Holdco to house Tata Motors’ demerged CV, PV businesses
Mumbai: Tata Sons is understood to be creating a holding company for Tata Motors to house its passenger car and commercial vehicle businesses that are being demerged and registered as two separate entities. The boards of these entities will also…
Passenger vehicle wholesales up marginally at 3,93,238 units in October: SIAM
Passenger vehicle wholesales increased marginally year-on-year to 3,93,238 units in October, industry body SIAM said on Wednesday. The overall passenger vehicle dispatches to dealers stood at 3,89,714 units in October, 2023. Total two-wheeler sales rose 14 per cent year-on-year to…
Mercedes takes India learnings on direct-to-consumer retailing to global markets
New Delhi:German luxury carmaker Mercedes-Benz is taking learnings on direct-to-consumer retailing of vehicles to its global market from India, where it has been able to clock a revenue of Rs 40,000 crore in three years of starting its ‘Retail of…
Maruti Suzuki unveils 4th Gen New Dzire with Z Series Engine, sunroof & 5 start Global NCAP rating – The Economic Times Video
Maruti Suzuki India launched the highly anticipated fourth-generation Dzire sedan, further strengthening the automobile’s position with its hot-selling compact sedan. The new Dzire boasts extensive design, safety, technology, and powertrain upgrades, promising a blend of comfort, safety, and style for…
A lot more needs to be done to educate Indians on road safety, says Maruti Suzuki MD
New Delhi: Indian traffic conditions are not at par with developed countries such as Japan, and in addition to equipping vehicles with safety features, a lot more needs to be done here to educate vehicle users to reduce road accidents…
Dzire price in India: Maruti Suzuki Dzire launched: Check price, key features and other details
Maruti Suzuki India on Monday launched the highly anticipated fourth-generation Dzire sedan, further strengthening the automobile’s position with its hot selling compact sedan. The new Dzire boasts extensive upgrades in design, safety, technology, and powertrain, promising a blend of comfort,…
Maruti Suzuki ties up with HSBC India for inventory funding
Maruti Suzuki India on Friday said it has inked a pact with Hongkong and Shanghai Banking Corporation India for inventory funding. The partnership will empower over 4,000 company sales outlets across the country, with comprehensive inventory funding options for their…
Bridgestone to invest $85 million in India
New Delhi: Japanese tyre major Bridgestone Corporation on Friday announced a $85 million (nearly ₹720 crore) investment to enhance production capacity and capabilities at its two plants in India. Bridgestone India, a subsidiary of Bridgestone Corporation (Bridgestone), will invest approximately…
Auto companies embrace premium retail formats to tap into India’s luxury market
As Indians’ appetite for luxury products and experiences continues to rise, automobile companies are launching exclusive new retail formats to cater to this demand, reported TOI. This shift comes even as the broader car market remains cautious and sluggish, despite…
As two-wheelers hit the country trail, cities trail
Rural markets have outpaced urban in two-wheeler sales growth for the first time since the pandemic, with executives at Hero MotoCorp, Honda Motorcycle & Scooter India and TVS Motor Co noting signs of a rebound in rural discretionary spending.Registrations of…
Tata Motors logs weak Q2 with 62 pc fall in net profit
Tata Motors trailed market expectations with a 62% drop in standalone net profit in the fiscal second quarter largely due to lower sales of cars, SUVs and commercial vehicles of its namesake brand. Sales at its British luxury car unit…
TVS mobility flags off Rs 2,000-crore fund race
TVS Mobility, the family office of TS Rajam and his successors, has tapped banks and credit funds to raise Rs 2,000 crore for capital expenditure by the businesses in its fold and for debt repayments, according to people aware of…
Having a very good cost base critical in India: Skoda Auto Executive
Mumbai: Czech carmaker Skoda Auto plans to lower its cost base in India with the Kylaq, the sub-compact SUV and also grow its stagnating market share. With its re-entry into the sub-compact segment after a 11-year hiatus, Skoda also hopes…
India says Mercedes improved pollution management at plant after failing checks
An Indian state said in October that Mercedes-Benz improved wastewater and air pollution management at its only car factory in the country after officials detected environment law lapses in recent inspections, government documents show. Pollution control officials in the western…
Motown reaps huge gains from double festive cheer in October
Vehicle registrations-a proxy for retail sales-surged 32% in October from a year earlier, propelled by the key festivals of Navratri and Diwali falling during the month, the Federation of Automobile Dealers Associations (FADA) said on Wednesday. Led by a 36%…
Auto retails get a festive season boost, overall sales jump 32% year-on-year
Vehicle registration– a proxy for retail sales, rose 32% year-on-year in October as both Navratri and Diwali—the major festivals fell in the same month, the Federation of Automobile Dealers Associations (FADA) said in a statement on Thursday. Led by the…
Hero MotoCorp plans to enter Europe, UK; to start with electric two-wheeler Vida
The country’s largest two-wheeler maker Hero MotoCorp Tuesday said it plans to enter Europe and the United Kingdom, starting with its electric vehicle brand Vida from the second half of 2025, as it looks to consolidate its presence in international…
Suzuki Motorcycle India vehicle sales rises 19 pc to 1,20,055 units in October
Mumbai: Japanese two-wheeler maker Suzuki Motorcycle on Tuesday said its vehicle sales in India jumped 19 per cent year-on-year at 1,20,055 units in October 2024. The company had sold a total of 1,00,507 vehicles in October last year, Suzuki Motorcycle…
Hero MotoCorp achieves record retails for 32-day festive period
The country’s largest two-wheeler maker Hero MotoCorp Monday said it achieved record retails for the 32-day festive period, starting Navratri. The company clocked sales of 1.6 million units between Navratri and Bhai Dooj this year, which is an increase of…
Ashok Leyland total sales fell 9% to 15,310 units in Oct
Commercial vehicle maker and Hinduja Group flagship firm Ashok Leyland on Monday said its total vehicle sales declined 9 per cent to 15,310 units in October. It had sold a total of 16,864 vehicles in the year-ago period. Total medium…
VW cost cutting necessary after ‘decades of structural problems’, CEO tells paper
Volkswagen’s planned cost-cutting programme was unavoidable in order to remedy “decades of structural problems” at the German carmaker, CEO Oliver Blume said in an interview published on Sunday. “The weak market demand in Europe and significantly lower earnings from China…
Car sales India: Maruti Suzuki looks to cash in on ‘few lakh marriages’ in Nov to fuel festive sales momentum
With a record October month behind, the country’s largest carmaker Maruti Suzuki India is banking on a “few lakhs marriages” slated for November to carry forward the festive sales momentum, according to a senior company official. The auto major clocked…
Update the CV: What commercial vehicle makers are doing to attract the reluctant millennial driver
Trucks are the automobile versions of long-distance runners. They carry a lone driver, tonnes of goods, solitude, a few songs and, sometimes, a colourful slogan near the tail lamp, “Has mat pagli pyar ho jayega (Don’t smile girl, I will…
Maruti, Hyundai report muted domestic wholesales in October
