Page 21 - Auto Industry

MHI seeks ARAI's comments on consumer grievances against Ola Electric

The notice from CCPA came in response to 9,948 consumer complaints registered against Ola Electric between September 1, 2023, and August 30, 2024, on the National Consumer Helpline

Passenger vehicle sales drops 19% in September, inventory hits record high

Fada, however, said that the near-term outlook for automobile retail is cautiously optimistic as both Navratri and Diwali fall in the same month, creating strong expectations for a surge in sales

Festival fillip: Car dealerships see four-fold increase in footfall

Dealer sources claimed that even enquiries and bookings are up by 3-4 times when compared to the last 2-3 months

China's loss may be Indian companies' gain in electric vehicle race

Li-ion cells may become cheaper after punitive tariffs imposed by the US

BMW India targets to double electric vehicle penetration by next year

BMW Group India has achieved its best-ever year-to-date car sales, with a 10 per cent growth in the first nine months of calendar year 2024

Nissan studies hybrid and CNG market in India, no immediate launch plans

Nissan previously announced that it is going to launch an "affordable" EV by 2026

Carmakers expand dealerships to boost sales: Do they have right products?

India's passenger vehicle market is the third largest in the world now, at more than 4 million units a year, but car ownership remains low

From Maruti to Tata, auto firms prune sales to dealers over low demand

September tally hit by Shraddh period, but enquiries and bookings rise

H D Kumaraswamy urges compliance with PM E-DRIVE and PLI guidelines

The minister's remarks come in the wake of violations under the FAME scheme, where 13 companies were found to have wrongfully claimed subsidies

Ford plans to make EVs at TN plant, seeking re-entry into Indian market

Ford is the latest to join domestic and foreign carmakers, from Tata Motors to Vietnamese automaker VinFast Auto

Bajaj Auto leads EV sales in Sep; Ola remains biggest player in e2W space

Ather Energy, with the launch of Rizta electric scooter, has increased its market share to 14.2 per cent

Tata-JLR unit takes the wheel, steering India towards luxury car export hub

The company announced that the state-of-the-art production facility, located in Panapakkam, Ranipet district, will produce both cars and sport utility vehicles

Mercedes-Benz to accelerate autonomous driving on German motorways

Existing Mercedes cars equipped with the technology will be upgraded from a current 60 kph free of charge

Govt issues revised guidelines for electric vehicle charging stations

The scheme addresses the range anxiety of EV buyers by promoting the installation of electric vehicle public charging stations

Penetration of electric vehicles growing across segments in auto industry

Tata Motors reported a penetration of 12.05 per cent, down from 12.61 per cent last year, while JSW-MG Motors surged to 33.77 per cent, up from 23.75 per cent

Tata Motors taps used car market to boost electric vehicle resale, exchange

The company has the largest car park in EVs in India, estimated to be around 170,000 units. As a pilot, the company has already started work with used online car marketplace Spinny

Revolt Motors launches RV1 at Rs 84,990, heats up e-bike competition

Both companies have undercut the previous lowest price in the category, which stood at Rs 1,10,000

Tata Motors, JLR to make EVs in India for the world: Chandrasekaran

'Will bring together cost attitude of Tata Motors with the design and sophistication of JLR'

Tata Motors dips 3% on heavy volumes; stock down 13% so far in September

TML Securities Trust sold 11.5 million new ordinary shares on the stock exchanges today for the purpose of distribution of fractional share entitlement as well as towards tax liabilities.

India becomes top source of vehicle imports for South Africa's auto sector

India has become the South African automotive industry's top country of origin for vehicle imports since 2013, the Automotive Business Council says in its BRICS+ Research Report 2024. This was because India has been established by various brands as the global hub for small and entry-level vehicles which comprise the bulk of sales in the domestic market, the report said. Tata and Mahindra have firmly established their automotive products in South Africa. Mahindra executives have even repeatedly reaffirmed that South Africa is their second home outside India because of major investments, including a production line in Durban. China and India have consistently featured as two of the South African automotive industry's top 10 trading partners since 2010, mainly due to the increasing level of automotive imports. More recent entrant China has consolidated its position as the second largest country of origin for vehicle imports since 2022 as financially strapped consumers gravitated towar