motorcycle & Scooter India on Monday said it is recalling certain units of its bike models like CB350 and H’ness CB350 due to issues with wheel speed sensor and camshaft. The company is recalling CB300F, CB300R, CB350, H’ness CB350 and CB350RS, manufactured between October 2020 and April 2024, for issues with wheel speed sensor, […]

Punjab Chief Minister Bhagwant Mann on Thursday assured full support to Modern Automotives for its plans to expand its project in the state and manufacture parts for luxury car maker BMW. A delegation of the Modern Automotives Ltd comprising its representatives — Aditya Goyal, Suhail Goyal and Manish Bagga called on the Chief Minister here. […]

The Bombay High Court has directed Apollo Tyres Ltd. to stop circulating advertisements that allegedly disparage CEAT Ltd’s car tyre variant ‘Crossdrive AT’ until further order, granting temporary relief to the RPG group-owned listed tyre company. In a recent order, the court said that CEAT has made out a strong prima facie case for the […]

Auto components maker Uno Minda Ltd on Thursday announced investments of more than Rs 610 crore on setting up a new plant in Indonesia and expanding domestic capacity in India. The company’s wholly-owned subsidiary, PT Minda Asean Automotive (PTMA), has secured additional orders, including orders for long tail lamps for passenger cars from OEMs (original […]

Chennai: The plan to roll out six new products, including two electric vehicles under the Franco-Japanese automotive alliance Renault Nissan, at a total outlay of Rs 5,300 crore has been progressing and is on schedule, a top official of French car major Renault India said on Wednesday. Renault-Nissan, in February 2023, had announced investments of […]

Mumbai: Ahead of the launch of its maiden electric vehicle, a midsize SUV called Concept eVX, in January 2025, Maruti Suzuki India plans to set up close to 25,000 EV charging points, multiple people aware of its plans said. In addition to tapping into its 5,100-plus service centres in 2,300 cities, the country’s leading carmaker […]

Triumph India has introduced its latest motorcycle, the Speed T4, priced at ₹2.17 lakh. This new model is the most affordable Triumph bike available in India, marking a significant entry into the budget-friendly segment for the brand. The Speed T4 is positioned as a successor to the Speed 400. It has also Introduced the 2024 […]

Bajaj Auto plans to expand the product line up and bolster sales network under the Triumph brand to consolidate its position in the robustly growing domestic mid-size motorcycle segment, according to a senior company executive. The Pune-based firm, which has a global partnership with British motorcycle brand Triumph, on Tuesday unveiled two 400-cc bikes, Speed […]

The Delhi State Consumer Disputes Redressal Commission has upheld a district forum order, holding the manufacturer and customer relation office of Hyundai Motors India as not responsible for any wrongdoing or omission by an authorised dealer. The authorised dealer did not deliver a car after receiving the booking amount. The commission — comprising president Justice […]

Mahindra & Mahindra, which leads India’s pick-up truck market with a 51% share, is looking to enter Southeast Asia and step up presence in South Africa with its latest Veero range. “We have been selling the Scorpio pick-ups in several markets including mature markets like South Africa. The Veero will give us access to many […]

Auto components major Samvardhana Motherson International Ltd on Monday said it will acquire 11 per cent stake in Israel’s REE Automotive Ltd for up to USD 15 million. Samvardhana Motherson International Ltd (SAMIL) via its wholly-owned subsidiary MSSL Consolidated Inc will subscribe up to 36,39,010 Class A ordinary shares of REE Automotive Ltd. At a […]

Mumbai: Scooters are experiencing a renaissance in the Indian market, even outpacing the traditional reign of motorcycles. Expansion of electric mobility, urban congestion and rising female participation in the workforce are among factors which lifted the share of scooters in the local two-wheeler market to a seven-year high in the first five months of this […]

Mumbai: The Indian car market’s adoption of alternative fuels continues to be driven by CNG-run vehicles. Hybrids, too, are outpacing electric vehicles in the country at a time when the global EV market shows signs of stagnation. Sales of CNG cars grew 46% year on year during January-August followed by hybrids at 19% while electric […]

