BUSINESS
BYD Seal e-sedan to be available in 3 variants in India, prices start from Rs 41 lakh
The three variants - Dynamic, Premium and Performance - have a claimed range of 510 km, 650 km and 580 km per charge, respectively
BUSINESS
How numbers stack up for Tata Motors’ CV and PV biz amidst its demerger
During FY23, Tata Motors’ passenger vehicle business, including JLR, accounted for 79 percent of the company's Rs 3,41,544 crore revenue while commercial vehicles contributed 21 percent.
BUSINESS
India’s electric two-wheeler sales cross 80k units in Feb 2024, up 24% YoY
Industry observers reckon that the registration numbers indicate of 'market stabilisation' despite the govt’s move to lower the incentives under the FAME scheme Phase II
BUSINESS
PV sales continue on upward trajectory in February
During the first 11 months of this fiscal, passenger carmakers sold 38,59,000 units of sedans, utility vehicles (UVs) and hatchbacks, registering an 8.6 percent increase from 33,53,000 units during the corresponding period last year
BUSINESS
SUVs to account for 62% of total PV sales by FY25, says CRISIL
This preference is expected to further grow backed by a healthy pipeline of new model launches across price points, including electric variants, and normalised availability of semiconductors after a prolonged period of short supply
BUSINESS
Electric scooter makers slash prices aggressively to grab EV market share
While the reduction in prices has narrowed the gap between electric and petrol-driven scooters from over 80 percent to around 60 percent, significant disparities still exist. Tata Motors, meanwhile, has lowered the prices of its Nexon and Tiago EVs.
BUSINESS
No significant impact on business due to Red Sea crisis, says top M&M official
Rajesh Jejurikar, Executive Director & CEO (Auto and Farm Sector) at M&M, said the farmers' protest will not have "any significant impact" on the tractor industry's growth
BUSINESS
Vehicle financing will be the biggest growth driver, says Hero MotoCorp CEO
As the penetration of financing improves, it will enable the inclusion of people from all strata of society, thereby driving growth and profitability for the two-wheeler segment, says Niranjan Gupta
BUSINESS
How India’s YOLO generation is driving the unprecedented demand for luxury cars
In the Rs 50 lakh and above PV market, the SUV segment accounted for the maximum share, at 22,678 units (58.62 percent), followed by sedans at 14,494 units (38.63 percent), and MPVs at 565 units (1.46 percent), as per JATO Dynamics India
BUSINESS
With the price drop in EVs, has Tata Motors set the cat among ICE pigeons?
While EV prices have surely dipped, the common worries of range anxiety, charging infrastructure, and resale value continue to plague the EV market
BUSINESS
PV retail sales rise 13.3% to 3,93,250 units in January: FADA
However, FADA President Manish Raj Singhania maintained that despite record sales, serious concerns remain regarding PV inventory level which is now in the 50-55 day range.
BUSINESS
Expect marginal impact of Red Sea crisis on tyre industry, says JK Tyre MD and ATMA Chairman
Anshuman Singhania had earlier indicated that he expects raw material prices to increase by 3-4 percent in Q3 FY24 due to the ongoing Israel-Hamas war
BUSINESS
MC Exclusive: IPO-bound Ola Electric receives second product certification under PLI scheme
Under the scheme, Ola Electric is eligible for incentives for up to five consecutive financial years, commencing in fiscal 2023-24.
BUSINESS
Can Kinetic Energy harvest nostalgia with the E-Luna?
While auto industry insiders are sceptical of its appeal among today’s youth, the company says its aim is to create a revolution by making e-mobility expand at the bottom of the pyramid
BUSINESS
Kinetic Green rolls out E-Luna at Rs 69,990, aims to sell 1 lakh units in FY24-25
E-Luna variants will offer options of 1.7 kWh, 2.0 kWh and subsequently, a 3.0 kwh battery pack with a 150 km per charge riding range.
BUSINESS
Ashok Leyland leverages record M&HCV volumes to boost its FY24 topline
The company is hoping to maintain its 30 percent market share this year and grow to about 35 percent going forward
BUSINESS
Tata Motors says electric passenger car biz has broken even; eyes PLI funds
The company says no plans currently for raising capital in the EV arm.
TECHNOLOGY
EV two-wheeler sales up by 26% at 81,577 units in January, Ola Electric breaches 32k mark
With continued government support like the PLI scheme coupled with innovative products, the industry is set to reach 8.5 lakh units in FY 2023-24, analysts say
BUSINESS
How Hero MotoCorp plans to pick up a major slice of electric two-wheeler pie with Vida e-scooters
CEO Niranjan Gupta said competition in the electric scooter market is like a marathon and not a 100-metre sprint
BUSINESS
PLI Scheme for Automobile and Auto components: Govt earmarks Rs 3,500 crore for FY 2024-25
The budgetary outlay for the PLI scheme for advanced chemistry cell battery storage has increased 20 times to Rs 250 crore in FY 2024-25 from Rs 12 crore last year.
BUSINESS
PV sales up by 14% at 394,571 units in January 2024
Car Sales in January: Industry players attributed the growth in wholesales numbers to record SUV sales, exceptional response to new launches, rising production levels, and robust economic growth.
BUSINESS
Government aims at widening and firming up EV ecosystem: Sitharaman
Interim Budget 2024: In the vote-on-account budget, Sitharaman announced a series of measures to accomplish a “net zero” emissions target by 2070 in order to steer India towards a “greener future”
BUSINESS
India Budget: Manufacturing seeks business-friendly policies, thrust on innovation
Furthermore, the manufacturing giants are also expecting the Budget 2024 to propose greater capex push, higher infrastructure allocation, port and digital infrastructure development to boost logistics efficiency and competitiveness.
BUSINESS
Auto Industry Budget: Sector seeks continuation of infra thrust, green drive
The auto industry body expects the current execution of road, highway and other infrastructure projects to remain on track in the vote-on-account budget
