Automobile

Tata Motors is leading the EV race, but with M&M upping its game and Maruti revving up efforts, the competition is turbocharged, says Nirav Karkera of Fisdom Research.

Mahindra and Hyundai clarify, no penalty over emissions levied or being considered

Mahindra has denied a news report that claimed eight car companies could face penalties over 'higher than mandated' fleet emission levels for FY23.

Audi expects sales to recover next year; anticipates 8-10% growth in 2025

The German carmaker, which on Thursday introduced a new version of its flagship SUV Q7, expects its sales to grow by 8-10 percent next calendar year, recovering from supply chain challenges it faced in the first two quarters of this calendar year.

M&M's 3% fall weighs on index, eight car makers face up to Rs 7,300 crore penalty over emission

Centre has found out that eight carmakers including Hyundai, Kia, Mahindra, and Honda have higher than mandated fleet emission levels in FY23, which could result in penalties of around Rs 7,300 crore, as per The Indian Express.

Honda unveils electric Activa. Check top features, range, other details

Bookings for ACTIVA e will commence from January 1 next year while the deliveries will start from February, Honda Motorcycle &Scooter India Ltd (HMSI) said without revealing the vehicles' prices

Mahindra XEV 9e Launched | Quick Walkaround

Mahindra has unveiled the XEV 9e! In this quick walkaround, we explore its design, advanced features, and what makes it ready to tackle Indian roads. Watch now to get an up-close look at the XEV 9e and see why it’s a game-changer for Mahindra’s EV lineup.

Mahindra BE 6e walkaround - does look like it's Rs 18 lakh?

Mahindra BE 6e has arrived! In this quick walkaround, we take you through its design, smart features, and what sets it apart in the EV segment. Catch the full details as we showcase the BE 6e up close and share why it’s a standout in Mahindra’s electric portfolio.

Japan's Honda Motorcycle forays into EVs with electric Activa, price yet to be revealed

Bookings for the latest electric scooters will begin from January 1, and deliveries will start from February, HMSI said. The price of the electric scooters have not been revealed yet.

Mahindra launches new eSUV BE 6e starting at Rs 18.90 lakh

eSUV BE 6e : A sporty profile, sculpted surfaces, and aerodynamic features signal performance and agility. Hidden until-lit lighting adds drama, while short overhangs and large wheels emphasize its commanding stance, according to the company

M&M unveils two maiden 'Born Electric' range e-SUVs

Both products are part of the all-new Born Electric range, and based on the 'INGLO' Architecture. Mahindra said the new platform creates better interior space and has a flat floor for passengers.

Ola Electric launches Gig and S1 Z range of electric scooters with prices starting at Rs 39,999

Deliveries of the Ola Gig and Ola S1 Z series will begin starting April 2025, and May 2025, respectively

Kia India aims to double CKD exports by 2030; eyes Middle East, Africa markets

To date, the automaker has exported one lakh units of CKD vehicles since it began shipments in June 2020 from its manufacturing facility at Anantapur in Andhra Pradesh.

Tata doubles down on EV ambitions amid market slowdown

While the company’s franchisee partners started retailing the electric variants of Punch, Tiago, Tigor and Nexon at its EV outlets, it recently accommodated Currv EV (also available in the ICE version) since November

CNG vehicle sales up ~50% between Jan-Sep '24, poised to outsell diesel cars

While Pune leads in CNG sales (35,144 units), Delhi is second with 31,529 units, followed by Mumbai at 24,056 units (January-September ‘24).

Mahindra shares design sketches of upcoming EVs: See pictures

The two electric brands - XEV and BE - are debuting their flagship products, next week. Mahindra has in the past stated the objective of making India a hub of EV manufacturing.

BMW India to hike model prices by up to 3% from January

The company's range of locally produced cars includes the 2 Series Gran Coupe, 3 Series Long Wheelbase, 5 Series Long Wheelbase, 7 Series Long Wheelbase, X1, X3, X5, X7 and M340i.

Mahindra introduces 'INGLO' - the platform for its next e-SUV launches

Two electric brands - XEV and BE - will be based on this INGLO architecture, set to be unveiled on November 26 in Chennai.

Expansion Drive: We are growing the portfolio across our brands — Niranjan Gupta, Hero MotoCorp CEO

The Pawan Munjal-led firm had earlier said that it is looking to sharpen its focus on ICE and e-scooters, and also widen its portfolio in the premium motorcycles space.

Belrise Industries plans Rs 2,150-crore IPO for debt reduction, files draft papers with SEBI

Belrise Industries IPO | The IPO consists solely of fresh issue by the company, with no offer-for-sale component.

