Auto sales data: Tractors’ growth contracts 12% in July, FADA laments record-high PV inventory levels
India’s automobile retails grew 13.8 per cent on an annual basis in July, data from auto body FADA showed on Monday. Almost all segments except tractors exhibited a double-digit growth even as passenger vehicles’ inventory levels rose to a historic…
UP hybrid car tax sops: Hyundai, Tata doesn’t want UP to give a major tax advantage to Maruti, Toyota
Hyundai, Kia Motors, Tata and Mahindra are lobbying India’s most populous state not to offer incentives for hybrid cars, saying the move – set to help rivals Toyota and Maruti Suzuki – would hit targets on adopting electric cars and…
Motown switches to festive gear with new models
Sluggish sales and high dealer inventory have not stopped carmakers from gearing up for a major product offensive in the upcoming festival season. As many as 20 new passenger vehicle models — including 12 entirely new offerings — are set…
Classic Legends to open 200 Jawa-Yezdi showrooms every year
Chennai: Classic Legends, a subsidiary of Mahindra and Mahindra Ltd, and retailers of Jawa and Yezdi range of motorcycles in India has announced plans to open 200 retail showrooms every year, a top official said on Saturday. Classic Legends was…
Ford eyeing a comeback? US car giant may re-enter India with a green twist
US carmaker Ford is considering re-entering the Indian market with a new strategy focused on electrics and sustainability. CEO Jim Farley and the global team at Ford’s headquarters are set to review a feasibility report regarding this potential re-entry. The…
Electric motor parts maker EuroGroup Laminations enters India, signs JV in China
Italian electric motor component maker EuroGroup Laminations is buying a 40% stake in India’s Kumar Precision Stampings, the company said shortly after announcing a preliminary agreement for a strategic electric vehicle sector alliance in China. Milan-based EuroGroup Laminations (EGLA) –…
eicher share price: Eicher Motors gets a cut of more than Rs 100 crore in GST demand
Eicher Motors on Friday said that the GST demand orders served to it in December 30, 2023 from the office CGST and Central Excise, Chennai, has been revised to Rs 26.97 crore from Rs 129.79 crore, following an appeal by…
Car cos find roads to dealers choked: PV sales decline for the first time in 2.5 years in July amid sluggish demand
New Delhi: Passenger vehicle sales fell for the first time in two and a half years in July amid sluggish demand and high dealer inventory, reflecting a broader slowdown in consumer spending across sectors after a two-year post-pandemic boom. While…
Hyundai’s sales dip 3% in July to 64,513 units
Hyundai Motor India on Thursday said its wholesales dipped 3 per cent year-on-year to 64,513 units in July. The automaker had sold a total of 66,701 units in July 2023, Hyundai Motor India said in a statement. Domestic dispatch of…
Mahindra Thar: Mahindra looks to add five-door Thar production capacity by 4,000 units per month
Home-grown auto major Mahindra & Mahindra on Wednesday said it is looking at creating an additional 4,000 units per month capacity for the five-door version of Thar, Thar Roxx, which is likely to be launched next month. At a broader…
Skoda SUV contest: Co shortlists 10 names starting with K, winner to get new car & a ticket to Prague
Skoda Auto India has shortlisted 10 names for its upcoming compact SUV, set to launch by March 2025. The final name will be announced on August 21, 2024. The model will be based on the brand’s MQB-A0-IN platform and will…
Auto industry needs 2 lakh skilled people by 2030 to meet 30 pc EV adoption target: SIAM
New Delhi: Indian automotive industry will need up to 2 lakh skilled people by 2030 to meet the government’s vision of 30 per cent electric vehicle adoption, the Society of Indian Automobile Manufacturers said on Tuesday. A total talent investment…
Daimler India partners with Bajaj Finance to offer vehicle financing solutions
Commercial vehicle maker Daimler India said on Tuesday it has partnered with Bajaj Finance to offer tailor-made vehicle financing options for both its customers and dealers. The strategic partnership will offer customer-focused finance solutions with faster turnaround times for loan…
Stylish sedan cars in India under a budget of Rs 15 lakh
Known for its sleek design and premium interiors, the Honda City offers a comfortable ride with advanced features
Bmw 5 series: BMW launches 5 Series luxury sedan, two new Mini Coopers, and its first scooter for Indian markets. Check features and prices
The BMW Group introduced four BMW 5 Series 2024 new vehicles on Wednesday which included two new Mini Cooper models, one luxury sedan, and one electric scooter. The centre-stage was reserved for its brand-new 8th generation BMW 5 Series luxury…
Tata Motors in legal battle with EPFO over pension fund transfer
Mumbai: Tata Motors, among a few companies having its own exempted pension fund, is locked in a legal battle with the Employees’ Provident Fund Organisation (EPFO) over the transfer of pension funds.The automaker had sought to surrender the exemption status…
Nissan looks to rev up India operations; lines up product launches over next 30 months
New Delhi: Japanese auto major Nissan is looking to introduce five models over the next 30 months, as it looks to reboot its operations in the fast-growing Indian car market. The company, which is selling just one model in the…
Best affordable cars for small Indian families
Alto 800, tata tiago, maruti wagon r and more cars in a budget for small indian families
Young buyers spend a fortune on luxury car makeovers
New Delhi: For India’s young and upwardly mobile, buying a luxury car doesn’t just end their pursuit for the dream vehicle. They want it to be bespoke and are ready to splurge on customisation.Audi India recently spec’d an Audi RS…
Nissan-Renault firms up plans to launch half a dozen SUVs in India
Japanese auto major Nissan – which along with alliance partner Renault recently announced fresh investments of Rs 5300 crore in India – has firmed up plans to introduce nearly half a dozen SUVs in the country to treble volumes over…
auto component industry: Auto component industry turnover up 10 pc at Rs 6.14 lakh crore in FY24: ACMA
The turnover of the automotive component industry rose by 9.8 per cent year-on-year to Rs 6.14 lakh crore for the fiscal ended March 31, 2024, industry body ACMA said on Thursday. The industry had reported a turnover of Rs 5.59…
BMW launches CE 04 electric scooter in India at Rs 14.90 lakh
BMW Motorrad India has introduced its first electric scooter, the BMW CE 04, marking the debut of India’s first premium electric two-wheeler. The scooter is priced at INR 14,90,000 (ex-showroom).
