How much does mobile car cleaning in Bristol typically cost?
mobile car cleaning in Bristol When you’re considering having your vehicle professionally cleaned and cared for without going to a fixed location, many people ask how much does mobile car cleaning in Bristol typically cost. The price can vary quite…
Do hotels recommend Curacao jetski rental locations?
Do Hotels Recommend Curacao Jetski Rental Locations? Curacao is a tropical paradise, famous for its turquoise waters, vibrant beaches, and exciting water sports. Among these, jetskiing is one of the most popular activities for tourists looking to explore the island’s…
Royal Enfield announces price cut from September 22; New GST rates make iconic 350cc range more affordable
Royal Enfield on Tuesday announced that it will pass on the full benefit of the recent Goods and Services Tax (GST) rate reduction to customers across its motorcycles, service, apparel and accessories. The revised pricing will come into effect from…
GST bonanza set to make FY26 a record year for auto industry: TVS Motor official
Mumbai: Helped by the GST Council’s recent tax cut on internal combustion engine (ICE) vehicles, TVS Motor expects FY26 to be a record year for the two-wheeler industry, with festive demand and a strong product pipeline giving further tailwinds. The…
Automobile retail sales rise 2.8% amid festival demand and anticipated GST cuts
Retail sales of automobiles grew 2.8% on-year in August, supported by demand during the Onam and Ganesh Chaturthi festivals. Sales were however flat sequentially as many buyers deferred purchases, anticipating a drop in prices after the goods and services tax…
gst 2.0: GST rate cut: Your favourite car is cheaper now – Full list from Tata to Mercedes, Toyota to BMW – The Economic Times Video
Your car just got cheaper under GST 2.0. From Tata, Hyundai, and Mahindra to Toyota, Skoda, BMW, and Mercedes, brands have slashed prices across models. Savings start from a few tens of thousands and go up to ₹11 lakh on…
Hero MotoCorp appoints Harshavardhan Chitale as CEO
Hero MotoCorp on Monday announced the appointment of Harshavardhan Chitale as the Chief Executive Officer of the company. The company said that the office of the Acting Chief Executive Officer held by Vikram Kasbekar has been relinquished and he will…
GST cut: See revised prices of Maruti, Hyundai, Mahindra, Tata, Toyota, Skoda, Renault, BMW, Mercedes and other carmakers
The introduction of GST 2.0 has led to sharp reductions in car prices across India, ranging from entry-level hatchbacks to luxury SUVs. Buyers can now save between ₹65,000 and ₹8.9 lakh, depending on the model. Add as a Reliable and…
Two-wheeler sales volume to grow 5-6% this fiscal after GST cut boost: Crisil Ratings
Two-wheeler sales volume is expected to grow by 5-6 per cent in the current fiscal year, due to the Goods and Services Tax (GST) Council’s decision to rationalise tax rates, Crisil Ratings said in a report. The rating firm said…
Toyota price slash: Fortuner, Innova, Hyryder, Glanza and others get cheaper by up to Rs 3.5 lakh after GST rationalisation
Toyota Kirloskar Motor has reportedly announced major price cuts across its product portfolio, passing on the full benefits of the recent GST reduction to customers. The move comes just ahead of the festive season, making several popular Toyota models more…
Tata Motor to pass on tax cut benefits to customers
Homegrown auto major Tata Motors Friday said prices across its range of vehicles will come down by up to ₹1.55 lakh with company deciding to pass on the entire benefit of the GST reduction to customers with effect from Sep…
Car makers likely to see pent-up demand over next two months on tax rationalisation: Stellantis official
The car makers are expected to see a pent-up demand over the next two months, and the industry may perform better than projected earlier this fiscal due to GST rate rationalisation, which will make small cars cheaper, Stellantis India business…
Companies may fire up output by25% to feed festive frenzy
Car, two-wheeler and consumer electronics makers in India are increasing production by as much as 25%, anticipating that GST cuts on various products will trigger a surge in demand that will be sustained at least until Christmas. Small car makers…
GST rate cut on tyres to bring down vehicle operating and logistics costs: ATMA
New Delhi: Automotive Tyre Manufacturers’ Association on Thursday said the cut in GST rates on tyres will help bring down vehicle operating costs, which in turn reduces overall logistics expenses in the economy. Welcoming the GST Council’s decision to reduce…
Big engines, bigger taxes: GST 2.0 hikes duty on luxury cars to 40%
The Goods and Services Tax (GST) overhaul announced by Prime Minister Narendra Modi last month is now officially in force, bringing major changes to India’s automobile taxation. Small petrol and diesel cars are set to benefit from rate cuts, but…
Honda Elevate gets festive season updates with new interior and styling options; check price and details here
Honda Cars India Ltd. (HCIL) on Wednesday announced updates for Honda Elevate. The new updates include new colour options, enhanced exterior styling elements, and packages that aim to enhance the premium appeal for the festive season, the automaker said in…
Ceat expects Camso integration to boost its topline by 10-15%
Tyre maker Ceat on Tuesday said it expects the Camso brand integration with itself to give a 10-15 per cent boost to its topline. The Mumbai-headquartered firm reported revenue of Rs 13,218 crore for FY25. Last December, Ceat entered into…
Maruti Suzuki reports 6% y-o-y drop in August output
India’s biggest carmaker Maruti Suzuki posted a 6% decline year-on-year in car production last month, adjusting the company’s vehicle rollout to market demand. Maruti Suzuki rolled out 1,58,202 units from its production sites across India in August 2025, as compared…
Car sales stay in slow lane for 4th straight month
New Delhi: Passenger vehicle sales fell for the fourth straight month in August with carmakers controlling dispatches to dealerships ahead of the announcement of revised GST rates later this month. As per industry estimates, as many as 330,000 vehicles were…
Vintage car owners can now register vehicles in ‘vintage’ category under MoRTH rules
Vintage vehicle enthusiasts in Uttar Pradesh can now register their prized cars and bikes in the “vintage” category, with the state transport department starting the facility in line with the Ministry of Road Transport and Highways’ (MoRTH) 2021 notification. Officials…
HMSI seeks to gain market share through series of new model launches
Honda Motorcycle and Scooter India (HMSI) is seeking to increase its market share in the two-wheeler sector in the country through a series of new model launches, a company official said. The company has launched two new motorcycles in the…
Clarity on GST rates at the earliest to help regain sales momentum in festive season: Luxury carmakers
New Delhi: A clear picture regarding new GST rates at the earliest will help the overall auto industry, including the luxury car segment, to regain momentum in the ongoing quarter, which generally sees enhanced sales on account of the festive…
Royal Enfield calls for uniform 18% GST on two wheelers under new framework
Mid-size motorcycle maker Royal Enfield on Saturday called upon the government to consider a uniform GST rate for two-wheelers, including higher capacity bikes. According to various reports, the revised GST structure could bring down the tax incidence on smaller bikes…
China drought of rare earths to India in focus for Xi-Modi meet
Despite a warming of the China-India relationship, automakers in the South Asian country still facing a lack supply of heavy rare earth magnets — an issue they hope can be resolved when Prime Minister Narendra Modi meets President Xi Jinping…
Maharashtra tops PV sales in June qtr; overall segment crosses 10-lakh mark: SIAM
Around 10 lakh passenger vehicle units were sold in the country in the April-June quarter this fiscal, with Maharashtra leading the sales chart during the period, according to the data shared by industry body SIAM. In the April-June period, 10.12…
Tata Motors launches Winger Plus at Rs 20.60 lakh
Indian automaker Tata Motors launched a new commercial vehicle, 9-seater Tata Winger Plus at Rs 20.60 lakh ex-showroom price (New Delhi) on Friday. Along with personal USB charging points, individual AC vents and ample leg space, Winger Plus allows real-time…
Maruti Suzuki bets on GST cut to revive small car demand, cushion Trump tariffs
