Page 66 - Auto

FAME-III to be implemented soon, final plan ready: HD Kumaraswamy

The second phase of the ambitious Rs 11,500 crore scheme ended on March 31. The scheme incentivised more than 1.6 million vehicles since its launch in April 2019

Auto industry needs 200K skilled people by 2030 to meet 30% EV target

The report pointed out that 43 per cent of technical competencies between Internal Combustion Engine (ICE) and EV have minimal overlap

Elon Musk may delay in Aug 8 robotaxi unveil event to make design change

Tesla shares had been down more than 40% earlier in the year, but are up more than 80% since hitting a 52-week low in April

Auto ancillaries bet on e-mobility to drive growth in FY25: Analysts

Analysts predict moderation in growth to 5-7% in FY25

India's automobile retail sales post 9.4% growth in Q1, shows FADA data

The overall sales were seen at 6.19 million during the quarter under review, compared to 5.66 million during the first quarter of 2023-24

Automobile retail sales rise 9% in June quarter, PV sales up 2.53%: Fada

Overall retail sales rose to 61,91,225 units in the April-June period from 56,59,060 units in the same quarter of FY24

Hybrids in UP: Only FAME II vehicles eligible for state scheme benefits

The Uttar Pradesh government on July 5 decided to waive the registration tax on hybrid cars, extending a concession already available to fully electric vehicles

Two-wheeler volume growth likely to drive profit for auto sector in Q1

OEMs may post 9-10% revenue growth for June quarter

Mercedes-Benz to assemble more EVs in India to meet carbon neutrality goals

Mercedes-Benz India, which currently assembles its flagship electric luxury sedan EQS at its Chakan unit, is considering localisation of other models depending on demand

Automobile exports from India rise 15.5% in June quarter, shows Siam data

Three-wheeler shipments, however, saw a drop of 3 per cent year-on-year to 71,281 units in the April-June period this year as against 73,360 units in the year-ago period

Affordable models take Bajaj, TVS closer to Ola Electric in e2W market

In July, their combined share surges past Ola's

India's car exports grow by 18.6% in Q1; domestic sales remain flat

The auto industry body sought incentives to promote EVs in Budget

Global electric vehicle sales up 13% in June, decline 7% in Europe

China accounted for over 60 per cent of the total, as rising availability of electric vehicles and strong sales by BYD contributed to an increase

In push to widen EV reach, Ola's Aggarwal wants incentives to go on

The government's support to the EV industry has been through direct subsidy on the price of the vehicle through FAME, PLI and now the EMPS scheme aggregating to over Rs 59,000 crore

Indian auto component industry growth to moderate in FY25, says ICRA

ICRA also expects the industry to invest Rs 20,000-25,000 crore in FY2025 for capacity expansion and technological advancements

Auto component industry to see moderate growth this fiscal: ICRA

Red Sea crisis is likely to impact margins of auto component industry over next few quarters amid higher container rates and shipping time, credit ratings agency ICRA said on Thursday

Deeply committed to reforms; pained by EV sales drop: Piyush Goyal

Sales of EVs during April-June contracted 7 per cent year-on-year to 346,024 units, data from the Ministry of Road Transport and Highways' VAHAN portal showed

Only 19 of 137 Chinese EV brands to be profitable by decade's end

While the average sale price of cars in China fell 13.4% in the past year, the average margin of automakers rose to 7.8% in 2023 from 6.3% the previous year

Mobility players drive 18% of total car sales in FY24, says Deloitte

Mobility sector's growth path set to accelerate to 25% by FY30: Deloitte

Tesla's share of US electric car market slips below 50% for first time

The numbers are the latest sign that Tesla is losing its dominance in a market it in effect created in 2012 when it introduced the Model S sedan