Page 97 - Auto

Auto deals jump 858% in Q2FY24 on back of 16 deals worth $939 million

This substantial growth was primarily fuelled by five high-value deals, each surpassing $100 million

Stand 'firmly' with General Motors Talegaon workers: Maharashtra CM

State government assures workers, says better compensation, jobs among solutions being worked out

Bajaj Auto Ltd Q2FY24 results: PAT up 17.5%, riding on better product mix

After Diwali, Bajaj Auto plans to introduce six new products and upgrades in the 125 cc plus category

Production of 50 GWh battery cells to start in early 2024: MHI Minister

Currently, batteries are only assembled in India, with cells imported primarily from China, Taiwan, and European nations

General Motors delays EV pickup truck production at plant near Detroit

The company said in a statement Tuesday that the factory in Orion Township, Michigan, will instead start making electric Chevrolet Silverado and GMC Sierra pickups in late 2025

Tata Harrier, Safari facelifts launched, get five-star safety rating

Harrier and Safari are Tata's first cars to be tested under the new, more stringent norms of Global NCAP testing

Skoda Auto Volkswagen India to commence exports to Vietnam from 2024

The company, which inaugurated parts expedition centre at the Volkswagen group's headquarters in Chakan, Pune, said 'made-in-India' kits will be shipped from India to Vietnam for final production

War cry for 50%: Maruti's rise to number 1 in SUVs is the result of rejig

Hatchbacks still constitute 30 per cent of the passenger vehicle market. The top three cars in India are still small cars: Swift, Baleno and WagonR. Incidentally, all three are Maruti models

Two-wheeler exports fell by 20% to 1.69 mn units in H1 of FY24: Siam

The Russia-Ukraine war, which started in February 2022, has brought significant instability to global fuel prices

Impact of Israel-Gaza conflict on auto industry negligible, says Siam

Israel is currently preparing its forces along its border with Gaza for a possible ground operation

Domestic passenger vehicles wholesales up 2% to 361,717 units in Sept: SIAM

Similarly, two-wheeler sales increased to 17,49,794 units last month from 17,35,199 units in the year-ago period, SIAM said

Auto industry Q2 preview: Product mix, commodity tailwinds to aid margins

Brokerages expect marginal drop in two-wheeler volumes

No plans to phase out diesel vehicles: BMW India president Vikram Pawah

The company currently has an order book of about 2,000 cars and 1,000 motorcycles

Rush hour: Why automakers are pouring Rs 1.75 trn into their factories

One reason for the rush to increase capacity is that automakers do not want to miss the bus on electric vehicles

Govt mulls subsidising carmakers investing in local EV production

The government plans to extend incentives to carmakers based on the investments they make to manufacture cars locally, an official aware of the development said

Rolling in luxury: Top-end carmakers spin wheels of bespoke experience

From drifting and slaloming on sheets of ice to bending laws of motorsport physics, auto majors curate thrills beyond the road

Ola Electric to Ather Energy: EV players 'fully refund' wrongful claims

Though the defaulter companies have repaid the Rs 312.42 crore in full, only Rs 183.15 crore has actually reached the customers, the Ministry of Heavy Industries data show

Auto retail sales up 9% in H1FY24; PVs, three-wheelers steal the show

The cumulative sales in the first half stood at 11.07 million units, as against 10.17 million units in the year-ago period

Two-wheeler sales back on track; analysts expect 8-12% growth in FY24

Industry experts are hoping for better numbers during the festive period's sweet spot, set to unfold over the next 42 days

Maruti eyeing bigger pie of global car market, aims to 3X exports by 2030

Maruti Suzuki reported its best-ever exports which reached 259,333 units for the financial year 2022-23