Page 13 - Automobile Industry

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

Foxconn in talks with Nissan shareholder Renault, says Taiwan's CNA

Honda, meanwhile, has threatened to end its strategic software partnership with Nissan if it looks to join hands with Foxconn, Nikkei said in an earlier report

Zero-commission model can raise driver incomes, says ONDC white paper

It reveals how open network models such as zero commission boost inclusive growth and strengthen local economies

Magenta Mobility to add 10,000 EVs over next FY; to expand to new cities

Electric mobility firm Magenta Mobility on Monday said it plans to add 10,000 electric vehicles -- both three and four-wheelers -- over the next financial year and is also looking at expanding into new cities such as Nashik, Nagpur, Vijayawada, Indore and Kolkata, among others. The company also said that after establishing a strong presence in the electric three-wheeler space, it is now aggressively expanding into the four-wheeler category. With a fleet exceeding 500 electric cargo four-wheelers, Magenta Mobility is transforming urban and intercity logistics, it said. Building on its leadership in the three-wheeler EV segment, where it serves major clients in the e-commerce space, Magenta Mobility is now aggressively expanding into the four-wheeler category, the company said. The company has launched interstate services across key corridors, including Rajasthan-Haryana-Delhi, spanning over 180 kilometres, and Delhi-Haryana-UP, covering more than 140 kilometres, it said, adding, ...

China leads global EV sales as it hits third consecutive record high

China continued to lead sales growth, accounting for almost 70 per cent of total EV sales in the month, while registrations in Europe showed a marginal decline

Auto component industry grows 11% to Rs 3.32 trillion in Apr-Sep: Acma

The automotive components industry grew 11 per cent year-on-year to Rs 3.32 lakh crore in the first half of the current fiscal, industry body ACMA said on Thursday. The turnover of the automotive component industry in the April-September period of last fiscal stood at Rs 2.98 lakh crore. "With vehicle sales across all segments reaching pre-pandemic levels and despite geopolitical challenges on the exports front, the auto components sector witnessed a steady growth in both domestic and international markets in the first half of FY2024-25," Automotive Component Manufacturers Association of India (ACMA) President Shradha Suri Marwah said. She said the festive season brought significant sales across most segments of the vehicle industry. "However, reflecting on the past eight months of this fiscal year, while two-wheelers have shown promising growth, sales of passenger vehicles and commercial vehicles have been relatively moderate," she added. On the exports front, with geological ...

GM to retreat from robotaxi operations once championed by CEO Mary Barra

While GM will still develop autonomous technology, it's a big retrench for the company

Maruti to add 2,760 service outlets by FY31: CEO Hisashi Takeuchi

In the previous financial year, FY24, MSIL added 400 service touchpoints, with 90 in the Nexa (premium) format and the remaining 310 in the Arena (affordable) format

Logistics cost in India to come down to 9% in next 2 years: Nitin Gadkari

Union minister Nitin Gadkari on Wednesday said the logistics cost in India will come down to 9 per cent within two years. Speaking during bauma Conexpo India, the Road Transport and Highways Minister said that "presently our logistics cost is 14-16 per cent... I assure you that within two years... our logistics cost will be 9 per cent. So we will be more competitive in the international market." In China, the logistics cost is 8 per cent and in the US and European countries it is 12 per cent, the minister said. The minister further said the automobile industry is one of the important industries that is giving maximum revenue as part of GST to the state governments and the Centre. The role of the automobile industry is very important to make India a USD 5 trillion economy, he said. The construction equipment, he said, is also part of this automobile industry. The government is developing infrastructure of international standards, he said, adding that water, power, transport and ..

Car sales drop by 14% in November, two-wheelers see 16% jump: Fada

Tractor sales, however, saw an impressive 29.88 per cent Y-o-Y jump, suggesting good rural demand

Kia, Tata Motors announce price hikes from Jan due to rising input costs

Maruti, Hyundai and Mahindra & Mahindra (M&M) have already announced to increase prices

Tata Motors, Kia India to hike passenger vehicle prices from Jan 2025

Tata Motors and Kia India on Monday announced plans to hike vehicle prices from January to offset the impact of rising input costs. Tata Motors said it will hike the price of its passenger vehicle portfolio, including electric vehicles, by up to 3 per cent from January next year. The price hike is being undertaken to partially offset the rise in input costs and inflation, the Mumbai-based auto major said in a statement. "Effective January 2025, the price increase will vary depending on model and variant," it added. Tata Motors sells a range of passenger vehicle models ranging from Tiago hatchback to SUVs Harrier and Safari. Kia India, which sells models like Seltos and Sonet, said it will increase prices of its entire model range by 2 per cent from January. The price hike, effective from January 1, 2025, is primarily due to rising commodity prices and escalating supply chain-related costs, the automaker said in a statement. Kia India Senior Vice President Sales and Marketing -

Smoke emanates from electric scooter, Bajaj Auto says incident being probed

A video of smoke emanating from an electric scooter in Chhatrapati Sambhajinagar has gone viral, after which leading two-wheeler maker Bajaj Auto said the incident is being probed. Smoke came out of the vehicle, apparently a Bajaj Chetak electric scooter, at a busy traffic signal on the Jalna Road on Thursday. Fire brigade deployed a team to douse the smoke, an official said. Two farmers, Bhagwan Chavan and Ravindra Chavan from Varvandi village had come to Chhatrapati Sambhajinagar for purchasing water pipes. While they were waiting at the signal, they noticed that smoke was coming out of their e-vehicle, the official said. The vehicle was taken aside and a fire brigade team was called from the Seven Hills fire station. The team sprayed water over the vehicle and the smoke stopped, the official said. We have been informed of a thermal incident. The matter is being investigated, a spokesperson of Bajaj Auto told PTI. When contacted, local police and fire brigade official said they