Auto majors Maruti Suzuki India and Hyundai reported muted sales performance in October as the companies curtailed dispatches to dealers in order to cut inventory build up. The country’s largest carmaker Maruti Suzuki India (MSI) said its total domestic passenger…
Record retail sales during festivals bring down inventory in car market
The festive season brought much relief to automakers who had been struggling with high inventory, with consumers lapping up cars and SUVs across categories. While sales of entry-level cars are yet to show signs of a turnaround, customers drove home…
Tata Motors total sales marginally down at 82,682 units in Oct
Tata Motors Ltd on Friday reported a marginal decline in its domestic and international sales at 82,682 units in October as compared to 82,954 units in the same month last year. Total domestic sales were marginally up at 80,839 units…
Zoomcar implements debt restructuring for the next long drive
Zoomcar has made some strides in its debt restructuring efforts as the self-drive car-sharing marketplace aims to reduce the company’s debt obligations of approximately $31 million out of its total outstanding liabilities as of June 30, 2024. Zoomcar has negotiated…
Renault Nissan Automotive India’s TN plant produces over 45 lakh powertrain units
The manufacturing facility of automaker Renault Nissan Automotive India Pvt Ltd in Tamil Nadu has reached a milestone of producing over 45 lakh powertrain units since commencing operation in 2010, the company said. The 600 acre facility at Oragadam near…
maruti share price: How long will Maruti cars be parked? Key official shares inventory outlook
Inventory levels for small cars at Maruti Suzuki could be as much as 40-45 days by the end of the month, while other segments are expected to maintain a comfortable 30-day stock, auto company’s Head of Marketing and Sales Partho…
Maruti’s top boss Bhargava is worried about muted buyer interest for vehicles priced below Rs 10 lakh
While the slowdown in cars sales in the first half of this fiscal is not a cause of concern, the continued decline in demand for vehicles priced below Rs 10 lakh is worrisome, Maruti Suzuki Chairman R C Bhargava said,…
Maruti Suzuki, Tata Motors eye record festive sales
New Delhi: Led by robust demand in the festive period, Maruti Suzuki India and Tata Motors are looking to have record retail sales in October. The companies are also eyeing bumper deliveries to customers on Dhanteras. The country’s largest carmaker,…
Bajaj Auto to invest up to $10 million in its first overseas manufacturing plant, Bajaj Brazil
Bajaj Auto Ltd, a prominent player in India’s two-wheeler market, on Wednesday announced an investment of up to $10 million in its fully-owned subsidiary, Bajaj Do Brasil Comercio De Motocicletas Ltda, commonly known as Bajaj Brazil. The investment, approximately ₹84…
Hyundai Motor India commits to desi market with new tech and EV plans after record IPO
Hyundai Motor India (HMIL), which listed on the bourses Tuesday with the country’s largest initial public offering, said it will continue to invest in the Indian market to expand capacity, deepen localisation and bring in new technologies that would include…
Consumers exploring both luxury, sustainable mobility alternatives: Survey
Consumers are exploring both luxury and sustainable alternatives, setting the stage for a new era in the Indian automotive sector, according to a survey by Grant Thornton Bharat. As per the survey — ‘Shifting Gears: Understanding Passenger Vehicle Market Trends’,…
Jaguar Land Rover expands global innovation network; launches hub in India
Jaguar Land Rover on Wednesday said it has launched an initiative in India to work closely with startups for developing the next generation of products and services that will help define the company’s future client experiences. The Tata Motors-owned marquee…
For new-age car buyers, connected features become a driving factor
Connected cars are increasingly gaining popularity among new-age buyers, who are demanding continuous connectivity while travelling and enhanced safety features in their wheels of choice. The share of connected cars in passenger vehicles sold in the Indian market doubled to…
This festive season, motown sees unusual mix of waitlists and discounts across segments
Mumbai: The passenger vehicle market is witnessing a paradox this festive season: some models command waiting periods of up to 96 weeks with no discounts while others are offering cash discounts as high as ₹4.5 lakh to manage inventory pileups….
software defined vehicles: India right place for software defined vehicles, says PTC top official
Despite the slump in the Indian automotive industry, Neil Barua, newly appointed CEO of PTC, a Nasdaq-listed global software company that, among others, provides product development software to global automakers like Volkswagen, BMW, and Toyota, said India is the right…
Honda to replace faulty fuel pumps in 90,468 old units of select models in India
Japanese auto major Honda Cars India Ltd (HCIL) Friday said that it has expanded its previously announced campaign to voluntarily replace faulty fuel pumps in 90,468 old units of its select models in India. Additionally, the campaign will cover 2,204…
GST appeals authority upholds demand notice of Rs 139 cr against Maruti Suzuki
Maruti Suzuki India (MSI) on Wednesday said a Haryana GST appeals authority has upheld a tax demand of Rs 139.3 crore against the company. “The Commissioner (Appeals) has passed an order for period July 2017 to August 2022 upholding the…
Ford: Ford may produce hybrids & ICE engine parts at Chennai plant
Reuters Ford announced that it has submitted a Letter of Intent to the Government of Tamil Nadu. American auto major Ford may opt for a combination of electric vehicles, hybrids and internal combustion engine components as its manufacturing strategy for…
Gujarat Fluorochemicals: Gujarat Fluorochem EV Division Secures INR 1k cr for Expansion
Reuters The global opportunity for the EV battery chain is estimated to reach USD 300 billion by 2030. Gujarat Fluorochemicals on Wednesday said its electric vehicle products subsidiary, GFCL EV Products, has raised INR 1,000 crore at an equity valuation…
Mahindra SUV: Mahindra inaugurates 2 new testing facilities in Tamil Nadu
Mahindra & Mahindra on Wednesday inaugurated two testing facilities, including the one to test the safety of its SUVs, at Kanchipuram in Tamil Nadu. The company formally opened a passive safety lab and a battery and cell research laboratory for…
Auto parts companies riding high on premiumisation
Mumbai: Makers of car sensors, sunroofs, alloy wheels, ADAS (advanced driver assistance systems) instrument clusters and other such parts and systems are experiencing surging demand due to the premiumisation wave sweeping India’s growing automobile industry. These companies have become a…
Talegaon plant to provide more headroom for growth in domestic, int’l markets: Hyundai Motor
Hyundai Motor India on Tuesday said its planned capacity expansion at the Talegaon manufacturing facility in Pune at an investment of Rs 6,000 crore will give it more headroom for growth in domestic and international markets. The company also said…
Motorcycle industry sales below expectations so far this festive season: Bajaj Auto
Motorcycle sales in the ongoing festive season so far are below expectations as demand is muted and the industry will be lucky if it sees 3-5 per cent growth compared to last year, Bajaj Auto Executive Director Rakesh Sharma said…
Mercedes-Benz: Merc’s sustainability plans beyond auto tech
In an ET exclusive interview with KumKum Dasgupta, Mercedes-Benz board member Renata Jungo Brüngger lays out the luxury and commercial carmaker’s elaborate plans for a sustainable business – they go beyond climate protection. India is a growing market for Mercedes-Benz….
