German automaker Audi on Thursday said it will hike prices of its model range in India by up to 2 per cent from June, in order to offset the impact of rising input and transportation costs. The price hike will be effective from June 01, 2024, the automaker said in a statement. “Rising input costs […]
Auto parts maker ASK Automotive on Wednesday said it has entered into a joint venture pact with Japanese auto components supplier AISIN Group Companies in the passenger vehicle space. As part of the collaboration, the two partners will market and sell the auto components in “independent after markets for passenger car production”, ASK Automotive said […]
German automaker Volkswagen has expanded its SUV lineup in India with the launch of two new variants of the popular Taigun model. According to a statement by the company, the new variants, namely the Taigun GT Line and Taigun GT Plus Sport, aim to provide Indian buyers with a more dynamic driving experience.Pricing and FeaturesThe […]
Used popularly in rural India, the Mahindra Bolero Neo in the Global NCAP tests achieved only one star in child and adult safety ratings. The tested model comes equipped with two airbags as standard and has secured low ratings on multiple fronts, including structure, footwell area, chest protection and more.The Bolero NEO secured 20.26 points […]
The Bombay High Court has quashed a circular issued by Maharashtra’s transport commissioner imposing certain conditions while deciding on applications for registration of vehicles under the BH series. A division bench of Justices Girish Kulkarni and Firdosh Pooniwalla, in its judgment on April 12, said the circular was issued “without any authority and, hence, flawed […]
French carmaker Citroen has engaged cricketing legend Mahendra Singh Dhoni as its brand ambassador in India, according to people aware of the development, as the Stellantis Group company seeks to improve brand awareness and find a firm footing in a market where it’s a relatively new entrant.Dhoni is likely to endorse the brand for two […]
Engineering conglomerate Escorts Kubota on Monday announced a forthcoming increase in the prices of their tractor range starting May 1, 2024. The company’s agri-machinery division is set to implement these price adjustments, which will vary across different models, variants, and regions. However, the specific percentage of the price hike has not been disclosed. Currently, the […]
Two-wheeler major Hero Motocorp on Sunday said it has opened an assembly facility in Nepal in partnership with its distributor CG Motors. The facility will have a capacity of 75,000 units per annum and will bring new investments and create job opportunities in the region, Hero MotoCorp said in a statement. Four products – – […]
NEW DELHI: Hyundai Motor India expects sales contribution from rural areas to remain at record levels in the current fiscal as well on account of various factors including anticipation of a favourable monsoon, according to a senior company executive. The country’s second-largest automaker, which sells models like Creta and Venue, reported 11 per cent growth […]
NEW DELHI: Nissan Motor India on Thursday said it is voluntarily recalling Magnite units produced between November 2020 and December 2023 for a retrofit of front door handle sensors. The company did not share the number of affected units. This proactive and mandatory preventive action impacts the base XE and mid XL variants only, with […]
Talbros Automotive Components on Thursday said its joint venture firm has secured a multi-year contract valued at around Rs 1,000 crore from a European original equipment manufacturer (OEM). The order is to be executed over a period of next eight years commencing from the fourth quarter of this fiscal, the company said in a regulatory […]
Tata Motors is planning to manufacture Jaguar Land Rover (JLR) luxury cars at a $1 billion plant that it is planning to build in the southern state of Tamil Nadu, two sources with direct knowledge of the plans said. Tata Motors announced plans to invest in a new plant in Tamil Nadu in March but […]
Honda Motorcycle & Scooter India (HMSI) on Thursday inaugurated a new engine assmebly line with capacity of manufacturing 60 engines daily at its Global Resource Factory situated in Manesar, Haryana with focus on CKD (Completely Knocked Down) exports. “The new assembly line is equipped to produce engines for models ranging from 1100cc to 300cc, catering […]
Bajaj Auto is aiming to achieve its target of producing 10,000 units of its Triumph motorcycles each month by September, a company executive said on Thursday. “I would pin that in the first half (of fiscal 2025),” Dinesh Thapar, Bajaj Auto’s financial chief, said in a post-earnings call when asked about the goal’s trajectory. “Consider […]
Ramkrishna Forgings has signed an agreement to supply power train components to USA’s largest electric passenger vehicle producer, the company said in a stock exchange filing on Thursday. This deal signals the company’s debut in US’ electric vehicle market. This landmark approval signifies the company’s position into the electric passenger vehicle segment with a strong […]
MG Motor India is driving towards tier III and IV cities of the country with plans to establish 100 new touchpoints by the end of the ongoing fiscal year as part of its strategy to fuel the next phase of growth, a senior company official said on Wednesday. With JSW Group coming in as an […]
JLR’s full year sales rose by over 20 per cent year-on-year, the company said in a statement on April 8. The rise in sales numbers reflects improved production and sustained demand, the company said. Wholesale volumes at 110,190 units in the fourth quarter (excluding the Chery Jaguar LandRover China JV) were up 16% over the […]
Maruti Suzuki has applied for Bharat New Car Assessment Programme (Bharat-NCAP) safety ratings for some of its vehicles, a senior government official has said. Last year, Tata Motors’ SUVs Safari and Harrier became the first recipients of the safety rating for adult and child occupant protection as per Bharat-NCAP. The SUVs were given 5-star rating. […]
The highly-anticipated 2024 Maruti Suzuki Swift is set to make its debut in India in May, bringing with it a host of upgrades from the previous model. The refreshed version of the Swift has already been launched in other markets, boasting a new look and improved features. While the global model has undergone significant changes, […]
Maruti Suzuki on Wednesday announced steep price hikes for Maruti Swift and some variant of Grand Vitara, amid rising commodity prices which India’s largest carmaker perhaps wants to pass on to customers. Maruti raised prices of Swift by up to Rs 25,000 and Grand Vitara Sigma variant by Rs 19,000, the company said in a […]
Automobile exports from India declined 5.5 per cent in FY24 due to the monetary crisis in various overseas markets, according to the latest data shared by industry body SIAM. Overall exports stood at 45,00,492 units in the last fiscal compared to 47,61,299 units in FY23. Commenting on the drop in overseas shipments last fiscal, SIAM […]
On the streets of Kolkata and surrounding areas, e-rickshaws, popularly known as ‘toto’, are set to be powered by lithium-ion batteries with the rolling out of a battery leasing model, officials said on Sunday. Neuron Energy, a lithium-ion battery maker, has joined hands with Urja Mobility to spearhead the leasing model which has so far […]
Jaguar Land Rover (JLR), owned by Tata Motors, reported that its FY24 retail sales saw a 81 per cent surge in retail sales in India, reaching 4,436 units. This growth, the company says, is one of its strongest performances since its entry into the Indian market in 2009, marking its highest in the past five […]
New Delhi: Distribution and finance options across the small towns and cities of India are likely to determine the outcome of a fierce battle about to break out between legacy and new-age OEMs in the electric scooter segment. The battle is in the making after Ather Energy announced the launch of Rizta, a family scooter, […]
Passenger vehicle wholesales in India reached a new high of 42,18,746 units in the financial year 2023-24, marking an 8.4 percent increase from the previous year, driven by strong demand for utility vehicles, according to the Society of Indian Automobile Manufacturers (SIAM). In the fiscal year 2022-23, overall passenger vehicle dispatches were recorded at 38,90,114 […]
