Automobile News

By selling a record 40,000 Chetak units in the current quarter, Bajaj Auto has contained incremental cost drag through R&D-driven cost savings, said the company.

Bajaj's ramp up plan for Bajaj e-autos: One store addition every two days

Bajaj Auto's three wheeler market segment grew to 78 percent in FY24

Domestic industry to grow 7-8% but Bajaj will race ahead faster, says a confident management

The home-grown Pulsar maker also announced that it has now received production linked incentive (PLI) certificates for all five of its electric three wheeler models, and recently for both of its electric two-wheeler Chetak models.

Chetak EV records highest quarterly volumes, helps Bajaj secure 3rd spot in electric two wheeler segment

According to the Vahan portal, the company sold 40,672 units of Chetak in Q4 FY 2024, which is nearly seven times what it sold during the same period last year at 6,058 units in January-March 2023.

Bajaj Auto gains toehold in middleweight segment with 400cc Triumph Speed, Scrambler

Triumph's volumes stepped up further in Q4 FY24 with nearly 18,800 units delivered in the quarter, with approximately 70 percent of this going to seed products in overseas markets, Bajaj Auto said.

Bajaj Auto Q4 profit at Rs 2,011 crore, beats estimates; declares dividend

The shares of Bajaj Auto rose 1.61 percent to Rs 9,062 on BSE today. The earnings were announced after the close of trading.

Daimler India gears up for EV foray with eCanter LCV

The all-electric eCanter, which marks DICV’s foray into India’s light-duty truck segment, will be launched in the market within the next 6 to 12 months and will take on similar products offered by established players like Tata Motors and Ashok Leyland.

Mercedes-Benz is betting big on SUVs in India. Here’s why

The German luxury carmaker expects the GLC to become its top-selling SUV model followed by models like the GLA, GLB GLS and GLE.

Tesla's India entry to boost domestic EV market, say experts

The current slowdown faced by the EV market needs some push and Tesla could be the answer for that, an expert said.

Tesla to cut over 10% of its global workforce: Report

Elon Musk cited 'duplication of roles and job functions in certain areas' as the reason for the cuts, said a report, citing an email the chief executive officer sent to staff

Tesla scouts for its first India showroom locations in Delhi, Mumbai: Report

Tesla executives started looking at locations last month and have held talks with several real estate developers as they look at potential high street and mall sites, said a report

WTicabs plans to induct 1,000 EVs in its fleet this fiscal

The company, which operates under the WTicabs brand, has also third-party and individual-owned vehicles in its fleet. For electric vehicles, he said most of these would be primarily company-owned.

Automobile exports from India dip 5.5% in FY24

Two-wheeler exports witnessed a dip of 5.3 per cent last fiscal at 34,58,416 units compared to 36,52,122 units in 2022-23.

The Drive Report: Audi RS4 Avant

Taking one of the most versatile of Audi’s RS cars on the ultimate grand tour in Germany.

OSM ties up with Exponent Energy to offer world's 1st electric 3-wheeler with fast charging capabilities

The OSM Stream City Qik is equipped with a 8.8 kWh battery pack that has a claimed range of 126 kilometres

Car sales in fast lane with 8.4% growth in FY24, riding on robust growth and chip supply

Despite rising commodity prices and the increase in vehicle costs, factors like improved supply of semiconductor chips and strong economic growth for FY24 resulted in higher vehicle offtake, as per SIAM.

Tesla CEO Elon Musk's India visit to last around 48 hours, may unveil plans for Starlink service

Regulatory approvals for Starlink are in final stages and the company is likely to receive a licence soon

Unfazed by impending entry of Tesla, new EV policy has safeguards: Mercedes-Benz India

Mercedes-Benz India Managing Director & CEO Santosh Iyer said, "We also have a huge R&D centre in Bangalore with more than 10,000 people. So from investment and from our presence in India, we are fully committed to the market."

Mercedes-Benz India reports best-ever retail sales in FY24

In the January-March period this year, the automaker sold 5,412 units, an increase of 15 per cent over 4,697 units in the first quarter of last year.

TPEM and Shell join hands to deploy EV charging stations across India

The partnership will leverage Shell’s widespread fuel station network and TPEM’s insights from over 1.4 lakh Tata EVs on Indian roads to set up chargers at locations frequently visited by Tata EV owners

Bridgestone India rolls out Turanza 6i tyres for domestic PV aftermarket

Initially catering to the Internal Combustion Engine (ICE) vehicles, the tyres will also be later customised for Battery-Electric Vehicles (BEVs)

BMW EV sales surge even as rivals struggle with weak demand

Customer deliveries of battery-powered models such as BMW’s i4, iX1 and i7 jumped 41% in the three months through March compared to the same period last year, the company said Wednesday. The results helped group EV sales rise by 28%.

Tata Motors global wholesales up 8% at 3,77,432 units in Q4 FY24

Jaguar Land Rover global wholesales, excluding those of the joint venture with Chery Automobiles in China, were at 1,10,190 units, up 16 per cent from the same quarter a year ago, the company added.

MG Motor India launches Blackstorm edition of Hector SUV at Rs 21.24 lakh

MG Hector's new edition comes with starry-black exterior, and interiors in black theme with gun metal accents.

