Companies hiring on all cylinders to take charge of EV market
Electric vehicle makers are revving up hiring amid an escalating battle between legacy manufacturers and startups to get ahead in India’s red-hot EV market. Companies such as Tata Motors, Mahindra & Mahindra, TVS Motor and Ultraviolette told ET they are…
Bajaj Auto board gives nod to infuse Euro 150 million in Netherlands-based arm
Bajaj Auto Ltd on Friday said its board has approved an investment of up to Euro 150 million (Rs 1,364 crore) in its wholly-owned arm, Bajaj Auto International Holdings BV, Netherlands, to fund the needs of the latter towards investment…
Auto sector demand hinges on marriage season, infrastructure revival: Report
The auto sector now eyes the upcoming marriage season and revival in government infrastructure projects, for boost in sales, especially for the two-wheelers and entry-level cars, says a report by InCred Research. The report also noted that the demand for…
Skoda Auto Volkswagen must fall in line and not play victim: Customs dept to Bombay HC
The Customs Department on Thursday told Bombay High Court that Skoda Auto Volkswagen ‘will have to fall in line’ and ‘not play victim’, amid a tax dispute, which involves a demand of over $1.4 billion. On Monday, the Customs Department…
Maruti Suzuki aims to reclaim 50% share in the Indian PV market by 2030
The country’s largest carmaker Maruti Suzuki is targeting reclaiming 50% share in the Indian passenger vehicle market by 2030, parent Suzuki Motor Corporation (SMC) said Thursday. As per the mid-term management plan outlined by SMC, the Indian subsidiary will double…
Hyundai India aims to be production hub for exports to emerging markets
New Delhi, Hyundai Motor India is looking to position itself as a manufacturing hub for exports for emerging markets like Africa and neighbouring nations, according to a top company executive. The company, which is looking to diversify its export markets…
TVS Motor launches 2025 edition TVS Ronin at Rs 1.35 lakh ex-showroom
Two and three wheeler major TVS Motor Company has rolled out its 2025 edition 225 cc motorcycle ‘Ronin’ upgraded with safety features besides adding two new colors priced at Rs 1.35 lakh ex-showroom onwards, a senior company official said on…
Honda Motorcycle and Scooter surpasses 2 crore sales mark in South India
Two wheeler manufacturer Honda Motorcycle and Scooter India has surpassed two crore sales in southern parts of the country, the company said on Tuesday. The company reached 1 crore sales milestone in 17 years, while the next one crore sales…
Indian luxury car industry is like a startup which is growing slowly: Audi India head Balbir Dhillon
Audi India head Balbir Dhillon stated on Monday that India’s luxury car segment is like a developing startup. Dhillon spoke at the launch of the refreshed Audi RS Q8 performance SUV, priced at Rs 2.49 crore. India’s luxury car market,…
No halt on Skoda Auto Volkswagen consignments over Rs 11,000 crore tax demand: Customs dept to Bombay HC
The Customs Department informed the Bombay High Court on Monday that it will not stop any consignments belonging to Skoda Auto Volkswagen India Pvt Ltd in light of the ongoing tax dispute, which involves a demand of over $ 1.4…
Shift from manual ain’t automatic for most Indians as high prices keep buyers in first gear
Mumbai: The self-shifting convenience of automatic is increasingly drawing the attention of Indian car buyers, but the price, often inflated by the premium features these vehicles come bundled with, is making many to settle for manual variant. Most passenger vehicle…
Hero MotoCorp eyes double-digit revenue growth next fiscal: CFO
The country’s largest two-wheeler maker Hero MotoCorp expects double-digit revenue growth next fiscal riding on the back of continued investments on new products and segments, according to Chief Financial Officer Vivek Anand. The company, which reported a revenue of Rs…
Rise in quality consciousness among Indian manufacturers, automotive and chemicals lead: CII study
New Delhi: Indian manufacturers are witnessing a rise in quality awareness, with the automotive and chemicals sectors leading the adoption of global certifications and quality protocols, a study by the Confederation of Indian Industry (CII) said.The CII Manufacturing Competitiveness Study,…
Car sales shift to first gear in January after demand bump
Sales of passenger cars, vans and utility vehicles grew in low single-digits in January, mainly because of a high base and continued tepid demand in the local market.Market leader Maruti Suzuki posted a 4% rise from a year earlier at…
Uno Minda to acquire remaining 49.9 pc stake in JV firm for Rs 195 cr
Auto components maker Uno Minda on Friday said its board has approved to acquire 49.9 per cent remaining stake in a joint venture firm from partner FRIWO Geratebau GmbH for Rs 195 crore. The company will enhance its share in…
Will Harley-Davidson roar in full range in India again on Trump’s reciprocal tariffs?
Will US President Donald Trump’s insistence on ‘reciprocal tariffs’ lead to the American cult bike brand Harley-Davidson’s bigger play in India? The budget presented earlier in the month has already cut custom duties on imported premium bikes to make their…
Hero’s search for a hit: Hero MotoCorp, India’s largest two-wheeler maker, struggles to stem dwindling market share
At one point as he addressed the company’s 5,000-odd employees at home and abroad during a townhall last fortnight, Hero MotoCorp (HMC) executive chairman Pawan Munjal’s tone turned assertive. “I have my eyes on each one of you,” he said….
Karnataka: Volvo to invest Rs 1400 Cr to expand Hoskote facility, to add 2000 jobs
Volvo Group on Thursday announced expansion of its manufacturing facility at Hosakote on the outskirts of Bengaluru with a fresh investment of Rs 1400 crore. The Group signed an MoU with the Industries department in the presence of chief minister…
Which carmakers in India are embroiled in $6 billion of tax disputes?
