Page 3 - Vehicles

15% tax rebate on new vehicle in Maharashtra if old voluntarily scrapped

The Maharashtra cabinet on Tuesday decided to provide a 15 per cent tax concession to owners who voluntarily scrap their vehicles when purchasing a new one of the same type. A statement from the Chief Minister's Office (CMO) said tax concession of 10 per cent will be given to transport vehicles voluntarily scrapped within eight years of registration at a Registered Vehicle Scrappage Facility (RVSF) and to non-transport vehicles voluntarily scrapped within 15 years of registration. A 15 per cent tax concession will be given to transport and non-transport vehicles subject to lump sum tax, said the statement issued after a cabinet meeting presided over by Chief Minister Devendra Fadnavis. Whereas, a 15 per cent annual tax concession will be given to vehicles subject to annual tax for the next eight years from the date of registration in the transport category and for non-transport ones for the next 15 years, it said. The Certificate of Deposit received by the owner after scrapping ..

TVS Motor reports 17% increase in total sales at 4,14,687 units in March

TVS Motor Company on Tuesday reported a 17 per cent increase in total sales at 4,14,687 units in March compared to 3,54,592 units a year ago. Total two-wheeler sales rose 16 per cent to 4,00,120 units last month against 3,44,446 units in March 2024, the company said in a statement. Domestic two-wheeler sales grew 14 per cent to 2,97,622 units in March 2025 from 2,60,532 units in the year-ago month. The company said its electric vehicle sales zoomed 77 per cent last month to 26,935 units over 15,250 units in March 2024. Three-wheeler sales were at 14,567 units in March against 10,146 units during the same month in 2024, a growth of 44 per cent. Exports registered a growth of 23 per cent at 1,13,464 units last month from 91,972 units in March 2024, the company said. During the financial year 2024-25, the company registered a growth of 13 per cent at 47.44 lakh units compared to 41.91 lakh units in 2023-24, TVS Motor Co said. Two-wheeler sales climbed 12 per cent to 43.3 lakh units

Poonawalla Fincorp launches CV secured loans biz for tier-2,3 markets

Poonawalla Fincorp Ltd, the NBFC arm of the Cyrus Poonawalla Group, on Monday announced the expansion of its product portfolio with the launch of secured loans business for commercial vehicles (CVs), covering both new and old vehicle purchases. With a strong focus on Tier 2 and Tier 3 markets, the company said it plans to initially enter 68 locations across 12 states in the first phase. It aims to expand further to 400 locations across 20 states through a hub-and-spoke model in the next phase. The tailored financing solution for small, light, and heavy commercial vehicle operators, which aims to bolster the logistics and supply chain sectors, will help the segment players enhance their transportation capabilities, Poonawalla Fincorp Ltd (PFL) said. Besides, the customers will also benefit from flexible, structured payment and repayment options, the company said, adding that as part of this launch, it has also introduced a technology solution aligned with its risk-first ...

Tata Motors returns in Sri Lanka with all-new passenger vehicle portfolio

Marking its return in Sri Lanka, Tata Motors on Thursday announced the launch of its all-new range of passenger vehicles, including electric vehicles, in the country. The company in partnership with its sole authorised distributor in Sri Lanka, DIMO, launched a range of SUVs - Punch, Nexon, and the Curvv, along with its popular electric hatchback, Tiago.ev, while showcasing EV portfolio comprising Punch.ev, Nexon.ev and the Curvv.ev, Tata Motors said in a statement. "We are excited to be here in Sri Lanka, marking a new chapter in our international business strategy. Tata Motors has undergone significant transformation over the years, and there is no better way to mark our return than with a new, game-changing product portfolio," Tata Passenger Electric Mobility - Head of International Business, Yash Khandelwal said. *** TVS Motor Co, PETRONAS Lubricants strengthen partnership * TVS Motor Company on Thursday said it has further strengthened its partnership with PETRONAS Lubricant

Auto retail sales up 7% in Jan as passenger vehicle segment rises 16%

All segments begin year well, 46% of automobile dealers expect growth: Fada

Automobile retail sales rise 7% in January, PV segment up 16%: Fada

Automobile retail sales in India rose 7 per cent year-on-year in January at 22,91,621 units, driven by robust demand across segments, dealer's body FADA said on Thursday. Overall retail sales stood at 21,49,117 units in January 2024. "Our observations indicate that each vehicle category --2W, 3W, PV, tractor and CV-- witnessed positive momentum, pointing toward sustained consumer confidence and steady market recovery," the Federation of Automobile Dealers Associations (FADA) President C S Vigneshwar said in a statement. Passenger vehicle retail sales jumped 16 per cent year-on-year to 4,65,920 units last month. Many dealers noted improved demand but also pointed to last year's heavy discounting, which helped clear older models and shift registrations, Vigneshwar said. Inventory levels have improved, dropping by around five days to 50-55 days, suggesting improved supply-demand balance, he added. Two-wheeler retails stood at 15,25,862 units last month, an increase of 4 per cent, as

Citroen India extends standard warranty period on its ICE car models

The new standard warranty policy extends to the Citroen C3, C3 Aircross, Basalt, and C5 Aircross. The warranty on the e-C3 electric hatchback remains unchanged

