Page 10 - Automobile Industry

JLR-Tata plant in Tamil Nadu will reach peak capacity in 5-7 years: TaMo

The company further added that the specific models and production timelines will be aligned with Tata Passenger Electric Mobility (TPEM) and JLR broader strategy and market requirements.

Carmakers dangle deep discounts to lure buyers back into showrooms

Benefits in March range from Rs 35,000-4 lakh price cuts on various models

Weak earnings, tougher financing norms drive auto retail sales down

PVs dip 10% in Feb; M&M breaks into number two spot for first time

Automobile retail sales drop 7% in February amid slowing demand: Fada

Automobile retail sales across categories, including passenger vehicles and two-wheelers, witnessed a drop of 7 per cent in February amid declining demand, dealers' body FADA said on Thursday. Overall retail sales in the domestic market stood at 18,99,196 units last month, registering a dip of 7 per cent compared to 20,46,328 units in the year-ago period. "February witnessed a broad-based downturn across all categories," Federation of Automobile Dealers Associations (FADA) President C S Vigneshwar said in a statement. During the month, dealers began expressing concerns about inventory being pushed to them without their consent, he added. "While such initiatives may serve broader business objectives, it is critical to align wholesale allocations with genuine demand to protect dealer viability and ensure healthy inventory management," Vigneshwar stated. Passenger vehicle retail sales declined 10 per cent year-on-year to 3,03,398 units in February. "Dealers noted weak market sentim

Tesla entering India with much fanfare but latter a challenging mkt for EVs

The potential impact on domestic EV manufacturers, government policies, and the broader market also remain subjects of speculation

Two-wheeler sales see mixed ride in February; exports remain bright spot

Enfield, TVS see growth while Bajaj, Hero struggle

Revolt expects volume sales to jump 3x in FY26, says Anjali Rattan

After unveiling the new model, Anjali Rattan told reporters: "The sales this financial year will be about 13,000-14,000 units. We expect the sales in the next financial year to be about 40,000 units"

Tesla recalls nearly 380,000 vehicles in US over power steering issue

Tesla said some 2023 Model 3 sedans and Model Y crossovers which run on older software may experience an overvoltage breakdown

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