Carmakers and local authorities in India are embroiled in $6 billion worth of tax disputes spanning years of scrutiny by the income tax, customs and excise departments. Here are some of the biggest of those disputes, based on a Reuters…
Volkswagen’s $1.4 billion India tax tussle rekindles foreign investor fears
India’s demand for back taxes running into a record $1.4 billion from Volkswagen, after 12 years of scrutiny, is reigniting concerns that lengthy investigations and litigation could sour the plans of foreign firms in the fastest-growing major economy. Automakers such…
Steering with caution: Optimism on the road, but inflation and other bumps ahead
Driving ahead with caution, the auto retail sector remains optimistic about observing an uptick in the sales for the month of February because of the continuing marriage season, fresh product launches and strategic promotional activities, according to the monthly FADA…
Maruti Suzuki hikes Baleno price; Check the updated price here
Maruti Suzuki announced price hikes for its cars last month. The carmaker has revealed the updated prices across models sold through Arena and Nexa outlets. Among other hikes, the brand has increased the price of its popular premium hatchback, Baleno,…
Nissan Honda merger talks: Nissan board agrees to scrap USD 60 billion Honda merger talks: Source
Nissan is set to call off merger talks with rival Honda, a source said on Wednesday, abandoning a USD 60 billion plus tie-up that would have created the world’s no.3 automaker and raising questions about how it will drive a…
Rolls-Royce to double sourcing from India over the next five years
Aerospace major Rolls-Royce on Monday said it intends to double its supply chain sourcing from India over the next five years. The company will seek to increase its sourcing of complex parts for advanced aerospace engines, naval propulsion systems, diesel…
Honda Cars achieves E20 petrol compliance for entire model range
Honda Cars India on Thursday said it has achieved E20 petrol compliance certification for all the models it sells in the country. The company has achieved compliance for the Elevate, City e:HEV, City, and Amaze models. The achievement highlights Honda’s…
Motherson forms JV with Japan’s Sanko for sustainable packaging solutions
Auto components major Motherson on Friday said it has entered into a joint venture with Japan’s Sanko, a player in material handling sector to provide sustainable packaging solutions in India and Europe. The joint venture (JV) will contribute to greater…
Ode to three Boxes: Sedans – the vanishing breed of the 3-box legacy
Go back to when you were five.In your kindergarten, your teacher would’ve asked you to draw something you like. Many would have likely sketched with crayons or colour pencils, a house, your family—mostly as adorable stick figures with a circle…
Trump immigration, tariff rhetoric rattles India auto suppliers
US President Donald Trump’s threats of steep tariffs on Mexico and his planned curbs on immigration present a two-pronged threat to Indian auto parts suppliers and their ambitions to expand in their biggest export market. While Trump last week delayed…
Mahindra consolidated net up 20% in Q3 driven by farm and auto biz
Mumbai: Mahindra & Mahindra Ltd Friday reported a 20% year-on-year rise in consolidated quarterly net profit in the December quarter, buoyed by strong operational performances of the farm equipment and automotive sectors and a turnaround of the services business.Net profit…
Kia contests $14 million India tax demand for wrongly using trade treaty exemptions
NEW DELHI: Kia on Friday said it is contesting an Indian tax demand of $14 million for wrongly using free trade agreements to claim lower tariffs on some electronic car part imports, the latest tax tussle between the South Korean…
Back in the game: FMCG & auto sales point to green shoots
Consumer goods sales picked up in the December quarter and vehicle registrations rose in January from a year-ago high base, pointing to positive news on the broader economic front ahead of the RBI’s monetary policy announcement on Friday, with India’s…
Vehicle registrations rise 6.6% in Jan, indicating sustained recovery in consumer demand: FADA
Vehicle registrations – a proxy for retail sales – increased by 6.6% to 2.29 million units last month indicating a sustained recovery in consumer demand in the local market.As per data collated by Federation of Automobile Dealers Associations (FADA) from…
Component companies stay on road to Mexico despite tariff fears
Mumbai: Indian auto parts makers with presence in Mexico are worried amid erratic decision-making on tariffs by the US government but are continuing with their expansion plans. The prevailing uncertainty may, however, prompt some companies to rethink future investments in…
Ford’s India return delayed: Is the carmaker making a U-turn or just a pit stop?
There was supposed to be a grand comeback. A roadmap. A blueprint. Instead, there’s radio silence. Ford Motor Company, which announced its return to India last September, now appears to be pumping the brakes on those plans. The much-anticipated January…
Hero MotoCorp gets Rs 456 cr GST demand notice
Hero MotoCorp on Tuesday said it has received a GST demand of Rs 456 crore from the Rajasthan authorities. The company has received an order from the Additional Commissioner, Central Goods and Services Tax, Alwar, Rajasthan, imposing a penalty of…
India’s passenger vehicle industry to see modest 1.5% growth in FY25: Report
India’s passenger vehicle (PV) industry is expected to witness low single-digit growth in FY25, with forecasts indicating a modest 1.5 per cent year-on-year (y-o-y) growth due to subdued demand, according to Nomura report.The two-wheeler (2W) segment, however, could see some…
TVS Motor names Gaurav Gupta as President for India 2-wheeler biz
TVS Motor Company on Monday said it has appointed Gaurav Gupta as President – India for two wheeler business. He will be based in Bengaluru and report to K N Radhakrishnan, Director & CEO, TVS Motor Company. Gupta will head…
How Volkswagen bumped into a $1.4 billion problem in India
At a time when German automaker Volkswagen is fighting multiple battles at home and abroad, it has run into a road bump in India. Amid sales and profit challenges, cheaper Chinese competitors, labour troubles and now Trump tariffs threatening its…
Union Budget: Ethernet switch duty cut to recharge telcos’ data centre, broadband plans
Reliance Jio, Adani Group, Google, Facebook and Microsoft among others may see a decline in costs for setting up data centres, while home and rural broadband rollouts and expansions are likely to get slightly cheaper after the government’s proposal to…
India emerges as a global export hub, shipments expand to 65 countries: Nissan
India is emerging as one of the major global export hubs for Japanese auto major Nissan, with the company beginning to ship the left-hand drive version of its compact SUV Magnite to new countries, according to a senior company official….
Budget 2025: More room for vroom: Imported bikes to cost less
Premium motorcycles sold by Harley-Davidson, Triumph and Suzuki among others are set to get cheaper with the government lowering basic customs duties on such automobiles by 5-20%, depending on the engine capacity and whether fully imported or locally assembled. Rationalisation…
Budget 2025: Agri focus, tax relief to create positive momentum for auto sector
The budget’s focus on agriculture and tax relief for individuals is likely to spur demand triggering a positive effect on the automobile industry, industry players said on Saturday. Auto industry body SIAM noted that the government is focused on long-term…
Bajaj Auto gets over Rs 10 cr GST penalty
Bajaj Auto Ltd on Friday said it has been imposed penalty and interest of over Rs 10 crore by the tax authority in a matter related to differential GST on classification of instruments cluster and will legally challenge it. The…
India Yamaha Motor cuts prices of two flagship models by up to Rs 1.1 lakh
India Yamaha Motor Pvt Ltd on Friday said it will cut prices of its flagship models — R3 and MT-03 by up to Rs 1.10 lakh from February 1, 2025. The Yamaha R3 will be priced at Rs 3,59,900 and…
Budget opportunity to boost domestic demand as external environment cloudy: Tata Motors Group CFO
At a time when the external environment is extremely cloudy, the Union Budget can look at consumption-boosting measures to push demand and drive domestic growth, Tata Motors Group CFO PB Balaji said on Wednesday. After a good festive season, demand…
Made in India Jimny five-door debuts in Japan
Maruti Suzuki India on Thursday said the locally manufactured Jimny five-door model has made its debut in the Japanese market. The SUV, which is exclusively manufactured at Maruti Suzuki’s Gurugram-based plant, was unveiled in Japan on Thursday. The Jimmy five-door…
Car buyers eye upgrade amid a flurry of premium models
Rising demand for premium passenger vehicles is leading automakers to sharpen their focus on this segment with fresh offerings especially in the fast-emerging electric vehicle space.Sales of utility vehicles priced at ₹30 lakh to ₹60 lakh grew 12% from a…
Your good car deal costing heavy on Maruti Suzuki’s pocket
India’s largest carmaker by volume Maruti Suzuki saw a bumpy third quarter as the automaker struggled with higher discounts and weak small car sales, leading to a lower-than-expected profit. For Maruti and its peers, FY25 has been about poor consumer…
Volkswagen India faced customs clearance delays over alleged tax evasion case, sources say
Some air shipments of car components by Volkswagen India were briefly held up by custom authorities in Mumbai due to a $1.4 billion tax demand, leading to delays in spare part supplies at dealerships, people familiar with the matter told…
No 1 position in Indian two-wheeler market within sight: Honda
New Delhi: Japan’s Honda Motor Co Ltd on Tuesday said it is within reach of achieving the number one position in the Indian two-wheeler market and will introduce a variety of products, including scooters and EVs, to solidify its position….
