Page 12 - Automobile Industry

China's auto exports may be slow in 2025, EV shipments to face zero growth

The outstanding growth in China in a largely stalling global EV landscape bode well for local leaders such as BYD , Geely and Xiaomi

More than 40 new product launches expected at upcoming auto expo, says govt

More than 40 new product launches are expected at the upcoming Auto Expo which will be held under the umbrella of Bharat Mobility Global Expo 2025 from January 17-22, a government official said on Tuesday. With visas continuing to be an issue, large scale participation of Chinese companies are unlikely although some of them are participating at the expo, Joint Secretary at Ministry of Commerce and Industry Vimal Anand said here at the sidelines of curtain raiser of 'Bharat Battery Show' which will also be a part of the Bharat Mobility Global Expo 2025. "Last year the mobility show was only held at Bharat Mandapam, but this year, we have multiplied it by three times and we are going to organise it at not only Bharat Mandapam, but also at Yashobhoomi (India International Convention Centre, Dwarka) and India Expo Centre & Mart, Greater Noida," he said. The auto show will be the main attraction, and along with automobiles other segments related to the sector, including battery show ...

MHI backs SIAM proposal for reducing GST on CNG-powered two wheelers

Ministry of Petroleum and Natural Gas (MoPNG) along with other key ministries also endorse the proposal

Citi initiates coverage with 'Buy' on Hyundai Motor India; share up 3%

The rise in Hyundai India share came after global brokerage firm Citi Research initiated coverage with 'Buy' for target price of Rs 2,250

Auto component companies focus on new markets, products as growth slows

According to a recent CRISIL report, while replacement demand will provide some support, export growth is expected to taper compared to the previous year

Auto majors end 2024 with positive sales growth driven by new launches

Riding on the back of new launches, major carmakers reported positive sales growth in Calendar Year 2024

Automotive leasing in India to account for 8% of sales in 5-8 yrs: ORIX

Mobility solutions and financial services provider ORIX Corporation India Ltd expects automobile leasing market in India to account for 7-8 per cent of the overall vehicle sales in the next 5-7 years, up from about 2 per cent currently with more younger people joining the workforce, its Managing Director and CEO Vivek Wadhera. With good traction in its business, the company expects 30-35 per cent higher profit this fiscal year compared to the last year, Wadhera told PTI in an interaction. "If you compare the Indian market to the western market, the overall leasing market in India is 1-2 per cent of the total number of automobiles sold," he said when asked how the automobile leasing market has been developing in the country. In 2024, passenger vehicle sales in India stood at 43 lakh units as per industry estimates. In the western market such as the US, or even Japan or China, the same percentage is 30-40 per cent, he added. There many customers don't buy vehicles but "Indians still

Tesla records 1.1% sales drop for 2024, first annual decline in 9 years

Tesla's global sales rose 2.3 per cent in the fourth quarter after a sluggish start to the year that contributed the electric car company's first year-over-year sales decline since at least 2015. The annual decline for the Austin, Texas, company came despite offers such as 0 per cent financing, free charging and low-priced leases. Tesla delivered 495,570 vehicles from October through December, boosting deliveries to 1.79 million for the full year. But that was 1.1 per cent below 2023 sales of 1.81 million as overall demand for electric vehicles in the US and elsewhere slowed. The fourth-quarter boost came with a cost. Analysts polled by FactSet expected Tesla's average sales price to fall to just over USD 41,000 in the quarter, the lowest in at least four years. That doesn't bode well for Tesla's fourth-quarter earnings, which the company said it would announce on January 29. In 2022, Tesla predicted that its sales would grow 50 per cent most years, but the prediction ran into an

In Norway, nine out of ten new cars sold in 2024 were fully electric

Fully electric vehicles accounted for 88.9% of new cars sold in 2024, up from 82.4% in 2023, data from the Norwegian Road Federation (OFV) showed

Domestic PV wholesales increase by 11% in December to 320,000 units

Annual PV sales growth stands at about 4.7 per cent

M&M, TVS & Uno Minda among top picks by Nuvama ahead of December auto sales

Nuvama analysts said December is expected to bring encouraging results for the industry. PVs are predicted to achieve double-digit growth, propelled by strong performances from M&M, Maruti & Toyota

India's car colour preference: White dominates, but black, blue intrigue

Data from Jato Dynamics highlights a shift in Indian car colour preferences, with bold and vibrant shades gradually gaining ground, though white continues to dominate for now

Can the Honda-Nissan merger transform India's automotive landscape?

Mitsubishi, in which Nissan is the largest shareholder, is also part of the merger talks but will decide by the end of January

Auto Sector news: Highlights of the day, Dec 24

Auto Sector news: Highlights of the day, Dec 24

Just 12 OEMs achieve 50% domestic value addition target in PLI-Auto

The champion OEMs include Tata Motors, Mahindra & Mahindra, Ola Electric Technologies, Eicher Motors, TVS Motor Company, and Bajaj Auto

Kia Syros 2025 variants explained: Bookings starting from January next year

The Syros, Kia India's much awaited compact SUV for the Indian automobile industry, is here. Prices are anticipated to be out next month with bookings opening on 3 January 2025

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 .

Kia India aims for 20% sales growth in 2025 driven by new launches

In 2024, the company expects its sales to remain at similar levels to those recorded in 2023

Kia Syros 2025: Launch, price, features, bookings and other key details

Kia India has launched the Syros, its fifth SUV in the Indian market. Kia's position in the SUV market is strengthened by this new model, which caters to a high-end market

WagonR turns 25: 3.2 mn sales keep Maruti's 'tall boy' on top in India

The model has enjoyed strong demand from both the fleet market and private buyers, maintaining its position as India's bestselling car for the last three years