Gujarat GST authority: Gujarat GST authority upholds Rs 173.9 cr tax demand against Maruti Suzuki’s arm
New Delhi, Maruti Suzuki India on Wednesday said the Gujarat GST authority has upheld the tax demand of Rs 173.9 crore along with a penalty of Rs 17.4 crore against its arm Suzuki Motor Gujarat Pvt Ltd and the subsidiary…
CEAT gets GST demand, penalties of over Rs 19 cr
New Delhi: Tyre maker CEAT Ltd on Wednesday said it has received GST demand and penalties totalling over Rs 19 crore from tax authorities in Maharashtra and Vadodara. The Additional Commissioner, CGST & Central Excise, Vadodara has issued an order…
Suzuki Motorcycle India’s vehicle sales grow 24 pc in Dec
Mumbai: Two-wheeler maker Suzuki Motorcycle India on Tuesday said its vehicle sales increased 24 per cent year-on-year to 79,483 units in December. Suzuki Motorcycle India Pvt Ltd (SMIPL), a subsidiary of Suzuki Motor Corporation, had sold 63,912 vehicles in December,…
Kia India: Kia India names Gwanggu Lee as new MD, CEO
Kia India on Tuesday said it has appointed Gwanggu Lee as the new Managing Director and CEO with immediate effect. Lee succeeds Tae Jin Park, who retires after a 36-year journey with Kia Corporation including a four year stint with…
passenger vehicle sales: Cars and utility vehicles: 4,000,000 PV sales ride to a record high in 2023
New Delhi: Sales of cars and utility vehicles posted strong growth last month, helping the 2023 volume to top 4 million units a year for the first time. As per industry estimates, about 4.1 million passenger vehicles were sold in…
Sales of Indian SUVs soar, smaller cars skid in December
Sales of sports utility vehicles (SUVs) rose in December, while small car sales fell despite high discounts, data from Indian automakers showed on Monday. While entry-level vehicles remain a millstone around automobile makers’ necks, they have benefited from the sales…
Predictions for 2024: Small cars may lag in a good year for motown, says RC Bhargava, Maruti Suzuki
The growth of the automobile industry, which in normal times closely tracks the growth of the GDP, was adversely affected in 2019-20 by the switch to BS6 standards, then by the Covid pandemic and finally by the shortages of semi-conductors….
India Yamaha Motor Launches R3 and MT-03 as Completely Built Units in Chennai
Two-wheeler major India Yamaha Motor has launched its latest sports motorcycles — R3 and MT-03 — widening its product portfolio in the domestic market, the company said on Wednesday. The two products — the track-oriented R3 and the street fighter…
MG Motor India models: MG Motor India to introduce seven new models in India in 2 years
Mumbai: MG Motor India, the SAIC-owned British brand, plans to launch seven new models in the Indian market over the next couple of years, the company told a group of dealers invited to its headquarters in Shanghai within days of…
Hyundai Motor India ropes in Deepika Padukone as brand ambassador
Chennai: Hyundai Motor India has roped in popular Bollywood actress Deepika Padukone as its brand ambassador, the Korean automaker said on Friday. Her association adds a touch of star power, emphasising Hyundai’s commitment to style, performance and an unparalleled driving…
M&M Tax penalty: M&M gets Rs 4.12 crore tax penalty; company to challenge
Mahindra & Mahindra on Friday said it has been imposed a penalty of Rs 4.12 crore over input tax credit claim and education cess credit balance carry forward from pre-GST regime to GST regime in relation to its two-wheeler business….
Tesla India plant: Tesla’s Gujarat plant likely to be announced during Vibrant Gujarat in presence of Elon Musk: Report
Prominent electric vehicle maker Tesla’s plans to set up a plant in India will be made public in January during the Vibrant Gujarat Summit in the presence of its CEO Elon Musk, a report said on Thursday. The Ahmedabad Mirror…
Efforts to boost localisation adding on to revenue of component firms
India’s love for larger, feature-rich vehicles, coupled with efforts being undertaken by stakeholders to deepen localisation, is turning into a boon for local autos parts makers with component sales in the country surging to a whopping $ 36.1 billion in…
Toyota Kirloskar news: Toyota Kirloskar confident of continuing strong growth in 2024
Toyota Kirloskar Motor on Wednesday said it expects to continue the strong momentum next year after closing 2023 with record sales as rising demand from tier II and III markets is slated to fuel further growth. The company is set…
With slew of new launches, Auto Inc set for a happy new year
Mumbai: More than two dozen new car models will be unveiled or go on sale in 2024 as automakers ride on the momentum of the past two years and launch new battery-run vehicles as part of the transition to electric….
