Page 46 - Auto

More than 40 new product launches expected at upcoming auto expo, says govt

Statiq will be displaying its newly launched compact, quick, and convenient charging solution for electric vehicles at the Bharat Mobility Show 2025

MHI backs SIAM proposal for reducing GST on CNG-powered two wheelers

Ministry of Petroleum and Natural Gas (MoPNG) along with other key ministries also endorse the proposal

Auto sales rose 9% in 2024 on strong demand for two-wheelers: Fada

Two-wheeler growth was driven by better supply, new models, and strong rural demand, though finance constraints and rising EV competition posed challenges

Battery swapping currently unviable: Electric two-wheeler executives

Battery swapping will only increase the cost for a consumer to run the vehicle, say e2W players

Tata Punch tops 2024 sales charts; ends Maruti Suzuki's 40-year reign

Three of the top five best-selling cars in 2024 were SUVs.

Govt to switch on massive subsidy to supercharge EV infrastructure

Subsidy to support 72,300 fast charging stations across the country

Auto component companies focus on new markets, products as growth slows

According to a recent CRISIL report, while replacement demand will provide some support, export growth is expected to taper compared to the previous year

Rail freight hits fast track in India's auto industry, shows data

According to data available with BS, the number of rakes handled by Railways for the automotive sector between April, December of FY25 stood at 5,651 units, up from 5,198 rakes in FY24

Tender bottlenecks apply brakes on India's electric bus transition

E-bus penetration witnesses minuscule increase last year despite subsidies

No fresh subsidy required for India's EV ecosystem, says Piyush Goyal

"India's electric mobility segment is ready and set to fly. There is no need for new incentives as the existing ones are sufficient to kick-start the ecosystem," Goyal said during a press event

Creta drives Hyundai to record sales with a stellar performance in 2024

The new-gen Hyundai Creta crossed 100,000 unit sales within six months in 2024, with annual sales of 186,919 units. The SUV accounted for 31 per cent of the brand's overall sales during the year

EV firms agree to end subsidy after current benefits end: Piyush Goyal

The ministry also suggested the industry body of the sector to run a campaign to increase awareness about benefits of EVs

Hyundai Creta Electric: Check features, price, design, more ahead of launch

Hyundai India has unveiled the Creta Electric SUV ahead of Jan 17 launch at the Bharat Mobility Global Expo 2025. This will available in 4 variants; Executive, Smart, Premium and Excellence

Tata Motors, M&M to get incentives worth Rs 246 crore under PLI scheme

The budgetary allocation for this scheme is Rs 25,938 crore

Two-wheeler sales a mixed bag in December, stay on growth path in 2024

Manufacturers like Royal Enfield, Suzuki saw double-digit rise in sales last month

Tesla records 1.1% sales drop for 2024, first annual decline in 9 years

The annual decline for the Austin, Texas, company came despite offers such as 0 per cent financing, free charging and low-priced leases

In Norway, nine out of ten new cars sold in 2024 were fully electric

Fully electric vehicles accounted for 88.9% of new cars sold in 2024, up from 82.4% in 2023, data from the Norwegian Road Federation (OFV) showed

Chinese EV makers extend buying incentives as price war enters 3rd year

Li Auto announced on Thursday cash subsidies of 15,000 yuan ($2,055) per car purchase as well as a three-year zero-interest financing scheme

Govt clears PLI incentive of Rs 246 cr sought by M&M, Tata Motors

According to sources, Tata Motors submitted an incentive claim of approximately Rs 142.13 crore based on determined sales in FY 2023-24

Auto sales shake off pandemic blues, hit record high of 26.1 mn units

Shailesh Chandra, managing director of Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility, said the industry remains "optimistic" about PV growth in the new calendar year