porsche sales india: Porsche India retail sales grow 40% in January-June period
Porsche India on Wednesday said its retail sales increased 40 per cent year-on-year to 489 units in the January-June period. The company saw robust sales of Cayenne and Macan models during the period under review, the luxury sports carmaker said…
Indian market is an “exception”, growing steadily when demand for premium vehicles slowing down in developed countries: Jean-Philippe Parain, Senior Vice President, BMW Group
The Indian market is an “exception”, growing steadily and sustainably at a time when demand for premium vehicles in several developed countries like China, Japan and Korea have started slowing down amid weak customer sentiments, Jean-Philippe Parain, Senior Vice President,…
Royal Enfield Guerrilla 450 launched: Check variant prices, booking, engine, features, specs and other details
Royal Enfield has unveiled its latest offering, the Royal Enfield Guerrilla 450, at an event held in Barcelona. This new motorcycle, based on the Himalayan 450 platform, introduces three variants priced competitively starting from Rs 2.39 lakh (ex-showroom). The bike…
Economic Survey 2024: PLI scheme for auto sector sees investment proposals worth Rs 67,690 crore
NEW DELHI: The production linked incentive scheme (PLI) for automobile and auto components has so far attracted a proposed investment of Rs 67,690 crore, said Economic Survey 2023-24 tabled in Parliament on Monday. A capital of Rs 14,043 crore has…
Renewed push: Centre weighs dedicated fund to drive vehicle scrapping and new car sales
The Centre is considering setting up a dedicated fund to incentivise new vehicle buyers among steps to push customers to scrap old vehicles. The shift in strategy follows tepid response to a voluntary vehicle modernisation programme started three years ago…
CEAT lines up ₹1k-cr capex in FY25, flags margin woes
RPG Group company CEAT has outlined a capital expenditure of ₹1,000 crore for the current fiscal even as it sees margin pressure continuing for another quarter due to consistent increase in the price of natural rubber, said managing director Arnab…
Toyota Motor Corp: Suzuki sees India’s automobile market growing fivefold by 2047
India’s car market is on track to reach 20 million units by 2047, helped by promising growth in battery electric vehicles, Suzuki Motor Corp. Executive Vice President Kenichi Ayukawa said. First, the goal is for Maruti Suzuki India Ltd., the…
CEAT tyres: Expect double-digit growth in replacement, international business despite rubber price hike: CEAT
Tyre maker CEAT Ltd expects double-digit growth in replacement and international business this fiscal despite a high natural rubber price forcing it to hike product rates, according to its MD and CEO Arnab Banerjee. The company, which has taken price…
Offers in trunk…your next car’s trying to drive towards you
Automakers are increasingly turning to discounts to lure buyers, an indication that the pricing power they enjoyed after the pandemic is eroding. The average incentive in the second quarter of 2024 rose to Rs 31,258 from Rs 24,350 a year…
Best family cars in India under Rs 10 lakh budget
Cars for a family of four: Best cars for Indian families including maruti suzuki swift, hyundai i20, kia sonet, tata nexon and more
JSW MG Motor India: Current GST rate for PVs outdated; needs a relook: JSW MG Motor India CEO Emeritus
New Delhi: The current GST rate structure of passenger vehicles in India is outdated and needs to be aligned with the new developments in the auto industry, according to JSW MG Motor India CEO Emeritus Rajeev Chaba. The government should…
luxury car market: Mercedes Benz comes up with customised finance options for aspiring buyers
Mercedes-Benz India on Wednesday said it has introduced financial solutions for customers to own its model range. The luxury car market leader has come up with initiatives like ‘Step-up EMI’, ‘Lower EMI with higher annual payout’ and ‘EMI Holiday’, offering…
tyres: DPIIT steps led to investment commitments of over Rs 1100 cr from global tyre makers
Leading global tyre makers such as Bridgestone, Michelin and Goodyear have committed investments worth over Rs 1,100 crore in India after the DPIIT temporarily allowed them to import certain tyres to the country, an official said. The official said that…
Royal Enfield launches Guerrilla 450 at Rs 2.39 lakh: Key features and details
Royal Enfield has unveiled its new Guerrilla 450, priced at Rs 2.39 lakh. This latest model features a powerful engine, modern design, and advanced technology. With this launch, Royal Enfield aims to capture the adventure bike segment, offering riders a…
TVS Motor Company: Norton Motorcycles to ride in six models over three years
British bike maker Norton Motorcycles, part of the TVS Motor Company, on Wednesday said it plans to launch six new products over the next three years with an eye on increasing sales through sales partners in the US, Germany, France,…
JSW MG Motor to invest Rs 3,000 cr in India by 2025, to launch five new cars
JSW MG Motor India, the recently forged joint venture between MG Motor and Sajjan Jindal-promoted JSW Group, has firmed up plans to invest Rs 3000 crore in the country by the end of 2025 to enhance capacity and introduce nearly…
Suzuki outlines tech strategy for next 10 years for various markets including India
New Delhi: Suzuki Motor Corporation on Wednesday said it will focus on aspects like light body structures and usage of small batteries to power its models including electric vehicles across various markets, including India. Outlining the company’s technology strategy for…
Expect domestic two-wheeler sales to reach peak levels of FY19 latest by Q1 FY26: Bajaj Auto
New Delhi: Two-wheeler sales in India are expected to grow around 6-8 per cent this fiscal and could reach the peak level of 2018-19 either in the fourth quarter or the beginning of next financial year, a top official of…
Ashok Leyland MSTC: Ashok Leyland wins order worth Rs 981.45 crore from Maharashtra State Transport Corp
Mumbai: Ashok Leyland, the Hinduja group flagship has bagged an order for 2104 Viking passenger buses worth Rs981.45 crore from the Maharashtra State Road Transport Corporation (MSRTC), the company said in a statement. The company will execute the order—the single…
Automobile retail sales up 9 pc in April-June: FADA
Automobile retail sales increased 9 per cent year-on-year in June quarter FY25 with all segments, barring tractors, reporting growth, dealers’ body FADA said on Monday. Overall retail sales rose to 61,91,225 units in the April-June period from 56,59,060 units in…
Supreme Court asks BMW to pay Rs 50 lakh as compensation to customer for defective car
New Delhi The Supreme Court has directed luxury car maker BMW India Private Ltd to pay Rs 50 lakh as compensation to a customer for supplying a defective car in 2009. A bench of Chief Justice D Y Chandrachud and…
ev: Changes likely in India’s new EV policy, may benefit legacy car companies
New Delhi: India is likely to make changes to its new electric vehicle (EV) policy to incentivise automakers that have already made investments in the country, people in the know told ET. This comes as US electric carmaker Tesla Inc…
India auto sales: Auto sales muted as extreme heatwave cools demand in July
Vehicle registrations – a proxy for retail sales – were largely flat last month as extreme heatwave in several parts of the country impacted retail sales. According to data collated by industry body Federation of Automobile Dealers’ Association (FADA), as…
Bajaj Auto looks to disrupt market with its CNG motorcycle Freedom 125, return favour to its arch-rival
Akurdi: With the Freedom 125, the world’s first CNG-powered motorcycle, Rajiv Bajaj, managing director, Bajaj Auto Auto wants to “return the favour” to the erstwhile Hero Honda which transformed the scooter-led two-wheeler market two-and-half decades ago, with its fuel-efficient motorcycles….
Ather Energy aims to raise market share with foray into family scooter segment
Kolkata: Electric two-wheeler maker Ather Energy is hopeful of increasing its market share as it forays into the family scooter segment, a company official said on Friday. The Bengaluru-based firm has so far been manufacturing sporty scooters. “The company has…
Footfalls at auto dealers fall in June, so do RTO registrations
New Delhi: Vehicle registrations – a proxy for retail sales – were largely flat last month as heatwave conditions in several parts of the country forced potential buyers to defer their purchases. Data collated by industry body Federation of Automobile…
World's first CNG Bike: Bajaj Freedom 125 price, features, mileage, more
Bajaj Auto has made a groundbreaking entry into the commuter motorcycle sector by introducing the highly awaited CNG-powered motorcycle, the Freedom 125. This innovative model claims the title of being the world’s first-ever CNG motorcycle.
