New Delhi: The domestic two-wheeler segment will continue on growth path in the current fiscal on the back of factors like normal rainfall and uptick in rural demand, according to TVS Motor Chairman Ralf Speth. Speaking at the company’s annual general meeting (AGM), he noted that in partnership with BMW Motorrad, TVS will be working […]
Union Minister of Road Transport and Highways Nitin Gadkari said on Monday that many Indian companies are setting up plants to produce 100 per cent ethanol-run cars and two-wheelers in India. Gadkari came to Parliament in a similar vehicle produced by Toyota and while talking to the media said, “This is the world’s first vehicle […]
Find this comment offensive? Choose your reason below and click on the Report button. This will alert our moderators to take action Name Reason for reporting: Foul languageSlanderousInciting hatred against a certain communityOthers Your Reason has been Reported to the admin.
India’s automobile retails grew 13.8 per cent on an annual basis in July, data from auto body FADA showed on Monday. Almost all segments except tractors exhibited a double-digit growth even as passenger vehicles’ inventory levels rose to a historic high of 67-72 days. The lobby body noted that consumer sentiment remained low in some […]
Hyundai, Kia Motors, Tata and Mahindra are lobbying India’s most populous state not to offer incentives for hybrid cars, saying the move – set to help rivals Toyota and Maruti Suzuki – would hit targets on adopting electric cars and investment plans. Four separate company letters to Uttar Pradesh, seen by Reuters, highlight the rivalry […]
Sluggish sales and high dealer inventory have not stopped carmakers from gearing up for a major product offensive in the upcoming festival season. As many as 20 new passenger vehicle models — including 12 entirely new offerings — are set to hit Indian roads by October end, with automakers pinning their hopes on the launches […]
Chennai: Classic Legends, a subsidiary of Mahindra and Mahindra Ltd, and retailers of Jawa and Yezdi range of motorcycles in India has announced plans to open 200 retail showrooms every year, a top official said on Saturday. Classic Legends was also gearing up to launch the popular BSA range of motorcycles on August 15, company […]
US carmaker Ford is considering re-entering the Indian market with a new strategy focused on electrics and sustainability. CEO Jim Farley and the global team at Ford’s headquarters are set to review a feasibility report regarding this potential re-entry. The company exited India in 2021 but is now preparing for the possibility of new investments […]
Italian electric motor component maker EuroGroup Laminations is buying a 40% stake in India’s Kumar Precision Stampings, the company said shortly after announcing a preliminary agreement for a strategic electric vehicle sector alliance in China. Milan-based EuroGroup Laminations (EGLA) – which specialises in stators and rotors, two key components of electric motors and generators – […]
New Delhi: Passenger vehicle sales fell for the first time in two and a half years in July amid sluggish demand and high dealer inventory, reflecting a broader slowdown in consumer spending across sectors after a two-year post-pandemic boom. While industry body Society of Indian Automobile Manufacturers (SIAM) will issue official sales data only later […]
Mumbai: Tata Motors’ electric car dispatches to dealers fell 21% in July year-on-year, making it a third consecutive monthly, year-on-year decline for the maker of Nexon.ev and Punch.ev models. PB Balaji, chief financial officer, Tata Motors Group attributed it to discontinuation of the subsidy scheme from April for the fleet segment and overall slowdown in […]
Industries Minister MB Patil onWednesday said Toyota Kirloskar Motor (TKML) setting up a plant in Maharashtra was part of its diversification plans and it should not be viewed as a flight of capital. The Japanese automaker has a relationship with Karnataka for 30 years now. The company may have chosen to invest in Maharashtra as […]
Home-grown auto major Mahindra & Mahindra on Wednesday said it is looking at creating an additional 4,000 units per month capacity for the five-door version of Thar, Thar Roxx, which is likely to be launched next month. At a broader level, the company is planning a total exit capacity of 64,000 units per month for […]
Which automotive company, more than any other, is responsible for getting the world’s population moving?Ford Motor Co., whose Model T turned the car into a mass-market product? Volkswagen AG, which sold more vehicles than any competitor over the past decade? Toyota Motor Corp., whose Corolla is the best-selling auto in history?There’s a good case that […]
Commercial vehicle maker Daimler India said on Tuesday it has partnered with Bajaj Finance to offer tailor-made vehicle financing options for both its customers and dealers. The strategic partnership will offer customer-focused finance solutions with faster turnaround times for loan approvals, streamlined credit appraisal processes, and customised financing options to suit various customer needs, Daimler […]
New Delhi: Suzuki Motor Corporation on Wednesday said it will focus on aspects like light body structures and usage of small batteries to power its models including electric vehicles across various markets, including India. Outlining the company’s technology strategy for the next ten years, the Japanese automaker stated that compact and light vehicles not only […]
Known for its sleek design and premium interiors, the Honda City offers a comfortable ride with advanced features
Mumbai: Tata Motors, among a few companies having its own exempted pension fund, is locked in a legal battle with the Employees’ Provident Fund Organisation (EPFO) over the transfer of pension funds.The automaker had sought to surrender the exemption status and transfer its employee provident fund corpus to the EPFO, but the pension funds body […]
The BMW Group introduced four BMW 5 Series 2024 new vehicles on Wednesday which included two new Mini Cooper models, one luxury sedan, and one electric scooter. The centre-stage was reserved for its brand-new 8th generation BMW 5 Series luxury sedan which the Munich-based company had previously showcased in India.For the first time, a long-wheelbase […]
New Delhi: Japanese auto major Nissan is looking to introduce five models over the next 30 months, as it looks to reboot its operations in the fast-growing Indian car market. The company, which is selling just one model in the country currently, is planning to drive in two mid-size SUV models (one five-seater and one […]
Alto 800, tata tiago, maruti wagon r and more cars in a budget for small indian families
New Delhi: For India’s young and upwardly mobile, buying a luxury car doesn’t just end their pursuit for the dream vehicle. They want it to be bespoke and are ready to splurge on customisation.Audi India recently spec’d an Audi RS Q8 with 17 customisation options – the most the automaker has reported on a vehicle […]
Japanese auto major Nissan – which along with alliance partner Renault recently announced fresh investments of Rs 5300 crore in India – has firmed up plans to introduce nearly half a dozen SUVs in the country to treble volumes over the next two years.First off the block, will be SUV X-Trail, which will be imported […]
The turnover of the automotive component industry rose by 9.8 per cent year-on-year to Rs 6.14 lakh crore for the fiscal ended March 31, 2024, industry body ACMA said on Thursday. The industry had reported a turnover of Rs 5.59 lakh crore in the 2022-23 financial year. Component supply to OEMs (original equipment manufacturers) in […]
BMW Motorrad India has introduced its first electric scooter, the BMW CE 04, marking the debut of India’s first premium electric two-wheeler. The scooter is priced at INR 14,90,000 (ex-showroom).