Tesla’s ‘full self-driving’ faces defect probe in US after fatal crash
The US opened a federal investigation into whether Tesla’s partial-automation system marketed as Full Self-Driving is defective after a series of crashes, one of which resulted in a fatality. The National Highway Traffic Safety Administration said Friday it will assess…
Entry-level sales ride on two wheels this festive season
New Delhi | Mumbai: Sales of motorcycles and scooters rose in double digits during the NavratriDussehra period, with a strong pickup in demand for entry-level models indicating an improvement in sentiment in a crucial market for two-wheelers—rural India. Executives at…
CEAT: Expect easing of pressure from high natural rubber price in H2: CEAT MD & CEO Arnab Banerjee
Homegrown tyre major CEAT Ltd expects easing of pressure from high raw material costs in the second half of the ongoing fiscal after being impacted by 15-year high domestic natural rubber prices, according to its Managing Director and CEO Arnab…
Tyre major Ceat: Ceat to expand Chennai plant
TNN Ceat is also expanding its PCR (passenger car radial) capacity in its Chennai plant. Tyre major Ceat has embarked on a significant capacity expansion project for its Chennai plant. Said Arnab Banerjee, MD & CEO, Ceat Tyres: “We have…
TVS Srichakra: Eurogrip to roll out next generation fuel efficient tyres for EVs
TNN The company has a product range of 250 tyres, of which about 12 are for the EV segment. Tyre major TVS Srichakra, which manufactures two and three-wheeler tyres under the brand Eurogrip, is developing next generation fuel efficient tyres…
Maruti Suzuki’s Manesar plant becomes fastest to hit 1 crore production milestone globally
Maruti Suzuki India Limited has reached a significant milestone, with the Manesar facility crossing the 1 crore cumulative production mark. According to Maruti Suzuki, the vehicle to roll out from the plant was the popular compact SUV, Brezza, underscoring the…
Hyundai Motor submits PFR to take up modernisation of Tamil Nadu plant at a cost of Rs 1,500 crore
Chennai, Hyundai Motor India, the subsidiary of Korean auto major Hyundai, has submitted the pre-feasibility report to take up revamping and modernisation of its facility in Tamil Nadu at an outlay of Rs 1,500 crore. The expansion at the existing…
It’s retro, it’s futuristic, it’s a Ferrari supercar, all for $3.9 million
Ferrari has unveiled its first new supercar in more than a decade, a ₹3.6 million ($3.9 million) car that’s a futuristic twist on a famous 1980s design. The new F80 – with a 1,200-horsepower V6 hybrid engine – is one…
Mahindra, Kia, Toyota Kirloskar Motor steer clear of slow lane
New Delhi: Only three out of 15-odd passenger vehicle makers in India recorded sales growth in the first half of this fiscal year, underscoring continued weak consumer sentiment and sluggish demand in the world’s third-largest automobile market. Mahindra & Mahindra…
Bajaj Auto Q2 net up 9% on strong local and export volumes
Mumbai: Bajaj Auto’s net profit went up 9% in the September quarter over the year-ago period, driven by a robust operational performance across two- and three-wheelers in the exports and domestic markets and a higher contribution of pricier models in…
Skoda looks to tap lucrative sub-4 mtr segment with compact SUV Kylaq
Czech automaker Skoda is looking to get into the high volume segment in the Indian market as it gears up to drive in all-new compact SUV Kylaq in India, according to a senior company official. The company, which currently sells…
Nitin Gadkari asks automakers to make flex fuel vehicles more acceptable to public
Road transport and highways minister Nitin Gadkari, on Tuesday, chaired a review meeting with representatives of the Society of Indian Automobile Manufacturers (Siam) to discuss the readiness of the automobile industry for ethanol and flex fuels. Discussions were held on…
Car sales in India: Slow start in FY25 but festive season boost expected
Car sales in the first half of the fiscal year has been slower than expected, but with the onset of the festive season demand is expected to gain momentum helping bringing down stocks in the network, Society of Indian Automobile…
GST on cars: Govt issues notices to auto majors seeking old GST dues
The central government on Monday issued notices to major automakers, demanding payment of past Goods and Services Tax (GST) dues worth Rs 10,000 crore, for non-payment of compensation cess on sold vehicles, says ET Now citing sources. The automakers have…
Mercedes-Benz: Luxury car Companies ‘going long’ on India portfolio
Long-wheelbase or stretch luxury sedans of Mercedes-Benz, BMW and Audi among others are gaining traction among senior company executives and high net worth individuals, pushing automakers to increasingly roll out such vehicles. This reflects a rare bright spot in the…
Kinetic Engineering to invest Rs 30 cr in subsidiary Kinetic Watts and Volts
Kinetic Engineering Ltd will invest Rs 30 crore in its subsidiary Kinetic Watts and Volts as it looks to focus on expanding research, development, and manufacturing capabilities of the new venture, the company has said. Pune-based auto component maker Kinetic…
It’s an automatic shift! Car buyers changing gear fast for smooth drive
Mumbai: An increasing number of mainstream car buyers in the country are opting for automatic transmission (AT) vehicles despite their higher price tags, lured by smoother driving experiences and improved fuel efficiency. Once considered a luxury, ATs now represent approximately…
Tata proved to be an excellent steward of JLR, will inspire generations of biz leaders: Ford
Indian Railway Finance Corporation Share Price 152.4 03:59 PM | 11 Oct 2024 0.97(0.65%) Suzlon Energy Share Price 74.39 03:59 PM | 11 Oct 2024 -1.05(-1.4%) Indian Renewable Energy Development Agency Share Price 228.61 03:59 PM | 11 Oct 2024…
electric vehicles: Hyundai India announces to invest Rs 32,000 crore in India over next 10 years
Hyundai Motor India has planned an investment of Rs 32,000 crore in the country over the next 10 years, between 2023 to 2032, said Unsoo Kim of Hyundai Motor India during the HMIL IPO-related press conference on Wednesday at Mumbai….
Hyundai IPO aimed to further Indianise operations: Company official
The upcoming Rs 27,870 crore initial public offering of the Indian arm of South Korean automaker Hyundai, the first such instance of the company listing its subsidiary in an overseas market, is aimed to further Indianise operations, a senior company…
Tata Curvv Drive: Petrol vs Diesel variant explained – The Economic Times Video
In a special ET video, we explore the captivating experience of driving the all-new Tata Curvv, comparing its petrol and diesel variants. We’ll delve into the performance, efficiency, and unique features of each version, showcasing what makes the Curvv stand…
The Indica story: Behind Tata’s buyout of iconic JLR, an old tale of humiliation
Behind Tata Motor’s big-bang buyout and the eventual turnaround of the iconic but troubled Jaguar Land Rover (JLR) brand, there was an old tale of abject humiliation meted out to Ratan Tata and his passenger car business team by some…
Ratan Tata life: Ratan Tata’s Nano: Ambition, affordability & the stigma of being ‘cheap’
One of Ratan Tata’s most ambitious projects was undoubtedly the Nano which was perhaps one that was closest to his heart. The car, which was conceptualised by Tata in the early 2000s, was aimed at providing middle-class Indians with a…
Vehicle Scrapping: More sops to boost scrapping of old vehicles in works
India is looking at extending additional sops for scrapping old vehicles amid a lacklustre response from owners to the current set of incentives, according to officials aware of the move. The government has initiated a comprehensive inter-ministerial review of the…
Bridgestone Turanza 6i: Revolutionising comfort with performance
In today’s rapidly evolving automotive landscape, comfort and performance are key drivers for consumer choices. Bridgestone, with its latest tyre offering—the Turanza 6i—sets new benchmarks by combining cutting-edge technology and engineering for a smoother and quieter driving experience. At the…
About 1.1 mn old medium & heavy CVs offer significant potential for scrappage: ICRA
Around 1.1 million medium and heavy commercial vehicles (M&HCVs), older than 15 years as of March 31 this year, offer a significant potential for scrappage, ratings agency ICRA said on Tuesday. While the actual scrappage could possibly be lower given…
JLR sales: Jaguar Land Rover retail sales fall 3 pc to 1,03,108 units in Q2
Tata Motors-owned Jaguar Land Rover on Monday reported a 3 per cent decline in retail sales at 1,03,108 units in the second quarter of the current fiscal as compared to the year-ago period. Retail sales for the first six months…
Fada: September auto retails down 9.26% on heavy rainfall, weak sentiments
Weak consumer sentiments and above-normal rainfall dampened retail sales of passenger vehicles, two-wheelers and commercial vehicles in September, pulling the overall sales to customers down 9.26% year on year to 1,723,330 units, Federation of Automobile Dealership Associations (Fada) said on…
M&M may launch its first petrol-hybrid SUV in 2026
Mahindra & Mahindra (M&M) has started developing strong hybrid technology and will be ready to launch its first petrol-hybrid model in 2026, seeking to claim a stake in the small but fast expanding segment, which is currently dominated by Toyota…
Nissan Magnite: Nissan Magnite facelift launched at Rs 5.99 lakh; here are the features, specification, engine details
Nissan on Friday launched the Magnite facelift for the sub-4-metre-compact SUV for Rs 5.99 lakh for the first 10,000 bookings. While the registrations had started last week, the deliveries of the new models will commence on Saturday. The facelift has…
Classic Legends aim at higher sales in premium motorcycles segment
Classic Legends Pvt Limited, which relaunched iconic brands like Jawa and Yezdi in the country almost four years back, is aiming at higher sales in the premium motorcycles segment, an official of the company said on Friday. Starting operations in…
Green GST tax may help buyers shift towards greener cars, says Vikram Pawah, president of BMW Group India
Mumbai: Levying a ‘green GST (goods and services tax)’ on cars-where the tax rate goes up or down based on the vehicle’s emission levels-will be the ideal path towards achieving carbon neutrality, said Vikram Pawah, president of BMW Group India….