Best SUVs in India under Rs 12 lakh: Tata Nexon, Kia Sonet and more
Best SUV in India: Tata Nexon, Kia Sonet, maruti suzuki brezza and more SUV under Rs 12 lakh.
second hand cars: Volkswagen launches first certified pre-owned store in Coimbatore
German automaker Volkswagen on Wednesday said it has launched its first brand store under its Certified Pre-Owned business segment here in Tamil Nadu. The company, in line with the brand’s global transition has rebranded its used car business ‘Das WeltAuto’…
Samvardhana Motherson raises $350 million via bonds
Auto parts maker Samvardhana Motherson International has raised $350 million by selling five-year bonds to overseas investors. The issue was priced late Wednesday. The bonds were sold by a subsidiary, SMRC Automotive Holdings Netherlands, and are priced at 140 basis…
Tyre makers facing severe crunch in domestic natural rubber availability: ATMA
New Delhi: Automotive Tyre Manufacturers’ Association on Wednesday said its members are witnessing a ‘severe crunch’ in the availability of domestic natural rubber and it may disrupt production unless supply issues of the raw material are addressed. Despite high prices…
BMW India posts record sales at 7,098 units in Jan-Jun
BMW Group India on Tuesday said it has reported the highest ever sales in the country in the first half of the year with delivery of 7,098 units to customers. The luxury carmaker saw its sales increase 21 per cent…
internal combustion engine: TAFE Motors, DEUTZ AG ink pact; to expand internal combustion engine business
TAFE Motors and Tractors Ltd, the subsidiary of leading tractor maker TAFE Ltd has inked a pact with Germany-based internal combustion engine manufacturer DEUTZ AG to jointly manufacture DEUTZ range of engines in the country. TAFE (Tractors and Farm Equipment)…
Car sales lose pace in June, SUVs stay in front
Passenger vehicle sales in India stayed in the slow lane for the third straight month in June mainly due to a high base and easing of post-pandemic pent-up demand. June sales rose 3.7% from a year earlier but fell marginally…
Tata Motors domestic sales dip 8 pc in June
New Delhi: Tata Motors on Monday reported an 8 per cent decline in total domestic wholesales to 74,147 units in June. The company’s domestic wholesales stood at 80,383 units a year ago. Sales of passenger vehicles, including electric vehicles, in…
Tips to maintain your car and be safe in monsoon – Inspect tyres
Jun 24, 2024, 05:16:35 PM IST Proper tyre care is crucial during monsoons. Check tire pressure regularly, ensuring it meets the manufacturer’s recommendations. Look for signs of wear and tear on the treads, and replace worn-out tires to maintain good…
Skoda India: We are still humble, are willing to learn and be customer centric: Skoda Auto CEO
India is not only the most attractive but the most competitive auto market in the world says Klaus Zellmer, CEO Skoda Auto a.s. It’s crucial to Skoda Auto’s growth strategy and gives the Czech firm a competitive advantage for its…
auto parts gst: Union Budget 2024: Incentivise capex, rationalise GST rates on EVs, components make part of ACMA’s Budget wishlist
Auto components industry body ACMA on Monday called for incentivising capex expenditure, increasing depreciation rates on plant and machinery and rationalising GST rates on EVs and its components, ahead of the upcoming Budget 2024-25. In its recommendations submitted to the…
auto industry: Car discounts make comeback after four long years of waiting in the auto industry
Car discounts have made a return after four years of long waitlists, driven by changes in the automotive industry’s pricing strategies. Dealers are ramping up production to meet high demand, particularly for SUVs, and are offering substantial discounts across various…
maruti suzuki swift: 3,000,000 and counting: Hayabusa-inspired Maruti Suzuki Swift crosses a big milestone
Maruti Suzuki’s Swift hatchback has crossed a big milestone of 3 million sales in India, the company announced today. The Swift, first introduced in 2005, has undergone several makeover over the years. The company has recently introduced its 4th generation…
Bajaj Auto inaugurates its first overseas manufacturing facility in Brazil
Bajaj Auto, India’s largest exporter of two and three wheelers has inaugurated its new manufacturing plant in Manaus, Brazil, it said in a statement on Wednesday. This will be the company’s first manufacturing facility outside India. In all the other…
used vehicles: Competitive intensity in used vehicle market to be on the rise: India Ratings
India Ratings and Research expects vehicle financiers to increase the share of used vehicles in their overall vehicle asset under management (AUM). This is because the rising new vehicle prices, driven by the changes in emission norms, technological changes and…
Auto sector sees resilient two-wheeler growth amidst mixed performance in PVs and CVs for June 2024
Mumbai: Wholesale volumes across various segments of the automobile industry in June 2024 are anticipated to reflect a subdued trend, primarily attributed to the absence of wedding dates, according to Anand Rathi report. Analysts project a mixed performance with two-wheeler…
Expect Indian PV market to touch 60 lakh units by 2030, targeting 18-20 pc share: Tata Motors
Mumbai: Tata Motors expects the Indian passenger vehicles market to touch 60 lakh units annually by 2030 and the company is targeting to increase its share to 18-20 per cent by FY30 as it is gearing up to launch new…
Tyre stocks: Global tyre makers accelerate make-in-India plans, buoyed by govt’s PLI scheme
Global tyre manufacturers including the likes of Michelin, Bridgestone, and Goodyear are gearing up to invest in India’s manufacturing sector, with potential entrants Yokohama and Birla Tyre also eyeing opportunities under a government scheme that links imports to local investment,…
Car discounts: Check offers on cars of Maruti, Tata, Honda, Hyundai, Mahindra, Skoda and Volkswagen
Car makers are offering discounts on various models, including SUVs, according to reports. Now, the country’s leading car maker, Maruti Suzuki, has joined the bandwagon. Reports claim that Maruti is offering a huge Rs 1.4 lakh discount on one of…
Hyundai IPO: A chaebol looks at India to break out of a Korean trap
India’s equity frenzy has attracted a global biggie which wants to ride on the high investor sentiment. Hyundai Motor India Ltd. (HMIL), the country’s second-largest car maker, is coming out with a Rs 25,000 crore IPO, which could be India’s…
Force Motors partners with EY Parthenon India for digital transformation program
Mumbai: Pune-based automaker Force Motors said on Monday it has partnered with strategy consultancy firm EY Parthenon India for its digital transformation programme to boost innovation and productivity across its value chain, among others. The crucial milestones in this partnership…
Demerger to secure synergies across biz verticals, says Tata Motors Chairman N Chandrasekaran
New Delhi: The proposed demerger of existing automotive businesses into two listed entities will help in securing synergies across its PV and JLR verticals in areas of EVs and autonomous vehicles, Tata Motors Chairman N Chandrasekaran said on Monday. Speaking…
BIS introduced new safety standards for EVs in India
The Bureau of Indian Standards (BIS) introduced two new guidelines aimed at enhancing the safety of electric vehicles in the L, M, and N categories. L refers to two-wheelers, while the M and N categories correspond to four-wheelers and goods…
Spoilt for choice: How changing consumer preferences & tech advancements driving upgrades in electronics and car
