WebinarsNew
Deep DiveNew
Explore Business Standard
Auto Industry
Maruti Suzuki India on Thursday said it will challenge an order of the District Consumer Disputes Redressal Commission, Raipur, that directed the company to replace a customer's vehicle with a new E20 compatible vehicle, citing fuel contamination. The car in the case was an E20-compatible car, fully equipped to handle E20 fuel, and there is evidence of contamination in the fuel collected from the customer's vehicle, Maruti Suzuki India said in a statement. "We have learnt of an order by the District Consumer Disputes Redressal Commission, Raipur, wherein Maruti Suzuki has been directed to replace the customer's vehicle with a new E20-compatible vehicle," it said. The car in this case was an E20 compatible car, fully equipped to handle E20 fuel and so disclosed in the owner's manual, it added. "There is evidence of contamination in the fuel collected from the customer's vehicle. Several other relevant facts have also not been reflected in the order," the company asserted. The state
The Ministry of Power on Thursday released Draft Corporate Average Fuel Economy 2027 Norms (CAFE-III) and sought suggestions from stakeholders. The new norms, which aim to progressively reduce vehicle emissions, will replace the existing CAFE-II norms that are likely to come to an end on March 31, 2027. The norms are proposed to be applicable to M1 category passenger vehicles manufactured or imported for sale in India during 2027-28 to 2031-32, the ministry said in a statement. Passenger vehicles that have up to eight seats, in addition to the driver's, fall in the M1 category. The ministry said stakeholders and the public can mail their suggestions and feedback or send them to the under secretary, energy conservation. The last date for receipt of suggestions and feedback is August 6, 2026. The draft norms shall also be uploaded on the websites of the Ministry of Power and the Bureau of Energy Efficiency shortly, the ministry said. According to an official, compliance to the pro
India's automotive sector recorded its lowest quarterly deals transaction volumes in three years at a total of USD 717 million in Q2 2026, according to Grant Thornton Bharat's latest Automotive Dealtracker. In Q2 2026 deal values remained largely strong despite transaction volumes falling to their lowest quarterly level since Q2 2023, Grant Thornton Bharat said in a statement. India's automotive sector recorded 20 overall deals worth USD 717 million in Q2 2026, it added. Overall deal values declined marginally by 4 per cent quarter-on-quarter, as capital remained concentrated in a few high-value transactions across mobility platforms, automotive technology and public market fundraises, it added. "While deal activity slowed during the quarter, investment remained focused on businesses driving the future of mobility," Grant Thornton Bharat Partner and Auto & EV Industry Leader, Saket Mehra said. He further said ,"We are seeing continued interest in EVs, mobility platforms and ...
Volkswagen's CEO indicated in comments published Sunday that he's trying to avoid closing plants as he seeks to turn around the automaker's performance. The Wolfsburg, Germany-based company faces pressure to cut costs at home and increasingly intense competition in the lucrative Chinese market, in particular. Last week, Volkswagen said its "fundamental realignment" over the past three years had reached its next phase, announcing plans to streamline the model lineup by up to half. It didn't provide specifics, and questions remain over how else it will cut costs. There has been renewed speculation about the future of several plants in Germany. "There are more intelligent solutions than closing plants," CEO Oliver Blume told the Bild am Sonntag newspaper. He added that a cost-cutting program in Germany already is producing effects. "We were able to improve our factory costs in Germany by an average 20 per cent last year alone," he said, describing that as "strong progress." Blume ar
Union Minister Nitin Gadkari on Saturday called for deeper cooperation among BRICS nations to build transport systems that are sustainable, resilient, inclusive and future-ready, stating that the grouping's collective strength presents a unique opportunity to shape the future of global mobility through innovation, partnership and shared responsibility. The Union Minister for Road Transport and Highways was addressing the 3rd BRICS Transport Ministers' Meeting being held in Nagpur under India's BRICS Chairship. Welcoming transport ministers, delegation heads and senior officials from the member countries, Gadkari said the meeting is a significant step towards strengthening transport cooperation among emerging economies. India's BRICS Chairship, guided by the theme 'Building for Resilience, Innovation, Cooperation and Sustainability', reflects a people centric, humanity-first approach inspired by the timeless philosophy of 'Vasudhaiva Kutumbakam' or the 'world is one family', he ...
JSW MG Motor India and used-car platform Spinny on Monday announced a partnership to strengthen the pre-owned electric vehicle ecosystem in the country. The partnership will aim to address several important factors, such as battery health, resale value, vehicle quality and long-term ownership assurance, that influence purchase decisions, particularly in the pre-owned market, said a joint statement. As electric mobility continues to gain momentum in India, building a strong and trusted pre-owned ecosystem will be critical to accelerating adoption, JSW MG Motor India Chief Commercial Officer Vinay Raina said. "Our partnership with Spinny enables us to extend confidence across the ownership lifecycle while making electric mobility more accessible, transparent, and rewarding for customers," he added. Spinny Founder & CEO Niraj Singh said, "Through our partnerships, we are working to address some of the most important barriers to EV adoption, from battery health transparency and resale