Global sunroof companies look to ride the giant India wave
A growing enthusiasm for car sunroofs is pushing the world’s leading makers of the feature to join local partners in ramping up investments to tap this burgeoning market. Netherlands-based Inalfa Roof Systems along with its partner Gabriel India is looking…
BMW, MINI record 10 pc sales growth in Jan-Sept
German luxury carmaker BMW Group on Friday said its BMW and MINI brands recorded a 10 per cent year-on-year increase in sales, at 10,556 units in India during the January-September period of 2024. The number of cars (BMW and MINI)…
Suzuki Motorcycle Sept sales rise 1% to 99,185 units
Japanese two-wheeler maker Suzuki Motorcycle India on Thursday said its sales in September rose 1 per cent to 99,185 units. In the year-ago month, the company had sold 97,994 units. In the domestic market, sales were 77,263 units last month…
Kia keeps faith in SUVs, airs doubts about policy shifts
Kia India plans to launch a mass market EV and another sub-four metre compact SUV in 2025 as part of a plan to step up its presence in the domestic market and reach a volume of 430,000 units by 2030…
Car sales decline for third straight month in September
Car sales in the local market declined for the third straight month despite automakers offering hefty discounts to boost demand. As per industry estimates 355,000-360,000 cars, sedans and utility vehicles were sold in September, which is a decline of about…
Royal Enfield sales rise 11% to 86,978 units in September
Motorcycle maker Royal Enfield on Wednesday said its total wholesales increased 11 per cent year-on-year to 86,978 units in September. The company had dispatched 78,580 units in September 2023. In the domestic market, dispatches increased 7 per cent year on…
Tata Motors to accelerate maintenance shutdown amid rising stockpiles, declining sales
Tata Motors is set to advance the annual maintenance shutdown of its passenger vehicle plants due to mounting stockpiles-equivalent to up to two months of sales-amid slowing sales across its petrol, CNG and electric cars, multiple people aware of the…
Buying a car this festive season? Companies would want you to
Are you planning to buy a car this festive season? Over the past couple of months, car sales have been on a downward trend. But automakers are banking on some hefty discounts and enticing promotional offers tied to the festive…
Bajaj Auto sales jump 20 pc to 4,69,531 units in September
Bajaj Auto on Tuesday said its vehicle sales jumped 20 per cent to 4,69,531 units in September 2024 from 3,92,558 units sold in the same month of last year. During the reporting month, domestic sales rose 23 per cent to…
TAFE locked in legal battle with US’ AGCO Corporation over use of tractor brand Massey Ferguson in India
Chennai-based Tractors and Farm Equipment Ltd (TAFE) is locked in a legal battle with US agricultural machinery manufacturer AGCO Corporation regarding the use of tractor brand Massey Ferguson in India. On Monday, NYSE-listed AGCO ‘terminated’ several agreements with TAFE, including…
Tata Nexon CNG launched in India: Check Price, feature, specifications, and other details
Tata Motors has officially launched the long-awaited Tata Nexon CNG SUV in the Indian market. The new model is available in eight variants: Smart (O), Smart+, Smart+ S, Pure, Pure S, Creative, Creative+, and Fearless+ S. Customers can book the…
Tata Motors: Tamil Nadu CM Stalin lays foundation stone for Tata Motors’ Rs 9,000 cr manufacturing plant in state
Tamil Nadu Chief Minister M K Stalin on Saturday laid the foundation stone for a new manufacturing facility of auto major Tata Motors here entailing investment of Rs 9,000 crore. The ground breaking ceremony was held at Panapakkam in this…
Auto companies ramp up discounts, cut prices amid demand revival hope
Automakers are hoping for October to bring the demand spike that is typical of the festive period, after a subdued start to the season, with sales during Onam and Ganesh Chaturthi failing to match expectations. And to entice potential buyers…
MG WINDSOR EV: SHOULD YOU BUY INDIA’S FIRST INTELLIGENT CUV? | FIRST IMPRESSIONS – The Economic Times Video
MG Motor India has officially revealed its first-ever Crossover Utility Vehicle (CUV), the all-electric Windsor EV, marking a significant addition to its electric vehicle portfolio. The Windsor EV will be priced starting Rs 9.9 lakh. The pricing of Windsor EV…
Cash in as India’s top two two-wheeler makers Hero and Honda battle it out this festive season
Mumbai: The festive season will be crucial for India’s top two two-wheeler makers as the duo, accounting for more than half of the market, plan to intensify their slugfest and go all out to chase volumes and market share with…
Can Indian electric two-wheelers challenge China’s dominance?
India has a large and growing electric two-wheeler (E2W) market but it exports less than 2% of its E2Ws. Recently, Union Transport Minister Nitin Gadkari remarked that India, the second largest EV market in the world, has potential of becoming…
government subsidies: EV industry in India is not relevant without incentives: Bernstein
The journey of shifting to electric mobility is not going to be easy for automakers as it is tough to generate profitable margins and get scale in the electric vehicles (EVs) segment, says a research report by Bernstein. The report…
Hardening rubber prices to put pressure on tyre makers’ margin: Crisil
Pune: Tyre makers are headed for a rough patch as the price of natural rubber has increased more than 33% on-year in just the first five months of this fiscal year amid strong demand and crunched supply, which could strain…
Hyundai’s mother of all IPOs: Where the carmaker stands, where it’s headed
Hyundai Motor India Ltd, the most successful foreign automaker in the country where a few others have failed, has reportedly got nod from the Securities and Exchange Board of India for its initial public offering (IPO), the largest ever in…
ANAND Group invests Rs 600 crore to boost electric vehicle and SUV component manufacturing
Auto component major ANAND Group is investing Rs 600 crore in the ongoing financial year to strengthen its capabilities, including in bringing advanced and emerging technologies to the Indian market, especially for electric vehicles and sports utility vehicles. The investment…
Sales of premium SUVs run out of steam as sales drop 18% this fiscal
Consumer fatigue for large sport-utility vehicles (SUVs) seems to be setting in, with sales of premium models priced upwards of Rs 20 lakh such as Hyundai Tucson, Toyota Fortuner and Jeep Meridian falling by 18% in the first five months…
Tata Curvv ICE: Top vs base model features, all variants explained! – The Economic Times Video
The Tata Curvv ICE, launched by Tata Motors, ranges between ₹9 lakh and ₹20 lakh. With four trims—Smart, Pure, Creative, and Accomplished—each variant offers distinct features and engine options in petrol and diesel. ET’s Neha Vashishth details what makes each…
Mahindra and Skoda likely to sign pact for proposed JV soon
Top executives of Mahindra & Mahindra and Skoda Auto Volkswagen India (SAVWIPL) are likely to meet over the next few days in Mumbai to discuss forming a potential car manufacturing joint venture in India, said people familiar with the matter….