Kolkata | New Delhi: Hyundai Motor India gave the third significant upgrade to its flagship sports utility vehicle Creta this January, almost nine years after its launch in 2015 and about four years after its second generation in 2020. But…
Carmakers take the multiple powertrain ride
Mumbai: Car buyers in India are spoilt for choice when it comes to powertrains. Carmakers from industry leader Maruti Suzuki to Tata Motors, Toyota Motor, Honda and Citroen, a relatively newcomer in the Indian market, offer diverse options in powertrains,…
Tata Motors JLR investment: JLR steps up its 5-year investment plan by £3 billion
Mumbai: Jaguar Land Rover Automotive, Tata Motors UK subsidiary, has increased its planned five-year investment by 3 billion pounds, or 20%, 18 billion pounds (Rs 1.91 lakh crore). The Indian automaker had previously planned to invest 15 billion pounds in…
Bajaj Auto news: Bajaj Auto looks to sustain domestic business momentum; recover export volumes
Bajaj Auto looks to sustain momentum in its domestic business and expand production capacity for new businesses as it expects demand to remain robust in the current fiscal, according to its Chairman Niraj Bajaj. Addressing shareholders in the company’s Annual…
Best Maruti Suzuki cars under Rs 7 lakh for first time buyers – Alto K10
Jun 19, 2024, 04:32:09 PM IST Starting Price: Rs 3.99 lakhIf you are looking for a compact and fuel-efficient hatchback perfect for city driving, the Maruti Suzuki Alto K10 is a great option. Known for its low running costs, the…
Tata Motors launches digital marketplace ‘Fleet Verse’ for commercial vehicles
India’s automobile manufacturer, Tata Motors, on Thursday announced the launch of Tata Motors Fleet Verse which will serve as a comprehensive digital marketplace for company’s commercial Vehicles. Under the new marketplace, all transactions will be rendered through Tata Motors’ extensive…
discounts: As buyers diss cars, auto companies count on offers
Carmakers and dealers are offering incentives by way of discounts, exchange bonuses, assured gifts to the tune of 5-11% – the highest in five years – in a bid to tempt buyers amid mounting inventory as sales slow, following a…
Plan to double market share in country: Volvo CE India MD
Volvo CE India, a subsidiary of the Swedish Volvo group, aims to double market share in the segments it operates in the country, a top company official said on Wednesday. “We are present in 40 per cent of the earth…
How a tax sop has created a divide in India’s motown
As Indian automakers negotiate the transition from internal combustion engine (ICE) to electric, they stare at a diversion on the route. Consumers do want an alternative to vehicles powered by dirty fuel but they are not lapping up EVs as…
6 Hyundai cars under Rs 8 lakh for Indian market – The Indian car market
Jun 17, 2024, 01:22:46 PM IST Over the past few decades, owning a car in India has become a necessity rather than the luxury. But the price conscious Indian customer does not easily give into buying cars worth lakhs, and…
FADA plans to take up issue of high inventory with SIAM
Automobile retailers’ apex body FADA on Friday voiced its concern on the high inventory level and said it is planning to take up the matter with the Society of Indian Automobile Manufacturers (SIAM). At the third edition of the Finance…
Minda Corp joins hands with Taiwan firm to locally produce sunroof for PVs
New Delhi: Auto components maker Minda Corporation on Friday said it has inked a pact to form a joint venture with Taiwan-based HSIN Chong Machinery Works Co to locally produce sunroofs for passenger vehicles. The 50:50 partnership aims to localise…
Auto emission norms to get stricter, make cars costlier
Automakers in India will need to cut carbon emissions by a third over the next three years or face stiff penalties under the third iteration of corporate average fuel efficiency norms (CAFE) drawn up by the bureau of energy efficiency…
EU hikes Chinese EV tariffs: Tesla expects to hike price of China-made cars in EU due to tariffs
Tesla expects to increase the price of its Model 3 because of import duties to be levied by the E.U. on cars made in China, the carmaker said on its website on Thursday, without specifying the size of the price…
Tata Motors eyes 4-6% increase in PV market share by 2030
Mumbai: Tata Motors, India’s third largest passenger vehicle maker by sales, is looking at a 400-600 basis points jump in market share from the current 14% to 18%-20% by the end of the decade, it said at an investor presentation…
Mahindra Group to focus on delivering scale over next decade: MD & CEO Anish Shah
New Delhi: Farm equipment to aerostructure conglomerate Mahindra Group will focus on delivering scale with its businesses that it ‘believes’ will cover 70 per cent of India’s growth over the next decade, according to its Managing Director and CEO Anish…
Siam seeks GST reduction on two-wheelers
Mumbai: Auto industry body, Society of Indian Automobile Manufacturers (Siam) has written to the government requesting for a reduction in the GST on two-wheelers. It has suggested that the government adopts three range slabs of reducing the rate-from the current…
PV sales up in low-digits as growth pace moderated in May: SIAM
Passenger vehicle dispatches went up in low single-digits, on a high base, last month as the growth pace moderated after three years of runaway wholesales and amid a built up of stocks in the channel.According to data available with industry…
Hyundai Motor gearing up to drive into Indian capital market
The Indian unit of Korea’s Hyundai Motor is likely to file a draft red herring prospectus (DRHP) with market regulator Sebi over the next two weeks, initiating the process for an initial public offering, said people familiar with the matter.If…
Vehicle registrations rise by a modest 3 per cent in May
Vehicle registrations – a proxy for retail sales – went up by a modest three percent to 2.09 million units last month with consumers delaying purchases due to election-related uncertainties and extreme heat. Passenger vehicle registrations dipped marginally during the…
Maruti launches limited editions of Alto K10, S-Presso Celerio to boost small car sales
Mumbai: Car market leader, Maruti Suzuki India has fired its first salvo to revive small car sales. The local arm of the Japanese carmaker has launched limited editions of Alto K10, Celerio and S-Presso models under the “Dream Series” at…
PV exports rise by 2.68 lakh units in last 4 years; Maruti accounts for 70 pc of incremental shipments
Passenger vehicle exports from India rose by 2.68 lakh units in the last four financial years with Maruti Suzuki India accounting for nearly 70 per cent of the incremental shipments during the period. As per the industry data, passenger vehicle…
two-wheeler sales: May 2024, saw marginal decline in domestic 2-wheeler sales, exports however were up
The two-wheeler sales in India experienced a marginal decline in May as compared to the same period in the previous year. The major two-wheeler manufacturers of the country reported a decrease in sales numbers, reflecting a broader trend in the…
altroz price: Altroz Racer: Tata Motors launches its latest hatchback. Check price and other details
Tata Motors on Friday launched the Altroz Racer, the latest addition to its premium hatchback lineup.The Altroz Racer, designed with race car-inspired aesthetics, has an introductory price of Rs 9.49 lakh. Tata Motors also said that the Altroz is the…
Toyota Kirloskar Motor looks to expand used car biz across key cities
Toyota Kirloskar Motor aims to expand its used car business across key cities, as per a senior company official. The automaker on Friday inaugurated its first company-owned Toyota Used Car Outlet (TUCO) in New Delhi under brand name Toyota U-Trust….
