Page 19 - Automobile Industry

Delhi govt raises pollution under control certificate fees after 13 yrs

The revised fees for pollution under control certificates are Rs 80 for two and three-wheelers running on petrol, CNG, or LPG; Rs 110 for four-wheelers and larger vehicles using petrol, CNG, or LPG

Only 19 of 137 Chinese EV brands to be profitable by decade's end

While the average sale price of cars in China fell 13.4% in the past year, the average margin of automakers rose to 7.8% in 2023 from 6.3% the previous year

Mobility players drive 18% of total car sales in FY24, says Deloitte

Mobility sector's growth path set to accelerate to 25% by FY30: Deloitte

TVS Motor unveils Apache RTR 160 Racing Edition, priced at Rs 128,000

Two- and three-wheeler maker TVS Motor Company on Wednesday widened its product portfolio with the launch of its popular motorcycle TVS Apache 2024 RTR 160 Racing Edition at Rs 1.28 lakh (ex-showroom Delhi). Equipped with a host of features, the motorcycle comes with an exclusive matte black colour, red alloy wheels, three ride modes -- sport, urban and rain, digital Liquid Crystal Display (LCD) cluster and LED head and tail lamps, among others. "The TVS Apache series has consistently led the way in innovation, and bringing state-of-the-art technology to enthusiasts. With a robust community of 5.5 million TVS Apache riders worldwide, the launch underscores the company's dedication to delivering aspirational products that reflect TVS Motor's racing heritage and engineering excellence," company head, Business - Premium, Vimal Sumbly said in a press release. "..the all new 2024 TVS Apache RTR 160 Racing Edition is ready to set new standards in its segment, offering unmatched performanc

Mercedes looks to charge up India play, posts 60% rise in battery EV sales

The company launched the EQA 250+ on Monday, priced at Rs 66 lakh, which comes with a range of 497-560 km per charge

Two-wheeler sales expected to sustain steady volume growth in FY25: Report

The two-wheeler industry is expected to sustain a steady volume growth this fiscal driven by improved domestic sales and good traction in executive and premium segment motorcycles, a report said on Monday. According to CareEdge Ratings, post-Covid, sales volume of two-wheelers had consistently declined during FY20, FY21 and FY22 before starting to recover from FY23, with sales momentum continuing in FY24 as well. "CareEdge Ratings anticipates two-wheeler sales volume growth to continue in FY25 and it would be more driven by improved domestic sales, higher EV sales, launch of CNG powered two-wheelers and good traction in executive and premium segment motorcycles," said Hardik Shah, Director at CareEdge Ratings. The growth in the two-wheeler segment in FY25 is also expected to be aided by the likely interest rate cuts in the second half of FY25, strong demand for new model launches coupled with recovery in exports from its low base and favourable monsoon which is likely to improve rur

Truck rentals dip marginally, used truck prices jump in June: Report

Average price of used commercial vehicles saw a considerable rise across categories in June with 31 to 36-ton category

Govt meets auto industry, asks firms to onboard right to repair portal

The Department of Consumer Affairs (DoCA) held a meeting with automobile associations and companies on Saturday to encourage their participation in the newly launched Right to Repair Portal India, aimed at empowering consumers with easier access to product repair information. The meeting, chaired by DoCA Secretary Nidhi Khare, focused on addressing consumer concerns about restricted access to repair tools, high costs, and service delays in the automotive sector, an official statement said. Khare emphasized the need to "democratize repair manuals and videos" and foster a robust ecosystem for third-party repair services. She also suggested introducing a "repairability index" for vehicles to inform consumers about product lifespan and ease of repair. The government portal (https://righttorepairindia.gov.in/) seeks to provide consumers with information to repair their products, contributing to a circular economy and reducing e-waste. Key points discussed in the meeting include: making

Auto retail sales up marginally in June amid heatwaves: Dealer association

Inventory levels in passenger vehicles reach record high, ranging from 62 to 67 days

Retail sales of cars fall in June for 2nd straight month, PV sales dip 6.8%

India's auto industry forms 7% of the country's GDP, according to government data

Nissan, Honda mull partnering on software, charging infrastructure

Both Japanese automakers have been hit hard in key market China by consumers' shift to low-priced, software-loaded EVs produced by Chinese brands such as BYD