Maruti Suzuki, India’s largest carmaker, expects the proposed GST reforms to revive demand for small cars, supporting growth in the broader automotive market and helping cushion the impact of high US tariffs being felt in some other sectors of the…
Maruti Suzuki’s R C Bhargava hopes GST reform will revive small car sales
New Delhi, India needs to come together to deal with the 50 per cent punitive US tariffs on Indian products and stand up to any kind of bullying, Maruti Suzuki India Chairman R C Bhargava said on Thursday. Addressing shareholders…
Commercial vehicle volumes likely to grow by 3-5% this fiscal: Report
Commercial vehicle dispatches from companies to dealers are expected to witness a volume growth of 3-5 per cent year-on-year in the current fiscal, rating agency Icra said on Wednesday. Domestic commercial vehicle wholesale volumes reported a moderate 6.1 per cent…
Auto, electronics dealers pull plug on festive stock
Automobile and consumer electronics dealers are treading cautiously ahead of the crucial festive season as they await an imminent cut in Goods and Services Tax (GST) and product prices. The dealers are going slow on adding inventory to preserve working…
Auto parts firms consider offshore plants amid US tariffs
Auto parts makers in India are weighing options to diversify into other markets besides setting up plants overseas to navigate the effects of 50% tariff. Nearly half of India’s auto parts exports to the US will attract the new duty…
Piaggio Vehicles teams up with Hinduja Leyland Finance
Small commercial vehicle maker Piaggio Vehicles Pvt Ltd (PVPL) on Tuesday said it has collaborated with Hinduja Leyland Finance (HLF) for offering retail finance to its customers for vehicle purchase. The collaboration covers both internal combustion engine powered and electric-run…
Mahindra scouts for land parcel for new plant; looks to bolster service network
Mahindra & Mahindra is scouting for a land parcel to set up a greenfield manufacturing plant to ramp up production to cater to the domestic and export markets, according to a senior company executive. The Mumbai-based auto major has unveiled…
Two-wheeler segment to see 6-9% volume growth in FY26: Report
The domestic two-wheeler segment is expected to register a 6-9 per cent year-on-year volume growth in the current fiscal, rating firm Icra said on Monday. The growth is likely to be supported by steady replacement demand, recovery in urban consumption,…
Renault Kiger Facelift launched in India: Check its price and features
Renault has introduced the new Kiger in India, with prices starting from ₹6,29,995, according to information available on the company’s official website. This latest version of the 5-seater SUV features a fully revamped design, highlighted by a bold new front,…
Tyre industry likely to see 7-8% growth in FY26
The domestic tyre industry is likely to register a 7-8 per cent growth in the current fiscal on the back of replacement demand, according to people tracking the sector. JK Tyre & Industries MD Anshuman Singhania said the Indian tyre…
Tata Motors forays into Dominican Republic with commercial vehicles
New Delhi: Tata Motors on Wednesday said it has forayed into the Dominican Republic market through a strategic partnership with Equimax, its authorised distributor. The launch marks a significant milestone in the company’s global expansion strategy and introduces a tailored…
Tariff Shock: $7 bn India–US auto parts trade braces for big impact
The US’s new tariffs on Indian auto components are set to cause immediate disruption, with analysts and industry experts warning that 15-20% of India’s exports to its largest auto-parts market could be lost in the short term, ToI reported. The…
Passenger vehicle dispatches dip marginally in July on muted demand
Passenger vehicle dispatches from companies to dealers in the domestic market declined marginally year-on-year in July, hit by muted demand, industry body SIAM said on Thursday. Passenger vehicle dispatches declined to 3,40,772 units in July, compared to 3,41,510 units in…
Amid festivity, auto & electronics companies carry wait of GST on their shoulders
Manufacturers of passenger vehicles, television sets and other consumer products are worried consumers may hold off purchases over the next two months in wait for the proposed GST cuts to be put in place. Company executives said this could badly…
TVS expands electric 3-wheeler portfolio; drives in model to cater to cargo segment
TVS Motor Company on Thursday expanded its electric commercial vehicle range with the introduction of a three-wheeler for the cargo segment. The company had forayed into the electric three-wheeler segment earlier this year with the launch of the King EV…
Hero launches new Glamour X 125; check price category, specs, performance and more
Hero MotoCorp unveiled the all-new Glamour X 125, priced at Rs 89,999 (drum variant) and Rs 99,999 (disc variant), ex-showroom on Tuesday. Bookings are now open both online and at dealerships, with deliveries expected to roll out soon. No longer…
Tata Motors returns to South African car market after six years
India’s Tata Motors returned to South Africa’s passenger vehicles market after a six-year absence, launching three ranges of SUVs and an entry-level compact hatchback to take on Chinese competitors. Growing demand for budget-friendly cars is luring global automakers to offer…
Honda Launches Subsidiary for Retail Financing Services in India
Japanese auto major Honda Motor Co Ltd on Wednesday said it has set up a subsidiary in India to offer retail sales financing services, including loans and lease sales options, to customers. Honda Finance India Pvt Ltd will offer customers…
Govt aims to make India’s auto industry No.1 globally in next five years: Nitin Gadkari
The government’s aim is to make India’s automobile industry the number one in the world in the next five years, Union Minister Nitin Gadkari said on Tuesday. Launching a report prepared by The Express Industry Council of India (EICI) and…
Small cars may get cheaper by 8% if GST reduced from current rate: HSBC Report
The prices of small cars in India could see a reduction of about 8 per cent if the government decides to bring down the current Goods and Services Tax (GST) rate from 28 per cent to 18 per cent, according…
Big GST cut may rev up demand for small cars, hatchbacks likely to attract 18% tax against 28% now
NEW DELHI: The proposed goods and services tax (GST) recast could perk up the small passenger car market, which has been under pressure for some time amid a growing preference for larger vehicles such as SUVs.Small cars are likely to…
Maruti Suzuki chair calls India’s GST overhaul a ‘huge reform’, says cuts will boost competitiveness
India’s plan to overhaul its goods and services tax (GST) regime is being billed as the most sweeping reform since the levy was introduced in 2017. And for RC Bhargava, chairman of the country’s largest carmaker Maruti Suzuki, the proposed…
BMW India to hike prices by up to 3% from September 1
German luxury carmaker BMW on Thursday said it will hike prices of its vehicles across its range by up to 3% from September 1, 2025, citing the adverse impact of continued forex fluctuation and global supply chain dynamics. BMW currently…
Proposed GST rate tweaks on automobiles to end classification disputes
In upcoming sweeping reforms, the GST on automobiles – currently in the highest tax bracket – will be restructured to resolve classification disputes related to engine capacity and vehicle size, ultimately benefiting the common man, according to government sources.Presently, automobiles…
July auto sales in neutral, companies hope for festive acceleration
Domestic passenger vehicle sales stayed almost unchanged from the year earlier in July due to persistently slow consumer demand.Companies are cautiously optimistic that sales will recover during the coming festive season, starting with Onam later this month. As many as…
Mahindra BE 6 Batman Edition SUV launched in India at Rs 27.8 lakh. Check booking date, key features and more
Mahindra, in partnership with Warner Bros. Discovery Global Consumer Products, has launched the BE 6 Batman Edition — a limited-run electric SUV blending modern luxury with cinematic heritage, inspired by Christopher Nolan’s acclaimed The Dark Knight Trilogy.Priced at Rs 27.79…
M&M plans world tour on multi-energy SUV platform
Mumbai: Mahindra & Mahindra is plotting a calibrated push into key overseas markets, anchored by a new modular platform that will spawn its next generation of SUVs. The automaker will however continue to prioritise leadership in revenue market share over…