Maruti Suzuki hikes prices of Swift and selected variants of Grand Vitara; details here

This comes after the leading automaker announced a price hike across models to the tune of 0.45 percent in January citing increased cost pressure

Carmakers set to launch 50 new petrol, diesel models by June 2025

Priced between Rs 6 lakh and Rs 3 crore, are set to be launched in the coming year, of which 65% are Sports or Multi Utility Vehicles (SUV/MPVs) spanning various price segments.

Electric vehicle retail sales grow across segments in FY24: FADA

The overall sales of electric passenger vehicles rose to 90,996 units in 2023-24 as compared to 47,551 units in FY23, registering an increase of 91 per cent.

Maruti Suzuki expands capacity at Manesar by additional 1 lakh units per year

The car company has ambitious plans to double its total capacity by 2030, including an ambitious export target.

BMW sales rise 51% to 3,680 units in January-March quarter

The company sales rose 51 per cent in the first quarter of this fiscal as compared to 2,440 units in the January-March quarter of 2022-23.

PV retail sales in March decline by 6% YoY, but rise 8.45% in FY24: FADA

According to FADA President Harish Raj Singhania, factors such as improved vehicle availability, a compelling model mix and the launch of new models played pivotal roles

Maruti Suzuki eyes 3 lakh exports in FY25, 8 lakh by 2030

Bharti said the company's strategy is aligned with the government's vision under the leadership of Prime Minister Narendra Modi to step up India's exports for the country to capture a larger share of the global trade to meet the ambitions of 'Viksit Bharat'.

IPO-bound Ather Energy launches its first family scooter 'Rizta,' priced Rs 1,09,999 onwards

The EV maker has also launched  its first 'smart helmets,' that feature a slew of technology like music, voice-call enablement, wireless charging, and more.

ICE is 'dead technology', Indian two-wheeler makers should grab global EV market: G20 sherpa Amitabh Kant

Ather Community Day 2024: Kant said institutions such as IITs and IIITs should work towards making skilled manpower for the EV industry.

EV sales projected to surge 66% in 2024, says Counterpoint Research

The report forecasts that by 2030, EVs are expected to represent nearly a third of India's personal vehicle market

Tesla begins making cars in Germany for export to India this year: Report

India’s EV market, small but growing, is dominated by domestic carmaker Tata Motors. Electric models made up 2% of total car sales in 2023 but the government is targeting 30% by 2030

Mahindra's upcoming XUV 3XO SUV to debut globally on April 29

Mahindra emphasizes that the XUV 3XO is engineered to surpass expectations, integrating top-tier performance, cutting-edge technology, appealing design, and unparalleled safety features

Rural markets embracing midsize and large SUVs: Hyundai India COO

Tarun Garg pointed to the significant contribution from rural markets for Hyundai's SUVs like Exter, Venue, and Creta, noting a gradual shift in rural customers' preferences towards modern and larger SUVs.

Tesla to scout sites in India for $2 bn-$3 bn EV plant by late April: Report

The EV major will send a team from the United States by late April to study sites for the plant, reports UK's Financial Times

India becomes Suzuki's second market to cross 3 crore cumulative production mark

Currently, Maruti Suzuki India Ltd (MSIL) has manufacturing facilities at Gurugram, Manesar (in Haryana) and Hansalpur (in Gujarat), from where the vehicles are rolled out.

Toyota launches Urban Cruiser Taisor SUV in India starting at Rs 7.73 lakh

The Urban Cruiser Taisor is the sixth offering under the Toyota-Maruti partnership, which marks the former’s re-entry in to the sub-4m SUV segment.

TVS Motor registers highest ever sales in FY24

Total sales in FY24 stood at 41.9 lakh units, recording a 14 percent growth

Hero MotoCorp sales up 5.5% at 56,21,455 units in FY24

Domestic sales last month stood at 4,59,257 units as compared to 5,02,730 units in March 2023, while exports were higher at 31,158 units

PV sales surge 10% in March at 3.7 lakh units, breach 4.2 million mark in FY24

Car sales are on an uphill drive thanks to improved semiconductor supplies, robust demand for Sports Utility Vehicles (SUVs), healthy economic growth, favourable monsoon, and effective monetary policies

Maruti Suzuki India total sales rise 10% at 1,87,196 units in March

Total domestic passenger vehicle sales in FY24 were at 17,59,881 units as against 16,06,870 units in FY23, up 9.52 per cent

Tata Motors total domestic sales rise to 90,822 units in March

Total commercial vehicle dispatches in the domestic market last month stood at 40,712 units, down 10 per cent as against 45,307 units in March 2023

No diesel, petrol cars in India soon? Here's what Nitin Gadkari proposes for greener economy

The minister said he firmly believes the country can end fuel import by promoting the use of biofuels.

Luxury car sales could breach 50,000 units mark for first time ever in 2024: Audi India head

On Audi's focus areas for the current year, Dhillon stated that the automaker would like to push sales as it now has a very strong product portfolio in the country

'Need movies to celebrate unsung heroes of manufacturing': Anand Mahindra backs Elon Musk

The conversation began after Tesla owner and billionaire Elon Musk said many movies about a lone inventor exist but almost nothing about manufacturing

Xiaomi’s $8 billion rally at stake as costly EV bet makes debut

With a year-long EV price war going on in China, reception for the SU7 will likely dictate Xiaomi’s stock momentum after a 22% gain since a February low.

India to see highest number of new EV model launches in year ahead

Tata Motors leads with the Punch EV in 2024, while Maruti Suzuki, Hyundai, Kia, Renault, Mahindra, Mercedes Benz, and Audi among others gear up with their offerings