Automobile News

SK On, a unit of energy group SK Innovation, which supplies EV batteries to Ford Motor, Hyundai Motor, Volkswagen among others, is speaking to multiple automakers that are looking to line up prismatic battery supply deals, SK On chief spokesperson Ko Chang-Kook said.

Carmakers will take corrective action to cut inventory levels at their dealers: SIAM

FADA had earlier retail body stated that PV inventories have reached levels of 65-67 days of sales.

FADA seeks vehicle depreciation benefits for income tax payers

In its pre-budget wishlist, the Federation of Automobile Dealers Associations (FADA) also asked the finance ministry to reduce corporate tax for LLPs, proprietary, and partnership firms.

The Drive Report: 2024 Range Rover Evoque

Can token visual upgrades elevate the baby Range Rover’s design to best-in-class levels?

Automobile sales continue to move upwards, jump 16.4% to 6.4 mn units in Q1: SIAM

Total automobile sales include 10,26,000 units of PVs, up by 3 percent from 9,96,565 units in Q1 FY24, as per the data shared by auto industry body

Carmakers resort to discount offers and price cuts to revive volumes

Discounts and other benefits were already being offered on compact cars and sedans, and they have recently been extended to hot-selling SUVs

BMW recalling more than 390,000 vehicles due to airbag inflator issue

The original steering wheel may have been replaced with a sport or M-sport steering wheel equipped with a Takata inflator, the agency said

In a boost for Toyota, UP government cuts levies on hybrid cars

The government of India's most populous state will also waive the registration tax on some hybrid car sales, it said in a July 5 notification

MC Exclusive: Hybrid Cars could see a budget boost with potential cess cut

The proposal, if implemented, will provide a strong boost to sales of hybrid cars in the country, as it will reduce the tax differential between hybrids and electric cars.

Budget wish list: ATMA asks govt to restrict import of waste tyres

The import of waste/scrap tyres into India has increased by more than five times since FY20-21, ATMA said in its pre-budget submission to the finance ministry

Mahindra & Mahindra reduces top XUV 700 model's price to Rs 19.49 lakh for 4 months

The SUV, which recently achieved the milestone of producing 200,000 units, will be available in the special price only for a period of four months starting July 10, the company said.

Auto stocks in huge demand; Maruti jumps nearly 7%

Shares of Maruti jumped 6.60 per cent to settle at Rs 12,820.20 on the BSE. During the day, it soared 7.72 per cent to Rs 12,955

Mercedes-Benz to bring its most expensive electric car to India as luxury EV demand grows

The German luxury carmaker has already pumped in Rs 3,000 crore for its Pune greenfield facility and is open to invest on BEVs (battery electric vehicles) if there are favourable market dynamics and upward thrust

Tata Motors reduces price of its popular SUVs Harrier, Safari, to give benefits up to Rs 1.4 lakh

Tata Motors announced that it has revised the starting prices of our flagship SUVs, the Harrier (₹14.99 lakhs) and the Safari (Rs15.49) and have extended benefits up to Rs 1.4 Lakhs on popular SUV variants

Skoda gears up to introduce new Kodiaq, Octavia in India

The automaker has already announced plans to introduce a sub-4 meter compact SUV in the country early next year

Bengaluru leads in electric vehicle sales this year; Tata Tiago.ev tops in major cities

The surge in Battery Electric Vehicles in India's tech hub can be traced back to Reva, an electric car manufacturer founded by Chetan Maini, a Stanford graduate, in the city four decades ago.

The Drive Report: Mercedes-Benz EQA 250+

Can segment-beating range and an array of technological features help Mercedes-Benz crack the EV code?

Centre may tweak policy for sops to EV makers invested in India: Report

The government may consider investments in plants producing internal combustion engine and electric vehicles as eligible for incentives to add scale and make large investments viable for automakers, the report stated.

SK On, South Korean EV battery giant, in crisis amid plummeting global sales: Report

Recent developments include extended layoffs at its Georgia plant and the postponement of a second facility launch in Kentucky, which is a joint venture with its principal US client, Ford.

China autos group 'strongly dissatisfied' with EU anti-subsidy tariffs

Manufacturers had cooperated with the European Commission's investigation into Chinese subsidies, but the inquiry had ignored the facts and preselected results, CAAM said in a post on the Chinese messaging app WeChat

Ather Energy aims to raise market share with foray into family scooter segment

The Bengaluru-based firm has so far been manufacturing sporty scooters

'Manufacturers cannot depend upon ad-hoc policy, need consistency and long-term roadmap': Merc India MD

Mercedes-Benz India MD and CEO, Santosh Iyer talks about why policy consistency is necessary for sustainable EV growth and higher market penetration

Bajaj Auto stock jumps after launch of world's first CNG-powered bike

The Freedom 125 motorcycle will be available in Maharashtra and Gujarat to begin with and in the rest of the country by early next quarter, the company has said

Bajaj Auto rolls out world's first CNG-powered bike Freedom 125 at Rs 95,000

Bajaj Freedom has dual-fuel capability with an auxiliary petrol tank of 2 litres, giving a combined range of 330 kms and comes in five colours

Auto sales stay flat at 18.95 lakh in June, passenger car retail melts in heatwave, polls: FADA

The auto retail body's president had flagged his concern about the rising inventory levels of cars, which have reached an all-time high – ranging from 62 to 67 days.