Mahindra introduces NU_IQ platform, unveils four new SUV design concepts
Mahindra & Mahindra Limited on Friday unveiled its all-new modular NU_IQ platform that will underpin a new range of disruptive SUVs. The company provided a glimpse of its next-generation products by showcasing four concepts based on the new platform. The…
Ashok Leyland results: Record sales volumes give CV maker a major net boost in June quarter
Commercial vehicle maker Ashok Leyland on Thursday reported a 19.44% rise in consolidated net profit to ₹657.72 crore for the first quarter ended June 30, 2025, driven by record sales volumes.The company had posted a consolidated net profit of ₹550.65…
Tata Motors’ balance sheet strength to offset demerger, acquisition risks: S&P Global Ratings
Tata Motors’ balance sheet strength will offset the impact of the demerger of its commercial vehicle business and risks associated with the proposed acquisition of Italian firm Iveco, S&P Global Ratings said on Thursday. The company’s credit profile is evolving…
Maruti Suzuki ties up with PNB to offer enhanced inventory funding solutions for dealers
Maruti Suzuki India on Wednesday said it has inked an initial pact with Punjab National Bank to offer enhanced inventory funding solutions for its dealer network across the country. Maruti Suzuki and Punjab National Bank have signed a Memorandum of…
Samvardhana Motherson sees no material impact from US tariffs
Samvardhana Motherson International Ltd (SAMIL) has said the recently announced US tariffs on imports from India don’t have a material impact on its operations. According to the company’s latest investor presentation, exports from India to the US stood at less…
Mercedes says top-end car portfolio continues to drive growth in volatile mkt
Mercedes-Benz India on Tuesday said its top-end model range continues to drive growth for the automaker amid a volatile business environment. In an interaction with PTI, Mercedes-Benz India MD and CEO Santosh Iyer said that the overall domestic luxury car…
Renault Kiger facelift to launch on August 24
Renault India released the first teaser of the facelifted Kiger and confirmed that the compact SUV will be launched on August 24. The car is getting its first major update since its debut in 2021. The teaser reveals a new…
M&M puts Finnish company Sampo on the block
Mumbai: Mahindra & Mahindra (M&M) has put Finnish combine harvester maker Sampo Rosenlew Oy on the block, people aware of the developments said, as India’s largest tractor manufacturer continues to sharpen focus on core businesses and redeploy capital from underperforming…
Stellantis to scale India operations with new Citroen and Jeep launches
Stellantis, one of the world’s top carmakers, will launch new petrol and electric models in India but has no plans to invest under the government’s revised EV incentive policy for local manufacturing, The Times of India reported. The company, which…
Maruti Suzuki raises bar on safety, unveils new advanced features for both NEXA and ARENA
As part of its commitment to safer mobility, Maruti Suzuki has introduced a series of advanced safety features across its vehicle portfolio under the newly unveiled NEXA Safety Shield and ARENA Safety Shield initiatives. The announcement coincides with the 10th…
Just a month old in Mahindra Group, Anish Shah had said ‘no’ to Anand Mahindra
Eleven years ago, just a month into his tenure at the Mahindra Group, Anish Shah said no to a proposal that his billionaire boss, Anand Mahindra, was planning to take to the board. Shah’s viewpoint prevailed, and the board ultimately…
Bosch gets over Rs 140 crore demand from customs authority for differential duty on oxygen sensors
Bosch Ltd on Thursday said it has received demand of over Rs 140 crore, along with interest, from the customs authority for differential duty on account of the interpretation of the classification of oxygen sensors. The company has received an…
India becoming key pillar to the China+1 strategy for global auto OEMs: EY-Parthenon
India is rapidly becoming a central pillar of the China+1 strategy adopted by global auto OEMs, as companies look to diversify their supply chains and reduce dependency on China, according to a joint report by EY and Parthenon. “India is…
No impact of rare earth magnets supply issue on production: Tata Motors Group CFO PB Balaji
Rare earth magnets shortage issue has had no impact on production of Tata Motors and JLR’s electric vehicles and is unlikely to affect in the foreseeable future, although there are a few challenges in the coming quarters, Tata Motors Group…
KTM Duke 160 in India? Bikemaker teases new street bike
KTM India on Thursday teased its its new motorcycle on social media. Though the company did not mention which model was in line for the release, it is widely expected to be the KTM 160 Duke. The post was captioned…
No U-turn yet, vehicle sales keep sliding
Total retail sales of passenger vehicles, two-wheelers, three-wheelers, tractors, and commercial vehicles in India fell 4.31% year-on-year in July to 1.96 million units, on a high base, and reflecting sluggish consumer demand. Retail sales of both passenger vehicles and two-wheelers…
Tata AutoComp to acquire Slovakia-based IAC Group
Auto components maker Tata AutoComp Systems on Thursday said it has signed a pact to fully acquire Slovakia-based IAC Group. The company, however, did not disclose the financial details of the transaction. The company, through its British subsidiary Artifex Interior…
Latest tariffs to impact half of auto component exports to US
President Donald Trump’s decision to raise tariff on imports from India to 50% is set to impact nearly half of the country’s $7-billion, or about ₹61,000-crore, annual auto parts exports to the US, senior industry executives said. The US was…
Your next car could cost more as price pressure grips India’s auto industry
Commodity prices are climbing again after a softer second half of FY25, prompting Indian auto companies to make small price hikes to cushion the impact. Analysts have warned of rising raw material costs, particularly steel, through the last quarter and…
Sunjay Kapur died of natural causes in UK: Coroner’s report shared by office of his wife
The death of industrialist Sunjay Kapur has been found to be due to natural causes as per the UK authorities, amid allegations of a foulplay by his mother Rani Kapur. Kapur, the former Chairman of auto components major Sona BLW…
Uncertainty over UK-India FTA timeline stalls sales in India’s Rs 2,000-crore ultra-luxury car market
Mumbai: India’s ultra-luxury car market, worth an estimated ₹2,000 crore annually, is facing uncertainty due to a lack of clarity on the timeline for rollout of the UK-India Free Trade Agreement (FTA). At stake are British marques such as Rolls-Royce,…
PB Balaji to take the wheel as JLR CEO — First Indian to lead iconic automaker
Mumbai: Tata Motors has appointed P.B. Balaji as the next Chief Executive Officer of Jaguar Land Rover (JLR), effective November 17, 2025, the company said in a notification to the stock exchanges. With this, Balaji becomes the first Indian to…
Car sales inch up in July after two-month slump; industry pins hopes on festive cheer
Domestic passenger vehicle sales rose about 1% in July, marking a slight recovery after two straight months of decline, amid persistently sluggish consumer demand. Companies are cautiously optimistic that sales will accelerate further during the coming festive season, starting with…
Mahindra & Mahindra acquires majority stake in SML Isuzu for Rs 555 cr
Mahindra & Mahindra (M&M) has acquired 58.96% controlling stake in SML Isuzu with a total investment of INR 555 crore. SML Isuzu Ltd. will be renamed to ‘SML Mahindra Limited’ after regulatory approvals. In April 2025, M&M entered into an…
Mahindra to pursue engineering actions to address rare earth magnet shortage issue: Group CFO
Mahindra & Mahindra plans to manage rare earth magnet supplies through alternative sourcing channels for the next nine months and will pursue ‘engineering efforts’ to address the raw material shortage situation amid growing product portfolio, according to a senior company…
Mahindra completes SML Isuzu buyout, restructures board and plans rebranding
Mumbai: Mahindra & Mahindra (M&M) has completed the acquisition of a 58.96% controlling stake in SML Isuzu from Japan’s Sumitomo Corporation and Isuzu Motors, taking it a step closer to its ambition of expanding further in the commercial vehicle space….