Tata Motors: Tata Motors bags order for 1,350 bus chassis from UP State Road Transport Corporation
Automaker giant Tata Motors on Tuesday announced that it has bagged an order to supply 1,350 units of diesel bus chassis from the Uttar Pradesh State Road Transport Corporation. The order is for the company’s Tata LPO 1618 diesel bus…
Tata Motors – Record Passenger Vehicle Sales in 2023
Tata Motors, India’s third largest passenger vehicle maker, expects next year — both calendar and fiscal — to be the best on record in terms of sales volume for the company’s passenger vehicles business, driven by the new models it…
biodiversity loss: Five Indian tyre makers in global top 30 list: ATMA
Five Indian companies featured among the top 30 tyre manufacturers globally, according to a report by Automotive Tyre Manufacturers’ Association (ATMA). In the ‘Tire Business Magazine’s 38th Global Tire Report’ by ATMA based on revenue in 2022, Apollo, MRF, JK…
Passenger Vehicles: Sharp correction in December dispatches for Passenger Vehicles in India indicates market slowdown
Passenger vehicle (PV) makers are estimated to have taken a sharp correction in dispatches to dealers in December, indicating that sales in Asia’s third largest auto market are beginning to lose steam. Easing of demand post festivals that had pushed…
Automakers brace for moderate sales after record 2023; gear up for more EV launches in 2024
After posting record-breaking volumes in 2023, Indian automobile industry is driving into the new year aware of a lurking moderation in sales growth but ready to embrace green technologies, led by electric vehicles. Passenger vehicle sales are expected to cross…
Tata Safari | 5-Star Rated SUV
Tata Motors on Wednesday said its SUVs Safari and Harrier have become the first recipients of the five-star rating for adult and child occupant protection as per the Bharat New Car Assessment Programme (Bharat-NCAP). Earlier in August this year, the…
auto component industry: Auto parts sales rise 6.5% in H1 as buyers turn to feature-rich vehicles
Indians’ love for larger, feature-rich vehicles, coupled with a concerted push to deepen local content, is turning into a boon for auto parts makers with domestic component sales rising 6.5%, on a high base, to a whopping $36.1 billion in…
maruti: How India’s largest carmaker, Maruti, claimed the throne of the top SUV maker
In a remarkable feat, India’s largest carmaker Maruti Suzuki has swiftly emerged as the leading SUV manufacturer, surpassing its initial goal set in 2022. With an ambitious plan to capture the numero uno spot in the SUV market by the…
Maruti Suzuki: Maruti Suzuki to set up second JIM in Haryana
Maruti Suzuki India (MSI) on Friday said it has inked a pact with the Haryana government to set up second Japan-India Institute for Manufacturing (JIM) in the state. The new institute would come up at Kansala in Rohtak, Haryana and…
Ashok Leyland news: Ashok Leyland bags order for 552 buses from Tamil Nadu transport entity
Commercial vehicle major Ashok Leyland on Thursday said it has bagged an order to supply 552 buses from Tamil Nadu State Transport Corporation (TNSTC). The ultra-low entry (ULE) buses would be used for public transport, the company said in a…
Construction, PV segments to boost tyre industry: JK Tyre MD Raghupati Singhania
Mumbai: Strong growth in the construction equipment and mining segments will be “a shot in the arm” for the tyre industry, in addition to continuing firm demand in the passenger vehicle market, JK Tyre & Industries chairman and managing director…
tata motors: Tata Motors expects passenger car sales to beat all records next year