Porsche India on Wednesday said its retail sales increased 40 per cent year-on-year to 489 units in the January-June period. The company saw robust sales of Cayenne and Macan models during the period under review, the luxury sports carmaker said in a statement. “The desire to own a Porsche in India continues to grow and […]
The Indian market is an “exception”, growing steadily and sustainably at a time when demand for premium vehicles in several developed countries like China, Japan and Korea have started slowing down amid weak customer sentiments, Jean-Philippe Parain, Senior Vice President, Region Asia-Pacific, Eastern Europe, Middle East and Africa, BMW Group said. Parain, along with Markus […]
Royal Enfield has unveiled its latest offering, the Royal Enfield Guerrilla 450, at an event held in Barcelona. This new motorcycle, based on the Himalayan 450 platform, introduces three variants priced competitively starting from Rs 2.39 lakh (ex-showroom). The bike enters a heavily competitive mid-sized motorcycle segment dominated by big players like the Harley-Davidson X440, […]
The Centre is considering setting up a dedicated fund to incentivise new vehicle buyers among steps to push customers to scrap old vehicles. The shift in strategy follows tepid response to a voluntary vehicle modernisation programme started three years ago to remove more than 10 million polluting cars, buses and trucks off the roads.A senior […]
RPG Group company CEAT has outlined a capital expenditure of ₹1,000 crore for the current fiscal even as it sees margin pressure continuing for another quarter due to consistent increase in the price of natural rubber, said managing director Arnab Banerjee.India imports almost half of its requirement of natural rubber, the price of which is […]
NEW DELHI: The production linked incentive scheme (PLI) for automobile and auto components has so far attracted a proposed investment of Rs 67,690 crore, said Economic Survey 2023-24 tabled in Parliament on Monday. A capital of Rs 14,043 crore has been invested till end-March 2024, it stated. Applicants have proposed employment generation of 1.48 lakh, […]
India’s car market is on track to reach 20 million units by 2047, helped by promising growth in battery electric vehicles, Suzuki Motor Corp. Executive Vice President Kenichi Ayukawa said. First, the goal is for Maruti Suzuki India Ltd., the Japanese carmaker’s subsidiary, to grab 50% market share by 2030, from around 40% for the […]
Tyre maker CEAT Ltd expects double-digit growth in replacement and international business this fiscal despite a high natural rubber price forcing it to hike product rates, according to its MD and CEO Arnab Banerjee. The company, which has taken price hikes of 2-2.5 per cent in the replacement segment since May, expects another round of […]
Automakers are increasingly turning to discounts to lure buyers, an indication that the pricing power they enjoyed after the pandemic is eroding. The average incentive in the second quarter of 2024 rose to Rs 31,258 from Rs 24,350 a year earlier, according to data collated by consultancy firm Jato Dynamics. Diesel cars topped the list […]
Cars for a family of four: Best cars for Indian families including maruti suzuki swift, hyundai i20, kia sonet, tata nexon and more
New Delhi: The current GST rate structure of passenger vehicles in India is outdated and needs to be aligned with the new developments in the auto industry, according to JSW MG Motor India CEO Emeritus Rajeev Chaba. The government should consider the overall perspective of vehicular emissions, reduction of import bill, sustainable local supply chain […]
Mercedes-Benz India on Wednesday said it has introduced financial solutions for customers to own its model range. The luxury car market leader has come up with initiatives like ‘Step-up EMI’, ‘Lower EMI with higher annual payout’ and ‘EMI Holiday’, offering customised financial solution for aspiring customers based on their financial requirements. “This year we are […]
Leading global tyre makers such as Bridgestone, Michelin and Goodyear have committed investments worth over Rs 1,100 crore in India after the DPIIT temporarily allowed them to import certain tyres to the country, an official said. The official said that the import restrictions on ‘New Pneumatic Tyres’ were relaxed for certain global players that were […]
Royal Enfield has unveiled its new Guerrilla 450, priced at Rs 2.39 lakh. This latest model features a powerful engine, modern design, and advanced technology. With this launch, Royal Enfield aims to capture the adventure bike segment, offering riders a blend of performance and style.
British bike maker Norton Motorcycles, part of the TVS Motor Company, on Wednesday said it plans to launch six new products over the next three years with an eye on increasing sales through sales partners in the US, Germany, France, Italy and India. TVS Motor has committed 200 million pounds in new product development, facilities, […]
JSW MG Motor India, the recently forged joint venture between MG Motor and Sajjan Jindal-promoted JSW Group, has firmed up plans to invest Rs 3000 crore in the country by the end of 2025 to enhance capacity and introduce nearly half a dozen new products. The capital will be utilised to treble production capacity to […]
New Delhi: Indian automotive industry will need up to 2 lakh skilled people by 2030 to meet the government’s vision of 30 per cent electric vehicle adoption, the Society of Indian Automobile Manufacturers said on Tuesday. A total talent investment of Rs 13,552 crore is expected for hiring and training the workforce. “As we look […]
New Delhi: Two-wheeler sales in India are expected to grow around 6-8 per cent this fiscal and could reach the peak level of 2018-19 either in the fourth quarter or the beginning of next financial year, a top official of Bajaj Auto said on Tuesday. The rising commodity prices, specially natural rubber, have forced the […]
Mumbai: Ashok Leyland, the Hinduja group flagship has bagged an order for 2104 Viking passenger buses worth Rs981.45 crore from the Maharashtra State Road Transport Corporation (MSRTC), the company said in a statement. The company will execute the order—the single largest one from the state corporation for supply of BSVI OBD II (on board diagnostic) […]
Automobile retail sales increased 9 per cent year-on-year in June quarter FY25 with all segments, barring tractors, reporting growth, dealers’ body FADA said on Monday. Overall retail sales rose to 61,91,225 units in the April-June period from 56,59,060 units in the same quarter of FY24. Passenger vehicle retails increased 2.53 per cent to 9,20,047 units […]
New Delhi: Automobile exports from India rose 15.5 per cent year-on-year in the June quarter with all verticals, barring three-wheelers, recording growth in shipments, according to the latest SIAM data. Overall shipments stood at 11,92,577 units in the first quarter the current fiscal year, as compared with 10,32,449 units in the same period of the […]
New Delhi The Supreme Court has directed luxury car maker BMW India Private Ltd to pay Rs 50 lakh as compensation to a customer for supplying a defective car in 2009. A bench of Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra set aside an order of the Telangana High […]
Following muted growth in FY24, Commercial Vehicle (CV) sales volumes are expected to register a degrowth by 3-6% in FY25 due to a slowdown in demand in both the Medium and Heavy Commercial Vehicle (MHCV)and Light Commercial Vehicle (LCV) segments, as well as high inventory levels with dealers, CARE Ratings has said.Demand is, however, likely […]
Passenger vehicle sales in the local market rose in modest single-digit in June mainly due to a high base and easing of post-pandemic pent-up demand. As per data available with industry body Society of Indian Automobile Manufacturers (SIAM), passenger vehicle sales increased by 3% to 337,757 units last month, compared to 327,788 units sold in […]
Mumbai: Luxury car sales slowed in the first half of the year with combined sales at Mercedes-Benz, BMW and Audi growing 5.5% from a year earlier to 18,843 units, according to data from companies. This compares with a 23% on-year increase in the first half of 2023 at 17,869 units. Carmakers attributed the sluggish performance […]
