Page 15 - Auto Sector

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

The localisation story of Elon Musk's Tesla: India versus China deal

The Tesla factory in China, on the other hand, sources 95% of its components locally after 5 years

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

Volume growth, softer commodity prices to drive Q4 margins of auto firms

26% volume growth seen in two-wheelers and 12% in passenger vehicles

Tata Motors: Positives fully priced in, analysts still upgrading the stock

Company expects to improve EV penetration and expand margins in CV segment

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

Tata Motors and Shell partner to expand EV charging network in India

This collaboration is expected to address the challenge of limited charging infrastructure, which is a major hurdle for the wider adoption of electric vehicles in India

Muted exports for auto sector in FY25 amid weak overseas demand: Ind-Ra

A slowdown in demand from both domestic commercial vehicle manufacturers and subdued exports could limit revenue growth to a range of 6-8 per cent year-over-year

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

Stocks to Watch today: TaMo, Axis Bank, RIL, Muthoot Microfin, auto shares

Stocks to watch on Tuesday, April 09, 2024: Tata Motors JLR sales rose 11% in Q4; Bain Capital to sell balance stake in Axis Bank; FADA warns of slower retail auto sales.

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

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

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

BMW Group, Tata Technologies partner for automotive software hub in India

The JV will deliver automotive software solutions for BMW's premium vehicles and digital transformation solutions for its business IT

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