Mercedes-Benz expands EV lineup in India amid growing demand
German luxury carmaker Mercedes Benz has firmed up plans to locally assemble a second electric vehicle in the country enthused by steady demand for these cars. Mercedes Benz India Managing Director Santosh Iyer told ET, “There is currently no other…
Luxury car buyers switch gears, go for top-end variants
New Delhi: Just the luxury tag doesn’t excite buyers in India’s market for high-end cars; they are increasingly looking for premiumness in what already is a highly discerning segment. At Mercedes-Benz India, vehicles priced upwards of ₹1.5 crore accounted for…
Luxury carmakers Mercedes, Audi, BMW expect robust sales this festive season
NEW DELHI: Luxury carmakers Mercedes-Benz, Audi and BMW are eyeing robust sales during the festive period this year with demand for high-end cars continuing to see an upward trend in India. In an interaction with PTI, Mercedes-Benz India MD and…
MG Windsor: MG Motor Windsor EV prices revealed: Check variants and features of ‘intelligent’ CUV
JSW MG Motor India on Saturday revealed the prices for its latest launch, the MG Windsor. The “intelligent” crossover utility vehicle, and India’s first, as MG calls it, will carry a starting price tag of Rs 13,49,800 (Ex-Showroom). This price…
Michelin: Foundation stone laid for Michelin India’s tyre plant in Tamil Nadu
The foundation stone laying ceremony for the manufacturing facility of tyre major Michelin, was held near here on Saturday, Minister for Industries TRB Rajaa said. The plant located in neighbouring Tiruvallur district would be expanded at an investment of Rs…
Hyundai not responsible for dealer’s omissions, says Delhi consumer commission
The Delhi State Consumer Disputes Redressal Commission has upheld a district forum order, holding the manufacturer and customer relation office of Hyundai Motors India as not responsible for any wrongdoing or omission by an authorised dealer. The authorised dealer did…
Bombay HC grants temporary relief to CEAT in case against Apollo Tyres’ ads
The Bombay High Court has directed Apollo Tyres Ltd. to stop circulating advertisements that allegedly disparage CEAT Ltd’s car tyre variant ‘Crossdrive AT’ until further order, granting temporary relief to the RPG group-owned listed tyre company. In a recent order,…
Plant for making automotive parts for BMW to come up in Punjab; CM Mann to lay foundation stone
Punjab Chief Minister Bhagwant Mann on Thursday assured full support to Modern Automotives for its plans to expand its project in the state and manufacture parts for luxury car maker BMW. A delegation of the Modern Automotives Ltd comprising its…
Uno Minda lines up over Rs 610 crore investments on new plant in Indonesia, India capacity expansion
Auto components maker Uno Minda Ltd on Thursday announced investments of more than Rs 610 crore on setting up a new plant in Indonesia and expanding domestic capacity in India. The company’s wholly-owned subsidiary, PT Minda Asean Automotive (PTMA), has…
Maruti plans 25,000 charging points ahead of its first EV launch
Mumbai: Ahead of the launch of its maiden electric vehicle, a midsize SUV called Concept eVX, in January 2025, Maruti Suzuki India plans to set up close to 25,000 EV charging points, multiple people aware of its plans said. In…
Plan to launch six new products under Renault-Nissan alliance is on schedule: Official
Chennai: The plan to roll out six new products, including two electric vehicles under the Franco-Japanese automotive alliance Renault Nissan, at a total outlay of Rs 5,300 crore has been progressing and is on schedule, a top official of French…
Triumph Speed T4 launched: Superbike maker unveils its most affordable bike at Rs 2.17 lakh. Check features, Specs
Triumph India has introduced its latest motorcycle, the Speed T4, priced at ₹2.17 lakh. This new model is the most affordable Triumph bike available in India, marking a significant entry into the budget-friendly segment for the brand. The Speed T4…
Bajaj looks to expand Triumph range, sales network to fuel future growth
Bajaj Auto plans to expand the product line up and bolster sales network under the Triumph brand to consolidate its position in the robustly growing domestic mid-size motorcycle segment, according to a senior company executive. The Pune-based firm, which has…
M&M looks to drive into South East Asia market, ramp up in South Africa
Mahindra & Mahindra, which leads India’s pick-up truck market with a 51% share, is looking to enter Southeast Asia and step up presence in South Africa with its latest Veero range. “We have been selling the Scorpio pick-ups in several…
HMSI recalls 300-350 cc bikes to replace faulty parts
Honda Motorcycle & Scooter India on Monday said it is recalling certain units of its bike models like CB350 and H’ness CB350 due to issues with wheel speed sensor and camshaft. The company is recalling CB300F, CB300R, CB350, H’ness CB350…
Scooter sales growth surpasses that of bikes
Mumbai: Scooters are experiencing a renaissance in the Indian market, even outpacing the traditional reign of motorcycles. Expansion of electric mobility, urban congestion and rising female participation in the workforce are among factors which lifted the share of scooters in…
“15.6-inch Infotainment, Reclining Seats, and Panoramic Sunroof”
The Windsor EV boasts an unconventional, bold design with a high-set bonnet, split headlamps, and sleek rear light bar. Inside, it’s a tech-lover’s dream with a 15.6-inch touchscreen, 360-degree camera, panoramic sunroof, and recline-enabled rear seats. Powered by a 38…
CNG, hybrid cars take expressway to drive past EVs
Mumbai: The Indian car market’s adoption of alternative fuels continues to be driven by CNG-run vehicles. Hybrids, too, are outpacing electric vehicles in the country at a time when the global EV market shows signs of stagnation. Sales of CNG…
Discounts, offers drive car, electronics sales in Onam, Ganesh Chaturthi
New Delhi/Kolkata: Hefty discounts and promotional offers have helped trigger some uptick in car and consumer electronic sales during the ongoing Ganesh Chaturthi and Onam festivals – which herald the festive season – after sluggish demand so far this year….
