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CFO Balaji attributed the decline in sales to a notable drop in demand after the FAME-II subsidy scheme concluded in March
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Mid-sized sedan Ciaz clocked 603 units last month, down from 1,348 units in July 2023.The total exports were higher at 23,985 units last month against 22,199 units in July 2023
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Tata Motors Q1 FY25 Results: JLR's revenue grew by 5.4 percent during April-June to GBP 7.3 billion with EBIT margins of 8.9 percent, up 30 basis points.
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The Lexus NX Overtrail, with its new 'Moon Desert' beige color scheme and blacked-out features, turns heads while delivering the hybrid efficiency of the NX 350h without the long charging times.
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In the domestic passenger vehicle (PV) segment, M&M achieved a 15% growth, selling 41,623 units versus 36,205 units year-on-year.
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According to Hero MotoCorp’s statement, Terrafirma Motors Corporation will be the exclusive assembler and distributor in the Philippines.
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The management noted that favorable trade conditions and price realisations in mandis indicate a revival in the tractor industry
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The Anand Mahindra led company will be the first external partner to use the unified cell concept, the core element of Volkswagen's battery strategy, and is well prepared to battle any semiconductor crisis.
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In the latest report, Toyota Motor Corp. said it failed to carry out proper certification on seven models, including the Camry sedan and RAV 4 sport utility vehicle. The false tests included pedestrian protection, side collisions and steering impact
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The country’s largest carmaker's April-June revenue rose 9.9 percent to Rs 35,531.4 crore
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The Mumbai-based company's consolidated net profit went up by 20 percent at Rs 3,283 crore, as compared to Rs 2,745 crore in the year ago period
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The Elon Musk-owned electric vehicle manufacturer may opt for Maharashtra, Tamil Nadu or Gujarat to set up a unit. The decision will depend on Tesla's product strategy and local partnerships
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Billionaire Elon Musk's Tesla is recalling some 2021-2024 Model 3, Model S, Model X, and 2020-2024 Model Y vehicles because the hood latch assembly may fail to detect an unlatched hood after it has been opened
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The Hyderabad-based firm will begin the first phase of the 5 GWh battery pack assembly unit in the near term, says Harshavardhana Gourineni.
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Government sources indicate that while the EPFO is willing to facilitate the transfer of the provident fund corpus, it is specifically requesting detailed information regarding the pension scheme.
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The driving force behind this alliance is the urgent need to adapt to a rapidly changing auto industry, marked by the shift from internal combustion engines to EVs.
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Royal Enfield’s all-new, sporty roadster is dripping with character, street presence and contemporary tech, ushering-in a new era for Royal Enfield.
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In FY24, Ather reported a consolidated revenue of Rs 1,789 crore as against Rs 1,773 crores in FY23. The firm's losses widened to Rs 1,059 crore in FY24, up nearly 22.5 percent year-on-year (YoY)
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India's auto sector has received a major boost from the government's recent policies which focus on encouraging local manufacturing and lessening regulatory constraints
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The ITAT verdict upholds Hero Moto's appeal against the reassessment order and rules it invalid, rejecting the tax addition.
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Component supply to OEMs in the domestic market increased by 8.9 percent to $62.4 billion (Rs.5.18 lakh crore), with supply to the EV manufacturing industry accounting for 6 percent of the total component production in the country
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The net profit for the quarter under review has declined significantly from the March quarter profit, which came in at Rs 900.41 crore.
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BMW Group India revealed that 397 units of fully electric BMW and MINI cars were sold in the first six months of this year
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It may be recalled that MINI had started accepting pre-bookings for the new-generation Countryman E electric SUV.
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The company saw robust sales of Cayenne and Macan models during the period under review, the luxury sports carmaker said in a statement
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The company, which is selling just one model in the country currently, is planning to drive in two mid-size SUV models (one five-seater and one seven-seater), one electric SUV and a refreshed version of its compact SUV Magnite
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The proposed listing, first ever by an Indian EV two-wheeler maker, would be a landmark moment for India's auto sector and may encourage value unlocking among peers.
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Industry stakeholders reckon that improved infrastructure is a boon for the auto sector, facilitating better logistics and enhancing the overall consumer experience.
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Electric Mobility Promotion Scheme (EMPS) 2024 will provide further impetus to the green mobility and development of electric vehicle (EV) manufacturing ecosystem in the country
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The CVT is quick and decisive, mimicking the mannerisms of a regular torque converter rather effectively. This is a truly impressive engine
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Industry players reckon that the move by the Finance Minister is pivotal and will substantially lower the production costs of battery cells, directly translating into more affordable electric vehicles (EVs) for consumers
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Auto sector looks for big bang reforms to sustain its growth momentum and propel country’s economy
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While many of them anticipate targeted incentives like FAME 3.0, some are looking for more support for local battery production and innovation, which are critical for the sustainability and cost-effectiveness of EV
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Citing the FADA data, the latest survey revealed that close to 40 percent of Passenger Vehicle retails were in the countryside at 14,73,403 units
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The automobile industry was helped by multiple government schemes in the fiscal year 2024 (FY24) during which the country produced around 49-lakh passenger vehicles, 9.9-lakh three-wheelers, 214.7-lakh two-wheelers, and 10.7-lakh commercial vehicles; the survey pointed out.
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The country's largest two-wheeler maker is also hopeful of the debut of its electric range in the international markets.
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The Thar Roxx will be offered with the same set of engines as the standard model, which include a 2.0-litre turbo-petrol and a 2.2-litre diesel engine paired with, either a 6-speed manual or a 6-speed automatic transmission
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Auto sector is keen on the government’s long-term roadmap on EV adoption, promoting domestic value addition, supply chain challenges, R&D, infrastructure development, etc
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The car is being positioned for the aspirational mid-SUV category, aimed at families, and offers the practicality of an SUV with in a coupe design, Tata Motors added.
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The homegrown tyremaker’s total expenses were higher at Rs 3,003.56 crore as compared to Rs 2,739.14 crore in the corresponding quarter a year ago
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The government should consider the overall perspective of vehicular emissions, reduction of import bill, sustainable local supply chain and total cost of ownership while formulating policies on the auto sector, he added
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Norton announces plans for increased sales through sales partners in USA, Germany, France, Italy and India
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The French carmaker has inked a memorandum of understanding (MoU) with Refex Green Mobility for the same, it said in a statement
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The new model will be available in three variants – Analogue (at Rs 2.39 lakh), Dash (Rs 2.49 lakh) and Flash (2.54 lakh)-all ex-showroom-and will be offered in five colour option
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Our expectation is that the two-wheeler market should grow around 6-8 per cent this year,” Bajaj Auto Executive Director Rakesh Sharma told reporters
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Bajaj Auto Q1 FY25 results exceeded analysts’ expectations, aided by better product mix, higher selling prices, and robust sales.
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The government has kept aside Rs 100 crore for two-wheelers with a target of subsidizing 200,000 vehicles, while for 4-wheelers it has a budget of Rs 250 crore
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Overall shipments stood at 11,92,577 units in the first quarter the current fiscal year, as compared with 10,32,449 units in the same period of the last fiscal.
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When asked about future EV models for local assembly in India, Iyer hinted at upcoming surprises similar to the EQS, suggesting a potential expansion of Mercedes-Benz's localized EV lineup in the near future.
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VinFast, founded by Vietnam's richest man Pham Nhat Vuong in 2017 and which turned to making fully electric vehicles in 2022, said it would now deliver 80,000 vehicles this year, down from the initially planned 100,000.
