Page 6 - Automobile

India's automobile exports rise 14% in Apr-Sept, led by PVs, two-wheelers

Automobile exports from India in the first six months of the current fiscal year rose 14 per cent year-on-year, led by gains in shipments of passenger vehicles and two-wheelers. According to Siam data, the overall exports in the April-September period stood at 25,28,248 units, up 14 per cent as compared with 22,11,457 units in the year-ago period. "Key markets like Latin America and Africa, which had slowed down for various reasons, have bounced back. This has been the main reason for exports coming back," Society of Indian Automobile Manufacturers (Siam) President Shailesh Chandra said. He was replying to a query on the reasons for the bouncing back of vehicle exports in the April-September period. Various African nations and other regions faced challenges due to devaluation of currencies. This impacted the vehicle shipments as the nations focussed on import of essential items. Automobile exports declined 5.5 per cent in FY24 due to the monetary crisis in various overseas ...

JSW MG Motor, Vision Mechatronics join hands to redefine EV batteries

JSW MG Motor India on Friday announced a collaboration with Vision Mechatronics for repurposing used electric vehicle batteries with a homegrown battery management system for second-life usage in large-scale energy storage. The project with Vision Mechatronics, a technology company in the field of second-life batteries, will initially focus on a UPS backup solution and the first product has been deployed for an industrial facility in Pune to demonstrate the versatility and effectiveness of second-life EV batteries. Under the collaboration, JSW MG Motor India will provide EV batteries that are no longer roadworthy, to Vision Mechatronics which in turn will repurpose it into a second-life large-scale energy storage application. "With Vision Mechatronics we have done a 36 kilowatt UPS, which is going to be for industrial application...This one is using the cells of a battery which is not being used as such in the cars. It's perfect in terms of repurposing of the battery and so this als

Tamil Nadu's auto manufacturing sector faces severe climate risks: CII

The risk assessment was carried out as part of CII's new framework, 'Building Climate Resilience for Indian Industry', which aims to help businesses identify and address climate-related threats

Tata Motors managing director Shailesh Chandra elected Siam president

Chandra had previously served as Vice President of Siam. He is now succeeding Vinod Aggarwal, Managing Director and CEO of Volvo Eicher Commercial Vehicles

The road ahead: Steel recycle mandate for automakers on the anvil

"We recently held a meeting with members of the Society of Indian Automobile Manufacturers (SIAM). The final regulations are likely to be issued in the next 10 days," a government source informed

Resourceful Automobile makes a tepid debut but ends on the upper circuit

Resourceful Automobile's initial public offering (IPO) was a fresh issue of Rs 12 crore and raised eyebrows as it was subscribed a whopping 419 times

Motorbike dealer with 8 staffers receives Rs 4.8K cr bids for Rs 12-cr IPO

Resourceful Automobile IPO: The New Delhi-based company specialises in the sale of Yamaha motorcycles and scooters. It runs two showrooms in the national capital under the name 'Sawhney Automobiles'

Passenger vehicle dealers struggle with inventory worth Rs 73,000 cr: Fada

Given the stockpile, carmakers should realign their production around retail figures, according to the Federation of Automobile Dealers Associations

Registration tax waiver on hybrid cars to remain: UP govt to auto companies

The state govt has announced full waiver of registration fee for strong hybrids to boost use of eco-friendly cars

JSW MG to launch 5 cars in next 12 months: CEO Emeritus Rajeev Chaba

MG currently sells five models in India -- Hector, Gloster, Astor, Comet and ZS. The first three are internal combustion engine-run cars while the last two are electric cars

The Balancing Act: Budget expectations of India's automobile sector

At the heart of the debate lies the future of automotive propulsion technologies

Salaried professionals drive up sales of pre-owned cars in Q2 of 2024

The most popular car models among buyers included the Hyundai Grand i10, Maruti Suzuki Swift, and Baleno

Kia India sales zoom past 120,000 in 2024 first half; records 6% growth

Kia India on Monday said its total wholesales increased 10 per cent year-on-year to 21,300 units in June. The automaker had dispatched 19,391 units to dealers in June 2023. Kia India also reported 1,26,137 unit sales in the first half of the year, marking a 6 per cent growth over the year-ago period. "We have observed a healthy month-on-month sales growth in H1 2024, averaging over 21,000 units per month. Our superior product offerings have consistently attracted customers to our showrooms throughout the year, maintaining a strong sales position," Kia India Senior VP and Head Sales & Marketing Hardeep Singh Brar said in a statement. The automaker is committed to sustain this positive trend for the remainder of the year through network expansion, he added.

Why the rise of China's EV makers holds lessons for other countries

The policies employed by China's leaders are now being emulated by Western governments, which are trying to make their own EV makers more competitive

Auto industry grew 19% in value in FY24 as SUVs become popular: Report

Despite high volume of registrations, average price of vehicles in India is cheaper compared to advanced economies

Eye on the green future, auto companies line up over Rs 2 trillion

Last week Tata Motors, the country's market leader in electric vehicles (EVs), said it was planning to spend Rs 16,000-18,000 crore as capital expenditure on its EV arm till FY30

Minda Corp partners with Taiwan firm to locally produce sunroof for PVs

Auto components maker Minda Corporation on Friday said it has inked a pact to form a joint venture with Taiwan-based HSIN Chong Machinery Works Co to locally produce sunroofs for passenger vehicles. The 50:50 partnership aims to localise the production of sunroof and closure technology products. "This collaboration underscores our commitment to Atmanirbhar Bharat, as we strive to deliver comprehensive system solutions encompassing product design, development, and manufacturing for passenger vehicles," Minda Corporation Chairman & Group CEO Ashok Minda said in a statement. HSIN Chong Machinery Works Chairman Roger Hsi said the company is looking forward to collaborate with Spark Minda to expand its footprint in India's growing vehicle market to develop and manufacture innovative integrated automotive sunroof and closure systems for next-generation vehicles. The company is confident that this partnership will effectively channelise the complementary strengths of both organisations ..

Car dealers may be staring at inventory stockpile exceeding 400,000 units

Automobile manufacturers said a record inventory of 400,000 vehicles valued at Rs 44,000 crore can be expected by the end of May due to less demand

MotoGP India round very much on, all obligations will be met: Promoters

Promoters of the MotopGP round in India on Tuesday insisted the September race will go on as per schedule and dismissed the report claiming that Kazakhstan will replace India on the 2024 calendar. Leading motorsport website 'Autosport' has reported that Kazakhstan is to set replace India as local promoters Fairstreets Sports have not paid their partial dues to MotoGP right holders Dorna. However, Fairstreets Sports CEO Pushkar Nath Srivastava, said the round, scheduled from September 20-22, remains part of the calendar and all contractual obligations will be met next month. The inaugural MotoGP race in India was held in Greater Noida last year after Faristreet Sports and Dorna signed a seven-year agreement. The calendar published on the MotoGP website still has India listed on it. "The race is very much on. These are just rumours floating around. All of the contractual obligations will be met in June," Srivastava told PTI. Uttar Pradesh is an important stakeholder of the race and

Harley-Davidson motorcycles launched in India, prices begin at 13.39 lakh

Harley Davidson and Hero MotoCorp announced prices of the upcoming motorcycles in India. The motorcycle price begins at Rs 13.39 lakh (ex-showroom)