Automotive dealers body FADA on Friday urged the government to introduce vehicle depreciation benefits for individual taxpayers, saying it will not only expand the taxpayer base but also ignite automobile demand. In its pre-budget wishlist, the Federation of Automobile Dealers Associations (FADA) also asked the finance ministry to reduce corporate tax for LLPs, proprietary, and […]
The Red Sea crisis is likely to impact the margins of the auto component industry over the next few quarters amid higher container rates and shipping time, credit ratings agency ICRA said on Thursday, projecting a moderate growth for the industry this fiscal. Close to two-thirds of the auto component exports are made to North […]
New Delhi: Hyundai Motor India on Thursday said it has collaborated with designers Falguni Shane Peacock for the 17th India Couture Week 2024. As part of the collaboration, the automaker showcased a specially wrapped IONIQ 5 in collaboration with Falguni Shane Peacock. The IONIQ 5 will make its debut at the finale of the 17th […]
Two- and three-wheeler maker TVS Motor Company on Wednesday widened its product portfolio with the launch of its popular motorcycle TVS Apache 2024 RTR 160 Racing Edition at Rs 1.28 lakh (ex-showroom Delhi). Equipped with a host of features, the motorcycle comes with an exclusive matte black colour, red alloy wheels, three ride modes — […]
New Delhi: Commercial vehicle sales volume is expected to decline 3-6 per cent in the current fiscal due to a slump in demand, according to a report by CareEdge Ratings. The drop in sales volume is due to a slowdown in demand in both the medium and heavy commercial and light commercial vehicle segments, as […]
New Delhi: Maruti Suzuki India Chairman RC Bhargava on Tuesday said the reported 100 per cent registration waiver for hybrid vehicles by the Uttar Pradesh government recognises the fact that multiple technologies are required to reduce carbon emissions and oil imports. According to reports, the Uttar Pradesh government has announced a 100 per cent registration […]
Xiaomi celebrated its 10th anniversary in India by revealing its first electric car, the SU7. While introducing the vehicle, Xiaomi executives emphasized that it was a ‘showcase only’ and did not mention anything about its launch during the live event. The SU7, also known as the Speed Ultra, represents a significant investment for Xiaomi, with […]
Sales of commercial vehicles – a barometer of economic activity – surpassed expectations last quarter driven by strong replacement demand and continued government spending on infrastructure. As per industry estimates, more than 234,000 trucks and buses were sold in the local market in the three months ended June, a 4.5% rise from 224,000 vehicles sold […]
Czech carmaker Skoda is looking to drive in new models, including the latest version of its premium SUV Kodiaq, in India to bolster its presence in the country. The automaker has already announced plans to introduce a sub-4 meter compact SUV in the country early next year. Skoda already has a presence in the mid-sized […]
New Delhi: India is likely to make changes to its new electric vehicle (EV) policy to incentivise automakers that have already made investments in the country, people in the know told ET. This comes as US electric carmaker Tesla Inc is still to make any firm commitment on building a factory in India. The policy, […]
Vehicle registrations – a proxy for retail sales – were largely flat last month as extreme heatwave in several parts of the country impacted retail sales. According to data collated by industry body Federation of Automobile Dealers’ Association (FADA), as many as 1,895,552 vehicles were registered last month, which is a marginal increase of 0.73% […]
Akurdi: With the Freedom 125, the world’s first CNG-powered motorcycle, Rajiv Bajaj, managing director, Bajaj Auto Auto wants to “return the favour” to the erstwhile Hero Honda which transformed the scooter-led two-wheeler market two-and-half decades ago, with its fuel-efficient motorcycles. The motorcycles returned 80 kms to a litre, double of what the scooters returned. With […]
Kolkata: Electric two-wheeler maker Ather Energy is hopeful of increasing its market share as it forays into the family scooter segment, a company official said on Friday. The Bengaluru-based firm has so far been manufacturing sporty scooters. “The company has now entered the family scooter segment to capture a larger share of the market. Ather […]
New Delhi: Vehicle registrations – a proxy for retail sales – were largely flat last month as heatwave conditions in several parts of the country forced potential buyers to defer their purchases. Data collated by industry body Federation of Automobile Dealers Associations (FADA) showed as many as 1,895,552 vehicles were registered last month, a 0.73% […]
Bajaj Auto has made a groundbreaking entry into the commuter motorcycle sector by introducing the highly awaited CNG-powered motorcycle, the Freedom 125. This innovative model claims the title of being the world’s first-ever CNG motorcycle.
Best SUV in India: Tata Nexon, Kia Sonet, maruti suzuki brezza and more SUV under Rs 12 lakh.
German automaker Volkswagen on Wednesday said it has launched its first brand store under its Certified Pre-Owned business segment here in Tamil Nadu. The company, in line with the brand’s global transition has rebranded its used car business ‘Das WeltAuto’ to ‘Volkswagen Certified Pre-Owned’ cars. Witnessing more than 10 times of volume growth over the […]
Auto parts maker Samvardhana Motherson International has raised $350 million by selling five-year bonds to overseas investors. The issue was priced late Wednesday. The bonds were sold by a subsidiary, SMRC Automotive Holdings Netherlands, and are priced at 140 basis points above the five-year US treasury, currently trading at about 4.30%. After taking into account […]
New Delhi: Automotive Tyre Manufacturers’ Association on Wednesday said its members are witnessing a ‘severe crunch’ in the availability of domestic natural rubber and it may disrupt production unless supply issues of the raw material are addressed. Despite high prices of natural rubber (NR), its availability has shrunk, Automotive Tyre Manufacturers Association (ATMA) said, expressing […]
BMW Group India on Tuesday said it has reported the highest ever sales in the country in the first half of the year with delivery of 7,098 units to customers. The luxury carmaker saw its sales increase 21 per cent year-on-year from 5,867 units in the January-June period of 2023. The company also sold 3,614 […]
TAFE Motors and Tractors Ltd, the subsidiary of leading tractor maker TAFE Ltd has inked a pact with Germany-based internal combustion engine manufacturer DEUTZ AG to jointly manufacture DEUTZ range of engines in the country. TAFE (Tractors and Farm Equipment) Motors and Tractors Ltd is a subsidiary of world’s third largest tractor manufacturer and city […]
Passenger vehicle sales in India stayed in the slow lane for the third straight month in June mainly due to a high base and easing of post-pandemic pent-up demand. June sales rose 3.7% from a year earlier but fell marginally from May. As per industry estimates, 340,784 cars, sedans and utility vehicles were sold last […]
New Delhi: Tata Motors on Monday reported an 8 per cent decline in total domestic wholesales to 74,147 units in June. The company’s domestic wholesales stood at 80,383 units a year ago. Sales of passenger vehicles, including electric vehicles, in the domestic market, were lower by 8 per cent at 43,624 units in June as […]
The government’s focus on improving the state of agriculture in India and several initiatives taken by it to drive higher rural incomes are likely to support to sustain the tractor demand momentum despite industry sales witnessing a decline of 7 per cent, according to Swaraj Engines Ltd. The company, which supplies diesel engines for tractors […]
India is not only the most attractive but the most competitive auto market in the world says Klaus Zellmer, CEO Skoda Auto a.s. It’s crucial to Skoda Auto’s growth strategy and gives the Czech firm a competitive advantage for its international expansion plans. The company’s development and manufacturing base in Pune is a springboard into […]
Jun 24, 2024, 05:16:35 PM IST Proper tyre care is crucial during monsoons. Check tire pressure regularly, ensuring it meets the manufacturer’s recommendations. Look for signs of wear and tear on the treads, and replace worn-out tires to maintain good grip on wet roads. iStock 2/5 Clean windshield wipers Ensure your windshield wipers are in […]