US tariff more biased against Indian automotive, tyre industries as compared to Asian peers: ICRA
New Delhi: The 25 per cent US tariff on Indian exports places domestic auto component industry and tyre makers in an unfavourable position as compared with Asian peers like Japan, Vietnam, and Indonesia, which face lower duties, rating firm Icra…
Auto companies to meet PLI goals a year earlier
New Delhi: The Central government expects beneficiaries of the production-linked incentive programme for automobiles and auto components (PLI-Auto) to achieve targets and exhaust the scheme funds in the fourth year itself. The government approved the scheme in September 2021 with…
Royal Enfield sales rise 31% in July 2025
Royal Enfield on Friday reported a 31% increase in total sales to 88,045 units in July, compared to 67,265 units in the same month a year ago. Domestic sales were at 76,254 units last month as against 61,208 units in…
Jaguar Land Rover says CEO Adrian Mardell to step down
The chief executive of Jaguar Land Rover, Adrian Mardell, will step down after more than three decades at the company, a spokesperson for the automaker said on Thursday. “Adrian Mardell has expressed his desire to retire from JLR after three…
Tata Motors seeks to expand revenues, access new technologies with $4.5 bln Iveco deal
Tata Motors’ record $4.5 billion offer to buy Iveco’s trucks and bus business will expand the commercial vehicle maker’s revenues beyond India and give it access to the Italian company’s future technologies including electrification. The all-cash deal marks the biggest…
Tata Motors’ Iveco takeover to fuel global CV ambitions but not without risks
MUMBAI: Tata Motors has agreed to acquire Italian commercial vehicle maker Iveco in what would become its largest-ever acquisition, surpassing the 2008 Jaguar Land Rover (JLR) deal. The acquisition of Iveco, Europe’s fourth-largest truck and bus maker maker, is widely…
Tata Motors set to acquire Italian truck maker Iveco for $4.5 billion in its biggest deal to date
Mumbai: Tata Motors is all set to buy Italian truck maker Iveco from its principal shareholder, the Agnelli family, for $4.5 billion (3.9 billion, making it the Tata Group’s second-largest acquisition after Corus and the largest ever for the automobile…
Proposal to drive LCVs into CAFE
The Bureau of Energy Efficiency has proposed to include small commercial vehicles with maximum weight not exceeding 3.5 tonne and commercial vehicles running on any fuel under the stricter fuel efficiency norms. This would bring commercial vehicles running on petrol…
Sona Comstar feud: Rani Kapur says don’t know what happened to son Sunjay Kapur, legal team to take charge now
A succession battle has broken out in the family of the late Sunjay Kapur, the promoter of Sona Comstar who died last month following a heart attack during a polo match. Rani Kapur, former Chairperson of Sona Comstar and mother…
Sona fires salvo, issues cease-&-desist notice to Rani Kapur
Sona BLW Precision Forgings (Sona Comstar) has cranked up the heat by issuing a cease-and-desist notice to Rani Kapur, mother of Sunjay Kapur, the former chairman of the company, to restrain her from spreading unlawful and defamatory information, said people…
Family Feud Erupts Over Sona Comstar Leadership Following Sunjay Kapur’s Death
ET Bureau Rani also claimed that she was compelled to sign various papers while in a fragile emotional state following her son’s death. A succession battle has broken out in the family of the late Sunjay Kapur, the promoter of…
Indian auto industry faces subdued FY26 growth amidst weak demand: Report
The Indian auto industry is expected to experience subdued growth in FY26, with most segments anticipating low to mid-single-digit growth, as revealed in a recent report by Motilal Oswal. Motilal Oswal report believes that the Indian Automobile industry is likely…
Sona BLW Precision holds AGM despite Rani Kapur’s objection and questions on son Sunjay’s ‘suspicious’ death
Auto components major Sona BLW Precision Forgings (Sona Comstar) went ahead with its Annual General Meeting (AGM) on Friday despite a written appeal from Rani Kapur, the mother of late Chairman Sunjay Kapur, to defer the meeting. In a letter…
FADA seeks RBI intervention against private banks delaying rate cut transmission to auto buyers
The Federation of Automobile Dealers Associations has sought the Reserve Bank of India’s intervention against alleged delays by private banks in transmission of the interest rate cuts to automobile buyers. In a letter to RBI Governor Sanjay Malhotra, the Federation…
Sona Comstar appoints Sunjay Kapur’s wife Priya Sachdev as non-executive director
Shareholders of auto components maker Sona BLW Precision Forgings Ltd have approved the appointment of Priya Sachdev Kapur as a non-executive director, the company said in a regulatory filing. Priya, the wife of late chairman Sunjay Kapur, was appointed as…
Sona Comstar says Rani Kapur not a shareholder; confirms rejecting her request to postpone AGM
Auto components major Sona BLW Precision Forgings Ltd (Sona Comstar) on Friday said it did not defer its Annual General Meeting despite an email request from Rani Kapur, former Chairperson of the co and widow of late industrialist Dr Surinder…
Maruti Suzuki mandates 6 airbags in Fronx, hikes prices
Maruti Suzuki on Friday announced standardization of 6 Airbags in Fronx, resulting in 0.5% hike in average price. The increased price is said to come into effect from today July 25, 2025. On Thursday, Maruti Suzuki announced that Fronx has…
India-UK deal shields mass market segment, a boost for luxury cars
Mumbai: India will slash duties on high-end cars from the United Kingdom under the free trade deal signed on Thursday, while protecting the mass-market segment where Indian manufacturers are gaining global ground. “Vehicles priced below £40,000 (about ₹46 lakh including…
SC to hear on Jul 28 plea on end-of-life limit for BS VI-compliant vehicles in NCR
New Delhi, The Supreme Court on Thursday agreed to hear on July 28 a plea questioning whether BS VI-compliant vehicles should have an end-of-life period of 15 years for petrol variants and 10 years for diesel variants in the National…
Renault plans to double India parts sourcing, says MD Venkatram Mamillapalle
Shally Seth Mohile Mumbai: Renault plans to more than double component sourcing from India to ₹400 million (about ₹4,055 crore) over the next five years, a senior executive said, as the automaker sharpens focus on making the country a key…
Maruti Suzuki and DPIIT sign MoU to propel auto & mobility startup innovation in India
Maruti Suzuki India Limited, on Wednesday, signed a Memorandum of Understanding (MoU) with the Department for Promotion of Industry and Internal Trade (DPIIT), with an aim to to encourage and support startups to develop technology-driven solutions in automobile manufacturing and…
Hyundai Motor India gets Rs 517.34 cr tax, penalty demand from GST authority
Hyundai Motor India Ltd on Tuesday said it has received a demand of Rs 517.34 crore from tax authorities, along with penalty, for alleged short payment of GST compensation cess on its certain SUV models. The company has received an…
Maruti Suzuki plans to set up 500 service centres in FY26
Maruti Suzuki plans to set up 500 service centres during FY 2025-26 out of which 91 facilities are already set up, the company announced on Monday. The company has expanded its service network to 5,500 service touchpoints across 2,764 cities,…
MG M9 Electric Limousine launched: Massage seats, yacht-style roof, 548 km range & features that scream luxury – First look at MG M9 Electric Limousine
The MG M9 stands out with its trapezoidal mesh grille, split LED headlamps, and connected DRLs, creating a strong road presence. At the rear, a waterfall-style LED taillight completes its unique look. The car comes in three elegant colours: Pearl…
Honda eyes 30% share in Indian two-wheeler market, sees potential to grow sales among women
Japanese auto major Honda is targeting a 30 % share in the Indian two-wheeler market by 2030, as it chases the goal to achieve half of global two-wheeler sales in the long term, according to a top official of the…
Erratic rains & low farm income hit entry-level bike sales: HMSI
Erratic rains and stagnating farm incomes hit motorcycle sales, especially at the entry-level, impacting overall two-wheeler volumes in the June quarter, said a top executive at Honda Motorcycle & Scooter India (HMSI), the country’s second largest two-wheeler maker. The executive…
Ashok Leyland looks at proactive approach to navigate emerging industry trends: Chairman Hinduja
Ashok Leyland will follow a proactive approach to navigate emerging global and industry trends including electrification and supply chain challenges as it remains in hunt to be among the world’s leading commercial vehicle manufacturers, according to Chairman Dheeraj G Hinduja….
