Car thefts in the national capital have surged by over 52 per cent this year, with reported cases rising from 1,662 during the same period last year to 2,529 cases between January 1 and July 24, officials said on Friday. According to the data from the Zonal Integrated Police Network (ZIPNET), apart from cars, 105 jeeps and 58 small trucks, lorries or multi-purpose vehicles were also reported stolen during the same period. Among the stolen vehicles were two ambulances one taken from Kotla Mubarakpur in South Delhi and the other from the Janakpuri Metro Station. The data further showed that two buses were stolen from the Timarpur and Seemapuri areas, and seven bicycles were reported missing from different parts of the city. The thefts occurred in both residential neighbourhoods and public spaces, including areas near petrol stations, schools, markets, and parks. Several incidents were reported from Sectors 3, 7 and 24 in Rohini as well as from Paschim Vihar and Ashok Vihar in North
Thoothukudi facility likely to be inaugurated by month-end
While average selling prices rose 7.6% between 2019 and 2024 due to premiumisation and regulation costs, they are expected to rise more moderately at 4.5% CAGR till 2029
India has just 44 passenger cars per 1,000 people. While next-door China has 251. South Korea has 422, Japan 502, and Indonesia has 76 vehicles for every 1,000 people
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Car theft is a growing problem in the UK, as almost 130,000 vehicles were stolen in the year ending March 2024-near a 15-year high-costing insurers $867 million
In 2014, only 1 per cent of India's automobiles were transported through railways
Maruti Suzuki India Ltd on Monday said it has partnered with ESAF Small Finance Bank to offer retail financing solutions for new cars, used cars, and commercial vehicles. The two partners have signed a Memorandum of Understanding for the purpose, which will focus on offering easy and flexible finance options tailored especially for first-time buyers, the company said in a statement. The partnership will leverage the combined network of Maruti Suzuki and ESAF Small Finance Bank across Tier II and Tier III cities to make vehicle ownership more accessible and convenient for a wider segment of customers, it added. "Through this (partnership), we aim to further enhance financing options and flexible repayment solutions...," Maruti Suzuki India Senior Executive Officer, Marketing & Sales, Partho Banerjee said. ESAF Small Finance Bank MD & CEO K Paul Thomas said, "This collaboration will help extend affordable and convenient mobility solutions to a wider customer base, particularly ..
A disruption in rare earth magnet supplies lasting beyond a month can impact production of passenger vehicles, including electric models, weighing on the domestic automobile industry's growth momentum, a report on Tuesday said. Rare earth magnets, low in cost but critical in function, could emerge as a key supply-side risk for India's automotive sector if China's export restrictions and delays in shipment clearances persist, Crisil Ratings said in a statement. "The supply squeeze comes just as the auto sector is preparing for aggressive EV rollouts. Over a dozen new electric models are planned for launch, most built on PMSM platforms," Crisil Ratings Senior Director Anuj Sethi said. While most automakers currently have 4-6 weeks of inventory, prolonged delays could start affecting vehicle production, with EV models facing deferrals or rescheduling from July 2025, he added. A broader impact on two-wheelers and ICE PVs may follow if the supply bottlenecks persist for an extended peri
Though the engines were worth only $2.3 million, the police investigation noted the case had widespread impact on industrial operations, stakeholder trust and employment security
Options discussed include expediting the bill or presenting a more detailed measure similar to it before Congress's July 4 recess
India's car market is set to grow at 3.5% CAGR to 2030 with 5.1 mn units sold annually as firms plan $10 bn investments to expand EV and battery manufacturing base
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.
Minus Zero's vision-based autopilot system uses foundational AI models to navigate urban traffic in India, with production expected in 2 years through OEM partnerships
Kia has officially launched the all-new Clavis in India, a bold and feature-rich alternative to the Carens. Bookings open from midnight today
CARS24's involvement is focused on strengthening Team-BHP's product, technology and AI capabilities to improve the experience of its readers and community members
The car shopping experience remains a man's world: By men and for men