Page 10 - Automobile Industry

Rs 69K cr capital expenditure to fuel Suzuki's India growth engine

SMC aims for 4 million units of annual manufacturing capacity to meet in India and expand as a global export hub

Mercedes-Benz cuts costs, renews focus on combustion engine models

The German luxury carmaker will release 19 new combustion engine models and 17 battery-electric cars by the end of 2027

Ola Electric renegotiates registration agency contracts; no impact on sales

Ola Electric, India's largest electric scooter maker, on Wednesday announced it is renegotiating contracts with its vehicle registration agencies- a period during which actual sales will not be impacted but the registration numbers showing on the government's VAHAN portal may see a temporary blip. In a stock exchange filing, Ola said it is discussing revising existing agreements with Rosmerta Digital Services Private Ltd and Shimnit India Private Ltd as part of a sales overhaul. This will "temporarily affect" registration numbers reflecting on the VAHAN portal in February. "We are renegotiating the terms of agreement with our agencies, namely Rosmerta Digital Services Private Ltd and Shimnit India Private Ltd, to reduce cost and enhance registration process efficiencies. Due to ongoing negotiations and optimisation of the registration process, our registration numbers for the month of February 2025 (on VAHAN portal) will be temporarily impacted. Our sales continue to be strong ...

Donald Trump set to announce new tariffs on automobiles around April 2

The move is the latest in a rapidly widening trade war as Trump delivers on his campaign pledges to institute sweeping tariffs on US allies and rivals alike

Demand woes lead to valuation downgrades for Bharat Forge's stock

BHFC's Q3FY25 standalone revenue dropped 7 per cent Y-o-Y at Rs 2,100 crore, while operating profit dropped 5.5 per cent (unadjusted) at Rs 610 crore

Mahindra electric origin SUVs get bookings of over 30,000 units on day 1

The split between the XEV 9e and BE 6 is 56 per cent and 44 per cent, respectively. Deliveries will begin in the latter part of March 2025

Electric vehicle sales surge in January on renewed subsidy push: Fada

Second Half of 2024 saw higher EV sales, peaking in Oct at 219,482 units

M&M Q3 Preview: Profit may zoom up to 22% YoY to Rs 2,981 cr; Ebitda 39%

M&M is expected to report strong performance for Q3FY25, driven by solid growth across its automotive and tractor segments

Will not pay Northvolt for battery joint venture stake, says Volvo Cars

The automaker last week agreed with Northvolt to take over its stake in the venture, which included a planned Gothenburg battery cell factory, without disclosing the amount involved

HCLTech partners with ChargePoint to drive EV charging technology

IT services company HCL Technologies (HCLTech) on Thursday announced a collaboration with ChargePoint, a provider of networked charging solutions for electric vehicles, to drive innovation in EV charging software. According to a release, HCLTech has set up an advanced research and development centre for ChargePoint in Bengaluru. The centre, inaugurated on Thursday by leadership from both companies, will serve as a central hub for ChargePoint's software development efforts in India. It aims to leverage HCLTech's engineering capabilities by way of an agile, product-focused operating model, to help ChargePoint deliver scalable and customisable EV charging experiences. "India has long been vital to our success, and this is a critical region for our software development. We aim to recruit the brightest talent for this new facility, developing the products which will shape the future of our industry," Rick Wilmer, CEO of ChargePoint, said. Ajay Bahl, Chief Growth Officer, Americas, ...