Ford to cut 14% of European jobs, blaming EV shift and rising competition

The US company is the latest automaker after Nissan, Stellantis and GM to cut costs as the industry struggles with growing competition from Chinese rivals in Europe, waning demand in China, and the challenges of shifting to EVs that remain too expensive for most consumers to buy.

Carmakers on an overdrive to clear stocks, hefty discounts stay on even after festive season

While no carmaker has officially announced any price cuts, a FADA source said buyers can expect 20-30 percent discount on ex-showroom price of most models until December 31

Vietnam's VinFast gets funding boost from parent, founder ahead of next year's India plans

Vingroup also said it will convert all existing loans of about $3.3 billion to VinFast Vietnam into dividend-entitled preferred shares, a move that will help address the "short-term financial pressure" on the EV maker.

Tyre makers to see 7-8% topline growth this fiscal: Crisil

This would be for the second consecutive year that the estimated revenue growth for the tyre manufacturer will be in single digit (albeit nearly double than that of last fiscal) and after logging a compound annual growth rate of 21 per cent between fiscals 2021 and 2023, Crisil Ratings said.

Tata Motors expects PV retail sales to sustain momentum in Q3

As per FADA data, festive demand helped PV retail sales rise 32 per cent year-on-year (YoY) to 4,83,159 units in October.

GM plans to cut 1,000 salaried workers in bid to reduce costs

Most of the layoffs will affect staff in North America, said the people, who asked to not be identified because they weren’t authorized to speak publicly

MC Explainer: Why Piyush Goyal told auto firms to prioritise volumes over margins

Per data provided by SIAM, the sales of small cars declined 15.5 percent to 66,000 units between April-September 2024.

Mercedes-Benz India to raise prices by up to 3% from Jan 1, 2025: CEO Santosh Iyer

Price protection valid until December 31st for all the existing and future bookings of cars that are currently not in stock, the company said

Vehicle retail sales rise 12% to 43 lakh units during 42-day festive period: FADA

'We could have fully met or even exceeded our targets of 45 lakh units if not for the unseasonal heavy rains in South India,' says FADA

FADA asks OEMs to reduce inventory further despite "strong" festive sales

FADA said it anticipates passenger vehicle inventory to reduce further from October levels, and has asked OEMs to liquidate 2024 stock further, so dealers can enter 2025 with the "ideal FADA-recommended 21 days of inventory".

Govt, semi-govt bodies need to scrap 13,000 vehicle older than 15 years by Jan-end

As per a Government Resolution (GR) issued on Tuesday, these old vehicles will have to be scrapped only through registered vehicle scrapping facilities before January 31, 2025.

Amid demand concerns, Piyush Goyal urges automakers to cut prices for sales boost

Seemingly referring to Hyundai, the minister said the auto industry is sitting on high margins and should look at more competitive pricing

Hero MotoCorp Q2 net profit rises 14% to Rs 1,204 crore, beats estimates

The Pawan Munjal-led company registered an 11 percent year-on-year increase in revenue at Rs 10,463 crore

Bharat NCAP crash test: Mahindra Thar Roxx secures 5 star safety rating

Thar ROXX has made history by becoming the first body-on-frame SUV to secure a 5-star Bharat-NCAP rating, said Mahindra & Mahindra

Hybrid vehicles can curb carbon emissions and ease range anxiety, says Piyush Goyal

Goyal also highlighted government incentives like EV Policy and PM e-Bus Seva Yojana, which underscore India’s commitment to sustainability and move towards carbon neutrality

Mahindra SUVs secure 5-star safety ratings under Bharat NCAP

The vehicle scored 31.09/32 in adult occupant protection (AOP) and 45/49 in child occupant protection (COP), setting a new benchmark in safety.

Passenger vehicle wholesales up marginally at 3,93,238 units in Oct: SIAM

The overall passenger vehicle dispatches to dealers stood at 3,89,714 units in October 2023.

Geopolitical factors like Red Sea crisis impacting volumes, says Hyundai India MD

Hyundai India sold a total of 1,91,939 units of Passenger Vehicles (PVs) during Q2, out of which export volumes stood at 42,300 units. The automaker had sold a total of 2,09,777 units in the year-ago period

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

2024 Maruti Suzuki Dzire launched at starting price of Rs 6.79 lakh. Check features

The new Dzire will be available in three new colour options – Alluring Blue, Gallant Red, Nutmeg Brown, in addition to Arctic White, Splendid Silver, Bluish Black and Magma Grey colour options that are on offer

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

Mahindra & Mahindra to debut two new EVs on Nov 26. See photos

Mahindra & Mahindra said that the new EVs will be based on the Electric Origin INGLO architecture and will be based at the Unlimit India World Premiere on 26 November in Chennai.

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