Tax rebate for scrapping vehicles may be doubled
New Delhi: The ministry of road transport and highways has proposed to double the rebate on one-time motor vehicle tax for buyers who scrap their BS-II or older emission standard vehicles and purchase new ones. At present, the government offers…
Models with connected features contribute over 25% of retail sales last year: Hyundai
Hyundai Motor India on Monday said the share of car sales with connected features has risen to over 25 per cent in 2024 against around 5 per cent in 2019. The company said it has sold over 6.75 lakh cars…
Robust demand drives auto exports up 19%
Automobile exports from India rose 19 % year-on-year in 2024 led by a robust dispatch of two-wheelers, passenger vehicles and commercial vehicles, according to SIAM data.Overall shipments rose to 50,98,810 units last year, up 19% from 42,85,809 units exported in…
TVS Motor’s distributor Ezz LCV sets up new assembly line; to boost local manufacturing in Egypt
An assembly line to enhance local manufacturing capabilities was inaugurated by Ezz LCV, the authorisied distributor of TVS Motor Company in Giza, Egypt, the two wheeler manufacturer said. Established at an investment of about USD 6.5 million, the state-of-the-art facility…
Maruti Suzuki hikes car prices from Feb 1: Check car-wise price increase here
Maruti Suzuki India on Thursday announced a price hike across its vehicle portfolio, effective February 1, 2025, with the price increase varies across models, with increments ranging from Rs 1,500 to Rs 32,500. The decision comes amid rising input and…
Electric, Flex-Fuel, and CNG vehicles dominate Indian automotive launches: Report
The Indian automobile industry is witnessing a remarkable transformation, with electric vehicles (EVs), flex-fuel models, and CNG-powered vehicles taking center stage in recent launches.A report by Phillip Capital highlights that these alternative fuel vehicles are rapidly reshaping both passenger and…
Used-car sales in India to cross 1 crore annual sales mark by 2030: Report
New Delhi: The Indian used-car market is expected to cross 1 crore sales mark annually by 2030 with offtakes increasing across both urban and smaller towns, according to a report by CARS24. As per the ‘Gear of Growth: The 2024…
Lamborghini reports record sales in India in 2024 at 113 units
Italian super luxury automaker Automobili Lamborghini on Friday said its sales increased 10 per cent to 113 units last year as compared with 2023. The company said it was the company’s best-ever sales performance in India. Globally, the carmaker delivered…
Bharat Mobility Global Expo 2025: Pioneering growth for auto components manufacturers
The components show at the Yashobhoomi Convention Centre in Delhi was full of people and companies jostling for space across five halls spanning 70,000 square metres. The Bharat Mobility Global Expo 2025 from January 17-22, organised by the Ministry of…
Maruti Suzuki to hike prices by up to Rs 32,500 from February 1; cites rising costs
The country’s largest carmaker Maruti Suzuki Thursday said it will increase prices across its range of vehicles by up to Rs 32,500 with effect from Feb 1, 2025. The company attributed the price rise to rising input and operational costs….
Tata Motors restructuring CV business ahead of listing next fiscal
New Delhi: Tata Motors is restructuring its commercial vehicle (CV) business with set financial metrics for each of the eight sub-segments ahead of a planned public listing in the next financial year, said a senior company executive.The move tracks the…
Indian automotive industry: Hyundai localises over 1.2k parts & EV battery packs
HMIL is working with more than 194 vendors to localise over 1,238 parts at its Chennai manufacturing facility. Hyundai Motor India Limited (HMIL) is localising over 1,200 parts as well as battery packs as part of its manufacturing strategy, the…
Kinetic Engineering to take EV route to re-enter two-wheeler market
Over a decade after Kinetic Engineering quit the two-wheeler segment by selling its stake in Mahindra Two Wheelers to Mahindra & Mahindra, the Pune-based company is plotting a comeback to this competitive segment.The return this time, however, will be in…
ZF introduces digital fleet management platform in India
Auto component maker ZF on Tuesday said it has introduced a digital fleet management platform, SCALAR, in the Indian market. Designed to address diverse customer needs, the platform offers features to optimise the operations of commercial fleets, enhancing efficiency, safety,…
Maruti Suzuki E-Vitara walk-around | The EV that can disrupt the market – The Economic Times Video
After a long wait, Maruti Suzuki has entered the EV segment with a product that they feel confident with. The E Vitara SUV, showcased in Auto Expo 2025 in Delhi signifies the priority that the EV segment holds. Available with…
EV sales must reach 50 pc by 2030 to achieve net zero goal: Bhupender Yadav
Union Environment Minister Bhupender Yadav said on Monday that electric vehicles should make up 50 per cent of all vehicle sales by 2030 to ensure the automotive sector stays on track to achieve the 2070 net zero emission target. Addressing…
Govt gears up to create ecosystem for high-end EVs
The government is looking at considering research and development (R&D) investments, along with funding towards setting up dedicated assembly lines for electric vehicles in existing factories, for incentivising carmakers in the scheme announced to promote local manufacturing of high-end EVs…
Long-term perspective on tax structure to aid product development: Skoda official
A long-term perspective on tax structure for different automotive technologies in India would aid the industry in product development which takes a lot of time and investment, according to Skoda Auto India Volkswagen MD and CEO Piyush Arora. Skoda Auto…
Milestone 4.5M: Passenger vehicle sales set to rev up beyond December quarter record
Mumbai: India’s passenger vehicle market is set to surpass 4.5 million units in 2025 for the first time, as the industry anticipates the positive sentiment of December quarter to carry into the new year despite price increases.The surge in demand…
India mobility market to double, surpassing $600 mn by 2030: Google-BCG report
The Indian mobility industry is charting its unique course and is poised to double and cross USD 600 billion by the end of the decade – by 2030, according to a joint report released by Google and Boston Consulting Group…
New Delhi auto show: Maruti Suzuki, Hyundai and Skoda Auto unveil a slew of electric car models
NEW DELHI: Maruti Suzuki, Hyundai and Skoda Auto are among several automakers unveiling a slew of electric car models targeting the mainstream segment at the New Delhi auto show, signalling a decisive shift to clean mobility in the world’s third…
India’s share in global mobility supply chains increasing: Piyush Goyal
India’s share in the global mobility supply chains is increasing due to the sector’s cost-competitiveness and focus on product quality, Commerce and Industry Minister Piyush Goyal said on Friday. Speaking at the Bharat Mobility Global Expo 2025 here, he said…
Bharat Mobility Show: Over 30 companies to light up Auto expo
India is set to host one of the largest mobility exhibitions in the world—the Bharat Mobility Show—from January 17 to 22. As many as 34 homegrown and global automakers are set to take the covers off a slew of vehicles,…
two-wheeler market: CCI dismisses abuse of dominance complaint against Honda Motorcycle & Scooter India
The Competition Commission of India (CCI) has dismissed a complaint alleging that Honda Motorcycle & Scooter India abused its dominant position in its dealings with a Kerala-based individual. Honda Motorcycle & Scooter India Pvt Ltd (HMSI) is a subsidiary of…
Hero MotoCorp advocates GST reduction amid shifting market trends
