Page 7 - Automobile Industry

Auto equipment manufacturers make 2-pronged plans for rare earth crunch

Firms weigh importing motors or sending parts to China to keep assembly lines running

Maruti Suzuki lines up Rs 925 cr to ramp up solar capacity by FY31

Maruti Suzuki India on Wednesday said it plans to invest over Rs 925 crore to expand its captive solar capacity to 319 MWp by FY2030-31. The car market leader announced the expansion of its solar capacity by 30MWp with two new projects. The company commissioned a 20MWp solar power project at its new facility in Kharkhoda, Haryana, and added another 10MWp solar capacity to its Manesar facility. With these additions, the company's solar capacity across its locations has enhanced from 49MWp to 79MWp in the last one year, Maruti Suzuki India (MSI) said in a statement. "Aligned with our parent company, Suzuki Motor Corporation's Environment Vision 2050 and the Government of India's focus on renewable energy, we are systematically enhancing the use of renewable energy in our operations," MSI MD and CEO Hisashi Takeuchi stated. By FY2030- 31, Maruti Suzuki plans to reach 319MWp of solar capacity, backed by an investment of over Rs 925 crore, he added. Through sustained efforts, the shar

TVS Motor, Kadam Mobility partner to deploy 500 electric 3-wheelers by FY26

TVS Motor and Kadam Mobility have signed an MoU to deploy 500 electric three-wheelers across metro and Tier 1 cities, supporting clean public mobility and inclusive employment

Two-wheeler majors bounce back with strong double-digit growth in May

Analysts estimate a 4 to 7 per cent rise in FY26, driven by product innovation, supportive policy frameworks, and increasing mobility needs in emerging markets

Maruti Suzuki seeks govt help to revive small car demand in India

The company also said that it was not seeing an immediate impact from China's restrictions on rare earth magnets exports

Rare earth supply pinch puts India's EV makers on a six-week clock

China controls 92 per cent of global REM magnet production, with other players like Japan (7 per cent) and Vietnam (1 per cent) contributing marginally

Kia India dispatches rise 14%, TVS Motor sales increase 17% in May

Kia India dispatched 22,315 units in May 2025, while TVS Motor's total sales rose to 4.31 lakh units, driven by strong two-wheeler, three-wheeler and export performance

Not leaving India, will launch 3 models by early 2027, says Nissan

Vatsa said Nissan is sticking to its plan of launching three new models by early 2027

Ageing truck fleet rekindles commercial vehicle makers' revival hopes

However, industry experts believe that FY26 could mark a turnaround, with mid-single-digit growth expected in the MHCV segment as replacement demand begins to pick up

Govt may offer spare e-buses under PM E-DRIVE for religious tourism

This consideration follows the allocation of 10,900 e-buses to five cities: Delhi, Bengaluru, Hyderabad, Ahmedabad, and Surat

Electric vehicle charging app with real-time data, pay system on cards

New app aims to tackle limited availability, non-functional stations, and inconsistent standards

India's PV market to grow 1-2% in FY26, Maruti Suzuki to exceed pace: SMC

Suzuki Motor Corp expects India's PV sales to grow modestly in FY26 but Maruti Suzuki may outperform due to new SUV launches and rising exports

Siam seeks six-month rare earth supply lifeline to keep EVs rolling

Such a move would eliminate the need for Indian importers to seek clearance for each shipment - a process both tedious and time-consuming

Automobile sales inch up 2.95% in April, CV sales see decline, says Fada

Two-wheeler retail sales in April this year reached 1,686,774 units compared to 1,649,591 units in the same month last year, Fada said

Maruti Suzuki reports 7% increase in total sales in April at 179,791 units

Maruti Suzuki India on Thursday reported a 7 per cent increase in total sales to 1,79,791 units in April. The company sold a total of 1,68,089 units in the same month last year, Maruti Suzuki India (MSI) said in a statement. Its total domestic passenger vehicle sales rose marginally to 1,38,704 units compared to 1,37,952 units in the year-ago month, it added. Sales of mini segment cars, comprising Alto and S-Presso, dropped to 6,332 units against 11,519 units in April last year. Sales of compact cars, including Baleno, Celerio, Dzire, Ignis, Swift and WagonR, rose to 61,591 units from 56,953 units in the year-ago month. Utility vehicles, consisting of Brezza, Ertiga, Grand Vitara and XL6, clocked sales of 59,022 units last month compared to 56,553 units earlier. Sales of van Eeco stood at 11,438 units last month against 12,060 units in April last year, while that of light commercial vehicle Super Carry were 3,349 units compared to 2,496 units earlier. MSI said its exports last m

High import tariffs don't help nations become competitive: Lamborghini exec

India currently levies an import duty of up to 110 per cent on completely built units (CBUs) of automobiles

Daewoo enters Indian lube market, aims to get 2% share by March next year

The company has adopted a phased rollout strategy, starting with key metro cities and Tier-2 towns, backed by a robust dealership and distribution network

Delhi may curb gasoline car sales, ban gas-guzzling bikes to cut pollution

The measures represent one of the most drastic steps the city has lined up to tackle pollution

'Carefully figuring out the right time to enter India': Tesla CFO

Tesla CFO Vaibhav Taneja said that 100% import tariffs create anxiety

From warehouses to local stores: Ola Electric shifts gear amid row

In addition to cost savings, these changes have resulted in reducing average vehicle inventory from 35 to 20 days, and reducing delivery time for customers from 12 days to 4 days