Page 48 - Auto

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

Domestic PV wholesales increase by 11% in December to 320,000 units

In the calendar year 2024 (CY24), domestic PV wholesales of the industry stood at 4.3 million units, recording a Y-o-Y growth of about 4.7 per cent

Maharashtra sees 12.32% rise in new vehicle registrations in 2024

Overall, 2.879 million vehicles were registered, including 2.050 million two-wheelers and around 450,000 cars, a 12.32 per cent jump from 2.563 million vehicles registered in 2023

Automakers' stocks drive share market higher in first session of 2025

Shares of Maruti Suzuki, which sells most cars in India, climbed 3.2 per cent after the company said sales to dealers rose about 30 per cent in December

Electric two wheelers, premium bikes set to dominate market in 2025

Honda is expecting to kick off January 2025 with the highly anticipated launch of Activa e: and QC1 electric scooters

India's car colour preference: White dominates, but black, blue intrigue

Data from Jato Dynamics highlights a shift in Indian car colour preferences, with bold and vibrant shades gradually gaining ground, though white continues to dominate for now

EV sales in India up 27% in 2024, miss 2 million mark by a whisker

In 2024, an average of 12.43 petrol, diesel, CNG, or hybrid vehicles were sold for every EV- an improvement from 15.67 in 2023 and 21.05 in 2022