Tata Motors, India’s third-largest passenger vehicle maker, expects next year – both calendar and fiscal – to be the best on record in terms of sales volume for the company’s passenger vehicles business, driven by the new models it plans…
Quality Control on Car and Bike Wheel Rims from Friday
The centre will curb the import of substandard car and bike wheels come Friday as it implements the quality control order for automobile rims. The move comes with riders as some manufacturers are being allowed to import limited quantities of…
ford: Ford drives out of deal to sell Tamil Nadu plant to JSW
Ford Motor Co. unexpectedly abandoned plans to sell its Tamil Nadu plant, its sole remaining factory site in the country, after finalising a deal with the Sajjan Jindal-led JSW Group recently, said people with knowledge of the matter. The decision…
nitin gadkari: Driverless cars will take away jobs, will never allow these in India: Nitin Gadkari – The Economic Times Video
The Union Minister for Road Transport and Highways in India, Nitin Gadkari, has once more expressed his reservations about the idea of driverless cars in the country. He has consistently held this stance, emphasizing that he won’t permit these vehicles…
volvo: Volvo Car India to increase prices up to 2 pc from January
Volvo Car India on Thursday said it will increase prices up to 2 per cent from January 1, 2024. The decision to raise prices is on account of rising input costs and volatile foreign exchange rates, the automaker said in…
maruti swift: Maruti Suzuki to launch next-gen Swift next year: Here is the complete list of Maruti cars coming in 2024
2024 is going to be a significant year for Maruti Suzuki in India as they have a series of new launches planned. Among them is the much-awaited next-gen Swift, which was recently introduced in Japan and will soon make its…
honda: Honda Elevate crosses 20,000 sales mark
Honda Cars India on Saturday said its mid-sized Sports Utility Vehicle Elevate has crossed 20,000 sales mark since its launch in the domestic market in September this year. The new model accounted for over 50 per cent of total company…
Nano effect: Gujarat attracting big investments since its automobile sector took off in 2009
Ahmedabad: Gujarat’s automobile sector took off in 2009 when Tata Motors set up its Nano manufacturing plant in Sanand, about 50 km from Ahmedabad, and the state has been attracting some big ticket investments from both domestic and international players…
volkswagen: Volkswagen India ties up with Centre for its vehicle scheme
Automaker Volkswagen India has partnered with Centre’s Kendriya Police Kalyan Bhandar scheme to offer its products to personnel of central security agencies and their families. Under this initiative, Volkswagen India is making its entire range of cars available to beneficiaries…
The year of the SUV: When Indian automakers started riding higher
In 2023, SUVs (sports utility vehicles), though shrunk from their original avatars, came to rule India’s auto market. The number of SUV launches hit a new high this calendar year at 108, reaching the three-figure mark for the first time….
Motorcycle icon Royal Enfield faces fresh challenge from Harley, Triumph in India’s biker paradise
Sajneet Sandhu grew up riding on her father’s Royal Enfield around Goa’s palm-fringed roads, taking in endless beaches and rice paddies from the back of the iconic Indian motorcycle. Now 43 and inspired by those childhood memories, she has got…
Kia: Kia India draws up aggressive business plan; to jack up production, widen sales network next year
South Korean automaker Kia is looking to expand production, sales network and its product range in India next year as part of an “aggressive business” plan to counter enhanced competition in the market, a top company official said on Thursday….