Car discounts have made a return after four years of long waitlists, driven by changes in the automotive industry’s pricing strategies. Dealers are ramping up production to meet high demand, particularly for SUVs, and are offering substantial discounts across various models. Discounts are available on a range of vehicles, including hatchbacks, sedans, and electric vehicles […]
Maruti Suzuki’s Swift hatchback has crossed a big milestone of 3 million sales in India, the company announced today. The Swift, first introduced in 2005, has undergone several makeover over the years. The company has recently introduced its 4th generation variant. Often hailed as a driver’s delight, the iconic car has established its own glorious […]
Bajaj Auto, India’s largest exporter of two and three wheelers has inaugurated its new manufacturing plant in Manaus, Brazil, it said in a statement on Wednesday. This will be the company’s first manufacturing facility outside India. In all the other markets in which it has a presence the company follows a distribution-led model – the […]
India Ratings and Research expects vehicle financiers to increase the share of used vehicles in their overall vehicle asset under management (AUM). This is because the rising new vehicle prices, driven by the changes in emission norms, technological changes and higher commodity prices, have made the purchase of new vehicles out of reach for first-time […]
Mumbai: Wholesale volumes across various segments of the automobile industry in June 2024 are anticipated to reflect a subdued trend, primarily attributed to the absence of wedding dates, according to Anand Rathi report. Analysts project a mixed performance with two-wheeler (2W) volumes showing resilience, while passenger vehicles (PVs) and commercial vehicles (CVs) are expected to […]
Mumbai: Tata Motors expects the Indian passenger vehicles market to touch 60 lakh units annually by 2030 and the company is targeting to increase its share to 18-20 per cent by FY30 as it is gearing up to launch new models both in conventional engine and electric vehicles segment, a top company official said on […]
Global tyre manufacturers including the likes of Michelin, Bridgestone, and Goodyear are gearing up to invest in India’s manufacturing sector, with potential entrants Yokohama and Birla Tyre also eyeing opportunities under a government scheme that links imports to local investment, TOI reported on Wednesday. These investments, expected to total around Rs 3,000 crore, mark a […]
Car makers are offering discounts on various models, including SUVs, according to reports. Now, the country’s leading car maker, Maruti Suzuki, has joined the bandwagon. Reports claim that Maruti is offering a huge Rs 1.4 lakh discount on one of its top SUVs. Specifically, Maruti is offering a Rs 1.4 lakh discount on the Grand […]
India’s equity frenzy has attracted a global biggie which wants to ride on the high investor sentiment. Hyundai Motor India Ltd. (HMIL), the country’s second-largest car maker, is coming out with a Rs 25,000 crore IPO, which could be India’s biggest ever, in the next four to six months and will see the South Korean […]
Mumbai: Pune-based automaker Force Motors said on Monday it has partnered with strategy consultancy firm EY Parthenon India for its digital transformation programme to boost innovation and productivity across its value chain, among others. The crucial milestones in this partnership include redesigning Force Motors’ digital landscape, implementing advanced digital platforms, technologies and solutions for customers, […]
Auto components industry body ACMA on Monday called for incentivising capex expenditure, increasing depreciation rates on plant and machinery and rationalising GST rates on EVs and its components, ahead of the upcoming Budget 2024-25. In its recommendations submitted to the Ministry of Finance and the nodal ministry for automotive industry, the Ministry of Heavy Industries, […]
Mumbai: Car buyers in India are spoilt for choice when it comes to powertrains. Carmakers from industry leader Maruti Suzuki to Tata Motors, Toyota Motor, Honda and Citroen, a relatively newcomer in the Indian market, offer diverse options in powertrains, from petrol, diesel and CNG to flexible fuel, electric and hybrid. Diversification of the engine, […]
The Bureau of Indian Standards (BIS) introduced two new guidelines aimed at enhancing the safety of electric vehicles in the L, M, and N categories. L refers to two-wheelers, while the M and N categories correspond to four-wheelers and goods trucks, respectively. These new sets of rules, called IS 18590: 2024 and IS 18606: 2024, […]
Kolkata | New Delhi: Hyundai Motor India gave the third significant upgrade to its flagship sports utility vehicle Creta this January, almost nine years after its launch in 2015 and about four years after its second generation in 2020. But the next big development followed in just three months with the performance-focused Creta N Line […]
Mumbai: Jaguar Land Rover Automotive, Tata Motors UK subsidiary, has increased its planned five-year investment by 3 billion pounds, or 20%, 18 billion pounds (Rs 1.91 lakh crore). The Indian automaker had previously planned to invest 15 billion pounds in the British manufacturer of the Jaguar F-Pace and Land Rover Discovery between fiscal years 2024 […]
Bajaj Auto looks to sustain momentum in its domestic business and expand production capacity for new businesses as it expects demand to remain robust in the current fiscal, according to its Chairman Niraj Bajaj. Addressing shareholders in the company’s Annual Report for 2023-24, he noted that the company would also aim for recovery in export […]
Jun 19, 2024, 04:32:09 PM IST Starting Price: Rs 3.99 lakhIf you are looking for a compact and fuel-efficient hatchback perfect for city driving, the Maruti Suzuki Alto K10 is a great option. Known for its low running costs, the Alto K10 is available in both petrol and CNG variants, making it a budget-friendly choice. […]
India’s automobile manufacturer, Tata Motors, on Thursday announced the launch of Tata Motors Fleet Verse which will serve as a comprehensive digital marketplace for company’s commercial Vehicles. Under the new marketplace, all transactions will be rendered through Tata Motors’ extensive pan-India dealership network, using a direct-to-dealer payment ecosystem. Key features of Fleet Verse: Smart Search […]
Carmakers and dealers are offering incentives by way of discounts, exchange bonuses, assured gifts to the tune of 5-11% – the highest in five years – in a bid to tempt buyers amid mounting inventory as sales slow, following a record FY24. The offers aren’t just on older models launched two to three years ago […]
Volvo CE India, a subsidiary of the Swedish Volvo group, aims to double market share in the segments it operates in the country, a top company official said on Wednesday. “We are present in 40 per cent of the earth moving and construction equipment (CE) segment in India. The company has a market share of […]
Jun 17, 2024, 01:22:46 PM IST Over the past few decades, owning a car in India has become a necessity rather than the luxury. But the price conscious Indian customer does not easily give into buying cars worth lakhs, and prefers to stick within a budget. Safety, style, comfort and mileage of the car remains […]
Hyundai has joined Indian car manufacturers Tata Motors and Mahindra & Mahindra in opposing any tax breaks for hybrid vehicles, suggesting that such measures could disrupt the market for petrol and diesel cars. Japanese carmakers like Maruti Suzuki, Toyota, and Honda are advocating for lower taxes on strong hybrids, arguing that the technology reduces emissions […]
As Indian automakers negotiate the transition from internal combustion engine (ICE) to electric, they stare at a diversion on the route. Consumers do want an alternative to vehicles powered by dirty fuel but they are not lapping up EVs as yet. They are preferring hybrids. The transition from ICE to electric is easier via hybrids, […]
Automobile retailers’ apex body FADA on Friday voiced its concern on the high inventory level and said it is planning to take up the matter with the Society of Indian Automobile Manufacturers (SIAM). At the third edition of the Finance and Insurance Summit 2024 here, Federation of Automobile Dealers’ Association (FADA) President Manish Singhania also […]
