Page 24 - Auto

Used luxury car sales jump 30% in tier 2 cities; 80% buys now digital

According to Spinny's April-June quarter report, Audi Q3, BMW X1, and Mercedes GLA were the top luxury models sold

Maruti Fronx tops SUV exports in FY25, clocks 100,000 units in 25 months

Fronx drives Maruti Suzuki's record FY25 exports with 69,000 units shipped globally, becoming the fastest SUV to cross 100,000 units in overseas sales

EV startup MATTER launches ₹1.93 lakh Aera 5000+ e-bike, eyes IPO

Ahmedabad-based MATTER aims to disrupt the 150-200cc bike segment with its Aera 5000+, backed by global investors and planning a $200 million fundraising and public listing

EV maker Ola opposes auto firms' plea to reduce duty on traction motors

Ola has also made it clear that they are not in favour of any change in the domestic value addition norms of PLI as well as the phased manufacturing program as requested by many auto companies

Renault eyes full capacity at Chennai plant, no new partner planned

In a major product launch from Renault in five years, the company on Wednesday launched a next-generation Triber priced attractively between ₹6.2 lakh and ₹8.4 lakh

Price cap, certificate crunch stall Centre's electric truck drive

The scheme mandates that a buyer scrap an old vehicle to get a certificate of deposit (CD), which must then be used to claim the incentive on a new electric truck of the same or lower weight

Ola Electric, TVS charge up plans to beat rare-earth magnet crunch

Ferrite magnets are now globally considered a viable and cost-effective option due to their easy availability instead of rare-earth materials like neodymium, making it an affordable option

Renault to launch all-new models with updated logo, starting with Triber

Renault India will feature its updated interlocked diamond logo on future models, beginning with the launch of the all-new Triber, as part of its ongoing brand transformation

Maruti Suzuki plans 500 new service touchpoints in FY26: MD & CEO

Maruti Suzuki plans to add 500 new service touchpoints in FY26, with 91 already established. The expansion aims to strengthen its post-sales infrastructure across India

Local ABS suppliers lack sufficient capacity: HMSI's Yogesh Mathur

Two-wheeler demand likely to remain tepid until festival season, says HMSI

Tesla's entry into India to bring innovation in EV insurance space

Tesla's entry into India will drive innovation in the EV insurance market, prompting insurers to rethink product offerings and embrace technology-driven solutions

VinFast India gets EV orders from Nepal, Sri Lanka, West Asia, and Africa

Thoothukudi facility likely to be inaugurated by month-end

Automobile exports rise 22% in Apr-June on record shipment of PVs: SIAM

Total exports across segments rose to 1,457,461 units in the first quarter as compared to 1,192,566 units in April-June quarter of last financial year

What are zero-mileage used cars & why is China planning to ban their sale?

China plans to ban resale of cars within six months of registration to curb the growing sale of zero-mileage used cars, which distort sales data, affect buyers, and allow misuse of subsidies

EV giant Tesla's India entry may have more symbolic than strategic value

Many see Tesla's India entry as an attempt to address the capacity glut at its global plants, from where excess inventory might be brought to India

Govt starts work on Auto Mission Plan to make India global industry leader

Sub-committees for AMP 2047 have held a meeting to outline objectives and framework and targets for sectoral growth, exports and industry advancement

Tata Motors-owned Jaguar Land Rover to cut several managerial roles in UK

The UK-based car manufacturer welcomed the recent trade deal that eases some pressure on its automotive exports to the American market

Electric car sales penetration to cross 7% by FY28: CareEdge Advisory

India's electric car ecosystem has witnessed significant momentum over the past three years, growing from just over 5,000 units in FY21 to more than 1.07 lakh units in FY25, it said

India's auto sales flat in Q1 FY26; UVs, exports shine amid weak demand

India's auto sector began FY26 on a mixed note as UV sales and exports grew, but overall demand stayed soft. Two-wheelers and cars saw declines, while three-wheelers hit record Q1 sales

Tesla rolls out Model Y in India, costlier than US, China and Germany

Tesla opens bookings for Model Y in India at up to ₹67.89 lakh due to high import duties, with first deliveries expected later in 2025 from Shanghai plant