Investigation follows whistleblower complaint that executives took money from suppliers
Maruti Suzuki Q3: Net profit may come in the range of Rs 1,794.4 crore to Rs 1,940 crore, as per brokerages' estimates
The company is not looking for mergers and acquisitions, but is open to having a strategic investor who can bring some technical expertise
The two-wheeler industry continues to struggle with industry volumes still below the pre-covid peak levels
The automaker has also enhanced the range of its MAX variants to 453 km on a single charge
Maruti Suzuki India said it transported over 320,000 vehicles using Indian railways last year, its highest ever dispatch in a calendar year
Audi India has registered a 27 percent growth compared to the last year selling 4187 retail units in 2022
Data showed that passenger vehicle sales grew by 23 per cent in 2022 compared to the previous year to touch 3.79 million units
However, FADA had warned that retail sales could be hit in the current quarter, with stricter fuel efficiency norms aimed at reducing carbon emissions set to come into effect from April this year
India's switch to electric vehicles is lagging behind other countries such as China and the US, hampered by high upfront costs and a lack of charging infrastructure
The company aims to regain 50 per cent market share in the domestic passenger vehicle segment by bolstering its presence in the sports utility vehicle (SUV) space
MG Motor India increased its sales from about 40,000 units in 2021 to about 50,000 units in 2022
The key highlight of the day was the unveiling of its first electric SUV, the eVX, by the country's largest carmaker Maruti Suzuki, which is likely to hit markets by 2025
On the first day of Auto Expo 2023 on Wednesday, the vehicle exhibitors, both global and domestic, in total launched and unveiled over 59 products at the India Expo Mart here
Electric commercial vehicle maker Etrio Automobiles in collaboration with EV financing platform Turno will deploy 1,000 e-three-wheelers pan-India in the next 12 months, the company said on Wednesday. The deployment of these vehicles will commence from cities such as Delhi, Hyderabad, and Chennai where both Etrio and Turno have a strong presence and eventually expand to various other parts of India, Etrio said. Under the long-term strategic alliance that Etrio has formed with Turno, the two partners will also work together to improve vehicle intelligence, it stated. Notably, as a part of this collaboration, the eCV makers' flagship model 'Touro Max' vehicles would be deployed across a plethora of first-mile and last-mile logistics and commercial transport use-cases -- including retail and e-commerce logistics, gas delivery, agri-logistics, among others, the company stated. "The partnership with Turno is aligned to our growth agenda. It will enable us to scale our vehicle deployment
The South Korean automaker announced that it would invest Rs 2,000 crore over the next few years in the EV segment
Auto Expo 2023: The vehicles showcased were 'green' powered by electric options and hydrogen
Maruti Suzuki also displayed its range of 'sustainable' cars like the WagonR Flex Fuel prototype, Brezza S-CNG and Grand Vitara Intelligent Electric Hybrid at the Expo
A 'single-digit' drop in sales was recorded in China due to 'ongoing headwinds' but this was "successfully counterbalanced by increased sales in other markets" said the car maker
Even as some mainline brands are conspicuous by their absence, India's biggest automobile event is for petrolheads