Page 2 - Automobile

Castrol India's profit rises to Rs 2.33 bn on strong engine oil demand

Profit at Castrol India, majority-owned by British oil major BP, rose to Rs 2.33 billion ($27.4 million) from Rs 2.16 billion a year ago

KPIT Technologies Q4 results: Profit up 49% at ₹244.7 cr; revenue up 16%

Automobile-industry focused KPIT Technologies on Monday reported a 48.9 per cent increase in consolidated net profit at Rs 244.7 crore in the March quarter. It had logged a net profit of Rs 164.3 crore in the year-ago period, according to a regulatory filing. Revenue rose 15.9 per cent to Rs 1,528.3 crore during the quarter against Rs 1,317.8 crore a year ago. Sequentially, profit and revenue climbed 30.9 per cent and 3.4 per cent, respectively. "We have consistently delivered 19 sequential quarters of growth in revenues and operating profits. China's mobility ecosystem has challenged global OEMs (original equipment manufacturers) on the alteration of paradigms in speed, cost and innovation in vehicle development. We have made investments in leadership training, mobility-specific AI solutions, automation, platforms, tools & accelerators and new markets. "On the back of strong deal wins for strategic engagements, coupled with potential acquisition of specialized companies, we are .

Ramkrishna Forgings plunges 12%, at 52-wk low on heavy volumes; here's why

The company said it identified discrepancies in certain inventory cases, during the ongoing physical verification of inventory for the financial year ended March 31, 2025.

Auto exports rise 19% to over 5.3 mn units in FY25 on strong demand: Siam

Automobile exports from India rose by 19 per cent to over 53 lakh units in the last 2024-25 fiscal year driven by robust demand for passenger vehicles, two wheelers and commercial vehicles in the overseas markets. Overall exports last fiscal stood at 53.63 lakh (53,63,089) units as compared with 45 lakh (45,00,494) units in 2023-24 fiscal ending March 31, 2024. Passenger vehicle shipments rose by 15 per cent to 7,70,364 units last fiscal as against 6,72,105 units in FY24. The segment reported its best ever yearly performance last fiscal driven by demand for global models being manufactured in India, industry body SIAM stated. With manufacturing quality improving, some companies have also commenced exporting to developed markets, it added. Utility vehicle dispatches led the space with dispatch of 3,62,160 units, a growth of 54 per cent, as compared with 2,34,720 units in FY24. Two-wheeler exports increased by 21 per cent to 41,98,403 units last fiscal as against 34,58,416 units in

GreenLine invests $275 mn in green logistics; Kamath backs with $20 mn

GreenLine Mobility Solutions Ltd, the Essar group venture that operates LNG and electric-powered heavy commercial trucks, announced a USD 275 million equity investment to help deploy over 10,000 LNG and EV trucks as well as set up 100 LNG refuelling stations and EV charging points with a view to accelerate decarbonisation of heavy trucking in India. This includes a USD 20 million investment from Nikhil Kamath, marking a significant boost to India's green logistics transformation, the company said in a statement. GreenLine operates LNG-powered trucks for long-haul transportation and electric vehicles (EVs) for short-haul operations. Its subsidiary Ultra Gas and Energy Ltd is also building a nationwide network of LNG refuelling stations to support its green logistics solutions. "GreenLine aims to decarbonise India's transportation sector, which contributes nearly 15 per cent of the country's total carbon emission," the statement said. "The funding will enable the deployment of over ..

Women in the driver's seat: Is India's auto sector ready for change?

The car shopping experience remains a man's world: By men and for men

Mahindra XUV700 Ebony Edition launched: Top features of new Mahindra SUV

The new Ebony Edition XUV700 from Mahindra is priced between Rs 19.64 lakh and Rs 24.14 lakh (both ex-showroom). It has an all-black exterior and interior, as the name suggests

Automobile retail sales drop 7% in February amid slowing demand: Fada

Automobile retail sales across categories, including passenger vehicles and two-wheelers, witnessed a drop of 7 per cent in February amid declining demand, dealers' body FADA said on Thursday. Overall retail sales in the domestic market stood at 18,99,196 units last month, registering a dip of 7 per cent compared to 20,46,328 units in the year-ago period. "February witnessed a broad-based downturn across all categories," Federation of Automobile Dealers Associations (FADA) President C S Vigneshwar said in a statement. During the month, dealers began expressing concerns about inventory being pushed to them without their consent, he added. "While such initiatives may serve broader business objectives, it is critical to align wholesale allocations with genuine demand to protect dealer viability and ensure healthy inventory management," Vigneshwar stated. Passenger vehicle retail sales declined 10 per cent year-on-year to 3,03,398 units in February. "Dealers noted weak market sentim

