Page 42 - Auto
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")
Audi India bets on EVs for growth in India as supply chain issues ease
In a recent discussion, the company confirmed that while supply chain disruptions previously affected availability, the situation has now stabilised
 "Audi India bets on EVs for growth in India as supply chain issues ease")
Rapido to launch 'pink' bikes in Karnataka, creating 25,000 jobs for women
Ride-hailing service provider Rapido is set to roll out its new fleet of 'Pink Rapido' bikes in Karnataka -- all driven by women, for women -- by the end of this year.
 "Rapido to launch 'pink' bikes in Karnataka, creating 25,000 jobs for women")
Tata.ev plans to double India's EV charge points to 400,000 by 2027
Already charger utilisation levels have increased in India with the growing population of EVs
 "Tata.ev plans to double India's EV charge points to 400,000 by 2027")
Auto exports jump 40% in Jan; domestic dispatches in PVs, 2Ws remain flat
On the export front, car exports saw nearly a 13 per cent drop year-on-year (Y-o-Y), while utility vehicle (UV) exports went up by around 61.5 per cent in January
 "Auto exports jump 40% in Jan; domestic dispatches in PVs, 2Ws remain flat")
India's EV makers: Here's how they are expanding their charging networks
Government-owned fuel retailers Indian Oil, Bharat Petroleum and Hindustan Petroleum have together installed one of India's largest EV charging networks across at least 18,000 locations
 "India's EV makers: Here's how they are expanding their charging networks")
Here're carmakers embroiled in $6 billion of tax disputes in India
Income tax and excise disputes make up the bulk of $694 million worth of demands faced by SUV-maker Mahindra & Mahindra
 "Here're carmakers embroiled in $6 billion of tax disputes in India")
Volkswagen's $1.4 bn India tax dispute revives foreign investor worries
Now, Volkswagen's move on January 29 to sue India for $1.4 billion in tax that the firm called "impossibly enormous" is making foreign companies jittery
 "Volkswagen's $1.4 bn India tax dispute revives foreign investor worries")