Automobile News

Speaking of the plant's capacity, Hinduja said it will be a small facility with 2,500 buses which can be ramped up to 5,000.

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

Ashok Leyland Q4 FY24 net profit rises 17% to Rs 934 crore

The flagship company of the Hinduja Group's consolidated revenue from operations in the quarter under review stood at Rs 13,577.58 crore as compared to Rs 13,202.55 crore in the year-ago period

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

Pune Porsche crash: Juvenile Justice Board Remands Minor Accused to Rehabilitation Centre Till June 5

The Juvenile Justice Board remanded the minor accused to a rehabilitation/observation home till June 5 and a parameter has been set regarding what needs to be done during these 15 days. His lawyer Prashant Patil, says that the JJB filed a review application and this application was moved to modify the bail order issued by the board on 19th May

Kia shrugs off slowing EV demand to launch compact electric SUV

In October, Kia said it intended to develop a wide range of EV models priced between USD 30,000 and USD 80,000, including smaller EVs like the EV5, EV4, and EV3

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.

In concrete discussions over car partnerships in India: Volkswagen CFO

The comments come after Volkswagen in February signed a supply agreement with India’s Mahindra on the use of key electric components of the German carmaker’s open platform for electric vehicles

Driving tests not mandatory at RTO from June 1: Here are new licence rules

The government also has plans to phase out 900,000 old government vehicles to reduce carbon emission. It will also enforce stricter emission norms

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.

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.

Mahindra launches XUV700 variant AX5 Select at a starting price of Rs 16.89 lakh

The SUV manufacturer says the new variant aims to offer premium features at an attractive price and 'make luxury more accessible’

Ministry bars Hero Electric, Benling India from EV incentive schemes over default: Report

This action follows the ministry’s findings that the phased manufacturing programme (PMP) guidelines were violated by these two companies, the report added quoting senior officials.

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.

M&M to enter new business, list auto, EV units and step up overseas presence

The company aims to expand the auto business abroad in a phased manner, riding on the domestic success of vehicles like the Thar, XUV700 and Scorpion, MD Anish Shah has said

Uber India gets aggregator licence to operate buses in Delhi

The formal launch of Uber Shuttle, a bus service tailored for daily commuting needs, brings to fruition a pilot programme that was initially tested in Delhi-NCR and has been operational in Kolkata since last year

Hero MotoCorp, Harley-Davidson to broaden India ties: Report

With the premium motorcycle market on the rise, Harley-Davidson executives have expressed satisfaction with their joint venture with Hero MotoCorp, the sources noted.

Govt to come out with detailed guidelines for electric vehicle policy

The Ministry of Heavy Industries has already held the first round of consultation last month

Tesla 'silent'; yet to communicate its India plans: Official

American tech billionaire Elon Musk, who was scheduled to visit India on April 21-22, had postponed his visit at the last moment citing "very heavy Tesla obligations".

Volkswagen and Renault end talks to develop affordable EV, say sources

Renault will continue designing its electric Twingo, scheduled to hit the market in 2026.

Mahindra & Mahindra to invest $1.44 billion in EV arm; explores hybrid tech

Mahindra, India's third-biggest EV maker, currently sells just one model, the XUV400, but it is slated to launch a new range of EVs next year

Kia introduces vehicle lease programme in partnership with Orix

The company has inked a Memorandum of Understanding (MoU) with Orix 'Kia Lease'

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

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)

Mahindra lines up big SUV rollouts with six new utility vehicles by 2030

Mahindra lines up big SUV rollouts with six new utility vehicles by 2030

M&M Q4 net profit rises 32% to Rs 2,038 cr, declares Rs 21.10 dividend

Revenue from the automotive segment revenue rose 20 percent, while that of the farm equipment segment fell 13.1 percent, However, earnings for India's largest tractor-maker by sales were pressured by a 21.5 percent fall in tractor and farm equipment sales, as sub-par rains affected rural demand

The Drive Report: 2024 Maruti Suzuki Swift

A new package, familiar tricks and the timeless appeal of increased fuel efficiency sums-up the new Swift.

TVS Motor Co starts operations in Italy

The company is expanding its operations in Italy via its branch office, TVS Motor Italia, headed by Giovanni Notarbartolo di Furnari, TVS Motor Co said in a regulatory filing.

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

M&M receives 50,000 bookings for newly-launched XUV 3XO within 60 minutes

The company received 27,000 bookings in the first 10 minutes itself, which demonstrated 'incredible enthusiasm for Mahindra’s new SUV', said the carmaker

TVS Motor launches electric two-wheeler iQube in Bengaluru

The company also said it is ready to deliver TVS iQube ST to customers, starting from Wednesday in the city

Mahindra XUV 3XO's bookings commence, deliveries to begin from May 26

Once launched, Mahindra XUV 3XO will be taking on Tata Nexon, Hyundai Venue, Maruti Brezza and Kia Seltos

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

Europe's Stellantis and China's Leapmotor will sell electric cars in Europe from September

Sales will begin in September for Belgium, France, Italy, Germany, Greece, Netherlands Romania, Spain and Portugal, Stellantis CEO Carlos Tavres said at a news event in Hangzhou

Suzuki says will continue to expand SUV portfolio to recover market share in India

The company said it plans to secure a production capacity of around 40 lakh units in India by FY2030

TVS Motor launches new base variant of iQube for Rs 94,999

The automaker will also launch TVS iQube ST, which will come in two variants - 3.4 kWh and 5.1 kWh, the latter being the largest battery pack in the segment.

Hyundai ties up with Laxmi Group to commence Venue production in Nepal

The plant, the first automotive assembly facility in Nepal, has an annual installed capacity of 5,000 units.

Maruti Suzuki launches 2 new variants of compact SUV Fronx starting at Rs 8.93 lakh

The model has been instrumental in more than doubling the company's SUV segment share to 19.7 per cent last year from 10.4 per cent in 2022

Maruti Suzuki expects over 30% jump in CNG vehicle sales at 6 lakh units in FY25

The company sells CNG trims across various models like WagonR, Brezza, Dzire, and Ertiga, among others in the domestic market

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.

Tata Nexon gets new entry-level trim, price starts at Rs 8 lakh

Nexon continues to evolve with its diverse range of trims and variants, catering to a large set of buyers

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.

JLR's Range Rover Q4FY24 sales at record, upcoming electric model has a wait list

The wait list for the electric Range Rover had opened in December last year, and JLR claims it already has over 28,700 sign-ups for the model.

Tata Motors Q4 net profit more than triples to Rs 17,407 crore on strong vehicle demand, revenue up 13%

Tata Motors says India business is now debt free and the company is on track to become net automotive debt free in FY25.

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

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

TVS Motor Q4 net profit rises 18% to Rs 485 crore

The Chennai-based two-wheeler manufacturer’s revenue from operations jumped by 24 percent to Rs 8,169 crore in Q4FY24

Hero MotoCorp's Xoom to launch by September, CEO promises 'big strides' in EV

The new launches are aimed at boosting the scooter portfolio and help gain market share, Hero MotoCorp CEO said.

Hero MotoCorp Q4 net profit rises 18% to Rs 1,016 cr, declares Rs 40 dividend

The two-wheeler manufacturer's revenue rose 15 percent to Rs 9,519 crore in Q4FY24 as compared to Rs 8,307 crore in Q4FY23.

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