Expect commercial vehicle volumes to witness 4-7 pc dip this fiscal: ICRA
Hit by a high base of last year and weakness in demand, the domestic commercial vehicle industry is expected to witness a dip of 4-7 per cent in wholesale volumes in the current fiscal as compared to FY23, rating agency…
Bajaj: Bajaj Auto total sales flat at 3.55 lakh units in May
Bajaj Auto on Monday said its total sales remained flat at 3,55,323 units in May. The Pune-based automaker sold 3,55,148 vehicles in May 2023, the company said in a regulatory filing. Total domestic sales (including commercial vehicles) declined 1 per…
Cloud ERP in Automotive: Insights from Epicor and Industry Experts – The Economic Times Video
In a webinar presented by The Economic Times in collaboration with Epicor, Vishal Raj Saini, Country Head – India and Indian Subcontinent at Epicor Software, was joined by Ashish Sinha, Head Operational Excellence India Operations of Autoliv India and Parna…
Brakes India forms JV with Japanese firm for advanced braking products
Brakes India on Wednesday announced its plans to develop and manufacture advanced braking products for the domestic light vehicle market in a 51:49 joint venture partnership with Japanese AISIN Group company ADVICS at an investment of Rs 500 crore over…
Maruti Suzuki: Maruti announces limited edition ‘Dream Series’ models for select hatchbacks starting at Rs 4.99 lakh
India’s leading automaker Maruti Suzuki on Wednesday announced the ‘Dream Series Limited Edition’ models for Alto K10 VXI+, S-Presso VXI+, and Celerio LXI. These limited edition models will be available only in June 2024. These variants will offer model-specific enhancements…
Tata Motors board okays to incorporate new wholly-owned unit
Tata Motors on Tuesday said its board has approved to set up a wholly-owned subsidiary to house commercial vehicles business. The company has proposed the name of the new unit as TML Commercial Vehicles Ltd (TMLCVL). The entity is proposed…
Ashok Leyland rolls out ‘Sarathi Suraksha’ policy
Heavy commercial vehicle manufacturer Ashok Leyland has launched the ‘Sarathi Suraksha’ Policy aimed at safeguarding the driver community, which insurance coverage of up to Rs 10 lakh.The policy, classified as an ‘Unnamed GPA (Group Personal Accident) policy’ covers any driver…
Volkswagen taigun: Volkswagen India to offer 6 airbags across all variants Taigun and Virtus models
German premium car maker Volkswagen India on Monday said it will offer six airbags across all variants of its 5-Star Global NCAP (GNCAP) safety-rated Taigun and Virtus models. Since the introduction of the India 2.0 product portfolio, the company said…
Hero bikes: HMSI posts 45 per cent jump in domestic sales in May
Honda Motorcycle and Scooter India (HMSI) on Monday reported a 45 per cent year-on-year jump in domestic wholesales at 4,50,589 units in May. The company had dispatched 3,11,144 units to its dealers in May 2023. Exports increased to 41,458 units…
Auto sales enter slow lane in May, expected to bounce back in the festive season
Automobile sales slowed down in May as a combination of factors such as heatwaves, election-related uncertainties and a high base led to a decline in dispatches from the manufacturers to the dealers over the year-ago period, said executives at manufacturers…
Tata Motors CV demerger: Demerger of biz to help commercial vehicle business capitalise on opportunities globally: Tata Motors
The proposed demerger of existing automotive business into two listed entities will help the commercial vehicle vertical become more agile and capitalise on the opportunities available globally, according to Tata Motors Executive Director Girish Wagh. In march this year, Tata…
Our tyres are now all over the world: Neeraj Kanwar
Tyres manufactured in India are succeeding in testing international conditions and are being accepted by global customers, said Apollo Tyres managing director Neeraj Kanwar.“Tyres being produced in India are going to the rest of the world. They are going to…
tata motors auto sales: Tata Motors sales up 2 pc at 76,766 units in May
Tata Motors on Saturday reported 2 per cent rise in total wholesales at 76,766 units in May as compared with 74,973 units in the same month last year.The total domestic sales stood at 75,173 units last month against 73,448 units…
car loans: SBI changes gears, links car dealer commissions to their performance
In a first for the bank, State Bank of India, the country’s largest lender, is set to link the commission it pays to car dealers, for sourcing loans, to sales as opposed to the current practice of paying them a…
Renault-Geely: Renault, Geely create joint venture for hybrid, combustion engines
French automaker Renault and Chinese partner Geely announced a highly anticipated joint venture on Friday that will develop combustion and hybrid engines, aiming to improve the competitiveness of their legacy auto business. The 50-50 venture is a core element of…
Hybrid vehicles aren’t just bridge to EVs, Ford chief says
Ford CEO Jim Farley wants the industry to stop viewing hybrid vehicles as only an interim solution to be used until drivers are comfortable going fully electric. “We should stop talking about it as transitional technology,” Farley said of hybrids…
Auto sales growth moderates in April, sets record despite tepid demand
New Delhi: Car sales in the local market rose 1.3% to 335,629 units last month, and automakers attributed the tepid pace of growth to tapering off of the post-pandemic pent-up demand that sustained for the last two financial years. Though…
car inventory: Car dealers may end up with 400K unit inventory
Carmakers expect to face a record stockpile of 400,000 vehicles worth ₹44,000 crore by this month-end as demand cools in India after a 3-year run of scorching sales. With car despatches to dealers outpacing demand, passenger vehicle registrations, taken as…
Porsche 911 Hybrid unveiled: Here are price, launch dates, performance, speed, and other details
Porsche has introduced the 2025 Porsche 911 Facelift globally, focusing on the Carrera and GTS trims. The update brings subtle exterior design changes and new cabin features, but the significant update is the introduction of hybrid technology in the powertrain….
Maruti Suzuki hits milestone with 5,000th service touchpoint opening
The country’s largest carmaker Maruti Suzuki Tuesday said it is looking to strengthen its service network in line with an increase in sales over the next few years. The company, which Tuesday announced the opening of its 5,000th service touchpoint…
TVS Motor Co: TVS Motor Co starts operations in Italy
TVS Motor Company Ltd on Wednesday said it has started its operations in Italy with plans to introduce a range of both conventional as well as electric scooters and motorcycles. The company is expanding its operations in Italy via its…
Mahindra XUV 3XO price: Mahindra XUV 3XO receives over 50,000 bookings within 60 minutes, deliveries to start from May 26
Mahindra & Mahindra Ltd on Wednesday announced that its recently launched compact SUV, the XUV 3XO received over 50,000 bookings within the first 60 minutes. “The Mahindra XUV 3XO has captured the imagination of customers nationwide, with over 27,000 bookings…
Strong sales growth for entry-level two-wheelers in H2 of FY24; big relief for automakers
New Delhi: In a relief to automakers, sales of entry-level twowheelers — mostly bought by rural consumers — rose in strong double digits in the second half of FY24, underscoring a recovery in demand in this key consumer segment for…
Ready, set, drive: Check out new driving test rules – Driving tests shift to private centres
May 23, 2024, 03:39:15 PM IST 1/5 Driving tests shift to private centres From June 1, 2024, individuals can now take driving tests at private driving training centres instead of government RTOs. These centres will be permitted to conduct tests…
Pre-owned car market expected to touch 1.09 cr units by FY28: Report
India’s pre-owned cars sales market is expected to reach 1.09 crore units with value more than doubling to USD 73 billion by FY28, according to the latest Indian Blue Book (IBB) report. In FY23, the pre-owned cars sales in India…
JLR plans to start making flagship Range Rover model in India
Alibaug, Maharashtra: Tata Motors-owned Jaguar Land Rover (JLR) plans to start assembling the flagship Range Rover model as well as the Range Rover Sport in India for the first time. They join other JLR models that are already assembled at…
Iconic British car brand Jaguar Land Rover plans to ride India’s luxury boom
As the number of rich people grows in India and the affluent are willing to loosen purse strings for luxury items, premium brands are flying off the shelves. A large number of foreign brands from FMCG to apparel to cars…
Ashok Leyland to unveil 5-6 new products under LCV segment: MD
Chennai: Hinduja Group flagship company Ashok Leyland has lined up 5-6 product launches this year in the light commercial vehicle segment, a top official said here on Friday. The city-based medium and heavy commercial vehicle maker has earmarked Rs 500…
Citroen: MS Dhoni appointed as Citroen’s brand ambassador in India
French automaker Citroen on Friday said it has roped in former India cricket captain Mahendra Singh Dhoni as its brand ambassador in India. Dhoni will mark his debut innings with Citroen in a campaign that will soon go live, the…
SUVs roar on country roads as sales from rural India sees a spike
Hyundai Motor’s top three cars sold in rural India during January-April 2024 were all SUVs, nudging out small car Grand i10 from the podium for the first time, reflecting the growing aspiration and purchasing power of rural buyers in India….