Hero MotoCorp Ltd, India’s largest two-wheeler maker, is not concerned about slowing demand in the urban market, saying consumption in these centres had grown disproportionately after the pandemic.Speaking to ET, Hero MotoCorp chief executive Niranjan Gupta however urged the Centre…
Minda Corp to acquire 49% stake in Flash Electronics for Rs 1,372 crore
Auto components maker Minda Corporation on Wednesday said it will acquire 49 per cent stake in Flash Electronics for Rs 1,372 crore. The partnership is intended to expand the product offerings of both companies, leveraging their existing portfolios to create…
SUVs drive growth: Carmakers record highest ever yearly sales of 4.27 mn units in 2024
New Delhi: Domestic passenger vehicle (PV) sales rose 4.2% to a record 4.27 million vehicles in calendar 2024, buoyed by demand for sport-utility vehicles (SUVs).While sales of utility vehicles – comprising SUVs, vans and multipurpose vehicles (MPVs) – grew nearly…
Positive consumer sentiments drive automobile dispatches up 12% in 2024: SIAM
Automobile dispatches from companies to dealers rose 12 per cent last year compared to 2023 on the back of positive consumer sentiments which aided robust demand for two-wheelers, industry body SIAM said on Tuesday. Total wholesales across categories rose to…
Indian car dealers’ sales unexpectedly drop in December, industry body says
Indian car dealers clocked a surprise 2% drop in sales in December, with high year-end discounts boosting demand only for a handful of showroom owners, a dealers’ body said on Tuesday. Sales dropped to 293,465 units in the month from…
Over 40 new product launches expected at Auto Expo: Government official
More than 40 new product launches are expected at the upcoming Auto Expo which will be held under the umbrella of Bharat Mobility Global Expo 2025 from January 17-22, a government official said on Tuesday. With visas continuing to be…
Tyre makers investing Rs 100 cr in NE, Bengal for enhancing rubber production, says association
Tyre manufacturing companies are investing Rs 100 crore in the Northeast and parts of West Bengal for skill development of growers and creating infrastructure for increasing the quality and production of natural rubber, their association said. The initiative has been…
Two-wheelers, tractor volumes to outpace passenger vehicles and trucks in FY25-27: Jefferies
The volume of two-wheelers (2Ws) and tractors will grow at a compounded annual growth rate (CAGR) of 13 to 15 per cent, outpacing passenger vehicles (PVs) and trucks between financial year (FY) 2025-27, stated a report by Jefferies an investment…
Mercedes price: Mercedes reports best-ever yearly sales in 2024; to roll out 8 models this year
Luxury carmaker Mercedes-Benz India plans to roll out 8 new models, including battery electric vehicles, this year as it looks to sustain sales momentum having posted record sales in 2024. The company sold 19,565 units last year, registering a growth…
Tata Motors group global wholesales up 1 pc at 3,41,791 units in Q3
New Delhi, Tata Motors on Thursday reported a 1 per cent rise at 3,41,791 units in group global wholesales, including that of British arm JLR, in the third quarter ended December 2024. Global wholesales of Tata Motors passenger vehicles, including…
TVS Group veteran H Lakshmanan dies at 92 due to age-related ailments
Chennai: H Lakshmanan (92), former Executive Director of Sundaram-Clayton and a pillar of the TVS group for nearly seven decades, passed away on Friday due to age-related ailments. He is survived by his wife, a son, and two daughters. He…
Fast paced growth of top end models jack up Mercedes’ average selling price in 2024
Pune: The average selling price of Mercedes-Benz India cars rose nearly 7% to Rs95 lakh in 2024 from Rs89 lakh in 2023 backed by demand for its top-end models or those costing at least Rs1.5 crore. Sales of such models…
TVS Mobility raises Rs 1,800 cr debt from multiple investors
TVS Mobility, the family office of TS Rajam and his successors, has finalised with multiple lenders a debt fundraising of Rs 1,800 crore in a three-tranche loan structure, sources familiar with the deal told ET.The funds will be utilised for…
Mercedes to expand in India’s smaller cities as younger generations splurge
Germany’s Mercedes-Benz, fresh off a year of record sales in India, plans to add another 20 dealerships or service outlets in 2025 – mainly in smaller cities where young, well-travelled business owners are indulging in luxury goods. Rapid economic growth…
BMW posts record car sales in India at 15,721 units in 2024
BMW Group India on Tuesday reported its best-ever annual car sales at 15,721 units in 2024, an 11 per cent growth over the previous year. The BMW brand registered 15,012 units, while the MINI brand clocked 709 units in 2024,…
Mahindra looks to scale up auto biz globally; eyes more markets with new models
Having consolidated its position in the domestic market, Mahindra & Mahindra is now looking at ways to expand its presence across international markets, as per a top company executive. The Mumbai-based auto major is looking to scale up its automotive…
Advik acquires German braking system manufacturer Powersports MTG
Global automotive components maker Advik on Tuesday said it has acquired German mechanical and hydraulic braking system manufacturer Powersports MTG for an undisclosed sum. The acquisition will create additional expertise for Advik in premium motorcycle safety components, which will also…
In 2024, 76% of used car buyers are first-timers, with 60% of women opting for automatic hatchbacks: Report
In a showcase of enthusiasm for used cars, a significant 76 per cent of customers in 2024 were first-time buyers, used car platform Spinny observed in its annual report. This year’s sales witnessed a jump of 3 per cent from…
Rane ZF to collaborate for electric power steering products
Auto component makers Rane and ZF on Monday said they plan to introduce rack drive electric power steering system technologies in the domestic market. The two companies plan to introduce the new product range through their existing joint venture —…
Mercedes-Benz appoints Emrah Ozer as CFO for India
German luxury carmaker Mercedes-Benz on Monday said Emrah Ozer has been appointed as its Chief Financial Officer for its Indian operations as part of an organisational change in its finance and controlling function effective since January 1, 2025. Ozer, currently…
Expect automotive leasing in India to account for up to 8 pc of total sales in 5-8 yrs: ORIX
Mobility solutions and financial services provider ORIX Corporation India Ltd expects automobile leasing market in India to account for 7-8 per cent of the overall vehicle sales in the next 5-7 years, up from about 2 per cent currently with…
Force Motors bags order to supply 2,429 ambulances to UP govt
Force Motors Ltd on Thursday said it has bagged an order for the supply of 2,429 units of ambulances to Medical Health and Family Welfare Department, Uttar Pradesh. In a regulatory filing, the company said the order is for supply…
Long-range cars spark up EV adoption drive
Mumbai: India’s electric vehicle industry is on the verge of a transformation, with the spotlight shifting to EVs that can go the extra mile—literally. As consumers increasingly demand vehicles capable of covering hundreds of kilometres on a single charge at…
Honda Motorcycle & Scooter India sales up 32 pc at 58.01 lakh units in 2024
Honda Motorcycle & Scooter India on Saturday reported a 32 per cent growth in total wholesales at 58,01,498 units in 2024 over the previous year. This included domestic sales of 52,92,976 units and 5,08,522 units exports, Honda Motorcycle & Scooter…
Hyundai Motor transports 26% domestic sales volume by rail freight in 2024
