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Officials from the Department of Heavy Industries are expected to attend the meeting. Representatives from Tata, Mahindra, Mercedes-Benz India, Hero MotoCorp, and other companies have been invited to the deliberations.
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The Hyundai Creta Electric will be available in 4 variants – Executive, Smart, Premium and Excellence with 8 monotone and 2 dual-tone color options including 3 Matte colours.
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Higher content per vehicle and export opportunities to aid revenue growth for the industry in the near to medium term
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The company sold a total of 9,460 units in December 2024 with domestic sales at 5,603 units and exports at 3,857 units, it added.
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New Delhi, Jan 1 Indian passenger vehicles market registered record wholesales of 43 lakh units in 2024, with companies like market leader Maruti Suzuki..
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The company had sold 2,40,919 units in 2023, Kia India said in a statement.
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The company had posted an overall sales of 60,188 units in December 2023. Passenger vehicle sales stood at 41,424 units last month compared to 35,174 units in the year-ago period
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The company recorded its best-ever calendar year sales in 2024 at 3,26,329 units, which is a 40 percent increase compared to 2,33,346 units sold in 2023.
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Two-wheeler players Hero Moto and Harley Davidson have decided to expand the X440 motorcycle range in India into new variants, in an effort to win the market share in the premium segment.
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Mahindra & Mahindra plans to start by manufacturing 90,000 units of the two EVs a year, before raising it to 200,000 units by March 2026.
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Suzuki’s more than 28 years as president across two terms made him the longest-serving head of a global automaker. He passed the presidency to his son in June 2015 and assumed a role as chairman and chief executive officer, a dual title he held onto for a year before stepping down.
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In the electric passenger vehicle segment, the growth was slower still. Total e-car sales were up just 20 percent this year at 87,687 units versus 73,273 units sold in 2023. Last year, sales had skyrocketed 120 percent from 33,209 units. The proportion of EVs to total PV sales remained at around 2 percent for 2024 as well.
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The expansion spans beyond metros and Tier I and II cities into smaller towns and tehsils. The network stores will also act as service centres.
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The shift in the auto industry -- where advanced technologies like autonomous driving, vehicle intelligence, connected features and electrification are quickly gaining traction -- will be reflected in the upcoming Bharat Mobility Global Expo in which India's flagship Auto Expo has been clubbed to be held from January 17-22, 2025 in Delhi-NCR
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According to Ravi Bhatia from Jato Dynamics India, Maruti Suzuki Ertiga, Hyundai Creta, and Tata Punch dominate their respective segments by serving distinct buyer groups with specific needs
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While the second edition of Faster Adoption and Manufacturing of Hybrid and Electric Vehicles in India (FAME) scheme concluded on March 31, 2024, a slew of other policies were notified to give a renewed thrust on battery-driven vehicles
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Bajaj Chetak: The '35 Series,' gets its nomenclature from the powerful 3.5 kWh battery capacity. Chetak 3501, 3502, and 3503—are ergonomically designed for ease of riding, larger boot space, and shorter charge times, according to the company.
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Maruti Suzuki said the eBorn SUV, which was recently unveiled by Suzuki Motor Corporation at Milan, Italy, is production ready, and a manufactured in India, for the world.
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The company, which unveiled its new SUV, Syros, is looking at around 17 percent sales growth next year at 3 lakh units, as compared to 2.55 lakh units expected this year.
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The South Korean carmaker revealed that Kia Syros will be positioned between the Sonet and Seltos SUVs. Once launched, it will be taking on the likes of the Maruti Brezza, Tata Nexon, Hyundai Venue, Mahindra XUV 3XO, and and the soon-to-be launched Skoda Kylaq
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A deal would effectively consolidate the Japanese auto industry into two main camps: One controlled by Honda, Nissan and Mitsubishi and another consisting of Toyota group companies
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The price increase is aimed at offsetting the impact of rising input costs and ensuring sustainable operations in line with the industry, the company said in a statement.
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The price increase will apply to the company's entire portfolio, including the Kushaq, Slavia, Superb, and Kodiaq.
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Under the 'Assure by BluSmart' initiative, the partner can purchase electric cars and lease these cars to BluSmart.
