Page 33 - Auto Industry

FAME must include tractors and LCVs: TII's exec chairman Arun Murugappan

Murugappan discusses the EV road map, semiconductor plans, and the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India III (FAME III) wish list

PMI Electro Mobility faces subsidy fraud allegations under FAME scheme

The Ministry of Heavy Industries has now formed a team for a second probe into the allegations against PMI Electro

European auto company Skoda-VW hits 1.5 million output mark in India

30% of the Group's India production is exported

BluSmart launches BluSmart Charge app, opens EV charging service to public

Alongside the charge app launch, BluSmart also expanded its charging infrastructure network and achieved a significant milestone by opening its 50th EV charging hub

Expect sales to grow faster than industry this fiscal: JLR India official

Tata Motors owned Jaguar Land Rover expects to grow faster than the luxury car segment this fiscal, as it bolsters localisation and expands product range, according to a top company executive. The company, which is set to commence local assembly of Range Rover and Range Rover Sport in India, witnessed a sales growth of 81 per cent in 2023-24 fiscal year at 4,436 units, as compared to FY23. The automaker aims to double its business in India over the next three years. "The luxury car segment grew in the range of 20-25 per cent last fiscal. We expect that the growth rate will remain in this range for the next couple of years. And we anticipate to beat this growth rate," Jaguar Land Rover (JLR) Managing Director Rajan Amba told PTI in an interaction. Initiatives like enhanced localisation of products, which would lead to reduction in prices and expansion of sales network in the country would help the company in growing faster than the industry, he added. Citing reports, Amba noted tha

Mahindra Scorpio N Adventure edition rolled out in South African market

The off-road-ready Mahindra Scorpio N Adventure edition has been launched in South Africa. However, there are no reports of Mahindra bringing it to India

Large order book, EV demand drive auto parts maker Sona BLW growth

Company gains market share in its top three markets of North America, India, EU

Tata Motors to invest Rs 43,000 crore in products and technologies in FY25

Analysts expect JLR margins to remain stable

Role of advanced tech, critical materials more pronounced: Industry

The industry and the government should focus on getting technology from Chinese companies rather than allowing China to control the technology

Passenger vehicle, 2W exports rose by over 20% in April: Siam monthly data

Two-wheeler exports up by 24.3% and passenger vehicles by 21.1% Y-o-Y

Tata Motors Q4 results: PAT grows three-fold, India biz now debt free

For the full year, the auto giant posted a 12-fold jump in net profit to Rs 31,806 crore

Auto retail sales up 27% in April, passenger vehicles make record

Two-wheeler segment grows strongest due to 'positive impact' of elections, says FADA

Tata Motors tops Indian auto market with Punch Mini SUV, beats Maruti

In March 2024, Tata's Punch achieved a significant milestone by outselling Maruti's long-reigning WagonR, with 17,547 units compared to 16,368 sold by the latter

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