Page 11 - Automobile Industry

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.

Bajaj Auto gets mixed reactions from brokerages after muted Q3 results

Despite the strong export performance, the overall Q3 results were seen as somewhat lacklustre, leading to mixed reactions from brokerages

Transport ministry proposes more sops for scrapping vehicles with BS-II

With an aim to get rid of high-polluting vehicles, the transport ministry has proposed to double the rebate up to 50 per cent in one-time tax on purchase of new vehicles after scrapping those with BS-II and earlier emission standards. At present, a discount of 25 per cent in Motor Vehicle tax is provided on purchase of a new vehicle after scrapping old personal vehicles, while the rebate is capped at 15 per cent in case of commercial vehicles. The Ministry of Road Transport and Highways (MoRTH) in a draft notification issued on January 24 said up to 50 per cent discount would be applicable for all vehicles, both commercial and personal, that are BS-I compliant or were manufactured before the BS norms were introduced. According to the draft notification, this discount would be applicable in case BS-II vehicles that fall under medium and heavy private and transport vehicles. The BS-I carbon emission norm for vehicles became mandatory in 2000, while the BS-II came into effect from ...

Demand revival in EMs drives 19% growth in automobile exports in 2024

Automobile exports from India rose 19 per cent year-on-year in 2024 led by a robust dispatch of two-wheelers, passenger vehicles and commercial vehicles, according to SIAM data. Overall shipments rose to 50,98,810 units last year, up 19 per cent from 42,85,809 units exported in 2023. "Last year saw revival in demand for the Indian automobiles from emerging markets like Latin America and Africa," Society of Indian Automobile Manufacturers (SIAM) Director General Rajesh Menon told PTI when asked about reasons for exports growth last year. In 2024, passenger vehicle exports grew 10 per cent to 7,43,976 units as compared to 6,77,956 units in January-December period of 2023. Utility vehicle shipments rose 33 per cent year-on-year to 3,23,621 units while van shipments also jumped 14 per cent annually to 8,207 units. Passenger car dispatches, however, declined 4 per cent last year to 4,12,148 units as compared to 4,27,876 units in 2023. Two-wheeler exports rose 23 per cent to 39,77,162

Pure EV plans Rs 400 cr unit, in talks with Tamil Nadu, Karnataka, others

At present, it has a manufacturing capacity of around 50,000 units. The company sold around 12,800 vehicles in 2024 and expects this to reach 25,000 units in calendar year (CY) 2025

Tata Sierra Petrol makes its debut at the Bharat Mobility Global Expo

The Tata Sierra showcased at the auto show was the near-production model and will come with a new 1.5-litre Hyperion turbo petrol engine

Budget 2025: e2W makers call for GST rate cuts, relook at PM E-DRIVE plan

Industry stakeholders have also highlighted the need for consistent policy support and investments in skill development to ensure the sector's long-term sustainability

Multiple launches prove EVs sole alternative for decarbonisation: Merc

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