Sales of passenger vehicles in the local market increased by 8.4% to its highest-ever mark at 4.22 million units in the financial year concluded March 31, 2024 powered by better supplies and sustained consumer demand. Two-wheeler sales too recovered, growing by over 13% to 17.9 million units in the year under review. However, overall volumes […]
Tata Motors on Wednesday reported 8 per cent rise in total global wholesales at 3,77,432 units in the fourth quarter ended March 31, 2024 as compared to the same period a year ago. Global wholesales of Tata Motors passenger vehicles, including electric vehicles, in Q4 FY24 were at 1,55,651 units, higher by 15 per cent […]
German luxury carmaker Mercedes-Benz on Thursday reported its highest-ever retail sales in a financial year in India in 2023-24, driven by strong demand for its SUV range. The company sold 18,123 units last fiscal, a growth of 10 per cent over 16,497 units in the 2022-23 fiscal. “We achieved the best-ever month, highest-ever quarter and […]
Maruti Suzuki, the country’s largest carmaker, on Wednesday raised prices of its hatchback Swift and select variants of its sport-utility vehicle model, Grand Vitara. Prices of the Swift have been increased by up to Rs 25,000 while only the Sigma variant of the Grand Vitara got an increase of Rs 19,000, the company said in […]
New Delhi, Auto components maker Uno Minda on Wednesday said it has commenced construction work on a passenger vehicle alloy-wheel plant in Haryana, entailing an investment of Rs 542 crore. The facility is located at IMT Kharkhoda in Haryana, and it will have a production capacity of 1.2 lakh wheels per month. The plant, with […]
Toyota Motor Corp’s Indian subsidiary is embarking on the most aggressive sales expansion plan in its more than 25-year-old presence in the country. This will see the maker of Fortuner and Innova Hycross models establish a footprint in India’s smaller cities with select re-badged versions of comparatively affordable car models from Maruti Suzuki (India) as […]
New Delhi, Maruti Suzuki India on Tuesday said it has expanded the production capacity of its Manesar facility by one lakh units per annum. The auto major has added a vehicle assembly line to the existing Plant-A of the three manufacturing plants functioning at Manesar, in Haryana. “The new vehicle assembly line has the capability […]
Vehicle registrations – a proxy for retail sales – went up by a modest 3% last month to 2.13 million units due to subdued demand during the inauspicious period of holastak ahead of Holi, as per data collated by industry body Federation of Automobile Dealers Association (FADA). While passenger vehicle and commercial vehicle retails declined […]
New Delhi: BMW Group India on Monday reported its highest-ever first quarter car sales at 3,680 units in the three months to March 2024. The company sales rose 51 per cent in the first quarter of this fiscal as compared to 2,440 units in the January-March quarter of 2022-23. Besides, BMW Motorrad sales stood at […]
China’s SAIC Motor Corp Ltd said its unit MG Motor India Pvt Ltd plans to introduce investors including JSW Ventures Singapore Pte Ltd, through an equity transfer and by increasing share capital. As part of the deal, JSW Ventures, a unit of JSW International Tradecorp Pte Ltd，will buy an aggregate 35% stake in MG Motor […]
On the back of record exports last fiscal, Maruti Suzuki India is confident of its overseas shipments crossing 3 lakh units in FY25 as part of gradual scaling up to meet the target of up to 8 lakh units by 2030, according to a senior company official. The company plans to launch more models in […]
Maruti Suzuki is offering huge discounts on various models this month. With the start of new financial year (FY25), the auto major has announced substantial discounts of up to Rs 1.5 lakh on its Nexa range, including on Baleno, Fronx, and Jimny. These discounts are available in various forms such as cash discounts, exchange bonuses, […]
The triumphs of India’s commercial vehicle industry were celebrated at the prestigious 15th Apollo CV Awards 2024. Ashish Bhatia writes why the Mahindra Bolero MaXX Pik-Up HD and the Force Urbania, crowned ‘CV Of The Year’, epitomise a commitment to transformation and profitability tailored for India’s unique demands. The much-awaited milestone 15th Apollo CV Awards […]
New Delhi: Sports utility vehicles (SUVs) are wildly popular in India, with the segment now accounting for every second car sold. But going by the official definition of an SUV, such vehicles account for only about a 10th of the total sales volume. That’s because just a third of the 47 models with SUV branding […]
Leading Indian automaker Mahindra & Mahindra on Thursday unveiled the name of its new sports utility vehicle (SUV) offering ‘XUV 3XO’. The vehicle, pronounced ‘3-ex-Oh’, will be launched on April 29, the company said in a press release. “It seamlessly integrates thrilling performance, cutting-edge technology, unmissable design, and unparalleled safety to cater to the aspirations […]
Bajaj Auto, the third-largest motorcycle maker by sales, said it will disrupt the entry level domestic motorcycle market with the launch of the world’s first compressed natural gas (CNG)-run motorcycle, which it claims will halve the monthly fuel expense. Bajaj Auto is hoping this will shake up market leader Hero MotoCorp’s dominance in the entry-level […]
Two-wheeler maker Hero MotoCorp has received tax demand notice from the Income Tax Department for Rs 308.65 crore and interest thereon for Rs 296.22 crore for six assessment years, the company said in a stock exchange filing on Thursday. The assessment orders and demand notices are for six assessment years including FY14, FY15, FY16, FY17, […]
Small cars may stage a comeback by 2026 as the income of customers at the entry level rises and scooter and motorcycle owners start upgrading, Maruti Suzuki chairman RC Bhargava told ET in an interview. He dismissed the argument that two-wheeler and first-time car buyers have become aspirational and are leapfrogging to mid-sized cars and […]
India has become the second country for Suzuki Motor Corporation to cross cumulative production of 3 crore units, reaching the milestone even faster than it achieved in its home nation, the Japanese carmaker said on Wednesday. The company’s subsidiary, Maruti Suzuki India, has achieved accumulated automobile production of 3 crore units in India by the […]
Improved road infrastructure and attractive pricing of liquefied natural gas is catalysing energy companies and auto majors to gear up to serve the long-haul LNG trucking segment. To cater to these medium and heavy commercial vehicles, oil marketing companies are planning to expand the compressed natural gas dispensing infrastructure in their fuel retail outlets to […]
The National Company Law Appellate Tribunal on Tuesday dismissed a plea by Sundaram Brake Linings, challenging a cease and desist order passed against the company by the fair trade regulator CCI. NCLAT upheld orders passed by the Competition Commission of India (CCI), and said there was a “meeting of mind” with other parties, which were […]
Car sales in the local market in the last financial year grew by nearly 9% to a record 4.23 million units amid improved supplies and sustained customer demand, cementing India’s position as the third largest market for passenger vehicles in the world. Around 370,000 cars, sedans and utility vehicles were sold last month, compared to […]
Maruti Suzuki India on Monday reported a 10 per cent rise in total sales at 1,87,196 units in March this year as compared to 1,70,071 units in the same month last year. In the year 2023-24, the company crossed an annual total sales milestone of 20 lakh units with highest-ever yearly domestic sales of 1,793,644 […]
Motorcycle and scooter sales in India likely grew in double-digits in the financial year 2023-24, crossing pre-Covid levels, buoyed by sustained revival in demand in both urban and rural markets. Industry estimates show domestic two-wheeler sales rose about 13% to 18.4-18.5 million units in FY24. Petrol-powered models comprised more than 95% of the total sales […]
NEW DELHI: Luxury car sales in India could cross the milestone of 50,000 units for the first time in a year in 2024 amid growing demand for such models, according to Audi India head Balbir Singh Dhillon. The overall domestic luxury car segment grew by 28 per cent annually last year to record sales volume […]
