Page 31 - Auto Industry

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.

EV push to create more jobs despite disruption to traditional roles: Report

The report also says that Pune, India's auto hub, should take the lead in a smooth transition to electric vehicles for Maharashtra

Bajaj Auto leads major 2W makers with highest domestic sales growth in FY24

TVS Motor's domestic sales jumped by 21.52 per cent Y-o-Y to 3.15 million units in FY24

Despite subsidy cuts, EV sales zoom 41% in FY24; penetration at 6.8%

The e2W category contributed around 60 per cent in the overall EV sales

AMO Mobility launches a new Jaunty i Pro high-speed electric scooter

Plans to manufacture 30,000 vehicles by FY25

Luxury car maker Audi India reports 33% rise in retail sales in FY24

The luxury car market in India is expected to maintain its growth trajectory, aiming to sell more than 50,000 units in 2024

Kia India looks to expand sales, service network to 700 touchpoints

Kia India on Friday said it is planning to have around 700 sales and service touchpoints in 300 cities by the end of the year. The automaker, which sells models like Seltos and Sonet, has 522 such touchpoints across 236 cities. The company said it is focussed on strengthening its presence in Tier-1 and Tier-2 markets, contributing 40 per cent to its total network strength. Kia India is also focused on expanding its touchpoints in the Tier-4 and upcountry markets, it added. "We have expanded our touchpoints network from 285 to 522 since starting our operations in India. As part of Kia's 2.0 strategy, we are aiming to close the year with over 700 touchpoints, thereby making Kia more accessible to our esteemed customers," Kia India National Head Sales & Marketing Hardeep Singh Brar said. The automaker is also committed to sustainability by introducing the green workshop concept and encouraging all its dealer partners to transition to eco-friendly workshops, he added. Kia India also

Bajaj Auto to invest over Rs 3,000 crore into finance subsidiary BACL

Bajaj Auto Credit Ltd is a wholly-owned captive finance subsidiary of BAL, established exclusively for financing two-wheelers and three-wheelers manufactured by BAL and its subsidiaries

Auto players line up array of new EV models in coming years on govt push

The Indian auto industry is gearing up to roll out an array of electric vehicle models over the next few years amid a renewed push by the government to encourage environment-friendly mobility solutions with the unveiling of a new policy. Mass market players like Maruti Suzuki, Hyundai, Mahindra & Mahindra and Tata Motors are lining up new models to cater to the demand across segments. Mahindra & Mahindra CEO Automotive Sector Nalinikanth Gollagunta told PTI that starting January 2025, the company will be rolling out five new battery electric vehicles in the coming years. "These electric SUVs will be built on Mahindra's innovative INGLO platform and aim to cater to a variety of consumers through their diverse range. The launch of these SUVs is part of Mahindra's broader strategy to lead in the electric vehicle sector, and we expect 20-30 per cent of our portfolio to be electric by 2027," he noted. Maruti Suzuki India Executive Officer (Corporate Affairs) Rahul Bharti said the ..

BluSmart to add 4,000 EVs of French carmaker Citroen to its fleet

As part of the initial phase, 125 Citroën ë-C3 electric SUVs were flagged off from BluSmart's EV charging superhub in Bengaluru

Auto companies target smaller towns as rural sales growth beats urban

The road infrastructure in rural areas is improving, leading to better demand for vehicles, OEMs say.

Auto retail sales jump 13%, PV sales scale record high in February

PV sales moved up by 12 per cent to 330,107 units as compared to 293,803 units in February last year

With growing economy, Siemens has high hopes from Indian biz, says exec

Rebellius, head of Siemens' Smart Infrastructure business, said India was a priority for future investments as it upgrades its electric grid and invests in renewable energy

Tata Motors to split CV, PV businesses into separate listed companies

Analysts feel move will allow them to fetch better valuation for PV business that houses the EV biz

SUVs power best ever car sales for February; two-wheeler sales rise

During February alone, the share of SUVs in sales was around 51.5 per cent. Rural growth cumulatively in 2023-24 was 11.7 per cent against urban growth of 8 per cent

Gensol says it has approval for its flagship two-seater electric car

Vehicle approved by Automotive Research Association of India will have driver assistance feature

Bringing a plug-in-hybrid for India makes no sense for Skoda: Senior exec

Automakers have to be 'flexible and agile' to act according to customers' wishes and government regulations, says Martin Jahn

Skoda Auto India to drive in Brezza, Sonet rival in first half of 2025

Plans four EVs for India over next few years