Page 4 - Automobile Manufacturer

Uttar Pradesh govt plans ₹700 crore EV park near freight corridor

Spanning 500 acres, the project will be anchored by the UP State Industrial Development Authority (UPSIDA) as part of the Kanpur Metropolitan Development Vision 2030

Maruti Suzuki India's total sales decline 6% to 167,993 units in June

Maruti Suzuki India on Tuesday reported a 6 per cent year-on-year decline in total sales to 1,67,993 units in June. The country's largest carmaker had sold a total of 1,79,228 units in June 2024. Its total domestic passenger vehicle dispatches to dealers stood at 1,18,906 units last month compared to 1,37,160 units in the year-ago period, a dip of 13 per cent, Maruti Suzuki India (MSI) said in a statement. "The slowdown in passenger vehicle sales is largely due to a sharp decline in the smaller segment cars. Historically, passenger vehicle sales used to grow at 1.5 times the GDP growth. But now, even after 6.5 per cent GDP growth, the car market is nearly flat," MSI Senior Executive Officer Rahul Bharti said. This is because the once mass small car segment is not participating in the growth at all, he added. "This is clearly an affordability issue," Bharti said. Since 2019, the entry-level price point in the industry has jumped by over 70 per cent, largely driven by stricter ...

Car manufacturers push back against govt's aggressive emission limits

The proposed steep cut risks billions of rupees in penalties and threatens future investments in one of India's most critical manufacturing sectors

Mahindra group's top executives witness up to 98% jump in salaries

Anish Shah and Rajesh Jejurikar received pay hikes of up to 98 per cent in FY25 as Mahindra Group delivered strong growth in its automobile and farm sectors

Ganesh Mani to take charge as Switch India CEO, effective September 1

The company said that its current CEO, S Mahesh Babu, has decided to step down from his position to pursue opportunities outside the group, effective August 31, 2025

Nuvama sees mixed June auto sales; two-wheelers, tractors to outperform

Analysts cite rural demand and the ongoing marriage season as key drivers supporting two-wheeler and tractor volumes, while subdued consumer sentiment and conversion delays are likely to weigh on PV &

Auto component sector: Listed bearings makers have a strong outlook

The three stocks have generated higher returns than their peer/broader indices over the last three months with Timken leading the chart with gains of 23.5 per cent

Regaining share key to more upside in automobile major Hero MotoCorp

For HMCL, and the two-wheeler sector, there are multiple triggers, which should help it to post a mid-to-high single-digit growth for 2025-26 (FY26)

Maruti Suzuki Escudo to launch this Diwali, set to challenge Creta, Seltos

Maruti Suzuki's new Escudo SUV, codenamed Y17, is expected to debut during Diwali 2025 with petrol, hybrid, and CNG options - poised to rival Hyundai Creta and Kia Seltos

Maruti to set up in-plant rly siding at Kharkhoda facility in 3-4 years

The Manesar rail facility will cut emissions and aid exports, while a similar siding is planned at Kharkhoda within 3-4 years as part of MSIL's green logistics push

Electric two-wheeler firms begin test rides for light rare earth magnets

To use these on their existing models

Inventories of rare earth magnets may run dry by mid-July, says Icra

ICRA warns that rare-earth magnet inventories for EV motors may run dry by mid-July as China tightens export rules, leaving Indian auto makers facing serious supply disruption

Rare earth magnet disruption of over 30 days may hit vehicle output: Rpt

A disruption in rare earth magnet supplies lasting beyond a month can impact production of passenger vehicles, including electric models, weighing on the domestic automobile industry's growth momentum, a report on Tuesday said. Rare earth magnets, low in cost but critical in function, could emerge as a key supply-side risk for India's automotive sector if China's export restrictions and delays in shipment clearances persist, Crisil Ratings said in a statement. "The supply squeeze comes just as the auto sector is preparing for aggressive EV rollouts. Over a dozen new electric models are planned for launch, most built on PMSM platforms," Crisil Ratings Senior Director Anuj Sethi said. While most automakers currently have 4-6 weeks of inventory, prolonged delays could start affecting vehicle production, with EV models facing deferrals or rescheduling from July 2025, he added. A broader impact on two-wheelers and ICE PVs may follow if the supply bottlenecks persist for an extended peri

Two-wheeler sales may cross pre-Covid levels in FY26 on export rebound

CareEdge sees 8-9% growth in FY26 as domestic recovery, exports, EV adoption, and affordability drive two-wheeler demand beyond pre-Covid highs

Free run to bumpy ride: Ola Electric faces challenges on road to future

Unlike services, Ola's foray into product manufacturing comes with a different set of expectations

Tenneco names Mahender Chhabra as CFO for business operations in India

Global automotive supplier Tenneco on Monday announced the appointment of Mahender Chhabra as Chief Financial Officer of its India operations, with immediate effect. Chhabra will report to Tenneco India Chief Executive Officer (CEO) Arvind Chandra and work closely with the leadership team to support the company's strategic, financial, and operational goals, the company said. In his new role, he will oversee financial strategy and operations, compliance, and overall financial performance across Tenneco's Clean Air, Monroe Ride Solutions (MRS), Champion Ignition, and Powertrain (Bearings and Sealing) businesses in India, the company said. He joins the company from Motherson Sumi Wiring India Limited, where he served the position of CFO, it stated. "Mahender's depth of financial expertise and proven leadership will be key as we continue to strengthen our operational excellence and deliver value to customers across the region. His appointment underscores our commitment to long-term gro

In a first in UP, 25 automobile dealers lose trade licenses for one month

In a first-of-its-kind action, the Uttar Pradesh Transport Department has suspended the trade licenses of 25 automobile dealers across the state for a month, citing continued failure to comply with vehicle registration procedures. A senior transport department official on Friday confirmed that this is the first time such disciplinary action has been taken against dealers for violating registration norms. The suspended dealers, spread across districts including Lucknow, Barabanki, Sitapur, Kushinagar, Moradabad, and Prayagraj, have been barred from selling vehicles or uploading registration requests on the VAHAN portal during the suspension period that began on June 3. After being repeatedly warned, the dealers were served show-cause notices on April 21 and May 15 this year after a detailed analysis of pending registrations from January to May 2025. Despite being given adequate time, they failed to improve their performance or respond satisfactorily, the Office of the Transport ...

Rare earth crisis: Indian companies hopeful as global panic sets in

With China tightening rare earth exports, Indian firms eye domestic incentives and stockpiling, as global automakers and medical device makers face rising supply fears

Bajaj Auto down 3% post Q4 results; check key numbers, analysts view here

Bajaj Auto's total revenue from operations increased 5.8 per cent Y-o-Y to ₹12,148 crore in Q4FY25, from ₹11,484.7 crore a year ago.

May 2025 auto sales preview: Nomura expects tepid volumes amid supply risks

Analysts at Nomura also flagged a looming production risk starting June, arising from China's export restrictions on rare earth magnets-used across both EV and ICE components.