Mumbai: Carmakers in India are increasingly navigating a mix of powertrain technologies from petrol to hybrids to electric, driven by policy initiatives, tougher emission norms and changing customer preferences, among others. Automakers said alternative fuel technologies such as electric, hybrids, compressed natural gas (CNG), biogas and flex fuel need to coexist with traditional fuel options […]
German auto parts maker Schaeffler on Friday said its board has approved the re-appointment of Harsha Kadam as the Managing Director (MD) and CEO of its India arm for a period of three years, effective from October 1, 2024. Kadam, who joined Schaeffler India in 2018, was appointed as the MD and CEO of the […]
Force Motors said on Friday it will close its agricultural tractors business and related activities from March 31. The closure of business is part of the company’s product rationalisation programme under which it will focus on its core segments such as shared mobility transportation, last mile mobility and the creation of special vehicles for civil […]
New Delhi: Kia India on Friday said it is planning to have around 700 sales and service touchpoints in 300 cities by the end of the year. The automaker, which sells models like Seltos and Sonet, has 522 such touchpoints across 236 cities. The company said it is focussed on strengthening its presence in Tier-1 […]
NEW DELHI: The Madras HC has stayed a GST demand of about Rs 80 crore on salary paid by Hyundai Motors to seconded employees. The company had challenged the December 23, 2023 tax demand notice from the GST authorities, which had considered the entire salary amount paid to seconded employees as taxable. Secondment, a common […]
Automaker Toyota Kirloskar Motor on Thursday said it plans to increase prices of select vehicles up to 1 per cent from April 1 citing rising input costs and operational expenditures. In a statement, the company said it is planning to increase prices of certain grades of its specific models effective April, 1 2024. “With an […]
Made-in-India car exports are set to touch pre-Covid levels, despite global uncertainty, amid an increase in demand for models such as the Hyundai Creta, Maruti Suzuki Grand Vitara, Kia Seltos and Mahindra XUV700 from customers in Australia, Latin America and Southeast Asia. According to industry estimates, Indian carmakers are set to ship more than 675,000 […]
Chennai, The Renault Nissan Alliance, a joint venture between automakers Japan-based Nissan and France headquartered Renault would launch four new products in the near future, a top official said here on Wednesday. Renault Nissan Alliance Chairperson Jean-Dominique Senard said India is at the heart of the alliance and every part of car manufacturing happens at […]
(This story originally appeared in on Mar 27, 2024) ETAuto With the fresh supplementary chargesheet, the total number of accused in the case has touched 156. The Enforcement Directorate (ED) has filed a supplementary prosecution complaint (equivalent to a chargesheet) in the misappropriation of funds by Bhushan Steel and Bhushan Energy involving its former promoters, […]
Japanese auto major Nissan Motor Co Ltd plans to launch three all-new models in India by fiscal year 2026 and make the country a hub for exports under its new global business plan to drive value and strengthen competitiveness, according to a company statement. Under the new plan, which is split into mid-term imperatives for […]
Not content with unseating Tesla as the world’s top-selling electric car maker, BYD has now set its sights on stealing customers from the likes of Toyota Motor and Volkswagen in one of the most aggressive rounds of discounting seen in China’s bruising price war. The automaker is currently discounting almost every electric and hybrid car […]
After enduring delays in car deliveries due to production shortages and rapid growth during the Covid period, customers are now poised to benefit from a resurgence in the automotive market. The new financial year is expected to bring forth attractive discounts and offers, marking a shift from the era of frequent price hikes. Industry experts […]
Minda Corporation Limited, the flagship company of Spark Minda, Friday said it has rolled out one million two-wheeler smart keyless system. The smart keyless system has been designed & developed at the Smart Minda Technical Centre. Ashok Minda, Group Chief Executive Officer at Spark Minda, said, “As a technology-driven brand, Spark Minda continually pushes boundaries […]
An analysis by Care Edge Ratings shows that the demand for vehicles powered by traditional fuels is progressively shifting towards those that utilise alternative fuels. The share of petrol vehicle sales, as a percentage of total vehicle sales, has recorded a significant decline, decreasing from 86 percent in 2020 to 76 percent in 2023 while […]
Maruti Suzuki India on Friday recalled over 16,000 units of its two top selling car models due to a defect in its fuel pump motor. The country’s top carmaker said it would recall 11,851 units of Baleno and 4,190 units of WagonR models, manufactured between July and November 20l9. “It is suspected that there is […]
Automobile manufacturer Renault Nissan Automotive India Pvt Ltd on Friday said it has received Platinum category recognition for its efforts on water conservation from internationally accredited body DQS. Germany-headquartered DQS is an internationally accredited ISO certification agency specialising in audits, assessments and training across the globe. The firm conducted a rigorous audit at RNAIPL factory […]
New Delhi: India’s car industry is on track for a record-breaking year, with sales expected to touch about 4.23 million vehicles, buoyed by a double-digit sales surge this month. The robust performance would cement India’s position as the world’s third-largest passenger vehicle market, staying ahead of Japan for the second year in a row. As […]
Auto components maker Uno Minda on Friday said it has tied up with Starcharge Energy to manufacture and sell electric vehicle supply equipment in the country. The company has entered into a technical license agreement with Starcharge Energy Pte for wall-mounted AC chargers designed for home charging. “This collaboration further strengthens our dedication to ‘Make […]
Rapid growth in the highway network, along with an increase in the spending power of consumers, is pushing up sales of vehicles in India, German automaker Volkswagen’s executive director, international sales, Michael Mayer, told ET. The company, he said, is invested in bringing more premium vehicles to strengthen its presence in this market. India has […]
New Delhi: Kia India on Thursday said it will increase prices of its range of vehicles by up to 3 per cent from April 1, 2024. The decision is attributed to the escalation in commodity prices and supply chain-related inputs, the automaker, which sells models like Seltos, Sonet and Carens, said in a statement. It […]
JSW Group, MG Motor India announce joint venture; aim to create 'New Energy Vehicle Maruti moment'
Mumbai: Two- and three-wheeler maker TVS Motor Co has appointed two new independent directors, subject to approval of shareholders. The two new board members are Chennai-based Sanmar Group’s chairman Vijay Sankar, and Shailesh Haribhakti of Shailesh Haribhakti & Associates, the company said in a press release. Meanwhile, Kuok Meng Xiong will step down as independent […]
India’s decision to temporarily lower import duty on electric vehicles priced upwards of $35,000 to 15% for carmakers investing at least $500 million on domestic manufacturing “might help accelerate localisation of premium electric cars” and drive demand, a top Audi executive said. The policy “shows that the government seems to be very committed to sustainability, […]
German automaker Audi plans to roll out over 20 new models by the end of 2025 across markets, Audi AG CEO Gernot Dollner said on Tuesday. The company also plans to electrify all core segments by 2027. The automaker has also lined up a capex of EUR 41 billion for the period between 2024-2028. Audi […]
Prime Minister Narendra Modi on Tuesday inaugurated India’s first automobile in-plant railway siding project of Maruti Suzuki India at its plant in Hansalpur, Gujarat. During his Gujarat trip, Modi also laid the foundation stone for railway projects worth ₹85,000 crore, including the launch of 10 new Vande Bharat trains. Maruti Suzuki is looking to increasingly […]