BMW India posts highest ever sales at 7,098 units during first half of 2024

BMW Group India on Tuesday said it has reported the highest ever sales in the country in the first half of the year with delivery of 7,098 units to customers. The luxury carmaker saw its sales increase 21 per cent year-on-year from 5,867 units in the January-June period of 2023. The company also sold 3,614 BMW Motorrad motorcycles during the period. BMW Group said high demand for its sports activity vehicles, luxury class and electric cars led to robust sales performance during the period under review. "In 2024, BMW Group India is making great strides in implementing its strategy by achieving new heights in business performance and customer delight," BMW Group India President Vikram Pawah said in a statement. The company has accomplished the highest ever half-yearly car sales and continuously maintained leadership in the luxury electric car segment, he added.

Mid-sized cities to be big demand centre for electric vehicles: Report

The gap in demand for electric vehicles between large and mid-sized cities in the country is shrinking and the Tier-II 2 cities are likely to emerge as the next big demand centre for EVs, a report said on Tuesday. An analysis of the electric two-wheeler and car sales by strategic research provider BloombergNEF (BNEF) from 207 cities across 10 states also suggests that the electric two-wheeler sales in some tier 2 markets have surpassed metropolitans while within tier 2 cities, state capitals generally leading the growth in electric car sales. India's electric vehicle sales are growing rapidly but vary considerably across the country's 36 states and union territories. While wealthier, populous and more developed tier 1 cities are the current hubs of India's EV demand, adoption in tier 2 cities is growing, BloombergNEF said in its report. The states covered under the report include Delhi, Gujarat, Haryana, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Rajasthan, Tamil Nadu and Uttar

Car sales stay on growth track in H1 despite poll, heatwave roadblocks

Maruti Suzuki's domestic PV wholesales during the month increased by 3 per cent year-on-year to 137,160 units in June, compared to 133,027 units during the same month in 2023.

In a first, Tesla deliveries expected to dip 6% for second straight quarter

Tesla has hit a speed bump after years of rapid growth that helped make it the world's most valuable automaker

Tata Motors reports 8% decline in June domestic wholesales at 74,147 units

Tata Motors on Monday reported an 8 per cent decline in total domestic wholesales to 74,147 units in June. The company's domestic wholesales stood at 80,383 units a year ago. Sales of passenger vehicles, including electric vehicles, in the domestic market, were lower by 8 per cent at 43,624 units in June as compared with 47,359 units in the year-ago month, it added. "Going forward, we foresee recovery of demand, as enquiries have remained strong despite low retails in the past two months. This strong enquiry pipeline, in addition to the onset of festive season from August, augurs well for the industry," Tata Motors Passenger Vehicles Managing Director Shailesh Chandra said in a statement. The automaker is fully geared up to leverage this growth opportunity on the back of strong demand for SUV portfolio, especially Punch and Nexon, as well as new launches in the coming months, he added. In the April-June quarter, passenger vehicle dispatches stood at 1,38,682 units compared with ..

Audi India reports 6% decline in June quarter retail sales at 1,431 units

Audi India on Monday reported a 6 per cent dip in retail sales at 1,431 units during the April-June quarter this year. The German luxury carmaker had sold 1,524 units in the year-ago period. "While the supply situation in Q2 2024 has improved compared to Q1 2024; it still played a limiting factor on our sales performance," Audi India Head Balbir Singh Dhillon said in a statement. "We are confident that our supplies will normalise during the second half of this year, and we will be able to better serve customer demand," he said. Further, Dhillon said, it is important to emphasise that demand remains strong for the company's product portfolio. "We are optimistic about long-term growth of luxury mobility in India, including this year," he added.

From US to Japan, here's how strongest car unions deal with EV job losses

In South Korea, Hyundai Motor Co. and Kia Corp.'s moves toward electrification are provoking similar anxieties in that country's highly active and organised labour movement

Toyota to launch EV with advanced self driving system for China in 2025

GAC Toyota is developing the system with Momenta Global, a startup that develops autonomous driving software for automakers including Mercedes-Benz

M&M may surpass Tata Motors, Maruti Suzuki in PV segment in June: Nuvama

Raghunandhan NL, director at Nuvama, predicts a 13 per cent overall volume growth for M&M's automotive sector (including PVs, commercial vehicles, and three-wheelers), reaching 70,500 units