Page 128 - Auto

Eicher Motors Q4 net profit up 48%, records highest-ever revenue

Company that makes Royal Enfield motorcycles plans Rs 1,000 crore capex in FY24

Electrification of Fleet: NITI sets FY31 target for Ola, Uber in green push

Ride-hailing company Uber has committed to 100% of rides taking place in zero-emission vehicles, on public transit, or with micro-mobility by 2040

Hyundai signs deal with Tamil Nadu for Rs 20,000 cr investment in EV space

To pump in the amount over 10 years, install EV charging stations in next 5 yrs

myTVS parts division on expansion spree, to add one store a day in FY24

Under Ki Mobility, two brands are functioning at present, which includes myTVS for the automobile service business and myTVS Partsmart for the parts business

Govt to start random checks on EVs after recent lapses under FAME II scheme

The checks will be conducted by the Automotive Research Association of India

MG Motor 3.0 to push for Indianisation, green tech, capacity expansion

MG entered the Indian market in September 2017 by taking charge of General Motors' old plant in Halol. The plant has acted as MG's manufacturing hub for the last four to five years

MG Motor India says will sell majority stake to Indians in 2-4 years

Carmaker owned by Chinese company SAIC Motor will raise Rs 5,000 crore through stake sale

Focusing on budget-oriented buyers, Ather to launch 450S to gain mkt share

The new electric scooter is likely to miss on features like the 7-inch TFT touchscreen and auto-hold. The feature of riding modes may also be omitted to bring costs down

EV push, pent-up demand: Why auto exports fell in April amid healthy sales?

According to experts, it may take some time for auto exports to touch 2016 peak numbers

FADA flags concerns over 2-wheeler sales by unauthorised multi-brand stores

Automobile dealers' body FADA on Tuesday said the illegal practice of unauthorised multi-brand outlets selling two-wheelers is making legitimate dealerships lose business and turn unviable

Connected vehicles market grew 60% in quarter ended March: CMR

The market for EVs in India grew 48% during the period

Overall connected vehicle technology grows 60% on year in Jan-Mar

Overall connected vehicle technology grew more than 60% (on-year) in first quarter of this year, with the electric vehicle market showing stupendous growth by 48% YoY, a report showed

FAME subsidy row: Centre to return Rs 800 cr to ex-factory price defaulters

The remaining Rs 287 crore will be released once the companies submit the details of the requirements, sources said

E2W makers gear up for scale, hope FAME will continue to fuel operations

The key to increasing volumes is to offer more products at varying price points and expand distribution and markets

Statsguru: Six charts explain road ahead for electric vehicles in India

The two-wheeler segment, which helped propel sales in 2022, was also the reason for the slowdown in April

EV sales across categories see yearly rise in April, shows FADA data

According to data, on a yearly basis, passenger vehicles saw 159 per cent increased compare to April 2022, up from 2,252 units to 5,824 units

A year into vehicle scrappage policy, car junkyards see low scrap value

The policy is, however, clear. From April 1, 2022, all vehicles of government and public sector units older than 15 years cannot ply on the roads any longer

April auto retail sales drop of 4% on decline in two-wheeler demand

Fall in passenger vehicle sales after eight months was another factor behind the overall decline

KTM India launched a more accessible 390 Adventure V with low seat variant

KTM India is set to launch its new 390 Adventure V for short riders. The height of the bike significantly dropped to 830 mm from 855 mm

Automakers to launch six new SUVs in India in next two years: Report

SUV market share in India is expected to rise from its current 43% by the end of 2024-2025 to 48%, industry estimates said