Page 75 - Auto

Honda Motors commences work for new warehouse facility in Karnataka

The development project of the facility will be undertaken by Sumitomo Mitsui Construction Company (SMCC), Honda said

Volume growth, softer commodity prices to drive Q4 margins of auto firms

26% volume growth seen in two-wheelers and 12% in passenger vehicles

Leasing of batteries for 3-wheelers to be rolled out soon in Kolkata

Neuron Energy, a lithium-ion battery maker, has joined hands with Urja Mobility to spearhead the leasing model which has so far been heard only in the business-to-business EV sector, they said

Automobile exports from India dip 5.5% in FY24 due to monetary crisis

The last fiscal saw a sizeable drop in commercial vehicle, two-wheeler and three-wheeler shipments, although passenger vehicles grew marginally

EVs head for junkyard as mechanic shortage inflates repair costs in UK

Once there are more fully trained EV technicians, repair rather than replace becomes a more viable proposition, an expert said

Bangalore and Chennai see rise in truck freight rates, shows data

Freight rates from Delhi to Trivandrum have seen a decline by four per cent, while from Delhi to Jaipur, there has been a decline by 10 percent, in this time period

Sale of entry-level cars, two-wheelers yet to hit pre-pandemic peak

Slow recovery in the rural economy and customers transitioning to purchasing vehicles in higher segments are the primary reasons for the gradual decline

Five per cent someone: What kind of ride is Tesla likely to have in India

Initially, Elon Musk's Tesla will address only 5-6% of India's light vehicles market. What kind of ride is it likely to have?

US govt opens investigation into Ford recall for Bronco gasoline leaks

The agency moved with unusual speed, posting documents detailing the recall query just two days after the recall was made public

Passenger vehicle wholesales up 8.4% at 4,218,746 units in FY24: Siam

The overall passenger vehicle dispatches stood at 3,890,114 units in fiscal year 2022-23

Tamil Nadu to pitch itself aggressively as manufacturing site for Tesla

Tesla's Chief Executive Officer is set to visit India and meet with PM Modi, who's seeking a third term in office in federal elections starting later this month

Silent drive: Electric vehicle capital Hosur navigates the election circuit

Beyond the buzz of Ola and Tata, Hosur ignites India's electric evolution, quietly

Nearly one in two luxury cars sold in March quarter was Mercedes Benz

Overall luxury car sales have grown 14% in first three months of 2024

Luxury carmaker Mercedes-Benz India reports best ever retail sales in FY24

The automaker said it plans to introduce nine new models this year in the country, including three new battery electric vehicles (BEVs)

German premium car manufacturers struggle to revive demand in China

Carmakers are facing a challenging year, forecasting stable or lower returns and slower sales growth as they invest in revamping their line-ups to tackle growing competition

BMW EV sales surge in Q1 even as rivals struggle with weak demand

Customer deliveries of battery-powered models such as BMW's i4, iX1 and i7 jumped 41% in the three months through March compared to the same period last year, the company said Wednesday

Muted exports for auto sector in FY25 amid weak overseas demand: Ind-Ra

A slowdown in demand from both domestic commercial vehicle manufacturers and subdued exports could limit revenue growth to a range of 6-8 per cent year-over-year

Govt approves 11 EV manufacturers for receiving incentives under EMPS

EMPS scheme offers subsidies for e2W and e3W to sustain the growth in EV sales in the country

China's EV makers order record number of ships to support car exports

BYD alone exported over 240,000 cars in 2023, about 8 per cent of its global sales, and plans to export up to 400,000 this year

Truck rentals remained flat in March 2024: Shriram Mobility Bulletin

According to industry sources, truck rentals were stable as corporates were seen rushing in March year-end to fulfil their targets