Page 22 - Auto Industry

Auto major M&M debuts small commercial vehicle to bridge intracity gap

Priced at Rs 7.99 lakh for the entry-level product, M&M launched the diesel and CNG variants, and an electric version will come in the future

JSW MG Motor ranks highest in dealer satisfaction, says Fada survey

Hyundai, which was the topper last year, drops to third position

Mercedes-Benz to manufacture EQS SUV 580 in India, first outside the US

Luxury carmakers are focusing on bringing in more models that will be made in India

Volkswagen may book up to $4.4 bn in provisions on capacity cuts: Jefferies

Volkswagen said earlier this month it was considering shutting plants in Germany for the first time in its history

Statsguru: New schemes to boost EV adoption, align with climate goals

The schemes, PM Electric Drive Revolution in Innovation Vehicle Enhancement (PM E-DRIVE) and PM-eBus Sewa-Payment Security Mechanism (PSM) will replace existing EV subsidy schemes

JSW MG Motor to foray into accessible luxury segment, sets up new channel

JSW MG Motor India will enter the 'accessible luxury' segment with plans to introduce four new energy vehicles in the next two years for which it is setting up a new retail channel brand, 'MG Select', according to company Chief Growth Officer, Gaurav Gupta. The company plans to set up exclusive experience centres in 12 cities across India in the first year. "With MG Select we will be bringing in four new products over the next two years to begin with," Gupta told PTI here. "We will be bringing in fresh, new platforms and products and these will be across the new energy vehicles (NEV) platform. So, it will have plug-in hybrids, hybrids and electric vehicles," said Gupta, however, he clarified that MG Select is not purely an EV channel. "The MG Select channel is for 'premium entry' of MG Motor India. It will bring in accessible luxury products for the new age customer of today," he added. At present the entry luxury car segment in India is at a price range of around Rs 45 lakh with

Service outlets not stressed; utilisation full in big cities: Gollagunta

To tackle the growing load on its service outlets, M&M is increasing productivity, expanding bay capacity, and rolling out remote software updates

Claims of ICE vehicle demise self-serving: Bajaj Auto's Rakesh Sharma

Sharma talks about Bajaj's mega electric vehicle play

Micro SUVs gain ground in India, with sales soaring 72% in early FY24

Hyundai Exter and Tata Punch, priced under Rs 10 lakh, saw a 72 per cent sales jump in the first four months of FY24, far outpacing the 1.8 per cent growth in overall domestic passenger vehicle sales

PV sales dip 1.8%, two-wheeler sales grow 9.3% in August: Siam data

According to Siam, total production of passenger vehicles, three-wheelers, two-wheelers, and quadricycles in August 2024 stood at 2.49 million units

Finance ministry gives GST relief to ad agencies, automobile dealers

Another circular on supply of data hosting services was issued where such services are provided by companies in India to cloud computing service providers located outside India

Cabinet meet: Widened net for Ayushman Bharat, renewed EV subsidy, more

Cabinet clears Rs 5 lakh health cover under Ayushman Bharat for those 70 years and above

Tamil Nadu, Ford Motor in talks to restart production eyeing global market

Tamil Nadu Chief Minister M K Stalin visited Ford headquarters in Michigan on Tuesday and held detailed discussions with its top management, urging them to restart production

Will Maruti put India's EV mission on fast lane? MSIL MD & CEO believes so

Japanese carmaker wants 'sustainable' growth in electric car market by addressing three major concerns

Tata Motors managing director Shailesh Chandra elected Siam president

Chandra had previously served as Vice President of Siam. He is now succeeding Vinod Aggarwal, Managing Director and CEO of Volvo Eicher Commercial Vehicles

PM Modi asks automotive industry to bring global best practices to India

Prime Minister Narendra Modi on Tuesday asked the automotive industry to bring global best practices to India, while also working on green and clean mobility. In a written address to the annual convention of the Society of Indian Automobile Manufacturers (SIAM), Modi said the automotive industry will drive even higher economic growth and in turn, thrive on demand growth. "As we shift gears towards our collective goal of a Viksit Bharat by 2047, I am confident that organisations like SIAM will continue to bring together all stakeholders and become a force multiplier in this mission," he said. The prime minister said the road ahead demands that the country's progress is rapid, while also being sustainable. "Working (on) greener and cleaner mobility is a vital step in this direction. It is important that this climate-conscious and sustainable vision resonates with domestic and international partners," he asserted. "Further, at this critical juncture for India and the world, it is ...

Some moderation in PV sales growth 'very natural': Hyundai India COO Garg

As car demand slows in India, dealer stock levels across the entire industry have surged to alarming heights. Garg, however, indicated that the situation is under control at HMIL

I am not against incentives on EVs, but its not my call: Nitin Gadkari

Within two years, the cost of an EV will be the same as petrol and diesel vehicles. They don't need subsidies as there already is an advantage with electric as a fuel, he says

Goyal urges auto component makers to explore investment from EFTA countries

He asked to target $100 billion worth of automobile components' exports by 2030

With 45% growth, momentum expected to continue even in 2025: Toyota

TKM's sales boom comes at a time when other car companies are seeing a slowdown amid low demand and high inventory with dealers