New Delhi, Auto components maker, Rane Group on Monday announced a top management change with L Ganesh set to retire as Chairman from the operating entities of all group firms effective March 31, 2024. Subsequently, Harish Lakshman will take over as Chairman of the group from April 1, 2024, Rane Group said in a statement. […]
Passenger vehicle sales in India reached a new high for February last month amid better supplies and strong consumer demand, making it the fourteenth straight month of best monthly sales, data from industry body Society of Indian Automobile Manufacturers (Siam) showed. Two-wheeler sales zoomed 35% on year, but fell short of the monthly record set […]
Many auto OEMs in India proudly claim that they operate with only a few hours’ worth of component inventory. Not only is component inventory minimal, but finished goods (FG) inventory also tends to be low among auto OEMs. This is a significant achievement that most industries have not attained. Minimal inventory allows for a rapid […]
Automobile giant Tata Motors and the Tamil Nadu Government have signed a Memorandum of Understanding (MoU) to build a vehicle manufacturing facility with an investment of Rs 9,000 crore over the next five years, the company said in an exchange filing on Wednesday. The agreement further bolsters employment generation in the state with a dedicated […]
Kia EV6 GT Line is a fully electric crossover SUV that’s both a beauty and a beast. With a low center of gravity and 19″ alloy wheels, this car provides more stability and the feeling of a race car. It can be charged up to 80% in 18 minutes with a 350kw charger or about […]
The Indian government has given the green light to a new electric vehicle scheme with tax relief aimed at positioning India as a prime manufacturing hub. This comes at a time when the Asian nation seeks to attract foreign money for local production from the likes of Tesla. India plans to lower import taxes on […]
New Delhi: India on Friday approved the electric vehicles (EV) policy mandating a minimum investment of Rs 4,150 crore or around $500 million. and allowing investors three years to set up local manufacturing for EVs with domestic value addition (DVA) of 25% by the third year and 50% by the fifth year. “The policy is […]
French automaker Citroen is revamping its strategy to boost its sluggish car sales in India. A relatively new entrant to the Indian car market, Citroen plans to upgrade its entire portfolio, expand sales and service network by over threefold, and launch a new vehicle over the next one year, Aditya Jairaj, managing director and CEO, […]
French automaker Citroen on Thursday said it plans to scale up the sales network in India to over 200 outlets by the end of this year, a three-fold jump from its existing touchpoints. The addition of new dealerships, across urban, semi-urban, and rural markets will significantly increase the company’s footprint from its existing 58 outlets […]
Tata Motors on Wednesday said it will build a cutting-edge vehicle manufacturing facility in Ranipet, Tamil Nadu, at an investment of ₹9,000 crore. The Tata group company signed a memorandum of understanding (MoU) with the Tamil Nadu government to establish the facility, its second plant in southern India. The unit is expected to generate about […]
Tata Motors has signed an MoU with the TN government to establish a cutting-edge vehicle manufacturing facility for an investment of Rs. 9000 crores that will generate around 5000 jobs, TN Industries Minister TRB Rajaa said on Wednesday in a post on X (formerly Twitter). Tamil Nadu CM MK Stalin and senior officials of Tata […]
Electric car sales in India fell to their lowest level in five months in February even as companies took steep price cuts, indicating it would take more than just a lower acquisition cost to nudge buyers to shift to EVs in India where automakers are committing billions of dollars for the switch to electric mobility. […]
The country’s leading carmaker Maruti Suzuki is looking at transporting more vehicles it makes via railways to cut down costs and reduce emissions in line with the government’s push towards clean mobile solutions. The company, along with joint-venture partners, has invested over Rs 1081 crore to commission the country’s first in-plant railway siding at its […]
Korean auto major Hyundai said it will continue to make strategic investments towards increasing production capacity, setting up new manufacturing units, introducing new products and technologies to strengthen its presence in the Indian market. Unsoo Kim, Managing Director, Hyundai Motor India, said, India is a “focal” market for the company. “As we look forward to […]
New Delhi: The country’s car industry has for the second time revised upwards its growth projections for this fiscal to more than 8%, nearly twice the rate projected at the start of the year. Passenger vehicle sales in the local market are expected to grow by 8.1-8.2% to 4.23 million units in FY24, buoyed by […]
The country’s car industry has for the second time revised upwards its growth projections for this fiscal to more than 8%, nearly twice the rate projected at the start of the year. Passenger vehicle sales in the local market are expected to grow by 8.1-8.2% to 4.23 million units in FY24, buoyed by better-than-expected economic […]
MG Motor India is set to achieve accelerated growth with the support of JSW Group as an investor, according to CEO Emeritus Rajeev Chaba. The company has already established a strong foundation in technology, customer experience, gender diversity, and community service. Now, MG Motor India is looking forward to the next phase of growth, reported […]
Tata Motors’ Sanand Plant in Gujarat, India, celebrated a significant milestone, reaching the production landmark of 1 million cars. The plant, which was established around 14 years ago to manufacture small cars, has evolved into a key facility for producing electric vehicles (EVs) and factory-fitted compressed natural gas (CNG) cars. According to Shailesh Chandra, Managing […]
Honda Motorcycle & Scooter India (HMSI) on Friday said it is recalling certain units of its superbikes GL1800 Gold Wing and CBR1000RR to inspect and replace faulty fuel pumps. Honda GL1800 Gold Wing manufactured between December 2017 and December 2023 and CBR1000RR manufactured between September 2017 and April 2020 are affected, the two-wheeler major said […]
More women are taking the wheel of sport-utility vehicles, once considered the domain of men, contributing to the segment’s sales surge. The share of women SUV buyers has climbed 4.5 times from five years ago amid a growing preference for vehicles with high ground clearance and higher seating. It jumped from only 29,000 units in […]
Tata Motors will be hiking the prices of its commercial vehicles from April 1, 2024 to offset the residual impact of past input costs, the company said in a stock exchange intimation on Thursday. The prices will be hiked by 2 per cent, it said. “While the price increase will vary as per individual model […]
The domestic passenger vehicle (PV) market is estimated to grow by six to nine per cent in the current financial year over the preceding fiscal, according to ratings firm ICRA. In absolute terms, the PV industry will clock a sales figure of 4.2 million units in the current fiscal. The report said that dealer inventories […]
Vehicle registrations – a proxy for retail sales – increased in healthy double-digits by 13% to over two million units last month amid better supplies and sustained consumer demand across rural and urban markets. As many as 2,029,541 vehicles were sold last month, which is an increase of 13% over 1,794,866 units sold in February […]
Mumbai: Mahindra & Mahindra’s promoter group entity Prudential Management and Services Pvt Ltd (PMSL) has initiated a secondary sale of shares in the company as the “family is looking for liquidity for specific needs”, the automobile manufacturer said in a filing with the stock exchanges on Wednesday. The company made the filing as a clarification […]
Fuelled by rising disposable incomes, an influx of new sport-utility vehicles, and attractive loan rates, India’s car market is racing ahead. India’s passenger vehicle sales surged past 4 million units for the first-time ever in calendar year 2023. As per industry estimates, about 4.1 million passenger vehicles were sold in the last calendar year, an […]