Wheels India bets big on exports biz; makes inroads in construction, tractor segments
Wheels India Ltd, a leading manufacturer of wheels for trucks, agricultural tractors, and passenger vehicles, is betting big on its exports business and has made inroads in the construction and tractor segments, a top official said. The city-based company was…
Tata Motors approaches Italy’s Agnelli family to buy controlling stake in Iveco
Italy’s Agnelli family is in talks over the possible sale of truck maker Iveco, three sources told Reuters, with two mentioning Tata Motors as a potential buyer. India’s Tata Motors has approached Exor, the Agnellis’ investment company, over its controlling…
Tata Motors-owned JLR delays launch of Range Rover, Jaguar EVs
British luxury carmaker Jaguar Land Rover has delayed the launch of its electric Range Rover and Jaguar models to allow time for more testing and for demand to pick up, The Guardian reported on Friday. JLR has told customers deliveries…
Tyre industry to see 7-8% revenue growth this fiscal year on replacement demand: Report
The domestic tyre industry is expected to witness revenue growth of 7-8 % this fiscal year, driven by replacement demand that accounts for half of annual sales, according to a report by Crisil Ratings. The segment is expected to post…
India targets phase-wise goals under Automotive Mission Plan 2047
India will set phase-wise goals under the Automotive Mission Plan (AMP) 2047. An official statement said seven sub-committees will guide the development of a comprehensive plan targeting milestones for 2030, 2037, and 2047. These sub-committees comprise experts from government, industry,…
Maruti engine sputters on small car woes
Production at Maruti Suzuki India Ltd, India’s largest carmaker, fell to a five-year low in June as demand for its bread-and-butter small cars and compact sedans continued to weaken. An email sent to Maruti remained unanswered. June is typically when…
Centre may seek details on missing auto PLI claims
The Centre is likely to call for information from around 50 beneficiaries of the Production-Linked Incentive scheme for the automobile and auto component industry (PLI-Auto scheme) who are yet to submit any incentive claims in the last two years despite…
Rural slump ends India’s four-year auto sales run, exports hit record high
Mumbai: India’s passenger vehicle and two-wheeler sales fell in the June quarter, breaking a four-year growth streak, underscoring tepid demand in the rural markets and lower offtake of entry-level cars, as well as scooters and motorcycles. Sales of cars, utility…
Hindustan Motors claims WB govt seized closed plant unlawfully; unutilised land taken back: State
Hindustan Motors Ltd on Tuesday alleged that the West Bengal government unlawfully took possession of its plant in Hooghly district without notice, though the matter is pending in the Supreme Court. Responding to the accusation, a senior official said the…
Tesla begins India journey in Mumbai; check full price list of Model Y
Tech entrepreneur Elon Musk’s Tesla is now selling its Model Y vehicles in India, starting at around $69,770 (₹60 lakh), according to its website on Tuesday, as the electric vehicle maker prepares to open its first showroom in Mumbai, the…
Hero MotoCorp to enter European markets in Q2 FY26, says Chairman Pawan Munjal
Two-wheeler manufacturer Hero MotoCorp is set to expand its global presence by entering Germany, France, Spain and the UK in the second quarter of 2025-26, said Chairman Pawan Munjal. Munjal, in his address to stakeholders of the company, said Hero…
Kia India appoints Atul Sood as Senior Vice President Sales & Marketing
Kia India on Friday said it has appointed Atul Sood as Senior Vice President – Sales & Marketing, with immediate effect. He will report to Joonsu Cho, Chief Sales Officer, Kia India and will lead the brand’s nationwide sales strategy…
Stellantis looks to rev up India investments to increase market share
Paris: Stellantis is considering a fresh round of investment in India, as the Dutch group that owns automotive brands like Fiat, Jeep, Chrysler and Peugeot aims to grow its retail network and launch new products in a market where its…
Mercedes-Benz India plans price hike by 1-1.5% in September
Mercedes Benz India plans to hike prices by 1-1.5 per cent from September to mitigate the impact of a weak rupee against the euro, according to its MD and CEO Santosh Iyer. The luxury car market leader has already hiked…
Auto OEMs to witness pressure in Q1 FY26E amid input cost surge and operational headwinds: Report
India’s auto original equipment manufacturers (OEMs) are likely to witness margin pressures in Q1FY26E, impacted by higher raw material (RM) costs and operating deleverage, according to a report by HDFC Securities. The report added that elevated prices of key inputs,…
Luxury car sales enter the slow lane in H1
New Delhi: Luxury vehicle sales in India lost momentum in the first half of 2025, as stock market uncertainty and geopolitical tensions made buyers wary, industry executives said. Some 22,900 luxury cars were sold in the first six months of…
Mercedes-Benz India’s first-quarter sales hit record high on strong demand for top-end models, EVs
German luxury carmaker Mercedes-Benz said its first-quarter sales in India hit an all-time high, rising 10% to 4,238 units, on strong demand for its high-end models and electric vehicles (EVs). Demand for luxury models in India, the world’s third-largest car…
Tata Motors, M&M, three others may raise over Rs 2k cr PLI claims
New Delhi: Tata Motors, Mahindra & Mahindra (M&M), Bajaj Auto, Ola Electric Technologies and TVS Motor Company could raise claims totalling more than ₹2,000 crore this fiscal year under the Production Linked Incentive (PLI) scheme for automobiles, according to a…
Premium bikes likely to account for 22% of two-wheeler market by 2030: Crisil
The Indian two-wheeler industry is witnessing a ride towards the premium segment, like other consumer sectors in the country, with the market share of premium motorcycles increasing to 19% last fiscal and expected to touch 22% by 2030, according to…
JSW Group to increase stake in JSW MG Motor India amid SAIC’s exit from Indian Market
JSW Group plans to raise its stake in JSW MG Motor India, its car manufacturing joint venture with SAIC Motor. The Chinese company has decided against committing further capital to India, instead prioritising investments at home and in Europe. Parth…
No impact of rare earth magnets shortage on production in near future: JSW MG Motor
JSW MG Motor on Wednesday said the global shortage of rare earth magnets, a key component in motors used for electric vehicles, has not impacted its production currently and is unlikely to impact it in the immediate future, but it…
Two and three wheelers rides in fast lane for Uber
Mumbai: More than 60% of Uber customers in India are currently opting for two- and three-wheelers, marking a shift in consumer mobility preferences at the ride-hailing platform from passenger vehicles. Uber, which leads India’s ride-hailing market, employs about 1.4 million…
Tata Motors reports 9% dip in global sales in Q1
Tata Motors on Tuesday reported a 9 per cent dip in total global sales to 2,99,664 units in the June quarter. The company had sold 3,29,847 units in the April-June quarter of FY25. Global wholesales of passenger vehicles were lower…
Fine rainy spell & capex push help lift vehicle sales in June