German car-maker Mercedes Benz will make an investment of Rs 3,000 crore in Maharashtra, state Industries Minister Uday Samant said on Thursday. In a post on X, Samant said while on a tour of Germany, he met top executives of Mercedes Benz on Thursday and discussed investment opportunities in the state. “Mercedes Benz will invest […]
Automakers in India will need to cut carbon emissions by a third over the next three years or face stiff penalties under the third iteration of corporate average fuel efficiency norms (CAFE) drawn up by the bureau of energy efficiency (BEE). The latest step by India’s energy efficiency and conservation agency is likely to make […]
Tesla expects to increase the price of its Model 3 because of import duties to be levied by the E.U. on cars made in China, the carmaker said on its website on Thursday, without specifying the size of the price hike. The message, displayed on Tesla’s website for countries including Germany, France, Ireland, Belgium, and […]
Mumbai: Tata Motors, India’s third largest passenger vehicle maker by sales, is looking at a 400-600 basis points jump in market share from the current 14% to 18%-20% by the end of the decade, it said at an investor presentation on Tuesday. The company plans to ride on the launch of completely new nameplates (brands) […]
New Delhi: Farm equipment to aerostructure conglomerate Mahindra Group will focus on delivering scale with its businesses that it ‘believes’ will cover 70 per cent of India’s growth over the next decade, according to its Managing Director and CEO Anish Shah. The group, which has completed exits from 15 companies in a variety of areas […]
Mumbai: Auto industry body, Society of Indian Automobile Manufacturers (Siam) has written to the government requesting for a reduction in the GST on two-wheelers. It has suggested that the government adopts three range slabs of reducing the rate-from the current 28% to 18% for internal combustion engine powered two wheelers, to 5% from the current […]
Mumbai: Tata Motors, India’s third largest passenger vehicle maker by sales, is looking at a 400-600 basis points jump in its market share from the current 14% to 18% to 20% over the next 2 to 3 years, it said in an investor presentation on Tuesday. This will be on the back of the launch […]
The Indian unit of Korea’s Hyundai Motor is likely to file a draft red herring prospectus (DRHP) with market regulator Sebi over the next two weeks, initiating the process for an initial public offering, said people familiar with the matter.If successful, this would mark the first IPO by an automaker in India in more than […]
Tata Motors is making waves this summer with its irresistible discount deals on some of its most popular car models. For those considering purchasing a Tata vehicle this month, there’s good news – substantial savings await on a range of sought-after models including the Tiago, Altroz, Nexon, Harrier, and Safari. With benefits reaching up to […]
Mumbai: Car market leader, Maruti Suzuki India has fired its first salvo to revive small car sales. The local arm of the Japanese carmaker has launched limited editions of Alto K10, Celerio and S-Presso models under the “Dream Series” at Rs4.99 lakh. It has also reduced prices of the automatic (auto gear shifts) variants of […]
Passenger vehicle exports from India rose by 2.68 lakh units in the last four financial years with Maruti Suzuki India accounting for nearly 70 per cent of the incremental shipments during the period. As per the industry data, passenger vehicle exports in the 2020-21 fiscal stood at 4,04,397 units. It rose to 5,77,875 units in […]
The two-wheeler sales in India experienced a marginal decline in May as compared to the same period in the previous year. The major two-wheeler manufacturers of the country reported a decrease in sales numbers, reflecting a broader trend in the industry.Market leader Hero MotoCorp, sold 498,123 units in May 2024, marking a decrease from the […]
Hit by a high base of last year and weakness in demand, the domestic commercial vehicle industry is expected to witness a dip of 4-7 per cent in wholesale volumes in the current fiscal as compared to FY23, rating agency Icra said on Friday. The medium and heavy commercial vehicle (trucks) volumes are expected to […]
Toyota Kirloskar Motor aims to expand its used car business across key cities, as per a senior company official. The automaker on Friday inaugurated its first company-owned Toyota Used Car Outlet (TUCO) in New Delhi under brand name Toyota U-Trust. “With the Indian used car market projected to grow at a CAGR of 8 per […]
Tata Motors on Friday launched the Altroz Racer, the latest addition to its premium hatchback lineup.The Altroz Racer, designed with race car-inspired aesthetics, has an introductory price of Rs 9.49 lakh. Tata Motors also said that the Altroz is the first hatchback in India to earn the prestigious 5 Star Global NCAP Safety rating. Expanding […]
India’s leading automaker Maruti Suzuki on Wednesday announced the ‘Dream Series Limited Edition’ models for Alto K10 VXI+, S-Presso VXI+, and Celerio LXI. These limited edition models will be available only in June 2024. These variants will offer model-specific enhancements designed to enhance safety and utility features. The Dream Series edition of the three models […]
In a webinar presented by The Economic Times in collaboration with Epicor, Vishal Raj Saini, Country Head – India and Indian Subcontinent at Epicor Software, was joined by Ashish Sinha, Head Operational Excellence India Operations of Autoliv India and Parna Ghosh, CIO at Minda Industries, CIO, Uno Minda Group, to deliberate on the topic: ‘Implementing […]
Brakes India on Wednesday announced its plans to develop and manufacture advanced braking products for the domestic light vehicle market in a 51:49 joint venture partnership with Japanese AISIN Group company ADVICS at an investment of Rs 500 crore over the next three years. The joint venture entity will focus on developing these products in […]
Heavy commercial vehicle manufacturer Ashok Leyland has launched the ‘Sarathi Suraksha’ Policy aimed at safeguarding the driver community, which insurance coverage of up to Rs 10 lakh.The policy, classified as an ‘Unnamed GPA (Group Personal Accident) policy’ covers any driver operating an Ashok Leyland vehicle, providing comprehensive protection for the drivers. The comprehensive insurance policy […]
Tata Motors on Tuesday said its board has approved to set up a wholly-owned subsidiary to house commercial vehicles business. The company has proposed the name of the new unit as TML Commercial Vehicles Ltd (TMLCVL). The entity is proposed to be a wholly-owned subsidiary of the company, Tata Motors said in a regulatory filing. […]
Honda Motorcycle and Scooter India (HMSI) on Monday reported a 45 per cent year-on-year jump in domestic wholesales at 4,50,589 units in May. The company had dispatched 3,11,144 units to its dealers in May 2023. Exports increased to 41,458 units last month from 18,249 units in May 2023, Honda Motorcycle & Scooter India (HMSI) said […]
German premium car maker Volkswagen India on Monday said it will offer six airbags across all variants of its 5-Star Global NCAP (GNCAP) safety-rated Taigun and Virtus models. Since the introduction of the India 2.0 product portfolio, the company said it is continuously enhancing its product offerings and has expanded its variant line-up, keeping in […]
Bajaj Auto on Monday said its total sales remained flat at 3,55,323 units in May. The Pune-based automaker sold 3,55,148 vehicles in May 2023, the company said in a regulatory filing. Total domestic sales (including commercial vehicles) declined 1 per cent to 2,25,087 units last month compared to 2,28,401 units sold in May 2023. Total […]
Automobile sales slowed down in May as a combination of factors such as heatwaves, election-related uncertainties and a high base led to a decline in dispatches from the manufacturers to the dealers over the year-ago period, said executives at manufacturers that released the monthly sales figures on Saturday.Automobile manufacturers in India count dispatches to dealers […]
The proposed demerger of existing automotive business into two listed entities will help the commercial vehicle vertical become more agile and capitalise on the opportunities available globally, according to Tata Motors Executive Director Girish Wagh. In march this year, Tata Motors announced the demerger of its commercial and passenger vehicle segments into two separate listed […]
