Page 45 - Auto

Passenger vehicle dispatches hit record 4.3 million units in 2024

Sales grew 11.4% in December as several OEMs continued with their festive discounts

Tata Motors, Hyundai launch new variants of old cars in Jan to boost sales

The footfall only picks up in the second half of January after festivals like Makar Sankranti and Pongal

Automobile dispatches grow 12% in 2024 driven by consumer sentiment: Siam

However, commercial vehicles posted a slight dip of 3 per cent in 2024 compared to the preceding year, posting sales of 9.5 lakh units, though signs of growth are visible in Q3 of 2024-25

Hyundai India's slow EV ramp-up hurts its decarbonisation plan: Greenpeace

Hyundai and Kia saw their per-vehicle tailpipe emissions drop in their major markets of Europe and South Korea between 2018 and 2023

Hyundai Motor India expects passenger EV market to double in 2 years

Hyundai India's Chief Operating Officer Tarun Garg says an improving ecosystem may help passenger EV penetration touch 17 per cent by 2030 from the current 2.4 per cent

Luxury electric vehicle retail sales in 2024 clock 6.7% growth: Fada

Top luxury OEMs together sold 2,809 EVs in 2024, against 2,633 units in 2023

Motorcycle diaries: Hero Splendor reigns supreme, siblings lose ground

Currently, the Splendor Plus lineup has seven versions, while Deluxe has five, and Passion has just one version in the 100 CC segment

Tesla recalls around 239,000 vehicles over rear-view camera issue

Tesla said it was investigating to determine whether any affected vehicles have experienced stress that could result in a shorting failure

Rupee volatility likely to drive imported luxury car prices off course

Luxury car sales touched 51K units for first time in 2024

Volatile currency: Fall in rupee win some, lose some for auto industry

While exporters benefit, import-dependent firms expected to struggle

Surpassed Japan, now aim is to become no 1 in auto segment: Gadkari

Gadkari said that when he took charge of the minister, the size of the industry was Rs 7.5 trillion and today its size is Rs 22 trillion

Tata Motors Group reports 1% growth in Q3 FY25 global wholesales

Global wholesales of Tata Motors' commercial vehicles, including the Tata Daewoo range, reached 97,535 units, reflecting a decline of 1 per cent compared to Q3 FY24

China's auto exports may be slow in 2025, EV shipments to face zero growth

The outstanding growth in China in a largely stalling global EV landscape bode well for local leaders such as BYD , Geely and Xiaomi

Lessons learned from the pandemic: M&M chip-ready for BE 6, XEV 9e EVs

The move comes in the aftermath of the pandemic that exposed vulnerabilities in the global supply chains, including India's semiconductor sector

Three-wheeler exports rebound in 2024 despite global economic challenges

This positive trend comes after consecutive years of decline, with exports falling by 26 per cent in FY23 and 17 per cent in FY24

Budget 2025: IESA asks govt to tax all new tech batteries at 5% GST

There is a disparity in the tax structure of batteries, GST for lithium-ion batteries is 18%, but other chemistries, like lead acid, sodium, and flow batteries and others, are at 28%

Numeros Motors to launch electric two wheeler in Bharat Mobility Expo

Engineered to redefine clean mobility, the platform is available in three variants: Diplos Max, Diplos Pro and Diplos I-Pro

BluSmart expands its all-electric ride-hailing services to Mumbai

The service initially covers key areas such as Goregaon, Bandra, and the Bandra Kurla Complex (BKC), with plans for further citywide expansion

M&M aims to sell 5,000 units of new electric vehicle models per month

Pricing the new variants aggressively at Rs 26.9 lakh (BE6) and Rs 30.5 lakh (XEV 9e), the company compared them with global EVs such as Tesla, BMW, and others

Auto retail sales dip 12% in December despite a good show in CY 2024

Sales of two wheelers dipped by 18 per cent, passenger vehicles by 2 per cent and commercial vehicles (CV) by 5.2 per cent