Auto major Hyundai Motor India has transported 1,56,724 units using rail freight in 2024, accounting for 26 per cent of the domestic wholesale volume made last year, the company said on Friday. Through this initiative, the company achieved a reduction…
Kia Syros booking starts: Check booking process, expected price, car specs, features
Kia India has started accepting bookings for its new Syros compact SUV today, January 3, 2025. Customers can book online or at dealerships with a Rs 25,000 deposit. The South Korean carmaker has announced that the Syros will be launched…
Hero MotoCorp posts 7.5 pc rise in sales at 59,11,065 units in 2024
Two-wheeler major Hero MotoCorp on Thursday reported a 7.5 per cent rise in total sales at 59,11,065 units on 2024 as compared to 54,99,524 units in 2023. The company posted a 49 per cent growth in global business sales during…
M&M, Tata Motors bag big PLI incentives; earn brownie points for their work in advanced auto tech
The government has approved incentive payments totaling ₹246 crore to Mahindra & Mahindra (M&M) and Tata Motors under the Production Linked Incentive (PLI) scheme for the auto industry, news agency PTI reported on January 2. The scheme, worth ₹25,938 crore,…
Suzuki Motorcycle India sales rise 22 pc to 96,804 units in December
Suzuki Motorcycle India Pvt Ltd on Wednesday reported a 22 per cent growth in total sales to 96,804 units in December 2024 compared to 79,483 units a year ago. The domestic sales last month stood at 78,834 units, up 14…
Nissan Motor India sales up 51.42% at 11,676 units in December
Nissan Motor India on Wednesday reported 51.42 per cent jump in total wholesales at 11,676 units in December 2024 as compared to the year-ago month. The company had posted total wholesales of 7,711 units in December 2023. ET Year-end Special…
Hero MotoCorp, Harley-Davidson extend India partnership
Hero MotoCorp and Harley-Davidson Motor Company have extended their partnership ‘in order to expand the Harley Davidson X-440 into newer variants as well as to develop a new motorcycle’, as per a stock exchange disclosure by the former.The extended partnership…
It’s raining discounts on EVs; you can now save up to Rs 3 lakh on popular models
Electric vehicle (EV) prices are dropping due to several market factors, including excess inventory, lower component costs, and Corporate Average Fuel Efficiency (CAFE) regulations. Both electric cars and two-wheelers are seeing price cuts, said a ToI report (by Nandini Sengupta)…
Osamu Suzuki’s visionary leadership made cars accessible to millions: SIAM President
Late Osamu Suzuki’s visionary leadership made cars accessible to millions, forging an enduring bond between Japan and India, Society of Indian Automobile Manufacturers (SIAM) President Shailesh Chandra said on Friday. In a condolence message on behalf of the Indian automobile…
Maruti Suzuki Dzire crosses 3 mn production mark
The Maruti Suzuki Dzire, one of India’s most popular sedans, has reached a significant milestone, with cumulative production surpassing 3 million units, the automaker announced Monday. The achievement comes nearly 17 years after the car’s debut in 2008, cementing its…
Osamu Suzuki, the man who brought affordable mobility to millions of Indians, dies at 94
Osamu Suzuki, the man who brought affordable mobility to millions of Indians with the now iconic Maruti 800, died earlier this week, aged 94. Toshihiro Suzuki, his eldest son and CEO of Suzuki Motor Corporation (SMC), confirmed he passed away…
Osamu Suzuki: The visionary who bet on India’s automobile future, says Maruti Suzuki Chairman R C Bhargava
Osamu Suzuki, the man who took a risk and bet on India when no one else believed in having a viable automobile company in the country, Maruti Suzuki Chairman R C Bhargava said reminiscing on the visionary leader who helped…
Premium sedan space sees action with new launches
India’s premium sedan market is experiencing a strategic shift as manufacturers prioritise value creation over volumes through luxury, technology and performance integration.Toyota, with its recent launch of Camry at a dealership price of ₹48 lakh, is blending luxury with technology….
Tax officials initiate inspection of M&M records in Chennai
Mahindra & Mahindra Ltd on Saturday said state tax authorities in Tamil Nadu initiated an inspection of records at one of the places of its business operations in Chennai. Authorisation for inspection/search proceedings under CGST Act 2017 was issued by…
Luxury car boom: Six vehicles over Rs 50 lakh sold every hour in India in 2024
As many as six cars priced over Rs 50 lakh were sold every hour in India this calendar year, up from only two five years back, indicating a sharp rebound in demand at the upper end of the market and…
Osamu Suzuki: The legend who was instrumental in helping India kickstart its automotive journey
Osamu Suzuki, an ingenious penny-pincher who led Japan’s Suzuki Motor for more than four decades and played a key role in turning India into a flourishing auto market, has died aged 94.He died on Christmas Day of lymphoma, said the…
Tata Motors’ micro SUV to take the bestseller crown this year
Tata Motors’ Punch is poised to climb 6 places and become India’s top selling car model in 2024, as per data from Jato Dynamics. The micro SUV model will be overtaking 2023 leader Maruti Suzuki’s Swift besides others like Hyundai’s…
GST on used cars: GST on old used cars only when sale price higher than depreciated value
A registered person will have to pay GST on sale of old and used vehicle only if the seller has earned a margin, which is the selling price is higher than the depreciation adjusted cost price of the vehicle, sources…
Delhi: Auto parts traders boycott business with Bangladesh
In response to ongoing tensions in Bangladesh and alleged attacks on minorities, auto parts traders in Delhi’s Kashmere Gate have decided to halt business with the neighboring country. The move follows reports of violence against ‘Hindus’ and ‘attacks’ on temples…
Honda, Nissan deal may be key in fight against China’s BYD
Honda Motor Co. absorbing Nissan Motor Co. could give the two struggling Japanese brands the scale they need to take on China’s BYD Co., sales figures released Wednesday show.Honda, which earlier this week sketched out plans for a deal that…
Proposed GST hike may not shake up used car market much
Mumbai: The GST Council’s proposed six-percentage point increase in goods and services tax rate on used small cars-those measuring less than four meters in length and powered with up to 1.2-liter diesel and petrol engines-as well as pre-owned small electric…
Mahindra Tractors partners with PNB for dealer finance solutions
New Delhi: Mahindra Tractors, a part of Mahindra & Mahindra Ltd, on Tuesday said it has partnered with Punjab National Bank to provide channel finance solutions to its dealers. The two partners have signed a Memorandum of Understanding (MoU), the…
Lohia Auto launches EV brand ‘Youdha’, aims to sell 3 lakh vehicles by 2027
Lohia Auto on Monday announced the launch of EV brand ‘Youdha’ as part of its Rs 20-crore expansion plans and said it looks to manufacture and sell 3 lakh electric vehicles under the brand by 2027. The initial product portfolio…
Indian buyers still prefer physical dealerships over online mediums to purchase cars: Survey
Majority of car buyers in India still prefer making their purchase decisions through physical dealerships, with digital platforms increasingly complementing the overall acquisition process, according to a survey. The findings of a global study conducted by Urban Science involving over…
Car companies may hit road to robust sales next year
New Delhi: Sales of passenger vehicles are expected to grow by 5% in calendar year 2025 against a high base, indicating healthy consumer demand on the back of a pick-up in government spending, good monsoon rain and strong consumer sentiment…
How to buy second-hand electric cars in India?
