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The policy, aimed at recycling old and unfit vehicles, will give new identity to India's mobility and auto sector, Modi said in his address while virtually launching the initiative during 'Investors Summit' organised in Gandhinagar.

Eicher Motors lines up Rs 500 crore capex for FY22 but warns of chip shortages

Though it has a strong order book, Eicher's Royal Enfield division will not be able to deliver bikes in time for the festive season because of the semiconductor shortage. Other automakers, including Mahindra & Mahindra, Renault, Nissan, Ford and a third-party manufacturer for Maruti Suzuki, have also been forced to cut production due to the chip shortage.

Scrappage policy for personal cars from 2024, heavy trucks from 2023

The government needs more time to set up vehicle testing facilities and scrapyards before private cars can become eligible for incentives.

M&M’s departure from ‘no frills’ strategy in personal EV dents its market share in upcoming e-mobility space

M&M is without a regular electric passenger car as its sole EV, the eVerito, is produced only against confirmed orders, with the last one being produced in December 2020. But the company has lined up a plan to unveil a full-fledged EV portfolio in 3-5 years. The only EV space it has a serious presence in is commercial vehicles, where Mahindra is the leader with its three-wheelers

Govt-backed CESL to launch online marketplace for electric two-wheelers

The state-run company wants to be the electronic supermarket for electric two-wheelers, which it will buy in bulk from manufacturers and offer them for sale or leasing to customers

Hero MotoCorp unveils electric scooter, to make dealerships carbon neutral

Hero will become the third established two-wheeler company from India to venture into electric vehicles after Bajaj Auto and TVS Motor Company,

Elon Musk’s Tesla in India: Govt considers EV duty cuts

For imported electric vehicles (EVs) with a value of less than $40,000 - including the car's cost, insurance and freight - the government is discussing slashing the tax rate to 40 percent from 60 percent presently, the officials told Reuters.

M&M reveals new logo for SUV portfolio, ahead of XUV700 launch

Mahindra and Mahindra said the new XUV700 will be the first vehicle to wear the Twin Peaks logo, followed by other SUV products in a phased manner

Audi launches RS 5 Sportback model in India at Rs 1.04 crore

The RS 5 Sportback which is powered by a 2.9 litre V6 twin-turbo petrol engine that produces 450 hp of power and is being imported to India as completely-built units, Audi India said in a statement.

July auto retail sales grow 34%, helped by lockdown ease, low base

FADA stated that 60% dealers of PVs said that they have 2 months waiting period and about 35% dealers said that the waiting period is more than 4 months on select variants

Want to make M&M No. 1 in core SUV segment: Anand Mahindra

From being the leader, the Mumbai-based company saw a freefall in market share with the renewed entry of Hyundai, Maruti Suzuki, Tata Motors, and Kia

Does the highly-anticipated Jaguar I-Pace live-up to the hype?

Winner of over 80 global awards, including the 2019 World Car of the Year, the Jaguar I-Pace has finally arrived in India. Can it make a mark?

Waiting period to get longer, margins to come under pressure: Mahindra & Mahindra

The festive days which begin with Onam in Kerala and Ganesh Chaturthi in Maharashtra, Goa, Karnataka and Gujarat typically generate more than 40 percent of passenger vehicle demand for a year.

Bike makers roll out offers to entice buyers amid demand slowdown

The offers are aimed at reviving demand weeks ahead of the festive season even as inventories with dealers are climbing to unsettling levels.

Flex fuel and water: What a high level of ethanol means for you and your vehicle

Ethanol is being blended with petrol, per a government directive. What effect does this have on your vehicle? What about ethanol’s capacity to absorb water? For answers, read on.

Used cars demand surges amid COVID scare

The demand for used cars has risen so much that there is a supply crunch in major markets such as Maharashtra, Karnataka and Delhi-NCR.