Micro SUVs take the wheel as Motown hits rough patch
Micro SUVs are gaining traction in India, becoming a bright spot for the domestic car industry battling a sales slowdown this year. The rush for such small SUVs underscores a broader shift towards SUVs from traditional cars in the world’s…
Passenger vehicle sales in India fall for second straight month in August
Sales of passenger vehicles in the local market fell for the second straight month in August, on a high base, and with carmakers curtailing dealer dispatches to rationalise record-high inventory levels. According to data available work industry body Society of…
With sales in the slow lane, car companies ramp up September discounts
Carmakers are offering deeper discounts in a desperate push to entice buyers and clear inventory as sales remain sluggish. Starting this month, the level of discounts has risen to 12-14% of the average selling price (ASP) of a vehicle from…
How MG Windsor EV’s Battery Subscription model works: CCO Satinder Singh Bajwa explains – The Economic Times Video
Satinder Singh Bajwa, Chief Commercial Officer of JSW MG Motor India, speaks with Diksha Tripathi of ET Online about the innovative battery subscription model introduced with the new MG Windsor EV. Bajwa explains how this approach aims to reduce the…
FADA seeks legislative safeguards to prevent OEMs exiting abruptly
Automobile dealer body FADA on Wednesday sought legislative safeguards to prevent companies from exiting the country abruptly in order to safeguard the interest of dealers and employees working at the dealerships. Speaking at the 6th Auto Retail Conclave here, newly…
JSW MG Motor India looks to move away from internal combustion engine petrol, diesel vehicles
JSW MG Motor India, the recently formed joint venture between MG Motor and Sajjan Jindal-promoted JSW Group, is looking at moving away from conventional internal combustion engine petrol and diesel vehicles and focus on new energy vehicles for the future,…
Now, drive up to 20 km on expressways for free per day with satellite navigation
Vehicles equipped with a functional Global Navigation Satellite System (GNSS) will be able to drive up to 20 km on highways and expressways free per day, the road ministry said on Tuesday. The relief comes following the amendment in the…
auto PLIs update: Govt gets investment proposals worth Rs 75,000 cr under auto PLI scheme: HD Kumaraswamy
The government has received investment proposals worth around Rs 75,000 crore under the auto PLI scheme of which close to Rs 18,000 crore has already been invested, Union heavy industries minister H D Kumaraswamy said on Tuesday. Speaking at the…
Tata Motors slashes entry prices of several models including Nexon, Harrier by up to Rs 2.05 lakh
Tata Motors has announced its ‘Festival of Cars’ campaign, offering amazing deals for this festive season. The automaker has reduced prices on its popular cars and SUVs by up to Rs 2.05 lakh.According to Tata Motors, these special festive offers…
Piyush Goyal urges auto component makers to boost production, cut imports, target $100 bn exports
New Delhi: Commerce and Industry Minister Piyush Goyal on Monday asked Indian auto component makers to explore ways to cut reliance on imports and boost local manufacturing to make the country a net exporter of these products. The minister also…
Amid slowdown, lenders line up offers to turbocharge rural auto sales
The slowdown in rural demand for automobiles has prompted banks and finance companies to dole out offers for the festive season including lower interest rates, free insurance and longer repayment tenures. Experts said India’s auto industry is saddled with nearly…
Hyundai Aura Hy-CNG E trim with 1.2L Bi-Fuel engine at Rs 7.48 lakh ex-showroom price
Hyundai India today launched the Aura Hy-CNG E trim at INR 7 48 600/- (Ex-showroom). Hyundai said to have sold over 200,000 units of Aura since its launch and the Hy-CNG E variant is expected to appeal to eco-conscious buyers….
Minda Corp inks licensing pact with China’s Sanco to tap EV market
NEW DELHI: Auto components maker Minda Corporation Ltd on Wednesday said it has signed a technology licensing agreement with China’s Sanco Connecting Technology to offer electrical distribution systems solutions for the electric vehicles market. Sanco Connecting Technology is a leader…
FADA: Automobile sales declines 7.01 pc in August, above normal monsoon attributed to poor performance: FADA
Federation of Automobile Dealers Association on Thursday released the retail details for the month of August. The total growth of the industry was just 2.88 per cent YoY, with varying performance across segments. The total number of automobile sales in…
car discounts: Double-whammy for India’s car dealers: Rising inventory and increasing demand for discounts
Stung by leftover inventory and unsure about consumer spending, India’s auto dealers are worried about having to discount more to boost demand in the upcoming festive season, a representative of the dealers’ body said on Thursday. The double whammy of…
Hyundai Motor adds two new variants under EXTER portfolio
Automobile major Hyundai Motor India has rolled out two new variants on its popular entry level sports utility vehicle EXTER, the company said on Friday. The S(O)+ variant, equipped with manual transmission is priced at Rs 7,86,300 (ex-showroom) while S+…
Passenger, commercial vehicles retail sales skid in August as heavy rains dampen sentiment
Retail sales of passenger and commercial vehicles in India fell in August from a year earlier as excessive rainfall in several states weighed on consumer sentiment and economic activity, worsening woes for automakers. While passenger vehicle sales fell by 4.5%…
Passenger, commercial vehicle registrations fall in August as floods, rainfall disrupt sales
Registrations of passenger as well as commercial vehicles fell last month with excess rainfall, floods disrupting retail sales in several states in the local market. While passenger vehicle sales declined by 4.5% to 309,053 units, commercial vehicle retails slid 6.05%…
Maruti, Toyota may have a reason to worry: 48% GST on hybrid cars, 5% on EVs to continue
In what can be disheartening for auto companies such as Maruti Suzuki, Toyota and Honda, G20 Sherpa Amitabh Kant announced on Tuesday that the government will maintain a large duty differential between electric vehicles and hybrids to promote zero-emission technologies…
Two-wheeler makers should provide helmets to vehicle buyers at a discount: Nitin Gadkari
Union minister Nitin Gadkari on Wednesday said two-wheeler manufacturers should provide helmet to the purchaser of the vehicle at a discount or reasonable rate as many people die in road accidents just for not wearing helmets. Addressing an event here,…
Classic Legends may hit the IPO route in FY27, co to focus on ramping up volumes
Mumbai: Mahindra & Mahindra-backed motorcycle maker Classic Legends is planning an initial public offering (IPO) in the financial year starting April 1, 2026, cofounder Anupam Thareja said. The company manufactures and markets the Jawa, Yezdi and BSA motorcycle brands in…
customer service index: Kia, Audi lead FADA’s overall Customer Service Index in mass and luxury segments
The Federation of Automobile Dealers Associations (FADA) announced the results of the 2024 customer experience index in collaboration with Frost & Sullivan, on Tuesday. The study revealed that Kia leads the overall customer experience in the survey in the mass…
Brezza races past Creta, tops sales charts in August
New Delhi: Maruti Suzuki’s workhorse SUV Brezza raced past Hyundai Motor India’s Creta to occupy the top slot on the sales chart last month. Maruti Suzuki sold 19,190 units of the Brezza in August, ahead of Hyundai’s flagship SUV, Creta…
Maruti Suzuki, Hyundai and Tata Motors reduce wholesale deliveries amid low consumer demand
Top car companies including Maruti Suzuki, Hyundai, and Tata Motors have cut wholesale deliveries to dealerships due to subdued consumer demand compared to last year, leading to inventory accumulation, reported TOI. This reduction comes as the industry gears up for…
Tata Motors: Tata Motors sales dip 8% to 71,693 units in August
New Delhi: Tata Motors on Sunday reported an 8 per cent rise in total wholesales at 71,693 units in August as compared with 78,010 units in the same month last year. The total domestic sales stood at 70,006 units last…
Auto sales decline for second straight month in August
Sales of passenger vehicles in the local market declined for the second straight month in August, on a high base, and with carmakers reducing dispatches to rationalise stocks at dealerships. According to industry estimates around 350,000-355,000 cars, sedans and utility…
Why India’s auto industry is betting big on the grand re-entry of small cars
Once the driving force behind India’s automobile industry growth and then pushed to the sidelines by SUVs in recent years, small cars are set to make a strong comeback, say experts. A recent surge in two-wheeler sales is an indication…
2024 Maserati GranTurismo launched in India: Price, specs, and features
Maserati launches the 2024 GranTurismo in India with a new 3.0L V6 engine, AWD, and advanced features. Priced from ?2.72 lakh, the model includes Modena and Trofeo trims.
