Page 20 - Auto

Mercedes-Benz to assemble more EVs in India to meet carbon neutrality goals

Mercedes-Benz India, which currently assembles its flagship electric luxury sedan EQS at its Chakan unit, is considering localisation of other models depending on demand

Automobile exports from India rise 15.5% in June quarter, shows Siam data

Three-wheeler shipments, however, saw a drop of 3 per cent year-on-year to 71,281 units in the April-June period this year as against 73,360 units in the year-ago period

Affordable models take Bajaj, TVS closer to Ola Electric in e2W market

In July, their combined share surges past Ola's

India's car exports grow by 18.6% in Q1; domestic sales remain flat

The auto industry body sought incentives to promote EVs in Budget

Global electric vehicle sales up 13% in June, decline 7% in Europe

China accounted for over 60 per cent of the total, as rising availability of electric vehicles and strong sales by BYD contributed to an increase

In push to widen EV reach, Ola's Aggarwal wants incentives to go on

The government's support to the EV industry has been through direct subsidy on the price of the vehicle through FAME, PLI and now the EMPS scheme aggregating to over Rs 59,000 crore

Indian auto component industry growth to moderate in FY25, says ICRA

ICRA also expects the industry to invest Rs 20,000-25,000 crore in FY2025 for capacity expansion and technological advancements

Auto component industry to see moderate growth this fiscal: ICRA

Red Sea crisis is likely to impact margins of auto component industry over next few quarters amid higher container rates and shipping time, credit ratings agency ICRA said on Thursday

Deeply committed to reforms; pained by EV sales drop: Piyush Goyal

Sales of EVs during April-June contracted 7 per cent year-on-year to 346,024 units, data from the Ministry of Road Transport and Highways' VAHAN portal showed

Only 19 of 137 Chinese EV brands to be profitable by decade's end

While the average sale price of cars in China fell 13.4% in the past year, the average margin of automakers rose to 7.8% in 2023 from 6.3% the previous year

Mobility players drive 18% of total car sales in FY24, says Deloitte

Mobility sector's growth path set to accelerate to 25% by FY30: Deloitte

Tesla's share of US electric car market slips below 50% for first time

The numbers are the latest sign that Tesla is losing its dominance in a market it in effect created in 2012 when it introduced the Model S sedan

M&HCV, bus sales shift up in Q1; top 4 companies register 7.2 growth

H2FY25 expected to see demand revival as monsoons end; H1 affected by elections

TVS Motor unveils Apache RTR 160 Racing Edition, priced at Rs 128,000

The 2024 TVS Apache RTR 160 Racing Edition is priced at Rs 1,28,720 (ex-showroom Delhi,) and it is available for booking across the company dealerships, the statement said

Tata Motors, M&M slash prices to boost demand amid unsold inventory

Move came a day after UP government waived registration fees on strong hybrid cars

Salaried professionals drive up sales of pre-owned cars in Q2 of 2024

The most popular car models among buyers included the Hyundai Grand i10, Maruti Suzuki Swift, and Baleno

Zero registration fee for hybrid cars in UP raises the bar in NCR

Around 100 strong hybrid cars were sold per month in Uttar Pradesh in FY24

Centre likely to roll out electric vehicle policy guidelines by Sept-end

Plan includes provisions for reduced duties on imported cars contingent on committed funding

Two-wheeler sales expected to sustain steady volume growth in FY25: Report

In FY23, the Indian two-wheeler industry recorded sales of 19.51 million units, an 8 per cent growth compared to the previous fiscal year's 18.01 million units

Maruti Suzuki to dispatch 35% of vehicle production via railways by FY31

The share of vehicle dispatches through railways scaled to 21.5 per cent in the 2023-24 fiscal from 5 per cent in 2014-15