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The company was making accounting provisions for deferred tax liability on fair value gains on these investments, Maruti Suzuki India said in a regulatory filing.
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A highway worthy, family-friendly, bonafide SUV for the ages
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Experts believe that M&M's aim to lead the Rs. 12.5+ lakh SUV segment is ambitious but not unrealistic.
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The new variant of Venue will be powered by 1.2 L Kappa Petrol engine with manual transmission, the Hyundai VENUE S+ variant comes equipped with features like: Smart Electric Sunroof, Digital Cluster
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Luxury carmakers feel the Indian market has not yet evolved to a point that justifies investment in the local manufacture of premium EVs, which cost Rs 50 lakh and above.
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M&M has invested around Rs 1,100 crore in the development, including creating additional production capacity for the five door Thar, which was designed at the Mahindra India Design Studio (MIDS) in Mumbai
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Ola Roadster X price: CEO Bhavish Aggarwal, at the company's ‘Sankalp 2024’ event, said that the delivery of the Roadster Pro will begin in Diwali next year while the Roadster X and Roadster will be available from January 2025.
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The starting price for the base petrol model of the Thar Roxx is set at Rs 12.99 lakh, while the base diesel model begins at Rs 13.99 lakh.
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The vertical design integration model works on the premise that in the automobile industry value chain, the biggest opportunity to reduce cost is at the design stage and not so much in manufacturing
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The company is yet to reveal the price of the motorcycle but there is talk of the vehicle being priced between Rs 1.5 lakh and Rs 2 lakh
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The two-wheeler segment registered a decent sales growth of 12.5% in July 2024 as compared to a year ago at 14.42 Lakh units, said SIAM.
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Fronx is the second model from Maruti Suzuki to be exported to Japan, after Baleno in 2016.
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Once launched, the E-Class LWB will be taking on the just-launched BMW 5 Series LWB and soon-to-be-launched Audi A6. Estimated to be priced upward of Rs 80 lakh (ex-showroom), the luxury saloon will be available in both petrol and diesel options.
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To be sure, OEMs which are yet to repay the government, have contested the government’s claims and some of them have already taken legal recourse to resolve the issue.
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With this, the complete Range Rover portfolio is now made-in-India, the company said.
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The bookings and test rides of the 2024 Classic 350 across stores, will start on September 1, when the prices for all the variants will also be revealed
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The Chennai-based company is eyeing a double-digit growth in volumes during this fiscal, on the back of a revival in the rural markets.
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BSA was relaunched in 2021 and expanded its reach to 23 countries across Europe and the UK. The brand is owned by Classic Legends, whose portfolio also boasts of Jawa and Yezdi motorcycle brands.
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The Pune-based company plans to utilise the funds towards scaling up production at its manufacturing facility in Supa (Maharashtra), marketing and distribution of its current products including the recently-launched E-Luna, and towards research and development of new products, it said in a statement.
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Inside, the new Mahindra 5-door Thar will carry several modern features such as a digital instrument cluster, a 10.25-inch infotainment system, along with ADAS Level 2.
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Amara Raja Advanced Cell Technologies is building a 16 GWH lithium-ion cell production and battery pack assembly facility in Telangana. After attaining 50 percent of the desired output, it will look for stake dilution.
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With the company selling a record 103 units in India in 2023, Automobili Lamborghini Asia Pacific Region Director, Francesco Scardaoni said his wish is to cross the annual sales mark of 150 units in the country in 2026
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Amara Raja Energy & Mobility is establishing its Gigacorridor for battery pack and cell manufacturing with an overall capacity of 5GWh and 16GWh respectively by 2029.
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Kant also said that transition to low carbon technologies relies hugely on Lithium-ion technologies which are crucial for powering Electric Vehicles and New Energy sectors
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Ola's Bhavish Aggarwal is banking on in-house ability to commercially produce cells by early 2025, and aims to replace all external batteries across products over the next year.
