Automobile News

Growth in rural market helps arrest decline in small car sales: Maruti Suzuki

The company, which launched all-new version of its compact sedan Dzire priced between Rs 6.79 lakh and Rs 10.14 lakh (ex-showroom Delhi), is bullish on enhancing its share in the sedans category despite the fast growth of SUVs and asserted that it would continue to cater to all segments to preserve its high market share in the domestic market.

Brits can’t buy new Jaguars for over a year as brand goes electric

The storied British brand is going dormant until 2026, when it will re-emerge selling only higher-end electric vehicles. Until then, Tata Motors Ltd.-owned Jaguar Land Rover won’t ship any new Jaguars to UK dealers.

Hyundai India Q2 net profit falls 16% to Rs 1,375 crore

In the mid- to long-term, the company expects a sustained demand momentum in the industry and will continue to focus on quality of growth by maintaining an optimum balance between volume, market share and margins.

Maruti Suzuki expects CNG-driven models to get a fillip from increasing gas stations, says official

In order to fulfil its objective of selling six lakh units of cars that are run on clean fuel, the country’s largest carmaker is banking on the CNG-driven variants of new-generation Swift hatchback and Dzire sedan

Maruti Suzuki rolls out all-new Dzire at a starting price of Rs 6.79 lakh

The entry-level sedan will be taking on Tata Tigor, Honda Amaze, Hyundai Aura, and others in the sub four-metre category, and will be sold in four variants namely LXI, VXI, ZXI, and ZXI+

Hedge funds shorting Tesla just lost more than $5 billion

Hedge funds that had short positions against Tesla between election day and Friday’s close took an on-paper hit of at least $5.2 billion, according to Bloomberg calculations based on data compiled by S3 Partners.

Hope govt will consider incentives for electric PVs in fleet segment: Tata Motors Group CFO

Electric four-wheeler passenger vehicles registered for commercial purposes or public transport used to get incentives under FAME II scheme which concluded on March 31, 2024.

Tamil Nadu facility to build both Tata Motors and JLR models, to start production by 2032: CFO Balaji

The automaker has earmarked Rs 9,000 crore for the Tamil Nadu unit, which is expected to generate about 5,000 jobs

Despite XUV 4OO’s low volumes, our Born Electric models are a priority: Rajesh Jejurikar, ED & CEO, M&M Auto

The homegrown automaker is now looking to up its zero-emission game beginning with the unveil two new electric SUVs-the XEV 9e and BE 6e, at the on November 26, 2024. Jejurikar reaffirmed that e-SUVs will account for 27 percent of M&M's total passenger vehicle sales in the next three years.

M&M facing high demand for Thar Roxx SUV, plans to ramp up production

Mahindra & Mahindra reported a rise in second-quarter profit, helped by higher sales of its SUVs and a recovery in tractor demand.

Maruti Suzuki looks to enhance exports with upcoming new Dzire sedan

In the domestic market, the company hopes to enhance its share in the sedan market amid the passenger vehicles market shifting towards SUVs (Sports Utility Vehicles), with the new Dzire which is slated for launch next week

India most promising growth market for Skoda: CEO Klaus Zellmer

Speaking at the global premiere of its first sub-four meter SUV, Kylaq, here, Skoda Auto CEO Klaus Zellmer also said India's domestic potential as the world's third-largest car market is huge and the introduction of a new model in the domestic market will help Skoda achieve its target of selling 10,000 cars annually by 2026

Skoda India rolls out its maiden sub-4 metre SUV Kylaq at Rs 7.89 lakh

With the Kylaq, Škoda Auto India will now offer three SUVs including Kodiaq and Kushaq. The new model is based on the MQB-A0-IN platform, which also underpins the Slavia sedan and Kushaq SUV

Škoda Kylaq, Maruti Suzuki Dzire, Mahindra XEV 9e & BE 6e to fire up car market this month

At least 7-8 launches across various segments beginning at Rs 8 lakh (ex-showroom) and going up to Rs 2.10 crore (including import duty)

Why sale of cheaper cars is on a downhill drive in India

The emergence of subcompact SUVs has shifted consumer preferences away from traditional hatchbacks primarily because of a heftier price tag for small cars

PB Balaji emerges as key figure in planned demerger of Tata Motors: Report

Balaji could be appointed as a unifying executive of both the entities to ensure effective capital allocation, the report said citing sources.

