Page 7 - Automobile Manufacturer

Is Ford reconsidering its India re-entry? Decision delayed till late summer

Several factors are behind Ford's hesitation. The current political climate in the US prioritises domestic manufacturing, potentially making foreign investments less attractive

Union Budget 2025-26: Tax relief, lower duty likely to aid auto sales

Experts say Budget announcements may boost sales of small as well as used cars

India emerges as a key export hub for Nissan, expanding to 65 nations

India is emerging as one of the major global export hubs for Japanese auto major Nissan, with the company beginning to ship the left-hand drive version of its compact SUV Magnite to new countries, according to a senior company official. The company, which has commenced shipping 10,000 units of the left-hand drive (LHD) Magnite across various global markets, is considering the introduction of hybrid and CNG vehicles and more models in India, in addition to its already announced lineup for the country, Nissan India Operations President Frank Torres told PTI in an interview. He also said the global development regarding Nissan and Honda exploring a possible merger would not affect the company's announced plans for new products, including two mid-size SUV models (one five-seater and one seven-seater) and one electric SUV, and the target of tripling its domestic and export volumes to 1 lakh each per annum by the end of FY26 in India. "India is moving as one the global export hubs for ...

Hero MotoCorp CEO Niranjan Gupta steps down after two-year stint

Not just Gupta, the company said its Chief Business Officer (India Business Unit) Ranjivjit Singh will be "completing his tenure" on April 30

Ola Electric leads with a 25% market share in e-scooters: Bhavish Aggarwal

Ola Electric on Friday said it has reclaimed market leadership in the electric two-wheelers segment with 22,656 registrations recorded in January. On the back of the strong S1 portfolio and the recently expanded sales and service network to 4,000 stores across India, the company witnessed a 65 per cent growth month-on-month and improved its market share to 25 per cent this month, the Bengaluru-based firm said in a statement. The company on Friday launched eight scooter models under the S1 brand, developed on its Gen 3 platform, priced between Rs 79,999 and Rs 1,69,999. "With Gen 3, the company is taking a big leap forward in performance, safety, efficiency reliability," it noted. With a new range based on the Gen 3 platform and the recent journey back to the top of the leaderboard, the company hopes to increase the gap with the legacy automakers, Ola Electric said.

Tata Motors Q3 disappoints, analysts lower targets, ratings; stock tanks 9%

Tata Motors' consolidated profit for Q3FY25 fell 22.4 per cent year-on-year (Y-o-Y) to Rs 5,451 crore, from Rs 7,025 crore in Q3FY24

TVS Motor pops 14% in 2 days; Margin expansion may continue, say analysts

TVS Motor reported a 4.2 per cent Y-o-Y increase in standalone net profit at Rs 618.5 crore, as against Rs 593.4 crore in Q3FY24.

Support for green tech, consumer spending boost: Automakers' Budget list

Automakers want the government to provide merit-based policies to support a full range of green technologies and alternative fuels besides allocations to facilitate electric vehicle ecosystem like charging infrastructure to further accelerate sustainable mobility in the upcoming Union Budget. With the automobile industry showing early signs of growth slowing down, they said budgetary initiatives to boost the disposable income of consumers are necessary to support robust growth. "We request the government for appropriate merit-based policies that support and help in popularising full range of greener technologies and alternative fuels thereby helping in faster and greater adoption of multiple sustainable mobility solutions," Toyota Kirloskar Motor Country Head and Executive Vice President - Corporate Affairs and Governance - Vikram Gulati said. Further, he said measures to encourage the scrapping of old vehicles through the budget will also boost demand for newer generation vehicles

Maruti Suzuki Q3 preview: Profit may climb up to 23%, revenue by 17% YoY

On the bourses, at 12:45 PM, Maruti Suzuki share was trading 0.21 per cent lower at Rs 11,965.15 per share. In comparison, BSE Sensex was trading 1.01 per cent higher at 76,128 levels