Pune Porsche Accident: Price of Porsche Taycan, sale in India, features, more – Porsche Taycan involved in Pune accident
May 23, 2024, 04:17:04 PM IST 1/5 Porsche Taycan involved in Pune accident Two young adults, Ashwini and Aneesh, were the victim of a fatal accident when a 17-year-old minor crashed his high-end car and ran over them. The driver,…
Expect double-digit sales growth this fiscal: Mercedes-Benz India
Mercedes-Benz India is eyeing double-digit sales growth this fiscal as demand remains strong, especially for high-end models, a senior company executive said on Wednesday. The company, which on Wednesday introduced luxury models — Maybach GLS 600 4MATIC SUV and AMG…
maruti breeza tata nexon: Mahindra 3XO is impressive, but..: Car expert reveals why it will be difficult for M&M to shake the Maruti, Tata dominance
Auto market expert Hormazd Sorabjee highlights that while Mahindra’s newly launched 3XO has captured customer interest with its features and pricing, the company needs to focus on two factors if they wish to become market leader or beat Tata and…
car lease: Kia partners with Orix to introduce vehicle lease programme
Kia India on Friday said it has tied up with Orix auto infrastructure services to introduce a new ownership experience programme. The company has inked a Memorandum of Understanding (MoU) with Orix ‘Kia Lease’. The initiative aims to enhance brand…
Wheels India Ltd: Wheels India records 64.3 per cent rise in Q4 net at Rs 36.8 crore
Wheels India Ltd has reported a 64.3 per cent rise in its net profit for the January-March 2024 quarter at Rs 36.8 crore on the back of exports doing well, the company said. The Chennai-based manufacturer of wheels for trucks,…
After X-440, Hero and Harley-Davidson may bring more US models to India
Hero MotoCorp and Harley-Davidson Inc are set to expand their partnership to bring more models of the iconic US motorcycle maker to India, riding on the overwhelming response to the X-440, multiple people aware of the negotiations told ET.The two…
India has sufficient domestic tyre capacity; imports must not be liberalised through free trade pacts: ATMA
India has sufficient tyre manufacturing capacity and imports should not be liberalised through FTAs by way of duty concessions, industry body Automotive Tyre Manufacturers’ Association said on Monday. The automotive tyres rank at the forefront of those sectors where domestic…
Honda Civic Lamborghini Terzo: Gujarat car enthusiast transforms Honda Civic into Rs 9-crore Lamborghini Terzo for just Rs 12 lakh: Watch video
In a remarkable feat, an Indian auto enthusiast has modified a Honda Civic into a Lamborghini Terzo Millennio electric concept car, surprising the internet and impressing car lovers worldwide. The car’s video, shared Gujrati YouTuber Tanna Dhaval, has gone viral…
Tata Motors news: Tata Motors group hikes investment outlay to Rs 43,000 cr for FY25
Tata Motors group has raised its investment outlay for FY25 to Rs 43,000 crore for new products and technologies, with its British arm Jaguar Land Rover absorbing the maximum share, according to a senior company official. In FY24, Tata Motors…
off-road driving: Off-roading mania sweeps India: Thrill-seekers conquer challenging terrain
Surgery and off-road driving are so similar,” says Dr Vani Parmar, 62, who recently retired as professor of breast surgical oncology from the Tata Memorial Centre, Khargar, Mumbai. “Both fields require precision, quick reaction times and an ability to handle…
M&M is wheeling big money into business. What is the plan?
India’s fourth-largest auto company, M&M, is shifting into a higher gear and pressing down on accelerator. It plans to fuel its business growth with an ambitious capital infusion plan. It will inject Rs 37,000 crore into its business, across different…
NCLT okays Metalysts Forgings’ acquisition by Deccan value-led group
After a delay of nearly seven years, lenders of Amtek Auto’s listed subsidiary Metalysts Forgings are likely to recover part of their dues, as the bankruptcy court has approved the company’s acquisition. The Mumbai bench of the National Company Law…
TVS Motor rolls out black edition of TVS Apache RTR 160 series at Rs 1.09 lakh
Two and three-wheeler maker TVS Motor Company strengthening its product portfolio has launched ‘A Blaze of Black’ Dark edition of its popular motorcycle TVS Apache 160 RTR. The new range of TVS Apache RTR 160 series will be available for…
Mahindra Group to invest Rs 37,000 crore in auto sector, plans to launch 23 new vehicles by 2030
Mahindra Group has announced a massive investment plan of Rs 37,000 crore over the next three years, with a significant portion dedicated to the auto sector. Anish Shah, the Managing Director and CEO, revealed that the company aims to introduce…
Will China become the cat among India’s EV pigeons?
Cheap but efficient Chinese electric vehicles (EVs) have sent a scare in the US and Europe. Many have predicted doomsday scenarios. The Alliance for American Manufacturing has said that government subsidized Chinese EVs “could end up being an extinction-level event…
Two-wheeler makers ride high on record sales of branded spare parts
Two-wheeler makers Royal Enfield, Bajaj Auto and Hero MotoCorp posted record revenue from sales of branded, genuine parts – like brake pads, headlights and speedometer – accessories and merchandise in FY24. At their post-earnings investor calls, company executives attributed this…
India PV sales: Ignored by desis, small cars are driving Made in India ambitions elsewhere
The average Indian in 2024 might prefer to buy a tank-sized automotive beauty with all the frills over a smaller car. However, what the desis seem to be rejecting, are turning out to be the backbone of India’s car exports….
