Page 25 - Auto Industry

As EV subsidies transition from FAME to EMPS, how is the industry coping?

The industry witnessed a decline after the expiry of FAME-II, despite the introduction of EMPS

Speed bump: Domestic passenger vehicle sales slip amid inventory pile-up

Two-wheeler sales grow in double digits

JLR unlikely to leverage EV policy for now: Tata Motors on new EV policy

Expects incentives for 4W fleet to continue in FAME III

Tata Motors Q1 FY25 results: Net profit jumps 74% to Rs 5,566 crore

The revenue from operations for the April-June quarter was up 5.7 per cent to Rs 107,316 crore

Ola Electric IPO: E2W maker raises Rs 2,763 cr from anchor investors

Investors include SBI MF, Templeton, Amundi, Goldman Sachs

Toyota to set up mfg plant in Maharashtra; likely to invest Rs 20k cr

Automaker Toyota Kirloskar Motor on Wednesday said it will set up a new manufacturing plant in Maharashtra at an investment of around Rs 20,000 crore. The company has inked a Memorandum of Understanding (MoU) with the Maharashtra government to examine the setting up of a greenfield manufacturing facility at Chhatrapati Sambhaji Nagar, Toyota Kirloskar Motor (TKM) said in a statement. Headquartered in Karnataka, TKM already has two manufacturing units located at Bidadi near Bengaluru. In Karnataka, the automaker, including its group companies, has invested more than Rs 16,000 crore and created close to 86,000 jobs in the entire value chain, it said. Toyota's cumulative export contributions also stand at around Rs 32,000 crore thus representing the company's export focus, it added. "Today's MoU signing marks a pivotal point as we stride into the next phase of growth in the country enabling us to contribute to enriching lives with qualitative mobility solutions locally and globally,"

Since Japan launch, Honda Elevate exports nearly double of India sales

Between April and June 2024 Honda exported 10,659 units of the Elevate meanwhile it sold 5,435 units of the Elevate in Indian market

Maharashtra, Tamil Nadu lead the race for Tesla's manufacturing unit

Gujarat also in list, if govt rolls out sops; in talks to rope in local partners

Steeling a march: Big Boys of steel pushing pedal to drive future mobility

From setting up cutting-edge facilities to cater to the domestic market and building capabilities of global standards, the action is building up

Tata Motors looks to drive into mid-SUV space with Curvv SUV Coupe

Curvv will be launched with the EV version, and within a month the ICE versions will come. EV customers also want a higher range

Auto industry wants CVs to be a part of FAME scheme: Dheeraj Hinduja

Hinduja talks about the Red Sea crisis, the Faster Adoption and Manufacturing of Electric (And Hybrid) Vehicles (FAME) scheme, and industry growth this fiscal year

India's auto components industry still reeling from Red Sea crisis

The Indian auto component industry exported items worth $21.2 billion in 2023-24, marking a five per cent year-on-year growth, he noted

Auto component industry turnover up 10% at Rs 6.14 trn in FY24: ACMA

The turnover of the automotive component industry rose by 9.8 per cent year-on-year to Rs 6.14 lakh crore for the fiscal ended March 31, 2024, industry body ACMA said on Thursday. The industry had reported a turnover of Rs 5.59 lakh crore in the 2022-23 financial year. Component supply to OEMs (original equipment manufacturers) in the domestic market grew by 8.9 per cent to Rs 5.18 lakh crore, with supply to the EV manufacturing industry accounting for 6 per cent of the total component production in the country, the Automotive Component Manufacturers Association of India (ACMA) stated. Exports grew by 5.5 per cent year-on-year to USD 21.2 billion in the last fiscal while imports grew by 3 per cent to USD 20.9 billion, thus resulting in a trade surplus of USD 300 million, it stated. The aftermarket, estimated at Rs 93,886 crore, also witnessed a growth of 10 per cent in FY24, ACMA said. "It is pertinent to note that apart from an increase in vehicle production, higher value additio

Ashok Leyland Q1 FY25 results: Net profit declines 6% to Rs 509 crore

While the company achieved its highest-ever Q1 CV volumes, the Power Solutions, Aftermarket, Defence business, and the International Operations also contributed strongly to the top line

Tata Motors' market capitalisation crosses Rs 4 trillion for the first time

Tata Motors is currently the second-most valuable company in the salt-to-software Tata Group after Tata Consultancy Services

Union Budget 2024: Future-oriented and focused on green mobility

The growth-focused budget signals a clear intent to strengthen the economy, which will result in a stronger middle class, whose aspirations will be a key driver of growth for the automotive industry

Volume outperformance, steady results factored into Bajaj Auto's valuations

The company expects to outperform the 7-8 per cent growth in the domestic 2W industry on the back of growth in the 125cc+ segment and the launch of CNG motorcycle 'Freedom 125'

TVS to invest 200 mn pounds in Norton Motorcycles; India launch on plan

The Solihull, UK-based company seeks to expand in the US, Germany, France, Italy, and India, TVS said

JSW MG to launch 5 cars in next 12 months: CEO Emeritus Rajeev Chaba

MG currently sells five models in India -- Hector, Gloster, Astor, Comet and ZS. The first three are internal combustion engine-run cars while the last two are electric cars

The Balancing Act: Budget expectations of India's automobile sector

At the heart of the debate lies the future of automotive propulsion technologies