Page 12 - Automotive Industry

Maintaining its small-car dominance, Maruti leads mid-size PV sales in FY23

Maruti launched several vehicles in this segment last year. It now has popular offerings like the Grand Vitara, Brezza, and XL6 in its product lineup catering to this market segment

Maruti to launch its new MPV 'Invicto' next month: What we know so far

Toyota and Suzuki have agreed to leverage each other's products to multiply their sales

Robust demand pushes passenger vehicle sales up 13.5% YoY in May: Siam

Total vehicle dispatches across categories were at 1,808,686 units in May 23, Siam data shows

Automobile retail sales see 10% growth in May across segments: FADA

Automobile retail sales rose 10 per cent in May on the back of robust demand across segments including passenger vehicles, two-wheelers and tractors, automobile dealers' body FADA said on Monday. The total automobile retail sales jumped to 20,19,414 units last month, from 18,33,421 units in May 2022. Passenger vehicle sales rose by 4 per cent to 2,98,873 units in May, as compared to 2,86,523 units in the year-ago period. The Federation of Automobile Dealers Associations (FADA) President Manish Raj Singhania said improved availability of vehicles coupled with pending order list and the robust demand for new launches drove a positive momentum, helping the passenger vehicle segment rebound after a slump in the previous month. Two-wheeler retail sales last month rose 9 per cent to 14,93,234 units, as compared to 13,65,924 units in May 2022. "The two-wheeler sales were positively influenced by seasonal factors like the marriage season, changes in the FAME subsidies effective from June,

Kia Seltos facelift spotted in X Line variant, check design updates

Speaking of the exterior styling, the new Seltos is likely to get a redesigned grille up front, a new set of LED headlights with a split treatment along with a new bumper

Give us a road map and timeframe for local supply chain: India tells Tesla

At present, most of Tesla's vendors are Chinese, and they will need to establish joint ventures with Indian firms to operate in the country

Indian armed forces express interest in buying Maruti's five-door Jimny

Unlike the Thar, which is also sold in two-wheel drive, Maruti Suzuki will offer the Jimny only in a four-wheel drive arrangement

ALD Automotive completes acquisition of LeasePlan, makes local mgt changes

With this deal, the combined entity now has a total of 3.31 million vehicles managed worldwide

MG and Jio join hands to offer better voice-recognition technology

The partnership will focus on the seamless integration of the Hinglish Voice Recognition-enabled experience in MG's newly launched Comet EV, with help from Jio's Digital Assets

High inflation, lower-demand drive car sales in Pakistan down by 84% YoY

For April 2023, only 2,844 units were sold against 18,826 units sold in April 2022

Honda to unveil its midsize SUV Elevate on June 6: Glimpses inside

Honda will place the Elevate in the fiercely competitive midsize SUV segment that has established players like Hyundai Creta and Kia Seltos

MG Motor 3.0 to push for Indianisation, green tech, capacity expansion

MG entered the Indian market in September 2017 by taking charge of General Motors' old plant in Halol. The plant has acted as MG's manufacturing hub for the last four to five years

April auto retail sales drop of 4% on decline in two-wheeler demand

The two-wheeler and passenger vehicle categories experienced YoY degrowth of 7% and 1%, respectively

The rise and fall: Auto LPG runs on fumes, sales down 82% since FY19

The sales of LPG cars have seen a steep decline of 82 per cent in the past five years. In the financial year 2023 (FY23), only 23,618 units were registered as against 1,28,144 units registered in FY19

Kia focuses on utility vehicle segment in India for long-term growth

South Korean automaker Kia is focussing on the utility vehicle segment in the Indian market as it remains bullish on the long-term growth potential of the vertical in the country, according to a senior company official. The automaker, which sells products like Seltos, Sonet and Carens in the market, also plans to keep on offering diesel trims on its models with demand remaining robust for such variants in the fast-growing sports utility vehicle (SUV) segment. Buoyed by its presence in the utility vehicle segment, the company expects its sales to grow by around 10 per cent this year. It sold 2,54,556 units in 2022. "Our focus firmly remains on multi-purpose vehicles and sports utility vehicles," Kia India National Head- Sales and Marketing Hardeep Singh Brar told PTI in an interaction. The company remains bullish on the SUV and MPV segments and does not have any plans to introduce sedans in the market, he noted. Brar noted that the contribution of the SUV segment in the overall ..

Musk says Tesla likely to launch full self-drive technology this year

"I hesitate to say this but I think we'll do it this year," said Tesla CEO Musk, speaking on a conference call

ACMA joins global right to repair movement to support automotive industry

Auto component industry body ACMA on Thursday said it has joined other global associations to lend support to the global right to repair movement. The Automotive Components Manufacturers Association of India (ACMA) said it has become party to the new right to repair position statement to support the automotive aftermarket. Across the globe, consumers are facing a significant threat to their right to repair their vehicles at the auto repair shop of their choice. With vehicles increasingly becoming like cellphones, connected wirelessly at all times. These connected vehicles collect thousands of data points on the health of vehicle systems and then transmit this to the automakers obstructing access to the independent repair shops. Globally, the automotive aftermarket keeps 1.5 billion vehicles on the road while contributing USD 1.8 trillion to the global economy. After vehicles exit their warranty period, independent repair shops perform 70 per cent of the repairs. "This vibrant ind

Persistent chip, logistics woes frustrate car delivery timelines

Persistent chip and logistics woes frustrate delivery timelines. Open order books in Feb breach 700K; wait period for some models exceed a year

From automotive to telecom, here's how the Budget affects key sectors

Financial sector identified as one of the priority sector as part of "Vision Amrit Kaal

Mumbai Airport plans to deploy over 100 EVs at facility by FY24: MIAL

Adani Group-owned Mumbai Airport has said it is looking to deploy more than 100 electric vehicles at the facility by FY24 to reduce its carbon footprint and promote sustainable transportation. As part of the plan, the airport operator on Wednesday rolled out 45 EVs at the facility, Mumbai International Airport Ltd (MIAL) said in a statement. The private airport operator also said it intends to replace all its ICE-powered vehicles with EVs as part of its Operational Net Zero mission by 2029. In addition to the 45 EVs being introduced in January, the airport is also exploring the deployment of 60 more EVs in the next fiscal year, including ambulances, forward command posts, security and airside operations and maintenance utility vehicles, it said. The remaining vehicles will be replaced in a phased-wise manner, the private airport operator added. Recently, the airport commissioned 12 DC fast EV charging stations at multi-level car parking and both Terminals 1 and 2, as well as the .