Page 16 - Auto

Confident of outperforming industry in domestic, global markets: TVS Motor

In international markets, CEO Radhakrishnan exuded hope to perform better in key markets like Africa

Luxury car sales soar in India: Lamborghini, Ferrari set new records

In the super luxury segment, sales more than doubled in 2023 to 1,000 units, and industry experts project that this year's figures will reach between 1,200 and 1,300 units

M&HCV sales likely to surpass pre-Covid-19 peak of 419,000 units in FY25

Sanjeev Kumar, president - MHCV, Ashok Leyland, said that the first quarter sales growth is currently around 8 per cent, driven by demand for buses

Ford Motor to recall about 85,000 vehicles due to risk of engine fire

In the event of an engine failure, engine oil and fuel may be released into the engine compartment and accumulate near ignition sources such as hot engine

Govt to impose stricter rules on electric construction vehicles from Oct 1

Electric and hybrid powertrain are being used in construction equipment vehicles

Stringent safety norms for construction electric vehicles from October 1

The draft notification, published on August 14, proposes an amendment to the Central Motor Vehicles Rules, 1989

M&M launches Thar Roxx, targets to rule above Rs 12.5 lakh category

The Thar Roxx is priced at Rs12.99 lakh for its entry-level model MX-1 (petrol)

Electric mobility right step in right direction for country: M&M CEO

The right direction for the country is EV focus and we believe that is what the government should support, he said

Ola Electric rolls out 'Roadster' E-bikes, prices start from Rs 74,999

Ola Electric CEO Bhavish Aggarwal also announced the development of Ola's next-generation battery technology, known as the 'BharatCell,' the first cell to be manufactured in India

Passenger vehicle wholesales fall 2.5% in July as retail inventory piles up

SIAM is set to discuss the alarming rise in PV inventory in its upcoming executive committee meeting

Xtreme 125R's production capacity to be increased by 60%: Hero Moto CEO

This is the second time in recent months that the company is increasing the production capacity of this model

Maruti Suzuki receives Rs 3.81 crore show cause notice from customs office

The show cause notice asks the automaker to justify its claim for customs duty exemption on certain imported goods

EV maker Euler Motors unveils Rs 100 cr mfg, R&D facility in Haryana

Spanning 5 lakh square feet, the plant has the capacity to produce 36,000 vehicles per annum and will serve as Euler Motors' national manufacturing hub

Festivals hold promise but passenger vehicle sales may stay flat in FY25

While OEMs are upbeat on the upcoming festive season sales, analysts peg the overall growth in PV sales for FY25 to be flat at 0.8 percent or so

Uttar Pradesh backs hybrid tax waiver; win for Toyota, blow for Tata, M&M

In a meeting between state officials and automakers on Sunday, Uttar Pradesh Chief Secretary Manoj Kumar Singh said there would not be a rollback of the decision

From Tata Motor to Royal Enfield, automakers hit the gas on launches

Mahindra is coming up with Thar Roxx, and plans to reintroduce the iconic BSA Gold Star Bike

Hero Electric resumes production, seeks up to Rs 200 crore to rev up output

Sources close to the firm indicate that Hero Electric has rejected claims from a segment of its 800 dealers, who allege that the company owes Rs 500 crore in advances for electric two-wheelers

Registration tax waiver on hybrid cars to remain: UP govt to auto companies

The state govt has announced full waiver of registration fee for strong hybrids to boost use of eco-friendly cars

Global demand muted; gradual improvement expected in domestic market: TaMo

Earlier this month, the Mumbai-based automaker reported a consolidated net profit of Rs 5,566 crore and total income of Rs 1,09,623 crore for June quarter

Bangladesh crisis likely to be a speed bump for Indian 2W companies

Bajaj Auto, Hero MotoCorp, TVS collectively hold over 50% of market share in strife-torn country