Page 3 - Automobile Manufacturer

Schaeffler India Q1FY26 results: Net profit increases 14% to ₹294 crore

Auto parts maker Schaeffler India on Friday reported a 14 per cent rise in standalone profit after tax (PAT) to Rs 294.44 crore in the June 2025 quarter. The company had posted a standalone PAT of Rs 253.96 crore in the year-ago quarter, according to a regulatory filing. Schaeffler India follows a January-December financial year. Its revenue from operations (net) for the quarter under review rose to Rs 2,282.16 crore from Rs 2,071.93 crore in the April-June period of 2024, it stated. "We have a year-on-year higher revenue across all businesses and continue to sustain our trajectory of registering double-digit growth for the fifth consecutive quarter. Quality of earnings continued to improve given efficiency measures and concentrated efforts on our strategic priority of localisation," its Managing Director and Chief Executive Officer Harsha Kadam said. This performance, coupled with improved financial and operating metrics, resulted in a good first half of 2025, he added.

US automakers say Trump's Japan tariff deal puts them at a disadvantage

US automakers are concerned about President Donald Trump's agreement to tariff Japanese vehicles at 15%, saying they will face steeper import taxes on steel, aluminum and parts than their competitors. We need to review all the details of the agreement, but this is a deal that will charge lower tariffs on Japanese autos with no US content, said Matt Blunt, president of the American Automotive Policy Council, which represents the Big 3 American automakers, General Motors, Ford and Jeep-maker Stellantis. Blunt said in an interview the US companies and workers definitely are at a disadvantage because they face a 50% tariff on steel and aluminum and a 25% tariff on parts and finished vehicles, with some exceptions for products covered under the United States-Mexico-Canada Agreement that went into effect in 2020. The domestic automaker reaction reveals the challenge of enforcing policies across the world economy, showing that for all of Trump's promises there can be genuine tradeoffs from

EV startup MATTER launches ₹1.93 lakh Aera 5000+ e-bike, eyes IPO

Ahmedabad-based MATTER aims to disrupt the 150-200cc bike segment with its Aera 5000+, backed by global investors and planning a $200 million fundraising and public listing

Renault eyes full capacity at Chennai plant, no new partner planned

Renault targets 100 per cent capacity at the RNAIPL plant over the next few years following Nissan stake buyout, with no new partnerships under consideration currently

Renault to launch all-new models with updated logo, starting with Triber

Renault India will feature its updated interlocked diamond logo on future models, beginning with the launch of the all-new Triber, as part of its ongoing brand transformation

Maruti Suzuki plans 500 new service touchpoints in FY26: MD & CEO

Maruti Suzuki plans to add 500 new service touchpoints in FY26, with 91 already established. The expansion aims to strengthen its post-sales infrastructure across India

Life atop China's car market starts to look tough for BYD as sales stall

BYD's core domestic car deliveries fell 8% in June as rivals like Geely, Xpeng, and Xiaomi gained ground, even as overseas and commercial sales were excluded from the tally

Sonal Comstar to form JV with Jinnaite Machinery to enter China EV market

The JV is expected to begin operations in the second half of the current financial year

Curtains rise today on Tesla's India foray; Model Y tipped as flagbearer

Real estate analysts watching Tesla's impact on rentals closely

Q1 results preview: Low volumes, discounts may have dented auto margins

Downside risks from rare-earth magnets an overhang for the sector

VinFast to start production at Tamil Nadu facility, deliveries in August

VinFast is set to begin production at its $2 billion Tamil Nadu plant this month and plans to start vehicle deliveries from the festive season, with a focus on exports and an expanding service network

Mercedes-Benz India plans to increase prices by 1-1.5% from September

Mercedes Benz India plans to hike prices by 1-1.5 per cent from September to mitigate the impact of a weak rupee against the euro, according to its MD and CEO Santosh Iyer. The luxury car market leader has already hiked vehicle prices twice this year, first in January and then in July. "There is another price hike coming up in September, because of the euro. If you see, the last one month has remained at the 100 mark (INR), and that has not changed. Therefore, we will have to undertake an increase as well in September," Iyer told PTI in an interaction. The price hike is expected to be in the range of 1-1.5 per cent, he added. When asked if the increase in prices could impact sales, Iyer stated that the reduction in interest rates is somehow balancing the monthly outgo for buyers in equated monthly instalments (EMIs). Around 80 per cent of the company's new car sales are financed, he noted. "So, when you look at the EMIs, we have tried to keep the same, though the price of the car

Mercedes-Benz India's Q1 sales reach record high on luxury EV demand

Sales of top-end models, like the S-Class and the Mercedes-Maybach portfolio, rose 20per cent between April and June, while EV sales jumped than two-fold to form 8% of Mercedes-Benz India's sale

Kia India appoints Atul Sood as Senior vice president, sales and marketing

Kia India on Friday said it has appointed Atul Sood as Senior Vice President Sales & Marketing, with immediate effect. He will report to Joonsu Cho, Chief Sales Officer, Kia India and will lead the brand's nationwide sales strategy and operations, the automaker said in a statement. Sood brings close to three decades of experience in the automotive industry, having most recently served at Toyota Mobility Solutions and Services India (TMSS) as President and Director. "His deep industry expertise and strategic acumen will be invaluable as we continue to strengthen our market position and enhance customer satisfaction. We look forward to his leadership and contribution in driving the next phase of our growth journey," Kia India MD and CEO Gwanggu Lee said.

Nuvama initiates 'Buy' on Hyundai India, sets ₹2,600 target on growth push

With $2.9 billion in average annual research and development (R&D) spend (2.5 per cent of revenue), the parent firm enables Hyundai India to fast-track innovation and expand exports.

2W firms' plea against anti-lock braking systems installation junked

The move, if implemented, will require 2W companies to fork out around ₹7,300 crore annually to make the vehicles safer. The draft requires all ICE 2Ws below 125 cc, electric below 11 kWh to put ABS

Hero MotoCorp appoints Kausalya Nandakumar as CBO of emerging biz unit

Hero MotoCorp on Thursday said it has appointed Kausalya Nandakumar as Chief Business Officer - Emerging Mobility Business Unit, with immediate effect. In this role, Nandakumar will report to Pawan Munjal, Executive Chairman, and will be responsible for steering the strategic direction and growth of Hero MotoCorp's Emerging Mobility business - Vida -- as the company accelerates its transformation towards sustainable, future-ready mobility solutions. Nandakumar brings nearly two decades of leadership experience spanning the automotive, electric mobility, digital innovation, and social impact sectors, Hero MotoCorp said in a regulatory filing. Most recently, as Chief Operating Officer of Mahindra Electric Automobile Ltd, she led the operational readiness and go-to-market strategy for the company's electric SUV business valued at USD 9.8 billion, it added. Earlier in her career, she headed Business Transformation for Mahindra's Farm Division and was instrumental in building Krish-e -

Hyundai Motor India and IIT-M team up to fuel H2 technology dreams

Hyundai Motor India has teamed up with IIT Madras and Guidance Tamil Nadu to launch the Hyundai HTWO Innovation Centre, aimed at advancing green hydrogen technology and India's clean energy future

Fueling Change: How CNG is transforming India's passenger car landscape

According to a report by Equirus, CNG has been steadily increasing across regions over the past one year, with the East region led by Bihar witnessing a significant increase

Skoda Auto Volkswagen India to manage Bentley operations from July 2025

SAVWIPL becomes Bentley's exclusive importer and distributor in India from July 2025, establishing Bentley India and expanding its luxury portfolio in the country