Page 96 - Auto

Uneven monsoon's impact on rural demand a concern: ICRA on auto sector

The segment had witnessed a robust growth in volumes in FY23 on a curtailed base, ICRA said

Tata Motors wins Rs 766 crore plus interest at 11% for losses in Singur

Arbitral Tribunal also allows it to recover Rs 1 cr towards the cost of proceedings

General Motors reaches tentative agreement with UAW, ending 6-week strike

The deal follows the pattern set with Ford last week and Jeep maker Stellantis over the weekend

Cars24 reports revenue of Rs 5,535 cr in FY23, 8% increase from FY22

The company reported profit before tax (loss) of Rs 467.8 crore in FY23 compared to Rs 1093.1 crore in FY22

PV industry expecting zero growth in volume sales in FY25: R C Bhargava

In the first half of FY24, sales in the Indian passenger car segment, which comprises small and compact cars, witnessed a year-on-year (Y-o-Y) decline of 7.9 per cent

Hybrid vehicles take lead in realm of eco-friendly mobility solutions

Hybrid car sales have surged from 4.42 per cent of the 4.1 million cars sold in CY22 to 7.2 per cent this year

New Renault Duster to get three engine options; global debut on Nov 29

The new Duster will likely be launched in the Indian market by 2025. Along with the 5-seater Duster, Renault is planning to launch a 7-seater version of the car which will be called "Bigster"

India recorded flat car and SUV sales in Navratri this year: Report

Between Shraadh and Navratri this year, the total car sales were around 330,000 units, 16% higher than 283,000 last year

General Motors withdraws its 2023 guidance, UAW strikes SUV plant

With the UAW clash throttling revenue and profits, Chief Executive Mary Barra told investors the automaker will slow its electric vehicle strategy to put profits ahead of sales targets

Battery testing race to work out what used electric vehicles are worth

With traditional combustion-engine cars, mileage and years racked up can quickly tell prospective buyers how much they should fork out

As Pak Suzuki plans to delist, a glance at Pakistan's automobile industry

Auto sector in Pakistan has registered a huge decline in sales volumes from the latter half of 2022, thanks to the import restrictions imposed by SBP on the import of CKD kits of vehicles

Tesla to exceed $9 bn spending target this year as it rolls out new models

The company's spending is, however, expected to return to the $7 billion and $9 billion range in the next two years, a regulatory filing showed

1,200-km range, 10-min charge: Toyota near solid-state battery breakthrough

If successful, Toyota said that solid-state batteries will double the range of EVs up to 1,200 km, and the charging time will be 10 minutes or less

In a letter, Toyota lobbies Centre to cut hybrid car taxes as much as 21%

India taxes EVs at just 5 per cent, while the levy on hybrids is as high as 43 per cent, just below the 48 per cent imposed on petrol cars

Powering up: India takes 'standardised' road to charge up electric vehicles

The implementation of a universal charging standard by the government would allow users to charge their EVs at any available charging station nationwide

Tata Motors developing new petrol engine to power premium SUV range

In an interaction with PTI, Tata Motors Passenger Vehicles Managing Director Shailesh Chandra said the engine is being developed and will be featured in the two models going ahead

Delhi govt extends policy meant for electric vehicles till December 31

Gahlot said the Cabinet has approved the extension of the existing policy and all incentives including subsidies under it will continue

Deep discounts on offer to light up car sales in India before Diwali

Average October discounts are up 40-50% compared to last year

DAEWOO plans India comeback in new avatar, to launch electric bikes, cycles

The company is entering the market for the second time as it is confident of India's robust economic growth and surging consumer demand

North trails South in electric scooter sales, Maharashtra miles ahead

As many as 8,417 units were sold in Maharashtra in September. Bajaj Auto's contribution was 4,048 vehi­c­les and that of TVS was 3,389