Page 8 - Auto Sector

Surpassed Japan, now aim is to become no 1 in auto segment: Gadkari

Union minister Nitin Gadkari on Thursday highlighted the growth of the country's auto sector in the past few years, during which it became the third biggest player in the segment, and said the aim is to become number one. "...our number was seventh in the world but we are third in the automobile sector... we surpassed Japan and now our number is third," Union Road Transport and Highways Minister said while addressing a function at National Automotive Test Tracks (NATRAX) here. "The size of the USA automobile sector at the top (of the table) was Rs 78 lakh crore industry size, while that of China was Rs 47 lakh crore," Gadkari said. "When I took charge of the minister. The size of the industry was Rs 7.5 lakh crore and today its size is Rs 22 lakh crore. And this is the industry, which has created 4.5 crore jobs till now -- the highest in the country. "This is the automobile industry, which is giving maximum revenue as a part of GST to the state government and Bharat Sarkar," he ...

Advik to acquire German braking system manufacturer Powersports MTG

Global automotive components maker Advik on Tuesday said it will acquire German mechanical and hydraulic braking system manufacturer Powersports MTG for an undisclosed sum. The acquisition will create additional expertise for Advik in premium motorcycle safety components, which will also drive technologies in the large segment of ICE (internal combustion engine) and electric-powered commuter motorcycles and scooters, it said. The buyout brings Advik into the list of advanced brake system suppliers, aligning with its growth trajectory, and would help the company establish its footprint in Europe, from where it can expand and service its customers at its doorstep, Advik said. Besides, the acquisition will also expand its product range and customer base, said Advik, which is aiming to enhance the development of next-gen braking solutions. "This acquisition of the two-wheeler braking system of MAGURA, not only brings advanced technology for hydraulic braking and clutch systems to a lar

Volkswagen Golf GTI to rev up India's hot hatch scene in August 2025

Volkswagen will bring the Golf GTI under the government's homologation-free import scheme which allows imports of 2,500 units without meeting local testing norms

BMW 1 Series to return with a facelift, as the brand's entry point model

While BMW enthusiasts await the launch of the revamped 1 Series along with the 2 Series Gran Coupe this year, the limited edition Skytop concept is also expected to be available for Indian buyers

Kia Syros pre-bookings open: A premium SUV with bold design and features

Kia Syros is a sub-4 metre SUV positioned between the Kia Sonet and the larger Kia Seltos. Set to launch on Feb 1, Syros will cater to buyers seeking a balance of sophistication and practicality

Maharashtra sees 12.32% rise in new vehicle registrations in 2024

More than 28 lakh new vehicles were registered in Maharashtra in 2024, a 12.32 per cent increase from 25.63 lakh registrations in 2023, as per official data. Overall, 28.79 lakh vehicles were registered, including 20.50 lakh two-wheelers and around 4.50 lakh cars, a 12.32 per cent jump from 25.63 lakh vehicles registered in 2023. Other vehicles include more than 1.20 lakh trucks, over 9,800 public service buses, 87,300 three-wheelers, and 84,500 tractors. At 3.02 lakh, the highest number of vehicles were registered at the Pune RTO (Regional Transport Office), followed by 1.26 lakh at Thane RTO and 1.19 lakh at Pimpri-Chinchwad RTO. Pune RTO saw a 3.23 per cent rise in registrations compared to 2.92 lakh in 2023, while Thane and Pimpri-Chinchwad recorded an increase of 12.62 per cent and 7.77 per cent, respectively. Maharashtra Transport Commissioner Vivek Bhimanwar told PTI that they have to frequently open new vehicle registration series at Pune RTO due to high registrations. "A

Automakers' stocks drive share market higher in first session of 2025

(Reuters) -India's benchmark indexes rose on the first day of 2025, led by auto stocks that were boosted by a rise in monthly sales for top carmaker Maruti Suzuki and peer Mahindra & Mahindra.

