Page 55 - Auto

Automobiles, auto component companies score low on PLI scheme in FY24

The government has budgeted Rs 25,938 crore for five years as PLI for this sector

Auto industry has to be 'well balanced' on EV investments: Kia India CEO

Indicating that Kia's current focus remains on the electric car market, he mentioned that the company's first mass-market electric car-scheduled to be launched next year-will be a mid-sized SUV

EU members to vote on proposal to impose tariffs on China made EVs

The Commission last revised the tariff rates in September, imposing levels from 7.8 per cent for Tesla to 35.3 per cent for SAIC

Tesla to recall over 27,000 cybertrucks in US over rear-view image delay

The recall covers more than 27,000 Cybertrucks, Tesla said in a report filed with the US National Highway Traffic Safety Administration

Mahindra Thar ROXX sets record with 1.76 lakh bookings in just 60 minutes

Mahindra has assured buyers that the company will communicate tentative delivery schedules over the next three weeks in a phased manner

Outgoing Daimler Truck CEO Daum expects no recovery in China, Germany

He said he did not expect a recovery in the Chinese truck market this year or next, adding that China was in a deep crisis, according to remarks published on Wednesday

Delhi CM approves incentive scheme to promote scrapping of old vehicles

Chief Minister Atishi has approved the incentive scheme to promote scrapping of old vehicles and it will be notified soon, the statement said

Royal Enfield total sales increase 11% to 86,978 units in September

In the domestic market, dispatches increased 7 per cent year on year to 79,326 units from 74,261 units in the year-ago period, Royal Enfield said in a statement

Carmakers expand dealerships to boost sales: Do they have right products?

India's passenger vehicle market is the third largest in the world now, at more than 4 million units a year, but car ownership remains low

From Maruti to Tata, auto firms prune sales to dealers over low demand

September tally hit by Shraddh period, but enquiries and bookings rise

Ashok Leyland, travel tech firm FlixBus sign deal for inter-city mobility

Agreement will empower local bus operators through technology, say the two companies

Govt launches PM E-DRIVE subsidy scheme for EVs with Rs 10,900 cr outlay

The EMPS-2024 (Electric Mobility Promotion Scheme) being implemented for the period April 1, 2024 to September 30, 2024 is being subsumed under the PM E-DRIVE scheme

H D Kumaraswamy urges compliance with PM E-DRIVE and PLI guidelines

The minister's remarks come in the wake of violations under the FAME scheme, where 13 companies were found to have wrongfully claimed subsidies

Hero MotoCorp sales increases by 19% to 637,050 units in September

Hero MotoCorp on Tuesday said its wholesales increased 19 per cent year-on-year to 6,37,050 units in September.

SUVs outpace small cars as top carmakers' Sep sales to dealers drop

Levels of unsold cars rose to a record 70-75 days in August. Inventory levels for September and retail sales figures will be published later this month

M&M leads carmakers' sales rebound ahead of festive season; Tata lags

However, top EV maker Tata Motors' domestic sales slid 8% in September, falling for the fourth straight month

TVS Motor records 20% rise in Sep sales by retailing 4,82,495 units

The city-headquartered company had registered sales of 4,02,553 units during the same month of last year

Ola Electric's dominance fades as Indian e-scooter battle intensifies

Ola Electric sold 23,965 vehicles in September, recording a month-on-month decline. In that period, Ola's closest rivals TVS Motor and Bajaj Auto have narrowed the gap

Kia India total wholesales increase 17% in September to 23,523 units

The automaker had dispatched 20,022 units to dealers in September 2023

Tata Motors total domestic sales decline 15% to 69,694 units in Sep

Total commercial vehicle (CV) sales in the domestic market stood at 28,631 units in September as against 37,214 in the year-ago month, down 23 per cent