Not only is the count of women CXOs negligible (less than 3%) across India’s top 11 automobile companies, but their salaries are also 11% lower than male counterparts, according to a Deloitte study exclusively shared with ET. These 11 automakers command more than 85% market share in the passenger vehicle, commercial vehicle and two-wheeler segments, […]
German carmaker Mercedes-Benz expects India to become its third biggest market in its ‘Region Overseas’ over the next 2-3 years with demand anticipated to remain strong for luxury products, according to a senior company executive. The Region Overseas for Mercedes Benz comprises 118 countries, excluding North America, Europe and China. India is the fifth largest […]
Maruti Suzuki India is gearing up for a strong SUV push with at least six out of ten new models planned for the next three years starting FY25 being sports utility vehicles (SUVs), reinforcing the Japanese carmaker’s strong intent to sharpen focus on the vehicle body type amid a rapid shift in buyer preference. The […]
The board of Tata Motors on Monday approved demerging the operations of the company’s business into two separate entities, i.e., commercial vehicles and passenger vehicle business, a move aimed at tapping synergies and delivering higher growth. All shareholders of Tata Motors would continue to hold the same identical shareholding in both the listed entities. “The […]
Maruti Suzuki India on Friday said it has reported a 15 per cent year-on-year increase in total wholesales at 1,97,471 units in February. The company had dispatched a total of 1,72,321 units in the same month last year, Maruti Suzuki India Ltd (MSIL) said in a statement. The total domestic passenger vehicle sales grew 9 […]
Indian used car market is expected to touch the USD 100 billion-mark in the next ten years on the back of rising disposable incomes and a growing middle class, according to CARS24 Co-Founder and CEO Vikram Chopra. As per the findings of the Gurugram-based online used car marketplace, there are changes in market dynamics with […]
MUMBAI: Luxury carmakers are increasingly rolling out models priced north of Rs 1 crore as the country’s growing ultra-high net worth (UHNW) population seeking discerning experiences snap up such supercars like never before. Carmakers such as Mercedes, BMW, Audi and Toyota rolled out eight new models with eight-figure price tags in 2023, taking the number […]
The electric two-wheeler (E2W) market in India saw a significant surge in registrations during February 2024, indicating a robust 24% year-on-year growth in high-speed scooters. According to data sourced from Vahan, this surge reflects the growing traction of electric vehicles in the country, with key players making strides in this evolving sector. In February, registrations […]
Sales of sport utility vehicles, motorcycles and scooters in the local market increased in healthy double digits in February, on the back of improved supplies and sustained consumer demand. Sales of commercial vehicles and tractors though remained muted, on a high base and amid a cyclical slowdown in demand. As per industry estimates, passenger vehicle […]
New Delhi, TVS Motor Company on Friday said its wholesales rose 33 per cent year-on-year to 3,68,424 units in February. The company had dispatched 2,76,150 units in February 2023. Total two-wheeler sales registered a growth of 34 per cent to 3,57,810 units last month from 2,67,026 units in February last year, the company said in […]
Indian auto industry is set to invest up to $7 billion, or about Rs 58,000 crore, by FY28 to deepen localisation of advanced components from electric motors to automatic transmissions to reduce imports and capitalise on multinationals’ ‘China Plus One’ sourcing strategy. Automakers and their suppliers are likely to make this investment between FY24 and […]
Mahindra has unveiled a new version of its popular SUV, the Thar. The new Mahindra Thar Earth Edition is inspired by the Thar Desert and features a unique Desert Fury satin matte paint scheme. Priced between Rs 15.40 lakh and Rs 17.60 lakh (ex-showroom), the Thar Earth Edition will be available in four variants of […]
Czech car maker Skoda Auto has kept a low profit ambition for India despite being in the market for more than 20 years even as the top five carmakers in the very same market, have had a profitable run – most recently, led by a sustained gain in volumes of pricier models. The Volkswagen Group […]
Czech carmaker Skoda Auto plans to enter the mass market of electric vehicles segment in India, for which it is exploring all options, including partnerships with local companies for economies of scale, company’s management board member Martin Jahn said on Wednesday. The company is gearing up to enter the electric vehicles segment in India this […]
As Skoda Auto India prepares to enter the high volume, competitive compact SUV market in H1 of 2025, the Czech carmaker is looking to tweak its product and go-to-market strategy, Petr Janeba, the company’s brand director, told ET. The upcoming model will play a crucial role in the Volkswagen Group brand’s target to cross the […]
Maruti Suzuki India on Tuesday said it has inked an initial pact with Union Bank of India for dealer financing solutions. The tie-up enhances the comprehensive inventory funding options for over 4,000 Maruti Suzuki sales outlets across the country, the auto major said in a statement. MSI (Maruti Suzuki India) Senior Executive Officer (Marketing & […]
Passenger vehicle makers in February are estimated to dispatch 360,000 units to their dealers, the highest ever for February in any year. Sustained demand, coupled with new model launches, is likely to notch up sales by 8% year-on-year, as per industry estimates. It would be the first time in seven years when February will see […]
Automaker TVS Motor Company on Monday announced that its best-selling TVS HLX line of two-wheelers has crossed the milestone of 3.5 million units in sales in international markets, and that it is launching the TVS HLX 150F, with added features, to mark the occasion. The company said it was expressing “its gratitude” to customers by […]
Mumbai: The ‘vroom-vroom’ of the auto engine has just got amplified by ‘views,’ ‘likes,’ and ‘notification chimes.’ The Indian passenger vehicle industry – which saw a historic 27% growth in FY23 with sales of 3.90 million vehicles, and growing since the pandemic – has floored the pedal by engaging numerous social media influencers to further […]
The growth of the domestic passenger vehicle industry is likely to moderate to less than 5 per cent in the next fiscal, according to Tata Motors Passenger Vehicles Managing Director Shailesh Chandra. The company, however, expects electric vehicle sales to keep growing despite the slow pace of charging infrastructure development in the country. “We had […]
Kia India announced on Friday that it is voluntarily recalling 4,358 units of a petrol variant of its mid-sized sports utility vehicle Seltos to replace the electronic oil pump controller. “Kia is recalling Smartstream G1.5 Petrol Seltos with IVT transmission, manufactured between February 28 and July 13, 2023,” the South Korean automaker said in a […]
Toyota Kirloskar Motor is recalling 269 units of its sports utility vehicle Toyota Land Cruiser 300 to reprogramme the automatic transmission ECU software. The company is recalling the model manufactured between February 12, 2021 and February 1, 2023, the automaker said in a statement. The recall, involving 269 units, aims to reprogram the automatic transmission […]
Toyota Kirloskar Auto Parts on Friday said it is now eligible to avail incentives under the production-linked incentive scheme for advanced automotive technology (AAT) products. The company, a part of Toyota Group of companies, has received the domestic value addition (DVA) certificate for the xEV Transaxle (e-Drive) under the PLI scheme for AAT products, Toyota […]
Tyre manufacturer Ceat has announced its sponsorship of certain segments of IPL matches, marking an investment of about Rs 240 crore over five years. The Board of Control for Cricket in India has selected Ceat as an official partner to sponsor certain segments of the IPL matches, with an aggregate spend of about Rs 240 […]