Tyres manufactured in India are succeeding in testing international conditions and are being accepted by global customers, said Apollo Tyres managing director Neeraj Kanwar.“Tyres being produced in India are going to the rest of the world. They are going to Germany on the high-end autobahn and they’re now in the US. They are all over […]
Maruti Suzuki India on Saturday reported 2 per cent year-on-year dip in total wholesales at 1,74,551 units in May 2024. The company had dispatched a total of 1,78,083 units to its dealers in the same month last year, Maruti Suzuki India (MSI) said in a statement. Total domestic passenger vehicle sales rose marginally to 1,44,002 […]
In a first for the bank, State Bank of India, the country’s largest lender, is set to link the commission it pays to car dealers, for sourcing loans, to sales as opposed to the current practice of paying them a fixed percentage as a commission, according to a bank’s internal circular, assessed by ET. The […]
Mumbai: After delivering strong results across the segments in the year that ended in March, Tata Motors business units’ next phase of growth will encompass focussing on market beating growth, improving margins, and enhancing customer experience in the current year, N Chandrasekaran, chairman Tata Motors, wrote in a letter to the shareholders in the company’s […]
Ford CEO Jim Farley wants the industry to stop viewing hybrid vehicles as only an interim solution to be used until drivers are comfortable going fully electric. “We should stop talking about it as transitional technology,” Farley said of hybrids at a Bernstein analyst conference on Thursday. Plug-in hybrids, which include a small battery that […]
Porsche has introduced the 2025 Porsche 911 Facelift globally, focusing on the Carrera and GTS trims. The update brings subtle exterior design changes and new cabin features, but the significant update is the introduction of hybrid technology in the powertrain. Porsche 911 Hybrid Launch Date and Price The new 911 Carrera (both coupe and Cabriolet) […]
Carmakers expect to face a record stockpile of 400,000 vehicles worth ₹44,000 crore by this month-end as demand cools in India after a 3-year run of scorching sales. With car despatches to dealers outpacing demand, passenger vehicle registrations, taken as a proxy for retail sales, are also expected to fall by 5% in May from […]
New Delhi: Car sales in the local market rose 1.3% to 335,629 units last month, and automakers attributed the tepid pace of growth to tapering off of the post-pandemic pent-up demand that sustained for the last two financial years. Though the growth rate moderated in April, it was the fourth consecutive month when sales volume […]
The country’s largest carmaker Maruti Suzuki Tuesday said it is looking to strengthen its service network in line with an increase in sales over the next few years. The company, which Tuesday announced the opening of its 5,000th service touchpoint in the country, is looking at doubling capacity to 4 million units per annum by […]
TVS Motor Company Ltd on Wednesday said it has started its operations in Italy with plans to introduce a range of both conventional as well as electric scooters and motorcycles. The company is expanding its operations in Italy via its branch office, TVS Motor Italia, headed by Giovanni Notarbartolo di Furnari, TVS Motor Co said […]
Cheap but efficient Chinese electric vehicles (EVs) have sent a scare in the US and Europe. Many have predicted doomsday scenarios. The Alliance for American Manufacturing has said that government subsidized Chinese EVs “could end up being an extinction-level event for the U.S. auto sector”. Earlier this year, Tesla CEO Elon Musk told industry analysts […]
May 23, 2024, 03:39:15 PM IST 1/5 Driving tests shift to private centres From June 1, 2024, individuals can now take driving tests at private driving training centres instead of government RTOs. These centres will be permitted to conduct tests and issue certificates for license eligibility. iStock The application process stays unchanged. Applicants can apply […]
May 23, 2024, 04:17:04 PM IST 1/5 Porsche Taycan involved in Pune accident Two young adults, Ashwini and Aneesh, were the victim of a fatal accident when a 17-year-old minor crashed his high-end car and ran over them. The driver, identified as the son of an affluent real estate developer Vishal Agarwal (50), was allegedly […]
India’s pre-owned cars sales market is expected to reach 1.09 crore units with value more than doubling to USD 73 billion by FY28, according to the latest Indian Blue Book (IBB) report. In FY23, the pre-owned cars sales in India stood at about 51 lakh units. The domestic used car industry was valued at USD […]
French automaker Citroen on Friday said it has roped in former India cricket captain Mahendra Singh Dhoni as its brand ambassador in India. Dhoni will mark his debut innings with Citroen in a campaign that will soon go live, the company said in a statement. “We believe that our association with one of India’s finest […]
As the number of rich people grows in India and the affluent are willing to loosen purse strings for luxury items, premium brands are flying off the shelves. A large number of foreign brands from FMCG to apparel to cars are making a beeline for India to tap an emerging luxury market. The latest is […]
Chennai: Hinduja Group flagship company Ashok Leyland has lined up 5-6 product launches this year in the light commercial vehicle segment, a top official said here on Friday. The city-based medium and heavy commercial vehicle maker has earmarked Rs 500 to Rs 700 crore as Capital Expenditure for this financial year, Managing Director and CEO […]
Alibaug, Maharashtra: Tata Motors-owned Jaguar Land Rover (JLR) plans to start assembling the flagship Range Rover model as well as the Range Rover Sport in India for the first time. They join other JLR cars that are already assembled at its Pune plant—the Range Rover Velar, Range Rover Evoque, Jaguar F-PACE and Discovery Sport. N […]
Hyundai Motor’s top three cars sold in rural India during January-April 2024 were all SUVs, nudging out small car Grand i10 from the podium for the first time, reflecting the growing aspiration and purchasing power of rural buyers in India. Its rivals Maruti Suzuki, Tata Motors and Honda, too, are seeing a spike in demand […]
Two and three-wheeler maker TVS Motor Company strengthening its product portfolio has launched ‘A Blaze of Black’ Dark edition of its popular motorcycle TVS Apache 160 RTR. The new range of TVS Apache RTR 160 series will be available for Rs 1,09,990 while TVS Apache RTR 160 4 Valve at Rs 1,19,990 (ex-showroom Tamil Nadu) […]
Mercedes-Benz India is eyeing double-digit sales growth this fiscal as demand remains strong, especially for high-end models, a senior company executive said on Wednesday. The company, which on Wednesday introduced luxury models — Maybach GLS 600 4MATIC SUV and AMG S 63 E Performance Edition 1 on Wednesday, had sold 18,123 units last fiscal. It […]
Auto market expert Hormazd Sorabjee highlights that while Mahindra’s newly launched 3XO has captured customer interest with its features and pricing, the company needs to focus on two factors if they wish to become market leader or beat Tata and Maruti. Hormzad said that the car maker must focus on improving service and reliability to […]
Kia India on Friday said it has tied up with Orix auto infrastructure services to introduce a new ownership experience programme. The company has inked a Memorandum of Understanding (MoU) with Orix ‘Kia Lease’. The initiative aims to enhance brand accessibility and offer customers another option to own Kia without any maintenance, insurance, or resale […]
Wheels India Ltd has reported a 64.3 per cent rise in its net profit for the January-March 2024 quarter at Rs 36.8 crore on the back of exports doing well, the company said. The Chennai-based manufacturer of wheels for trucks, agricultural tractors, passenger vehicles had registered a net profit of Rs 22.4 crore during the […]
India has sufficient tyre manufacturing capacity and imports should not be liberalised through FTAs by way of duty concessions, industry body Automotive Tyre Manufacturers’ Association said on Monday. The automotive tyres rank at the forefront of those sectors where domestic manufacturing capabilities can render imports unnecessary, Automotive Tyre Manufacturers’ Association (ATMA) has communicated to the […]
