Page 82 - Auto

Bike taxis get Centre's legal kick-start paving way for new riding option

This move now allows motorcycles to operate legally as contract carriages in India, potentially opening up new transportation options and income opportunities

Passenger vehicles wholesales grow 14% in Jan, retail catches up

'Positive consumer sentiment' leads to best number for that month, says SIAM

Passenger vehicle wholesales clock record 393,074 units in Jan, up by 14%

As per the data issued by the Society of Indian Automobile Manufacturers (SIAM), dispatches of passenger vehicles from manufacturers to dealers stood at 3,46,080 units in January 2023

Mahindra & Mahindra's Q3 result: Profits up 60%, miss expectatios

The 'Scorpio' SUV-maker's standalone profit after tax rose 60.6 per cent to Rs 2,454 cr ($295 million) in the three months to Dec. 31, missing analysts' estimate of Rs 2,512 cr, per LSEG data

Eye on affordability? Tata Motors latest to slash prices of electric cars

Tata Motors slashes prices of Nexon, Tiago EVs by up to Rs 1.2 lakh

Eicher Motors Q3 results: Profit up 34% at Rs 996 cr, beats estimates

The company's profit rose 34.4% to Rs 996 crore ($120 million) in the three months to Dec. 31, beating analysts' estimates of Rs 989 crore, as per LSEG data

Auto components sector growth may ease to 5-7% in FY25, says ICRA

On the EV front, there is significant opportunity. At present, only 30-40 percent of the EV supply chain is localised

In the fast lane: Retail car sales hit a record in Jan on wedding demand

However, concerns persist regarding PV inventory levels, which are now within the 50-55 day range

President, chairman of scandal-hit Daihatsu unit to step down, says Toyota

Daihatsu's chairman, Sunao Matsubayashi, will also step down and not be replaced, Toyota said

Tata cuts EV prices by up to Rs 1.2 L to pass on battery price reduction

Indian automaker Tata Motors' electric vehicle (EV) unit on Tuesday said it reduced prices of its cars by up to 1,20,000 rupees ($1,445.54) to pass on battery price reduction benefits to its customers

Top 5 SUVs sold in January 2024, Tata Punch tops chart; check the full list

Top 5 SUVs sold in January 2024: Tata Punch sold the highest number of SUVs in India in January 2024. The company sold around 17,978 units last month

Expect some impact on costs due to ongoing Red Sea crisis: Maruti Suzuki

The lead time of dispatches might change, and there may be some uncertainty in vessels coming and picking up their consignments, among others, he noted

Red Sea crisis disrupts Audi India's supply chain, firm eyes recovery soon

Container vessels have been facing attacks in the Red Sea, one of the most important trade routes in the world, since November last year following Israel's war against Hamas

Jindal-owned JSW plans to produce EVs in Rs 40,000 cr investment push

Sajjan Jindal keen to produce Made in India electric car/CVs

Ashok Leyland progressing in network expansion in North & East: Official

Ashok Leyland to fuel its network expansion plans, has tied up with the diversified conglomerate TVS Group

EV two-wheeler sales breach FY23 figures despite cut in FAME-II subsidy

According to the Centre, 734,760 EV two-wheelers have been registered so far in the financial year 2023-2024 period (FY24), nearly 6,400 more units compared to FY23

Honda results: Profit up 3.5% in Dec quarter on back of strong US demand

Tokyo-based Honda Motor Corp's profit in the last quarter was 253.3 billion yen, or USD 1.7 billion. Quarterly sales jumped 21 per cent to 5.39 trillion yen (USD 36 billion)

After brisk start, electric vehicle penetration loses momentum in FY24

Electric two-wheelers, which were expected to lead the charge, are a case in point, especially after the government sharply cut back the subsidy given to manufacturers in the middle of last year

Declining raw material prices help to boost tyre makers' profitability

Among raw materials used by the tyre industry, Brent crude oil prices saw a 6 per cent drop year-on-year

Tax implications likely to influence Hyundai's decision to list Indian arm

Hyundai Motor is exploring an initial public offering (IPO) of its Indian unit to raise around $3 bn (at a valuation of up to $30 bn), according to sources