Chip Shortage | Maruti Suzuki’s Gujarat car plant hit by semiconductor woes

Suzuki, Gujarat supplies fully built cars such as Swift and Baleno to Maruti Suzuki India

Tata Tiago NRG launched at Rs 6.57 lakh, AMT at Rs 7.09 lakh

The Tiago NRG will be available in only two variants, manual and automatic. The automatic manual transmission (AMT) variant is priced at Rs 7.09 lakh

Indian carmakers seek extra year to meet fuel efficency rules

The corporate average fuel efficiency (CAFE) rules require automakers to cut carbon emissions through the launch of electric cars or vehicles that use alternative fuels.

Honda Cars India hikes prices of City, Amaze and others by Rs 16,000

While the petrol variants of Amaze, Jazz, WR-V and City saw an increase of Rs 9,000 to Rs 16,000 some diesel versions saw a steeper hike

COVID-19 pushed back auto component industry by three years

Exports of auto components witnessed a fall of 8 percent to Rs 0.98 lakh crore in FY21 with exports to Europe declining 4 percent and North America being down by 7 percent.

Tata Motors hikes passenger vehicle prices by 0.8%

The Mumbai-based auto major, which sells models like Nexon and Harrier, will increase prices of its passenger vehicles on an average of 0.8 percent depending on the variant and model, Tata Motors said in a statement.

High GST, acquisition cost slowing down car demand, says MSI chairman R C Bhargava

Addressing shareholders in the company's Annual Report for 2020-21, R C Bhargava said after the devastating second wave of the coronavirus pandemic hitting the first quarter of FY22, the performance in the next three quarters will largely depend on how effectively people get vaccinated and observe safety protocols.

Renault commences exports of Kiger to South Africa

The company's diverse range of offerings in passenger vehicles has been consistently well-received by the people of South Africa, Renault India Operations Country CEO & Managing Director Venkatram Mamillapalle said.

ABB India ties up with Audi India to provide charging solutions for Audi e-tron, e-tron Sportback

"To ensure a premium charging customer experience, the newly launched Audi e–tron and Audi e-tron Sportback are offered with ABB's smart Terra AC wallbox charger along with the car to its customers for smart charging at home," ABB India said in a statement.

JLR commences bookings of new F-TYPE R-Dynamic Black

The new R-Dynamic Black comes with 50.8 cm five split-spoke wheels with gloss black finish. It comes in three colours: Santorini Black, Eiger Grey or Firenze Red.

Auto Expo 2022 put off over third wave fear, COVID-19 uncertainty

New dates of the Auto Expo will be finalised later this year keeping in view the coronavirus situation and global auto show calendar

Can the Ambassador get another makeover?

Since speed was never a virtue of the Ambassador, maybe an electric version of it could be considered. That would be quite appropriate actually, allowing the erstwhile King of Indian roads to wash away its many sins of the past when it merrily polluted the skies with its exhaust

TVS Motor increases FY22 capex 33% in boost for electric vehicles

TVS Motor Company plans to spend an additional Rs 200 crore this year to increase its EV production capacity and introduce new products

Toyota reports over two-fold rise in wholesales in July at 13,105 units

Toyota Kirloskar Motors wholesales in July were 49 percent up as compared with June 2021 when it had dispatched total 8,801 units.

Tata Motors looking at changes in trim mix, direct buying from stockists to deal with chip shortage

The automaker expects the situation to remain challenging in the ongoing quarter and some improvement in supplies only in the second half of the fiscal.

Tata Motors to look at fund raising for EV business, charts 25% sales from battery-powered cars

The Mumbai-based company will launch one or two electric vehicles every year to have a portfolio of 10 such vehicles before 2025.

Remain committed to zero debt target by FY24: Tata Motors Chairman N Chandrasekaran at AGM

Though Tata Motors managed to reduce its net automotive debt at the consolidated level in FY21, the same ballooned up to Rs 61,300 crore by end of Q1FY22.

