Page 25 - Auto Industry

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

Mercedes takes India learnings on D2C retailing to global markets

German luxury carmaker Mercedes-Benz is taking learnings on direct-to-consumer retailing of vehicles to its global market from India, where it has been able to clock a revenue of Rs 40,000 crore in three years of starting its 'Retail of the Future' model, a senior company official said on Tuesday. Mercedes-Benz India, which on Tuesday launched its new 'AMG C 63 S E PERFORMANCE' model equipped with F1 hybrid technology priced at Rs 1.95 crore, plans to complete conversion of all of its existing 100 outlets under the direct-to-consumer model in the next 12 to 18 months. "This October, we completed three years of the direct-to-consumer model that we started. When you look at the numbers, (we have sold) 50,000 cars and Rs 40,000 crore turnover coming just in the last three years out of 'Retail of the Future' direct transactions," Mercedes-Benz India Managing Director & CEO Santosh Iyer told PTI in an interaction. He further said, "What makes us more proud is also that after India, now

Toyota to ramp up China production to bring sales, production more closer

The plan, which has not been previously reported, represents a strategic pivot by the world's top selling automaker in the world's largest car market

Ashok Leyland Q2 PAT up 34% on cost control measures, steel price dip

Despite strong profits, total income dipped by 2 per cent to Rs 11,262.84 crore during the quarter, compared to Rs 11,463.03 crore in Q2 FY24

Tremendous growth opportunity in India, Apac region: Zero Motorcycles CEO

US-based Zero Motorcycles sees tremendous growth opportunity in India where it has tied up with Hero MotoCorp for co-developing premium electric bikes, according to CEO Sam Paschel. The California-based firm, which specialises in electric motorcycles and powertrains, feels that it needs to have a product which could help it penetrate the price-sensitive market. "We see tremendous opportunities for us in those (APAC and India) markets. But I think you have to have a product that fits the use case and the price points of those markets," Zero Motorcycles CEO Sam Paschel told PTI here in an interaction. In future, the company will have models that should allow it to start penetrating the Asia Pacific and India as key markets, he added. Zero Motorcycles, which is a global leader in electric motorcycles and powertrains, currently sells the majority of its vehicles in the US and Europe. Terming Hero MotoCorp as a long-term committed development partner, Paschel noted that partners are ..

India most promising growth market for Skoda, says CEO Klaus Zellmer

Czech firm Skoda Auto on Wednesday said India is the most promising growth market and a key contributor as a future export hub in its global expansion plans. Speaking at the global premiere of its first sub-four meter SUV, Kylaq, here, Skoda Auto CEO Klaus Zellmer also said India's domestic potential as the world's third-largest car market is huge and the introduction of a new model in the domestic market will help Skoda achieve its target of selling 10,000 cars annually by 2026. Priced at Rs 7.89 lakh, bookings for the compact SUV will open from December 2 while deliveries will commence from January 27 next year, the company announced. "For Skoda, India is really (an) important (market). Europe is the key market but the strategic focus for Skoda is to build a broader international foundation, which is based on the principle of having two strong pillars. And India, clearly, is our second pillar that we want to build outside Europe," said Klaus. At the start of this year, the compan

Royal Enfield enters a new era with launch of electric vehicle brand

The first model under Flying Flea to hit the road next year will be the FF-C6

Suzuki Motor unveils first battery electric SUV, 'e Vitara' in Europe

Suzuki Motor Corporation on Monday unveiled its first mass-production battery electric vehicle -- the e Vitara -- in Europe. Production of the model is slated to commence at Suzuki Motor Gujarat in India in spring 2025, with sales expected to begin in various countries, including Europe, India, and Japan, around summer 2025, the Japanese automaker said in a statement. Maruti Suzuki India plans to launch the model next year. Suzuki has about 58 per cent stake in Maruti Suzuki India. The e VITARA is based on the concept model "eVX", which was showcased at the Auto Expo held in India in January 2023, and at the Japan Mobility Show in October same year. The model marks Suzuki's first global strategic BEV model. "The e Vitara is our first BEV, developed through repeated trial and error to create an easy-to-use BEV for our customers," Suzuki Motor Corporation President and Representative Director Toshihiro Suzuki said. To realise a carbon-neutral society, the company will provide a var