Electric cars (EVs) have become the future of sustainable transport, and what’s more exciting? With the booming market for second-hand electric cars in India, you can own a second-hand electric vehicle without burning a hole in your wallet. However, as…
How 2025 could be a breakthrough year for India’s auto industry
John Dias, a 42-year-old IT professional in Bengaluru, had been saving for months to buy a new car. His budget was tight and all he wanted was a reliable, fuel-efficient car with basic features like Bluetooth connectivity, rearview cameras and…
Mercedes’ top supplier survived Napoleon, the Great Depression & two world wars. But not the current auto slump
Germany’s Gerhardi Kunststofftechnik GmbH weathered Napoleon’s invasion, the Great Depression and two world wars. But Europe’s current auto slump has brought the plastics manufacturer to its knees. Founded in 1796, Gerhardi started out making metal products before riding Germany’s postwar…
Isuzu Motors reaches 1 lakh vehicle milestone in Chennai
Utility vehicle maker Isuzu Motors has reached a production milestone by rolling out one lakh vehicles from its manufacturing facility near Chennai, the company said on Friday. A maroon Isuzu D-MAX V-Cross was rolled off the assembly line, marking the…
Zoomcar to launch cab rental product in India to test demand in larger market
Zoomcar will launch a chauffeur-driven cab rental product in Bengaluru as it looks to test the waters in a larger part of the transportation market, the self-drive car-sharing platform told Reuters on Friday. The move comes months after the cash-strapped…
Kia India bets on new models for a robust 2025
South Korean carmaker Kia expects to post strong double-digit growth in sales in India in calendar 2025, rebounding from a lacklustre 2024 when an extended general election, adverse weather conditions and tepid consumer sentiment weighed on industry sales. Speaking to…
Kia Syros revealed: Check specifications, features of the new sub-compact SUV here
Kia revealed its new compact SUV, Syros, in the Indian market on Thursday. The car is the second sub-compact SUV after Sonet by Kia in India. The model will go on sale in 2025. The price for the new vehicle…
Enso Group partners with G-Energy to launch engine oils in India
Enso Group’s Enso Oils & Lubricants has become the official distributor for G-Energy, a high-tech engine oil brand, in India. The partnership was announced at a client conference held in Mumbai, coinciding with the launch of G-Energy in the Indian…
Hero Xpulse 200 4V Pro Dakar Edition launched: Check price and specifications here
Hero Motocorp on Wednesday launched the Dakar special edition of Xpulse 200 4V Pro. The special edition of the ADV has been introduced at Rs 1.67 lakh (ex-showroom). The company said that the booking for the Xpulse 200 Dakar Editon…
Auto industry on track to achieve target of Rs 25,000 crore import cut
The Indian automotive industry is poised to achieve its ambitious target of up to ₹25,000 crore (about $3 billion) reduction in import value in the five years through this fiscal-year end by accelerating localisation of advanced parts such as electric…
Maruti Suzuki testing new 7-Seater Grand Vitara SUV. Here’s all we know about it
Maruti Suzuki is reportedly testing a new 7-seater SUV, which said to be inspired by the upcoming electric e-Vitara. Spy photos of the new SUV has surfaced in which a camouflaged version of the vehicle can be seen undergoing testing….
Roaring SUV sales puts diesel back on the growth path
MUMBAI: Roaring SUV sales are driving the share of diesel with nine out of ten diesel-powered vehicles sold in the country this year being SUVs. This has helped boost the share of diesel in the domestic passenger vehicle market for…
Tata Motors to hike trucks, buses prices by 2% from Jan 1
Tata Motors will increase prices on its trucks and buses by up to 2% starting January 1, 2025, the automobile giant said on Thursday, citing rising input costs. The price hike will affect all truck and bus models, though the…
Auto component industry grows 11% to Rs 3.32 lakh crore in April-September: ACMA
The automotive components industry grew 11 per cent year-on-year to Rs 3.32 lakh crore in the first half of the current fiscal, industry body ACMA said on Thursday. The turnover of the automotive component industry in the April-September period of…
India plans intact; to add more headcount despite global turbulence: Nissan
New Delhi: Japanese auto major Nissan’s plans to turn around its Indian operations remain intact, and it is looking to increase headcount in the country despite the turbulence it is facing globally, according to a senior company official. The company,…
Delhi traffic: India has an inherent expertise to increase population & automobile numbers: Nitin Gadkari
India has an inherent expertise to increase population and automobile numbers, said Transport Minister Nitin Gadkari at Times Network India Conclave on Friday. While responding to a question about traffic issues in India, the minister stated that starting with Delhi,…
Indian auto components industry sees 11.3% growth in H1 FY25: Report
New Delhi: The Indian auto components industry has experienced robust growth in the first half of FY25, with a notable 11.3 per cent increase in its market size, according to Automotive Component Manufacturers Association (ACMA) report. The industry, which was…
PV wholesale dispatches move up after retail slowdown in November
NEW DELHI: Passenger vehicle wholesales rose 4% year-on-year in November while retail sales fell 14%, reflecting rising dealer stocks. While carmakers say inventory in the sales channel is healthy at about a month, dealers claim it is much higher at…
Passenger vehicle dispatches to dealers rise 4 pc in Nov at 3,47,522 units: SIAM
Passenger vehicle dispatches from companies to dealerships rose 4 per cent year on year to 3,47,522 units in November with demand momentum sustaining post festive period in October, industry body SIAM said on Friday. The overall passenger vehicle dispatches stood…
JK Tyre to get 30 mn euros long term loan from German entity
JK Tyre & Industries on Thursday said it will receive a long term loan of 30 million euros from Germany’s DEG. The company will invest the funds in a sustainable expansion of production capacities at its Madhya Pradesh-based passenger car…
Maruti shares: Maruti Suzuki eyes 8,000 overall service touchpoints by 2030-31
Car market leader Maruti Suzuki India on Wednesday said it plans to increase its overall service network to 8,000 touchpoints by 2030-31, with an aim to reach closer to its customers. The company, which on Wednesday opened the 500th service…
Tax on automobiles must be tech agnostic, focus on reducing fossil fuel use, decarbonisation: Toyota Kirloskar Motor
Taxation of automobiles must be based on national goals of reducing fossil fuel consumption, decarbonisation and ‘Make in India’, and incentives must not be reserved only for a specific technology, according to Toyota Kirloskar Motor Executive Vice President & Country…
CarDekho SEA raises $60 million from Navis Capital, Dragon Fund
New Delhi: CarDekho’s South Asia business unit (SEA) has raised USD 60 million (around Rs 510 crore) in a funding round led by Navis Capital Partners and Dragon Fund. The new funding will be used to improve the group’s operations…
Hot wheels: Luxe cars selling at huge discounts
Mumbai: Mercedes-Benz, BMW and Audi are among luxury carmakers seeking to entice potential buyers with five-year-high price discounts and other incentives in a desperate attempt to exhaust inventory. Luxury cars, which make up only 2% of the broader passenger vehicle…
Kia India to hike vehicle prices by up to 2% from January
Kia India on Monday said it will increase prices of its entire model range by 2 per cent from January. The price hike, effective from January 1, 2025, is primarily due to rising commodity prices and escalating supply chain-related costs,…
Car sales plunge 14% in Nov amid weaker demand and festive spillover
Car sales fell 14% year-on year in November as buyers put off purchases after two years of heightened buying post the pandemic. Dealers said consumer demand for passenger vehicle is weaker than expected post the festive period and in the…
