Page 19 - Auto Industry

Skoda Auto India announces vehicle price hike by up to 3% from Jan 1

Skoda Auto India on Tuesday announced a price hike of up to 3 per cent across its range of cars, effective January 1. This adjustment is necessitated by rising input and operational costs, ensuring the company continues to deliver premium vehicles and services to its customers, Skoda Auto India said in a statement. The company is a subsidiary of European carmaker Skoda Auto. The price increase will apply to the company's entire portfolio, including the Kushaq, Slavia, Superb, and Kodiaq. "The recently launched Kylaq will remain unaffected by this adjustment until it reaches the milestone of 33,333 bookings, which are fast-filling," the company said.

Two leading auto industry bodies send SOS to govt on steel imports

Steel inventory levels low in certain cases, could impact production: ACMA

Passenger vehicle discounts peak at Rs 3.7 lakh amid muted demand

Automakers have announced a price hike for January 2025, which typically should pre-pone the buying decisions of consumers

How Mercedes-Benz retains its crown in India's luxury car segment

For the first time in history, the luxury car market is poised to cross the sales mark of 50,000 units in 2024, with Mercedes-Benz leading the way

Maruti Suzuki to increase service network to 8K touchpoints by 2030-31

Car market leader Maruti Suzuki India on Wednesday said it plans to increase its overall service network to 8,000 touchpoints by 2030-31, with an aim to reach closer to its customers. The company, which on Wednesday opened the 500th service touchpoint for its premium retail outlet NEXA, currently has 5,240 touchpoints across NEXA as well as ARENA -- the mass market retail chain. "Our aim is to consistently deliver convenience and superior car ownership experience to our customers. One way is by reaching closer to our customers so that they have assurance of finding a Maruti Suzuki service touchpoint nearby," Maruti Suzuki India MD & CEO, Hisashi Takeuchi said in a statement. He further said, "Going forward as we plan to substantially increase our annual production and sales, we will simultaneously strengthen our service network. Our plan is to expand our service network, including ARENA and NEXA service touchpoints, from about 5,240 to 8,000 by FY 2030-31." Maruti Suzuki opened ...

EKA Mobility secures two order of Rs 150 crore from UPSRTC for e-buses

Electric vehicle maker EKA Mobility on Tuesday said it has secured two orders worth around Rs 150 crore from the Uttar Pradesh State Road Transport Corporation (UPSRTC) for supply of 70 air-conditioned electric buses. The orders comprise supply and maintenance of 12-meter 40 and 9-meter 30 AC buses, it said. These buses will play a key role in enhancing UPSRTC's fleet, the company said. EKA Mobility said it will also supply chargers to enable smooth operations, adding that both projects include long-term annual maintenance contracts to maintain peak performance for the next 10 years.

Will use multiple technologies to reduce carbon emissions: Maruti Suzuki MD

MSIL plans to launch its first electric car in India in January 2025. Not just MSIL, Hyundai and Kia will also launch their first mass-market electric cars in India next year

Car sales drop by 14% in November, two-wheelers see 16% jump: Fada

Tractor sales, however, saw an impressive 29.88 per cent Y-o-Y jump, suggesting good rural demand

Japan looks forward to talks with Trump that include cutting auto tariffs

US was Japan's biggest export destination in 2023 with cars and auto parts making up a third of shipments, according to Japan's Finance Ministry

Price cuts for 2 bike portfolios will have nominal impact: Bajaj Auto

Company says brokerage's report on sales does not give 'full or accurate picture'

FAME-II violations: SFIO conducts search operations at 3 companies

Hero Electric, Benling India, Okinawa Autotech alleged to have wrongfully claimed Rs 297 cr subsidies

Style, safety drive preference for premium features in cars

A Tata Motors dealership in the eastern suburbs of Mumbai said panoramic sunroofs and safety ratings are key demands from customers

In high-wage Germany, Volkswagen's labour costs outstrip the competition

Management will start the next round of negotiations with unions representing roughly 120,000 German workers on Thursday. Unions are demanding a 7 per cent pay rise

Subsidy for cargo electric 3-wheelers restored, cap halved to Rs 25k

By reallocating the FY26 budget to support vehicles sold after November 8, 2024, the ministry aims to strike a balance between maintaining momentum in EV adoption and adhering to fiscal limits

Uttar Pradesh govt seeks private investment in EV infra, green mobility

While UP will provide government land for the outlets, the private partner will make the investment

India mobility opportunity massive, have barely scratched surface: Uber

India is among the largest markets by volume and growing at a rapid pace, President of Uber India and South Asia Prabhjeet Singh has said, terming it an "incredibly important market" that presents a multi-decadal opportunity for the ride-hailing platform. Singh told PTI that mobility opportunity in India is "massive" and "underpenetrated". The company believes it has "barely scratched the surface" despite the strong line-up of products and services and the robust growth. "There is so much more to be done even though we are growing leaps and bounds," the top honcho of Uber India said. The mobility giant will continue to bring cutting-edge innovation to the market and also take India-first innovations to the rest of the world, he emphasised. "It is an incredibly important market, a multi-decadal opportunity," Singh said. India is one of the least-penetrated markets when it comes to ride-hailing, with less than a per cent of the trips in the city taking place on ride-hailing ...

Govt starts consultations for subsidy under PM E-DRIVE, e-truck adoption

The Heavy Industries Ministry on Thursday started consultations with stakeholders on the Rs 500 crore subsidy outlay under the PM E-drive scheme and frame guidelines to fast-track the adoption of electric trucks. In the first meeting on Thursday, officials stressed the need for truck makers, buyers and banks to come together for a faster and smoother transition to e-trucks. The meeting was attended by representatives of the Indian Ports Association, Ashok Leyland, Tata Motors, BillionE Mobility, Olectra, Amazon, Flipkart, Switch Labs, Murugappa group Volvo Eicher, Mahindra Trucks, apart from representatives from industry associations like SIAM and ICCT. During the consultation on e-trucks, Secretary of the Heavy Industries Ministry Kamran Rizvi highlighted that the meeting marks the first-of-its-kind government initiative on e-trucks. "The e-truck phase has just begun, and India is among the 5-6 countries globally manufacturing e-trucks," Rizvi said. He also added that in line wit

Subsidy fuel running low, electric two-wheeler firms race against time

With sales surpassing 100,000 in October, companies expect the trend to continue until March 31, 2025

Eicher Motors Q2FY25 results: Net profit grows 8.3% to Rs 1,100 cr

The company said its net profit rose 8.3% year-on-year to Rs 1,100 crore ($130.40 million) in the three months to Sept. 30

Volkswagen raises its investment in Rivian by 16% to $5.8 billion

Shares in the US EV maker, valued at over $11 billion, rose nearly 9 per cent in extended trading