New Delhi/Kolkata: Hefty discounts and promotional offers have helped trigger some uptick in car and consumer electronic sales during the ongoing Ganesh Chaturthi and Onam festivals – which herald the festive season – after sluggish demand so far this year. Maruti Suzuki reported a 10% increase in bookings in Kerala ahead of Onam, while on […]

Micro SUVs are gaining traction in India, becoming a bright spot for the domestic car industry battling a sales slowdown this year. The rush for such small SUVs underscores a broader shift towards SUVs from traditional cars in the world’s third-largest automobile market. Sales of small SUVs such as Hyundai Motor India’s Exter and Tata […]

Ford Motor is returning to the Indian market about three years after discontinuing its operations in the country. The US automaker plans to build cars in its existing factory in Chennai to specifically cater to the export market, bolstering India’s standing as an emerging global hub for automotive manufacturing. On Friday, the Dearborn, US-based automaker […]

Carmakers are offering deeper discounts in a desperate push to entice buyers and clear inventory as sales remain sluggish. Starting this month, the level of discounts has risen to 12-14% of the average selling price (ASP) of a vehicle from 10-12% in August. For some models, total discounts offered are well over ₹3 lakh which […]

Ministry of Road Transport & Highways Secretary Anurag Jain on Thursday pitched for scrapping of pre-BS era vehicles, especially commercial heavy vehicles, citing pollution and safety issues. Bharat Stage (BS) norms were introduced in the country in 2000. “If look at pre-BS vehicles, these do so much of pollution. The vehicles which are from before […]

Expanding portfolio in country, Maruti Suzuki on Thursday launched S-CNG variant of its popular Swift with fuel-efficiency of 32.85 km/kg# at an ex-showroom price of Rs 8.19 lakh, said company’s press release. With the new launch, the company is expecting to cements its position as India’s most fuel-efficient premium hatchback in its segment. “With the […]

JSW MG Motor India, the recently formed joint venture between MG Motor and Sajjan Jindal-promoted JSW Group, is looking at moving away from conventional internal combustion engine petrol and diesel vehicles and focus on new energy vehicles for the future, Parth Jindal, Director, JSW MG Motor India said. The company, which launched cross-over utility vehicle […]

Chief Economic Advisor V Anantha Nageswaran on Tuesday asked automobile manufacturers to invest in R&D in order to make a world-class industry. Speaking at the SIAM Annual Convention, he also asked them to focus on improving the global NCAP (New Car Assessment Programme) ratings of their products so that exports get further push. In general, […]

Vehicles equipped with a functional Global Navigation Satellite System (GNSS) will be able to drive up to 20 km on highways and expressways free per day, the road ministry said on Tuesday. The relief comes following the amendment in the National Highways Fee (Determination of Rates and Collection) Rules, 2008 by the ministry of road […]

Tata Motors has announced its ‘Festival of Cars’ campaign, offering amazing deals for this festive season. The automaker has reduced prices on its popular cars and SUVs by up to Rs 2.05 lakh.According to Tata Motors, these special festive offers will be available for a limited time, ending on October 31, 2024, across all petrol, […]

India’s auto industry should combine organic growth with some inorganic outreach across the world and look at acquiring or collaborating with companies which are in new-age technologies such as electric vehicles (EVs), commerce and industry minister Piyush Goyal said on Monday.Goyal, who was speaking at the 64th annual convention of Automotive Component Manufacturers Association (Acma), […]

The slowdown in rural demand for automobiles has prompted banks and finance companies to dole out offers for the festive season including lower interest rates, free insurance and longer repayment tenures. Experts said India’s auto industry is saddled with nearly ‘80,000 crore worth of inventory. Tractor sales, which tend to pick up after good crop […]

