Automobile

BSA was relaunched in 2021 and expanded its reach to 23 countries across Europe and the UK. The brand is owned by Classic Legends, whose portfolio also boasts of Jawa and Yezdi motorcycle brands.

Kinetic Green raises $25 mn from Greater Pacific Capital

The Pune-based company plans to utilise the funds towards scaling up production at its manufacturing facility in Supa (Maharashtra), marketing and distribution of its current products including the recently-launched E-Luna, and towards research and development of new products, it said in a statement.

Mahindra Thar Roxx reveals two new colours ahead of 15 August launch

Inside, the new Mahindra 5-door Thar will carry several modern features such as a digital instrument cluster, a 10.25-inch infotainment system, along with ADAS Level 2.

Amara Raja to scout for external funding for its EV battery business, may explore an IPO

Amara Raja Advanced Cell Technologies is building a 16 GWH lithium-ion cell production and battery pack assembly facility in Telangana. After attaining 50 percent of the desired output, it will look for stake dilution.

Lamborghini bets big on India's long-term potential

With the company selling a record 103 units in India in 2023, Automobili Lamborghini Asia Pacific Region Director, Francesco Scardaoni said his wish is to cross the annual sales mark of 150 units in the country in 2026

Amara Raja inaugurates EV battery pack plant, to commence cell manufacturing next year

Amara Raja Energy & Mobility is establishing its Gigacorridor for battery pack and cell manufacturing with an overall capacity of 5GWh and 16GWh respectively by 2029.

India must focus on solutions like EVs to ensure energy independence: G20 Sherpa Amitabh Kant

Kant also said that transition to low carbon technologies relies hugely on Lithium-ion technologies which are crucial for powering Electric Vehicles and New Energy sectors

Ola's Bhavish Aggarwal to unveil first electric motorcycle on Independence Day

Ola's Bhavish Aggarwal is banking on in-house ability to commercially produce cells by early 2025, and aims to replace all external batteries across products over the next year.

Looking forward to India's hybrid vehicle policy to tap opportunity: Automobili Lamborghini

The company, which on Friday launched the plug-in hybrid version of its flagship SUV Urus with prices starting at Rs 4.57 crore (ex-showroom) plans to bring its other hybrid models going forward as and when it launches those in the global markets.

M&M clarifies report on $3-bn JV with China's Shaanxi is 'unfounded'

'The company considers it necessary to clarify to the stock exchanges that the article is unfounded and there is no truth in the matter,' M&M tells stock exchanges

The Drive Report: Citroen Basalt

Can eye-catching coupé-SUV design help the wonderfully engineered Citroen Basalt get its due?

Eicher Motors Q1 net profit rises 20% to Rs 1,101 crore, beats estimates

For Q1 FY 2024-25, Eicher Motors Ltd recorded best ever total revenue from operations at Rs 4,393 crore (up 10 percent), EBITDA at Rs 1,165 crores (up 14 percent) and Profit after Tax at Rs 1,101 crores (up 20 percent)

Mercedes-Benz confident of double-digit growth this year, rolls out 2 new top-end models

With the unveiling of the Mercedes-AMG GLC 43 4MATIC Coupe and CLE 300 Cabriolet AMG Line, priced at Rs 1.105 crore and Rs 1.10 crore, respectively, the company has strengthened its top-end product range further.

Government welcomes FDI in auto sector, including from China, says Hanif Qureshi

Heavy industries additional secretary Hanif Qureshi says the FAME3 outlay has not been finalised as the ministry is gathering views from various quarters of the automobile industry

Tata Motors banks on launch of FAME-III scheme, festive season to boost EV sales

FAME-III scheme should be announced at the earliest, says Vivek Srivatsa, chief commercial officer of Tata Passenger Electric Mobility Ltd, the EV arm of Tata Motors.

Tata Motors launches Curvv EV with starting price at Rs 17.50 lakh

The event was kickstarted by Shailesh Chandra, Managing Director of Tata Motors, who highlighted the significant strides the company has made in the electric vehicle sector.

Bajaj Auto to launch two new Triumphs in 400 cc segment ahead of festive season: Report

The development comes months after the two-wheeler manufacturer had announced that it aims achieve its target of producing 10,000 units of its Triumph motorcycles each month by September.

JSW MG Motor India gears up to roll out Windsor e-CUV, anticipates 250% growth in EV sales in 2024

Positioned as an intelligent crossover utility vehicle, the company stated that the USP of this car will be the functionality of an SUV and the interior space of a sedan

Electric vehicle sales rose 55.2% to 1.79 lakh units in July: FADA

The total electric vehicles sales for July 2023 were at 1,16,221 units, according to the monthly sales data from Federation of Automobile Dealers' Association (FADA)

JSW MG Motor India rolls out charging superapp 'eHub' for EV owners

It enables access to the almost entire charging network of the country through partnerships with leading providers like Adani Total Energies Limited (ATEL), BPCL, Chargezone, Glida, HPCL, Jio-BP, Shell, Statiq, Zeon, and many others who shall be on-boarded soon