April car sales growth moderates on high base
Car sales in the local market rose 1.3% to 335,629 units last month. Automakers attributed the tepid pace of growth to tapering off of the post-pandemic pent-up demand that sustained for the last two financial years. A high base due…
Hyundai ties up with Laxmi Group to commence Venue production in Nepal
NEW DELHI: Hyundai Motor India on Monday said it has commenced local assembly of its compact SUV Venue in Nepal in collaboration with Laxmi Group. The plant, the first automotive assembly facility in Nepal, has an annual installed capacity of…
Suzuki predicts India market to expand 2% in FY25, Maruti to outpace industry growth
New Delhi: Japanese auto major Suzuki Motor Corp expects car sales in India to grow 2% in the ongoing financial year and its local subsidiary, Maruti Suzuki, to perform better than the market, helping it recover lost market share in…
Luxury car companies keep it cool inside with advanced glass coatings
utomakers are using advanced glass coatings to keep vehicle cabins cool, alleviating the air-conditioning load as summer sweeps India, sending temperatures past 45°C in some cities. The push comes as vehicle sizes, glass surface areas and thermal loads grow with…
Escorts Kubota news: Escorts Kubota plans to invest up to Rs 4,500 cr in new plant over next 3-4 years
Farm and construction equipment manufacturer Escorts Kubota Ltd plans to invest up to Rs 4,500 crore over the next three to four years to set up a new manufacturing plant, according to its whole-time director and CFO Bharat Madan. The…
CNG vehicle sales: Maruti Suzuki expects over 30% jump in CNG vehicle sales at six lakh units in FY25
Maruti Suzuki India expects its CNG car sales to rise over 30 per cent to around 6 lakh units this fiscal, according to a senior company official. The country’s largest carmaker also aims to export around 3 lakh units in…
Tata Motors news: Tata Motors shines in Q4, anticipates debt-free status; JLR posts record profit
Tata Motors, India’s largest automaker by revenue, trumped Street expectations with amore than threefold surge in net profit in the March quarter propelled by strong performances across its three business verticals. The parent of British luxury carmaker Jaguar Land Rover…
MG Motor announces 100-year special editions of Comet, ZS EVs, & other models
MG Motor India has introduced the 100-year Special Edition variants of its well-liked models, Comet, Astor, Hector, and ZS EV in India. Although the models retain their specifications, features, dimensions, and performance, they receive some design modifications like the addition…
Maruti Suzuki Swift 2024: New engine, six airbags enough to woo India’s SUV lovers? – The Economic Times Video
Six airbags, a host of safety features and a brand new Z series engine that promises 24KMPL mileage are among a series of offerings that Maruti Suzuki is promising in the brand new Swift, to woo India’s SUV lovers. Will…
Tata Motors sees a relatively weak H1, set to shed net automotive debt though in FY25
Having reported record high revenue, profits and free cash flows, Tata Motors now expects to become net automotive debt free on a consolidated basis in FY25, it said in a stock exchange filing. The company is ‘cautiously optimistic’ on domestic…
TVS Share price: Bikes will retake pre-covid peak in two years: TVS
Two-wheeler sales in India will surpass pre-Covid peak either this fiscal year or the next, Sudarshan Venu, managing director at TVS Motor Company, said, indicating a broad-based revival in the economy where demand for entry-level two-wheelers have been languishing in…
Domestic tyre sale volumes expected to see moderate growth of 4-6 pc in FY25: Icra
Domestic tyre sale volumes are expected to see a moderate growth of 4-6 per cent this fiscal after witnessing an estimated pace of 6-8 per cent in the previous financial year, ratings agency Icra said on Thursday. This growth in…
car startups: Zoomcar eyes onboarding 20,000 cars by end of FY25
Car sharing platform Zoomcar is confident for substantial growth fuelled by its recent partnerships which further are aimed at fleet expansion. Zoomcar has said that it is on track to expand its fleet substantially, targeting the addition of over 5000…
Hero Moto share price: Hero Moto to make ‘big strides’ in FY25 through EV product launches in mid & affordable segment
Two-wheeler maker Hero MotoCorp, signalling a positive outlook for the upcoming year, on Wednesday said that it will launch electric variants in the mid and affordable segment. “Coming year willsee ustaking big strides in EV, through product launches in mid…
VST Zetor launches new range of tractors
VST Zetor Private Ltd, the joint venture between VST Tillers Tractors Ltd and HTC Investments, on Monday announced the launch of three “best-in-class” tractors in the higher horse-power range. In a statement, the company said, the three new tractors launched…
Tata Punch: Move aside WagonR & Swift, India’s newest favourite is Tata Motors’ Punch
The country’s favorite car is now from Tata, not Maruti. In a significant shift in the Indian automotive sector, Tata’s ‘mini SUV’ Punch has taken the lead as the best-selling model in the nation, surpassing some of Maruti’s well-known models…
Authorised car dealers can claim input tax credit on demo cars: AAR
New Delhi: Registered automobile dealers can claim input tax credit (ITC) on cars that are used for demonstration to potential customers, commonly known as demo cars, the West Bengal bench of the GST Authority for Advance Ruling (AAR) has ruled….
Luxury car companies speed up amid SUV ‘road rage’
Luxury car makers such as Mercedes-Benz, BMW and Audi are set to launch several new sport-utility vehicle models over the next three months, hoping to further deepen their foothold in this growing segment fuelled by evolving lifestyle trends and changing…
Ashok Leyland plans flurry of launches to boost light trucks market share
Chennai: Ashok Leyland, the Hinduja Group flagship, will roll out six new light commercial vehicles (2-3.5 tonne) in the next 12 months as part of a plan to increase its LCV market share to 25% from 20% now, a top…
Mahindra, Tata Motors receive record patent approvals in FY24
Domestic automobile majors Mahindra & Mahindra and Tata Motors have received a record number of patent approvals for a wide spectrum of product and process innovations in the last financial year. Mahindra & Mahindra (M&M) received 674 approvals, its best-ever…
Volkswagen strengthens retail footprint with new store in Tamil Nadu
German automaker Volkswagen has inaugurated a new store in the city under its expansion drive in the state, strengthening its retail presence in the country. With the setting up of a new outlet at Ambattur in the city, the total…
auto exports: India new land of rising sun for auto exports
New Delhi: Global auto companies are increasingly leveraging India as an export hub with Honda even shipping cars to its home market Japan and Suzuki set to follow suit later this year, driven by a growing base of quality suppliers…
Bajaj to launch first CNG-powered motorcycle on June 18, reveals MD Rajiv Bajaj
Bajaj Auto will launch India’s first ever CNG-powered motorcycle on June 18, 2024. Rajiv Bajaj, Managing Director of Bajaj Auto, announced the launch date earlier today during the launch event of Pulsar NS400Z. With The two-wheeler maker plans to disrupt…
Bajaj Auto unveils new Pulsar NS400Z at Rs 1.85 lakh. Check complete features
Bajaj Auto has unvield its latest marvel, the new Pulsar NS400Z at Rs 1.85 lakh (ex showroom price Delhi). With a potent 373cc engine under its hood, delivering an impressive 40 PS of power and 35 Nm of torque, this…
Citroen news: Citroen bets on ‘Basalt’ to boost India play
French carmaker Citroen, which has had limited success with the models launched in India so far, is hoping to turn around its fortunes in the country with the Basalt – a mid-size coupe SUV that would go on sale in…
Mahindra & Mahindra: Mahindra sales up 13% in April at 70,471 units
Mahindra & Mahindra on Thursday said its total wholesales increased 13 per cent year-on-year to 70,471 units in April as compared to the same month last year. The company’s total dispatches to its dealers stood at 62,294 units in April…
Maruti Suzuki: Maruti Suzuki expects revival of small car segment by 2026-end
New Delhi, Maruti Suzuki India expects a revival of the small car segment in the domestic market by 2026-end or 2027, after suffering from affordability issues and onslaught from SUVs, according to a senior company official. The small car segment,…
Tata Motors April sales: Tata Motors sales rise 11.5% to 77,521 units in April
Tata Motors on Wednesday said its total wholesales rose 11.5 per cent year-on-year to 77,521 units last month as compared with 69,599 units in April 2023. The company’s total domestic dispatches rose 12 per cent to 76,399 units last month…
Maruti Suzuki: Maruti bets on new-gen models to race past industry growth