Maruti Suzuki plans Rs 4,500 capex in FY22, subject to market realities

Maruti Suzuki’s sales and capex had fallen sharply in FY21 but this year, bookings for July rose 20 percent over June and company executive say the booking rate is already at 80-85 percent of the Q4FY21 peak

Benelli 502C urban cruiser launched in India at Rs 4.98 lakh

The Benelli 502C is a touring-oriented middle-weight cruiser based on the same engine platform as the Leoncino 500.

Tata Motors launches Tata Ace trim with price starting at Rs 3.99 lakh

Available in two variants, the flat bed variant is priced at Rs 3.99 lakh, while the half deck load body variant is tagged at Rs 4.10 lakh.

Kia dealers happiest, Honda most dissatisfied: Dealer survey

Kia India topped the four-wheeler mass market segment ranking with a score of 879 while Honda Cars trailed at the tenth spot with a score of 562.

Tata Tiago NRG 2021 launch next week: What to expect from new toughed up Tiago

The Tata Tiago NRG did make a brief appearance back in 2018 but was soon removed after the facelifted Tiago showed up. This little crossover is now all set to make its comeback in an all-new guise. Tata Motors has released a teaser image giving us a very tiny view into what we can expect.

Tesla Duty Cut Row: Venu Srinivasan, Rajiv Bajaj, RC Bhargava weigh in on EV sops

Auto industry split down the middle on issue of duty cuts on fully built foreign cars

Bajaj Auto to refocus on Qute quadricycle, revive partnership with Uber

After the successful pilot project in Bengaluru in collaboration with Uber, Bajaj Auto plans to revive the initiative in the city and expand to other metros such as Hyderabad. The company expects sales of Qute, India’s first quadricycle, to commence in Q4 FY22

Tata Motors plans to hike passenger vehicle prices from next week

The Mumbai-based auto major sells a range of passenger vehicles like Tiago, Nexon, Harrier and Safari in the domestic market.

Auto firms mull another price hike as soaring input costs erode margins

Automobile makers are under pressure as steel has risen 50 percent in nine months and other costs are also soaring, although companies had earlier expected raw material costs to soften

Tesla quarterly profits top $1 billion for 1st time

Record deliveries of electric cars during the period allowed Elon Musk's company to garner earnings of $1.1 billion in the quarter, up from $104 million in the year-ago period as revenues nearly doubled to $12.0 billion.

Bajaj Auto, KTM promoter finalise share swap deal

Bajaj will contribute BAIHBV’s 46.5 percent stake in KTM AG to Pierer Mobility AG.

Tata Nexon EV demand now on par with diesel variant of the SUV

The Nexon EV saw its highest quarterly sales at 1,715 units in the April-June quarter on the back of an unabated rise in prices of diesel and petrol

COVID-19 pandemic causes 6-9 months delay in Bajaj-Triumph bike rollout; prototypes ready

The motorcycles that will be sold under the Triumph brand could start below Rs 2 lakh. The current entry price of the Triumph brand is Rs 7 lakh. This is the first time in its 118-year history that Triumph is collaborating with another company.

Leveraging consumer insights to develop a complete range of premium electric bikes: Eicher

"The EV segment is gaining momentum with positive policy action. With an eye on the future, we are strategically working on developing our future EV products, while we continue to work on our internal combustion engine offerings," Eicher Motors Managing Director Siddhartha Lal said

This week in Auto: Suzuki to launch EV in 2025, Bajaj to launch new company for EVs, Mahindra recall SUVs and more

Here is a complete round up of all the big news of the automotive space this week

Maruti Suzuki Nexa network completes 6 years with cumulative sales of 14 lakh units

With the first showroom in 2015, Nexa has touched the imagination of young and aspirational customers and the testimony to this is that nearly half of the customers are under 35 years of age, the auto major said. Nexa has attracted first time buyers, which makes up to nearly 70 percent of its total sales, it added.

What Merc going all-electric means for EVs and India

The brand is ready to go all-electric in most markets by 2030. Is India likely to be one of them?