Page 25 - Automobile

Tata Motors: In advanced stages to raise $1 billion for EV biz - Report

Tata Motors fund raising has attracted multiple private equity funds from the US, Middle East and Southeast Asia for for EV business.

Registration renewal of 15-year-old cars to cost 8 times more from Apr 2022

Starting from April next year, vehicle owners will have to shell out Rs 5,000 for renewal of registration of the cars older than 15 years, which is eight times more than what they currently pay. The road transport and highways ministry has issued a notification for the renewal of the certificate of registration of old vehicles and this new rule is part of the government's overall plan to roll out the National Automobile Scrappage Policy. According to the notification, renewal of certificate of fitness for a bus or truck older than 15 years will cost nearly eight times higher charges than owners of the commercial vehicles currently pay. While charges of registration renewal of a 15-year-old car would be Rs 5,000 compared to the current fee of Rs 600, the charges of registration renewal of old bikes would be Rs 1,000 compared to the current fee of Rs 300. Similarly, a fitness renewal certificate for a 15 year-plus bus or truck would cost Rs 12,500 from the current fee of Rs 1,500; wh

Carmakers stare at nearly 500,000 units of booking backlog, and counting

Chip shortage disrupts production plans

Two-wheeler to car sales: Record low ratio shows Covid impact on poor

Analysts fear that this time, it may take many years of double-digit growth for the industry to recoup the loss in sales volume

Explained: How chip shortage is impacting automakers, other industries

Everybody in the ecosystem is hoarding, or buying excess chips. Some are even buying four times their usual requirements

Ford wakes up badly burnt from its India dream: Here's what went wrong

Analysts and executives said foreigners badly misjudged India's potential and underestimated the complexities of operating in a vast country that rewards domestic procurement.

Kia India drives in updated Carnival with price starting at Rs 24.95 lakh

Kia India on Thursday said it has launched the updated version of its premium multi-purpose vehicle Carnival with a price starting at Rs 24.95 lakh (ex-showroom).

Cabinet clears Rs 26,000-cr PLI scheme for auto sector to boost production

Over a period of five years, the PLI scheme for the auto sector will lead to fresh investments of over Rs 42,500 crore and incremental production of over Rs 2.3 trillion

'PLI for auto aims to ramp up new technologies in the sector'

PLI scheme for the auto sector primarily aims to target two areas. OEM incentive scheme is linked to value sales and is applicable on battery electric and hydrogen fuel cell vehicles of all segments

From Ford Motor to Harley-Davidson, why US automakers stalled in India

Failure to read the market and taxes favouring small cars made some of the most storied names in the global automobile industry fail in the world's fifth-largest market

Three stories make a trend

'Make in India as it stands has been a failure', says the author

Ford to stop making vehicles in India amid mounting losses and poor sales

Ford had been rethinking its India operations even before it had initiated discussion with Mahindra & Mahindra in 2019

Battery-powered vehicles to concept cars: Wild wheels at IAA Mobility Show

Auto brands were already questioning the relevance of car shows before the novel coronavirus arrived

Hero Motors aims to treble exports, int'l revenue to Rs 3,000 cr by FY24

HMC (Hero Motors Company) Group is aiming to treble its exports and international revenue to Rs 3,000 crore by FY24, driven by high growth in the European and American markets.

Cabinet may soon approve revised PLI scheme for automobile sector

The government is believed to have slashed the outlay for the automobile sector under the production-linked incentive (PLI) scheme to about Rs 26,000 crore

Tesla's output in China halted for days in August over chip shortage

In China, Tesla shipped around 33,000 electric cars locally and to overseas markets in July

Car review: The Kushaq looks to become lord of small SUVs in India

For those who want to get into sportier driving, the high-end variants come with paddle-shifters for quicker shifting of gears

Automobile sales skid on chip shortage; dealers stare at supply crunch

Maruti reported a 19% decline in total sales at 130,699 units in August, as against 162,462 units in the previous month

Chip shortage may spoil the party for carmakers this festive season

Once the festive season is in full cry, the wait may be extended to six to nine months, and even spill over to the next calendar year, say auto dealers

Automobile industry stuck in a low gear

The Indian automobile industry is going through a rough patch. And the crisis seems to run deep. Get the real picture of the state of affairs through this video. Watch it