Uber's second-quarter revenue beats on ride-sharing demand

With more people returning to offices and stepping out of their homes, ride-sharing demand has got a boost over the past several months benefiting companies such as Uber and rival Lyft

Product development, capacity expansion plans for EVs on track, says JK Tyre’s Anshuman Singhania

JK Tyre doesn’t see much of a slowdown in the bus segment, where it is a big player, and the company has also bagged ‘sizeable orders’ across EV segments, Singhania has said

Will never reduce our focus on buyers who cannot afford expensive cars: Maruti Suzuki Chairman

Bhargava stated that it is awaiting a government policy framework to promote all green technologies, including strong hybrids, to replace petrol and diesel vehicles and reduce carbon dioxide emissions

Await policy for comprehensive clean technology adoption, says RC Bhargava

Maruti Suzuki aims to offer cars with diverse technologies at various price points, aligned with India’s economic and social environment and resource availability.

Ford may re-enter India, set to consider new proposal: Report

Ford is now pinning its hope on the Indian market, the report said adding that the company believes India will lead volumes for the auto industry globally as many markets in the West have stagnated.

E2W sales reach 1-lakh mark in July, nearly 96% YoY jump

The top four OEMs in July remained unchanged, with Ola Electric in the leading position, followed by TVS Motor, Bajaj Auto, and Ather Energy

Govt lists ongoing schemes to speed up electric vehicle adoption

The Ministry of Heavy Industries said the Electric Mobility Promotion Scheme 2024 (EMPS), with an allocation of Rs 778 crore, is set to run from April 1, 2024, to September 30, 2024. The scheme provides incentives for the purchase of electric two-wheelers (e-2W) and electric three-wheelers (e-3W).

Electric motor parts maker EuroGroup Laminations enters India, signs JV in China

EGLA already has two production facilities in China, one for its EV & Automotive business unit and the other for its industrial business unit

PV sales hit a speedbreaker in July, fall 2.5% to 3.44 lakh units YoY

During the first four months of this financial year, PV sales stood at 13.75 lakh, just a shade higher from 13.5 lakh units during the corresponding period a year ago

No plans to leverage EV policy for JLR, says Tata Motors CFO

Tata Motors believes that the EV policy is not aligned with Jaguar Land Rover's India strategy and it has no plans to utilise that policy to expand the British luxury brand's business in India

Royal Enfield sales down 8% at 67,265 units in July

Royal Enfield domestic sales fell 7 per cent to 61,208 units last month as compared to 66,062 units in July 2023, the company said in a statement.

Lacklustre EV volumes a temporary aberration: Tata Motors CFO

CFO Balaji attributed the decline in sales to a notable drop in demand after the FAME-II subsidy scheme concluded in March

Maruti Suzuki total sales slips 3.63% to 1,75,041 units in July

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

Tata Motors Q1 results: Net profit zooms 74% on-year to Rs 5,566 crore, beats estimates

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.

The Drive Report: Lexus NX Overtrail

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.

July Auto Sales: Mahindra & Mahindra’s domestic PVs up 15%, exports down 40%

In the domestic passenger vehicle (PV) segment, M&M achieved a 15% growth, selling 41,623 units versus 36,205 units year-on-year.

Hero MotoCorp enters South-East Asian market, begins production in the Philippines

According to Hero MotoCorp’s statement, Terrafirma Motors Corporation will be the exclusive assembler and distributor in the Philippines.

M&M hits record tractor sales in Q1FY25, projects over 5% growth ahead

The management noted that favorable trade conditions and price realisations in mandis indicate a revival in the tractor industry

We are open to expanding our cooperation with Volkswagen on EVs, says M&M top official

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.

Japan's top automaker Toyota acknowledges more certification cheating and apologizes

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

Maruti Suzuki Q1FY25 net profit jumps 47% to Rs 3,650 crore, beats estimates

The country’s largest carmaker's April-June revenue rose 9.9 percent to Rs 35,531.4 crore

M&M's Q1 net profit falls 5% YoY to Rs 2,613 crore, SUV revenue market share rises

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

Tesla zeroes in on 3 states for potential manufacturing unit: Reports

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

Tesla recalling more than 1.8M vehicles due to hood issue

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

We are going ahead with our EV investments in a phased manner: Amara Raja Executive director

The Hyderabad-based firm will begin the first phase of the 5 GWh battery pack assembly unit in the near term, says Harshavardhana Gourineni.

Tata Motors in legal clash with EPFO over pension fund transfer: Report

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.

Mitsubishi Motors joins Honda-Nissan alliance amidst major auto industry shift: Report

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.

The Ride Report: Royal Enfield Guerrilla 450

Royal Enfield’s all-new, sporty roadster is dripping with character, street presence and contemporary tech, ushering-in a new era for Royal Enfield.

Hero Motocorp attributes a loss of Rs 390 crore in investee company Ather Energy

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)

In Budget 2024, catalysts introduced to augment growth for auto sector

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