New Delhi: Vehicle registrations, a proxy for retail sales, increased by 4.8% to more than 2 million units in June with plentiful monsoon rains, and higher government spending helping support demand for two-wheelers, tractors, and construction equipment. Retail sales of…
Skoda Auto Volkswagen India adds Bentley to portfolio
Skoda Auto Volkswagen India Pvt Ltd on Monday announced the addition of British super luxury brand Bentley as the sixth marque under the group’s umbrella in India. From July 1, the company has taken the responsibility of exclusively importing, distributing…
India auto dealers warn of risks to supply, retail volume growth
Geopolitical tensions and U.S. tariff-related spill-over effects could temper consumer sentiment, while rare earth curbs may further limit car supply and retail volumes, India’s Federation of Automobile Dealers Association (FADA) said on Monday. However, above-normal monsoons should bolster rural demand…
Nissan considers Foxconn EV output to save Oppama from closure, Nikkei says
Nissan Motor is in discussions with Taiwan’s Foxconn about a collaboration in electric vehicles that could save its Oppama plant in Japan from closure, the Nikkei business daily reported on Sunday, citing an unidentified Nissan source. Nissan’s Oppama plant, which…
Renault in talks with JSW for India partnership as Nissan ties unwind: Report
French carmaker Renault SA is in early talks with JSW Group for a potential joint venture in India, Bloomberg reported, quoting people familiar with the matter, as the French carmaker looks to strengthen its position in one of the world’s…
Bike makers may appeal to govt to defer rule mandating anti-lock braking systems
Mumbai | New Delhi: Two-wheeler manufacturers are likely to approach the government to seek a deferral of the proposed safety regulation mandating anti-lock braking systems (ABS) across all two-wheeler models from January 1, 2026, citing implementation challenges and capacity constraints….
Brake on emissions: As India plans CAFE norms, a look at regulations followed globally across US, other automotive markets
India is in the process of holding consultations ahead of the formalisation of CAFE (Corporate Average Fuel Efficiency) 3 norms, scheduled to come into force from April 1, 2027. India currently caps average emissions of all passenger vehicles weighing less…
Second-hand car prices in Delhi drop due to restrictions on end-of-life vehicles, says trade body
Prices of second-hand cars in the national capital have witnessed a sharp fall in recent days, with traders reporting a decline of 40 to 50 per cent, the Chamber of Trade and Industry (CTI) said on Friday. CTI Chairman Brijesh…
BMW Group reports 10% jump in India sales to 7,774 units during January-June
German premium car maker BMW Group on Thursday reported a 10 per cent jump in total sales in India at 7,774 units in the January-June period of 2025 over the same period year-ago, The Group had sold 7,081 units of…
Next edition of Bharat Mobility in Feb’27: Govt
New Delhi: The next edition of Bharat Mobility Global Expo will be held from February 4-9 in 2027 National Capital Region of Delhi, the commerce and industry ministry said Thursday. The first two editions were held in 2024 and 2025….
At CAFE 3, everyone is not on the same table on Maruti plan to ease fuel efficiency norms for small cars
Tata Motors, Mahindra & Mahindra, JSW MG Motor India and Toyota Kirloskar Motor have come out against market leader Maruti Suzuki’s proposal to ease fuel efficiency norms for small cars in the upcoming third edition of Corporate Average Fuel Efficiency…
Daimler India rolls out BharatBenz range for mining, construction
Chennai: Daimler India Commercial Vehicles, a subsidiary of German truck maker Daimler Truck AG, rolled out a new range of vehicles in the construction and mining segment, a top official said on Wednesday. The company launched the ‘BharatBenz’ brand trucks-comprising…
Hero MotoCorp sales up 10 per cent in June
Hero MotoCorp on Tuesday said its total sales increased by 10 per cent year-on-year to 5,53,963 units in June. The company sold 5,03,448 units in June last year. Domestic dispatches to dealers rose to 5,25,136 units last month, as compared…
Maruti Suzuki sales dip 6 pc in June
Maruti Suzuki India on Tuesday reported a 6 per cent year-on-year decline in total sales to 1,67,993 units in June. The country’s largest carmaker had sold a total of 1,79,228 units in June 2024. Its total domestic passenger vehicle dispatches…
Maharashtra hikes taxes on cars and vehicles by up to Rs 10 lakh. Here’s how much you have to pay now
Maharashtra has hiked taxes on vehicles by up to Rs 10 lakh, according to a report in the Times of India. As per the report, buying a CNG, LNG, or high-end vehicle in Maharashtra will get more expensive from July…
Commercial vehicle industry likely to see 3-5 pc growth in wholesale volumes this fiscal: Icra
Domestic commercial vehicle (CV) industry is likely to see a 3-5 per cent year-on-year growth in wholesale volumes this fiscal, after logging a slight dip of 1.2 per cent in FY25, Icra said in a report on Monday. This growth…
A Game-Changer for US-Ukraine Economic Relations
Moscow’s troops seized it as part of their summer offensive, which has achieved steady gains across Donetsk. Russian forces have seized control of a valuable lithium deposit in the Donetsk region of eastern Ukraine, depriving the country of a critical…
Wendt (India) continue to focus on product development, customer acquisition to boost growth
Wendt (India) Ltd, an abrasive and precision component manufacturer, will continue to focus on product development, new customer acquisition, price correction among others, aimed at boosting business growth, the company said on Sunday. The company, part of the diversified conglomerate…
Maruti Escudo: Suzuki plans Creta, Seltos rival to slot between Brezza & Vitara. Check launch details, expected price, and features
Maruti Suzuki is reportedly preparing to introduce a new mid-size SUV in the Indian market, expected to be called the Escudo. The model, rumored to carry the internal codename Y17, will likely be positioned between the Brezza and the Grand…
Mercedes-Benz unveils AMG GT 63 and GT 63 PRO in India: Prices start at Rs 3 crore
Mercedes-Benz India on Friday has launched two exciting new luxury sports cars in India, the AMG GT 63 4MATIC+ and the even faster GT 63 PRO 4MATIC+. These powerful cars come with racing technology, hand-built engines, and top-class performance, starting…
TVS launches new Apache RTR 160 at Rs 1.34 Lakh
TVS Motor Company on Friday launched the latest version of its popular motorcycle, the Apache RTR 160, with a starting price of Rs 1.34 lakh (ex-showroom). The 2025 model comes with several upgrades, including dual-channel ABS, which makes braking safer…
Rupee slide fuels Mercedes-Benz price hike
Mercedes-Benz India faced a 13% increase in cost over the past year as the rupee continued to weaken against the euro, inflating the cost of imported parts. The Indian arm of the German luxury carmaker, which imports about 70% of…
Govt mulls easing fuel efficiency norms for small cars sought by Maruti Suzuki: Report
India is considering relaxing fuel efficiency norms for small cars after lobbying by Maruti Suzuki, which has seen sales of such cars drop amid an SUV boom, industry and government sources told Reuters. Small cars have been key to Maruti’s…