Kia unveils Sonet Facelift 2024
Kia India launched the new and updated Kia Sonet facelift to the Indian market on Thursday with enhanced features and new upgrade. The new Sonet facelift features cosmetic upgrades, additional features, improved dynamics, improved safety and much more. Watch
Scorpio-N gets zero safety ANCAP rating; M&M working to meet unique regulations
New Delhi: Mahindra & Mahindra’s sports utility vehicle Scorpio-N has received zero safety rating from ANCAP, prompting the company to state it will incorporate upgrades in the product mid-cycle update to meet the new safety regulations. The vehicle earlier had…
classic legends pvt ltd: Mahindra & Mahindra’s Classic Legends to get fund infusion of Rs 875 cr
Classic Legends Pvt Ltd, a Mahindra and Mahindra subsidiary that makes iconic motorcycle brands Yezdi and Jawa among others, is set to get a fund infusion of Rs 875 crore, Mahindra said in a stock exchange filing. Of this, Mahindra…
India’s light vehicle market the only one among top 10 globally to outgrow pre-pandemic levels
India has been the fastest growing among the world’s ten largest automobile markets this calendar year when compared to the pre-pandemic year of 2019, according to a global forecasting firm. The world’s largest light vehicle (includes cars and light utility…
Auto companies log best-ever November sales on robust festive demand
Passenger vehicle (PV) sales in the domestic market grew in single digits last month, on a high base, to the highest-yet levels recorded for the month of November, driven by robust consumer demand during the festivals in the first two…
tata communications: JLR strengthens partnership with Tata Communications for digital transformation
Jaguar Land Rover (JLR) on Tuesday announced the strengthening of its partnership with Tata Communications for future-proof digital transformation at the British automobile manufacturer’s sites spread across the globe. The latest partnership will power the production of JLR’s next-generation vehicles,…
Motown spreads Christmas cheer with best deals in 5 years
New Delhi: Carmakers are offering the best deals seen in the past five years on small cars, sedans and slow-moving SUVs to reduce dealer inventory that has ballooned after the recent festive season. Several dealers and industry executives ET spoke…
Stellantis India names Aditya Jairaj as CEO, MD
New Delhi: Automaker Stellantis India on Monday said it has appointed Aditya Jairaj as CEO and Managing Director of the company with effect from Jan 1, 2024. Jairaj, currently Deputy Managing Director, Stellantis India and Head – Jeep India, will…
Bajaj Auto: We will build, not burn, our way into the future, says Bajaj Auto MD Rajiv Bajaj
Rajiv Bajaj, managing director of Bajaj Auto, sees the electric vehicles (EVs) business achieving profitability at a relatively lower volume threshold, on the back of pricing power, a cost competitive structure and strength of the brand. The two-wheeler manufacturer entered…
tata motors: Tata Motors to hike price of commercial vehicles by up to 3% from Jan 1, 2024
Indian automobile manufacturer Tata Motors on Sunday announced that it will hike the prices of commercial vehicles by up to 3 per cent with effect from January 1, 2024. Informing the exchanges, the company said that the price increase is…
TVS Motor unveils TVS Apache RTR 160 4V with dual channel ABS at Rs 1.34 lakh
Two and three-wheeler manufacturer TVS Motor has launched the TVS Apache 160 4V motorcycle equipped with Dual Channel ABS and Voice Assist, widening its product portfolio. The new bike, priced at Rs 1,34,990 (ex-showroom Tamil Nadu) was in line with…
suzuki motorcycle: Suzuki Motorcycle launches spl service campaign for Chennai flood-affected customers
Two-wheeler manufacturer Suzuki Motorcycle has rolled out free service support to flood-affected customers in Chennai and neighbouring districts, the company said on Saturday. This is aimed at reducing the financial impact of vehicle repairs faced by affected residents. The Indian…
car buyers: India’s new-age car buyers are opting for brighter, single-model shades that define brands, personality
Henry Ford once famously offered the Model T in any colour, as long as it was black. Indian car buyers gravitated to the other end of the palette, having a well-known preference for white or silver. Not any more, it…
Planning to buy a car? Maruti Suzuki is offering discounts of up to Rs 2.3 lakh on select models. Here are details
The country’s largest carmaker Maruti Suzuki is offering attractive discounts on select models in the Indian market. From December 2023, customers can take advantage of these discounts on models like Jimny, Fronx, and Grand Vitara. The discounts are available in…
Ducati to hike prices of select models from January
New Delhi: Italian superbike maker Ducati on Thursday said it will hike prices of select models from January 1, 2024. The updated prices will come into effect across selected models and variants of the bikes and will be applicable on…
hdfc bank: Tata Motors partners HDFC Bank for commercial vehicle financing
Tata Motors on Thursday said it has partnered with HDFC Bank to provide digital financing solutions for its commercial vehicle customers. The two companies have signed a Memorandum of Understanding (MoU) to this effect, Tata Motors said in a statement….