BYD to keep focus on launching EVs in Rs 25-45 lakh range: India Head

Chinese EV manufacturer unveiled Sealion 7 for Indian market at Bharat Mobility Global Expo

Tata Motors Group reports 1% growth in Q3 FY25 global wholesales

Global wholesales of Tata Motors' commercial vehicles, including the Tata Daewoo range, reached 97,535 units, reflecting a decline of 1 per cent compared to Q3 FY24

US govt to extend airbag probe, delays recall for 50 million vehicles

NHTSA had argued at a hearing in October 2023 that inflators produced by two airbag manufacturers, ARC Automotive and Delphi Automotive, should be recalled

In a first, Maruti crosses annual production milestone of 2 mn vehicles

Fronx, Ertiga, WagonR and Brezza were the top five manufactured vehicles during the calendar year 2024

Tivolt Electric Vehicles sign MOU with TPREL to enhance EV charging infra

This partnership aims to build a robust EV Charging ecosystem by leveraging Tata Power's expertise in diversified EV Charging solutions

Expect same high growth momentum to continue in 2025, says Toyota

In the first eight months of this financial year, TKM sold 219,054 units and achieved a growth of 39 per cent year-on-year (Y-o-Y)

GM to retreat from robotaxis, stop funding Cruise autonomous vehicle unit

General Motors has said it will retreat from the robotaxi business and stop funding its money-losing Cruise autonomous vehicle unit. Instead the Detroit automaker will focus on development of partially automated driver-assist systems like its Super Cruise, which allows drivers to take their hands off the steering wheel. GM on Tuesday said it would get out of robotaxis given the considerable time and resources that would be needed to scale the business, along with an increasingly competitive robotaxi market. The company said it will combine Cruise's technical team with its own to work on advanced systems to assist drivers. GM bought Cruise automation in 2016 for at least USD1 billion with high hopes of developing a profitable fleet of robotaxis. Over the years GM invested billions in the subsidiary and eventually bought 90 per cent of the company from investors. GM even announced plans for Cruise to generate USD1 billion in annual revenue by 2025, but it scaled back spending on t

Maharashtra sets March 31 deadline to fix high security number plates

More than two crore vehicles registered in Maharashtra before April 2019 will have to be fitted with High Security Registration Plates (HSRP) in the next four months to avoid imposition of penalty on their owners. The Maharashtra Transport Commissioner's Office has set March 31, 2025 deadline for installation of the HSRPs to the vehicles and appointed three agencies, after a long-drawn-out tendering process, to carry out the task. The authorities issued the Standard Operating Procedures (SOPs) for the new registration plates on Wednesday, a day before the new Maharashtra government led by Devendra Fadnavis was sworn in. To curb vehicle thefts and bring uniformity in vehicle's identity marks, the fitment of these number plates was made mandatory for the vehicles registered in Maharashtra before April 2019, and the onus of installing those was on the manufacturers. Made of a rare aluminum alloy, HSRP contains a retro-reflective film with a verification inscription 'India', a ...

LMV driving licence holders can drive vehicles with 7,500 kg weight: SC

In a relief for commercial vehicle drivers, the Supreme Court on Wednesday held that a person holding a driving licence for a light motor vehicle (LMV) is also entitled to drive a transport vehicle with an unladen weight not exceeding 7,500 kg. The judgement of a five-judge Constitution bench headed by Chief Justice D Y Chandrachud is a jolt to insurance companies which had been rejecting claims if accidents involved transport vehicles of a particular weight and if the drivers were not authorised to drive them as per legal stipulation. There is no empirical data that LMV driving licence holders are responsible for rise in road accidents in the country, Justice Hrishikesh Roy, who wrote the unanimous verdict for the bench, said. He said the LMV driving licence holders, who spent maximum time behind the wheels, are seeking an answer from the court and their grievances cannot be rejected on technical grounds. Besides the CJI and Justice Roy, the bench also comprised Justices P S ...

Authorities in Delhi fine owners of polluting vehicles, building sites

Environmental compensation payments have been ordered for 597 sites, while 56 have been told to close

Ola Electric vehicle registrations up 74% at 41,605 units in October

Ola Electric Mobility Ltd on Friday reported a 74 per cent rise in vehicle registrations at 41,605 units in October 2024 as compared to the same month last year. The company sold over 50,000 units in October 2024, Ola Electric said in a statement. The registration numbers are as per Vahan data, it added. "The festive season has been really strong for us on the back of our expansive portfolio, uptick in consumer demand, and the strengthening of our sales network across India. We have witnessed an increase in EV adoption especially in Tier 2 and 3 markets and we are confident that this positive growth will cascade in the coming months as well," a spokesperson of Ola Electric Mobility Ltd said. The company said it has started a campaign to double its company-owned service network to 1,000 centres by December 2024. Also, as part of the network partner programme, it will onboard 10,000 partners across sales and service by the end of 2025.

Delhi transport seizes over 400 end-of-life vehicles in 2 days of crackdown

As many as 26 teams of the transport department, each consisting of four officers, are targeting around 120,000 overage vehicles in the city

Trump threatens to impose 200% tariff on vehicles imported from Mexico

Trump made his remarks on tariffs as he pledged to bolster the US auto industry