Page 13 - Auto

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

Fada to approach lenders requesting caution while funding dealers

Dealers' body has written twice to SIAM raising alarm bells over unsold inventory which amounted to 70-75 days valued at Rs 77,800 cr in August

Losing spark: Delhi's electric vehicle adoption to hit speed bump

The removal of road tax waiver in the city estimated to make such vehicles about 10% costlier for its residents

Low discount may not drive polluting old vehicles towards scrapping shops

Automobile sector experts argue that consumers may find more value in continuing to drive their existing vehicles or selling them to third parties

GTRI flags concern against India of becoming 'EV colony' for China

India faces unique challenges not faced by other countries in adopting EVs (electric vehicles) at large scale, it added

Reliance Infra plans to manufacture electric cars, taps ex-BYD executive

It is also looking at the feasibility of building a battery plant starting with 10 gigawatt hours (GWh) of capacity and scaling up to 75 GWh over a decade, the person added

Luxury car buyers in India speed up shift to EVs, outpacing mass market

Mass-market EV sales dropped 10% year-on-year in August, but the luxury segment is seeing strong demand, with premium carmakers reporting a solid order pipeline

August PV sales down 4.5% due to rains, 'alarming' leftover inventory

Dealers must stop taking in additional stock to protect their 'financial health', says FADA

Why public EV chargers are almost never working as fast as promised

The chemical wizardry of battery power is more complex than pouring liquid in a tank, and both internal and external factors take a toll on charging speed

With low sales, auto dealers worry about offering further discounts

The double whammy of higher inventory costs and deeper discounts is a nightmare for auto dealers as that has a direct impact on their profit margins

Substantial subsidies for electric vehicles are no longer required: Gadkari

At the BNEF Summit, Union Minister Nitin Gadkari highlighted the lower GST rates on electric vehicles compared to those on petrol and diesel vehicles

PV retails dip 5% in August; Fada raises alarm over rising inventory level

Commercial vehicle registrations saw a 6 per cent year-on-year dip in August, while tractor retail sales also witnessed a drop of 11 per cent as compared to the year-ago period

Swedish automaker Volvo Cars abandons target of going all electric by 2030

Major automakers have seen slowing demand for EVs partly due to a lack of affordable models and the slow roll-out of charging points

FAME-III will be rolled out in next two months: Union minister Kumaraswamy

The minister mentioned that the government is taking a comprehensive approach to boost the EV ecosystem

EV maker Kinetic Green to launch family e-scooter in about 18 months

CEO Sulajja Firodia Motwani also said that the company is targeting a topline of Rs 10,000 crore by 2030 and 60 per cent of this revenue will come from the two-wheeler business

The road ahead: Steel recycle mandate for automakers on the anvil

Starting FY26, at least 8% steel used in vehicles sold 20 yrs ago may have to be reprocessed

Toyota, Maruti launch hybrid push in UP to capitalise on tax waivers

The waivers have split India's auto industry, with Tata Motors, Mahindra and Mahindra and Hyundai arguing their sales of pure electric cars will suffer

48% tax on hybrid cars and 5% on EVs to stay for long: Amitabh Kant

Major car makers such as Maruti Suzuki India and Toyota Kirloskar Motor have been asking for lowering of taxes on hybrid cars

Kia tops Fada's overall customer experience index in mass-market space

In the luxury segment, Audi takes the top spot

Hero MotoCorp planning to invest Rs 900 cr in 3-wheeler startup Altigreen

If the transaction goes ahead, this will be the second largest investment by Hero in an electric vehicle (EV) maker