Carmaker

The Detroit-based car company said it would no longer fund work on self-driving robotaxis

Volkswagen bypassed the 35 per cent duty imposed on Completely Knocked-Down (CKD) units by misclassifying components as individual parts, according to Indian tax authorities

Munoz, 59, joined Hyundai in 2019 as global chief operating officer, with responsibility for the carmaker's north and south American operations

Shares in the US EV maker, valued at over $11 billion, rose nearly 9 per cent in extended trading

Mahindra, which has a portfolio comprised entirely of SUVs, reported a rise in sales every month this year ending March 2025, mostly supported by new launches such as the "Thar ROXX"

Two-wheeler sales grow in double digits

Kia India on Monday said its total wholesales increased 10 per cent year-on-year to 21,300 units in June. The automaker had dispatched 19,391 units to dealers in June 2023. Kia India also reported 1,26,137 unit sales in the first half of the year, marking a 6 per cent growth over the year-ago period. "We have observed a healthy month-on-month sales growth in H1 2024, averaging over 21,000 units per month. Our superior product offerings have consistently attracted customers to our showrooms throughout the year, maintaining a strong sales position," Kia India Senior VP and Head Sales & Marketing Hardeep Singh Brar said in a statement. The automaker is committed to sustain this positive trend for the remainder of the year through network expansion, he added.

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 ...

The company, which entered the Indian market in 2022, currently sells two electric cars in India -- Atto 3 and e6, a multi-utility vehicle. Seal is the company's third offering

French carmaker Citroen is all set to come with six airbags to meet the safety standards of its product in India. The carmaker will start updating the safety features from July 2024

The company is assigning dedicated key account managers for 8,000 TEV customers. He said more TEV customers will be assigned such managers

Toyota Kirloskar Motor (TKM) on Wednesday said its wholesales increased 75 per cent year-on-year to 15,338 units in February 2023. The company had dispatched 8,745 units in the domestic market in February last year. "We are witnessing a continued interest from customers across our product portfolio, resulting in a very healthy growth in the month of February 2023," TKM Sales and Strategic Marketing Vice President Atul Sood said in a statement. Leading this growth are the Urban Cruiser Hyryder and All New Innova Hycross, as the automaker strives to work with its partners to meet the demand, he added. The recent announcement of opening of bookings for the Toyota Hilux, is also continuing to generate excitement, resulting in good orders from across the country, Sood said. Other products like the Glanza, the Fortuner and the Legender also continue to elicit robust demand in the market, he added. "Looking ahead, we expect to close this quarter on a high note, in comparison to last ye

The carmaker's earlier efforts to boost its presence in India have often been bruising experiences

The two will produce six new vehicles in the South Asian nations- including two electric cars - for domestic and international customers

Such direct contracts will assist the carmaker in getting cheap power

With the launch of the EQB by year-end, Mercedes will have a portfolio of four EVs. It expects a fourth of its sales in India to come from electric in the next five years

Jeep Meridian SUV to launch in India today: It is powered by a 2.0-litre turbocharged Multijet diesel engine, which produces 170 bhp of power on tap and 350 Nm of peak torque

The country's largest carmaker Maruti Suzuki India is keeping a close watch on the price movement of commodities, which had touched an 'unprecedented' high in the second quarter, to fix its vehicle prices in the future as it has not fully passed on the impact to consumers, according to a senior company official. The company is hoping for a softening of commodity prices, which also move cycles, having "sort of reached the peak". "Material cost is an important cost in the overall cost structure for any OEM (original equipment manufacturer). Normally, 70-75 per cent of the total cost of an OEM is material cost. "In the second quarter, our material cost to net sales ratio had gone up to a very high figure of 80.5 per cent. This is unprecedented," Maruti Suzuki India Senior Executive Director (Marketing and Sales) Shashank Srivastava told PTI. When asked if the company will hike prices of its vehicles, especially around the new year as is usually done, he said, "We have to carefully ...

Maruti Suzuki India on Wednesday said its total production in August declined by 8 per cent on a yearly basis to 1,13,937 units as semiconductor shortage impacted its manufacturing schedules.

Demand for lithium for batteries is soaring as governments across the world push automakers to meet stringent targets for cutting carbon emissions