Page 13 - Auto Industry

Bengaluru-based Routematic raises ₹340 cr, defies electric vehicle dip

The move is important as it comes at a time when the app-based mobility space - both business-to-business (B2B) and business-to-consumer (B2C) - has been under a cloud

Hyundai Creta remains most sold car for the second straight month

Maruti Wagon R slipped from the top 5 list, after achieving the second and fourth positions in February and March, respectively

Ola again makes it to top spot in sales in April; e2W market share at 22.4%

The impact of the government subsidy on escooters, which has been halved to ₹5,000 from April 1, is clearly taking its toll on overall sales of e2Ws

Sundram Fasteners Q4 results: Net profit dips 7% to ₹124 cr, revenue up 4%

The company's consolidated revenue for the quarter ended March 31, 2025, was Rs 1,537.78 crore, up 4 per cent, as against Rs 1,477.70 crore during the same period in the previous year

Eka Mobility aims to manufacture 10,000 e-buses annually by FY27

According to Mehta, Eka plans to bring in a new product every six months across its commercial vehicle (CV) segments

Launch thrust to power volume engine of PV maker Maruti Suzuki India

Firing on all cylinders: New models to steer it through cost bumps, sector drag

Centre plans to procure 14,028 electric buses in multiple tranches

The Centre has received a demand of 15,400 e-buses from four states (Gujarat, Telangana, Karnataka and Delhi,) of total 7, including around 2,500 from Delhi

Only 12% Indian households can afford to buy car: Maruti's R C Bhargava

Bhargava expressed doubts on whether the major income tax relief given by the Union government in the last Budget is going to boost small car sales in 2025-26

Stellantis to launch Leapmotor EVs in India to boost mobility drive

The entry of the Leapmotor brand into the market aligns with Stellantis' ambition to drive innovation and expand its EV footprint in one of the world's fastest-growing automotive landscapes

HMIL signs MoU with IOC to explore mass use of hydrogen fuel cell vehicle

As a part of the MoU, the South Korean carmaker has handed over one Hyundai Nexo - a hydrogen fuel cell electric vehicle - to Indian Oil for conducting real-world tests on Indian roads

India's auto sector sees $1.5 billion in deals in Q1 2025 despite IPO lull

Mergers and acquisitions (M&A) continued to gain momentum, recording nine deals worth $359 million-marking the third straight quarter of growth

PM E-DRIVE scheme: TaMo, Maruti, two others seek to make e-ambulances

While Force Motors and Tata Motors have committed in writing, MSIL and EKA - a startup that produces electric buses and small electric commercial vehicles

Auto launches may jump-start Q4FY25 revenue, but margins could stall

Richer product mix to drive Ebitda growth; margins under pressure due to rising input costs, discounting, ad-spends

Madhur Bajaj, former vice chairman of Bajaj Auto, passes away at 73

At the time of stepping down, he had said, "I believe now is the time for me to pursue my other interests and commitments"

Auto retail sales grew 6.5% in FY25, may face headwinds, says Fada

Dealers concerned about ongoing tariff war and its potential impact on sales in India

Electric vehicle sales rev up 17%, but fall short of 2 mn milestone

This growth comes despite a challenging first quarter following the expiration of FAME subsidies, among other challenges

German luxury automaker Audi India reports 17% growth in Q1 2025 sales

The company attributed the growth to improvements in supply chain stability and sustained demand for key models such as the Audi Q7 and Audi Q8

Renault Group to take over Nissan Motor's 51% stake in Chennai plant

The transaction, pending regulatory approvals, is expected to close by the end of the first half of 2025. Nissan asserted that it has no plans to exit India

Bajaj Auto e2Ws on full charge in FY25; Ola Electric's lead flickers

Ola Electric has attributed part of its struggle to an ongoing dispute with a vendor responsible for facilitating registrations, arguing that its actual sales figures are higher

Auto sales see 5% growth in FY25; industry seeks GST cut to drive demand

As of March 30, the total automobile sales for the financial year were seen at 25.9 million units, up from 24.6 million in FY24, and 22.3 million in FY23