Page 6 - Auto Industry

TVS Motor Q2 results: Profit jumps 42% on festive demand, record sales

Driven by festive demand and strong domestic growth, TVS Motor posted record sales of 1.51 million units and launched four new models in the September quarter

GST cut, festival demand fuel two-wheeler sales boom in October

Hero, Honda lead record monthly sales as consumers snap up bikes

Passenger vehicle exports rise 18% in Apr-Sep, Maruti Suzuki leads: Siam

Passenger vehicle exports from India rose by 18 per cent year-on-year in the April-September period with Maruti Suzuki leading the segment with shipment of over 2 lakh units, according to the SIAM data. Total passenger vehicle exports in the first half of the current fiscal year rose to 4,45,884 units as compared with 3,76,679 units in the year-ago period, an increase of 18.4 per cent. Passenger car shipments rose to 2,29,281 units in the period under review, an increase of 12 per cent as against 2,05,091 units in the April-September period of 2024-25. Similarly, utility vehicle exports to overseas markets rose 26 per cent year on year to 2,11,373 units in the April-September period of the current fiscal. Van shipments rose 36.5 per cent year on year to 5,230 units in the first half of the current financial year. Maruti Suzuki's exports rose to 2,05,763 units in the period under review, an increase of 40 per cent as compared with 1,47,063 units in the same period a year ago Hyund

Norton bikes will be available in India after April: TVS Motor's Venu

Venu talks about the road ahead, the journey of its 127-year-old global premium brand Norton Motorcycles, its India launch, and electric vehicle plans

India's auto deals hit $4.6 bn in Q3, driven by outbound M&A, EV growth

Excluding the Tata Motors transaction, deal values fell 36 per cent quarter-on-quarter (Q-o-Q), indicating that large strategic bets continue to drive overall momentum

Dhanteras engine fires up auto market: Over 100K cars delivered in 24 hours

GST 2.0, small-car revival accelerate biggest single-day PV sales in history

Auto dealers move Supreme Court over ₹2,500 crore compensation cess

While the industry body has reiterated its support for the reform, it said the move was aimed at ensuring fairness for thousands of MSME auto dealers impacted by the transition

Passenger vehicle dispatches up 4% in September to 372k units: Siam

Passenger vehicle dispatches from companies to dealers rose four per cent year-on-year in September to 3,72,458 units, industry body SIAM said on Wednesday. The overall passenger vehicle dispatches last month rose 4.4 per cent to 3,72,458 units, as against 3,56,752 units in September 2024. Two-wheeler sales witnessed a 7 per cent on-year rise to 21,60,889 units last month, as compared to 20,25,993 units in the year-ago period, Society of Indian Automobile Manufacturers (SIAM) said.

Share of small cars in sales up after GST cut: Maruti's Partho Banerjee

'Seeing a lot of people with helmets visiting our showrooms'

Tech Mahindra profit down 4.5%, sees limited impact from H-1B visa fees

New deal wins for the second quarter stood at $816 million, up 35.3 per cent from last year

Electric vs petrol cars: Gadkari says prices to equalise within six months

Gadkari said India's heavy dependence on fossil fuels is both an economic strain and an environmental challenge, noting that the country spends ₹22 trillion annually on fuel imports

Fuelled by GST rate cuts, car sales hit top gear in festival season

Maruti, Tata, Mahindra log record growth as Navratri demand lifts car sales; logistics bottlenecks emerge amid surge

Govt proposes sound alert system for all electric vehicles from Oct 2027

The Ministry of Road Transport and Highways has proposed making acoustic vehicle alerting system (AVAS) mandatory for all electric cars, buses and trucks with effect October 1, 2027, keeping road safety in mind. The ministry in a draft notification said that all new models of electric passenger and goods vehicles manufactured after October 2026 must be equipped with AVAS, a safety feature in EVs to emit an artificial sound to alert pedestrians and other road users about their presence. "Provided also that, on and after 1st October 2026 in case of new models and 1st October 2027 in case of existing models, electrified vehicles of category M and N shall be fitted with AVAS meeting requirements with regard to audibility as specified in AIS-173, as amended from time to time," the notification said. Electrified vehicles of Category M include electric cars and buses designed for passenger transport, while Category N comprises electric-powered trucks and goods vehicles. Countries like the

Hatchbacks to remain relevant in India despite global SUV trend: Fada

Amid the ongoing debate over whether entry-level small cars will stage a comeback in the GST 2.0 era, hatchbacks will maintain their market relevance despite the global trend of "SUVisation" across the auto industry, according to the automotive dealers' body Federation of Automobile Dealers Associations. While the country's largest carmaker Maruti Suzuki India, which enjoys a dominant position in the small car segment, expects about 10 per cent growth in the segment after the GST rate reduction, its rival Hyundai Motor India feels that micro SUVs like Exter and Punch will grow at the cost of hatchbacks as consumer preference has evolved. "This 'SUVisation' of the industry is happening throughout the world. It is not because India has bad roads...this whole thing about SUVs is not going to go away. It is going to be there for quite some time to come," Federation of Automobile Dealers Associations (FADA) President CS Vigneshwar told PTI. He, however, said that while SUVs give a purpos

Volkswagen plans India restructuring amid tax row and EV ambitions

In an internal memo, Volkswagen India chief said the group is committed to India, with plans to invest in new technologies and manufacturing despite shifting markets and rising competition

Bosch to axe 13,000 jobs in Germany as Tesla, BYD gain; Trump tariffs bite

Bosch said the cuts were necessary due to weak demand, rising costs and intensifying competition in the global auto market

China's EV boom burdens auto insurers with mounting, chronic losses

Over the past year, some Chinese insurers have hiked premiums or backed away from selling EV policies, leaving vehicle owners struggling to find affordable coverage

GST reforms: New regime, but old problems persist for car dealers

With new GST rates kicking in, auto dealers face uncertainty on recovering compensation cess from unsold stock, even as OEMs cut prices to spur festive demand

Auto firms tap digital universe, coaching staff to steer leads to showrooms

OEMs, too, are investing in dealer training and working to filter digital leads, besides using artificial intelligence (AI) tools to ensure better conversions

Auto discounts may shrink as GST reforms set to spur demand: Report

Anticipating a recovery in demand and improved earnings, Motilal Oswal has raised its FY26 and FY27 volume growth projections across all key automobile segments