Automobile Manufacturer

Samvardhana Motherson's arm gets nod to acquire 50.1% in Rotary for ₹500 cr

Samvardhana Motherson Adsys Tech Ltd (SMAST), a subsidiary of auto components manufacturer Samvardhana Motherson International Ltd, will acquire a 50.1 per cent equity stake in Rotary Connectors Pvt Ltd at an enterprise value of Rs 500.4 crore. The Board of Samvardhana Motherson International approved the all-cash deal on Monday, according to a regulatory filing. The transaction is expected to be completed by the end of the financial year 2026- 2027. Post completion of the transaction, SMAST will hold 50.1 per cent of the equity share capital of Rotary Connectors Pvt Ltd (RCPL), and thereafter RCPL will become an indirect subsidiary of Samvardhana Motherson International. The promoters of RCPL will continue to hold a 49.9 per cent equity stake in the company. "The Board of Directors of Samvardhana Motherson International Ltd (SAMIL) at its meeting held today has considered and approved the purchase by Samvardhana Motherson Adsys Tech Ltd, a wholly-owned subsidiary of the company,

Maruti's vehicle dispatches via in-plant rail terminals reach 1 million

Maruti Suzuki India on Friday said it has reached a milestone of dispatching 1 million vehicles through in-plant railway terminals in just over three years since opening dedicated transportation lines at two manufacturing sites in Gujarat and Haryana. Operations from in-plant railway sidings at Hansalpur (Gujarat) commenced in March 2023 and from the Manesar (Haryana) railway siding in June 2025. In the current financial year, the automaker said that 70 per cent of its total rail-based vehicle dispatches have been through these two in-plant railway sidings, and its mid-term goal is to increase such dispatches to 35 per cent by FY31. As of August 31 of this fiscal year, the company's rail-based vehicle dispatches have crossed 3 lakh units, it said. An in-plant railway terminal inside a manufacturing facility allows goods to be loaded onto freight trains within the plant, eliminating the need for trucks to access the nearest railway stations before entering the supply network. Of th

Fada pushes automakers to give dealers more contractual certainty

Dealers being asked to invest crores on short-term letters of intent, says FADA president Sai Giridhar

Ultraviolette bets on scooters to drive volumes as Hosur plant takes shape

Tesseract targeted to quickly scale to 10,000 units a month; EV maker sees scooters and motorcycles contributing equally at scale, exports rising to 25% of volumes

JSW, Skoda-Volkswagen sign MoU for 51:49 India JV, deal by December

The proposed JSW-Skoda Volkswagen venture will cover mass-market ICE, hybrid and electric vehicles, with a binding agreement targeted by December

Carmakers discussed E20 contamination risks before public retreat: Report

Maruti Suzuki, Tata Motors and Mahindra discussed concerns over chloride and moisture in E20 fuel even as the industry publicly backed the government's ethanol rollout

Auto firms comfortable with V2V rollout after longer implementation window

Carmakers say 2028 mandate gives time to prepare suppliers, contain cost impact

Kia India's July sales up 27.4 pc at 28,200 units, led by Seltos and Sonet

Automaker Kia India on Saturday reported a 27.4 per cent rise in wholesale dispatches at 28,200 units in July 2026 as compared to 22,135 units in the same month last year. This marks Kia India's best-ever July wholesale performance since inception, the company said in a statement. "Our best-ever July wholesale performance reflects the continued trust of our customers and the strong acceptance of Kia's diverse product portfolio. Building on our record H1 performance, we have maintained healthy momentum across key segments," Kia India Senior Vice President, Sales & Marketing, Atul Sood, said. The company said July sales were on the back of continued momentum driven by Seltos and Sonet, supported by sustained demand for Carens Clavis, Clavis EV, and MY26 Syros.

SML Mahindra zooms 41% in 2 days, hits new high; what's driving auto stock?

SML Mahindra's board on Wednesday approved the acquisition of the Mahindra Truck and Bus Division from parent Mahindra & Mahindra.

Mercedes CEO vows to defend US business amid Chinese investors' woes

"If we need to make adjustments to comply with anything, we will make sure that we protect our presence and our business in the U.S.," Mercedes CEO Ola Kaellenius said

Volkswagen CEO warns deeper cost cuts needed as China competition mounts

"When we look to the future, we have more and more risks coming," Blume said, pointing to more than 150 competitors in China

India's auto sector to commission ₹703 billion of projects by FY29: Report

A Brickwork Ratings report said the auto sector's revenue would grow at a compound annual growth rate of around 7.5 per cent to nearly ₹26 trillion over the coming years

Volkswagen nears sale of stake in its India unit to JSW Group: Report

The two sides are working toward a potential agreement in the coming weeks involving JSW making an investment in closely held Skoda Auto Volkswagen India Pvt

CAFE-2 penalty waiver: Relief for automakers or setback to India's EV push?

The government has waived ₹2,700 crore in CAFE-2 penalties for some PV manufacturers. Does the step offer a practical reset for automakers, or weaken one of India's key tools for cleaner mobility?

How Automatic Emergency Braking, Blind Spot Detection, and Driver Monitoring Are Shaping the Future of ADAS in India - 6Wresearch

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Can't trace old vehicles, need help: Automakers tell NITI Aayog

Industry seeks access to updated vehicle-registration records, saying poor traceability and documentation issues could hamper compliance with end-of-life vehicle recycling norms

High petrol prices give EV shift fresh charge, Fada sees record adoption

EV penetration across segments touched an all-time high of 11% in May, compared with around 7% for the full FY 2025-26

India's auto retail sales rose 9.55% to record 2.531 mn units in May: Fada

The total automobile retail sales in India registered an on-year growth of 9.55 per cent to a record 25,31,067 units in May despite fuel-price revision, the Federation of Automobile Dealers Associations said on Monday. The cumulative automobile retail sales in India stood at 23,10,451 units in the same month last year. The retail sales performance reflects all-time best May for three-wheelers, passenger vehicles and tractors -- a strong outcome for what is seasonally a lean month. Dealers reported a visible rise in enquiries for fuel-efficient and alternative-powertrain options, reflected in the two-wheeler EV share climbing to 9.25 per cent from 6.11 per cent a year ago. According to data released by FADA, Passenger vehicles (PV) retail sales were at a record 4,02,591 units last month as compared to 3,26,656 units in May 2025, a growth of 23.25 per cent. Two-wheelers also clocked best-ever monthly numbers at 18,44,947 units in May this year as compared to 17,15,581 units in the

Mobis India fire: Hyundai Motor, Kia production may be hit briefly

A fire at Mobis India's Chennai-area facility may disrupt Hyundai and Kia production for at least a week, prompting efforts to source components from South Korea

TVS Motor tops global rankings in 'durable consumer goods' stocks

TVS Motor Company has been ranked the world's top durable consumer goods stock by WirtschaftsWoche and BCG after delivering strong shareholder returns and robust financial growth