Demand revival in EMs drives 19% growth in automobile exports in 2024

Automobile exports from India rose 19 per cent year-on-year in 2024 led by a robust dispatch of two-wheelers, passenger vehicles and commercial vehicles, according to SIAM data. Overall shipments rose to 50,98,810 units last year, up 19 per cent from 42,85,809 units exported in 2023. "Last year saw revival in demand for the Indian automobiles from emerging markets like Latin America and Africa," Society of Indian Automobile Manufacturers (SIAM) Director General Rajesh Menon told PTI when asked about reasons for exports growth last year. In 2024, passenger vehicle exports grew 10 per cent to 7,43,976 units as compared to 6,77,956 units in January-December period of 2023. Utility vehicle shipments rose 33 per cent year-on-year to 3,23,621 units while van shipments also jumped 14 per cent annually to 8,207 units. Passenger car dispatches, however, declined 4 per cent last year to 4,12,148 units as compared to 4,27,876 units in 2023. Two-wheeler exports rose 23 per cent to 39,77,162

MG M9 MPV debuts at Bharat Mobility Expo, launch set for March 2025

The MG M9, a premium electric seven-seater MPV, will be the second model sold through MG Select premium dealerships, launching in March 2025

India's share in global mobility supply chains growing: Piyush Goyal

India's share in the global mobility supply chains is increasing due to the sector's cost-competitiveness and focus on product quality, Commerce and Industry Minister Piyush Goyal said on Friday. Speaking at the Bharat Mobility Global Expo 2025 here, he said by the next year this expo will become the biggest auto show in the world and will emerge as the one-stop destination for the automobile sector for the world. At present, it is the second-largest automotive expo in the world. The expo, he said, will serve as a call to action for global partnerships, inviting international investors to tap into India's growing consumer base and business-friendly ecosystem. "Innovation and sustainability have become the focus of the mobility sector and India's share in the mobility global supply chains is also increasing. India's mobility sector is cost-competitive and is also focussing on product quality," he said. Goyal also said that electric vehicles are shaping the mobility sector and India

Will Bharat Mobility Expo 2025 rev up auto stocks? Analysts don't think so

Bharat Mobility Expo 2025, Auto Expo 2025: Analysts believe the automobile vehicle demand has been impacted by higher inflation and interest rates

Porsche to unveil Macan EV and 3 new models at Bharat Mobility Expo 2025

Porsche plans to showcase the new Macan electric, 911 GTS, Panamera GTS, and the refreshed Taycan facelift at the Bharat Mobility Global Expo 2025, marking their India debut

Tata Motors integrates artificial intelligence for vehicle safety

Company adopting a comprehensive approach that addresses safety before, during, and after accidents

Automobile dispatches grow 12% in 2024 driven by consumer sentiment: Siam

Automobile dispatches from companies to dealers rose 12 per cent last year compared to 2023 on the back of positive consumer sentiments which aided robust demand for two-wheelers, industry body SIAM said on Tuesday. Total wholesales across categories rose to 2,54,98,763 units in 2024 against 2,28,39,130 units in 2023, a growth of 11.6 per cent. "2024 has been reasonably good for the auto industry. Positive consumer sentiments and the country's macroeconomic stability helped in propelling reasonable growth for the sector across vehicle segments," Society of Indian Automobile Manufacturers (SIAM) President Shailesh Chandra said in a statement. Last year, the growth was primarily driven by the two-wheeler segment which grew by 14.5 per cent in 2024 over a year ago, he added. Dispatches of scooters, bikes and models rose by 14.5 per cent to 1,95,43,093 units in 2024 compared to 1,70,75,432 units a year ago, the statement said. Scooter sales rose 20 per cent year-on-year to 66,75,231 u

Mercedes-Benz 2024 car sales fell 3% in a tough year for automakers

Annual sales of battery-electric cars (BEV) dropped by 23 per cent to 185,100 vehicles, adding pressure on the carmaker as new, harsher EU CO2 emission reduction targets take effect this year

Hyundai India updates variant range for Venue, Verna, and Grand i10 Nios

Hyundai India has updated the variants with new features. Key upgrades include wireless chargers, electric sunroofs, and enhanced infotainment systems across the lineup

Mahindra XEV 9e top-end Pack Three trim launched at Rs 30.50 lakh

Introductory prices of the entry-level Pack One trim were announced in November 2024, the company is yet to disclose prices of the mid-spec Pack 2 trim

Citi initiates coverage with 'Buy' on Hyundai Motor India; share up 3%

The rise in Hyundai India share came after global brokerage firm Citi Research initiated coverage with 'Buy' for target price of Rs 2,250