Page 28 - Auto Industry

Car dealers may have to pay 18% GST on sale of demonstration cars

The ruling has evoked sharp criticism from experts who say it may lead to litigation

Over 90% of fund gets used before FAME deadline; supports 1.5 mn vehicles

Government officials stated that some more funds will also be utilised for vehicles that were sold before 31 March but have not yet applied for incentives

Domestic PV sales rise by just 1.76% due to high base effect, elections

This year, the growth is anticipated to be modest, likely in the single digits

A Chinese invasion of the auto landscape

As seen in Australia, tariff cuts may have an unwelcome outcome for domestic car makers

Q4 results: Demand for SUVs drives Maruti Suzuki earnings rises 47%

The firm's consolidated annual net profits for 2023-24 surged to Rs 13,488.2 crore, marking a 63.2 per cent Y-o-Y increase

Chinese electric vehicle suppliers prefer tech tieups, shun 'risky' JVs

China is the largest cell and battery manufacturer in the world. Its companies have explored a possible entry to India but did not proceed due to stringent FDI norms for companies from China

Macquarie Group drives in $1.5 billion EV fleet electrification play

It's designed to speed up adoption of EVs and support India's e-mobility transition

Bajaj Auto Q4 results: Standalone PAT rises 35% to Rs 1,936 crore

Bajaj Auto records highest ever PAT, revenue in FY24

Bajaj Auto board approves Rs 2,250 crore capital in NBFC subsidiary

Offers another Rs 2,250 crore liquidity support

Daimler's first electric truck 'eCanter' set for India debut in 6-12 months

The German firm aims for its new trucks and buses to be carbon-neutral in Europe, Japan, and the USA by 2039, and globally by 2050

Rajasthan enters fray to attract Tesla India plant ahead of Musk's visit

Preliminary talks on with automaker; proximity to NCR seen as an advantage

We have a team that innovates with data science and AI: DTICI MD & CEO

Vaidya talks about how the centre is driving innovation for the company and the growing importance of data and AI in the automotive industry

Silent drive: Electric vehicle capital Hosur navigates the election circuit

Beyond the buzz of Ola and Tata, Hosur ignites India's electric evolution, quietly

Nearly one in two luxury cars sold in March quarter was Mercedes Benz

Overall luxury car sales have grown 14% in first three months of 2024

Govt approves 11 EV manufacturers for receiving incentives under EMPS

EMPS scheme offers subsidies for e2W and e3W to sustain the growth in EV sales in the country

Maruti Suzuki adds new line, to boost manufacturing capacity by 4.5%

India's largest carmaker operates three manufacturing plants across the country

Musashi appoints Naoya Nishimura as CEO for India and Africa region

Previously, Naoya Nishimura was the global Chief Research & Development Officer at Musashi

Electric two-wheelers surge in March: Has the tipping point indeed arrived?

The new EMPS, valid for four months, halved the subsidies per KWH (kilowatt hour, a measure of battery capacity) to Rs 5,000 per vehicle

Govt asks Tesla to lay down investment plans for EV plant in India

Vietnamese automaker VinFast recently broke ground on an EV manufacturing facility in India's southern state of Tamil Nadu

Honda Cars India names Ryuto Shimzu as new director of marketing-sales

Honda Cars India on Thursday said it has appointed Ryuto Shimizu as the company's new Director (Marketing & Sales). He replaces Yuichi Murata who has moved to Honda Mexico as President. Shimizu has been associated with Honda for over 25 years and has worked across several international markets during the span of his career including Japan, China and Thailand, the automaker said in a statement. He has worked across the domain of marketing & sales including product planning, overseas operations, and business planning, among others, it added. Prior to joining Honda Cars India, he was in-charge of the Business Planning Office at Honda Automobile (Thailand) Co Ltd from 2021-2023.