Auto News

Becoming a zero emission brand, for Volvo Cars, is just the first step on the road to planet preservation.

Ola in talks to raise over $1billion through equity, debt: Report

The company has recently raised over Rs 1,049 crore (about $139 million) from Edelweiss and others at a valuation of over $7 billion.

Simple Energy to invest Rs 2,500 crore to set up EV manufacturing facility in Tamil Nadu

The proposed facility, spread in 600 acres of land, would be the company’s second such production unit and is expected to be functional by 2023, the Bengaluru-based company said in a release.

Volkswagen secures raw materials as part of $34 billion battery push

At the core of the three agreements, which are part of VW’s 30 billion euro ($34 billion) plan to build battery plants and procure materials, lies a planned joint venture with Belgian chemicals and recycling company Umicore.

Volvo Cars’ is fast tracking its goal of climate neutral manufacturing

What is climate neutral manufacturing? And how is Volvo going about achieving it?  

Tata Motors to hike prices of commercial vehicles from January

The price hike will be across segments of medium and heavy commercial vehicles (M&HCV), intermediate and light commercial vehicles (I&LCV), small commercial vehicles (SCV) and buses, based on individual model and variant of the vehicle, Tata Motors said in a regulatory filing.

Volvo Cars is going leather-free with its future EVs

In a bid to be carbon neutral by 2040, Volvo’s first step towards sustainability involves ditching leather in its EVs and opting for more sustainable, yet premium alternatives.

Hero MotoCorp expands operations in Argentina

Gilera Motors Argentina (GMA) will make new investments to rapidly expand all business operations for Hero MotoCorp’s products.

Mercedes-Benz India to hike prices of select models by up to 2% from January 2022

The company, however, said it is committed to price protection to customers who have booked their cars and are waiting for more than four months for select models.

Tata Power, ama Stays & Trails tie up to set up EV charging stations

A rising demand for sustainable transport infrastructure has resulted in an increasing number of hospitality brands investing in electric vehicle (EV) charging points, a statement said.

Honda Cars India reports 31% dip in total sales at 6,904 units in November

The company had sold a total of 10,021 units in the same month last year.

Chip shortage slows down car, SUV sales by 11% in November

The drop in volumes comes at a time when the industry is sitting on an order book in excess of 500,000 units

Volkswagen expects battery, raw material drive to cost up to $34 billion

Thomas Schmall, who is in charge of technology at Europe’s largest carmaker, said in an interview at the Reuters Next conference that Volkswagen would seek outside partners to fund it.

Supply chain constraints to dent Maruti Suzuki production levels in December

Due to supply constraints, the company is expecting an adverse impact on vehicle production in December 2021 in both Haryana and Gujarat (Suzuki Motor Gujarat Pvt Ltd), owing to a supply constraint of electronic components impacted by shortage of semiconductor devices, Maruti Suzuki India said in a regulatory filing.

Maruti Suzuki hikes prices of Eeco van by Rs 8,000

The increase in price is effective from November 30, 2021, the company said in a regulatory filing.

Auto component stocks shiver on fears of Omicron virus impact

The stocks had run up by 70-80 per cent over a year. Hence, a drop in stock prices would make the risk-reward equation for investors more favourable

Nupur Recyclers to set up 200 EV charging points, battery swapping stations

Mumbai, Nov 29 Marking its foray into the domestic Electric Vehicle (EV) space, Nupur Recyclers on Monday said it plans to set up 200 charging poin..

TVS Motor Company signs MoU with Tamil Nadu for Rs 1,200-crore investment

Under the MoU, the investment will be spread over four years, and will be mainly for the design, development and manufacturing of new products and for capacity expansion in the EV space

Maruti-Toyota inaugurate vehicle scrapping unit in Noida

The facility which can process one car in 200 minutes, is built at a cost of Rs 44 crore

15 states have rolled out BH-series so far for seamless transfer of vehicles across India: Road Secretary

The government in August had notified a new vehicle registration regime that will free vehicle owners from the re-registration process when they shift from one state or Union territory to another.

Greaves Cotton revs up EV focus, eyes  investor funding by first half of FY23

Tata Motors recently raised $1 billion from a TPG-led consortium, fuelling a rush by others to raise funds

Skoda unveils Slavia sedan, launch by June 2022

Bookings for the Slavia has opened. The sedan will be positioned below the Octavia but above the now phased out Rapid sedan

New Celerio Review: What you need to know about the Maruti Suzuki car besides its ‘fuel-efficiency’

The Maruti Suzuki Celerio can’t be described as a bargain, but it does offer many things that buyers in this segment look for

Toyota Kirloskar ties up with IndusInd Bank for vehicle finance

With the tie-up, IndusInd Bank becomes one of the preferred financiers for the complete range of vehicles sold by TKM in India, the automaker said in a statement.

Power Global partners Rap Eco Motors to supply eZee swappable lithium-ion battery tech

The partnership is for the supply of battery technology to Rap Eco’s mass-market electric three-wheeler product line RANIE, which includes a passenger auto-rickshaw, delivery van and cargo vehicle, Power Global said in a release.

UK's Arrival unveils pre-production prototype electric bus

The pre-production bus will start running on roads within the next few weeks, and series production is due to begin at a plant in the US state of South Carolina in the second quarter.

Kubota to increase stake in Escorts, make open offer at Rs 2,000 per share

Kubota, which has interests in tractors, earth movers and engines, will also make an open offer to Escorts shareholders to acquire up to 26 percent of the company’s share capital. The name of the company shall be changed to ‘Escorts Kubota Limited’.