The Federation of Automobile Dealers Associations (FADA) announced the results of the 2024 customer experience index in collaboration with Frost & Sullivan, on Tuesday. The study revealed that Kia leads the overall customer experience in the survey in the mass market segment with a score of 45.84. Audi led the luxury segment with a score […]

NEW DELHI: Auto components maker Minda Corporation Ltd on Wednesday said it has signed a technology licensing agreement with China’s Sanco Connecting Technology to offer electrical distribution systems solutions for the electric vehicles market. Sanco Connecting Technology is a leader in EV connection systems. Under the agreement, Minda Corp & Sanco will locally develop EV […]

Federation of Automobile Dealers Association on Thursday released the retail details for the month of August. The total growth of the industry was just 2.88 per cent YoY, with varying performance across segments. The total number of automobile sales in the country for the month of August was 18,91,499, a down from 20,34,116 in July. […]

Stung by leftover inventory and unsure about consumer spending, India’s auto dealers are worried about having to discount more to boost demand in the upcoming festive season, a representative of the dealers’ body said on Thursday. The double whammy of higher inventory costs and deeper discounts is a nightmare for auto dealers as that has […]

Automobile major Hyundai Motor India has rolled out two new variants on its popular entry level sports utility vehicle EXTER, the company said on Friday. The S(O)+ variant, equipped with manual transmission is priced at Rs 7,86,300 (ex-showroom) while S+ variant is an automated manual transmission (AMT) offered at Rs 8,43,900 (ex-showroom). Some of the […]

Retail sales of passenger and commercial vehicles in India fell in August from a year earlier as excessive rainfall in several states weighed on consumer sentiment and economic activity, worsening woes for automakers. While passenger vehicle sales fell by 4.5% to 309,053 units, commercial vehicles slid 6.05% to 73,253 units amid weather-related disruptions and weak […]

Registrations of passenger as well as commercial vehicles fell last month with excess rainfall, floods disrupting retail sales in several states in the local market. While passenger vehicle sales declined by 4.5% to 309,053 units, commercial vehicle retails slid 6.05% to 73,253 units on back of weather-related disruptions and weak industrial demand. Overall, vehicle registrations […]

In what can be disheartening for auto companies such as Maruti Suzuki, Toyota and Honda, G20 Sherpa Amitabh Kant announced on Tuesday that the government will maintain a large duty differential between electric vehicles and hybrids to promote zero-emission technologies and green mobility in India. Speaking at an event organised by Mercedes-Benz Research and Development […]

Union minister Nitin Gadkari on Wednesday said two-wheeler manufacturers should provide helmet to the purchaser of the vehicle at a discount or reasonable rate as many people die in road accidents just for not wearing helmets. Addressing an event here, Gadkari said 50,029 people lost their lives in accidents in the country in 2022 when […]

Mumbai: Mahindra & Mahindra-backed motorcycle maker Classic Legends is planning an initial public offering (IPO) in the financial year starting April 1, 2026, cofounder Anupam Thareja said. The company manufactures and markets the Jawa, Yezdi and BSA motorcycle brands in India and overseas in the price range of ₹170,000 to ₹300,000. Classic Legends had acquired […]

Hyundai India today launched the Aura Hy-CNG E trim at INR 7 48 600/- (Ex-showroom). Hyundai said to have sold over 200,000 units of Aura since its launch and the Hy-CNG E variant is expected to appeal to eco-conscious buyers. Hyundai Aura Hy-CNG E Specification The Hyundai AURA Hy-CNG E trim comes equipped with front […]

New Delhi: Maruti Suzuki’s workhorse SUV Brezza raced past Hyundai Motor India’s Creta to occupy the top slot on the sales chart last month. Maruti Suzuki sold 19,190 units of the Brezza in August, ahead of Hyundai’s flagship SUV, Creta which sold around 16,760 units. While Creta slipped to the third spot in the best-selling […]

The commercial vehicles (CV) wholesale volume may witness year-on-year growth of up to 3 per cent in current fiscal year, rating agency Icra said in a report on Monday. Icra had earlier estimated 4-7 per cent decline in CV volume for FY25. The change in projection is due to better-than-expected volume growth in first four […]

