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.
BUSINESS
Piaggio India brings in new range of Ape E3Ws, but says no plans to diversify into E4Ws
A fixed battery solution is available for both the models, while a swappable battery solution for the new FX Max will be available soon
BUSINESS
PV sales up by 28.11% at 276,231 units in November’22
According to SIAM, passenger vehicles posted the highest-ever sales in FY 2022-23 till November. Sales of three-wheelers are still lower than 2010-11 and two-wheelers are less than 2016-17. Higher interest rates and increase in long-term insurance premium continue to be a concern for consumers, it said.
BUSINESS
Auto retail sales grow 26% in November on festive, wedding push
November sales are the highest on record, barring March 2020, when numbers were higher due to BS-6 transition. All categories of vehicles logged double-digit growth last month.
BUSINESS
The long and short of it: PMI Electro Mobility looks to tap private bus operators with its 13.5-metre electric bus
Without sharing any sales target for this model, the company stated the long-haul buses will largely be catering to operators who are replacing their existing fleet of diesel or CNG-driven buses
BUSINESS
Planning to buy an EV? Expect to pay more as battery costs spike
The government recently came up with revised testing standards for batteries to ensure minimum safety standards for electric vehicle
BUSINESS
Will continue to use Hero brand name for E2Ws: Naveen Munjal, MD of Hero Electric
The company has no plans to get into manufacturing batteries to power electric two-wheelers, preferring to leave that to specialists that spend thousands of crore rupees on research and development every year.
BUSINESS
E2W sales fall flat in November, dragged down by Okinawa
In the current financial year, the E2W industry has clocked a volume of around 4.3 lakh units till November, and with four months left, total sales may fall 20 percent short of the 1 million units projected by both NITI Aayog and SMEV.
