Page 12 - Auto

Honda Motorcycle and Scooter to launch its first EV by March: Yogesh Mathur

In the last 12-18 months, India's old major two-wheeler makers such as TVS Motor, Bajaj Auto, and Hero MotoCorp have solidified their positions in the electric scooter market

Govt studies linking vehicle scrapping policy to pollution levels, not age

Highway Secretary Anurag Jain said that pollution certificates need to be trustworthy

Tata Motors managing director Shailesh Chandra elected Siam president

Chandra had previously served as Vice President of Siam. He is now succeeding Vinod Aggarwal, Managing Director and CEO of Volvo Eicher Commercial Vehicles

HMSI to enter EV space in FY25; eyes 33% sales from segment by 2030

Speaking to reporters on the sidelines of 64th SIAM annual session here, HMSI Director (Sales and Marketing) Yogesh Mathur said the company will be entering the EV segment this fiscal

Received proposals worth Rs 75k cr under auto PLI scheme: Kumaraswamy

Speaking at the 64th Annual SIAM convention here, the minister said the scheme has helped create around 30,000 jobs in the country

Siam appoints Tata Motors MD Shailesh Chandra as its new president

The new office bearers were elected during the executive committee meeting held today (Tuesday), it added

Scrappage policy to be based on pollution level, not age of vehicle: Govt

Speaking at the annual convention of Siam, Secretary Anurag Jain asked the automobile industry to help the government in designing the programme of pollution checks "trustworthy"

Indian EV market potential likely to touch Rs 20 trillion by 2030: Gadkari

Union Minister Nitin Gadkari forecasts India's EV market could hit Rs 20 trillion and 10 million annual sales by 2030. He expects the sector to create 5 million jobs

Chinese EV maker BYD aims to sell 4 mn vehicles this year: Report

BYD attributed the extra sales growth to this year's introduction of new models with its latest plug-in hybrid technology known as DM-i 5.0, which would also contribute a better margin

VW's Skoda sees opportunity to launch hybrid cars in India to cut emissions

Skoda already has four models in India, including SUVs and sedans, but this is the first time the carmaker is considering bringing hybrid cars to the South Asian nation

Some moderation in PV sales growth 'very natural': Hyundai India COO Garg

As car demand slows in India, dealer stock levels across the entire industry have surged to alarming heights. Garg, however, indicated that the situation is under control at HMIL

I am not against incentives on EVs, but its not my call: Nitin Gadkari

Within two years, the cost of an EV will be the same as petrol and diesel vehicles. They don't need subsidies as there already is an advantage with electric as a fuel, he says

Goyal urges auto component makers to explore investment from EFTA countries

He asked to target $100 billion worth of automobile components' exports by 2030

With 45% growth, momentum expected to continue even in 2025: Toyota

TKM's sales boom comes at a time when other car companies are seeing a slowdown amid low demand and high inventory with dealers

Mahindra & Mahindra unveils commercial electric four-wheeler 'e-ZEO'

Mahindra & Mahindra announced that it would invest Rs 12,000 crore over the next three years, into its EV unit Mahindra Electric Automobile

Despite rise in exports, Chinese car sales fall for fifth straight month

Sales fell 1.1 per cent from the same month a year earlier to 1.92 million vehicles, data from the China Passenger Car Association showed

Hyundai launches new Alcazar; SUVs now account for 67% of its overall sales

Hyundai's midsize SUV Creta, whose latest version was introduced earlier this year, has already surpassed the milestone of one-lakh-unit sales mark

Auto industry hits Rs 20 trn in FY24; contributes 14-15% to total GST: Siam

The auto sector also contributes significantly to the direct and indirect employment generation in the country, he said while speaking at the 64th ACMA session

Hyundai Alcazar facelift launched today: Key design, price, features info

Reportedly, Hyundai is unlikely to make any changes under the hood, meaning the refreshed Alcazar retains its 1.5-litre turbo-petrol and 1.5-litre diesel engine options

Decline in rural auto sales prompts banks to offer festive season deals

India's auto sector, burdened with Rs 80,000 crore in inventory, sees declining tractor sales post-harvest, leading lenders to exercise caution