Ducati launches Panigale V4 SP in India at Rs 36.07 lakh

Bookings are now open across all Ducati dealerships in Delhi-NCR, Mumbai, Pune, Ahmedabad, Hyderabad, Bengaluru, Kochi, Kolkata and Chennai, and deliveries will start with immediate effect, Ducati India said in a statement.

No festive cheer for auto sector as sales slump to decade low

At 2.09 million, registrations of new vehicles during the festive days was 18 percent lower than the same period FY21 and nearly 21 percent lower than FY20.

Tata Motors working on born-electric and flexi vehicle platforms for future

The Tata Group company, which is the leader in the electric bus segment having the largest share of electric bus number in operation in India, is working on a platform for the future that will be born electric.

Mahindra Finance launches lease-based vehicle subscription business for urban centres

Under a brand christened 'Quiklyz', the non-banking financial company (NBFC) said it will be the first-of-its-kind digital journey on vehicle usership aimed at catering to both the retail customers and corporates.

Volkswagen powers up the grid to take on Tesla

Underlining its electric ambition, Volkswagen has drafted in power industry veteran Elke Temme, who spent nearly two decades at German energy companies RWE and Innogy, to help the carmaker get in better shape to take on Tesla.

Tyre makers line up Rs 5,000 crore capex to boost capacity

Tyre companies are gearing up to add capacity in order to meet demand as the economy recovers and demand increases

Piaggio India launches updated version of Aprilia SR scooter range

The all-new Aprilia SR 160 will be available at Rs 1.17 lakh, while the Aprilia SR 125 at Rs 1.07 lakh, Piaggio India, which is the wholly-owned subsidiary of Italian auto major Piaggio Group, announced at the launch event.

As autos go electric, Toyota chases hydrogen dream

The colourful Toyota Corolla Sport that Akio Toyoda steered around the Okayama International Circuit in western Japan was powered by a converted GR Yaris engine running on hydrogen. Making such a powerplant commercially viable could keep internal combustion engines running in a carbon-free world.

Chip shortage to hit Bajaj Auto’s export volumes

Exports are a crucial component in Bajaj Auto’s overall automotive business as more than half of its production is sold overseas

Ashok Leyland in talks with investors to raise funds for EV subsidiary Switch Mobility

The Chennai-based trucks and bus manufacturer has hived off its electric vehicle division to better tap growth opportunities through onboarding of partners

Review: Ola’s electric dreams on two wheels still a work in progress

The Ola electric scooter is yet to be fitted with all of its advertised features and many software updates are pending. Still, it has the potential to be a world-class product

Maruti Suzuki aims to drive in more CNG trims across its product range

The company, which sold around 1.62 lakh CNG cars last fiscal year, is also counting on the rapid expansion of CNG dispensing outlets across the country to bring in more CNG products.

Hyundai Motor whistleblower, $24 million in hand, plans to help others speak up

Kim Gwang-ho's action led to an agreement last year by Hyundai and its affiliate, Kia, which are among the world's top 10 automakers by sales, to pay a record civil penalty of $210 million.

Auto sales down 25% in October on chip shortage, weak demand

The fall is majorly attributed to the inabilities of companies to match demand with supplies because of crunch in availability of chips

Tata Motors, Mahindra & Mahindra dodge chip shortage with innovation

Tata Motors and Mahindra & Mahindra have lowered chip usage to reduce the waiting period, which is at 12 months for some vehicles. Tata Motors and Mahindra are estimated to have over 300,000 pending orders.

OLA Electric customer scooter test rides to commence today

OLA customers to finally experience the much-hyped scooter before they make the final payment.

Mahindra & Mahindra ‘open’ to funding for electric vehicle business once again

This is the second time that the Mumbai-based company is talking about bringing an investor on board for its EV business.

Maruti Suzuki Smart Finance disburses over Rs 6,500 crore automobile loans

Through the platform, the company introduced a multi financier, end-to-end, online car financing solution, with a real-time loan tracking facility for its customers with features such as credit score-based interest rates, pre-approved, and custom generated loan offers from multiple financiers, online documents sharing with real-time loan status tracking.

Royal Enfield appoints Mohit Dhar Jayal as Chief Brand Officer

As the company continues on its journey to become the first global premium consumer brand from India, Mohit Dhar Jayal will lead the creative and strategic thinking for brand and marketing functions to curate and further cement brand and associations in the minds of the global consumer, the two-wheeler maker, which is part of Eicher Motors, noted.

Bajaj Auto may set up first electric vehicle plant in Akurdi

The Akurdi plant has been out of action since 2007, after rolling out its last two-wheeler. Bajaj Auto is now seriously looking at resurrecting the factory to drive its EV ambitions

'Maruti Suzuki India keeping close watch on commodities' price movement to fix vehicle prices'

The company is hoping for a softening of commodity prices, which also move cycles, having "sort of reached the peak".

Elon Musk tweets to ask if he should sell some Tesla stock

Some Democrats have been pushing for billionaires to pay taxes when the price of the stocks they hold goes up, even if they don't sell any shares. It's a concept called “unrealized gains,” and Musk is sitting on a lot of them with a net worth of roughly $300 billion

Apple hires former Tesla engineer to boost self-driving car effort: Report

Cupertino, California-based Apple has tapped Christopher Moore for its team working on a self-driving car, the report said.