BUSINESS
Economic Survey 2023: Auto sector to play a critical role in India's shift to green energy
The auto sector’s importance is gauged by the fact that it contributes 7.1 percent to the overall GDP and 49 percent to the manufacturing GDP while generating direct and indirect employment of 3.7 crore as at the end of 2021
BUSINESS
Kia's made-in-India electric car to debut in 2025, says company official
Korean car maker Kia will not launch any new models in 2023. Seltos SUV will account for 4 out of every 10 vehicles sold, says Hardeep Brar, Vice-President and Head of Marketing and Sales
BUSINESS
We will have a mix of global and local SUVs for the Indian market: Toyota India country head
On EVs, Vikram Gulati feels the government needs to align the taxation with its energy goals. Because if green technologies are not encouraged, they will not find consumer acceptance.
BUSINESS
Why some models awaited at Auto Expo 2023 remained invisible
Moneycontrol analyses some prominent automobile models that will be hitting the market in the near term.
BUSINESS
Connected vehicles gain prominence at Auto Expo‘23
This is thanks to unprecedented demand for embedded telematics as car buyers seek higher levels of safety, comfort and convenience while driving their vehicles.
BUSINESS
The cars built by our Indian craftsmen are world class: Lexus India President
As demand for the luxe Lexus brand has seen strong growth over the years, the company plans to scale up its distribution to at least 25 cities in the coming year.
BUSINESS
JBM Auto earmarks Rs 800 core this CY to beef up EV operations
FY 2026-27, the company expects the size of the new bus market to grow to 80,000 to 90,000 units per annum and 50 percent of them to be pure electric vehicles
BUSINESS
Maruti Suzuki Jimny off to flying start, crosses 8,000 bookings and draws 3-month waitlist
There is speculation that the model will be priced in the range of Rs 10-12.5 lakh, though the company has maintained silence on this aspect
BUSINESS
BYD aims to be among top three e-PV players in India this year
BYD India plans to roll out the Seal in October. Like its current two models, the electric sedan will come to India via the SKD route and will be assembled at the Chinese carmaker’s facility in Sriperumbudur, near Chennai.
BUSINESS
Models unleashed by OEMs during last Expo relevant even now
With their fingers on the pulse of the market, the top three carmakers ― Hyundai, Maruti Suzuki, and Kia ― launched SUVs over the last couple of years. Now, this trend of the previous Expo, showcasing and pushing SUVs, will get replicated at a larger scale in the current Expo. Also, electrification will be an emerging theme
INDIA
Why are some automakers still shying away from India’s biggest auto extravaganza?
Blame it on a combination of uncertainty in the economic recovery, the lack of an industry-wide consensus and mutual scepticism between the auto sector and the government
BUSINESS
Government should take steps to revive rural economy: Vinod Aggarwal, MD & CEO, Volvo Eicher Commercial Vehicles, and President, SIAM
In the upcoming Budget, the CV major expects the government to continue with its growth-oriented approach in order to capitalise on the growth potential in the economy.
BUSINESS
SUVs and EVs to hog the limelight at Auto Expo'23
There will be 14 SUV unveils or rollouts at the expo, of which 9 will be petrol-powered and six will be EVs. As many as 30 EV manufacturers are participating in the show.
BUSINESS
Auto Expo 2023 | All you need to know about India's biggest Motown event in January
About 45 vehicle makers, including Maruti, Hyundai, Kia, Toyota and BYD and EV firms, will showcase a bevy of new cars, concept vehicles and two-wheelers at Auto Expo in NCR in January
BUSINESS
Auto Expo 2023: Chinese OEM participation whittles down amid border tensions
Only MG Motor and BYD taking part in the upcoming Auto Show in NCR this month as most of the proposed Chinese investment in India is stalled or put on hold
BUSINESS
E2W sales at 64k in December, cross six lakh mark in CY2022
The data also showed that Ola Electric retained the market leadership position, having delivered 17,279 units of the S1 and S1 Pro electric scooters during December
BUSINESS
Auto industry seeks thrust on govt capex, sops for EVs and rationalisation of duty structure
Automakers are not expecting any relief for ICE vehicles but want the government to spur demand while EV makers are seeking standardization of battery voltages, an extension of Fame II and correction of inverted duty structure
BUSINESS
Adieu 2022: Key moments and developments that defined Indian automobile industry
The year saw car companies in India beginning to explore Metaverse, that’s touted as the future of the automotive industry. NFTs too, entered the auto industry in 2022
BUSINESS
Discount offers on sedans, hatches continue to pump up December ’22 car sales
Price hikes announced by car companies from 2023 are another factor for uptick in offtake at dealerships. OEMs are also offering huge discounts and have even taken contributions from dealer margins, says FADA
BUSINESS
Amara Raja-backed Log9 Materials lines up Rs 2,350-crore capex for EV battery ecosystem
The Bangalore-based startup, which specialises in the manufacturing, research and development of nanotechnologies, had started making batteries for electric two- and three-wheelers from December last year and is currently churning out 8,000-10,000 units per year
BUSINESS
Cars and motorcycles set to get more expensive from January'23
Prices may go up again by April, when stricter norms kick in and vehicles must be equipped to monitor emissions in real time
BUSINESS
RC Bhargava questions NCAP credibility after Maruti cars fail crash test
The chairman of India’s largest car company said the focus should be on the causes of accidents and preventing them.
BUSINESS
SUV tax regime to get streamlined, thanks to clarifications by Finance Minister Nirmala Sitharaman
With SUVs forming a significant part of passenger vehicle sales, the clarifications have come at an opportune time
BUSINESS
Uniform tax on small, big cars will not augur well for auto industry growth: Maruti Suzuki Chairman RC Bhargava
RC Bhargava also said India's economic growth rate could be higher if the manufacturing sector grows fast, which 'unfortunately' has remained a laggard despite the best efforts of the Narendra Modi-led government at the Centre due to implementation gaps at the ground level.