Automobile retail sales rise 7% in January, PV segment up 16%: Fada

Automobile retail sales in India rose 7 per cent year-on-year in January at 22,91,621 units, driven by robust demand across segments, dealer's body FADA said on Thursday. Overall retail sales stood at 21,49,117 units in January 2024. "Our observations indicate that each vehicle category --2W, 3W, PV, tractor and CV-- witnessed positive momentum, pointing toward sustained consumer confidence and steady market recovery," the Federation of Automobile Dealers Associations (FADA) President C S Vigneshwar said in a statement. Passenger vehicle retail sales jumped 16 per cent year-on-year to 4,65,920 units last month. Many dealers noted improved demand but also pointed to last year's heavy discounting, which helped clear older models and shift registrations, Vigneshwar said. Inventory levels have improved, dropping by around five days to 50-55 days, suggesting improved supply-demand balance, he added. Two-wheeler retails stood at 15,25,862 units last month, an increase of 4 per cent, as

Hero MotoCorp Q3 Preview: Net profit may climb up to Rs 1,130 crore YoY

Hero MotoCorp is expected to report a steady performance for Q3FY25, with revenue growth driven by higher average selling prices (ASPs) rather than volume growth, analysts said

Suzuki Motorcycle sales rise 14%, Ashok Leyland's up 8% in January

Two-wheeler maker Suzuki Motorcycle India on Monday said its total sales spiked 14 per cent at 108,921 units in January over the same month of last year. The company, which is the two-wheeler arm of the Japanese auto major Suzuki Motor Corporation, had sold a total of 95,762 units in January 2024, Suzuki Motorcycle India Pvt Ltd said in a statement. The domestic sales during the previous month was up 9 per cent 87,834 units compared to 80,511 units sold in the same month last year while the exports saw a strong 38 per cent year-on-year growth, reaching 21,087 units in January 2025, as against 15,251 units in the period year-ago, the company said. Suzuki Motorcycle also added that with the close of January 2025, it has achieved cumulative sales of 10,40,025 units in FY 2024-25 so far, surpassing its annual production capacity of 10 lakh units.

Vehicle prices face $3,000 increase as Trump tariffs hit auto sector

The duties would immediately hit almost one quarter of the 16 million vehicles that are sold in the US each year, as well as the parts and components that go into them

Union Budget 2025-26: Tax relief, lower duty likely to aid auto sales

Experts say Budget announcements may boost sales of small as well as used cars

Budget 2025: Agri focus, tax cut to build positive momentum for auto sector

The budget's focus on agriculture and tax relief for individuals is likely to spur demand triggering a positive effect on the automobile industry, industry players on Saturday. Auto industry body SIAM noted that the government is focused on long-term sustained economic growth. "The specific focus on rural prosperity and agriculture, coupled with reforms in the personal income tax, is likely to have a positive effect on the auto Industry, and will help in creating demand," SIAM President Shailesh Chandra said in a statement. As the industry transitions into cleaner powertrains, it will specifically benefit from the National Manufacturing Mission, which supports clean tech manufacturing for batteries, motors and controllers, he added. "Furthermore, the exemption of critical minerals (e.g. Cobalt, Lead, Zinc etc.), scraps of Lithium-ion battery, and 35 additional capital goods from customs duty will help create a strong EV ecosystem in the country," Chandra said. The industry is also

Tata Motors total vehicle dispatches decline 7% to 80,304 units in January

Tata Motors on Saturday said its total vehicle dispatches declined 7 per cent year-on-year to 80,304 units in January. The auto major dispatched 86,125 units in January 2024. Total domestic sales declined 7 per cent year-on-year to 78,159 units last month, as compared to 84,276 units in the year-ago period, Tata Motors said in a statement. Total commercial vehicle sales stood at 31,988 units last month, as compared to 32,092 units in January 2024. Total passenger vehicle dispatches declined 11 per cent year-on-year to 48,316 units in January, as against 54,033 units in the year-ago period.

Carmakers race to build EV charging infra, but challenges persist

The big push for charging stations is understandable. Range anxiety remains a worry for customers, more so in the case of electric cars

After Fronx, Maruti Suzuki India starts exporting Jimny to Japan

MSIL launched the Jimny in India in June 2023 and started exporting it to various countries in Latin America, the Middle East, and Africa from October 2023

Analysts bullish on Maruti Suzuki post Q3, positive on CNG, EV growth

The Maruti Suzuki's e-Vitara electric vehicle (EV) is expected to fuel long-term growth, especially with strong export potential, analysts said.