Navigating ERP implementation for long-term SME success – The Economic Times Video
Sunil Jain, President and Executive Director of Rajoo Engineers Limited, Biren Parikh, CIO of Symphony Limited, and Vishal Raj Saini, Country Head – India and Indian Subcontinent at Epicor Software joined the third episode of the Economic Times webinar series,…
Maserati unveils second-generation GranTurismo: Check price, design, and more
Italian luxury carmaker Maserati introduced the second-generation GranTurismo in India on Friday, expanding its lineup with this new grand tourer. The GranTurismo is available in two petrol variants: the Modena, priced at Rs 2.72 crore, and the high-performance Trofeo, priced…
Mahindra & Skoda VW poised for 50:50 EV joint venture: Focus on battery-powered SUVs
Mahindra & Mahindra (M&M) and Skoda Auto Volkswagen India (SAVWIPL), the Volkswagen Group’s wholly owned India subsidiary, are in advanced stages of forming a 50:50 joint venture to share costs, technology and vehicle platforms for future product development. While the…
Eicher to incentivise customers scrapping old vehicles for new ones
Eicher Trucks and Buses, a business unit of VE Commercial Vehicles, on Thursday said it has launched a programme to incentivise customers for scrapping old vehicles to purchase new trucks and buses. Under the terms of the scheme, buyers of…
Maruti, Hyundai, Toyota gear up for launch of seven-seater models amid growing demand
Maruti Suzuki, Hyundai Motor India and Toyota Kirloskar Motor are among automakers gearing up to introduce more than half a dozen seven-seater utility vehicles over the next year to capitalise on surging demand for larger passenger vehicles, with buyers opting…
Hyundai to double hybrid lineup; announces $3 billion buyback
Hyundai Motor Co. plans to double its lineup of hybrid cars as demand for pure electric vehicles slows, and announced a 4 trillion won ($3 billion) share buyback as part of a plan to boost investor returns. Unveiling a new…
August Sales Forecast: Dealer dispatches may slow down as inventory piles up
Rising inventory across sales channels and lack of competitively priced new models that can attract buyers are beginning to weigh on the wholesale volumes (dispatches to dealers) of the passenger car industry. For the first time in 30 months, the…
You can get a discount on your new car, but Gadkari has one condition
Union Minister of Road Transport and Highways, Nitin Gadkari on Tuesday announced that commercial and passenger vehicle manufacturers have agreed to offer discounts for the purchase of new vehicles against the scrapping of older vehicles with a valid Certificate of…
Mahindra Thar Roxx launched in India: Check this five-door SUV, price, and features
Mahindra Thar Roxx launched in India, offering a five-door version of the iconic SUV. Starting at Rs 12.99 lakh, it features petrol and diesel options, advanced safety tech, and a premium interior, catering to off-road enthusiasts.
Ashok Leyland sees high enquiry from fleet operators amid consolidation
Commercial vehicle maker Ashok Leyland has been seeing a high number of enquiries from fleet operators amid the segment going through a consolidation phase, the company has said. The company is also expecting the medium and heavy commercial vehicle (MHCV)…
Tata Punch emerges as India’s top-selling car, beats Maruti’s WagonR
Tata Motors’ Punch has become India’s top-selling car, surpassing Maruti Suzuki’s WagonR with over 1,26,000 units sold between January and July 2024. Punch’s success marks the end of Maruti Suzuki’s long-standing dominance in this segment. However, in July, Punch slipped…
Strong hybrids rev up to fly past EVs in green race as car sales make a pit stop
Sales of strong hybrid vehicles are growing in high double digits, sharply outpacing a sluggish Indian auto market where demand for both fossil-fuel and electric vehicles have slowed this year. To be sure, the growth in strong hybrid vehicle sales…
MPCB alleges non-compliance with environmental standards by Mercedes-Benz India
Maharashtra Pollution Control Board (MPCB) on Saturday alleged non-compliance with environmental standards by the luxury car maker Mercedes-Benz India at its Pune manufacturing facility and sought a comprehensive review of the plant’s operations. Mercedes-Benz India, in a statement, said it…
TVS rolls out new scooter in Jupiter series: Check features, price, and more
TVS Motor Company launched its Jupiter 110 scooter on Thursday at Rs 73,700 (ex-showroom), after many social media teasers on it. The new model stars a fresh design as well as several new added features such as Bluetooth, Call and…
Hyundai ALCAZAR: Hyundai opens booking for new SUV Alcazar at token of Rs 25,000; Here are key features and other details
In a bid to diversify Sports Utility Vehicle (SUV) portfolio in India, South Korean auto giant Hyundai Motor India Limited (HMIL) on Thursday announced the commencement of bookings for new Alcazar with an initial booking amount of Rs 25,000. “The…
Genesys International likely to bag orders worth Rs 200 crore from automakers
Genesys International Corporation, a provider of advanced mapping services, is in advanced talks to secure an order worth Rs 150-200 crore from two leading original equipment manufacturers (OEMs) in India to provide AI-powered navigational maps and connected car solutions, according…
Expect scooter segment to account for over 40 pc of two-wheeler sales: TVS Motor
New Delhi: TVS Motor Company expects the scooter segment to grow further and account for around 40 per cent of the overall two-wheeler sales, its CEO KN Radhakrishnan said on Thursday. The company, which on Thursday introduced the new Jupiter…
Lower GST critical for EVs in transition phase: Audi India
New Delhi: Continued support in terms of lower GST for electric vehicles is necessary till the volumes reach an appropriate level and the industry can sustain on its own, according to Audi India Head Balbir Singh Dhillon. He noted that…
Skoda Kylaq price: Skoda Kylaq: Czech car maker picks Sanskrit name for its compact SUV to challenge Fronx, Nexon, and 3XO
Skoda has unveiled the name of its forthcoming subcompact SUV for the Indian market, set for a 2025 launch. The vehicle will be called the ‘Kylaq,’ continuing Skoda’s distinctive naming convention for SUVs that start with ‘K’ and end with…
Hero MotoCorp to drive in new scooter trims; bolster production capacity of Xtreme 125R
Two-wheeler major Hero MotoCorp is gearing up to expand its scooter range and consolidate its position in the 125 cc bike segment as it looks to grow faster than the competition, according to CEO Niranjan Gupta. The company plans to…
Thirteen years after the breakup, Honda overtakes former partner to become the new Hero
In a significant shift in the two-wheeler market, Hero MotoCorp has fallen to the second position behind Honda Motorcycle & Scooter India (HMSI) based on wholesale dispatch data. According to figures from the Society of Indian Automobile Manufacturers (Siam), Honda…
india auto inventory: The curious case of 3,00,000 missing cars: It is automakers vs dealers in inventory mystery
Carmakers and their dealers are battling each other over inventory levels amid slowing demand. The Federation of Automobile Dealers Associations (FADA) says their members are carrying stock equivalent to over two months of sales, that is, 730,000 units. Carmakers argue…
Bajaj Auto to hike provision for deferred tax by Rs 211 cr post indexation benefit withdrawal
Bajaj Auto Ltd on Monday said it will need to increase its provision for deferred tax by Rs 211 crore due to the withdrawal of indexation benefit and change in the tax rate on long-term capital gains on debt mutual…
Carmakers revving up style quotient: SUVs get a coupé makeover to woo a competitive market
MUMBAI: Automakers are in the process of tweaking the design, shapes and body styles to inject freshness into SUVs, which after topping the sales charts for several years are now facing sluggish demand. A body style that is finding favour…
TVS Motor share price: Confident of outperforming industry in both domestic, global markets: TVS Motor
TVS Motor Company expects to grow faster than the competition across domestic and international markets this fiscal riding on the back of new product launches and strengthening of operations across key regions, according to CEO KN Radhakrishnan. He noted that…
TVS Motor Co to expand electric 2W sales in both developing, developed markets: CEO KN Radhakrishnan
