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Automobile dealership industry has been witnessing several headwinds in the recent past, including subdued demand for two-wheelers (2W), supply constraints impacting growth of passenger vehicle (PV) sales, and high base effect limiting the growth in tractors segment.
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Customers can book the new Honda City e:HEV at dealerships across the country with a booking amount of Rs 21,000 or online through the company's website with an amount of Rs 5,000, HCIL said in a statement.
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The Tesla CEO’s track record proves he’s a pre-eminent builder of businesses and maximizer of shareholder value
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If the parties agree on the JV, the mass production of the bikes will take place at LML’s facilities in India.
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Locally produced at BMW Group plant in Chennai, the new exclusive edition comes in both petrol and diesel engine options.
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The model comes with a 1.5 litre petrol engine paired with both manual and automatic transmissions.
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The adventure sports tourer will be available as a completely built-up unit (CBU) and can be booked at BMW Motorrad dealerships, the company said in a statement.
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The price revision is the result of a continuous increase in prices of key commodities such as steel, aluminium, palladium, etc, auto major said in a statement.
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The new C-Class will be launched on May 10. An exclusive booking window, only for the existing customers of Mercedes-Benz, is open from April 13-30 and booking for other prospective buyers will open from May 1 onwards, the company said.
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Passenger vehicle (PV) dispatches from factories to dealerships in March 2021 stood at 2,90,939 units.
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Vehicles are rated from zero to five based on their safety features and automobiles with a higher rating considered safer for occupants.
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India's increasing numbers of "dollar millionaires" include young entrepreneurs or high-earning professionals who appreciate the luxury element and technology of the cars, said Martin Schwenk, chief executive of Mercedes-Benz India.
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The partnership will harness CSC Grameen’s digital platform to facilitate Mahindra vehicle enquiries and real time online lead transfer to M&M from deep rural pockets, the company said in a statement.
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The opportunity includes potential revenue of about Rs 1.5-lakh crore across vehicle segments for original equipment manufacturers (OEMs) and around Rs 90,000 crore in the form of disbursements for vehicle financiers, with shared mobility and insurance accounting for the balance, as per the analysis.
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The 11 cities are Delhi NCR, Mumbai, Pune, Surat, Ahmedabad, Bengaluru, Hyderabad, Chennai, Coimbatore, Calicut, and Thrissur, Mercedes-Benz India (MBI) said.
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YZF-R15M 60th Anniversary Edition is inspired by the World GP YZR-M1 and marks Yamaha’s association with the premier series of motorcycle road racing since 1961, India Yamaha Motor (IYM) Pvt Ltd said in a statement.
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The company, which is expanding the annual production capacity of its current plant at Halol in Gujarat to 1.25 lakh units by 2023, is looking to add another 1.75 lakh units capacity from the second plant and take its overall capacity to 3 lakh units a year in the next two years.
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The Mumbai-based automaker, which led the passenger electric vehicle space in the domestic market in last fiscal year, has been receiving an average of 5,500-6,000 bookings in the past two months for its EV range.
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The automaker said it has increased customer touchpoints from 25 in 2019 to 51 in 2022 across North India, which translates to a growth of 104 per cent over the last two years.
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EV solutions company Magenta in association with Euler Motors is planning to deploy 1,000 e-cargo three-wheelers in cities such as Bengaluru, Hyderabad and Chennai in coming months.
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Nissan is working with NASA on a new type of battery for electric vehicles that promises to charge quicker and be lighter yet safe, the Japanese automaker said Friday.
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New Delhi, Apr 7 Tata Motors on Thursday said it has bagged an order for 1,300 commercial vehicles from VRL Logistics. The order comprise..
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In a routine inspection, the country’s largest carmaker found that in some units of Eeco, manufactured between July 19, 2021 and October 5, 2021, the wheel rim size was incorrectly marked, the company said in a regulatory filing.
