Page 3 - Automobile

Mahindra group's top executives witness up to 98% jump in salaries

Anish Shah and Rajesh Jejurikar received pay hikes of up to 98 per cent in FY25 as Mahindra Group delivered strong growth in its automobile and farm sectors

Ganesh Mani to take charge as Switch India CEO, effective September 1

The company said that its current CEO, S Mahesh Babu, has decided to step down from his position to pursue opportunities outside the group, effective August 31, 2025

Critical rare earth magnet importers look to invoke 'force majeure'

Since April 4, around 35 importers in India have either not received any shipment of the magnets or have not been granted the import licences by China

Maruti Suzuki cuts near-term EV production amid rare earths crisis

India's top carmaker, which said on Monday it had not seen any impact yet from the supply crisis, now plans to make about 8,200 e-Vitaras between April and September

China's rare earth ban to have short term hit; seeking alternatives: Goyal

Union Minister Piyush Goyal said that the Indian embassy is in dialogue with China and the commerce ministry is also working on the issue

Yamaha rolls out 5 millionth bike from Chennai plant, marks 10 years

India Yamaha Motor's Chennai plant has completed 10 years of operations and produced its 5 millionth two-wheeler, playing a key role in exports and premium product strategy

Tata Motors demerger to give shareholders long-term returns: Chandrasekaran

Tata Motors chairman N Chandrasekaran has said that the demerger will enhance agility, boost EV focus, and integrate AI to deliver long-term value

India's car-centric growth is driving the middle class to frustration

At 6 million-plus kilometers (4 million miles), India's road network is now the second largest in the world after the US, according to official data from New Delhi.

Tata AutoComp, Katcon tie up in Mexico to make composites for NA market

The new Mexico-based venture will cater to North American OEMs with composite solutions aimed at improving vehicle efficiency and meeting weight-reduction targets

Automobile sales inch up 2.95% in April, CV sales see decline, says Fada

Two-wheeler retail sales in April this year reached 1,686,774 units compared to 1,649,591 units in the same month last year, Fada said

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.

Gadkari mulls law for sound of Indian musical instrument as vehicle horns

Union Road Transport and Highways minister Nitin Gadkari on Monday said he is planning to bring a law under which only the sound of Indian musical instruments can be used as a horn for vehicles. Addressing the 78th Foundation Year Celebration of Navbharat Times, Gadkari said, "I am planning to make a law that horns of all vehicles should be in Indian musical instruments so that it is pleasant to hear. Flute, tabla, violin, harmonium." The transport sector contributes to 40 per cent of the air pollution in the country, he said, adding that the Modi government is promoting vehicles that run on green and bio-fuel, including methanol, ethanol. Gadkari noted that India gets maximum revenue from exports of two-wheeler vehicles and cars. According to him, in 2014, the Indian automobile sector was valued at Rs 14 lakh crore, which has now grown to Rs 22 lakh crore. Gadkari said India has surpassed Japan to become the world's third-largest automobile market, following the US and ...

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"