Page 40 - Auto
Nissan Motor India total sales up 44.76% at 8,567 units in February
In February 2025, domestic sales accounted for 2,328 units, down from 2,755 units in the same month last year
 "Nissan Motor India total sales up 44.76% at 8,567 units in February")
Luxury cars, electric vehicles hit fast lane in the South as demand rises
In 2024 alone, South India saw the highest rise in sales in the luxury segment, with Tamil Nadu reportedly registering a 19.3 per cent increase in premium car registrations from 2022-23
 "Luxury cars, electric vehicles hit fast lane in the South as demand rises")
Kia, JSW MG Motor Feb sales up 23.8%, 16.3%, Tata Motors sees 8% dip
Tata Motors on Saturday reported an 8 per cent year-on-year decline in its domestic and international sales at 79,344 units in February
 "Kia, JSW MG Motor Feb sales up 23.8%, 16.3%, Tata Motors sees 8% dip")
Ola Electric sells 25,000 units in February, retains 28% market share
The electric vehicle (EV) maker said this was backed by a strong S1 portfolio and a sales-and-service network of 4,000 stores across the country
 "Ola Electric sells 25,000 units in February, retains 28% market share")
Domestic passenger vehicle sales expected to grow 4-7% in FY26: Icra
Healthy retails have helped moderate dealer inventory holding in the past few months. Nonetheless the inventory continues to be moderately high, it added
 "Domestic passenger vehicle sales expected to grow 4-7% in FY26: Icra")
Tesla must price India models competitively as buzz around entry grows
Tesla has also ended its true low-cost Model 2 efforts a year ago, shifting its focus to robotaxi and robotics plans
 "Tesla must price India models competitively as buzz around entry grows")
Creditors greenlight two-wheeler maker KTM AG debt restructuring plan
KTM AG filed for court restructuring proceedings with self-administration on November 29, 2024
 "Creditors greenlight two-wheeler maker KTM AG debt restructuring plan")
Delinquencies in 2W segment rise substantially in September: CRIF Highmark
Delinquency in the 31-90 DPD category increased to 4 per cent in September 2024, up from 3.3 per cent in September 2023
 "Delinquencies in 2W segment rise substantially in September: CRIF Highmark")
Tesla entry not a major threat to electric vehicle OEMs, says CLSA
Even if Tesla launches a BEV at $25,000, CLSA feels that features and specifications would be 'meaningfully compromised' compared to its traditional models
 "Tesla entry not a major threat to electric vehicle OEMs, says CLSA")
Govt calls for Siam proposals to rev up electric car adoption in India
EV sales growth in India slowed in 2024. About 99,165 electric cars were sold last year, marking a 20 per cent year-on-year (Y-o-Y) increase, according to the FADA
 "Govt calls for Siam proposals to rev up electric car adoption in India")
Rs 69K cr capital expenditure to fuel Suzuki's India growth engine
MSIL expects its domestic passenger vehicle (PV) sales to grow from 1.79 million units in 2023-24 (FY24) to 2.54 million units by 2030-31 (FY31)
 "Rs 69K cr capital expenditure to fuel Suzuki's India growth engine")
Automotive component industry likely to grow 8-10% in FY26, says ICRA
Credit rating agency ICRA forecasts that this growth will be driven by strong export performance, increasing localisation of electric vehicle (EV) components, and rising demand in the aftermarket
 "Automotive component industry likely to grow 8-10% in FY26, says ICRA")
Number of operational EVs in India likely to cross 28 mn mark in 2030: IESA
India continues to make significant and sustained inroads in its decarbonization journey, with rapid increase in sales of EVs, supported by demand and supply incentives
 "Number of operational EVs in India likely to cross 28 mn mark in 2030: IESA")
Can Tesla's entry supercharge India's ailing EV charging infrastructure?
India's EV charging infrastructure, while expanding, remains in its infancy. Tesla's entry into India might just be the spark needed
 "Can Tesla's entry supercharge India's ailing EV charging infrastructure?")
Major auto component firms to invest up to Rs 30K cr next fiscal: ICRA
The sector is also expected to invest in capacity enhancements and upcoming regulatory changes
 "Major auto component firms to invest up to Rs 30K cr next fiscal: ICRA")
Car firms likely to witness sales growth crawling at 1-2% in FY26
Two-wheeler industry's volume growth expected to be in 8-10 pc in FY26
 "Car firms likely to witness sales growth crawling at 1-2% in FY26")
Govt mulls including charging infrastructure in EV investment mandate
The policy, announced in March last year, was widely seen as an attempt to woo Tesla
 "Govt mulls including charging infrastructure in EV investment mandate")
Tesla likely to enter India with Model 3 & Model Y; check price and specs
In its initial phase, Tesla is likely to introduce the Model 3 and Model Y in India. However, both models are currently priced way above $25,000 in international markets
 "Tesla likely to enter India with Model 3 & Model Y; check price and specs")
Tesla exploring Maharashtra for EV plant, may seek collab with Tata Motors
Tesla has advertised job openings on LinkedIn for 13 positions across vehicle service, sales, customer support, operations, and business development
 "Tesla exploring Maharashtra for EV plant, may seek collab with Tata Motors")
After GM backs out, Toyota aids LG battery plant with $1.5 billion order
GM said in December it would sell its $1 billion stake in the Lansing, Michigan, plant, leaving LG scrambling to find new customers
 "After GM backs out, Toyota aids LG battery plant with $1.5 billion order")