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Automobile News

  • Year-end push: Next-gen Honda Amaze, Kia Syros and Toyota Camry lined up for this month

    Automakers across the spectrum are rolling out cars to cater to every segment starting from a subcompact Sports Utility Vehicle (SUV) at Rs 6 lakh to a high-end sedan priced at Rs 55 lakh.

  • In discussions with potential local partner: Skoda Auto Volkswagen India

    Earlier this year, Skoda Auto Chairman of the Board of Management Klaus Zellmer stated that the company is looking to collaborate with an Indian partner in order to grow its presence in the country.

  • Aided by Kylaq, Skoda eyes major jump in sales volume next year

    With focus in Tier-II and Tier-III locations, Skoda plans to enhance the overall sales and service infrastructure to around 350 touchpoints by the middle of the next year from 260 such outlets currently

  • Mahindra sales up 12% in Nov at 79,083 units

    The auto major had dispatched 70,576 units to dealers in November 2023.

  • Uber rolls out India's first water transport service with shikara bookings on its app

    The company introduced the first service of its kind in Asia.

  • JSW Group Chairman Sajjan Jindal plans to indigenise electric vehicle technology, set up R&D centres

    The group, through its joint venture company JSW MG Motor India, entered the electric vehicle space earlier this year and currently relies on the Chinese company for technology.

  • E2W sales rise nearly 30% YoY to 1.18 lakh units in November

    As per industry watchers, two-wheeler sales are usually weak in November as the festive season concludes by then

  • JSW MG Motor to launch Cyberster EV Roadster next month. Details here

    The company said that the MG Cyberster offers lightning-fast acceleration and precise handling—an unmatched experience for those who crave power and control

  • Passenger vehicle sales accelerate 4% to 3.5 lakh units in Nov

    Industry players reckon that the yearly growth in the domestic PV market was largely on the back of wedding season demand, continued rural traction and strong offtake of SUVs

  • Tata Motors overall sales up marginally in Nov at 74,753 units

    Total domestic sales were up 1 per cent at 73,246 units last month as against 72,647 units in November 2023, Tata Motors said in a statement.

  • Hyundai sales dip 7% in November

    The automaker had dispatched 65,801 units to its dealers in November last year, the automaker said in a statement

  • TVS Motor Co sales up 10% at 4,01,250 units in Nov

    Total two-wheeler sales were up 12 per cent at 3,92,473 units last month as against 3,52,103 units in November 2023, the company said in a statement.

  • Toyota Kirloskar Motor sales up 44% in November at 25,586 units

    The automaker had sold 17,818 units in November last year.

  • No impact on India biz with Bajaj Auto due to restructuring of holding firm: KTM

    However, it is impacting business of Pierer Mobility AG/KTM AG that is run out of Austria, including exports from Austria, India and China to its key markets in the US and Europe.

  • JSW MG Motor India sales up 20% in Nov at 6,019 units

    The company's electric crossover utility vehicle Windsor continues with its strong performance for the second month in a row with 3,144 wholesale units, JSW MG Motor India said in a statement.

  • BMW Motorrad India to raise prices by up to 2.5% from January 1

    The price correction is driven by rising overall input costs and inflation pressures, the company said.

  • Cooperating with authorities over show cause notice: Skoda Auto Volkswagen India

    The group is understood to have been slapped a show cause by authorities for alleged customs duty fraud to the tune of around Rs 11,000 crore

  • Mahindra gears up to challenge Tata’s EV dominance with premium e-SUVs

    Auto analysts believe Mahindra’s new e-SUVs could offer competitive pricing, potentially narrowing the gap between the two automakers. However, views remain divided on whether Mahindra can achieve the necessary volumes to threaten Tata Motors’ market leadership.

  • Volkswagen India unit faces $1.4 billion tax evasion notice: Report

    Different shipment consignments were used to evade detection and "willfully evade payment" of higher taxes, the Indian investigation found

  • India to expand EV manufacturing incentives after Tesla disappointment, source says

    India’s EV policy, which is still being finalised, was originally designed to encourage Tesla to enter the market and manufacture locally but the U.S. automaker backed off from those plans earlier this year.

  • Mahindra, Maruti may leave Tata Motors behind in the second lap as EV players shift gears

    Tata Motors is leading the EV race, but with M&M upping its game and Maruti revving up efforts, the competition is turbocharged, says Nirav Karkera of Fisdom Research.

  • Mahindra and Hyundai clarify, no penalty over emissions levied or being considered

    Mahindra has denied a news report that claimed eight car companies could face penalties over 'higher than mandated' fleet emission levels for FY23.

  • Audi expects sales to recover next year; anticipates 8-10% growth in 2025

    The German carmaker, which on Thursday introduced a new version of its flagship SUV Q7, expects its sales to grow by 8-10 percent next calendar year, recovering from supply chain challenges it faced in the first two quarters of this calendar year.

  • M&M's 3% fall weighs on index, eight car makers face up to Rs 7,300 crore penalty over emission

    Centre has found out that eight carmakers including Hyundai, Kia, Mahindra, and Honda have higher than mandated fleet emission levels in FY23, which could result in penalties of around Rs 7,300 crore, as per The Indian Express.

  • Japan's Honda Motorcycle forays into EVs with electric Activa, price yet to be revealed

    Bookings for the latest electric scooters will begin from January 1, and deliveries will start from February, HMSI said. The price of the electric scooters have not been revealed yet.

  • M&M unveils two maiden 'Born Electric' range e-SUVs

    Both products are part of the all-new Born Electric range, and based on the 'INGLO' Architecture. Mahindra said the new platform creates better interior space and has a flat floor for passengers.

