Page 3 - Auto Makers

Mahindra & Mahindra and Skoda Volkswagen to sign joint venture soon

The JV will include sharing of costs, technologies, and vehicle platforms but will not include sedans, SUVs, and premium brands like Audi, Porsche, and Lamborghini sold by Volkswagen and Skoda

M&M stock hits new high as m-cap nears Rs 4 trillion; zooms 100% in 10 mths

In three days, the stock of the Mahindra group automaker has rallied 11 per cent on reports of the top management of Skoda Volkswagen India looking to sell up to 50 per cent stake in the co to M&M.

After 2 years, Ford takes road back to India to make e-cars for export

Automaker's factory in Chennai will be repurposed after it stopped production in 2022

Goyal urges auto component makers to explore investment from EFTA countries

He asked to target $100 billion worth of automobile components' exports by 2030

Japanese Pioneer plans to scale up biz with Indian automakers for future

Japanese car audio and entertainment system maker Pioneer on Tuesday said it is eyeing partnerships with automakers in India as part of its future growth strategy. The company globally works with various automakers as a supplier of automotive items like infotainment systems, speakers etc. In India, however, the company's focus till date has been primarily on the aftermarket business. "In India, honestly, so far in the last 16 years, the focus was never on the OEM side, and which I would say, is a major shift. "So, going forward, one of the main growth agendas is going to be getting established in the OEM (original equipment maker) world," Pioneer India MD Aniket Kulkarni told PTI in an interaction. The partnerships with automakers is going to be one of the focus areas going forward, because in terms of growth, it has huge potential, Kulkarni stated. He noted that the company is already in talks with various automakers but declined to share details. "So, there are very active pro

Valuations, near-term headwinds keep brokerages cautious on Bosch

Sales growth of 4 per cent for the second-largest listed auto parts player by market capitalisation came from the mobility segment

South Korea's Hyundai Motor posts record Q2 profit on strong US sales

The automaker, however, warned of an uncertain outlook due to intensifying price competition as inflation and high interest rates squeeze consumers

Nissan to reboot India ops, lines up product launches over next 30 months

Japanese auto major Nissan is looking to introduce five models over the next 30 months, as it looks to reboot its operations in the fast-growing Indian car market. The company, which is selling just one model in the country currently, is planning to drive in two mid-size SUV models (one five-seater and one seven-seater), one electric SUV and a refreshed version of its compact SUV Magnite. The company has also unveiled the latest version of its premium SUV X-Trail, which will be imported into the Indian market as a completely built-up (CBU) model. "India is an important market for us, and we will be going in for a product offensive over the next two and half years, between FY24 and FY26," Nissan India President Frank Torres told PTI in an interaction. He noted that the company is looking at tripling its sales volume in the domestic and export markets by FY26. "In the next two and half years, we will enhance three times our volume in domestic as well as exports," Torres said. The .

Hybrid cars 'best solution' until non-fossil energy is widespread: Suzuki

EVs, hybrids could have 33 per cent share each in Indian market by 2035: Suzuki

Registration fee waiver criteria met: Hybrid carmakers to UP govt

Strong hybrid car sales won't affect growth of electric cars, they argue

Hyundai Motor India prepares for IPO filing, potential to raise $2.5 bn

Hyundai Motor India IPO: Indian unit of the Korean automaker is expected to file a DRHP with Sebi within the next two weeks

Fuelling change? M&M may consider hybrid tech shift if demand arises

Automaker puts EVs and ICE in the driver's seat amid hybrid emission concerns

Chinese EV maker Nio to launch one new car model per year under Onvo brand

Nio said on Thursday it would have a second Onvo model targeting larger families coming up next

We want fair auto market but no dumping, urges Germany's Scholz in China

"At some point there will also be Chinese cars in Germany and Europe. The only thing that must always be clear is that competition must be fair," Scholz said

India's consumption story gets a facelift as rural demand shows promise

FMCG companies have also witnessed a pick-up in rural areas.

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

'Panel to examine auto firms' requests for more incentives under PLI'

A government-formed panel will examine requests from auto manufacturers seeking quarterly incentive payouts and inclusion of more components under the production-linked incentive scheme, according to an official on Monday. "This year, the incentive (under Auto PLI) will be given annually but a committee has been formed in the ministry that will look into the requests of OEMs (Original Equipment Manufacturers). "One of the requests is that certain (Advanced Automotive Technology) AAT components be included. We have only 103 components," Additional Secretary in the Ministry of Heavy Industries Hanif Qureshi said. In January, Union Heavy Industries Minister Mahendra Nath Pandey told PTI that the government constituted a committee to examine the auto industry's demand for including more components in the PLI scheme for automobile and auto components. The committee will be chaired by an Additional Secretary in the Ministry of Heavy Industries and will have 11 members, including those fr

Tata Motors reports 8% wholesales increase in February at 86,406 units

Tata Motors on Friday reported an 8 per cent rise in its total wholesales to 86,406 units in February as compared with 79,705 units in the same month last year. The total domestic sales stood at 84,834 units last month against 78,006 units last month, a growth of 9 per cent, Tata Motors said in a regulatory filing. Sales of passenger vehicles, including electric vehicles, in the domestic market, were at 51,321 units as compared to 43,140 units in the year-ago month, up 19 per cent, it added. Total commercial vehicle sales declined by 4 per cent last month to 35,085 units from 36,565 units in February 2023, it added.

Sona BLW shifts gear with order boost from electric vehicle space

Firm's efforts to broaden portfolio, scale-up, and diversify customer base will lead to strong earnings growth: Analysts

CV growth worries, sustainable margin gains key concerns for Bosch

While localisation efforts and margin improvement are medium-term positives, the immediate trigger is the healthy Q3 show