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The company, which on Friday launched the plug-in hybrid version of its flagship SUV Urus with prices starting at Rs 4.57 crore (ex-showroom) plans to bring its other hybrid models going forward as and when it launches those in the global markets.
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'The company considers it necessary to clarify to the stock exchanges that the article is unfounded and there is no truth in the matter,' M&M tells stock exchanges
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Can eye-catching coupé-SUV design help the wonderfully engineered Citroen Basalt get its due?
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For Q1 FY 2024-25, Eicher Motors Ltd recorded best ever total revenue from operations at Rs 4,393 crore
(up 10 percent), EBITDA at Rs 1,165 crores (up 14 percent) and Profit after Tax at Rs 1,101 crores (up 20 percent)
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With the unveiling of the Mercedes-AMG GLC 43 4MATIC Coupe and CLE 300 Cabriolet AMG Line, priced at Rs 1.105 crore and Rs 1.10 crore, respectively, the company has strengthened its top-end product range further.
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Heavy industries additional secretary Hanif Qureshi says the FAME3 outlay has not been finalised as the ministry is gathering views from various quarters of the automobile industry
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FAME-III scheme should be announced at the earliest, says Vivek Srivatsa, chief commercial officer of Tata Passenger Electric Mobility Ltd, the EV arm of Tata Motors.
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The event was kickstarted by Shailesh Chandra, Managing Director of Tata Motors, who highlighted the significant strides the company has made in the electric vehicle sector.
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The development comes months after the two-wheeler manufacturer had announced that it aims achieve its target of producing 10,000 units of its Triumph motorcycles each month by September.
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Positioned as an intelligent crossover utility vehicle, the company stated that the USP of this car will be the functionality of an SUV and the interior space of a sedan
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The total electric vehicles sales for July 2023 were at 1,16,221 units, according to the monthly sales data from Federation of Automobile Dealers' Association (FADA)
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It enables access to the almost entire charging network of the country through partnerships with leading providers like Adani Total Energies Limited (ATEL), BPCL, Chargezone, Glida, HPCL, Jio-BP, Shell, Statiq, Zeon, and many others who shall be on-boarded soon
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With more people returning to offices and stepping out of their homes, ride-sharing demand has got a boost over the past several months benefiting companies such as Uber and rival Lyft
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JK Tyre doesn’t see much of a slowdown in the bus segment, where it is a big player, and the company has also bagged ‘sizeable orders’ across EV segments, Singhania has said
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Bhargava stated that it is awaiting a government policy framework to promote all green technologies, including strong hybrids, to replace petrol and diesel vehicles and reduce carbon dioxide emissions
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Maruti Suzuki aims to offer cars with diverse technologies at various price points, aligned with India’s economic and social environment and resource availability.
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Ford is now pinning its hope on the Indian market, the report said adding that the company believes India will lead volumes for the auto industry globally as many markets in the West have stagnated.
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The top four OEMs in July remained unchanged, with Ola Electric in the leading position, followed by TVS Motor, Bajaj Auto, and Ather Energy
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The Ministry of Heavy Industries said the Electric Mobility Promotion Scheme 2024 (EMPS), with an allocation of Rs 778 crore, is set to run from April 1, 2024, to September 30, 2024. The scheme provides incentives for the purchase of electric two-wheelers (e-2W) and electric three-wheelers (e-3W).
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EGLA already has two production facilities in China, one for its EV & Automotive business unit and the other for its industrial business unit
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During the first four months of this financial year, PV sales stood at 13.75 lakh, just a shade higher from 13.5 lakh units during the corresponding period a year ago
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Tata Motors believes that the EV policy is not aligned with Jaguar Land Rover's India strategy and it has no plans to utilise that policy to expand the British luxury brand's business in India
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Royal Enfield domestic sales fell 7 per cent to 61,208 units last month as compared to 66,062 units in July 2023, the company said in a statement.
