Car Industry

Postponement of Ratha Yatra, unforgiving summer, election season led to saturation

As the monsoon season begins, carmakers and dealers are intensifying their efforts to attract buyers with various incentives, including discounts, exchange bonuses, and assured gifts

IDEMIA's Indian factory accounts for 10 per cent of its SIM global capacity. It is manufacturing the chips embedded in the product at the factory and importing only the wafers from fab plants

Both Japanese automakers have been hit hard in key market China by consumers' shift to low-priced, software-loaded EVs produced by Chinese brands such as BYD

China's current import tariff for cars is 15%

Hyundai Motor India sought regulatory approval on Saturday to list on the Mumbai stock market in what could be the biggest IPO in the South Asian nation

Mahindra & Mahindra on Saturday said its total wholesales increased 17 per cent year-on-year to 71,682 units in May. The company's total dispatches to its dealers stood at 61,415 units in May 2023. The Mumbai-based auto major's passenger vehicle sales in the domestic market rose 31 per cent to 43,218 units last month against 32,886 units in May 2023, it said in a statement. Exports rose 2 per cent year-on-year to 2,671 units last month from 2,616 units in May 2023. Mahindra's Farm Equipment Sector (FES) reported 9 per cent increase in total tractor sales at 37,109 units as against 34,126 units for the same period last year. "Coupled with timely arrival of southwest monsoon in Kerala and northeast states and forecast of an above normal monsoon has improved the on-ground sentiments of farmers," Mahindra & Mahindra President, Farm Equipment Sector Hemant Sikka said. Land preparation activities for Kharif crops are expected to begin on time, which is likely to boost tractor ...

Automaker Stellantis on Saturday said it has appointed Shailesh Hazela as CEO and Managing Director of India operations. Hazela succeeds Aditya Jairaj, who will be relocating to the US. Previously, Hazela served as Vice President, Global Purchasing and Supply Chain for India & Asia Pacific region for Stellantis. He brings a wealth of experience and a proven track record in driving growth and innovation, the company said in a statement. Since joining Stellantis in September 2022, Hazela has focused on leveraging the supply base across India, ASEAN, Korea, Japan, and other regions, and developing the supply base for Stellantis in India & Asia Pacific (IAP) region, it added. "Shailesh's strategic vision and extensive experience will be instrumental in driving growth and innovation in the Indian market. We are confident that Shailesh will lead the company fostering sustainable business growth," Stellantis IAP region COO Ashwani Muppasani said. Stellantis operates three ...

If you look at the sales numbers of various models, they tell an interesting story

In 2021, only 14.8 per cent of the cars sold in India were black. That increased to 15.5 per cent in 2022 and further to 19.5 per cent in 2023

Car sharing platform gets 90% of its business in India, went public last week

Volkswagen Passenger Cars India on Tuesday said it plans to hike prices by up to 2 per cent across model range to offset adverse impact of rising input and material costs from January 1, 2024. Already other manufacturers such as Maruti Suzuki, Hyundai Motor India, Tata Motors, Mahindra & Mahindra, Honda, Audi and BMW, have announced plans to increase prices of their vehicles in January. Effective January 1, 2024, the company plans to hike prices by up to 2 per cent across its model range owing to rising input and material costs, a spokesperson of Volkswagen Passenger Cars India said in a statement. "While the brand continues to absorb most of the input cost increase, however, some impact will have to be passed on to the end consumers," it added. Volkswagen Passenger Cars India sells vehicles ranging from mid-sized sedan Virtus to premium SUV Tiguan priced between Rs 11.48 lakh and Rs 35.17 lakh.

The carmakers cited high cost pressure, driven by overall inflation and increased commodity prices, behind the price hike plans

Driven by consumer demand, automobile companies sold 1.14 million vehicles, averaging nearly 13,000 units daily

The move will prompt high-selling and even sub-Rs 10 lakh car models to get safety ratings, making the cars more expensive

Tesla created software which runs as a single system in its cars, enabling it to update, upgrade and improve features on its own. Legacy car firms are now attempting to follow Tesla

It has also faced an existential challenge as rival governments pledge vast amounts of public funds to the development of electric vehicles

After the eC3, C3 hatchback, and C5 Aircross SUV, the new Citroen C3 Aircross SUV is the brand's fourth model for India. It has made its global debut in India

The saloon has, which, been selling for the past three generations, is getting a major overhaul now in Hyundai Verna 2023

To accelerate the global move toward sustainable vehicles, Toyota is suggesting simply replacing the inner workings of vehicles already on the roads with cleaner technology like fuel cells and electric motors. "I don't want to leave any car lover behind," Chief Executive Akio Toyoda said Friday, appearing on the stage at the Tokyo Auto Salon, an industry event similar to the world's auto shows. The message was clear: Toyota Motor Corp wants the world to know it hasn't fallen behind in electric vehicles, as some detractors have implied. Japan's top automaker, behind the Lexus luxury brands and the Prius hybrid, is highlighting its clout: It has all the technology, engineering, financial reserves and industry experience needed to remain a powerful competitor in green vehicles. Toyoda told reporters it would take a long time for all the cars to become zero emission, as they only make up a fraction of the vehicles being sold. Changing old cars to go green, or "conversion," was a better