Page 5 - Automobile Manufacturer

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.

India's auto duty offer under UK FTA linked to engine, vehicle price quotas

India's duty concession offer for the auto sector under the free trade agreement (FTA) with the UK is "very nuanced" with relaxations and quotas linked to engine capacity and vehicle prices, an official said. India has included adequate safeguards in the agreement with the UK to protect its sensitive sectors and in the automobile segment, the import duty will be reduced over 10-15 years, the official said. "The duty cut and quota depends on engine capacity and price of vehicles. A lot of nuances are there in the auto sector. India's offer to the UK is very nuanced," the official added. India and the UK, on May 6, announced the conclusion of negotiations for the trade pact that will lower tariffs on 99 per cent of Indian exports and would make it easier for British firms to export whisky, cars and other products to India, besides boosting the overall trade basket. The aim is to double the two-way commerce by 2030 from the present USD 60 billion. Tariffs on automotive imports will b

Tata Motors bets on Altroz to 2x market share in premium hatchbacks

The 25,000-30,000 units a month premium hatchback segment accounts for nearly 6-7 per cent of passenger vehicle (PV) sales, and is dominated by models like Baleno of Maruti Suzuki

Renault Group seeks CCI nod to buy out remaining 51% stake in Indian JV

French auto major Renault group has sought approval from fair trade regulator CCI to buy out its Japanese partner Nissan's remaining 51 per cent stake in their Indian manufacturing joint venture -- Renault Nissan Automotive India Pvt Ltd. Renault Group B V and its nominee Renault SAS have proposed to acquire the entire shareholding of the Nissan entities in Renault Nissan Automotive India Pvt Ltd (RNAIPL). "The proposed combination relates to the acquisition of equity shares and fully paid-up zero-coupon non-convertible redeemable preference shares held by Nissan Motor Company Ltd Japan and Nissan Overseas Investments B V in the target (RNAIPL) by acquirer 1 (Renault Group B V) and its nominee, acquirer 2 (Renault SAS)," a notice filed with the Competition Commission of India (CCI) said on May 16. Renault Group B V is engaged in the designing and manufacturing of passenger cars and light commercial vehicles worldwide and Renault SAS is engaged in the construction, maintenance and ..

Nissan to cut over 10K more jobs globally amid deepening financial woes

It is set to announce on Tuesday results for the business year that ended in March. It warned last month it would likely book a record 700 billion yen to 750 billion yen

Hyundai Motor India to start production at Talegaon plant by end-2025

Hyundai Motor India Ltd on Tuesday said it is gearing up to commence operations at its manufacturing facility in Talegaon, Maharashtra, acquired from General Motors, in the fourth quarter of this calendar year. The company, which marked its 29th foundation day on Tuesday having sold a cumulative 1.27 crore units since inception on May 6, 1996, said it has also recently allocated Rs 1,500 crore towards revamp and modernisation of its Chennai manufacturing facility. "Envisioning India at the heart of global manufacturing and commerce, Hyundai began its journey with the country 29 years ago with a vision of mutual progress," Hyundai Motor India Ltd (HMIL) Managing Director Unsoo Kim said. He further said the company will "continue to drive transformation in products and services, while contributing meaningfully to the society". HMIL said it is geared up to commence operations at its new manufacturing facility in Talegaon, Maharashtra, in Q4 of calendar year 2025. The company had in

Old is gold: Pre-owned luxury cars outsell new in 2024 as demand surges

The overall Indian automotive market is moving towards premiumisation, a trend evident from the rising share of utility vehicles (UVs)

Ford starts preparatory work to resume operations at its Chennai plant

The automobile company also finalised the components to be manufactured from the Chennai facility and it may resume work in the second half of 2025

Why this smallcap auto stock fell 10% in trade on Apr 28? Check details

M&M's board has approved acquiring Sumitomo Corporation's 44 per cent stake in the company at a price of ₹650 per share along with Isuzu Motors 15 per cent stake at the same price of ₹650 per share.