Auto retail sales up 11.21 pc in Nov riding on two-wheeler demand: FADA
New Delhi: Retail sales of vehicles across categories in India grew by 11.21 per cent at 32,08,719 units in November, as compared to 28,85,317 units in the same month last year riding on two-wheeler demand, Federation of Automobile Dealers Associations…
New Year, New Prices: Automakers announce January price hikes amid rising costs
New Delhi: Prices of various car models-ranging from entry-level hatchbacks to high-end luxury offerings-are set to rise as automakers have announced price hikes with effect from January. Carmakers cite an increase in input costs and operational expenses as the main…
Planning to buy a car in 2025? You’ll have to pay more as auto majors hike prices
Automakers across segments, from hatchbacks to luxury cars, have announced price hikes starting January, citing rising input costs and operational expenses. While the increases vary, customers planning to purchase a vehicle may face higher price tags in the new year,…
Royal Enfield commences operations at Thailand-based CKD plant
Eicher Motors on Wednesday said Royal Enfield has commenced operations of a new CKD (Completely Knocked-down) assembly facility in Thailand. Royal Enfield is a part of Eicher Motors. “Our strategic intent is to have an international expansion strategy of investing…
Weak consumer sentiment & rising discounts fuel ‘artificial demand’: Honda Cars India President Takuya Tsumura
Consumer sentiment in the local market is weak, discounts are increasing month on month which has generated ‘artificial demand’, Honda Cars India President & CEO Takuya Tsumura told ET. Tsumura said while the industry had expected slow sales at the…
TVS Motor unveils next-gen RT-XD4 engine platform
Chennai: TVS Motor Company has unveiled the TVS RT-XD4 engine platform, developed at its research and development center in Hosur, a top official announced on Friday. The TVS RT-XD4 300 will be the first engine to be fully developed on…
Maruti Suzuki to increase prices across models from January 2025
Maruti Suzuki on Friday said that it will hike prices by up to 4 per cent depending on the model from January 2025. The move comes in light of rising input costs and operational expenses, the company said in an…
Hyundai Motor to increase prices across models from January 1, 2025
Hyundai Motor on Thursday announced that it would increase prices across model range effective from January 1, 2025. The move comes because of an increase in input costs, adverse exchange rate and increase in logistics costs, said the carmaker in…
MS Dhoni signs on as brand ambassador for Eurogrip Tyres
Eurogrip Tyres, a leading brand specialising in two-wheeler, three-wheeler, and off-highway tyres, has appointed cricket legend Mahendra Singh Dhoni as its brand ambassador, on Thursday. As part of this collaboration, Dhoni will endorse the Eurogrip brand and its entire product…
Ex-Ford India head may steer JSW MG Motor operations
Anurag Mehrotra, ex-managing director and president at Ford India, is set to join JSW MG Motor India as its MD, replacing Rajiv Chaba, CEO Emeritus, who is superannuating on 31 March 2025, said people aware of the movement. Mehrotra who…
From new Honda Amaze to Kia Syros, check out the list of cars launching this month
As the year 2024 comes to a close, several car manufacturers are gearing up to launch new models in December. Honda, Toyota, Kia, and Hyundai are among the prominent brands preparing to introduce vehicles, with some unveiling new entrants to…
Mahindra says in discussions with IndiGo to settle trademark row over ‘6e’
Mahindra & Mahindra on Tuesday said it is in discussions with InterGlobe Aviation, which owns IndiGo airlines, to find an amicable solution regarding a trademark issue over the use of “6e” in its all-new electric model. The automaker, which introduced…
When AI meets cloud ERP: Driving the digital shift in India’s automotive manufacturing
From “minimal” integration of Information Technology (IT) only a decade ago to leveraging technology–Enterprise Resource Planning (ERP) systems and Artificial Intelligence (AI), in particular–becoming an absolute necessity, the Indian automotive manufacturing sector is embracing change and transforming towards becoming a…
HMSI domestic sales up 3 pc to 4,32,888 units in Nov
Honda Motorcycle and Scooter India on Monday reported a 3 per cent year-on-year jump in domestic wholesales to 4,32,888 units in November. The company had dispatched 4,20,677 units to its dealers in November last year. Exports increased to 39,861 units…
Audi to hike vehicle prices by up to 3 pc from January
New Delhi: Luxury carmaker Audi on Monday said it will hike prices of its entire model range by up to 3 per cent from January next year, to offset the impact of rising input and transportation costs. The price hike…
Car sales up 4% in November, driven by SUV demand and strong market momentum
Sales of cars in the local market increased by about 4% last month, amid stable demand in the market even after the close of the festive season. Industry estimates about 350,000 cars, sedans and utility vehicles were dispatches from factories…
Suzuki Motorcycle India sales up 8pc at 94,370 units in Nov
Suzuki Motorcycle India Pvt Ltd on Sunday reported an 8 per cent growth in total sales at 94,370 units in November compared to 87,096 units sold in the same month last year. Domestic sales were at 78,333 units last month,…
No impact on India business with Bajaj Auto due to restructuring of holding firm: KTM
Austrian bike maker KTM on Saturday said the judicial restructuring of its holding firm Pierer Mobility AG has no impact on business related to products co-developed with Bajaj Auto for Indian domestic market and select export markets. However, it is…
Volkswagen India unit faces $1.4 billion tax evasion notice
India has issued a notice to German automaker Volkswagen for allegedly evading $1.4 billion in taxes by “wilfully” paying lesser import tax on components for its Audi, VW and Skoda cars, a document shows, in what is one of the…
Cooperating with authorities over show cause notice: Skoda Auto Volkswagen India
New Delhi: German automotive group Volkswagen on Friday said it is extending full cooperation to authorities in India following a show cause notice over alleged customs duty fraud. The group, which is currently led in India by Skoda Auto Volkswagen…
Hyundai Motor India refutes claims of Rs 7,300 crore fine over emission breach
In its statement issued on Friday, Hyundai Motor India denied media reports claiming that the company, along with other automobile manufacturers like Mahindra and Kia, could face a penalty of Rs 7,300 crore for breaching fleet emission levels. Hyundai refuted…
Audi India expects supply chain woes to slow sales this year, bets on new models
Audi India expects to end 2024 with a decline in car sales mainly due to supply chain disruptions exacerbated by global geopolitical uncertainties, a senior company executive said. The Volkswagen Group company expects to score a sales revival next year…
Mahindra, Tata prepare a warm welcome for Elon Musk
With Tesla CEO Elon Musk becoming one of the closest allies of US President-elect Donald Trump and getting a key job in Trump 2.0, he is in a position to influence US policy. Tesla had gone cold on its planned…
ZF Group sells 4.3 pc stake in Indian subsidiary for Rs 1,022 crore
New Delhi: German auto component supplier ZF Group on Wednesday divested a 4.32 per cent stake in its Indian subsidiary ZF Commercial Vehicles Control System (CVCS) India for Rs 1,022 crore, according to exchange data. According to the bulk deal…
Honda launches Activa E, QC1 electric scooters in India. Check price and features
Honda today announced the launch of the electric version of its bestselling scooter, the Activa. Named as Activa E, the new Honda scooter comes with two Honda Mobile Power Pack e: swappable batteries as its power source. The two-wheeler maker…
Mahindra unveils BE 6e and XEV 9e, ushering in the ‘born electric’ era
Mahindra & Mahindra (M&M) on Tuesday unveiled the highly-anticipated Born Electric range, featuring two electric SUVs—the BE 6e and XEV 9e. Launched on the ‘INGLO’ platform, this new lineup signifies a transformative step in Mahindra’s electric mobility strategy. Deliveries are…