New Delhi: Tata Motors on Sunday reported an 8 per cent rise in total wholesales at 71,693 units in August as compared with 78,010 units in the same month last year. The total domestic sales stood at 70,006 units last month as against 76,261 units in the year-ago period, a dip of 8 per cent, […]

Sales of passenger vehicles in the local market declined for the second straight month in August, on a high base, and with carmakers reducing dispatches to rationalise stocks at dealerships. According to industry estimates around 350,000-355,000 cars, sedans and utility vehicles were dispatched from factories to dealerships last month, which is a decline of 1.7-3% […]

Once the driving force behind India’s automobile industry growth and then pushed to the sidelines by SUVs in recent years, small cars are set to make a strong comeback, say experts. A recent surge in two-wheeler sales is an indication of improving sentiment at the entry level of the personal mobility market, according to the […]

Hero MotoCorp has elevated its Chief Business Officer for global business, Sanjay Bhan to the role of Executive Vice President with effect from September 1. Bhan, in his expanded capacity, will also lead the Global Product Planning (GPP) portfolio along with the newly established Global Market Insights function, Hero MotoCorp said in a regulatory filing […]

Sunil Jain, President and Executive Director of Rajoo Engineers Limited, Biren Parikh, CIO of Symphony Limited, and Vishal Raj Saini, Country Head – India and Indian Subcontinent at Epicor Software joined the third episode of the Economic Times webinar series, in collaboration with Epicor, moderated by Neha Dewan. Together, they discussed the vital role of […]

Italian luxury carmaker Maserati introduced the second-generation GranTurismo in India on Friday, expanding its lineup with this new grand tourer. The GranTurismo is available in two petrol variants: the Modena, priced at Rs 2.72 crore, and the high-performance Trofeo, priced at Rs 2.90 crore, both ex-showroom. However, customization would cost more. An all-electric version, the […]

Mahindra & Mahindra (M&M) and Skoda Auto Volkswagen India (SAVWIPL), the Volkswagen Group’s wholly owned India subsidiary, are in advanced stages of forming a 50:50 joint venture to share costs, technology and vehicle platforms for future product development. While the scope of the JV will also include fossil fuel-based models, it will largely focus on […]

The two-wheeler industry is expected to witness robust sales in the upcoming festive season, riding on the back of strong revival in rural demand and bountiful monsoon so far, according to TVS Motor Company Senior Vice President – Head Commuter Business Aniruddha Haldar. In an interaction with PTI, he noted that the growth in the […]

Maruti Suzuki, Hyundai Motor India and Toyota Kirloskar Motor are among automakers gearing up to introduce more than half a dozen seven-seater utility vehicles over the next year to capitalise on surging demand for larger passenger vehicles, with buyers opting to travel more with families since the pandemic. While first of the block will be […]

Three times in the past four months, William Stein, a technology analyst at Truist Securities, has taken Elon Musk up on his invitation to try the latest versions of Tesla’s vaunted “Full Self-Driving” system. A Tesla equipped with the technology, the company says, can travel from point to point with little human intervention. Yet each […]

Rising inventory across sales channels and lack of competitively priced new models that can attract buyers are beginning to weigh on the wholesale volumes (dispatches to dealers) of the passenger car industry. For the first time in 30 months, the volume of the passenger car industry is expected to decline 2.5-3% on a year-on-year basis […]

Commercial electric vehicle manufacturer Euler Motors on Tuesday announced its entry into the small commercial vehicle segment with plans to roll out the first four-wheeler with over 1,000 kg payload during the upcoming festive season. The company said its new SCV will be designed to meet the growing demand for cost-effective, and high-performance inter- and […]

Mahindra Thar Roxx launched in India, offering a five-door version of the iconic SUV. Starting at Rs 12.99 lakh, it features petrol and diesel options, advanced safety tech, and a premium interior, catering to off-road enthusiasts.

