Automobile Industry

While GM will still develop autonomous technology, it's a big retrench for the company

In the previous financial year, FY24, MSIL added 400 service touchpoints, with 90 in the Nexa (premium) format and the remaining 310 in the Arena (affordable) format

Union minister Nitin Gadkari on Wednesday said the logistics cost in India will come down to 9 per cent within two years. Speaking during bauma Conexpo India, the Road Transport and Highways Minister said that "presently our logistics cost is 14-16 per cent... I assure you that within two years... our logistics cost will be 9 per cent. So we will be more competitive in the international market." In China, the logistics cost is 8 per cent and in the US and European countries it is 12 per cent, the minister said. The minister further said the automobile industry is one of the important industries that is giving maximum revenue as part of GST to the state governments and the Centre. The role of the automobile industry is very important to make India a USD 5 trillion economy, he said. The construction equipment, he said, is also part of this automobile industry. The government is developing infrastructure of international standards, he said, adding that water, power, transport and ..

Tractor sales, however, saw an impressive 29.88 per cent Y-o-Y jump, suggesting good rural demand

Maruti, Hyundai and Mahindra & Mahindra (M&M) have already announced to increase prices

Tata Motors and Kia India on Monday announced plans to hike vehicle prices from January to offset the impact of rising input costs. Tata Motors said it will hike the price of its passenger vehicle portfolio, including electric vehicles, by up to 3 per cent from January next year. The price hike is being undertaken to partially offset the rise in input costs and inflation, the Mumbai-based auto major said in a statement. "Effective January 2025, the price increase will vary depending on model and variant," it added. Tata Motors sells a range of passenger vehicle models ranging from Tiago hatchback to SUVs Harrier and Safari. Kia India, which sells models like Seltos and Sonet, said it will increase prices of its entire model range by 2 per cent from January. The price hike, effective from January 1, 2025, is primarily due to rising commodity prices and escalating supply chain-related costs, the automaker said in a statement. Kia India Senior Vice President Sales and Marketing -

A video of smoke emanating from an electric scooter in Chhatrapati Sambhajinagar has gone viral, after which leading two-wheeler maker Bajaj Auto said the incident is being probed. Smoke came out of the vehicle, apparently a Bajaj Chetak electric scooter, at a busy traffic signal on the Jalna Road on Thursday. Fire brigade deployed a team to douse the smoke, an official said. Two farmers, Bhagwan Chavan and Ravindra Chavan from Varvandi village had come to Chhatrapati Sambhajinagar for purchasing water pipes. While they were waiting at the signal, they noticed that smoke was coming out of their e-vehicle, the official said. The vehicle was taken aside and a fire brigade team was called from the Seven Hills fire station. The team sprayed water over the vehicle and the smoke stopped, the official said. We have been informed of a thermal incident. The matter is being investigated, a spokesperson of Bajaj Auto told PTI. When contacted, local police and fire brigade official said they

Prices of various car models -- ranging from entry-level hatchbacks to high-end luxury offerings -- are set to rise as automakers have announced price hikes with effect from January. Carmakers cite an increase in input costs and operational expenses as the main reason to implement price increases from the next month. Industry experts, however, note that the exercise is also undertaken by automakers every year in December to shore up sales volume in the last month of the year, as customers postpone buyouts to later months to get the new year manufactured units. "We have seen a few cycles of price increase in India. It happens at the beginning of the calendar year and financial year, but few OEMs pick the timing based on their planned launches as well," Deloitte India Partner Rajat Mahajan said. While there could be multiple factors for the price increase, the key one is due to a decline in profitability of a few large auto OEMs in the second quarter, he added. "Due to the festive .

(Reuters) - India's Exicom Tele-Systems, a supplier for car makers such as Mahindra & Mahindra and MG Motor, expects its electric vehicle charger business to bring in half of its annual revenue by 2030, its chief executive told Reuters.

The electric car market is set to become increasingly competitive in 2025, with several carmakers, including Mahindra & Mahindra, Maruti Suzuki, Hyundai, and Kia, planning to launch their EVs

In the e2W category, which accounts for more than 60 per cent of total EV sales, volumes fell 15 per cent to 118,944 units in November, compared to 139,787 units in the previous month

Marks 4x increase with 3,200 new outlets joining 800 existing stores

Exports grow in strong double digits

Targeting to treble Skoda's India sales riding on this vehicle

Ma joined Nissan in 1996 in North America and worked in financial roles in China and Japan before being promoted to CFO in December of 2019

JSW MG has identified its dealer partners in 12 cities to establish MG Select showrooms, a premium showroom line separate from mass-market dealerships

Czech automaker Skoda is eyeing considerable increase in sales next year riding on the back of its latest offering Kylaq, which marks its entry into the high-selling compact SUV segment. The company is eyeing gains in smaller cities and towns with the new model which is tagged between Rs 7.89 lakh and Rs 14.4 lakh (ex-showroom). "It's a beginning of a new era for Skoda, because with this car, we are becoming a true volume player in India," Skoda Auto India Brand Director Petr Janeba told PTI in an interaction. He noted that Kylaq will further its goal of entering new markets, bringing new customers into the Skoda family and strengthening brand presence in India. When asked about sales aspirations with a new model joining the portfolio, Janeba said the company expects to close 2024 with a total volume of around 40,000 units. "Next year we are looking at 2.5-3 times growth in the volumes aided by Kylaq," he stated. The company has commenced bookings of the model with deliveries exp

Maruti Suzuki India on Sunday reported a 10 per cent year-on-year increase in its total sales at 1,81,531 units in November. The automaker had dispatched 1,64,439 units to its dealers last November last year. Total domestic passenger vehicle wholesales were at 1,41,312 units as compared with 1,34,158 units in the year-ago month, a growth of 5 per cent, it added. Sales of mini segment cars, comprising Alto and S-Presso, stood at 9,750 units as against 9,959 units in November 2023. Sales of compact cars, including Baleno, Celerio, Dzire, Ignis, Swift, Tour S and WagonR, declined to 61,373 units as compared to 64,679 units in the year-ago month. Utility vehicles, consisting of Brezza, Ertiga, Grand Vitara and XL6, clocked sales of 59,003 units last month as compared to 49,016 units earlier. Sales of van Eeco were at 10,589 units last month as against 10,226 units in November 2023, while that of light commercial vehicle Super Carry stood at 2,926 units as against 2,509 units earlier.

Kia India on Monday said it is eyeing markets in the Middle East and Africa as it aims to double the export of completely knocked down (CKD) units by 2030. To date, the automaker has exported one lakh units of CKD vehicles since it began shipments in June 2020 from its manufacturing facility at Anantapur in Andhra Pradesh. Kia India is one of the key export hubs for the South Korea-based Kia corporation, accounting for 50 per cent of the its CKD exports worldwide. In a statement, Kia India Chief Sales Officer Joonsu Cho said the automaker is grateful for the government's export-friendly policies, which have played a crucial role in strengthening country's position within the global automotive value chain. "Looking ahead, we aim to expand our CKD footprint to the Middle East and Africa, to double our export volume by 2030," he noted. The company is looking to export over 38,000 CKD units across Uzbekistan, Ecuador, and Vietnam markets this year, the automaker said. Cumulatively, t

Bosch, the world's biggest car parts supplier, said it is planning to cut 3,500 jobs by end-2027 in its cross-domain computer solutions division