Kia Sonet facelift hits 100,000 sales mark, petrol engine tops preferences

The updated Kia Sonet facelift went on sale in India in January 2024 and the Korean brand has sold more than 9000 units of the Kia Sonet facelift per month since its launch

Maruti Suzuki Dzire clocks three million production milestone in 17 yrs

Maruti Suzuki has manufactured more than three million units of the Dzire sedan since it was first launched in 2008, while has exported around 260,000 units to 48 countries

JSW MG Motor to unveil three new models at Bharat Mobility Global Expo 2025

MG Motor India confirmed showcasing three new models across three new categories, including the MG Cyberster electric sports car, at the upcoming Bharat Mobility Global Expo 2025

Mercedes-AMG CLE 53 Coupe to hit Indian roads in 2025 with sportier design

The new Mercedes-AMG CLE 53 will come with a wider stance and enhanced style, powered by the 'M256' 3.0-litre twin-turbo six-cylinder engine coupled with a 48V mild-hybrid system

Bajaj Auto, Hero Moto seen testing key supports in 4 yrs; Is the fall over?

After rallying up to 88% in 2024, Bajaj Auto and Hero MotoCorp have declined up to 33% from their respective peaks in the last 3 months. Is it time to buy these stocks or wait for further fall?

Driving sustainability: Ride-hailing firms accelerate EV growth plans

As BluSmart strengthens its presence, other platforms in the ride-hailing and electric mobility segment are also putting their expansion plans in fast lane

Tata Motors share races 6% in 3 days as most brokerages upbeat on outlook

The northward move in the Tata Motors share today came after domestic brokerage DAM Capital upgraded Tata Motors to 'Buy' from 'Neutral'

Women in auto sector grapple with low wages, surging finger injuries

It reveals a worrying surge in crush injuries among women, with cases increasing from 19 in 2019 to 321 in 2024

Here's all you need to know about auto industry's journey for 2025

Traversing from being just vehicle manufacturers to mobility solutions providers amid a raging debate over which eco-friendly technology must be incentivised, the Indian automobile industry is driving in the new year under the shadow of a slowdown in sales with the post-pandemic pent-up demand in distant memory. The shift in the auto industry -- where advanced technologies like autonomous driving, vehicle intelligence, connected features and electrification are quickly gaining traction -- will be reflected in the upcoming Bharat Mobility Global Expo in which India's flagship Auto Expo has been clubbed to be held from January 17-22, 2025 in Delhi-NCR. With India making its presence felt in the global automotive landscape, automakers are expected to showcase their new models with varied powertrain technologies across multiple price points, catering to different sets of customers at the expo as the adoption of environment-friendly cars is slated to gather pace in 2025. While electric .

Lower-paid workers at higher risk of severe injury in auto sector: Report

The report, Crushed 2024, is the sixth annual study on the state of worker safety in the Indian auto sector

Bharat Mobility Global Expo to see higher footfalls this year: EEPC

The second edition of the Bharat Mobility Global Expo, scheduled to be held at three different venues in the National Capital and Great Noida, is expected to see more than three times footfalls this year compared to the inaugural version year, Engineering Exports Promotion Council (EEPC) said here on Thursday. It is also expecting a higher participation from the exhibitors. The council also said that Prime Minister Narendra Modi may inaugurate the six-day Bharat Mobility Global Expo 2025. To be spread across more than 2,00,000 sq metres with concurrent shows, featuring automobile, auto component and construction equipment segments, among others, across three venues -- Bharat Mandapam in New Delhi, Yashobhoomi in Dwarka (West Delhi) and the India Expo Centre & Mart in Greater Noida, the mega event is likely to see half-a-million visitors this year compared to 1.5 lakh visitors at the 2024 edition, EEPC Chairman Pankaj Chadha told reporters here. "The Bharat Mobility Expo 2025 ...

EV launches in India to double in 2025, SUVs dominate new lineups

Industry leaders such as Maruti Suzuki, Tata Motors, Mahindra & Mahindra, Hyundai, and MG Motors are gearing up to introduce a range of EVs in India

Japan's auto giants Honda, Nissan Motor to soon begin merger talks

The two companies are looking to operate under a single holding company and are expected to soon sign a memorandum of understanding for the new merged entity