TVS Srichakra expands exclusive retail stores of Eurogrip Tyres in Chennai
TVS Srichakra Ltd, makers of two and three wheeler tyres under the ‘Eurogrip Tyres’ brand, has expanded its retail footprint in Tamil Nadu, with the inauguration of two new flagship stores in the city. The Tamil Nadu-based company operates exclusive…
Sona Comstar looks east to diversify revenue mix
New Delhi: Auto parts maker Sona Comstar has firmed up plans to diversify operations and double the share of revenue to 50% from markets like Japan, China and India amid rising geopolitical tensions in the West. Speaking to ET, MD…
JSW MG Motor India to hike vehicle prices from July
JSW MG Motor India on Wednesday said it will hike prices of its vehicles by up to 1.5 per cent across most of its offerings from July 1. This revision is being done to mitigate the impact of rising input…
Better equipped to tackle supply chain woes from lessons learnt during chip crisis: Tata Motors
Tata Motors group is better equipped to deal with supply chain challenges arising from the ongoing Israel-Iran clash, China’s restriction of rare earth magnet exports and global tariff war, having learnt from the semiconductor crisis during the COVID-19 pandemic, top…
JLR to begin car assembly in Tamil Nadu by 2026; Tata Motors delays Avinya EV launch
British auto maker Jaguar Land Rover (JLR) will start assembling its luxury vehicles from completely knocked down (CKD) kits at its upcoming factory in Tamil Nadu by early 2026, said senior executives at parent Tata Motors on Tuesday. However, Tata…
New fuel norms may be linked to size of your car
The government may consider a differentiated structure based on vehicle size while framing the third edition of CAFE (Corporate Average Fuel Efficiency) norms, aimed at enhancing fuel economy of all vehicles and curbing carbon emissions. The new rules are expected…
Sona Comstar appoints Jeffrey Mark Overly as Chairman
Auto components major Sona BLW Precision Forgings on Monday announced the appointment of Jeffrey Mark Overly as its Chairman. The board of directors, at its meeting held on June 23, 2025, appointed Overly, an independent director since February 12, 2021,…
Indian Auto Industry Aims to Establish In-House Magnet Supply Chain Amid China Restrictions
ET Bureau The situation for the auto industry has deteriorated over the past few months as no Indian auto component or vehicle company has managed to get approval from the Chinese govt for procuring rare earth magnets. As Indian auto…
European carmakers Renault, Volkswagen and Skoda struggle to boost sales in India
European mass market car manufacturers like Renault, Volkswagen and Skoda continue to find it hard to expand their presence in the India market, witnessing a decline in sales in the last three financial years, industry data showed. According to data…
From mileage to mayday: Why Indian car buyers are now obsessed with safety stars
In a car market long dominated by affordability, safety is emerging as the best-performing driver. Five-star Bharat NCAP-rated vehicles made up 15% of all passenger vehicle sales in the country in the first four months of 2025 — up from…
Swift: India’s favourite hatchback that ruled Indian roads for two decades now enters adulthood
The Maruti Suzuki Swift, a name that has become almost synonymous with the Indian hatchback segment, has completed 20 years on Indian roads. Since its launch in May 2005, the Swift has seen four generations, sold over 30 lakh units…
Tata Motors to accelerate EV push; JLR tariff impact mitigated
Mumbai: Tata Motors chairman N. Chandrasekaran on Friday told shareholders that the company is accelerating its electric vehicle (EV) strategy, even as it closely monitors supply chain and geopolitical risks that could affect growth. Speaking at the company’s 80th annual…
Tata Motors working with govt, looking alternate sources for magnets: Chandrasekaran
Mumbai: Tata Motors is working with the government and is also taking steps to procure magnets from alternate sources in the wake of China restricting exports of rare earth elements, company Chairman N Chandrasekaran told its shareholders on Friday. Responding…
All two-wheelers to come with ABS from next year
Anti-lock braking systems (ABS) will become mandatory for all two-wheelers sold in the country from January 1 as part of a proposed new safety regulation by the government. The Ministry of Road Transport and Highways is likely to issue a…
India to export 150 Bihar-built locomotives to Guinea under ₹3,000 crore deal
Under the “Make in India” initiative, the Marhowrah Diesel Locomotive Factory in Bihar is set to export 150 Evolution Series ES43ACmi locomotives–built in collaboration with Wabtec–to power Guinea’s Simandou iron ore project. This landmark deal, valued at over Rs 3,000…
Skoda VW plots Rs 10,000 cr comeback with India 3.0
Mumbai: Skoda Auto Volkswagen India Pvt Ltd (SAVWIPL) has received in-principle approval from its German parent to invest an additional ₹1 billion (about ₹10,000 crore) for expanding its operations in the country, said people aware of the development. Under its…
Hero MotoCorp launches battery subscription model for VIDA VX2 electric scooter
Hero MotoCorp announced a subscription-based battery model for its upcoming VIDA VX2 electric scooter, starting July 1. The company’s battery-as-a-service (BaaS) offering is aimed at reducing the upfront cost of electric vehicle (EV) ownership and making the product accessible to…
TVS Motor enters Indonesian electric two-wheeler market with iQube
TVS Motor Company on Tuesday announced its foray into the Indonesian electric two-wheeler market with its all-electric scooter iQube. The company’s arm PT TVS Motor has opened bookings for iQube in Indonesia at an introductory price of IDR 29.9 million…
CCI okays Mahindra’s proposal to acquire 59 pc stake in SML Isuzu for Rs 555 crore
The Competition Commission of India (CCI) on Tuesday cleared Mahindra & Mahindra’s proposed acquisition of a nearly 59 per cent stake in commercial vehicle maker SML Isuzu for Rs 555 crore. Mahindra & Mahindra in April announced the acquisition of…
Auto sector shifts into high hear with 10.1% salary hikes in FY25
The automotive industry continues its lead over other sectors in terms of pay hikes, offering double-digit increments, outperforming average single-digit raises for most of India Inc. Automotive companies likely issued a 10.1% salary hike for FY25 compared to an average…
Passenger vehicles sales remain muted in May, two wheelers up 2.2% YoY
Mumbai: Auto sales in India (all segments) rose marginally by 1.5% over the same period last year led by a 2% growth in two wheelers. With the exception of scooters and motorcycles, dispatches across most of the segments— counted as…
Maruti Suzuki collaborates with Equitas Small Finance Bank to expand retail car financing network
Maruti Suzuki India has signed an MoU with Equitas Small Finance Bank, entering into a strategic vehicle financing partnership for customers. The carmaker said in a statement this week that this collaboration, which aims to provide retail financing solutions for…
Shortage of rare earth magnets can decelerate India’s automotive ride, Crisil says
New Delhi: Rare earth magnets, low in cost but critical in function, could emerge as a key supply-side risk for India’s automotive sector if China’s export restrictions and delays in shipment clearances persist, according to a report by Crisil Ratings….