Auto component maker Sona BLW Precision Forgings (Sona Comstar) on Thursday said the company has received certification under the auto Production Linked Incentive (PLI) scheme. The company had filed seven applications for different products under the PLI scheme, and it has received the certification for its first product, a hub wheel drive motor for electric […]
Chennai, Automobile manufacturer Renault Nissan Automotive India Pvt Ltd has tapped 85 per cent of renewable energy for its operations at the factory near Chennai between July and December 2023, the company said on Thursday. The company is a joint venture between France based Renault and Japan-headquartered Nissan and has a manufacturing facility at Oragadam […]
Young, aspiring Indians are among customers driving volumes at Italian supercar maker Lamborghini, which posted record sales last year, global chief executive Stephan Winkelmann told ET. Its signature, wedge-shaped sports car is one of the fastest production vehicles available to the seriously wealthy and the marque is seeing demand not only from buyers in the […]
Maruti Suzuki India on Wednesday said the Directorate of Revenue Intelligence has initiated an inquiry against it over incorrect HSN (Harmonized System of Nomenclature) code of an imported component. In a regulatory filing, Maruti Suzuki India said it has received a communication regarding the inquiry from the Directorate of Revenue Intelligence (DRI), Hyderabad Zonal Unit, […]
Mumbai: BSA, the legendary British motorcycle brand, is set to make deeper inroads in the UK with Mahindra & Mahindra-owned Classic Legends, the brand’s new owner, gearing up to start building a new factory in the UK from the next financial year. These motorcycles will be produced in the UK for the domestic market and […]
Kia Sonet X-Line 2024: Top 10 Tech Features | TECH IN AUTO EP 2
Kolkata: The West Bengal Industrial Development Corporation (WBIDC) on Monday moved the Calcutta High Court, challenging an arbitration award to Tata Motors Ltd on account of loss of capital in investments made in the abandoned car manufacturing plant at Singur. The court of Justice Mousumi Bhattacharya, before which applications by WBIDC for a stay on […]
TVS Mobility on Monday said it has formed a joint venture with the Japanese conglomerate Mitsubishi Corporation to establish a comprehensive vehicle mobility ecosystem in India. As part of the collaboration, Mitsubishi Corporation will initially invest Rs 300 crore with both parties committed to support the growth of the joint venture. This investment is intended […]
Carmakers Tata Motors, MG Motor India and Mahindra & Mahindra are narrowing the price gap between their electric vehicles and petrol and diesel models amid softening battery prices, but luxury carmakers do not expect such price parity any time soon. That is mainly because luxury battery electric vehicles (BEVs) are mostly imported into India, attracting […]
The domestic two-wheeler industry is expected to witness a double-digit revenue growth next fiscal with demand for premium models anticipated to gain further momentum, according to Hero MotoCorp CEO Niranjan Gupta. The country’s largest two-wheeler maker, which reported a total income of Rs 10,031 crore in the October-December quarter this fiscal, also expects the entry […]
Indian automaker Mahindra & Mahindra has signed a supply agreement with Germany-based Volkswagen Group on components for M&M’s INGLO platform, the company said in a stock exchange filing on Friday. As a part of this agreement, M&M will equip certain range of its electric platform INGLO with electric components of Volkswagen’s MEB and unified cells, […]
E-scooter maker Ola Electric has cut the price of its S1 range of Ola Electric scooters by Rs 25,000, the company said on Friday. The revised prices will be effective in February only, Ola said. Price of the Ola S1 X+ has been cut from Rs 1.09 lakh to Rs 84,999. Price of Ola S1 […]
Uttar Pradesh recorded the highest number of vehicle sales in October-December 2023, followed by Maharashtra, Gujarat and Tamil Nadu, according to Society of Indian Automobile Manufacturers. As per data from Society of Indian Automobile Manufacturers (SIAM), Uttar Pradesh clocked a total sales of 8,22,472 units across passenger and commercial vehicles; and two and three-wheeler categories. […]
Bajaj Auto is gearing up to update its popular Pulsar lineup, and the rumour mill is already buzzing with excitement. The company has released cryptic teasers of the upcoming motorcycle, which seems to be the NS200 model. While specific details are still under wraps, the teaser hints at several new features and upgrades. From the […]
India Yamaha Motor is recalling around 3 lakh units of its 125 cc scooter models Ray ZR 125 Fi Hybrid and Fascino 125 Fi Hybrid to rectify faulty brake parts. The Japanese two-wheeler maker said it is recalling scooter units manufactured between January 1, 2022, to January 4, 2024, with immediate effect. Staying committed to […]
US electric automaker Tesla could soon set up shop in India, with the government close to finalising a policy to extend concessional import duties on electric cars exceeding Rs 30 lakh (about $36,000) for 2-3 years. The reduced import duties are likely to be offered in lieu of bank guarantees by Tesla for a proposed […]
ET Intelligence Group: The stock of Hero MotoCorp has lost nearly 3% in the three trading sessions since Friday when it declared its third-quarter results, following profit-booking and concerns over losses in the electric vehicle (EV) segment. However, factors such as incremental volume from the premium bike segment, strong product lineup, and improving demand for […]
Passenger vehicle makers reported record-breaking sales in January, which rose 14% from a year earlier to 393,074 units as dealers restocked inventories depleted during year-end sales promotions. As per data available with industry body Society of Indian Automobile Manufacturers (SIAM), passenger vehicle sales stood at 346,080 units in January 2023 and had previously peaked at […]
Annual revenue growth of leading auto component manufacturing companies will come down to 5-7 per cent in the next fiscal due to moderation in domestic volumes and a drop in exports, rating firm Icra said on Tuesday. According to Icra estimates, its sample of 45 auto ancillaries, with aggregate annual revenues of Rs 2.7 lakh […]
Overall auto retail market expanded 15 per cent in January on an annual basis, FADA data showed on Tuesday. While all segments posted a double-digit growth, commercial vehicles saw a 0.1 per cent growth and the auto body has warned of a demand taper in the final quarter of this financial year. Data from the […]
Muonio: The situation in the Red Sea is creating supply chain issues for German luxury carmaker Audi, impacting car deliveries to customers in India in the first quarter but recovery is expected in the coming months, according to a senior company official. With electrification on its primary agenda, the company is also evaluating the possibility […]
New Delhi: Tata Motors on Monday said it has tied up with the Leadership Group for Industry Transition (LeadIT), a global alliance launched by governments of Sweden and India at the UN Climate Action Summit in September 2019. As a member of LeadIT, the auto major will be able to harness the power of global […]
Sales of luxury vehicles are growing at a quick pace in India, so is the demand for loans to finance those purchases. Banks such as HDFC Bank, ICICI Bank, Bank of Baroda, Axis Bank and Kotak Mahindra Bank, as well as non-bank lenders and captive financiers of automakers like Mercedes-Benz and BMW are seeing a […]
Chennai: Heavy commercial vehicle maker Ashok Leyland has drawn up network expansion plans in the North and Eastern parts of the country, a top company official has said. The Hinduja Group flagship company was also gearing up to launch its electric light commercial vehicles (LCVs) within the next few months. Ashok Leyland in the first […]
Yamaha today introduced the FZ-X in Chrome color scheme. The FZ-X in Chrome color is available at aprice of INR 1,39,700 (Ex-showroom, Delhi). Along with the new FZ-X Chrome color variant that was announced by Yamaha today, the Metallic Black color variant will also be available from today at a price of INR 1,36,200 (Ex-showroom, […]
A dozen out of 14 new car brands slated for launch in the next financial year will be electric as carmakers align themselves to the government’s aim of having a third of sales powered by battery electric vehicles (BEVs) by 2030. However, the new nameplates are unlikely to become a major driver in boosting overall […]