Skoda has unveiled the name of its forthcoming subcompact SUV for the Indian market, set for a 2025 launch. The vehicle will be called the ‘Kylaq,’ continuing Skoda’s distinctive naming convention for SUVs that start with ‘K’ and end with ‘Q.’ The Kylaq will compete with popular models like the Maruti Suzuki Fronx, Tata Nexon, […]

Tata Motors’ Punch has become India’s top-selling car, surpassing Maruti Suzuki’s WagonR with over 1,26,000 units sold between January and July 2024. Punch’s success marks the end of Maruti Suzuki’s long-standing dominance in this segment. However, in July, Punch slipped to the fourth position, with Hyundai Creta taking the lead, according to data from auto […]

Maharashtra Pollution Control Board (MPCB) on Saturday alleged non-compliance with environmental standards by the luxury car maker Mercedes-Benz India at its Pune manufacturing facility and sought a comprehensive review of the plant’s operations. Mercedes-Benz India, in a statement, said it has not received any “written notice” or formal request from MPCB describing the claimed violations […]

Sales of strong hybrid vehicles are growing in high double digits, sharply outpacing a sluggish Indian auto market where demand for both fossil-fuel and electric vehicles have slowed this year. To be sure, the growth in strong hybrid vehicle sales is on a small base but the shift in market dynamics underscores growing consumer appetite […]

In a bid to diversify Sports Utility Vehicle (SUV) portfolio in India, South Korean auto giant Hyundai Motor India Limited (HMIL) on Thursday announced the commencement of bookings for new Alcazar with an initial booking amount of Rs 25,000. “The bold new Hyundai ALCAZAR with a distinctive road presence, premium interiors, advanced technology and safety […]

Genesys International Corporation, a provider of advanced mapping services, is in advanced talks to secure an order worth Rs 150-200 crore from two leading original equipment manufacturers (OEMs) in India to provide AI-powered navigational maps and connected car solutions, according to sources familiar with the matter. The formal announcement of the order is expected in […]

The government needs to continue to support adoption of electric vehicles by levying reduced GST of 5% till penetration in luxury vehicle segment reaches 50%, a top executive at German luxury carmaker Audi said. Balbir Singh Dhillon, Head, Audi India, said while the company is considering introducing multiple products in the segment, and exploring possibilities […]

New Delhi: TVS Motor Company expects the scooter segment to grow further and account for around 40 per cent of the overall two-wheeler sales, its CEO KN Radhakrishnan said on Thursday. The company, which on Thursday introduced the new Jupiter 110, said it has outpaced the industry in scooter sales with a compound annual growth […]

TVS Motor Company launched its Jupiter 110 scooter on Thursday at Rs 73,700 (ex-showroom), after many social media teasers on it. The new model stars a fresh design as well as several new added features such as Bluetooth, Call and Text, Voice Assist, Navigation, and even a Cricket Score Update. Beginning with its design, the […]

Two-wheeler major Hero MotoCorp is gearing up to expand its scooter range and consolidate its position in the 125 cc bike segment as it looks to grow faster than the competition, according to CEO Niranjan Gupta. The company plans to roll out both petrol and electric scooter trims and also bolster the production capacity of […]

Commercial vehicle maker Ashok Leyland has been seeing a high number of enquiries from fleet operators amid the segment going through a consolidation phase, the company has said. The company is also expecting the medium and heavy commercial vehicle (MHCV) segment to grow in a single-digit this fiscal as against earlier estimates of a flat […]

In a significant shift in the two-wheeler market, Hero MotoCorp has fallen to the second position behind Honda Motorcycle & Scooter India (HMSI) based on wholesale dispatch data. According to figures from the Society of Indian Automobile Manufacturers (Siam), Honda has surpassed Hero MotoCorp in the April-July period, with 18.53 lakh units compared to Hero’s […]

