Page 72 - Auto

Hyundai Motor India prepares for IPO filing, potential to raise $2.5 bn

Hyundai Motor India IPO: Indian unit of the Korean automaker is expected to file a DRHP with Sebi within the next two weeks

LS polls, extreme heat drag passenger vehicle sales down by 1% in May

"Despite better supply, some pending bookings and discount schemes, the lack of new models, intense competition and poor marketing efforts by OEMs affected sales

Retail car sales drop in May as LS polls, weather delay purchases: Fada

Sales growth in two-wheelers slowed to 2.6 per cent in May from 33 per cent in April, said the FADA, which tracks monthly retail sales from dealers to buyers

NDA's third term to intensify commitment to green mobility initiatives

Under Modi's first government, electric vehicles (EVs) were propelled into the mainstream through FAME

PV exports rise by 268K units in last 4 years; Maruti's biggest gainer

Passenger vehicle exports in the 2020-21 fiscal stood at 404,397 units. It rose to 577,875 units in the 2021-22 fiscal year and to 662,703 units in 2022-23 financial year

Tata-owned British icon JLR is out for hunt with models assembled in India

India will supplement Range Rover's global production at its iconic manufacturing base in Solihull, which will also produce Range Rover's upcoming fully electric model

Domestic commercial vehicle sales likely to dip 4-7% in FY25: ICRA

In February 2024, the industry saw a slight 0.7 per cent year-on-year decline in wholesale volumes, although it managed a 5.1 per cent sequential growth

Expect commercial vehicle volumes to witness 4-7% dip this fiscal: ICRA

The medium and heavy commercial vehicle (trucks) volumes are expected to contract by 4-7 per cent year-on-year given the high base effect

Airport industry to see profit before tax of $1.3 bn this fiscal: CAPA

The country's airport industry is projected to report a profit before tax of USD 1.3 billion in the current financial year

Domestic air passenger traffic grows 5.1% to about 138.9 mn in May: ICRA

According to the agency, the domestic air passenger traffic for FY24 was around 154 million, with a year-on-year growth of around 13 per cent

China gives 1st approvals for public trials of advanced autonomous driving

The auto industry has defined five levels of autonomous driving, spanning driver assistance features such as cruise control at level one to fully self-driving cars at level five

Volvo to issue world's first EV battery passport ahead of EU regulations

Volvo owners can access a simplified version of the passport using a QR code on the inside of the driver's door

Post FAME-II: EV sales dip on incentive cuts, polls, and hybrid shift

Sector experts suggest that the sharp decline could be due to a combination of factors such as changes in government policies, customers shifting interest towards hybrids, and general elections

Centre must encourage both hybrids and EVs, says Maruti Suzuki India

As India aims for carbon neutrality by 2070, automakers are divided over the best pathway

Hyundai sales up 7% at 63,551 units, sells total 59,601 units in May

Domestic dispatch of vehicles to dealers saw 1 per cent rise to 49,151 units last month from 48,601 units in the year-ago period

Automaker Stellantis appoints Shailesh Hazela as CEO, MD of India ops

Stellantis operates three manufacturing plants (Ranjangaon, Hosur, Thiruvallur), an ICT hub (Hyderabad), Software Centre (Bengaluru), and two R&D centers in Chennai and Pune

May sees electric two-wheeler sales revving up, led by Ola Electric

Led by Ola Electric, overall electric two wheeler sales have gone up by around 12 per cent in May over the previous month

Why the unorganised sector, thanks to e-rickshaws, leads India's EV growth

While everyone's attention is riveted on electric two-wheelers and cars, e-rickshaws have proliferated, putting the unorganised sector in the forefront

Car dealers may be staring at inventory stockpile exceeding 400,000 units

Automobile manufacturers said a record inventory of 400,000 vehicles valued at Rs 44,000 crore can be expected by the end of May due to less demand

EV incentive scheme FAME 3 to roll out with Rs 10,000 crore outlay

Companies seeking incentives for the sale of electric vehicles will be required to apply for fresh certification under FAME-III