Page 71 - Auto
DGCA issues advisory to increase women's representation in aviation sector
DGCA Circular is issued in line with the principle of gender equality that is enshrined in the Constitution of India
 "DGCA issues advisory to increase women's representation in aviation sector")
Auto industry grows 19% to Rs 10.22 trn in FY24 over robust growth in SUV
A notable shift in the UV and SUV segment was that the volume increased by 23 per cent and price by 16 per cent leading to overall value increase by 39 per cent last fiscal year
 "Auto industry grows 19% to Rs 10.22 trn in FY24 over robust growth in SUV")
Auto industry grew 19% in value in FY24 as SUVs become popular: Report
Despite high volume of registrations, average price of vehicles in India is cheaper compared to advanced economies
 "Auto industry grew 19% in value in FY24 as SUVs become popular: Report")
Tata Motors to increase price of commercial vehicle by up to 2% from July
This marks the third price hike this year, after the Indian automaker increased prices by up to 2% in March and 3% in January
 "Tata Motors to increase price of commercial vehicle by up to 2% from July")
Supercar maker Ferrari's first electric car to cost over $500,000
The Italian brand, famed for its roaring petrol engines, has said it will launch an electric car late next year, and the planned price shows its confidence that ultra-wealthy drivers are ready for it
 "Supercar maker Ferrari's first electric car to cost over $500,000")
As demand for electric vehicles dwindles, what are startups doing about it?
US EV startups are lowering manufacturing costs, laying off workforce, and racing to develop cheaper models to navigate a slump in demand due to steep borrowing costs
 "As demand for electric vehicles dwindles, what are startups doing about it?")
Hyundai opposes duty relief on hybrids, says it will hurt petrol vehicles
Government of India has proposed to reduce GST on hybrid passenger vehicles to 5% and 12% on flex engines, while GST on diesel and petrol vehicles will remain at 28%
 "Hyundai opposes duty relief on hybrids, says it will hurt petrol vehicles")
Plans for Hyundai Motor India IPO boosts share price in South Korea
Hyundai has been locked in competition with rivals including Maruti Suzuki India Ltd. and Mahindra & Mahindra Ltd
 "Plans for Hyundai Motor India IPO boosts share price in South Korea")
As vehicle sales hit brakes, manufacturers seek extended financing
Auto dealerships are grappling with a 60-day stockpile of four-wheeler inventory, which is imposing a financial burden due to the additional interest costs incurred during the extended holding period
Hyundai Motor, Suppliers Shares Rise in Seoul as India Unit Files for IPO
Hyundai has been locked in competition with rivals including Maruti Suzuki India Ltd. and Mahindra & Mahindra Ltd
Changing gears: India's growing love for SUVs key to Hyundai's success
The SUV segment in India is expected to grow at a CAGR of 7% to 9% from FY24 to FY29
 "Changing gears: India's growing love for SUVs key to Hyundai's success")
Eye on the green future, auto companies line up over Rs 2 trillion
Last week Tata Motors, the country's market leader in electric vehicles (EVs), said it was planning to spend Rs 16,000-18,000 crore as capital expenditure on its EV arm till FY30
 "Eye on the green future, auto companies line up over Rs 2 trillion")
IPO-bound Hyundai India and its rivals in world's third-biggest car market
Hyundai Motor India sought regulatory approval on Saturday to list on the Mumbai stock market in what could be the biggest IPO in the South Asian nation
Up against 60 days' inventory, car dealers seek Siam's intervention
The 60-day inventory levels are close to the 2018-19 levels when inventory inventory days had neared 70 days, and around 282 passenger vehicle dealerships had shut shop
OEMs, electronic component companies seek greater govt support
Demand combination of upfront capex backing and PLI
 "OEMs, electronic component companies seek greater govt support")
Europe vs China: Why is EU imposing heavy tariffs on imported Chinese EVs?
EU tariff on Chinese EVs explained: The new tariffs are set to take effect from July 4, unless ongoing discussions with Chinese authorities yield a different outcome
 "Europe vs China: Why is EU imposing heavy tariffs on imported Chinese EVs?")
Tractor sales harvest early monsoon benefits in FY25, shows revival signs
Companies report a buoyant sentiment among farmers with the onset of the monsoon
 "Tractor sales harvest early monsoon benefits in FY25, shows revival signs")
Electric 3-wheeler sales rise 23% in May; industry awaits FAME 3: FADA
May 2024 witnessed slight recovery in E3W sales after the sector saw major decline following the end of the FAME II scheme in March
 "Electric 3-wheeler sales rise 23% in May; industry awaits FAME 3: FADA")
Domestic passenger vehicle sales rise 4% in May to 347,492 units: Siam
Three-wheeler dispatches rose 15 per cent to 55,763 units in May, as against 48,610 units in May 2023
 "Domestic passenger vehicle sales rise 4% in May to 347,492 units: Siam")
Charged-up: Bengaluru takes top spot in electric car registrations
Bengaluru is enthusiastically embracing not just electric cars, but electric two-wheelers also
 "Charged-up: Bengaluru takes top spot in electric car registrations")