Maruti Suzuki looks to cash in on 'few lakh marriages' in November to carry festive sales momentum

The company clocked retail sales of 2,02,402 units last month, which is its highest for any October month on the back of festive sales, breaking the previous record of 1,91,476 units posted in October 2020.

Maruti Suzuki reports highest ever sales in October at 2,06,434 units

The auto major had sold a total of 1,99,217 units in the same month last year, Maruti Suzuki India (MSI) said in a statement

JSW MG Motor India sales up 31% at 7,045 units in October

New energy vehicles (NEVs) remain a significant part of its overall sales, contributing over 70 percent to the total volume in October, JSW MG Motor India said in a statement

Hyundai Motor India sales up 2% at 70,078 units in October

Domestic sales were up marginally at 55,568 units last month as compared to 55,128 units in October 2023, the newly listed firm said in a regulatory filing

Ola Electric vehicle registrations up 74% at 41,605 units in October

The firm has a market share of 30 percent, dominating the EV 2W segment in India, according to the statement

Royal Enfield bike sales up 31% at 110,574 units in October

It stood at 84,435 units in the year-ago period, according to a filing.

Mahindra records highest-ever monthly sales in October at 96,648 units

The Mumbai-based auto major had dispatched 80,679 units to dealers in October last year

Tata Motors total sales marginally down at 82,682 units in Oct

Total domestic sales were marginally up at 80,839 units last month against 80,825 units in the year-ago period, Tata Motors said in a regulatory filing.

E2W sales shoot up to 1.32 lakh units in October, TVS Motor reclaims second spot from Bajaj Auto

During last month, TVS Motor reclaimed the second spot at 28,267 units as the Chennai-based automaker’s MoM sales went up by nearly 55.15 percent from 18,218 units

Ather Energy achieves highest-ever monthly dispatches with 20,000 scooters in Oct

The company currently has 231 Experience Centres and 2,500 fast charging stations across the country.

Hyundai debuts new hydrogen car in bet on clean fuel’s future

The vehicle, unveiled Thursday, has a target driving range of over 650 kilometers (404 miles) on a single refueling

Now, discounts fly on coveted SUVs to perk up sales during festive season 

SUV models such as Mahindra Thar (3-door version) and XUV 7OO, Kia Seltos, Toyota Hyryder and Fortuner, Maruti Suzuki Grand Vitara and Jimny are seeing discounts up to few lakhs of rupees. Some SUVs such as Creta and Ertiga are bucking the trend.

Sales of sub-Rs 10 lakh cars are contracting due to affordability issues, says Maruti Suzuki chairman R C Bhargava

As per data provided by SIAM, the sales of minicars in the domestic market declined by 15.5 percent to 66,000 units during April-September 2024 period from 78,170 units in the same period last year.

After a slow Q2, two-wheeler sales on recovery path driven by festive demand, rural sales

Industry players say that the jump in retail sales witnessed in the first 25 days of this festival season is attributed to factors including attractive discounts, tailor-made financing options, new models and rising incomes.

Honda Cars recalls additional 2,204 units to fix faulty fuel pump

Earlier, the company announced a campaign to voluntarily replace fuel pump in 90,468 old units

It is zero discount on Creta, Thar, XUV3XO, Innova Hycross and Ertiga

As per S&P Mobility, new model launches have consistently proven to be pivotal in driving showroom traffic. Customers drawn to these new offerings are not discount seekers; rather, they are individuals willing to pay for novelty and exclusivity

Hyundai Motor's Q3 operating profit falls 7%; misses analysts' estimates

Hyundai's Q3 profit hit by warranty costs for Santa Fe SUVs; global car demand slowdown impacts Hyundai's sales

EV maker Atul Greentech inks battery supply pact with Exide Energy Solutions

As per the agreement, Atul Greentech Pvt Ltd, a subsidiary of Atul Auto, will source lithium-ion battery packs from EESL's manufacturing facility in Prantij, Gujarat, and source cells from the latter once EESL commences production at its manufacturing facility in Bangalore, Karnataka, AGPL said in a statement.

