Auto

4.8 mn weddings boost business for jewellery, apparel, auto, and hotels

This season has created a ripple effect, turning what might have been a sluggish year for many businesses into one of strong recovery

New Maruti Suzuki Dzire launches at Rs 6.79 lakhs; more details inside

On November 11, Maruti Suzuki unveiled the brand-new Dzire, which starts at Rs 6.79 lakh (ex-showroom Delhi). The car will be available in four variants: LXi, VXi, ZXi, and ZXi Plus

Delhi govt plans proposal for transitioning Gramin Seva autos to EVs

The Delhi government is planning to inject a new lease of life into the Gramin Seva autos by issuing guidelines to ensure their transition to electric vehicles, officials said. Launched in 2010, the Gramin Seva is a para-transit scheme wherein high capacity three-wheelers with a seating capacity of six passengers were given permits to ply in the rural areas, unauthorised, resettlement colonies and the JJ clusters of Delhi. "These vehicles are an important means of last-mile connectivity in rural areas. We have received representations from their union requesting us to issue guidelines for ensuring their transition into electric vehicles. The union has held meetings with the Transport Department officials and urged them to take steps to inject a new life into the services," said an official. According to the officials, there were around 6,000 registered Gramin Seva autos. However, many of them have gone off roads with the passage of time. At present, there are around 2,000 to 3,000 .

Stable govt gives confidence of sustained growth: Maruti Chief Bhargava

India has proven the 'fallacy' of incompatibility of rapid economic growth and a democratic political system, and the continuity of government and policies give industry the confidence of sustained high growth, Maruti Suzuki India Chairman R C Bhargava said on Tuesday. In his address to shareholders in the company's Annual General Meeting held virtually, he asserted that India's democratic processes will lead it to a sustained and more equitable society. Bhargava also said the industry and the government can work with trust and confidence with each other to achieve the goal of India becoming a developed country by 2047. "Over the years, I've heard people arguing that rapid economic development and a democratic political system are not really compatible. Our country has proved the fallacy of this line of thinking," he said. Asserting his point, Bhargava said, "We are now the fastest growing economy in the world, and our prime minister is one of the most respected global ...

Auto, taxi drivers call 2-day strike in Delhi against app-based cab cos

The strike, which began on Thursday, has caused inconvenience to commuters, with many drivers refusing to accept rides

Auto component industry's revenue growth to moderate to 5-7%: ICRA

Annual revenue growth of leading auto component manufacturing companies will come down to 5-7 per cent in the next fiscal due to moderation in domestic volumes and a drop in exports, rating firm Icra said on Tuesday. According to Icra estimates, its sample of 45 auto ancillaries, with aggregate annual revenues of Rs 2.7 lakh crore in FY23, is likely to grow by 9-11 per cent in FY24, driven by healthy domestic demand despite a high base and moderate growth in exports. For FY25, the growth is likely to be relatively lower to 5-7 per cent, with expected moderation in domestic volume growth and a weak outlook for exports, Icra said. It also noted that capex towards capacity enhancements and technological development resulted in higher investment in FY24, which is likely to continue in FY25. The industry is estimated to incur a capex of at least Rs 20,000-25,000 crore in FY2025, with incremental investments being towards new product additions, product development for committed platforms

Domestic auto component aftermarket to touch $14 billion mark: Report

The domestic auto component aftermarket is expected to touch USD 14 billion mark by 2028 on the back of robust growth in vehicle parc in the country, a report commissioned by industry body ACMA in partnership with Ernst & Young said. As per the Global Automotive Aftermarket Research Report, the size of the automotive aftermarket stood at USD 10 billion in 2023. The growth of aftermarket in India is being fuelled by a steady increase in the vehicle parc -- number of vehicles running on the road -- which currently stands at 340 million and is expected to grow at a CAGR of over 8 per cent for the next five years, it added. "The Indian domestic aftermarket, valued at USD 10 billion in 2023, is poised to surge almost 1.4 times over the next five years on the back of growing vehicle demand and promising capabilities of the Indian aftermarket players," ACMA President Shradha Suri Marwah said in a statement. Besides, key ten international markets offer export opportunities of over USD 35 .