Maruti Suzuki India is aiming to outpace the domestic industry this fiscal by selling about 2 million vehicles, marking an 8.1% increase, according to a plan shared with the automaker’s suppliers at a two-day vendor meet in Antalya, Turkey that…
mahindra xuc 3xo booking: Mahindra XUV 3XO: How to book XUV 3XO, booking amount, variants price list and everything you should know
Mahindra & Mahindra launched its highly anticipated model, the Mahindra XUV 3XO, on April 29. The facelift version of the popular Mahindra XUV 300 will rival the likes of Maruti Suzuki Brezza, Tata Nexon, Hyundai Venue, Kia Sonet, and the…
Mahindra SUV: M&M wants to be among top 2 players in compact SUV section in next three years
Mahindra & Mahindra Ltd on Monday said it wants to be among the top two players in the compact SUV section in the next three years. At the unveiling of its compact SUV here on Monday, M&M Executive Director and…
South Indian Bank: Tata Motors ties up with South Indian Bank for commercial vehicle finance
Tata Motors on Monday said it has tied up with South Indian Bank to offer financing solutions to its commercial vehicle customers and dealerships. As part of the Memorandum of Understanding (MoU), South Indian Bank will offer financing solutions across…
Mahindra XUV 3XO: Mahindra XUV 3XO: Expected design specs, pricing, and other details unveiled ahead of launch
Mahindra & Mahindra is gearing up to launch the much-anticipated Mahindra XUV 3XO, a compact SUV and facelifted version of the popular XUV 300, in the Indian market tomorrow, April 29, 2024. The new model promises exciting updates in design,…
Suzuki working on smaller hybrid cars for India with much better mileage: Maruti chairman RC Bhargava
Japanese auto giant Suzuki is working on smaller hybrid cars that will offer much better mileage than the current cars, revealed Maruti Suzuki Chairman RC Bhargava.While speaking to reporters post the announcement of Maruti’s Q4 earnings on Friday, Bhargava said…
Indian auto industry poised to reach USD 300 Billion by 2026; Revving up for innovation and expansion
India’s rapidly growing auto market is poised to hit a milestone, with projections indicating it will reach USD 300 billion by 2026. This growth is fueled by various factors, including rising income levels, urbanization, and a burgeoning middle class with…
Maruti Suzuki’s annual sales volume crosses 2 million units
Maruti Suzuki India disclosed its quarter four results for FY 2023-24, indicating a notable rise in net profit by 47.8 per cent to Rs 3,877.8 crore compared to Rs 2,623.6 crore in the same period last fiscal year.The annual sales…
FAME Subsidy Case: Hero Electric moves HC seeking relief
New Delhi: Hero Electric scooter company Hero Electric has approached the Punjab and Haryana High Court seeking relief from recovery of subsidies availed under the government’s flagship scheme to promote electric mobility.The move comes in the backdrop of the Centre…
ASK Automotive, AISIN Group enter into JV for passenger car segment
Auto parts maker ASK Automotive on Wednesday said it has entered into a joint venture pact with Japanese auto components supplier AISIN Group Companies in the passenger vehicle space. As part of the collaboration, the two partners will market and…
Hyundai: Hyundai to rev up India capacity to tap rising demand
Hyundai Motor Group’s Indian operations have been “pivotal” in driving growth at the Korean automotive conglomerate since the pandemic despite recessionary conditions worldwide, Euisin Chung, the group’s executive chair said on Thursday.He said the group is working on expanding annual…
Audi price: Audi to hike vehicle prices by up to 2% from June
German automaker Audi on Thursday said it will hike prices of its model range in India by up to 2 per cent from June, in order to offset the impact of rising input and transportation costs. The price hike will…
Large utility vehicles race past compact cars in growth lane
Mumbai: Sales of large utility vehicles such as SUVs and MPVs, which meet the government’s definition of ‘popular SUVs’, advanced at a faster clip of 27% in FY24 ahead of a 25% growth in the compact SUV segment, according to…
Volkswagen: Volkswagen Taigun GT Line and GT Plus Sport launched in India: Here’s what’s new
German automaker Volkswagen has expanded its SUV lineup in India with the launch of two new variants of the popular Taigun model. According to a statement by the company, the new variants, namely the Taigun GT Line and Taigun GT…
Is Mahindra Bolero Neo safe for you? The SUV scores only one star in safety ratings
Used popularly in rural India, the Mahindra Bolero Neo in the Global NCAP tests achieved only one star in child and adult safety ratings. The tested model comes equipped with two airbags as standard and has secured low ratings on…
vantage top speed: Aston Martin launches ‘Vantage’, priced at Rs 3.99 crore. Check key features and details of the sportscar
British luxury sports car manufacturer Aston Martin on Tuesday raised the curtain on its latest launch, the new Vantage, which aims to deliver an unparalleled driving experience. It is the second model in its next generation of sportscars.Priced at Rs…
MS Dhoni is Citroen’s new brand ambassador: Sources
French carmaker Citroen has engaged cricketing legend Mahendra Singh Dhoni as its brand ambassador in India, according to people aware of the development, as the Stellantis Group company seeks to improve brand awareness and find a firm footing in a…
Escorts Kubota tractor prices: Escorts Kubota to increase tractor prices from May 1
Engineering conglomerate Escorts Kubota on Monday announced a forthcoming increase in the prices of their tractor range starting May 1, 2024. The company’s agri-machinery division is set to implement these price adjustments, which will vary across different models, variants, and…
Hero MotoCorp: Hero MotoCorp inaugurates assembly unit in Nepal
Two-wheeler major Hero Motocorp on Sunday said it has opened an assembly facility in Nepal in partnership with its distributor CG Motors. The facility will have a capacity of 75,000 units per annum and will bring new investments and create…
Hyundai: Expect rural sales contribution at record levels this fiscal: Hyundai
NEW DELHI: Hyundai Motor India expects sales contribution from rural areas to remain at record levels in the current fiscal as well on account of various factors including anticipation of a favourable monsoon, according to a senior company executive. The…
compact vehicles: India’s love for sub-4 metre compact cars fades as SUVs gain ground
India’s appetite for compact vehicles – defined as being less than 4 metres in length – seems to be waning. Despite a preferential taxation regime, the share of sub-4 metre compact vehicles, has fallen from 62% in 2021 to 50%…
Nissan recall: Nissan recalls Magnite units to fix front door handle sensors
NEW DELHI: Nissan Motor India on Thursday said it is voluntarily recalling Magnite units produced between November 2020 and December 2023 for a retrofit of front door handle sensors. The company did not share the number of affected units. This…
Jaguar Land Rover: Tata Motors to use new $1 bln plant to make Jaguar Land Rover cars
Tata Motors is planning to manufacture Jaguar Land Rover (JLR) luxury cars at a $1 billion plant that it is planning to build in the southern state of Tamil Nadu, two sources with direct knowledge of the plans said. Tata…
Honda announces new engine assembly line at its Global Resource Factory in Haryana
Honda Motorcycle & Scooter India (HMSI) on Thursday inaugurated a new engine assmebly line with capacity of manufacturing 60 engines daily at its Global Resource Factory situated in Manesar, Haryana with focus on CKD (Completely Knocked Down) exports. “The new…
Bajaj Auto aims to make 10,000 Triumph units a month by September, CFO says
Bajaj Auto is aiming to achieve its target of producing 10,000 units of its Triumph motorcycles each month by September, a company executive said on Thursday. “I would pin that in the first half (of fiscal 2025),” Dinesh Thapar, Bajaj…
Talbros: Talbros Automotive’s JV firm secures order worth Rs 1,000 cr
Talbros Automotive Components on Thursday said its joint venture firm has secured a multi-year contract valued at around Rs 1,000 crore from a European original equipment manufacturer (OEM). The order is to be executed over a period of next eight…
car sales: Discounts, freebies drive in as automakers seek to push sales
Carmakers have started offering discounts and freebies this fiscal after a hiatus of three years, hoping to entice new buyers and clear record inventory levels. Car dealership stock reached an all-time high of 310,000 vehicles at the start of the…
maruti suzuki: Maruti Suzuki India gets revised ₹2.5 crore tax demand
Indian automotive major Maruti Suzuki on Wednesday announced that it has received a ₹2.5 crore tax demand from the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Chandigarh. The carmaker said that it would be contesting the demand in the…