Automobile News

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

Mercedes-Benz spending more than previously planned on combustion engines: Report

"Our engines will always be at the very highest technological level. Otherwise, we would suddenly stall our combustion engine business in 2027/28," Mercedes-Benz chief executive said.

The Drive Report: 2024 Kia Sonet

The Sonet continues to feature the same powertrain options and trims. Options range from a 1.2-litre NA petrol, a 1.0-litre turbocharged petrol and a 1.5-litre diesel engine.

Hyundai unveils Inster e-SUV in South Korea, claims range of 355 km per charge

Hyundai Insert will launch first in South Korea this summer, followed by Europe, the Middle East, and Asia Pacific in due course

Ather Energy to invest over Rs 2,000 crore on 3rd plant in Maharashtra

The new facility to be set up at Bidkin, Aurangabad Industrial City (AURIC), will manufacture both electric two-wheelers and battery packs, Ather Energy said in a statement

Hyundai India IPO banks set for country's 2nd biggest payday with $40 million fee, say sources

That would be the second-highest fee pot ever for investment banks working on an initial public offering (IPO) in India and it comes amid a sharp surge in equity deals in the country, making it a bright spot in an otherwise dull Asia

This year, we will invest 40% of capex for CV biz on futuristic mega trends: Tata Motors' Girish Wagh

Tata Motors Executive Director said the demerger of CV, PV businesses should happen 12 months from now

Tata Motors' demerger of CV, PV businesses to secure synergies across biz verticals: Chairman N. Chandrasekaran

In his view, the initiative will lead each company to deliver a “superior experience” for customers, “better growth prospects” for employees and “enhanced value for shareholders

BII bullish on Indian EV ecosystem, expects to invest $300 mn in 3 yrs: MD Abhinav Sinha

The company, which has backed Mahindra group’s electric vehicles (EV) arm besides other startups like Euler Motors, Turno and Battery Smart, has already invested around USD 300 million in the Indian EV sector and sees further investment opportunities in EV manufacturing, components and financing segments in the country

BIS introduces new safety standards for electric vehicles

These standards are designed to ensure that the critical component of EVs — the powertrain — meets stringent safety requirements.

Bajaj Auto looks to sustain domestic biz momentum; recover export volumes

Addressing shareholders in the company's Annual Report for 2023-24, he noted that the company would also aim for recovery in export volumes.

Dealers urge carmakers to slow down factory dispatches as inventory piles up

Over the last three months, auto dealers saw a steady rise in passenger vehicles inventory which closed with 55 to 60 days of inventory in May totalling 550,000 to 600,000 unsold vehicles for a two-month stock.

The Drive Report: Citroen C3 Aircross AT

Does an automatic gearbox give the Citroen C3 Aircross an edge over its competition?

Tata Motors to hike prices of commercial vehicles by up to 2% from July 1

The prices were hiked to offset the impact of rising commodity prices, the carmaker said in a stock regulatory filing on June 19.

Tata Motors eyes China market with electric makeover of JLR's Freelander brand

The heritage marque and China’s Chery Automobile Co. signed a letter of intent to license the Freelander brand in order to create a new lineup of EVs, the companies said in a statement on June 19

Stellantis recalling nearly 1.2 million vehicles to fix software glitch that disables rear camera

The recall covers Jeep Compass, Grand Cherokee, Wagoneer and Grand Wagoneer SUVs from the 2022 and 2023 model years

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.

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.

Hyundai Motor's shares jump to record high as investors cheer India IPO plans

The investors cheered the carmaker’s listing plans, which would provide a boost to Hyundai Motor’s presence in the world’s third largest auto market.

Hyundai Motor, suppliers shares rise in Seoul as India unit files for IPO

The Korean automaker is selling a 17.5% stake in Hyundai Motor India Ltd., according to a draft red herring prospectus filed on Friday.

Mahindra group may join hands with global players for cell production in India: MD Anish Shah

In an interaction with PTI, Mahindra Group MD and CEO Anish Shah said the company is looking at a 2030 timeframe for the possible listing of its electric vehicle arm Mahindra Electric Automobile Ltd (MEAL).

Hybrid Vs EVs: Who will lead the market share battle?

Hybrids provide a quick, affordable fix, even if EVs are essential to long-term climate goals. Experts argue that customers may find hybrids to be a desirable alternative because to their fuel economy, cheaper running costs, and lesser pollutants.

Toyota shareholders demand vote against chairman Toyoda as automaker embroiled in testing scandal

The vote expected at the June 18 annual shareholders meeting comes after Toyota apologized recently over fraudulent certification tests for vehicles, a major embarrassment for a company that prides itself on a reputation for excellent quality.

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.