Rare earth, rarer nod: Indian firms’ magnet waitlist doubles in 2 weeks, sends industry into supply tailspin
New Delhi: The number of India-based companies awaiting licences from China’s commerce ministry to procure rare earth magnets has nearly doubled to 21 from 11 two weeks ago, according to people familiar with the matter. These include Bosch India, Marelli…
Mercedes-AMG G63 ‘Collector’s Edition’ launched in India: Check price, key features and exclusive India-inspired upgrades
Mercedes-Benz has launched the limited-run AMG G63 ‘Collector’s Edition’ in India at a starting price of ₹4.30 crore (ex-showroom), making it ₹66 lakh costlier than the standard model. Teased just days ago, this India-exclusive edition is limited to only 30…
Mercedes-Benz looks to roll out more models offering customisation
Mercedes-Benz India aims to introduce more special edition trims offering customisation, leveraging expertise of German automaker’s Bengaluru-based global R&D centre, a top company official said on Thursday. The luxury carmaker on Thursday introduced AMG G 63 ‘Collector’s Edition’ priced at…
Maruti Suzuki signs MoU with Equitas Small Finance to offer financing options
Leading car maker Maruti Suzuki India Ltd has partnered with private sector Equitas Small Finance Bank to offer vehicle financing options to its customers, a company official said on Friday. A memorandum of understanding between the two entities was signed…
Auto sector pushes 3-step plan to cut China dependence for rare earth magnets
Squeezed for supplies, automakers have made a three-pronged suggestion to improve supplies of rare earth magnets over the next three years to reduce dependence on China. The Indian auto industry made a presentation to the ministry of heavy industries last…
Skoda to scale up pre-owned biz, bolster sales network to double sales this year
Czech carmaker Skoda is looking to scale up its pre-owned car business, enter the CNG segment and expand sales network as it aims to double volumes in the Indian market this year, according to a top company executive. The carmaker,…
Off the road, there’s a Rs 52,000-crore pileup while car sales hit the brakes
Mumbai: Car dealerships across India are staring at unsold inventory worth a record Rs 51,000-52,000 crore-the highest ever in value terms-as manufacturers continue to push vehicles into the market despite subdued retail demand for over a year. While the 34-38…
Maruti Suzuki Dzire becomes first sedan to get 5-star rating in BNCAP
The country’s largest carmaker Maruti Suzuki Wednesday said it has received 5-star rating for the All-New Dzire in Bharat New Car Assessment Program (BNCAP). With this rating, the Dzire became the country’s first sedan to receive this recognition. The other…
Maruti Suzuki recalibrates e VITARA production amid rare earth magnet shortage
The country’s largest carmaker Maruti Suzuki India is recalibrating production of its upcoming model e VITARA due to the shortage of rare earth magnets, industry sources said. The auto major is looking to produce around 8,000 units of the model…
Disruption of rare earth magnet supplies beyond 30 days can impact vehicle production in India: Report
A disruption in rare earth magnet supplies lasting beyond a month can impact production of passenger vehicles, including electric models, weighing on the domestic automobile industry’s growth momentum, a report on Tuesday said. Rare earth magnets, low in cost but…
Motherson’s Marelli takeover faces US hedge fund bump
Mumbai: Samvardhana Motherson is bracing for battle with US distressed debt hedge fund Strategic Value Partners (SVP) over the acquisition of Marelli Holdings, a Japanese car parts supplier owned by private equity group KKR & Co, said people aware of…
No impact of rare earth magnet shortage on production so far, says Maruti Chairman
Maruti Suzuki India Chairman R C Bhargava on Monday said there is no impact on the company’s production due to the shortage of rare earth magnets as of now. His comments come against the backdrop of restrictions imposed by the…
Auto sector seeks government action on China rare earth magnet imports
The automobile industry has sought government support in expediting approvals from the Chinese government for importing rare earth magnets used in various applications, including passenger cars. As per the industry sources, various domestic suppliers have already sought approval from the…
Urgency grows in Motown India as rare earth deadlock deepens, call goes out to govt for help
The Indian automobile industry is facing a significant challenge due to recent restrictions imposed by the Chinese government on the export of rare earth magnets. These magnets are critical components in many applications, including passenger vehicles and electric vehicles (EVs)….
Popular urban bikes lose traction on slowdown hit
New Delhi: Sales of motorcycles with an engine capacity of 150-200 cc, mostly bought in India’s metros larger cities, declined 9% in FY25, mirroring FMCG sales that have also been hit by slowing consumption in urban markets, besides patrons not…
RBI rate cut to positively impact automobiles sector
New Delhi, The decision of the Reserve Bank to cut policy rate by 50 basis points will have a positive impact on the automobile sector as it will make loans cheaper, industry body SIAM said on Friday. The RBI on…
New medium, heavy trucks sold in India must have AC cabins from June 8; cos hike prices to meet mandate
Mumbai: All new medium and heavy trucks manufactured and sold in India from June 8 must have air-conditioned cabins under a government notification issued a year-and-a-half ago to enhance driver comfort and reduce fatigue. Some truck makers have responded with…
Vehicle registrations rise 5% in May, driven by demand for two-wheelers, three-wheelers & tractors
Vehicle registrations – a proxy for retail sales – increased by 5% to 2.21 million units in May on back of demand for two-wheelers, three-wheelers and tractors. As per data collated by industry body Federation of Automobile Dealers Associations (FADA)…
Sudarshan Venu named chairman of TVS Motor
New Delhi: TVS Motor Company Thursday announced the appointment of Sudarshan Venu as chairman with effect from August 25, 2025. “The board of directors unanimously named Sudarshan Venu as incoming chairman, in recognition of his exemplary contributions to the company’s…
TVS Motor promotes MD Sudarshan Venu as Chairman effective August 25
TVS Motor Company on Thursday announced that The Board of Directors unanimously named Sudarshan Venu as incoming Chairman of the Company. He will take over as the Chairman and Managing Director effective August 25. The move is in recognition of…
China’s chokehold on rare earths set to suffocate auto industry
Alarm over China’s stranglehold on critical minerals grew on Tuesday as global automakers joined their US counterparts to complain that restrictions by China on exports of rare earth alloys, mixtures and magnets could cause production delays and outages without a…
Maruti Suzuki plans mega Rs 925 crore green bet; shares rise
Maruti Suzuki India Limited (MSIL) on Wednesday announced a significant expansion of its renewable energy initiatives with plans to invest over Rs 925 crore by FY31, aiming to scale its solar power capacity to 319MWp. The move comes as part…
China’s rare earth curbs threaten India’s auto sector, EV production
India’s auto industry remains under threat due to China having restricted the supplies of critical rare earth magnets, despite nine component makers having had their import applications endorsed by the neighbouring country’s embassy. Supplies have not resumed as China’s commerce…
Hyundai Motors introduces new variants of Alcazar, check prices
Hyundai Motor India Limited (HMIL) announced significant enhancements to its premium SUV, Hyundai Alcazar, with a panoramic sunroof and DTC option on Tuesday. Alcazar diesel Corporate variants start from Rs 17,86,700 and on the other hand, Alcazar Prestige DCT Petrol…
Continental puts brakes on truck-bus radial tyre biz in India
Tyre maker Continental on Monday said it will discontinue its truck and bus radial tyre business in India with immediate effect, as part of a strategic realignment of its product portfolio in the country. The company will fully focus on…