China to set up auto research institute in Thailand as EVs gain traction

Thai govt tax incentives and subsidies already drawn Chinese carmakers, including BYD and Great Wall Motor, which committed to investing $1.44 billion in new production facilities in the country

Low-paid, migrant workers more prone to injuries in automobile sector

The report Crushed 2023 is the fifth annual study on the state of worker safety in the Indian auto sector

Hero Motocorp launches Karizma XMR; check price, specs, booking details

Karizma XMR is Hero MotoCorp's first liquid-cooled 210 cc DOHC 4V engine, making 25.5 PS of maximum power and 20.4 Nm torque

Delhi: LMV licence applicants using autorickshaws instead of cars for test

The Delhi Transport Department has flagged that many applicants of light motor vehicle (LMV) driving licence were turning up for tests at automated tracks with autorickshaws instead of cars, posing road traffic threat in the national capital, officials said on Wednesday. An internal communication of Transport Department has pointed out that some driving test applicants bring autorickshaws to have the driving test on automated test tracks instead of cars for getting LMV driving licence, said a Transport department official. In case any applicant uses an autorickshaw for driving test, the driving test officer may take decision on merits, said the transport department communication. The automated driving test tracks have been designed to test motor cars/vans' driving and maneuverability of LMVs that is altogether different from autorickshaws, it said. The motor cars have turning radius about five metres whereas autos have less than three metres. The clutch, brake and acceleration of a

Audi launches app e-tron owners that maps charging points across country

Luxury carmaker Audi on Wednesday said it has launched an app to help customers of its e-tron range access charging points across the country. The German carmaker has introduced 'Charge my Audi' on the myAudiConnect app, an industry first initiative that enhances convenience for customers. The application currently includes five charging partners -- Aargo EV Smart, Charge Zone, Relux Electric, LionCharge and Zeon Charging -- and gives an access to over 750 charge points to e-tron owners. In an interaction with PTI, Audi India Head Balbir Singh Dhillon said the company is in constant touch with the customers trying to understand ownership experience. "We were getting certain feelers from customers that while there are multiple chargers available across the country it is a big hassle to download each app for each of the chargers. Sometimes when they reach the charge it is not operational so we have tried to solve such challenges," he noted. So the company has created an aggregator a

HP revises e-auction process for fancy vehicle registration numbers

Three months after a person made an online bid of Rs 1.12 crore for fancy registration number 'HP 99-9999' for a scooter and later backed out, the transport department on Tuesday revised the e-auction process making advance payment of 30 per cent registration fee mandatory to end such practices. According to the new guidelines, the applicants vying for fancy numbers would have to deposit 30 per cent of the minimum special registration fee ranging between Rs 10,000 and Rs 1 lakh depending upon the special registration mark in advance, officials said. The 30 per cent advance money is non-refundable and would be adjusted against the total amount of the bid. Prior to this, an applicant was required to deposit Rs 2,000 as registration fee. The revised system has been started in Baijnath and Shimla Registration Transport Authorities (RTA) in the first phase and will be replicated by other RTAs throughout the state after successful testing, Director of Transport Anupam Kashyap said. On ..

FADA flags concerns over 2-wheeler sales by unauthorised multi-brand stores

Automobile dealers' body FADA on Tuesday said the illegal practice of unauthorised multi-brand outlets selling two-wheelers is making legitimate dealerships lose business and turn unviable. The Federation of Automobile Dealers Associations (FADA) said it has approached various authorities to take strict action against the practice. The multi-brand outlets (MBOs) are acquiring unregistered vehicles in bulk from dealers and reselling them to customers at discounted rates, higher than the prices offered by original equipment manufacturers (OEMs) through authorised dealers, without any commitment to after-sales service, FADA said in a statement. This has not only impacted the legitimate dealerships but has also shaken customers' confidence in the brand and dealer partners, it added. Furthermore, the outlets indulge in evasion of GST, income tax, issuance of fake/ undervalued insurance policies, delivery of vehicles without registration/ HSRP and helmets, resulting in revenue loss on ..

M&M buys out VC firm Omnivore's stake to acquire agri-tech firm MITRA

Deal size not disclosed, will make MITRA a wholly-owned subsidiary of M&M; is in sync with Mahindra's plan to grow revenues from farm machinery 10 fold in next five years

Not even among top 10 in 2021, India was Skoda's 3rd largest market in 2022

Auto maker's India sales volume jumped by as much as 125% last year, says unit sales catching up with its native Czech Republic

Uber says autorickshaw service 'under cloud' in Bengaluru, blames price cap

Aggregators operating in city after High Court stays a state government ban on them providing autos

Karnataka govt bans Ola, Uber, Rapido auto services; terms them 'illegal'

Karnataka state govt has given three days to the companies to file their reply to the charges and a compliance report

Dealers and automakers have a tumultuous relationship, says FADA President

Says manufacturers' financial clout has led to inequitable contracts between the two

Auto PLI scheme: Maruti, Hero among 75 firms to get govt's nod

Bharat Forge, Bosch India, CEAT, BHEL, and Ola Electric also on the list