Revolt expects volume sales to jump 3x in FY26, says Anjali Rattan

After unveiling the new model, Anjali Rattan told reporters: "The sales this financial year will be about 13,000-14,000 units. We expect the sales in the next financial year to be about 40,000 units"

Bajaj Auto to ride into e-rickshaw segment by end of ongoing fiscal year

Bajaj Auto is gearing up to enter the domestic e-rickshaw segment by the end of this fiscal to tap a 'sizable opportunity' in a fast-growing but highly unorganised market, according to a top company official. The company expects to get regulatory clearances towards the end of the ongoing quarter for its e-rickshaw that will enable it to enter the segment which is about 45,000 units a month, Bajaj Auto Executive Director Rakesh Sharma told analysts. "By the end of this financial year, we also intend to launch a modern 'e-rick', which will set an absolutely new standard in the segment and bring a very high level of satisfaction to both owners and passengers. The e-rick segment is almost as large as the auto segment and the new e-Rick should generate new business, he said. When asked for the exact timeline, Sharma said, "We expect to launch the e-rick by the end of this quarter, let's say, by the end of the FY25 fiscal. By the time all the permissions are through, it may just spill ov

Auto retail sales up 7% in Jan as passenger vehicle segment rises 16%

All segments begin year well, 46% of automobile dealers expect growth: Fada

Automobile retail sales rise 7% in January, PV segment up 16%: Fada

Automobile retail sales in India rose 7 per cent year-on-year in January at 22,91,621 units, driven by robust demand across segments, dealer's body FADA said on Thursday. Overall retail sales stood at 21,49,117 units in January 2024. "Our observations indicate that each vehicle category --2W, 3W, PV, tractor and CV-- witnessed positive momentum, pointing toward sustained consumer confidence and steady market recovery," the Federation of Automobile Dealers Associations (FADA) President C S Vigneshwar said in a statement. Passenger vehicle retail sales jumped 16 per cent year-on-year to 4,65,920 units last month. Many dealers noted improved demand but also pointed to last year's heavy discounting, which helped clear older models and shift registrations, Vigneshwar said. Inventory levels have improved, dropping by around five days to 50-55 days, suggesting improved supply-demand balance, he added. Two-wheeler retails stood at 15,25,862 units last month, an increase of 4 per cent, as

China's auto exports may be slow in 2025, EV shipments to face zero growth

The outstanding growth in China in a largely stalling global EV landscape bode well for local leaders such as BYD , Geely and Xiaomi

2025 Land Rover Defender launched in India; features V8 engine, two trims

Ex-showroom prices of the new Land Rover Defender start at Rs 1.39 crore and it is available in three bodystyles: 90, 110 and 130

More than 40 new product launches expected at upcoming auto expo, says govt

More than 40 new product launches are expected at the upcoming Auto Expo which will be held under the umbrella of Bharat Mobility Global Expo 2025 from January 17-22, a government official said on Tuesday. With visas continuing to be an issue, large scale participation of Chinese companies are unlikely although some of them are participating at the expo, Joint Secretary at Ministry of Commerce and Industry Vimal Anand said here at the sidelines of curtain raiser of 'Bharat Battery Show' which will also be a part of the Bharat Mobility Global Expo 2025. "Last year the mobility show was only held at Bharat Mandapam, but this year, we have multiplied it by three times and we are going to organise it at not only Bharat Mandapam, but also at Yashobhoomi (India International Convention Centre, Dwarka) and India Expo Centre & Mart, Greater Noida," he said. The auto show will be the main attraction, and along with automobiles other segments related to the sector, including battery show ...

Rail freight hits fast track in India's auto industry, shows data

According to data available with BS, the number of rakes handled by Railways for the automotive sector between April, December of FY25 stood at 5,651 units, up from 5,198 rakes in FY24

Honda-Nissan merger talks driven by challenges in China's auto market

The surging popularity of electric and hybrid vehicles made by BYD Co. and others has erased the leading position that Japan's automakers once enjoyed

Kia Syros 2025: Launch, price, features, bookings and other key details

Kia India has launched the Syros, its fifth SUV in the Indian market. Kia's position in the SUV market is strengthened by this new model, which caters to a high-end market

High dispatches, low retail sales may up passenger vehicle inventory

According to data from the Society of Indian Automobile Manufacturers (Siam), 347,522 PV units were dispatched by original equipment manufacturers (OEMs) in November

Kia, Tata Motors announce price hikes from Jan due to rising input costs

Maruti, Hyundai and Mahindra & Mahindra (M&M) have already announced to increase prices