Hero MotoCorp and Harley-Davidson Inc are set to expand their partnership to bring more models of the iconic US motorcycle maker to India, riding on the overwhelming response to the X-440, multiple people aware of the negotiations told ET.The two companies are close to finalising an agreement to broaden their existing partnership, which is limited […]
In a remarkable feat, an Indian auto enthusiast has modified a Honda Civic into a Lamborghini Terzo Millennio electric concept car, surprising the internet and impressing car lovers worldwide. The car’s video, shared Gujrati YouTuber Tanna Dhaval, has gone viral on social media. From Honda Civic to Lamborghini Terzo MillennioTanna Dhaval revealed that the ambitious […]
Tata Motors group has raised its investment outlay for FY25 to Rs 43,000 crore for new products and technologies, with its British arm Jaguar Land Rover absorbing the maximum share, according to a senior company official. In FY24, Tata Motors group had given a guidance of 3 billion pound investment for Jaguar Land Rover (about […]
Surgery and off-road driving are so similar,” says Dr Vani Parmar, 62, who recently retired as professor of breast surgical oncology from the Tata Memorial Centre, Khargar, Mumbai. “Both fields require precision, quick reaction times and an ability to handle challenging situations.” A mammoplasty may be slightly different from a slushy drive for some, but […]
India’s fourth-largest auto company, M&M, is shifting into a higher gear and pressing down on accelerator. It plans to fuel its business growth with an ambitious capital infusion plan. It will inject Rs 37,000 crore into its business, across different segments, over the next three years. A bigger part of this money will go into […]
After a delay of nearly seven years, lenders of Amtek Auto’s listed subsidiary Metalysts Forgings are likely to recover part of their dues, as the bankruptcy court has approved the company’s acquisition. The Mumbai bench of the National Company Law Tribunal (NCLT) has given its nod to Metalyst Forgings’ acquisition by Deccan Value Investors LP-led […]
New Delhi: In a relief to automakers, sales of entry-level twowheelers — mostly bought by rural consumers — rose in strong double digits in the second half of FY24, underscoring a recovery in demand in this key consumer segment for the first time since the pandemic. The trend continued in April, driven by an improvement […]
Mahindra Group has announced a massive investment plan of Rs 37,000 crore over the next three years, with a significant portion dedicated to the auto sector. Anish Shah, the Managing Director and CEO, revealed that the company aims to introduce 23 new vehicles by 2030. This ambitious plan includes the launch of nine internal combustion […]
Mahindra & Mahindra Ltd on Wednesday announced that its recently launched compact SUV, the XUV 3XO received over 50,000 bookings within the first 60 minutes. “The Mahindra XUV 3XO has captured the imagination of customers nationwide, with over 27,000 bookings recorded within the first 10 minutes alone, demonstrating incredible enthusiasm for Mahindra’s new SUV,” the […]
Two-wheeler makers Royal Enfield, Bajaj Auto and Hero MotoCorp posted record revenue from sales of branded, genuine parts – like brake pads, headlights and speedometer – accessories and merchandise in FY24. At their post-earnings investor calls, company executives attributed this to the market for such items becoming more organised and buyers giving preference to branded […]
The average Indian in 2024 might prefer to buy a tank-sized automotive beauty with all the frills over a smaller car. However, what the desis seem to be rejecting, are turning out to be the backbone of India’s car exports. The SUV breeze has affected the sales of smaller cars and sedans in India over […]
Car sales in the local market rose 1.3% to 335,629 units last month. Automakers attributed the tepid pace of growth to tapering off of the post-pandemic pent-up demand that sustained for the last two financial years. A high base due to the strong growth in the last two years weighed on the year-on-year comparison, resulting […]
NEW DELHI: Hyundai Motor India on Monday said it has commenced local assembly of its compact SUV Venue in Nepal in collaboration with Laxmi Group. The plant, the first automotive assembly facility in Nepal, has an annual installed capacity of 5,000 units. “Hyundai Venue will be the first locally assembled model to roll off the […]
New Delhi: Japanese auto major Suzuki Motor Corp expects car sales in India to grow 2% in the ongoing financial year and its local subsidiary, Maruti Suzuki, to perform better than the market, helping it recover lost market share in the country. India is a bright spot for the Japanese auto giant, accounting for as […]
utomakers are using advanced glass coatings to keep vehicle cabins cool, alleviating the air-conditioning load as summer sweeps India, sending temperatures past 45°C in some cities. The push comes as vehicle sizes, glass surface areas and thermal loads grow with the shift toward larger vehicles such as SUVs and electric models requiring increased battery pack […]
Farm and construction equipment manufacturer Escorts Kubota Ltd plans to invest up to Rs 4,500 crore over the next three to four years to set up a new manufacturing plant, according to its whole-time director and CFO Bharat Madan. The company is currently in talks with the Rajasthan government for a site at Ghiloth, where […]
Maruti Suzuki India expects its CNG car sales to rise over 30 per cent to around 6 lakh units this fiscal, according to a senior company official. The country’s largest carmaker also aims to export around 3 lakh units in the ongoing financial year. “So CNG, this year, we did about 4,50,000 (units) in passenger […]
Tata Motors, India’s largest automaker by revenue, trumped Street expectations with amore than threefold surge in net profit in the March quarter propelled by strong performances across its three business verticals. The parent of British luxury carmaker Jaguar Land Rover Automotive Plc reported a net profit of Rs 17,528 crore in the three months ended […]
MG Motor India has introduced the 100-year Special Edition variants of its well-liked models, Comet, Astor, Hector, and ZS EV in India. Although the models retain their specifications, features, dimensions, and performance, they receive some design modifications like the addition of an ‘Evergreen’ exterior with a starry black finished roof and dark elements throughout. The […]
Six airbags, a host of safety features and a brand new Z series engine that promises 24KMPL mileage are among a series of offerings that Maruti Suzuki is promising in the brand new Swift, to woo India’s SUV lovers. Will they succeed in getting Swift ply on the Indian roads? We find out…
May 10, 2024, 09:23:33 AM IST 1/6 Maruti launches new Swift: Pricing Maruti Suzuki has introduced the fourth-generation Swift, known as the “Epic” new Swift 2024, in India, starting at a base price of Rs 6.49 lakh and reaching up to Rs 9.64 lakh (ex-showroom Delhi). This launch includes the option for customers to subscribe […]
Two-wheeler sales in India will surpass pre-Covid peak either this fiscal year or the next, Sudarshan Venu, managing director at TVS Motor Company, said, indicating a broad-based revival in the economy where demand for entry-level two-wheelers have been languishing in the last few years due to a sharp rise in acquisition costs and the pandemic’s […]
Maruti Suzuki today launched its much awaited new Epic Swift 2024, its fourth-generation avatar in India today at Rs 6.49 lakh (ex-showroom). At the launch event, the company said that the new model of the Swift was designed and developed with an investment of Rs 1,450 crore. The new Swift will also be available at […]
Car sharing platform Zoomcar is confident for substantial growth fuelled by its recent partnerships which further are aimed at fleet expansion. Zoomcar has said that it is on track to expand its fleet substantially, targeting the addition of over 5000 cars by the end of FY24 and over 20,000 cars by the end of FY25. […]
Uncertainty around the ongoing elections in India could hurt automakers’ sales in May despite rising consumer interest for new model launches, a dealers’ body said on Wednesday. The world’s most populous nation began voting on April 19 in a massive general election where Prime Minister Narendra Modi is seeking a rare third straight term. “Election […]