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This is the third such order for the Tata group firm from UPSRTC in a year with the total order size hitting 3,500
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An Ertiga made at its Manesar factory in Haryana is the 2 millionth vehicle to roll out from Maruti Suzuki's stables
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As per industry watchers, Indian auto component manufacturers are expected to invest between $2.5–3 billion in the financial year 2025, primarily to increase capacity. According to Marwah, there are investments happening in physical infrastructure, design, R&D, people, automation, etc.
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The report called for action by key stakeholders, including policymakers, industry players, and government bodies, to enable India's transition towards clean energy and sustainability.
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"These orders include a significant business for electric vehicles, valued at approximately Rs 50 crore," the company filing said, aligning its portfolio with the growth opportunities in the electric vehicle market.
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The company, which has increased headcount at its Chennai plant by 600 to add a third shift, does not foresee steps to cut 9,000 jobs and 20 per cent production globally having an impact on India as long as it remains competitive in the market, Nissan India Operations President Frank Torres told PTI.
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Hyundai Motor India dispatches declined to 48,246 units last month as against 49,451 units in the year-ago period. Mahindra & Mahindra sales stood at 46,222 units last month as compared with 39,981 units in November last year, a growth of 16 per cent.
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According to him, this kind of convenience will take away some of the angst of charging EVs. He also cited the example of Mercedes Me App offered to overseas EV buyers.
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The extent of price increase will vary depending on model and variant; however, all products across the range will be affected, the company said in a statement.
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The company will invest the funds in a sustainable expansion of production capacities at its Madhya Pradesh-based passenger car radial tyre facility, the tyre maker said in a statement.
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The price increase is to offset the rise in input costs, Tata Motors said in a statement.
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As per ACMA's findings, component supplies to OEMs in the domestic market grew by 11 percent year-on-year to Rs 2.83 lakh crore ($33,8 billion) during H1 FY 2024-25. The aftermarket, estimated at Rs 47,416 crore ($5.7 billion), also witnessed a growth of 5 percent year-on-year during that period, it added.
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Switch Mobility, which specialises in electric buses and light commercial vehicles, sources a variety of battery packs from Tata Auto Component (TACO). At present, Switch-branded vehicles are assembled at Ashok Leyland facilities-e-buses in Ennore and e-LCVs at Hosur
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The new Camry will be available in four new colours: Precious Metal, Dark Blue, Cement Grey and Emotional Red. Other exciting colour offerings of this new model are Attitude Black, Platinum White Pearl
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As per industry analysts, the Indian electric city bus market is expected to grow at a CAGR of 21 percent by 2030 with an EV penetration of 70 percent.
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TKM has sold a total of 17,900 units of the Camry since it was launched in India in 2002 as a fully imported unit with a petrol engine and later in 2013, the hybrid version was introduced
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Tesla, which had paused its search for a showroom in India in recent months, is now in early-stage talks with DLF to help secure space in the capital region
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Billionaire founder Lei Jun unveiled the YU7, a sport utility vehicle similar to Tesla’s Model Y, in a Weibo post
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As per industry watchers, sales of four-wheelers in urban areas in the first half of the fiscal fell by nearly 3 percent over the previous year, while rural sales grew by almost 5 percent
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MG Select will feature experience centers across 12 cities, focusing on sustainable and technologically advanced mobility solutions while drawing on the brand's legacy.
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The price hike is being undertaken to partially offset the rise in input costs and inflation, the Mumbai-based auto major said in a statement.
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The price hike, effective from January 1, 2025, is primarily due to rising commodity prices and escalating supply chain-related costs, the automaker said in a statement.
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While some carmakers like Maruti Suzuki have stated that price adjustments will vary depending on the model, others like Hyundai, M&M, BMW are echoing similar strategies to maintain profitability
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BYD has been on an extraordinary expansion this year, growing capacity and undertaking a massive hiring spree to turbocharge revenue, which overtook EV leader Tesla in the third quarter
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HMIL's charging network is 'actively investing' in the EV infrastructure to support the projected growth for electric vehicles. The car maker has also signed an MoU with Tamil Nadu for 100 EV charging stations across the state by 2027.
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Rural demand, however, gave a boost to two wheelers and tractor sales
