Page 5 - Auto

Citroën targets 75% sales from smaller cities in 5 years: Shailesh Hazela

Citroën expects tier-2, tier-3 and smaller cities to account for three-fourths of India sales within five years, up from around 55 per cent currently

Maruti Suzuki, Tata Motors, and M&M find larger EU export window

Luxury car makers Merc, BMW say localisation would not be hit by FTA

Ebus exports may be up to 20% of output in 5 years, says Olectra MD

Olectra Greentech eyes exports from FY28, targets 10-20% of production in five years

States should not put a price cap on EV road tax benefit: BMW India CEO

BMW India chief Hardeep Singh Brar says price-based caps on EV road-tax benefits could push luxury-car buyers to neighbouring states and weaken the clean-vehicle transition

Hero Motors sets eyes on tech takeovers to grow customer base

Rs 1,000-cr IPO opens September 16

Ultraviolette bets on scooters to drive volumes as Hosur plant takes shape

Tesseract targeted to quickly scale to 10,000 units a month; EV maker sees scooters and motorcycles contributing equally at scale, exports rising to 25% of volumes

Greaves overtakes Ola Electric, enters top five E2W makers in September

Greaves Electric Mobility recorded 2,645 registrations and a 4.6 per cent market share in the first nine days of September, moving ahead of Ola Electric

Ultraviolette plans ₹779 crore Tamil Nadu plant as EV demand surges

The Hosur facility will initially produce 250,000 electric two-wheelers annually and can scale to 500,000 units as the company targets India's growing mass-market EV segment

Fuel blending beyond E20 only via flex-fuel vehicles, says Tarun Kapoor

Says E20 works well and marginal decline in efficiency compensated by higher octane value

Rural India drives two-wheeler demand, but petrol retains 94% share

Rural India accounts for 55% of 2W registrations, but EV penetration is nearly half that in cities

Hyundai India to launch localised mass-market SUV on dedicated EV platform

Hyundai Motor India Ltd's (HMIL) current EV portfolio comprises the IONIQ 5 and the CRETA Electric

Electric PV and e2W sales rise on-year, dip sequentially in August

VinFast climbs to 4th, Hyundai's registrations more than double

Minda Corp targets ₹1,500 cr export, eyes growth in electric vehicles

The auto-component maker expects global growth to be led by instrument clusters, wiring harnesses, EV components and electronics as it increases four-wheeler penetration

Ather eyes 150-300cc electric motorcycle, launch likely in three years

The company was still working out the exact product and believes understanding what motorcycle buyers want is much more important than any technological challenges

Blended finance, leasing models needed to boost e-truck adoption: Gauba

Niti Aayog member Rajiv Gauba said high financing costs, fragmented logistics operations and lack of coordinated corridor planning were holding back e-truck adoption

Jaguar Land Rover to cut around 4,000 jobs globally in next two years

The company, a subsidiary of Tata Motors Passenger Vehicles Ltd, said it is targeting approximately euro 1.7 billion of savings over the next two years to reduce its break-evens towards 300,000 units

Maruti Suzuki to hike prices of select models by up to ₹20,000 in September

Maruti Suzuki's third price hike since May, follows similar moves by Tata Motors and comes amid sustained input-cost pressures and an elevated inflation burden

Auto retail sales hit record in Aug at 2.42 mn units, rise 18%: Fada

Passenger vehicles crossed 400,000 units in August for the first time, while CNG, hybrid and electric vehicles together overtook petrol in the PV fuel mix

TCI plans to grow coastal shipping capacity by 30-40% over 4-5 years

Logistics major plans to add new ships while replacing ageing vessels as it invests Rs 400-500 crore annually to expand its fleet and multimodal network through FY30

Aug truck rentals held firm across key trunk routes: Shriram Mobility

Rentals rose across all key routes year-on-year in August, while vehicle sales moderated sequentially and electric vehicle sales maintained strong annual growth