New Delhi: TVS Motor Company plans to expand the sales of its electric vehicles to both developing and developed markets, betting big on India’s potential to emerge as a major export hub for electric two-wheelers, according to Director and CEO…
Maruti to raise deferred tax liability provision by Rs 850 cr in Q2 on indexation removal
Maruti Suzuki India on Saturday said it would need to increase provision for deferred tax liability by around Rs 850 crore due to the withdrawal of indexation benefit while calculating long-term capital gains on debt mutual funds. The company was…
Ferrari or Lamborghini, it’s a luxury quite a few can afford
New Delhi: Sales of super luxury cars are set to surpass previous peaks for the third straight year in India, even as mainstream auto makers are struggling to clear their piled-up inventory by offering massive discounts. A Lamborghini booked now…
escorts kubota share price: Escorts Kubota eyes land in UP for Rs 4500 cr manufacturing facility after pivot from Rajasthan
Escorts Kubota is advancing its plans to establish a Greenfield manufacturing facility, to expand the company’s existing capacities to accommodate its future growth, the company informed the exchanges o Friday. The farm equipment company has submitted an Investment Intent to…
Demand in slow lane, Auto Inc deploys discounts to clear inventory gridlock
New Delhi: Car discounts have doubled from August last year and are likely to stay high through the festive season, till end of December, as carmakers and dealers rush to liquidate a huge pile-up of inventory amid slowing sales. From…
BSA bikes in india: Iconic motorcycle brand BSA makes India debut; launches 652-cc model at Rs 2.99 lakh
Mahindra Group-owned iconic motorcycle brand BSA made its debut in India on Thursday with the launch of 652-cc Gold Star 650 model at a starting price of Rs 2.99 lakh (ex-showroom Delhi). One of the oldest motorcycle companies in the…
Mahindra Thar Roxx: Mahindra targets leadership position for Thar range in mid-size SUV segment in next 3-5 yrs
Mahindra & Mahindra on Thursday said it aims to make Thar range leader in the fast-growing mid-sized sports utility vehicle segment over the next 3-5 years. The company on Wednesday rolled out five-door Thar Roxx and may also introduce new…
Maruti to follow registrations on Vahan for monthly sales reporting
In a first, Maruti Suzuki has started preparations for reporting its monthly sales based on vehicle registrations, shifting from the current practice of announcing factory despatches to dealers every month, said people aware of the development. India’s largest carmaker plans…
Hero two wheelers: Hero MotoCorp records highest quarterly revenue, PAT, riding on better sales in 125 cc segment
Hero MotoCorp recorded its highest ever quarterly revenue and profit after tax in Q1 FY25 as it reported a 16 per cent revenue growth from the same quarter of the previous year at Rs 10,144 crore and PAT at 1,123…
hero moto q1 results: Hero MotoCorp to launch new scooter models in upcoming quarters ahead of festive season
As the festive season in India fast approaches, Hero MotoCorp CEO Niranjan gupta on Tuesday announced that the company will be launching new scooter models in the two forthcoming quarters, attempting to ‘re-energise’ the segment. The two-wheeler manufacturer also said…
Citroen Basalt & Tata Curvv: What are Coupe SUVs, and will they start a new trend in the Indian car market?
India’s automotive market is seeing a significant shift as manufacturers introduce a new body type previously limited to luxury segments. The launch of the Citroen Basalt and Tata Curvv EV, along with the upcoming Tata Curvv internal combustion engine (ICE)…
BSA Gold Star set to hit Indian roads: Classic legends focuses on premium motorcycles amidst growing competition
BSA, the iconic British motorcycle brand, will debut in India on August 15 with the Gold Star model, amplifying choices for enthusiasts while intensifying competition in the growing market for middleweight motorcycles. Mahindra & Mahindra-owned Classic Legends has been producing…
Yulu Bikes: Yulu Bikes aiming to raise over $100 million to fund expansion
Shared mobility services provider Yulu Bikes is looking to raise upwards of $100 million in a Series C round to expand operations over the next couple of years. Yulu, which has a strategic partnership to develop electric vehicles with Bajaj…
Global demand muted; gradual improvement expected in domestic market: Tata Motors
Tata Motors expects demand to remain sluggish in overseas markets this fiscal while pinning hopes on a gradual bounce back in the domestic market on the back of new launches and the upcoming festive season. Earlier this month, the Mumbai-based…
Lamborghini bets big on India’s long-term potential
Italian super luxury automaker Automobili Lamborghini expects exponential growth in India with the potential to become a top market in the Asia Pacific region in the long-term, driven by customers who are the youngest globally, according to a senior company…
Why have European car makers struggled to succeed in India?
Remember Opel Astra? It was India’s first tryst with German technology on the roads. With automatic transmission — a rarity in those days — ventilated disc brakes and a CFC-free air-conditioning system, Astra quickly became the car to dream for….
Bharat Mobility Show 2025: From Tata to BYD, auto giants line up for Delhi ramp; set to become world’s biggest auto expo
New Delhi: India is set to host one of the largest mobility expositions in the world with as many as 28 automakers from homegrown Tata Motors to Maruti Suzuki, Japan’s Toyota Motor Corporation (TMC) and China’s BYD set to take…
Delhi auto parts store: Auto parts traders in this Indian city are paying a price for Bangladesh unrest
The political turmoil in Bangladesh is significantly impacting Delhi’s auto parts trade, particularly affecting markets like Kashmere Gate and Karol Bagh, which export spare parts to the neighboring country, TOI reported. Traders are facing uncertainty about their sales due to…
Mahindra share price: Mahindra said to seek nod for $3 billion Shaanxi JV
Indian automaker Mahindra & Mahindra and China’s Shaanxi Automobile Group have agreed to set up a $3 billion joint venture to build a car manufacturing plant in India and are awaiting New Delhi’s approval, sources told Reuters. A majority stake…
Curvv effect: After Rs 1.2 lakh price cut, Tata Motors hikes discount on Nexon.ev again
Mumbai: Electric car market leader Tata Motors has increased discount on its Nexon.ev range by up to ₹60,000 to arrest sluggish sales, according to a communique the company sent to its dealers on Thursday. The discount takes effect within months…
Mercedes-Benz confident of double-digit growth this year, rolls out 2 new top-end models
Pune: German luxury carmaker Mercedes-Benz on Thursday sounded confident of posting a double-digit growth this calendar year and said it is expecting the demand to remain good in the coming festive season on the lines of last year. Speaking with…
Alto K10 defect: Maruti Suzuki to recall 2,555 Alto K10 vehicles for possible defect; affected customers advised against driving the vehicle
Maruti Suzuki on Wednesday announced that it will recall 2,555 Alto K10 vehicles for a possible defect in Steering Gear Box Assembly (“Part”). The said defect, in a rare case, may affect the vehicle steerability, as per the company’s statement…
Tata Curvv.ev SUV launched: Price, launch date, features
Tata Motors on Wednesday launched the electric vehicle SUV Curvv.ev, in a bid to further strengthen it’s dominance in an emerging electric vehicles market in India. The Tata Curvv EV, priced from Rs 17.49 lakh to Rs 21.99 lakh, will…
To unlock full potential of Finance & IT Arms, Mahindra & Mahindra to rev up services business
The auto to tractor major is closely watching its services contribution, which now accounts for 30-40 percent of the group’s profitability. With a five-fold growth in the services portfolio and unlocking the full potential in Mahindra Finance and Tech Mahindra,…
Toyota India tech: Toyota would pursue technologies that reduce use of fossil fuel: Dy MD Swapnesh Maru
Toyota Kirloskar Motor (TKM), the Indian arm of the Japanese auto giant Toyota, would want to use such technologies that align with its commitment to reducing carbon footprint as well as cutting down on the use of fossil fuels, Deputy…
Indian auto companies will soon produce 100 pc ethanol-run cars: Nitin Gadkari – The Economic Times Video
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