Bajaj Auto to launch world's first CNG motorcycle - Freedom 125 - on July 5

The bike is likely to have flexible fuel options, featuring two separate switches for petrol as well as CNG.

JSW-MG Motor readies five new cars, to focus more on EVs, hybrid vehicles

Analysts believe that with its latest portfolio priced up to Rs 35 lakhs, MG is well-positioned to compete directly with its rivals, as plug-in hybrids are seen as a practical choice due to current limitations in charging infrastructure

Electric vehicle makers need to shorten design-to-market timeline

Homologation in India has become faster with new testing centres. Eventually, quick product introduction depends on the quality of manufacturing processes 

TAFE Motors and Tractors ties up with Deutz

TAFE Motors and Tractors, a leading agriculture group, has partnered with Deutz to produce engines for new applications in the Indian market and to meet Deutz's requirements. The engines will be manufactured at TAFE's facility in Alwar, Rajasthan.

BMW India posts record sales at 7,098 units in Jan-Jun

BMW Group India achieved its highest-ever sales in the first half of 2023, delivering 7,098 units, a 21% increase from the previous year. The luxury carmaker also sold 3,614 BMW Motorrad motorcycles, driven by high demand for sports activity vehicles, luxury class, and electric cars.

VinFast may launch locally assembled EVs in India, advances TN plant opening: Report

The first meeting between EV companies and government officials to discuss the new EV policy was held on April 19, attended by a VinFast representative among other industry executives.

EV makers seek stable subsidy policy in budget, fresh boost to green mobility: Report

The Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme was initially launched in 2015 to incentivize the adoption of electric and hybrid vehicles by providing subsidies to EV manufacturers, thereby reducing product prices.

Tesla beats estimates with less-drastic drop in EV sales

While sales were down 4.8% from a year ago, Tesla improved on a sequential basis from the 386,810 vehicles delivered in the first three months of the year.

Honda Cars sales dip 5% to 4,804 units in June

The company had dispatched 5,080 units to its dealers in the domestic market in June 2023, Honda Cars India Ltd (HCIL) said in a statement

Here's why stock of this smallcap electrode maker hit 20% upper circuit

De Nora India bagged an order worth Rs 38.71 crore from Nuclear Power Corporation of India

Kia India sales surge 10% to 21,300 units in Jun

Kia India also reported 1,26,137 unit sales in the first half of the year, marking a 6 per cent growth over the year-ago period.

Auto sales rise marginally by 3.67% to 3.40 lakh units in June

While the high base effect of last year also resulted in modest growth in volumes, industry players reckon that new launches such as as Maruti Suzuki Swift, Hyundai Creta, etc., continued to contribute to incremental volumes

Tata Motors domestic sales dip 8% in June

The demand in staff, intercity, and stage carriage segments should also remain healthy despite the seasonal dip often seen in school transportation in the second quarter

Mercedes to roll out new model offensive after EV missteps

Mercedes also plans to bring out an electric compact version of the G-Wagon in 2026.

Tesla deliveries set to fall for second straight quarter

In May, Tesla left out its goal of delivering 20 million vehicles a year by 2030 in its latest impact report, a big change after touting for years a long-term annual growth target of 50% for EV deliveries

Ashok Leyland stock falls 2% on weak June auto sales

The commercial vehicle (CV)-maker’s total sales in June this year came in at 14,940 units, which was 2 percent lower compared to the June 2023 numbers at 15,221, the firm said in an exchange filing on July 1

Carmakers post SUV-led June sales growth amid heat waves

Domestic demand recovery in rural areas outweighed weak exports, helping motorcycle-maker Bajaj Auto record a 5.1% growth in two-wheeler sales

Maruti Suzuki clocks double-digit June sales growth, riding on strong exports

Maruti's total domestic Passenger Vehicle sales (PV) was at 1.37 lakh units, marginally higher compared to a year ago.

Hyundai sales dip 1% to 64,803 units in June

The automaker had dispatched 65,601 units to dealers in June last year.

E2W sales remain flat in Q1FY25 despite new offerings by Ola, TVS, Bajaj Auto

Industry players attributed the muted growth in numbers to the reduction in subsidies granted to EVs by the government by replacing the FAME2 Policy (valid till 31st March 2024) with the Electric Mobility Promotion Scheme (EMPS) 2024

Mahindra sales rise 11% to 69,397 units in June

The company's total dispatches to its dealers stood at 62,429 units in June 2023.

JSW MG Motor India retail sales dip 9% in June to 4,644 units

The company's flagship SUV- ZS EV achieved the highest-ever monthly sales in June 2024, JSW MG Motor India said in a statement.

Toyota records highest-ever monthly sales in June at 27,474 units

The company's total dispatches to dealers increased by 40 per cent last month to 27,474 units, as compared to 19,608 units in June 2023.

Bajaj Auto sales rise 5% to 3.58 lakh units in June

The Pune-based automaker had sold 3,40,981 two-wheelers and commercial vehicles in June 2023, according to a company statement.

Outside Europe, India most important market for Skoda, says CEO Klaus Zellmer

Zellmer stated that the brand continues to consider other models for the market including the fully electric Enyaq