Bajaj’s maiden CNG bike Freedom 125 attracting 100cc to 150cc customers

The dual-fuel bike, which has a supplementary tank for petrol if caught between CNG filling stations, has caught the fancy of the eternally mileage-focused Indian rider

99% of consumer complaints have been resolved, says Ola

Ola Electric responded to the CCPA notice and informed via a stock exchange filing that out of the 10,644 consumer complaints highlighted by the authority, 99.1 percent have already been resolved

Automobile exports from India rise 14% in April-September period

According to Siam data, the overall exports in the April-September period stood at 25,28,248 units, up 14 per cent as compared with 22,11,457 units in the year-ago period

Expect easing of pressure from high natural rubber price in H2: CEAT MD & CEO

The company expects its aftermarket business to continue to grow in double digits and better performance of its international business, which was also affected by non-availability of containers and high freight cost in the second quarter.

Mahindra, Škoda VW may team up to build electric SUVs using Volkswagen’s MEB platform

VW and M&M are deepening their EV alliance, building on an earlier agreement to use components from the MEB platform. The expanded partnership will see the companies work closely to develop e-SUVs for India and beyond

Hyundai recalls hydrogen fuel cell vehicles in US, Canada due to fire risk and tells owners to park them outdoors

The Korean automaker is recalling the hydrogen-powered SUVs from the 2019 through 2024 model years

Maruti Suzuki’s Manesar facility achieves cumulative production milestone of 1 crore units

Maruti Suzuki's annual production capacity is approximately 23.5 lakh units. The company has manufactured over 3.11 crore vehicles since its inception.

SIAM chief sees threat to auto sector from crude price uncertainties over Middle East crisis

According to the SIAM president, the rising fuel prices has more sensitivity in the commercial vehicle segment than on other segments such as cars, scooters and motorcycles

PV sales fall 1% in September due to high base effect, shows SIAM data

SIAM president Shailesh Chandra noted that the flat sales of passenger vehicles in the first half of 2024-25 came as a 'slight surprise' for the automobile industry, but it is expecting a rebound in the second half due to the festival season.

Over 10K consumer complaints against Ola Electric in last 1yr; CCPA issues notice to company

The National Consumer Helpline (NCH) has been getting complaints against Ola Electric for the last one year, which were escalated to higher levels at the company for redressal "but there was little interest shown in redressing these complaints", said a source

IPO-bound Hyundai India to pump in Rs 32,000 crore, raise capacity to 1.1 million units

The Indian arm of the South Korean carmaker will be making investments towards capacity expansion, product and platform development, new launches, etc.

IPO aimed to further Indianise operations, says Hyundai Motor India

Hyundai Motor India Ltd's initial public offering (IPO), the largest in the country's history, will open for public subscription on October 15 and conclude on October 17

Porsche's nine-month China sales plunge by third

The slump in China, the world's biggest car market, and the ongoing model revamp weighed on the overall result, with global sales falling by 7% to 226,026 units in January-September

Honda recalls nearly 1.7 million vehicles for steering problem that could lead to crashes

The vehicles covered in the recall were from model years 2022 to 2025 and include certain Acura Integras, Honda Civics, Honda CR-Vs and Honda HR-Vs.

GST increase on high-end EVs will impact their growth: Mercedes India head

The German luxury car maker has six EVs comprising the EQA SUV, EQB SUV, EQE SUV, EQS SUV, EQS 580 sedan and Mercedes-Maybach EQS 680 SUV, and is on course to launch the EQG SUV early next year

No change in new EV policy, despite global carmakers’ tepid response: MHI official

US carmaker Tesla is yet to make any firm commitment on setting up an EV-manufacturing facility in India. Other players such as Mercedes-Benz, BMW, Jaguar Land Rover, etc., which are selling ICEVs in the country, have also not leveraged on the government's revised policy.