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The company is hoping to maintain its 30 percent market share this year and grow to about 35 percent going forward
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Through this strategic move the auto major aims to bring the Nexa service experience to customers in non-urban centres, the company said in a statement.
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The Malappuram District Consumer Commission issued the order based on a complaint filed by Mohammed Musliar, a native of Indianoor in this northern district.
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Executive Chairman Lawrence Stroll has contacted current and former heads of other luxury auto manufacturers to gauge interest in the role, according to people familiar with the matter, who asked not to be identified because the conversations were private.
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The sedan is based on the Swift and with the launch of the revamped hatchback just weeks away, the updated Dzire is also being tested and readied for its subsequent unveiling.
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At the 2023 Auto Expo, Kia announced bringing its flagship electric SUV, the EV9, to India. We have the details for you.
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Under the collaboration, OSPL, along with e-waste management firm Attero, plans to recycle over 100MWh of batteries in the next 3-4 years, OSPL said in a statement.
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The company's standalone revenue during the quarter came in at Rs 9,273 crore, higher by 2.7 percent as against Rs 9,030 crore in the third quarter of the preceding fiscal.
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The company says no plans currently for raising capital in the EV arm.
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According to two sources, Hyundai Motor is considering the possibility of doing the nation's largest-ever stock offering by going public with its Indian subsidiary in order to raise at least $3 billion as early as this year at a valuation of up to $30 billion.
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Japan’s position as the world’s biggest auto exporter is being seriously challenged by China which has achieved a sharp increase in exports. Two important reasons, the Ukraine war and the growth in New Energy Vehicles, are helping China’s quest for the No. 1 slot
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Eicher has entered SCV segment with its "Pro Business Pro Planet" range of vehicles. It will initially roll out the electric variant, and later expand its offerings to include clean CNG and diesel variants.
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TVS Motor Company, which operates in the two- and three-wheeler segments, exports close to 30 per cent of its annual volume, and has a presence in 80 countries
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At the Bharat Mobility Global Expo which is currently underway in New Delhi, Ashok Leyland showcased its future-ready vehicles including the 9m Hydrogen Fuel Cell Bus, AVTR LNG 6×4 Tractor, 55T EV Tractor and Switch IeV4 Electric light commercial vehicles.
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Prime Minister Narendra Modi stated on Friday that the country has sold over 210 million vehicles since 2014, up from 120 million in the previous ten years.
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A California judge ordered Tesla Inc. to pay $1.5 million as part of a legal settlement involving allegations that the firm mishandled hazardous trash at its auto service centres, energy centres and a factory, according to several county district attorneys.
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The Enyaq iV SUV is the Volkswagen subsidiary’s first electric vehicle in India’s growing market.
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The country has a vision of expanding the share of electric vehicle sales to 30% in private cars, 70% in commercial vehicles, 40% in buses, and 80% in two-wheelers and three-wheelers by 2030
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CEO Niranjan Gupta said competition in the electric scooter market is like a marathon and not a 100-metre sprint
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Merc’s life-sized, three-row SUV returns with long overdue technological updates, refreshed looks and the promise of continued segment domination.
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The budgetary outlay for the PLI scheme for advanced chemistry cell battery storage has increased 20 times to Rs 250 crore in FY 2024-25 from Rs 12 crore last year.
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Honda Motorcycle & Scooter, a Japanese manufacturer of two-wheelers, reported on Thursday that its total domestic sales in January increased by 41.50 percent year over year to 4,19,395 units.
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Car Sales in January: Industry players attributed the growth in wholesales numbers to record SUV sales, exceptional response to new launches, rising production levels, and robust economic growth.
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Interim Budget 2024: In the vote-on-account budget, Sitharaman announced a series of measures to accomplish a “net zero” emissions target by 2070 in order to steer India towards a “greener future”
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The auto industry body expects the current execution of road, highway and other infrastructure projects to remain on track in the vote-on-account budget
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The country’s largest carmaker’s revenue too was better than estimates at Rs 33,309.7 crore, up 15 percent from the year-ago period
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It sounds like a simple and straightforward idea that should be acceptable to all. But it isn’t. The Racecourse opposite the sea is the last major open space for the public.
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Strategic reductions by many companies are a sign of pragmatism and an acknowledgement that the world’s largest car market isn’t necessarily a profitable one. Pricing power, government subsidies, and the speedy adoption of new-energy vehicles like battery and hybrid-powered models by Chinese automakers made foreign brands increasingly redundant
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Intercity rides can be booked to tourist destinations around Srinagar, including Gulmarg, Sonmarg, and Pahalgam, the company said.
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Punch EV: The new car aimed at an entirely different segment of buyers, says Shailesh Chandra, who also adds that the overall pace of EV sales growth is expected to begin slowing
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The new diesel automatic Jeep Compass S 4X2 caters to SUV lovers who are not really off-roaders.
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As per the Global Automotive Aftermarket Research Report, the size of the automotive aftermarket stood at USD 10 billion in 2023.
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Three electric buses have been introduced in the city and five more will be added to the fleet soon, according to an official statement.
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Fuel taxes have five distinctive advantages for governments: They establish a direct link between road usage and payment; they collect lots of money; they are simple and cheap to manage; taxpayers largely accept them as fair; and finally, they are difficult to evade
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Firms urge ongoing support for green mobility in the upcoming budget, emphasizing infrastructure development. Interim budget presentation by Union government on February 1.
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Apple veteran overseeing home devices and electric vehicle projects departs for Rivian Automotive, adding to the string of senior exits from Apple.
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The industry also expects greater support for hybrid vehicles, lower GST on EV spares, and skilling initiatives for the EV workforce
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Tesla is recalling nearly 200,000 vehicles in the U.S. because the backup camera may not function while the car is in reverse.The recall covers certain Models.
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Ola will also expand its e-bike fleet in Bengaluru after witnessing a successful pilot in the city
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Based on the Mercedes G-Class, the EQG comes with all the bells and whistles you would expect from an offroader, including a neat new party trick.
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In this edition of Moneycontrol Pro Panorama: China's Maldives move a revenge against India, interim budget must focus on capex, fintechs day of reckoning is nigh, Indian start-ups and their funding saga, and more
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While Hero MotoCorp will continue to bet on the commuter segment in the long run, the overall market will start looking up as government spending and the resulting jobs and incomes push up demand for two-wheelers.
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Hero has now entered the premium segment with the Harley-Davidson X440-based Mavrick 440. But how does it stack up to the competition?
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The Chennai-based automobile company's net profit stood at Rs 352 crore in the comparable year-ago period.
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The company that the revenue growth was led by “acceleration in the domestic business” on the back of “sharp execution and impactful activation” during the festive season
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The model has crossed the milestone in 10 months, setting a new industry benchmark, the car market leader said in a statement.
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With the launch of the Rizta, Ather will be finally entering the more conventional family oriented scooter segment.
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The Punch EV is a spirited, well-engineered car that’s here to make its rivals redundant
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The company, which unveiled its new performance bike MAVRICK 440, is also ramping up production to 10,000 units a month to meet demand for motorcycles in the segment.
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As per SIAM, domestic sales in the entry-level scooter segment (75cc-125cc), have dropped from 6.66 million units in 2018-19 to about 4.8 million units in 2022-23. CEAT believes the mass market will continue to be the biggest in the future