Carmakers and their dealers are battling each other over inventory levels amid slowing demand. The Federation of Automobile Dealers Associations (FADA) says their members are carrying stock equivalent to over two months of sales, that is, 730,000 units. Carmakers argue it’s about half that — 400,000-410,000 units. FADA has written to the Society of Indian […]

Bajaj Auto Ltd on Monday said it will need to increase its provision for deferred tax by Rs 211 crore due to the withdrawal of indexation benefit and change in the tax rate on long-term capital gains on debt mutual fund. The company invests its surplus funds into a range of asset classes, including debt […]

MUMBAI: Automakers are in the process of tweaking the design, shapes and body styles to inject freshness into SUVs, which after topping the sales charts for several years are now facing sluggish demand. A body style that is finding favour with several of them is coupé, with Citroen and Tata Motors already launching SUVs with […]

TVS Motor Company expects to grow faster than the competition across domestic and international markets this fiscal riding on the back of new product launches and strengthening of operations across key regions, according to CEO KN Radhakrishnan. He noted that in the domestic market, the company expects growth momentum to continue with normal monsoons likely […]

New Delhi: TVS Motor Company plans to expand the sales of its electric vehicles to both developing and developed markets, betting big on India’s potential to emerge as a major export hub for electric two-wheelers, according to Director and CEO KN Radhakrishnan. The company will leverage on its plant in Indonesia to cater to other […]

Maruti Suzuki India on Saturday said it would need to increase provision for deferred tax liability by around Rs 850 crore due to the withdrawal of indexation benefit while calculating long-term capital gains on debt mutual funds. The company was making accounting provisions for deferred tax liability on fair value gains on these investments, Maruti […]

New Delhi: Sales of super luxury cars are set to surpass previous peaks for the third straight year in India, even as mainstream auto makers are struggling to clear their piled-up inventory by offering massive discounts. A Lamborghini booked now will be delivered only in 2026 or later, as the supercar maker has sold all […]

Escorts Kubota is advancing its plans to establish a Greenfield manufacturing facility, to expand the company’s existing capacities to accommodate its future growth, the company informed the exchanges o Friday. The farm equipment company has submitted an Investment Intent to the Government of Uttar Pradesh (GUP), seeking approval for land acquisition. The latest announcement follows […]

New Delhi: Car discounts have doubled from August last year and are likely to stay high through the festive season, till end of December, as carmakers and dealers rush to liquidate a huge pile-up of inventory amid slowing sales. From market leader Maruti Suzuki to Hyundai, Tata Motors, Skoda and Honda – they are all […]

Mahindra Group-owned iconic motorcycle brand BSA made its debut in India on Thursday with the launch of 652-cc Gold Star 650 model at a starting price of Rs 2.99 lakh (ex-showroom Delhi). One of the oldest motorcycle companies in the world, Birmingham Small Arms Company (BSA), was acquired by the Mahindra group’s premium motorcycles arm […]

Sales of passenger vehicles fell for the first time in more than two years in July on a high base worsened by sluggish demand and inventory glut at dealerships. Two-wheelers however grew in double digits, and three wheelers in low single digits, helped by steady recovery in rural demand, on a low base. Passenger vehicles […]

In a first, Maruti Suzuki has started preparations for reporting its monthly sales based on vehicle registrations, shifting from the current practice of announcing factory despatches to dealers every month, said people aware of the development. India’s largest carmaker plans to report sales data based on its vehicle registrations on the Ministry of Road Transport […]

Maruti Suzuki India on Wednesday said it has received a show cause notice from customs authority demanding payment of differential duty of over Rs 3.8 crore. According to a regulatory filing, the company has received a show cause notice from the Office of the Commissioner of Customs (Import), Air Cargo Complex, Mumbai. “In this show […]

As the festive season in India fast approaches, Hero MotoCorp CEO Niranjan gupta on Tuesday announced that the company will be launching new scooter models in the two forthcoming quarters, attempting to ‘re-energise’ the segment. The two-wheeler manufacturer also said that its EV brand Vida has started to increase its presence and market share. “We […]