revuelto: Revuelto hybrid: Lamborghini’s most expensive model in India sold out till 2026
Automobili Lamborghini’s all-new Revuelto hybrid supercar, which made its India debut on Wednesday, is sold out till 2026 as the Italian supercar maker’s India subsidiary has exhausted the number of units allocated by the parent company. Priced at Rs 8.89…
price hike: Mahindra & Mahindra announces price hike for passenger, commercial vehicles in 2024
Mahindra & Mahindra on Wednesday announced its decision to raise prices for both passenger and commercial vehicle models, effective from January 2024. This strategic move comes in response to the mounting challenges posed by inflation and the surge in commodity…
M&M to roll out expansion plans to meet robust demand
Mahindra and Mahindra plans to double production capacity of its SUVs, pick-up trucks, electric three-wheelers over the next three-four years as it seeks to make room for the upcoming fossil fuel based and battery-operated models in the personal and commercial…
Indian govt should discourage sales of bigger vehicles, SUVs: David Ward of Global NCAP
Increasing demand for bigger and sporty vehicles in India is a great road safety and environmental challenge and the government should discourage sales of these bigger vehicles, David Ward, executive president, Global New Car Assessment Programme (Global NCAP) said. “India,…
Skoda Auto Volkswagen looks to step up capacity utilisation rate to 90%
Škoda Auto Volkswagen India plans to introduce new models as well as refreshes of the existing ones in 2024, along with entering the electric vehicle (EV) segment, even as it seeks to step up exports of made in India cars…
two-wheeler sales: ET Explainer: Why are two-wheeler sales picking up in rural markets when other categories are under stress?
A sharp rise in two-wheeler prices, along with the economic impact of the pandemic, which hit the incomes of consumers at the lower end of the market the hardest, had led to a steep decline in two-wheeler sales in the…
royal enfield: Royal Enfield sales rise 13 pc to 80,251 units in November
Mid-sized motorcycle maker Royal Enfield on Friday reported a 13 per cent rise in total wholesales to 80,251 units in November 2023. The company had dispatched 70,766 units in the same month last year, Royal Enfield said in a statement….
Honda Cars to hike prices of its entire model range from January
Honda Cars India plans to increase prices of its vehicles from January in order to partially offset the impact of riding input costs, according to a senior company official. The Japanese carmaker sells three models — Elevate, City and Amaze…
jimny thunder edition: Jimny price slashed by ₹2 lakh; new Thunder variant launched. Check prices here
For a limited time only, Maruti Suzuki is introducing the “Thunder Edition,” a new special edition version of the Jimny. With a starting price of Rs 10.74 lakh (ex-showroom), the Jimny Thunder Edition is actually more inexpensive than the ordinary…
What Sajjan Jindal’s ride on MG Motor means
Sajjan Jindal’s JSW Group buying a 35% stake in MG Motor India is a win-win deal for both. MG Motor India is a British brand owned by China’s SAIC. The company had a good start with the launch of its…
Hybrid cars surpass electric vehicles in India’s auto market
Hybrid cars are rapidly gaining popularity in India overtaking battery electric vehicle sales for three straight months this financial year.New car buyers are taking a penchant for the handful of hybrid vehicles currently on sale in the Indian market such…
ashok leyland: Ashok Leyland posts 3 per cent dip in total sales in November
Hinduja Group flagship company Ashok Leyland has witnessed a 3 per cent decline in its sales in domestic and overseas markets by selling 14,053 units in November, the company said on Friday. The city-based commercial vehicle maker sold 14,561 units…
JSW, China’s SAIC form new India venture for green mobility
Indian conglomerate JSW Group and China’s SAIC Motor have formed a joint venture in India with a focus on green mobility and to develop the electric vehicle ecosystem, the two companies said in a statement on Thursday. JSW will take…
Sime Darby India: Malaysia’s Sime Darby seeks to expand car retail business into India, Indonesia – CEO
Sime Darby, Malaysia’s industrial and automotive conglomerate, is looking to set up a luxury car retail business in India and expand in Indonesia to tap into the growth potential of both economies, its top executive told Reuters. “We cannot ignore…