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Tata Motors has unveiled all-new electric vehicle concept – CURVV – in India on April 6. The CURVV concept introduces a dynamic and modern SUV typology with a futuristic design and "exhilarating performance".
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As the EV penetration is expected to increase in the two and three wheeler as well as bus segments, the expansion of charging infrastructure which is currently at a nascent stage will play a critical role, domestic credit ratings agency ICRA said in its report.
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As part of the association, Hero Electric will convert around 25 per cent of Shadowfax’s 100,000-strong delivery fleet into electric vehicles (EVs) with its NYX HX e-scooters across delivery centres, a release said on Wednesday.
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The Bengaluru-based energy startup had launched its first e-scooter Simple One mid-August last year.
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The company has planned to increase the prices in April and the hike will vary for different models.
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The move is aimed at promoting the use of electric vehicles and also to incentivise EV charging at public stations, authorities said.
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A memorandum of understanding has been signed between the two parties under which EV charging stations will be installed at eight delivered projects of Signature Global with the help of EVRE, as a first step, the two companies said in a joint statement.
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RNTBCI will partner with some of the most innovative automotive startups scouted by T-Hub through the challenge.
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According to officials, the Electric Vehicles currently available in the market do not take into account the different climatic conditions in India, and the drive cycles developed are not focused on rural and urban drive-cycles.
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Through the initiative, the company and CSC aim to increase accessibility in remote regions and provide rural customers an opportunity to book Renault cars within their locality with ease and convenience, the automaker said in a statement.
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The vehicles are now on display at showrooms and have been made available for test drives across the dealer network by Sipradi Trading, the auto major said.
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Launched earlier this year, the Hilux is aimed to fulfil the needs of the customers seeking a lifestyle utility vehicle that is best suited for off-roading adventure drives on tough terrains, and everyday city use.
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For 2021-22, the revenue growth of the industry is pegged at 13-15 per cent, driven by domestic OEM, replacement, export volumes and pass-through of commodity prices.
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In addition, the Tata Motors-owned automaker will reduce average vehicle emissions across its value chains by 54 per cent, including a 60 per cent reduction throughout the use phase of its vehicles.
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The price of nickel, which is used to make stainless steel and is a key material for electric vehicle batteries, had been rising steadily even before the conflict in Ukraine drove prices up even further and triggered chaos at the London Metal Exchange in early March.
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The model has been instrumental in driving India to be among Renault’s top five global markets, as per the company.
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Tata Power, one of India’s largest electric vehicle charging solutions providers, has collaborated with real estate developer Rustomjee Group to provide end-to-end EV charging solutions across all its residential and commercial projects in Mumbai Metropolitan Region (MMR), the statement said.
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The experts will travel to Vellore and Pune to probe whether structural or external factors have caused the fire in the electric two-wheelers.
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The Avenis s trying to be sporty (but isn’t), and is a very refined, practical and fuel-efficient scooter. But that makes it no different from the Access.
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Countering the criticism from the proxy advisory firm, Bhargava noted that all models produced at Suzuki Motor Gujarat (SMG), including EVs, would be ultimately sold by Maruti Suzuki India (MSI) in the marketplace.
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The MR ePay will provide an end-to-end online auto finance journey with almost instant approvals while offering seamless, customised, and instant financing solutions from a consortium of leading banks, the company said in a statement.
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The collaboration will allow Ather Energy customers to avail instant loans from the two private lenders at low-interest rates and with a maximum LTV (Loan-to-value), a release said.
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MBSI provides services to tech startups that focus on the shared mobility space in the country.
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Quiklyz provides both electric three-wheeler and four-wheeler vehicles across OEMs, including Mahindra, Tata Motors, Piaggio, Mercedes-Benz, among others.
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Urging MPs to adopt hydrogen technologies for transport, Nitin Gadkari asked them to take initiative in their respective districts for converting sewage water to produce green hydrogen.
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Tata Motors cited the increase in commodity prices and higher costs of other raw materials as reasons for the hike
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