Page 14 - Auto Industry

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

India-made Jimny helps Suzuki top Japan imports in June, overtakes Mercedes

Demand for the India-built Jimny Nomad pushes Suzuki past Mercedes in Japan's import charts, even as Maruti Suzuki faces a domestic slowdown in sales

Matter Motor Works hunts for new tech as rare earth stocks deplete

Matter Motor's COO, Arun Pratap Singh, discusses the company's approach to tackling supply disruptions caused by rare earth magnet shortages and its plans to explore alternative technologies

CAFE norms weighted in favour of bigger cars: Maruti Chairman R C Bhargava

Bhargava hits out at rivals for adopting a self-serving approach

BMW India reports 10% rise in H1 sales, EVs grow 234% year-on-year

German premium car maker BMW group on Thursday reported a 10 per cent jump in total sales in India at 7,774 units in the January-June period of 2025 over the same period year-ago, The Group had sold 7,081 units of BMW and Mini brands of cars in India in the first of CY 2024. Besides, the company also retailed 2,569 Motorrad brand of motorcycles during the period under review. The company also said it continued its leadership position in the luxury electric vehicle sales in India with a massive 234 per cent year-on-year growth in volumes at 1,322 units of BMW and MINI EVs sold during the first half of the current calendar year. The company sold 7,774 BMW and MINI cars and 2,569 motorcycles during the January-June period of 2025. Of this, BMW sold 7,477 units and MINI 297 units, it said in a statement. "We are on a fast track, posting over 10 per cent growth despite a challenging environment as we continue to unfold new opportunities in the luxury segment," said Vikram Pawah, Presi