Page 17 - Auto
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
 "Bangladesh crisis likely to be a speed bump for Indian 2W companies")
Mercedes-Benz confident of double-digit growth, rolls out 2 new models
Mercedes Benz India reported a 9 per cent growth in sales at 9,262 units in India in the first half of 2024, its highest ever half-yearly sales in the country
 "Mercedes-Benz confident of double-digit growth, rolls out 2 new models")
How 2W market incumbents Bajaj and TVS are flexing their electric muscle
Bajaj and TVS appear to have picked up the gauntlet, taking on Ola in the sub-Rs 1 lakh e2W market - a segment they had kept away from and where Ola reigned supreme
 "How 2W market incumbents Bajaj and TVS are flexing their electric muscle")
MG Motor plans to build manufacturing plant, R&D centre in Mexico
It did not mention the United States, but added that sister brand IM, a luxury electric-vehicle line, also plans to enter the Mexican market
 "MG Motor plans to build manufacturing plant, R&D centre in Mexico")
Epsilon Advanced Materials seeks US trade pact for EV battery compliance
The IRA offers various incentives to accelerate EV adoption in the automotive industry. If signed, the agreement could position India as a key hub for global battery material exports
 "Epsilon Advanced Materials seeks US trade pact for EV battery compliance")
Siam to address soaring inventory concerns in executive committee meeting
As inventory levels have surged to a high of 67-72 days, equating to Rs 73,000 crore worth of stock, the situation is raising alarms about the financial stability and sustainability of dealerships
 "Siam to address soaring inventory concerns in executive committee meeting")
EVs, hybrid vehicles set to exceed China's 50% car sales for first time
Sales of electric vehicles and plug-in hybrids, which are counted under the category of new energy vehicles in China, rose to 879,000 units, making up 50.8 per cent of total sales
 "EVs, hybrid vehicles set to exceed China's 50% car sales for first time")
Demand for new vehicles up, as used car market see drop in prices: Report
Interestingly, this comes at a time when two-wheeler sales were seen increasing in new vehicles and the used vehicle category
Tesla recalls 1.68 mn EVs in China to repair faulty latches free-of-cost
Tesla's recall notice says that an unlocked trunk lid could open during driving, interfering with the driver's vision
 "Tesla recalls 1.68 mn EVs in China to repair faulty latches free-of-cost")
Uptick in rural demand to propel two-wheeler industry: TVS Motor chairman
TVS expects the domestic two-wheeler industry to continue to grow in FY25 on the back of strong economic indicators, including normal rainfall and uptick in rural demand, TVS Chairman said
 "Uptick in rural demand to propel two-wheeler industry: TVS Motor chairman")
EV sales rose 55.2% to 179,000 units in July led by two-wheelers : FADA
Combination of attractive discounts and anticipation of discontinuation of the EMPS (Electric Mobility Promotion Scheme), despite its extension, has significantly boosted sales, FADA President said
Shifting gear: PV inventory surges even as auto retail sales rise
Pileup shoots to historic high, equating to Rs 73,000 cr worth of stock
In a first: CNG passenger vehicles ride past diesel in sales race
The share of CNG in the overall passenger vehicle market increased from 13.63 percent in June 2023 to 18.5 percent in June 2024
 "In a first: CNG passenger vehicles ride past diesel in sales race")
Awaiting policy on hybrids, green tech: Maruti Chairman R C Bhargava
Japanese giants like Maruti Suzuki and Toyota are pushing for tax cuts on hybrids, arguing that electric vehicles (EVs) alone can't carry the emissions reduction load
 "Awaiting policy on hybrids, green tech: Maruti Chairman R C Bhargava")
As EV subsidies transition from FAME to EMPS, how is the industry coping?
The industry witnessed a decline after the expiry of FAME-II, despite the introduction of EMPS
 "As EV subsidies transition from FAME to EMPS, how is the industry coping?")
Speed bump: Domestic passenger vehicle sales slip amid inventory pile-up
But two-wheeler market roars ahead with strong growth figures
JLR unlikely to leverage EV policy for now: Tata Motors on new EV policy
Expects incentives for 4W fleet to continue in FAME III
 "JLR unlikely to leverage EV policy for now: Tata Motors on new EV policy")
Hyundai, others lobby UP against hybrid support as Toyota rivalry deepens
Four separate company letters to Uttar Pradesh highlight the rivalry between automakers in a country where taxation is skewed in favour of EVs
 "Hyundai, others lobby UP against hybrid support as Toyota rivalry deepens")
Motown's slow ride: Car sales in Gujarat hit speed bump in H1 of 2024
Postponement of Ratha Yatra, unforgiving summer, election season led to saturation
 "Motown's slow ride: Car sales in Gujarat hit speed bump in H1 of 2024")
Discounts by OEMs, EMPS deadline rev up electric vehicle sales in July
Sales in July highlight a positive outlook for the remainder of the year, reflecting a growing consumer interest and the impact of strategic market incentives, sector experts said
 "Discounts by OEMs, EMPS deadline rev up electric vehicle sales in July")