Hyundai shares: Hyundai Motor India gets Rs 5 cr demand from Maharashtra tax authority
Hyundai Motor India Ltd on Tuesday said it has received a show cause notice with demand of over Rs 5 crore, including interest, from Maharashtra State Tax Authority for alleged excess input tax credit claim. In a regulatory filing, Hyundai…
Senior executives of JSW MG Motor likely to exit
MUMBAI: Almost a year after JSW Group forged a joint venture with SAIC-owned MG Motor India, JSW MG Motor India’s current management is set to see a major churn in the coming months. An email sent to the company remained…
Novonix: Australia’s Novonix inks deal to supply synthetic graphite to Volkswagen-founded PowerCo
PowerCo, founded by German automobile manufacturer Volkswagen, is a battery company overseeing international factory operations. Australian battery materials supplier Novonix said on Monday it had signed a binding offtake agreement with Volkswagen-founded PowerCo for the supply of a minimum of…
Honda Motorcycle & Scooter recalls GL1800 Gold Wing units to fix faulty component
Honda Motorcycle & Scooter India on Tuesday said it is recalling certain units of GL1800 Gold Wing motorcycle manufactured between March 2018 and May 2021. The voluntary recall is aligned with the global market action, the company said in a…
Expect tractor industry festive season sales to grow 8-10 pc this year: Escorts Kubota CFO
Tractor sales in the festive months, spanning from September to November, are expected to grow 8-10 per cent this year on the back of good monsoon lifting market sentiments, according to farm and construction equipment firm Escorts Kubota Ltd whole-time…
Automakers see slight growth in domestic sales after three months, driven by festive sales
After a gap of three months, carmakers in the local market reported a small uptick in dispatches, albeit on a high base, as consumers drove home vehicles during the festive period in October, spurting retails and bringing down inventory at…
Maruti Suzuki, Hyundai market share falls to 12-Year low in first half of FY25 as new entrants gain ground
New Delhi: The landscape of India’s passenger vehicle (PV) market is undergoing a notable transformation as the dominance of long-standing players declines while new entrants gain ground. According to a research report by Jefferies, the combined market share of the…
hyundai CNG cars: Hyundai Motor India bets big on CNG models, sees growing demand across rural & urban markets
Hyundai Motor India Ltd is betting big on CNG fuel option with sales of models equipped with the technology witnessing increasing demand across rural and urban markets in the country, according to a top company official. The company, which currently…
Indian Space Research Organisation: ‘If India Can Make Sensors for Rockets, it Can Make for Cars Too’
The chairman of Indian Space Research Organisation (Isro) has offered to help the domestic automobile industry produce vehicle sensors, which are currently imported at high prices. Speaking at the Bengaluru Tech Summit on Wednesday, S Somanath said that if Isro…
HMSI recalls CRF1100 Africa Twin units to rectify throttle operation
Honda Motorcycle & Scooter India on Thursday said it is recalling certain units of CRF1100 Africa Twin to rectify issues with throttle operation. The voluntary recall is aligned with the global market action, the two-wheeler maker said in a statement….
Sedans look to fightback in the age of SUVs
The auto industry is riding on the SUV wave, but that has not stopped company from focusing on sedans, despite a flat performance from the category. Maruti, India’s largest carmaker, released a highly upgraded version of Dzire sedan earlier this…
India to shift to ‘smartphone era’ for cars embracing 5G, advanced AI in 2025: Report
India is set to enter a transformative “smartphone era” for cars in 2025, with the introduction of vehicles featuring 5G M2M connectivity and advanced AI technologies, according to the latest findings from Techarc’s India Connected Consumer Report 2025. The report…
Meet the Acharya brothers; they helped enable DVDs, now they are turning cars into computers
While streaming platforms might have almost killed DVDs, many still remember it and if you have played the DVD on a laptop or television, it is likely made possible by a solution created by Margi Systems, a US company founded…
Nissan Magnite: Nissan ships 2,700 units of its latest Magnite compact SUVs to South Africa
Nissan has commenced exports of its latest compact Sports Utility Vehicle (SUV), the ‘Magnite,’ to South Africa, reinforcing India’s position as an export hub for the Japanese automaker, the company said. Less than a month after the launch of the…
M&M, Skoda-VW India JV talks hit speed bump as companies unable to reach consensus on key issues
Negotiations between Mahindra & Mahindra and Skoda Auto Volkswagen India on a potential 50:50 joint venture appear to have got stuck with the companies unable to arrive at common ground on key matters, said people aware of the ongoing deliberations….
sona comstar: You’ve always got to plan for bad times in good times: A life lesson for Sona Comstar’s Sunjay Kapur – The Economic Times Video
In this episode of “ET In Conversation,” we sit down with Sunjay Kapur, Chairman of Sona Comstar, a global leader in mobility technology with operations in India, the USA, Serbia, Mexico, and China. With 10 manufacturing facilities worldwide, Sona Comstar…
Tyre makers to see 7-8 pc topline growth this fiscal: Crisil
Tyre makers are expected to see a 7-8 per cent topline growth during the current fiscal, driven by a 3-4 per cent increase in realisations and volume, ratings agency Crisil Ratings said on Monday. This would be for the second…
India is a “strategic market” for Volkswagen: Piyush Arora, MD & CEO, Skoda Auto Volkswagen India
India is a “strategic market” for the Volkswagen Group, and it will continue to build on its product portfolio in the country, with or without a partner to capitalise on the growth opportunities here, Piyush Arora, Managing Director & CEO…
Tata Motors expects PV retail sales to sustain momentum in Q3
New Delhi: Tata Motors is expecting passenger vehicle (PV) retail sales to maintain growth momentum in the ongoing quarter driven by year-end demand, according to a top company executive. As per FADA data, festive demand helped PV retail sales rise…
Motown shifts gears: Carmakers move towards premium segments as mass-market growth slows
Mumbai: Leading mass-market carmakers are recalibrating product strategies to make more higher-margin vehicles, seeking to offset the impact of a circumspect 3-4% industry-level growth and rely instead on a customer segment that’s less sensitive to prices — and business cycles….
Mercedes-Benz India to hike prices by up to 3% from January 1
New Delhi: German luxury carmaker Mercedes-Benz on Friday said it will hike prices of its vehicles in India by up to 3 per cent on its entire model range in the portfolio from January 1, 2025, citing a rise in…
No brakes on tyre price hikes likely for now
Mumbai: Tyre prices in the domestic market that have been rising almost every quarter on the back of a steep increase in natural rubber prices in the international markets are set to rise further as manufacturers have guided for further…
India’s festive period retail auto sales grow 12%, dealers’ body says
India’s auto sales by dealers to customers grew by about 12% during this year’s festive season compared to the previous year, led by two-wheeler sales on the back of strong rural demand, data from a dealers’ body showed on Friday….
Need balance between tariff, non-tariff barriers to strengthen manufacturing sector: Mahindra CEO Anish Shah
Mahindra Group CEO and Managing Director Anish Shah on Thursday pitched for a balance between tariff and non-tariff barriers for a stronger manufacturing sector in the country. “Indian industry needs no protection. We’ve had no protection for the last 20…
Tata Motors: Tata clarifies on creating holding company to park Tata Motors’ demerged businesses
Tata Motors on Thursday issued a clarification on an ET report that said Tata Sons is understood to be creating a holding company for Tata Motors to house its passenger car and commercial vehicle businesses that are being demerged and…