India will become the number one automobile manufacturing hub in the world by 2029 and the country will be the third largest economy, road transport and highways minister Nitin Gadkari said on Friday. The government’s focus going forward will be to build a world-class road network, move to alternative fuels and bring down logistics costs […]
Maruti Suzuki India on Friday said its Multi-purpose Vehicle (MPV) Ertiga has crossed the 10 lakh sales milestone. “The Ertiga has redefined the concept of an MPV as a stylish and technologically advanced offering,” Maruti Suzuki India Senior Executive Officer, Marketing & Sales, Shashank Srivastava said in a statement. The model is a hit across […]
In a first in India, Tata Motors introduced the CNG AMT automatic variants for two of its popular models, the Tiago and Tigor. The Tiago CNG AMT will be available in three different variants, with prices ranging from Rs 7.90 lakh to Rs 8.80 lakh, while the Tigor iCNG will come in two variants, priced […]
Around 70 types and sizes of tyres, manufactured by more than one company, will come under the mandatory quality control norms from March next year. The Department for Promotion of Industry and Internal Trade (DPIIT) will soon notify these tyres, based on the recommendation of an inter-ministerial committee, officials said. The department will notify an […]
NEW DELHI: The Niti Aayog has proposed a host of fiscal and non-fiscal incentives, including extension of the production-linked incentive scheme to vehicles run on liquified natural gas and setting up a demand aggregator, to encourage use of LNG in medium and heavy commercial vehicles. This will help lower carbon dioxide emissions and contribute towards […]
NITI Aayog has proposed a host of fiscal and non-fiscal incentives, extension of the production linked incentive scheme to LNG-fueled vehicles and setting up a demand aggregator to encourage use of liquified natural gas (LNG) in medium and heavy commercial vehicles. This will help lower carbon dioxide emissions and contribute towards the national goal of […]
New Delhi: As many as 70 types and sizes of tyres that are manufactured by more than one company will come under the mandatory quality control norms from March next year, an official said. The official said as the norms would kick in from March 2025 both the industry and the associations will get a […]
Hinduja Group flagship company Ashok Leyland has commenced delivery of its intermediate and heavy duty electric trucks to its customers, the company said. The keys of 14T Boss Electric Truck were handed over to Billion E-Mobility at the inaugural edition of the Bharat Mobility Global Expo 2024 in New Delhi, the company said. “Ashok Leyland […]
VE Commercial Vehicles on Saturday announced its foray into the small commercial vehicle segment with the global unveiling of the first product at the Bharat Mobility Global Expo 2024. Eicher Trucks and Buses, a division of VE Commercial Vehicles (VECV), unveiled the range which spans from 2T to 3.5T GVW. The first product under the […]
Mumbai: South Korea’s Hyundai Motor Co is evaluating a plan to list its local unit to take advantage of India’s IPO boom, said people with knowledge of the matter. The move, which comes nearly three decades after Hyundai Motor India (HMIL) was launched, could be the country’s largest initial public offering if it comes to […]
New Delhi: TVS Motor Company on Saturday reiterated its commitment to invest Rs 5,000 crore towards design, development, and deployment of future technologies across products. “Our core is engineering and R&D, and this is driven by over 2,000 engineers backed by solid design and development capability. Our vision is to transform the quality of life […]
Automaker Force Motors plans to invest around Rs 2,000 crore in the next three to four years on various activities including sustainability drive and electric vehicle development, according to the company’s Managing Director Prasan Firodia. The company, which sells a range of commercial and utility vehicles, is looking to bring electric versions of its vans’ […]
As a thriving democracy, India should do more for contemporary art, as it’s critical and political, said Thomas Girst, global head of cultural engagement at BMW Group. He is in the country for ‘India Art Fair 2024’, in which the auto giant is the principal partner. In a conversation with ET’s Krishnaraj Singh Jasana, he […]
BMW plans to expand in India’s emerging electric car market, aiming to win over rich consumers in the world’s most-populous nation amid a growing emphasis on clean energy.The German automaker expects electric vehicles to account for 25% of its sales in the country by 2025, Vikram Pawah, president of the company’s India business said in […]
India has a new aspiring middle class of 250 million people who will fuel growth, also in the mobility sector, Prime Minister Narendra Modi said in his address at the inaugural edition of the Bharat Mobility Show, adding that automobile and auto component makers have a big role to play in realising their needs and […]
Two-wheeler maker Hero MotoCorp said on Thursday its vehicle sales rose 22 per cent to 4,33,598 units in January. In the year-ago period, the company’s vehicle sales stood at 3,56,690 units, Hero MotoCorp said. Domestic sales grew 20 per cent to 4,20,934 units in the previous month as against 3,49,437 units in FY23. In the […]
TVS Motor reported a 23 per cent increase in vehicle sales to to 339,513 units in January. The company had recorded total sales of 275,115 units in January last year, TVS Motor said in a statement. Sale of two-wheelers registered a growth of 25 per cent with sales increasing from 264,710 units in January 2023 […]
Budget 2024: Finance Minister while announcing the interim budget on Thursday said that the government will expand the electric vehicle ecosystem to support charging infra. Sitharaman added that e-buses for public transport networks will be encouraged. “Our Government will expand and strengthen the e-vehicle ecosystem by supporting manufacturing and charging infrastructure. Greater adoption of e-buses […]
New Delhi: Bajaj Auto is developing a portfolio of CNG motorcycles, and the first such bike will hit the market next fiscal under a new brand, Bajaj Auto Executive Director Rakesh Sharma said on Wednesday. The company wants the government to consider lowering GST on such CNG bikes — which will serve as a bridge […]
The country’s leading carmakers including Maruti Suzuki and Hyundai are off to a good start in the new year and are on way to post their best January sales riding on sustained consumer demand, especially for high-margin sports utility vehicles (SUVs).As per industry estimates, 375,000-376,000 hatchbacks, sedans and utility vehicles will be dispatched from factories […]
Around 28 vehicle original equipment manufacturers including Ashok Leyland, Ather Energy, Honda, Hyundai, and BMW would participate in the Bharat Mobility global exhibition that would begin Thursday. Prime Minister Narendra Modi will address the exhibition on February 2, a senior official said Tuesday.“There will be over 800 exhibitors from 50 countries highlighting cutting-edge technologies and […]
Toyota Motor sold a record 11.2 million vehicles in 2023, it said on Tuesday, taking the crown as the world’s top-selling automaker for a fourth straight year. The Japanese automaker reported a 7.2% jump in global group sales last year, including those of truck unit Hino Motors and small-car maker Daihatsu, helped by record overseas […]
New Delhi, The domestic auto component aftermarket is expected to touch USD 14 billion mark by 2028 on the back of robust growth in vehicle parc in the country, a report commissioned by industry body ACMA in partnership with Ernst & Young said. As per the Global Automotive Aftermarket Research Report, the size of the […]
Tyre maker CEAT Ltd is looking to cash in on the growth of passenger vehicles sales in India, which will boost demand in the replacement market going forward, according to the company Managing Director & CEO Arnab Banerjee. The company is also gearing up to enter the passenger vehicles (PV) and truck and bus radial […]
For the budget-conscious drivers who crave a touch of luxury and a dose of open-sky freedom, there’s good news on the automotive horizon.
