Page 25 - Auto

Hyundai Motor, Suppliers Shares Rise in Seoul as India Unit Files for IPO

Hyundai has been locked in competition with rivals including Maruti Suzuki India Ltd. and Mahindra & Mahindra Ltd

Changing gears: India's growing love for SUVs key to Hyundai's success

The SUV segment in India is expected to grow at a CAGR of 7% to 9% from FY24 to FY29

Eye on the green future, auto companies line up over Rs 2 trillion

Last week Tata Motors, the country's market leader in electric vehicles (EVs), said it was planning to spend Rs 16,000-18,000 crore as capital expenditure on its EV arm till FY30

IPO-bound Hyundai India and its rivals in world's third-biggest car market

Hyundai Motor India sought regulatory approval on Saturday to list on the Mumbai stock market in what could be the biggest IPO in the South Asian nation

Up against 60 days' inventory, car dealers seek Siam's intervention

The 60-day inventory levels are close to the 2018-19 levels when inventory inventory days had neared 70 days, and around 282 passenger vehicle dealerships had shut shop

OEMs, electronic component companies seek greater govt support

Demand combination of upfront capex backing and PLI

Europe vs China: Why is EU imposing heavy tariffs on imported Chinese EVs?

EU tariff on Chinese EVs explained: The new tariffs are set to take effect from July 4, unless ongoing discussions with Chinese authorities yield a different outcome

Tractor sales harvest early monsoon benefits in FY25, shows revival signs

Companies report a buoyant sentiment among farmers with the onset of the monsoon

Electric 3-wheeler sales rise 23% in May; industry awaits FAME 3: FADA

May 2024 witnessed slight recovery in E3W sales after the sector saw major decline following the end of the FAME II scheme in March

Domestic passenger vehicle sales rise 4% in May to 347,492 units: Siam

Three-wheeler dispatches rose 15 per cent to 55,763 units in May, as against 48,610 units in May 2023

Charged-up: Bengaluru takes top spot in electric car registrations

Bengaluru is enthusiastically embracing not just electric cars, but electric two-wheelers also

Hyundai Motor India prepares for IPO filing, potential to raise $2.5 bn

Hyundai Motor India IPO: Indian unit of the Korean automaker is expected to file a DRHP with Sebi within the next two weeks

LS polls, extreme heat drag passenger vehicle sales down by 1% in May

"Despite better supply, some pending bookings and discount schemes, the lack of new models, intense competition and poor marketing efforts by OEMs affected sales

Retail car sales drop in May as LS polls, weather delay purchases: Fada

Sales growth in two-wheelers slowed to 2.6 per cent in May from 33 per cent in April, said the FADA, which tracks monthly retail sales from dealers to buyers

NDA's third term to intensify commitment to green mobility initiatives

Under Modi's first government, electric vehicles (EVs) were propelled into the mainstream through FAME

PV exports rise by 268K units in last 4 years; Maruti's biggest gainer

Passenger vehicle exports in the 2020-21 fiscal stood at 404,397 units. It rose to 577,875 units in the 2021-22 fiscal year and to 662,703 units in 2022-23 financial year

Tata-owned British icon JLR is out for hunt with models assembled in India

India will supplement Range Rover's global production at its iconic manufacturing base in Solihull, which will also produce Range Rover's upcoming fully electric model

Domestic commercial vehicle sales likely to dip 4-7% in FY25: ICRA

In February 2024, the industry saw a slight 0.7 per cent year-on-year decline in wholesale volumes, although it managed a 5.1 per cent sequential growth

Expect commercial vehicle volumes to witness 4-7% dip this fiscal: ICRA

The medium and heavy commercial vehicle (trucks) volumes are expected to contract by 4-7 per cent year-on-year given the high base effect

Airport industry to see profit before tax of $1.3 bn this fiscal: CAPA

The country's airport industry is projected to report a profit before tax of USD 1.3 billion in the current financial year