Page 11 - Auto Industry

VinFast India gets EV orders from Nepal, Sri Lanka, West Asia, and Africa

Thoothukudi facility likely to be inaugurated by month-end

Ashok Leyland takes proactive approach to tackle industry trends: Chairman

Ashok Leyland will follow a proactive approach to navigate emerging global and industry trends including electrification and supply chain challenges as it remains in hunt to be among the world's leading commercial vehicle manufacturers, according to Chairman Dheeraj G Hinduja. In his address to shareholders in the company's Annual Report for 2024-25, he noted that the commercial vehicle and mobility sectors are undergoing profound transformation. Electrification is accelerating, even as alternative propulsion technologies such as LNG and hydrogen-powered vehicles are moving from concept to commercial reality, he stated. Digitalisation and connectivity are reshaping fleet management, after sales service, and the entire customer experience, Hinduja stated. On top of this, global trade and supply chains are being re-shaped, he said. To navigate and capitalise on these trends, the company will adopt a multifaceted and proactive approach, Hinduja said. Continued investment in research

What are zero-mileage used cars & why is China planning to ban their sale?

China plans to ban resale of cars within six months of registration to curb the growing sale of zero-mileage used cars, which distort sales data, affect buyers, and allow misuse of subsidies

Govt starts work on Auto Mission Plan to make India global industry leader

The government has initiated the formulation of the Automotive Mission Plan 2047 (AMP 2047), a strategic road map aligned with the 'Viksit Bharat @2047' vision to establish India as a global automotive leader, focusing on innovation and sustainability, the Ministry of Heavy Industries said on Thursday. Sub-committees for AMP 2047 have held a meeting to outline objectives and framework and targets for sectoral growth, exports and industry advancement, to help increase India's share in global automotive trade. Seven sub-committees, comprising experts from government, industry, and academia, will guide the development of a comprehensive plan targeting milestones for 2030, 2037, and 2047. "The vision for 2047 is not an aspiration but a strategic road map backed by concrete targets for sector growth, exports, and industry advancement. We must think beyond specific technologies or companies and focus on India's global standing in 2047, aiming to increase our share in global automotive tra

DC charger manufacturer Everta plans ₹300 crore investment in 5 years

Epsilon Group sets up Everta to manufacture DC chargers with Rs 300 crore plan, starting with a Bengaluru plant and aiming for 15% market share by 2030

CAFE norms battle hots up: M&M counters Maruti Suzuki on relief

Industry divide complicates govt's efforts to finalise new fuel-efficiency norms

Q1 results preview: Low volumes, discounts may have dented auto margins

Downside risks from rare-earth magnets an overhang for the sector

Global EV majors Tesla, VinFast, Kia set for India face-off on Tuesday

Global EV majors Tesla, VinFast and Kia to launch models, announce prices and open bookings on the same day, intensifying India's electric vehicle battle

VinFast to start production at Tamil Nadu facility, deliveries in August

VinFast is set to begin production at its $2 billion Tamil Nadu plant this month and plans to start vehicle deliveries from the festive season, with a focus on exports and an expanding service network

VinFast partners with BatX Energies for electric vehicle battery recycling

VinFast partners with BatX Energies to recycle and repurpose high-voltage EV batteries in India, strengthening its commitment to a sustainable battery value chain for its India operations

Used-car sales to expand 8-10% in FY26, outpace new vehicles: Crisil

The used-to-new car sales ratio has increased to 1.4 from less than 1 five years ago. The market value of these used cars is estimated to be around Rs 4 trillion, nearly matching that of new car sales

Net-zero emissions: Auto industry lobbies to extend 'ICE age' till 2055

The industry has conveyed to the BEE that it continues to rely heavily on ICE vehicles

Ola Electric unveils update of operating system to boost fleet performance

Ola Electric launches MoveOS 5 with improved range, performance, and customization features, aiming to strengthen its foothold in India's expanding electric vehicle market

Ola Electric announces mass roll-out of MoveOS 5: Check new features

The MoveOS 5 upgrade will be rolled out to all S1 and Roadster X vehicles via an OTA update, offering 50+ new features including ride customisation and improved battery control

Tech hegemony: Now, China's rare-earth experts face travel restrictions

This move by China means Indian auto companies will be left with only one option - to import the full motors powered by the magnets - which will only increase the cost of the vehicle

Steep car discounts mark H1, two-wheeler sales hold firm in rural India

Passenger vehicle makers are offering deep discounts to clear unsold 2024 stock, while two-wheeler companies stay cautious amid steady demand and manageable inventories

Car price inflation may moderate 4.5% over 5 years as tech improves

While average selling prices rose 7.6% between 2019 and 2024 due to premiumisation and regulation costs, they are expected to rise more moderately at 4.5% CAGR till 2029

Of talking cars and highways: India must focus on smart vehicles for safety

India has just 44 passenger cars per 1,000 people. While next-door China has 251. South Korea has 422, Japan 502, and Indonesia has 76 vehicles for every 1,000 people

Uttar Pradesh govt plans ₹700 crore EV park near freight corridor

Spanning 500 acres, the project will be anchored by the UP State Industrial Development Authority (UPSIDA) as part of the Kanpur Metropolitan Development Vision 2030

From auto to solar: China cracks down on 'disorderly' price wars

President Xi Jinping warns of damaging low-price competition in steel, autos, e-commerce, solar and education, urging tighter regulation and a push to eliminate inefficient firms