BUSINESS
Hyundai India aims for yearly output of 1 million units and eyes 4 BEV rollouts over next few years
The country’s second largest carmaker also intends to deepen its localised supplier network by adopting a localisation strategy for the Talegaon plant in India.
BUSINESS
M&HCV sales to see upsurge; higher tonnage vehicles in demand: Ashok Leyland
Within the M&HCV growth momentum, Ashok Leyland is seeing strong demand growth from higher tonnage vehicles driven by better unit economics of these vehicles.
BUSINESS
Hyundai India’s royalty outgo to parent company stands at 3.5% of sales revenue, as per pre-IPO DRHP
During the April-December period of FY24, the country's second largest carmaker paid Rs 8,088.80 crore to parent company based in Seoul, as per the DRHP.
BUSINESS
Hyundai Motor India poised for sustained growth in FY24 bottomline
During the April-December period of this fiscal, the company registered a topline of Rs 52,157.91crore and bottomline of 4,382.87 crore
BUSINESS
EV industry upbeat on Modi 3.0 with hopes of continued policy support, fresh sops
Multiple Industry stakeholders, including EV manufacturers, told Moneycontrol that notwithstanding the compulsions of the coalition government the thrust on EV ecosystem and net zero emissions with continue unabated during Modi 3.0
BUSINESS
India Inc pitches for consistency in policy making despite complexities of coalition rule
Expects the new government to persist in prioritizing infrastructure spending and bolstering domestic manufacturing in crucial sectors through initiatives like production-linked incentives.
BUSINESS
Passenger vehicle sales rise at modest pace of 4.4% at 3,50,257 units in May
The high base effect of last year also resulted in modest growth in PV volumes last month.
BUSINESS
Auto giants line up investments of up to Rs 1 lakh crore in current fiscal
This confidence, according to industry experts, is rooted in the nearly 4.23 million units of passenger vehicle (PV) sales achieved during FY 24, with sustained growth projected for the coming years.
BUSINESS
Ashok Leyland's investments in Switch Mobility set to yield results in medium term, says Dheeraj Hinduja
The Hinduja Group flagship firm has invested Rs 537 crore so far in Switch Mobility, taking its total investment so far to £113 million.
BUSINESS
Ashok Leyland targets 25% market share in LCV market; to launch six models in FY25
When queried if the company foresees any impact on margins with more LCVs, Ashok Leyland Chairman Dheeraj Hinduja said that he expects the same type of margins in light trucks as the company sees in M&HCVs
BUSINESS
Surge in demand amid rising affluence sparks long waiting periods for high-end cars
Toyota’s Hyryder SUV and Innova Hycross UVs have waiting periods stretching from several months to close to two years, underscoring the challenge of meeting soaring demand
BUSINESS
XUV 3XO will attract many first-time buyers who may not wait endlessly for delivery: Rajesh Jejurikar, M&M
He also acknowledged that the company is very mindful that if the waiting periods are high, it may lead to higher cancellations.
BUSINESS
Mercedes-Benz drives AMG S 63 E Performance, Maybach GLS 600 SUV into India
With the launch of these models, the German luxury carmaker has launched five models so far and is on course to launch another seven models, which will include more TEVs.
BUSINESS
JK Tyre to invest Rs 1,400 crore for capacity expansion, product development in two years
CMD Raghupati Singhania said the company will deploy around Rs 1,000 crore for expanding its Passenger Car Radials capacity while Rs 380-390 crore will be spent on ramping up the output of Off The Road and Truck and Bus Radials.
BUSINESS
Hero MotoCorp looking at 360-degree approach to win in premium motorcycle segment: CEO Niranjan Gupta
The country’s largest two-wheeler manufacturer is looking to grow its market share in the premium motorcycles segment from last year's 5 percent levels.
BUSINESS
M&M continues to log 48,000 monthly SUV bookings, order book at 2.2 lakh units
Mahindra and Mahindra's SUV revenue marketshare went up from 17.6 percent during FY 20 to 20.4 percent during FY 24
BUSINESS
M&M outlines Rs 37,000 crore capex for FY 25-27, nearly 75% earmarked for auto business
Out of the total amount earmarked for auto verticals, nearly 52 percent of the outlay will be spent on Internal Combustion Engine Vehicles, especially Sports Utility Vehicles (SUVs)
BUSINESS
No plans to acquire any startup in e-motorcycle biz, says Eicher Motors MD and CEO Siddhartha Lal
The Eicher Motors MD & CEO said that since the market is "not gagging” for electric motorcycles, he is not in a “tearing rush” to launch them
BUSINESS
Our investments will be for both ICE and EVs: K.N. Radhakrishnan, TVS Motor Co ED & CEO
The company, which posted its highest ever vehicle sales, revenue and net profit in FY24, has earmarked capex of about Rs 1,000 crore in FY25
BUSINESS
Royal Enfield’s competitors have increased focus on the premium bikes segment: Eicher Motors MD and CEO Siddhartha Lal
With a virtual monopoly in the 250-750cc motorcycle market for many years, the company recently faced competition from new motorcycles such as the Triumph Speed 400, Harley Davidson 440X, Hero Mavrick 440, and Bajaj Pulsar 400.
BUSINESS
Tata Motors earmarks Rs 43,000 crore for product development, new technologies during FY25
The investments will be largely made on building products and platforms, than on output expansion or on debottlenecking of existing capacities.
BUSINESS
Swift to expand premium hatchback segment, not cannibalise any other models: Maruti Suzuki
The fourth generation Swift will be taking on another superhatch Hyundai i20 ( Rs. 7.04 - 11.21 lakh price range) and can also be subscribed for Rs 17,436 per month
BUSINESS
Maruti Suzuki rolls out 4th-gen Swift starting at Rs 6.49 lakh; available also on monthly subscription of Rs 17,436
The fourth-gen Swift continues to be underpinned by the ‘Heartect’ platform that also underpins Brezza, Baleno, Fronx, XL6, etc
BUSINESS
PV retail sales rise 16% to 3.35 lakh units in April: FADA data
According to FADA president, the PV category experienced double-digit YoY growth, supported by enhanced model availability and favourable market sentiments, particularly around festive events like Navratri and Gudi Padwa
