BUSINESS
Gaps continue to persist in semiconductor availability as use of electronics in automobiles rises: ACMA’s Sunjay Kapur
We are a very attractive industry for the defence and aerospace sectors because we follow the right systems and processes for defence and aerospace, says Kapur
BUSINESS
Matter to roll out electric motorcycles to take on commuter ICE bikes
Based on the UT and EXE concepts showcased at the Auto Expo, the as-yet-unnamed bikes will be launched in the next 18-24 months, a senior official of Matter told Moneycontrol in an exclusive interaction.
BUSINESS
February E2W sales: Ola retains top spot, TVS outsells Ather to grab second position
The total number of electronic two-wheelers sold last month was almost double the number of units sold during February 2022 at 35,709 units, and just a notch above 64,595 units sold in January 2023.
AUTOMOBILE
Full throttle: Car sales continue to climb in February '23
Maruti Suzuki India Limited (MSIL) reported a 10 percent growth in its domestic PV sales to 147,467 units in February 2023, compared to 133,948 units in the same month last year.
BUSINESS
Matter rolls out geared electric motorcycle Aera with prices starting at Rs 1,43,999
The Aera will be offered with a claimed range of 125 km for all variants except 6000+, which will go up to 150 km on a single charge.
BUSINESS
Ashok Leyland's Shenu Agarwal: Will direct investments more on alternative fuel vehicles
Shenu Agarwal, MD & CEO, says the company’s plan is to accelerate product development and roll them out within 2023. He says Ashok Leyland has been contemplating a foray into the sub-two-tonne segment for some time now.
BUSINESS
Ashok Leyland mulling sub-2-tonne truck for last-mile delivery
India’s second-largest commercial vehicle-maker has said while it is present in only 60 percent of the light truck market, it is keen to tap the remaining 40 percent with new products
BUSINESS
An SUV on your mind? Hold your nerves for 6 months to one year to get it
Industry analysts reckon that while the auto sector’s chip shortage is gradually easing, leading to improved supply, one of the primary reasons for the long waiting periods is the limited production capacity of auto manufacturers.
BUSINESS
JK Tyre rolls out tyres for SUV, EV aftermarket customers
The company is holding talks with OEMs for the Ranger X-AT tyres.
BUSINESS
Two-wheeler sales cross 1 lakh mark in 45 days this year, but industry body SMEV not impressed
Industry body the Society of Manufacturers of Electric Vehicles feels the number of two-wheeler electric sales for this year are underwhelming and could have been much higher.
BUSINESS
Volvo to import C4O Recharge CKD kits from China for sale in India
The next step would be to move from CKD assembly to full-scale manufacturing
BUSINESS
Mahindra rules out introducing electric version of KUV100
Analysts said the automaker may be aiming to cater to individual buyers rather than fleet operators
AUTOMOBILE
Indian Uber luxury car market on a superhighway cruise
Global brands such as Rolls-Royce, Aston Martin, Lamborghini, Ferrari, Bentley and Porsche witnessed all-time high sales in India in 2022 and are anticipating robust sales this year too.
BUSINESS
Budget 2023 | FM revises FAME outlay for FY24 to Rs 5,172 crore
The FAME-2 subsidy accounts for 85% of the total Budget allocation of Rs 6,145 crore for the Ministry of Heavy Industries.
BUSINESS
Ashok Leyland to launch battery-run Dost range of LCVs this year
The mini-trucks are targeted at the last-mile logistics segment, where the company sees enormous demand.
BUSINESS
Hero MotoCorp, Honda two-wheeler sales start on negative note in 2023
Experts said sales in the auto sector were expected to be robust across categories, barring scooters and motorcycles.
BUSINESS
Budget 2023: A renewed push for green mobility, lithium-ion cell machinery gets duty exemption
The Budget 2023-24 extended duty exemption to the import of capital goods and machinery required for making lithium-ion cells for batteries used in EVs, which is expected to being down cost of EVs
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