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

Greaves Electric Mobility unveils e-scooter Ampere Nexus at Rs 1.09 lakh

Following the launch, the e-scooter will be available in 11 touchpoints of Ampere in Chennai

FADA plans to take up issue of high inventory with SIAM

Federation of Automobile Dealers' Association (FADA) President Manish Singhania said in 2018-19 was a very bad year for the automobile dealers in the country when 280-odd dealerships had gone out of business, and FADA does not want that to happen again.

Modi 3.0 may speed up EV growth with Rs 10,000-cr FAME-III scheme in budget: Report

The central government had reduced the budget allocation for the FAME scheme by nearly 44 percent to Rs 2,671 crore for FY25 in the interim budget presented in February 2024.

Mercedes Benz to make Rs 3,000 crore investment in Maharashtra: Minister

In a post on X, Samant said while on a tour of Germany, he met top executives of Mercedes Benz on Thursday and discussed investment opportunities in the state.

Bajaj Auto pushes back launch of CNG-powered motorcycle to July 17

The bike was to be launched on June 18. The delay comes a day after the industry asked the government to cut GST on CNG and flex fuel-powered two-wheelers

India's safest electric cars: Tata Punch EV, Nexon EV receive 5-star rating in Bharat NCAP test

The Indian New Car Assessment Program, more commonly referred to as BNCAP, crash test cars and conduct performance assessments on safety features and technologies

Tata Power Renewable Energy deploys over 850 e-bus charging points

The robust bus charging network has led to more than 1 lakh tonnes of tailpipe CO2 emissions savings, the company said in a statement

Siam wants GST on two-wheelers to be lowered

The automobile body has also asked the government to remove the 3 percent cess on all two-wheelers which are above 350 cc

Magenta Mobility strengthens partnership with Tata Motors, deploys over 100 units of Tata Ace EV

This deployment is part of the MoU inked between the two entities in October 2023, which targeted 500 units of the Tata Ace EV

Domestic passenger vehicle sales up 4% in May at 3,47,492 units: SIAM

Overall passenger vehicle (PV) dispatches from companies to dealers stood at 3,34,537 units in May 2023.

Citroen signs MoU with CAB-EEZ Infra Tech to supply 2,000 units of e-C3 EVs

The two companies have signed a Memorandum of Understanding (MoU), under which the first 100 units of e-C3 were flagged off, Citroen India said in a statement

Sonalika domestic tractor sales rise 5.2% to 11,130 units in May

The company had reported a domestic sales of 10,577 units in the same month last year

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

Sachin Bansal sells remaining 7.5% stake in Ather Energy

This news comes after Hero MotoCorp on June 6 said it will acquire an additional 2.2 percent stake in Ather Energy for Rs 124 crore.

Bajaj Auto expands electric scooter lineup with new Chetak 2901

Equipped with a 2.8 kWh battery pack, Chetak 2901 has an ARAI-certified range of 123 km per charge and a top speed of 63 km per hour

Uno Minda partners with lnovance Automotive to strengthen electric four-wheeler portfolio

The select electric vehicle products include Charging Control Unit (CCU), EV inverter, EV motors and nextgeneration 3-in-1 electric drive systems (e-Axle).

Ampere launches Nexus electric scooters, delivery to start in Bangalore

Having initiated bookings for the Nexus at a nominal fee of Rs 9,999 last month, Ampere has reported a positive response from customers.

Tata Motors board okays to set up TML Commercial Vehicles as a new wholly-owned unit

The company has proposed the name of the new unit as TML Commercial Vehicles Ltd (TMLCVL).

HMSI posts 45% jump in domestic sales in May

The total sales rose to 4,92,047 units last month as against 3,29,393 units in the same month last year, it added.

Mercedes-Benz India rolls out C300 AMG; updates C200, C220d and GLC

The topline C 300 features the sporty AMG Line exterior and interior styling with ‘night package’, Burmester 3D surround sound, digital lights, and keyless-go comfort package.

Eicher Motors' sales soar 9.7% in May with strong domestic and international growth

Despite fluctuations in the domestic market, Eicher Motors' international business remained resilient, posting a 12% growth with sales totaling 7,479 units, compared to 6,666 units YoY.

Hero MotoCorp sales dip over 4% YoY; exports surge 67% in May

Hero MotoCorp reported a 4.1% decline in May 2024 sales to 4.98 lakh units, but saw a 12.6% growth in April-May 2024 sales, with exports surging 67% despite a drop in domestic sales and both motorcycle and scooter segments.

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.

No license without driving test: Govt issues clarification on certificates issued by accredited driver training centres

Reacting to media reports, the ministry clarified that there would be no changes to the existing provisions from June 1.