Page 8 - Auto Sector

Price parity with ICE-run cars important for EV boom: Kia's Hardeep Brar

About 99,165 electric cars were sold in India in 2024, recording 20 per cent year-on-year growth, according to FADA

Indian mobility market set to double by 2030, exceeding $600 bn: Report

The Indian mobility industry is expected to double and surpass USD 600 billion by 2030, a report by Google and Boston Consulting Group said on Saturday. According to the Think Mobility Report, emerging revenue pools such as electric, shared, and connected mobility are poised to contribute USD 100 billion to the total market by 2030 while a majority of the revenue will come from classic revenue pools comprising classic components, sale of new ICE (internal combustion engine) vehicles, finance and insurance etc. "The Indian mobility industry is charting its unique course, poised to double and cross USD 600 billion by 2030," the report said. Share of four-wheeler (4W) electric vehicles (EV) is expected to grow in the range of 15-17 per cent by FY'30 from 2.2 per cent in FY'24 while 2-wheeler (2W) EV share is estimated to grow to 35-40 per cent from 5.4 per cent during the reported period. Around 51 per cent of respondents in the study, expressed concern on non-availability of EV charg

China's BYD launches Sealion 7 EV in India, deliveries to begin in March

The company did not give details of pricing as it started accepting bookings for the vehicle at the Bharat Mobility Global Expo 2025 in New Delhi

India's automobile industry will be number one in next 5 years: Gadkari

India's automobile industry will be number one in the world in the next five years, Union Minister Nitin Gadkari said on Saturday, highlighting that the industry has created 4.5 crore jobs till now, the highest in the country. Addressing a Federation of Automobile Dealers Association (FADA) event, the road transport and highways minister further said demand of Indian automobile products is very high globally. "The size of Indian automobile industry is now Rs 22 lakh crore. I am confident that within five years, the Indian automobile industry will be number one in the world," he said. Presently, size of the US automobile industry is Rs 78 lakh crore, followed by China (Rs 47 lakh crore) and India (Rs 22 lakh crore). Gadkari further said when he took charge of the transport ministry in 2014, the size of the automobile industry was Rs 7.5 lakh crore and today its size is Rs 22 lakh crore. According to the minister, the automobile industry has created 4.5 crore jobs till now -- the .

Maruti Suzuki aims to become India's largest EV maker within a year

Company's new launch e-Vitara will be available with a range of more than 500 km

Lotus Emira makes a stunning debut in India with a Rs 3.22 crore price tag

The new Lotus Emira is the British automaker's only ICE model in India, on sale as a completely built unit. It's a lightweight mid-engine sports car joining the Electre electric SUV in India

Renault's big plans: Facelifts for Kiger & Triber, Duster to return in 2026

French automaker Renault is set to refresh its lineup with mid-life updates, marking a change after a four-year gap from introducing new models or major upgrades

Honda Elevate Black Edition launched, price starts at Rs 15.51 lakh

The Honda Elevate special edition is available in two variants: the Black Edition and the Signature Black Edition, both based on the top-end ZX trim and offered with manual & CVT transmission options

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?