Automotive Industry

Mahindra & Mahindra on Wednesday inaugurated two testing facilities, including the one to test the safety of its SUVs, at Kanchipuram.

GST appeals authority upholds demand notice of Rs 139 cr against Maruti Suzuki

Maruti Suzuki India (MSI) on Wednesday said a Haryana GST appeals authority has upheld a tax demand of Rs 139.3 crore against the company.

Indian auto industry could be worth $1.6 trillion by 2047, EVs driving that boom, says IN-SPACe's Pawan Goenka

In order to achieve that, the automotive sector would need to grow at an average nominal rate of 11 percent in topline revenue in dollar terms, according to Goenka.

Year ender 2023 | The biggest trends in automotive technology for 2024

Here are some of the biggest trends for technology in the automotive industry to watch out for in 2024.

Domestic automotive industry expected to grow at high single-digit rates in FY24: Icra

Category-wise, passenger and commercial vehicle volumes could see a growth of 6-9 per cent and 7-10 per cent, respectively, the two-wheeler and tractors are estimated to grow at 6-9 per cent and 4-6 per cent, respectively, in the financial year starting April 2023.

Car and bike makers may need to hike prices further in Q1FY23: Nomura

The manufacturers have already raised prices in April but more rate hikes may be on the way

Time to reimagine supply chain strategy, says Tata Motors' Rajesh Khatri

The supply chain challenges that began in the early months of the COVID-19 pandemic have only been aggravated by the Ukraine conflict, says Khatri.

SIAM signs MoU with Korea's KAMA for cooperation in automotive industry

An MoU to this effect was signed between Society of Indian Automobile Manufacturers (SIAM) and KAMA during an event in Mumbai, SIAM said in a statement.

Mahindra sales rise 17% in March

Mahindra & Mahindra today reported 17 percent rise in total sales to 52,718 units in March as against 45,124 units sold in the same month of last year.

A Clear Claim to Future of Luxury: The All-New BMW 7 Series Debuts in India

  Progress in Motion: Technical Innovation, Personalised Comfort, Unmatched Performance and a Commanding ...

Hero Cycles Announces Appointment of Sreeram Venkateswaranas Director, Marketing

Hero Cycles, the world’s largest cycle manufacturer by volume, today announced a senior level executive appointment of Mr

July auto sales mixed; industry keenly watching monsoon

Most of the two-wheeler manufacturers registered a weak set of numbers except Bajaj Auto and Royal Enfield, which managed to grow well.

Is long-term growth reviving? Too early to say: Maruti

RC Bhargava, Chairman, Maruti Suzuki, says, it is too early to say if we are seeing real improvement in long-term growth, though April has been a good month for automotive industry.

India to become 3rd largest auto manufacturer by 2020: Ford

India's automotive industry is expected to reach 7 million vehicles milestone by 2020, making the country the third-largest auto manufacturer in the world, behind the US and China, a top official at Ford Motor has said.

JK Tyre Q2 Net down 5% at Rs 64 cr

JK Tyre's net sales during the quarter under review stood at Rs 1,799.01 crore compared to Rs 1,729.39 crore in the same period last fiscal. The company today also announced capex of Rs 1,430 crore at its Chennai plant for both truck/bus and passenger car radials.

Auto slump spreads to component suppliers segment

CNBC-TV18's Ronojoy Banerjee and Sunanda Jayaseelan report that the effects of slowdown in the automotive industry are being felt by component suppliers as well.

Reliance and Sibur form butyl rubber JV in India

Sibur, the Russian petrochemical company, and Reliance Industries Limited (Ril), formed a joint venture, Reliance Sibur Elastomers Private Limited, which will produce 100,000 tons of butyl rubber per year in Jamnagar. The butyl rubber will be supplied to the automotive industry in India, Reliance said.

Auto industry faces tougher year in 2012:Audi CEO

The automotive industry faces a tougher year in 2012 than it has done this year, Audi Chief Executive Rupert Stadler told Reuters in an interview for release on Sunday.

Automotive industry shows signs of slowdown: Industrialist

A slowdown in the automotive industry is expected this year owing to increase in the prices of vehicles and fuel, among others, a top industrialist said on Monday.

Hyundai India sales to grow 15-17% in 2011

Hyundai Motor Co's Indian unit sales will rise 15 to 17% in 2011 although overall market growth is poised to cool from last year's scorching 31% as rising prices and interest rates crimp demand, a senior official said.

Maruti hopes to boost production by 12-14% this year

No increase in excise duty in budget 2011 by the finance minister has Maruti's chairman RC Bhargava, bullish on the entire automotive industry and his company, in particular. He tells CNBC-TV18 that the budget has been received well in his sector, with no negative markings visible.

Budget should look at trimming fiscal deficit: Rahul Bajaj

Speaking to CNBC-TV18 about expectations from upcoming budget, Rahul Bajaj, chairman of Bajaj Group said, the government should strive to cut down the fiscal deficit.