  • Ola Electric launches Gig and S1 Z range of electric scooters with prices starting at Rs 39,999

    Deliveries of the Ola Gig and Ola S1 Z series will begin starting April 2025, and May 2025, respectively

  • Kia India aims to double CKD exports by 2030; eyes Middle East, Africa markets

    To date, the automaker has exported one lakh units of CKD vehicles since it began shipments in June 2020 from its manufacturing facility at Anantapur in Andhra Pradesh.

  • Tata doubles down on EV ambitions amid market slowdown

    While the company’s franchisee partners started retailing the electric variants of Punch, Tiago, Tigor and Nexon at its EV outlets, it recently accommodated Currv EV (also available in the ICE version) since November

  • CNG vehicle sales up ~50% between Jan-Sep '24, poised to outsell diesel cars

    While Pune leads in CNG sales (35,144 units), Delhi is second with 31,529 units, followed by Mumbai at 24,056 units (January-September ‘24).

  • Mahindra shares design sketches of upcoming EVs: See pictures

    The two electric brands - XEV and BE - are debuting their flagship products, next week. Mahindra has in the past stated the objective of making India a hub of EV manufacturing.

  • BMW India to hike model prices by up to 3% from January

    The company's range of locally produced cars includes the 2 Series Gran Coupe, 3 Series Long Wheelbase, 5 Series Long Wheelbase, 7 Series Long Wheelbase, X1, X3, X5, X7 and M340i.

  • Mahindra introduces 'INGLO' - the platform for its next e-SUV launches

    Two electric brands - XEV and BE - will be based on this INGLO architecture, set to be unveiled on November 26 in Chennai.

  • Expansion Drive: We are growing the portfolio across our brands — Niranjan Gupta, Hero MotoCorp CEO

    The Pawan Munjal-led firm had earlier said that it is looking to sharpen its focus on ICE and e-scooters, and also widen its portfolio in the premium motorcycles space.

  • Belrise Industries plans Rs 2,150-crore IPO for debt reduction, files draft papers with SEBI

    Belrise Industries IPO | The IPO consists solely of fresh issue by the company, with no offer-for-sale component.

  • Ford to cut 14% of European jobs, blaming EV shift and rising competition

    The US company is the latest automaker after Nissan, Stellantis and GM to cut costs as the industry struggles with growing competition from Chinese rivals in Europe, waning demand in China, and the challenges of shifting to EVs that remain too expensive for most consumers to buy.

  • Carmakers on an overdrive to clear stocks, hefty discounts stay on even after festive season

    While no carmaker has officially announced any price cuts, a FADA source said buyers can expect 20-30 percent discount on ex-showroom price of most models until December 31

  • Vietnam's VinFast gets funding boost from parent, founder ahead of next year's India plans

    Vingroup also said it will convert all existing loans of about $3.3 billion to VinFast Vietnam into dividend-entitled preferred shares, a move that will help address the "short-term financial pressure" on the EV maker.

  • Tyre makers to see 7-8% topline growth this fiscal: Crisil

    This would be for the second consecutive year that the estimated revenue growth for the tyre manufacturer will be in single digit (albeit nearly double than that of last fiscal) and after logging a compound annual growth rate of 21 per cent between fiscals 2021 and 2023, Crisil Ratings said.

  • Tata Motors expects PV retail sales to sustain momentum in Q3

    As per FADA data, festive demand helped PV retail sales rise 32 per cent year-on-year (YoY) to 4,83,159 units in October.

  • GM plans to cut 1,000 salaried workers in bid to reduce costs

    Most of the layoffs will affect staff in North America, said the people, who asked to not be identified because they weren’t authorized to speak publicly

  • MC Explainer: Why Piyush Goyal told auto firms to prioritise volumes over margins

    Per data provided by SIAM, the sales of small cars declined 15.5 percent to 66,000 units between April-September 2024.

  • Mercedes-Benz India to raise prices by up to 3% from Jan 1, 2025: CEO Santosh Iyer

    Price protection valid until December 31st for all the existing and future bookings of cars that are currently not in stock, the company said

  • Vehicle retail sales rise 12% to 43 lakh units during 42-day festive period: FADA

    'We could have fully met or even exceeded our targets of 45 lakh units if not for the unseasonal heavy rains in South India,' says FADA

  • FADA asks OEMs to reduce inventory further despite "strong" festive sales

    FADA said it anticipates passenger vehicle inventory to reduce further from October levels, and has asked OEMs to liquidate 2024 stock further, so dealers can enter 2025 with the "ideal FADA-recommended 21 days of inventory".

  • Govt, semi-govt bodies need to scrap 13,000 vehicle older than 15 years by Jan-end

    As per a Government Resolution (GR) issued on Tuesday, these old vehicles will have to be scrapped only through registered vehicle scrapping facilities before January 31, 2025.

  • Amid demand concerns, Piyush Goyal urges automakers to cut prices for sales boost

    Seemingly referring to Hyundai, the minister said the auto industry is sitting on high margins and should look at more competitive pricing

  • Hero MotoCorp Q2 net profit rises 14% to Rs 1,204 crore, beats estimates

    The Pawan Munjal-led company registered an 11 percent year-on-year increase in revenue at Rs 10,463 crore

  • Hybrid vehicles can curb carbon emissions and ease range anxiety, says Piyush Goyal

    Goyal also highlighted government incentives like EV Policy and PM e-Bus Seva Yojana, which underscore India’s commitment to sustainability and move towards carbon neutrality

  • Mahindra SUVs secure 5-star safety ratings under Bharat NCAP

    The vehicle scored 31.09/32 in adult occupant protection (AOP) and 45/49 in child occupant protection (COP), setting a new benchmark in safety.

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