Page 132 - Auto

Interest rate hikes, global inflationary pressures may impact demand: JLR

The company is working to offset inflationary trends and other issues like high energy prices through profitability improvement actions

Govt not to impose import duty on cars brought in for testing: Minister

Cut in import duty from 252% to zero will put India in global business of car testing, says Mahendra Nath Pandey, minister of heavy industries

Maharashtra tops list of states buying EVs through FAME scheme

In electric four wheelers, including cars, Delhi came top

Hyundai Motor India's rural sales cross 100,000-mark in 2022

Hyundai Motor India on Friday said its sales in the rural areas crossed one lakh-mark last year

Automobile exports record growth of 35.9% from 2020-21 to 2021-22

The Vehicle exports have witnessed an impressive growth during 2021-22. Export of the total number of automobiles increased from 41,34,047 in 2020-21 to 56,17,246 in 2021-22

Car-sharing firm Getaround lays off 10% of workforce with immediate effect

The US-based car-sharing company Getaround has announced laying off about 10 per cent of its workforce with immediate effect

Duty hike won't apply brakes on luxury car demand, say automakers

For mass segment cars priced above Rs 35 lakh, move can lead to more localisation

Steady demand pushes domestic PV sales up 17.4% in Jan despite price hikes

The auto industry sold 346,000 units this January, compared to 295,000 a year ago

Union Budget 2023 gives EVs a big charge; boosts vehicle scrappage

Centre and states to provide 25% tax rebate on road tax for vehicles purchased to replace scrapped ones

Budget 2023-24: Hospitality will benefit, says Massive Restaurants' Kalra

Zorawar Kalra, Founder & MD, Massive Restaurants, talks about Union Budge 2023

Tata Motors posts 6.4% growth in total vehicle sales at 81,069 units in Jan

In the year-ago period, the company's total vehicle sales stood at 76,210 units

MG Motor India reports 4% fall in vehicle sales at 4,114 units in January

The company had retailed 4,306 vehicles in January 2022, MG Motor India said in a statement

Two-wheeler electric vehicle sales in India to reach 22 mn by 2030: Report

As the electric vehicle (EV) adoption grows in India, the electric two-wheeler sales volume in the country is likely to reach 22 million by 2030, a report showed on Wednesday

BMW evaluates more battery electric vehicles for India amid growing demand

BMW, along with rival Mercedes, is looking to capitalize on this demand at a time when Tesla has decided to stay out because of high import taxes on EVs

Electric two-wheeler sales to reach around 22 million by 2030: Report

It noted that though the electrification of mobility in India is still at a nascent stage, there is a massive headroom for growth

Finance costs, global demand near-term hurdles for auto sector: Eco Survey

Among structural issues, increase in long-term third-party vehicle insurance premiums has spiked total upfront insurance cost by 10-11%, especially for two-wheelers

Eye on untapped market, nine e-bikes to turn up the heat in 2023

The new launches will be from the two significant companies already selling e-motorcycles -- Revolt Motor, the largest in this segment, and Tork Motor - as well as from others

Hero MotoCorp puts scooter play in higher gear with Xoom

Sporty-looking vehicle will come in three variants, prices start Rs 68,599

Auto parts sourcing start-up CapGrid raises $7 mn in series A from Nexus

Existing investors Axilor, Anicut Capital and Deepak Jain, partner at Bain & Co also participated; funds to be used to deepen firm's tech infra, hire talent, scale up cloud mfg with supply partners

Automakers Renault and Nissan make cross-shareholdings equal at 15%

Voting rights would be neutralized for most decisions, the two companies said in a statement on Monday