Interim Budget Expectations: The government needs to continue with favourable policies to promote green mobility while also focussing on infrastructure development at a robust pace in the upcoming Budget, according to some leading firms in the automobile space. The Union government is all set to present the interim budget on February 1. “We expect capex […]
India’s enduring fascination for sport-utility vehicles (SUVs) is showing no signs of slowing down, fuelled by their practicality, spacious interiors, perceived safety, and an ever-expanding lineup of new models to entice buyers. About 16 passenger vehicle models crossed the 100,000-unit sales mark each in calendar year 2023. More than half of them were SUVs. Maruti […]
Delhi government, led by Aam Aadmi Party is likely to announce big news for car owners in the national capital as they are planning to offer a subsidy of up to Rs 50,000 in road tax on their new set of wheels with better emission standards, reported ToI. The revised draft for the scrapping policy […]
Maruti Suzuki India on Wednesday said its model Fronx has crossed the 1 lakh sales milestone in the domestic passenger vehicle segment in record time. The model has crossed the milestone in 10 months, setting a new industry benchmark, the car market leader said in a statement. Maruti Suzuki India (MSI) had introduced Fronx in […]
The Centre on Wednesday announced re-bidding under a PLI scheme for Advanced Chemistry Cells (ACC) to select bidders to set up mega battery manufacturing facilities of 10 GWh capacity with a budgetary outlay of Rs 3,620 crore. Documents for the global tender are available online from Wednesday. The bid due date is April 22, 2024 […]
With the interim budget just round the corner, Indian automaker Maruti Suzuki hopes government focus will continue on Production Linked Incentives (PLI) and the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) schemes. At a virtual interaction with media, Shashank Srivastava, Executive Director (Sales and Marketing), highlighted that even though the interim budget […]
Automotive battery maker Amara Raja Batteries Ltd on Wednesday said its first giga factory will start operating before the end of 2025. The company also said that giga factories require an integrated approach that marries high technology, large capex, giga scale factories with an ecosystem. In May last year, the company laid the foundation stone […]
New Delhi: Bajaj Auto Ltd on Wednesday said its Vice Chairman Madhur Bajaj has resigned due to health reasons. In a regulatory filing, Bajaj Auto said Madhur Bajaj has tendered his resignation from his position in the company with effect from the close of business hours on January 24, 2024. In his resignation letter, Bajaj […]
Sport-utility vehicles (SUVs), currently riding high in the local market, can now hitch a cheaper ride on Indian Railways. Automakers planning to ship these popular vehicles in a cost-friendly way cross country have received a boost from the railways, who unveiled a new, budget-friendly slab for mass SUV transportation. Wagons are also set to be […]
The Competition Commission of India (CCI) has given its approval for Sajjan Jindal-promoted JSW Group’s proposed acquisition of up to 38 per cent stake in MG Motor India. “The Acquirer is a newly incorporated entity and is not engaged in any activities as on date. It is a wholly owned subsidiary of JSW International Tradecorp […]
Some of India’s two-wheeler makers are revisiting the past. Encouraged by the electric-powered rebirth of the Bajaj Chetak – which has been a runaway success – and a thriving domestic electric two-wheeler market, two more iconic 70s brands are electrifying their yesteryear favourites. Kinetic is looking to address the needs of ‘Bharat’ (rural and semi-rural […]
New Delhi, Hero MotoCorp on Monday said it will set up a facility for assembling products in Nepal in partnership with CG Motors, its newly appointed distributor in the country. The facility will be located in Nawalpur district and have a capacity of 75,000 units per annum, the country’s largest two-wheeler maker said in a […]
New Delhi: India’s growing fascination with sunroofs has boggled carmakers, who are now offering the feature in half of all new cars on sale in the local market to meet this burgeoning consumer demand. Once considered a luxury feature, currently more than one out of every four cars sold in the local market is equipped […]
Indian auto maker Tata Motors on Sunday announced price hike across models including Electric Vehicles (EVs) effective from February 1, 2024. The company is set to increase prices by 0.7 per cent (on average) across its passenger vehicles portfolio to partially offset the rise in input costs. Notably, the Tata group company had announced a […]
As bulky SUVs fast-replace nimble hatchbacks on Indian roads, there are concerns over emissions and fuel efficiency that are majorly impacted by the car weight. However, carmakers are increasingly using lightweight materials such as high strength steels and aluminium alloys to make these monsters as light as they can. “Increase in weight of the car […]
Rolls-Royce, the British luxury carmaker, launched its Spectre electric vehicle in India on January 19 at a price of Rs 7.50 crore (ex-showroom). Amid an ongoing worldwide transition towards EVs, the Spectre EV is the first all-electric car launched by the company. Billed as a spiritual successor to the iconic Phantom, the Spectre is a […]
Tyre maker CEAT Ltd is foraying into steel radial tyres for two-wheelers with an aim to enhance its leadership position in the overall two-wheeler tyre segment and also to help premiumise the brand. The company, which on Friday launched its new premium range of two-wheeler steel radial tyres, is targetting both aftermarket and original equipment […]
Sales of ultra luxury car brands like Rolls-Royce are set to be on the growth path only in India with the economy expected to expand further enabling a new set of customers for such models, as per Select Cars CEO Yadur Kapur. Select Cars is the principal dealer of various luxury car brands in the […]
With the launch of new Creta on Tuesday, Hyundai Motor India’s COO, Tarun Garg shares how the SUV will continue to be the segment leader even with several new launches in the market. He also talks about the company’s EV strategy, expansion and export plans.
Mahindra & Mahindra expects to sustain growth momentum in the small commercial vehicles segment in the next fiscal, as it looks to keep refreshing the range as per customer needs, a senior company official said on Thursday. The company on Thursday introduced the new Supro Profit Truck Excel series, available in both diesel and CNG […]
Tata's Punch EV breaks cover: Here's all you need to know about the 10.99-lakh e-SUV
India’s top electric car maker Tata Motors is urging the government not to cut taxes on hybrid cars as they are more polluting than pure electrics, countering calls from Toyota for lower levies, according to three sources and a company letter. India is promoting electric vehicles (EV) as part of Prime Minister Narendra Modi’s drive […]
Indian automobile industry will have the highest contribution to the country’s rise as the third largest economy, Heavy Industries Minister Mahendra Nath Pandey said Tuesday. Speaking at the auto Production Linked Incentive (PLI) conclave in New Delhi, he said, “India is today the fifth largest economy in the world and soon India will be the […]
Hyundai Motor India expects sports utility vehicle sales to account for 65 per cent of its overall volumes in 2024, the company’s COO Tarun Garg said. The company, which currently gets around 60 per cent of its overall volumes from SUV sales, plans to invest Rs 7,000 crore on its second plant at Talegaon, according […]
Maruti Suzuki, Hyundai Motor, Tata Motors and Renault India posted the highest-ever share of sales from rural markets in calendar year 2023 amid improved consumer sentiments and better liquidity among the rural rich. However, inflationary pressures weighed on rural demand for fast-moving consumer goods and consumer durables. While the share of rural sales at Maruti […]