Page 11 - Automobile Manufacturer

Meet Avira & Vir: JSW MG Motor's new AI chatbots revolutionising car buying

JSW MG Motor India claims to be the first automotive company in India to launch two AI-powered chatbots, which are designed to enhance customer interaction and service

EV shift especially in China likely to disrupt global oil market, says IEA

An increasing shift toward electric vehicles globally, especially in China, is poised to disrupt the global oil market, according to a report released Wednesday by the International Energy Agency. In recent years, China has accounted for most of the growth in oil demand and planet-heating emissions, but electric vehicles now make up 40% of new sales of cars there, and 20% of sales globally, putting major oil and gas producers in a bind. The IEA World Energy Outlook 2024 outlines a future where EV adoption continues to gain momentum, potentially displacing up to 6 million barrels per day of oil demand by 2030. The agency said based on current trends and policies and the availability of materials, EV will reach 50% of global car sales in 2030. China already accounts for half the world's electric cars on the road. By 2030, it's projected that 70% of new car sales in China will be electric. With its massive additions of new wind and solar power, China is aligned with its target for ...

BMW sales drop due to China's EV, CEO asks to cancel new fossil ban plan

Demand in China, the world's biggest auto market, is suffering from a flagging economy, while foreign carmakers face stiff competition from local manufacturers offering cheaper models, especially EVs

Tesla to give permanent jobs to 500 temporary staff at German gigafactory

Tesla said this request had been thoroughly reviewed by the plant's management, adding German union IG Metall , which has long criticised working conditions at Gruenheide

Ratan Tata's redemption: White knight for Ford despite earlier humiliation

The story of two iconic brands Jaguar and Land Rover entering the Tata stable began with an insult Ratan Tata couldn't bear. Back in 1998, the legendary industrialist launched his dream project, Tata Indica -- India's first hatchback with a diesel engine. But sales initially were slow and Tata Motors decided to sell off its fledgling car business within a year of its debut. US auto giant Ford was seen as an ideal candidate. The company acceded to a meeting requirement from Ford Motors. Officials of the US firm came to Bombay House for talks sometime in 1999. During the meeting at the Tata headquarters, the American company evinced interest in buying out the business. To take the deal forward, Ratan Tata and his team flew to Detroit to meet Bill Ford, then the chairman of Ford. The meeting lasted about three hours but did not go well. The American businessman was condescending and "humiliated" the Indian businessman, according to a person who attended the meeting. "You do not kn

Tesla's China-made EV sales grow 19.2% in Sept, sells over 72K vehicles

Tesla sold more than 72,000 EVs in China's domestic market, up 66 per cent year-on-year, its best month this year, according to a company statement on Thursday

Auto major Hyundai sets ball rolling on India's biggest IPO at Rs 27,856 cr

The firm will be valued at Rs 1.59 trillion at the top-end of the price band of Rs 1,865-Rs 1,960

BYD hopes for ease in investment rules as it aims to build cars in India

BYD, in partnership with a local firm, submitted a $1 billion investment proposal last year to build electric vehicles in India. But New Delhi is yet to approve the plan

Passenger vehicle sales drops 19% in September, inventory hits record high

Fada, however, said that the near-term outlook for automobile retail is cautiously optimistic as both Navratri and Diwali fall in the same month, creating strong expectations for a surge in sales

Carmakers expect festive period to improve sales, overall buyer sentiment

Auto industry players are eyeing robust performance in the ongoing festive period to lift overall consumer sentiment and set the tone for the rest of the year amid slowing demand. The festive season usually commences with Onam and ends with Diwali every year. Kia India National Head of Sales and Marketing Hardeep Singh Brar told PTI that the last 3-4 months were not good for the industry as sales declined compared to the same period last year. "With pent-up demand of the last few months there and government investment starting to flow in, we feel things should start improving from here onwards," he noted. Brar said the booking momentum in September was good, which is a strong indication for October. "And this time, all festivals are in October..we expect about 5-10 per cent sales growth during the period as compared to last year," he added. Brar said that in the January-April period, the passenger vehicle industry witnessed a growth of 7 per cent, but in May-September, there was

China's loss may be Indian companies' gain in electric vehicle race

Li-ion cells may become cheaper after punitive tariffs imposed by the US

Automobiles, auto component companies score low on PLI scheme in FY24

The government has budgeted Rs 25,938 crore for five years as PLI for this sector

Tesla misses forecasts for third-quarter deliveries on stiff competition

The EV maker handed over 462,890 vehicles in the three months to Sept. 30, up 6.4% from the preceding quarter

Carmakers expand dealerships to boost sales: Do they have right products?

India's passenger vehicle market is the third largest in the world now, at more than 4 million units a year, but car ownership remains low

From Maruti to Tata, auto firms prune sales to dealers over low demand

September tally hit by Shraddh period, but enquiries and bookings rise

H D Kumaraswamy urges compliance with PM E-DRIVE and PLI guidelines

The minister's remarks come in the wake of violations under the FAME scheme, where 13 companies were found to have wrongfully claimed subsidies

SUVs outpace small cars as top carmakers' Sep sales to dealers drop

Levels of unsold cars rose to a record 70-75 days in August. Inventory levels for September and retail sales figures will be published later this month

Tata-JLR unit takes the wheel, steering India towards luxury car export hub

The company announced that the state-of-the-art production facility, located in Panapakkam, Ranipet district, will produce both cars and sport utility vehicles

Waymo in talks with S Korea's Hyundai Motor to produce self-driving taxis

Motional, a self-driving technology unit of Hyundai Motor Group, earlier this year delayed plans to launch a robotaxi service with its next-generation Hyundai Ioniq 5 robotaxis

Mahindra expands LCV range with product based on multi-energy platform

Mahindra & Mahindra on Monday expanded its light commercial vehicle (LCV) range with a new product range based on an all new platform developed at an initial investment of Rs 900 crore. The company has introduced "Veero" light commercial vehicle in the less than 3.5 tonne range with both diesel and CNG trims, with price starting at Rs 7.99 lakh (ex-showroom). An electric version of the LCV would be introduced at a later stage. In an interaction with PTI, Mahindra & Mahindra (M&M) President Automotive Division Veejay Nakra said the model will help the company further strengthen its leadership in the LCV (less than 3.5 tonne) segment. The product, with multiple fuel options and payloads, will be useful for various applications, he added. "We have a market share of around 51 per cent in the less than 3.5 tonne LCV segment... now this range comes in 2-3.5 tonne segment where we have a market share of 63 per cent. So it will help us further strengthen market share beyond 63 per