The country’s favorite car is now from Tata, not Maruti. In a significant shift in the Indian automotive sector, Tata’s ‘mini SUV’ Punch has taken the lead as the best-selling model in the nation, surpassing some of Maruti’s well-known models such as WagonR, Swift, and Brezza, TOI said in a report on Tuesday.In March 2024, […]
VST Zetor Private Ltd, the joint venture between VST Tillers Tractors Ltd and HTC Investments, on Monday announced the launch of three “best-in-class” tractors in the higher horse-power range. In a statement, the company said, the three new tractors launched in the range of 41 to 50 HP are VST Zetor 4211, VST Zetor 4511, […]
New Delhi: Registered automobile dealers can claim input tax credit (ITC) on cars that are used for demonstration to potential customers, commonly known as demo cars, the West Bengal bench of the GST Authority for Advance Ruling (AAR) has ruled. Landmark Cars East Pvt Ltd, an authorised agent of Mercedes Benz, had filed an application […]
Luxury car makers such as Mercedes-Benz, BMW and Audi are set to launch several new sport-utility vehicle models over the next three months, hoping to further deepen their foothold in this growing segment fuelled by evolving lifestyle trends and changing preferences of India’s affluent buyers. Such premium vehicles priced at more than Rs 50 lakh […]
Chennai: Ashok Leyland, the Hinduja Group flagship, will roll out six new light commercial vehicles (2-3.5 tonne) in the next 12 months as part of a plan to increase its LCV market share to 25% from 20% now, a top official said. “This year, we have six versions of the Dost lined up. We will […]
Domestic automobile majors Mahindra & Mahindra and Tata Motors have received a record number of patent approvals for a wide spectrum of product and process innovations in the last financial year. Mahindra & Mahindra (M&M) received 674 approvals, its best-ever annual performance, while Tata Motors also witnessed the grant of 333 patents during the 2023-24 […]
German automaker Volkswagen has inaugurated a new store in the city under its expansion drive in the state, strengthening its retail presence in the country. With the setting up of a new outlet at Ambattur in the city, the total network for the automobile major stands at 26 sales and 20 service facilities in Tamil […]
New Delhi: Global auto companies are increasingly leveraging India as an export hub with Honda even shipping cars to its home market Japan and Suzuki set to follow suit later this year, driven by a growing base of quality suppliers in the local market that’s helping them manufacture vehicles at a competitive cost in the […]
Bajaj Auto will launch India’s first ever CNG-powered motorcycle on June 18, 2024. Rajiv Bajaj, Managing Director of Bajaj Auto, announced the launch date earlier today during the launch event of Pulsar NS400Z. With The two-wheeler maker plans to disrupt the entry-level motorcycle market with the CNG bike. The bi-fuel motorcycles, priced at a premium, […]
French carmaker Citroen, which has had limited success with the models launched in India so far, is hoping to turn around its fortunes in the country with the Basalt – a mid-size coupe SUV that would go on sale in the second half of this year. The latest offering from the Stellantis group firm captures […]
French automaker Citroen expects India to become its second biggest market after home country in the next five years, for which it will accelerate network expansion besides introducing new products, company global CEO Thierry Koskas said on Thursday. The company will be incorporating learnings from the past few years of its presence in India to […]
New Delhi: Commercial vehicle maker Ashok Leyland on Thursday reported a 10 per cent increase in total wholesales at 14,271 units in April as compared to 12,974 units in the same month last year. Domestic sales increased 9 per cent to 13,446 units last month as compared to 12,366 units in April 2023, Ashok Leyland […]
New Delhi, Maruti Suzuki India expects a revival of the small car segment in the domestic market by 2026-end or 2027, after suffering from affordability issues and onslaught from SUVs, according to a senior company official. The small car segment, which had once dominated the Indian total passenger vehicles market, accounts for less than 30 […]
Toyota Kirloskar Motor on Wednesday said its wholesales increased 32 per cent year on year to 20,494 units in April. The automaker had dispatched 15,510 units to its dealers in April 2023. The growth momentum was sustained despite a week-long maintenance shutdown from April 6 for upkeep of machinery and equipment to sustain operational efficiencies, […]
The increasing popularity of SUVs in the country has made Mahindra & Mahindra one of the biggest gainers in the Indian automotive sector.Just a few years ago, M&M faced challenges with only the previous-generation Scorpio as its flagship product. However, it has since managed to reverse its fortunes and become the top revenue earner in […]
Mahindra & Mahindra launched its highly anticipated model, the Mahindra XUV 3XO, on April 29. The facelift version of the popular Mahindra XUV 300 will rival the likes of Maruti Suzuki Brezza, Tata Nexon, Hyundai Venue, Kia Sonet, and the upcoming Skoda sub-4 metre SUV. Mahindra has launched the SUV at an attractive price starting […]
Mahindra & Mahindra Ltd on Monday said it wants to be among the top two players in the compact SUV section in the next three years. At the unveiling of its compact SUV here on Monday, M&M Executive Director and CEO for auto and farm director Rajesh Jejurikar also said that the company anticipates growth […]
In what is expected to be significant boost for the govt’s efforts to speed up scrappage of old vehicles, as many as 21 states and UTs have announced some major concessions for car buyers who choose to scrap their cars, ToI reported on April 29.Under this offer, there will be a concession in motor vehicle […]
Mahindra & Mahindra is gearing up to launch the much-anticipated Mahindra XUV 3XO, a compact SUV and facelifted version of the popular XUV 300, in the Indian market tomorrow, April 29, 2024. The new model promises exciting updates in design, features, and safety enhancements. Here’s a sneak peek at what to expect from the latest […]
India’s rapidly growing auto market is poised to hit a milestone, with projections indicating it will reach USD 300 billion by 2026. This growth is fueled by various factors, including rising income levels, urbanization, and a burgeoning middle class with increasing purchasing power.In March 2024, the Indian auto industry produced a total of 2,325,959 units, […]
Maruti Suzuki India disclosed its quarter four results for FY 2023-24, indicating a notable rise in net profit by 47.8 per cent to Rs 3,877.8 crore compared to Rs 2,623.6 crore in the same period last fiscal year.The annual sales volume of the Maruti Suzuki has also surpassed the 2 million units. The company has […]
Japanese auto giant Suzuki is working on smaller hybrid cars that will offer much better mileage than the current cars, revealed Maruti Suzuki Chairman RC Bhargava.While speaking to reporters post the announcement of Maruti’s Q4 earnings on Friday, Bhargava said that the costs of today’s technology which goes into the Toyota hybrids is still quite […]
New Delhi: Hero Electric scooter company Hero Electric has approached the Punjab and Haryana High Court seeking relief from recovery of subsidies availed under the government’s flagship scheme to promote electric mobility.The move comes in the backdrop of the Centre considering measures to recover money from three companies who allegedly availed sops wrongfully under the […]
Hyundai Motor Group’s Indian operations have been “pivotal” in driving growth at the Korean automotive conglomerate since the pandemic despite recessionary conditions worldwide, Euisin Chung, the group’s executive chair said on Thursday.He said the group is working on expanding annual capacity in India across Hyundai and Kia brands by more than a third to 1.5 […]
Mumbai: Sales of large utility vehicles such as SUVs and MPVs, which meet the government’s definition of ‘popular SUVs’, advanced at a faster clip—27% in FY24 ahead of a 25% growth in in the compact SUV segment, according to analysis of data compiled by the Society of Indian Automobile Manufacturers (Siam).While compact SUV models–defined as […]