Tata Motors-owned Jaguar Land Rover on Tuesday announced the commencement of the locally-produced Range Rover Sport in the domestic market. With this, the complete Range Rover portfolio is now made-in-India, the company said. Jaguar Land Rover in May this year had announced that it will make Range Rover and Range Rover Sport in India at […]

BSA, the iconic British motorcycle brand, will debut in India on August 15 with the Gold Star model, amplifying choices for enthusiasts while intensifying competition in the growing market for middleweight motorcycles. Mahindra & Mahindra-owned Classic Legends has been producing the 652cc motorcycle Gold Star at its plant in Pithampur, Madhya Pradesh for about two […]

Mahindra & Mahindra on Friday denied report which said that the Indian automaker and China’s Shaanxi Automobile Group have agreed to set up a $3 billion joint venture to build a car manufacturing plant in India and are awaiting New Delhi’s approval. The automaker called the Reuters report to be ‘unfounded and said that there […]

Tata Motors expects demand to remain sluggish in overseas markets this fiscal while pinning hopes on a gradual bounce back in the domestic market on the back of new launches and the upcoming festive season. Earlier this month, the Mumbai-based automaker reported a consolidated net profit of Rs 5,566 crore and total income of Rs […]

Italian super luxury automaker Automobili Lamborghini expects exponential growth in India with the potential to become a top market in the Asia Pacific region in the long-term, driven by customers who are the youngest globally, according to a senior company official. With the company selling a record 103 units in India in 2023, Automobili Lamborghini […]

Remember Opel Astra? It was India’s first tryst with German technology on the roads. With automatic transmission — a rarity in those days — ventilated disc brakes and a CFC-free air-conditioning system, Astra quickly became the car to dream for. It single-handedly launched the premium luxury sedan segment in India. Opel, then owned by Detroit, […]

New Delhi: India is set to host one of the largest mobility expositions in the world with as many as 28 automakers from homegrown Tata Motors to Maruti Suzuki, Japan’s Toyota Motor Corporation (TMC) and China’s BYD set to take the covers off a slew of vehicles, many in the electric vehicle segment, at the […]

The political turmoil in Bangladesh is significantly impacting Delhi’s auto parts trade, particularly affecting markets like Kashmere Gate and Karol Bagh, which export spare parts to the neighboring country, TOI reported. Traders are facing uncertainty about their sales due to concerns over payment issues for goods already dispatched or in transit. According to the Chamber […]

Shared mobility services provider Yulu Bikes is looking to raise upwards of $100 million in a Series C round to expand operations over the next couple of years. Yulu, which has a strategic partnership to develop electric vehicles with Bajaj Auto, is looking at more than doubling the fleet of electric two-wheelers it deploys for […]

Mumbai: Electric car market leader Tata Motors has increased discount on its Nexon.ev range by up to ₹60,000 to arrest sluggish sales, according to a communique the company sent to its dealers on Thursday. The discount takes effect within months of the price reduction of up to ₹1.2 lakh announced on the Nexon.ev range and […]

Hyundai Creta has emerged as the best-selling SUV in India in July, surpassing Tata Punch, which had been the leader for several months. The Creta’s sales boost reflects a growing trend in the SUV market, highlighting its competitive edge over other models. Hyundai Creta Hyundai Creta maintained its upward trajectory in sales since its new […]

Maruti Suzuki on Wednesday announced that it will recall 2,555 Alto K10 vehicles for a possible defect in Steering Gear Box Assembly (“Part”). The said defect, in a rare case, may affect the vehicle steerability, as per the company’s statement on exchanges. “Out of abundant caution, customers of the affected vehicles are advised not to […]

The auto to tractor major is closely watching its services contribution, which now accounts for 30-40 percent of the group’s profitability. With a five-fold growth in the services portfolio and unlocking the full potential in Mahindra Finance and Tech Mahindra, the share of the profits from non-auto and farm businesses would go up over the […]