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Auto Industry India

Bharat Mobility Expo 2025: List of top 5 SUVs showcased, launched in India

In the presence of other prominent figures, such as Union Ministers Nitin Gadkari and Piyush Goyal, PM Modi officially inaugurated the Auto Expo 2025 on January 17, 2025. Here are the top 5 cars

Bharat Mobility Expo 2025: List of top 5 SUVs showcased, launched in India
Updated On : 20 Jan 2025 | 1:38 PM IST

Entry of more players to help break barriers: Auto industry leaders

The entry of more players in the EV segment will help in breaking barriers and accelerate adoption of electric mobility in the Indian market, according to leading automobile manufacturers. More product introductions will help in catering to diverse customer needs with competition leading to expansion of the market, they noted. The announcements by passenger vehicle market leader Maruti Suzuki India with its e VITARA and Hyundai Motor India's Creta Electric will help change the negative narrative regarding EVs in India and a unified voice from the Indian automotive industry across players and segments will help in better transformation and acceleration towards electric adoption, top executives of different automakers said. "The general narrative on EV (earlier) was a bit more on the negative side, with a lot of question marks. Today, with all Original Equipment Manufacturers now having a credible EV portfolio, and they're all wanting to sell, I think the narrative on EVs will change,

Entry of more players to help break barriers:  Auto industry leaders
Updated On : 19 Jan 2025 | 12:28 PM IST

Passenger vehicle dispatches hit record 4.3 million units in 2024

Sales grew 11.4% in December as several OEMs continued with their festive discounts

Passenger vehicle dispatches hit record 4.3 million units in 2024
Updated On : 14 Jan 2025 | 9:59 PM IST

Mercedes reports best-ever annual sales; to roll out 8 models in 2025

Luxury carmaker Mercedes-Benz India plans to roll out 8 new models, including battery electric vehicles, this year as it looks to sustain sales momentum having posted record sales in 2024. The company sold 19,565 units last year, registering a growth of 12 per cent as compared to 17,408 units in 2023. Mercedes also saw sales of battery electric vehicles almost doubled in 2024 as compared to 2023. The company said one out of the four vehicles it sold last year was a top end vehicle (TEV) with a price tag exceeding Rs 1.5 crore. In an interaction with PTI, Mercedes-Benz India Managing Director & CEO Santosh Iyer said the new launches would be a mix of new models as well as fresh versions of the existing line up. The company introduced 14 new models last year in India. Iyer noted that the company remains optimistic as sales growth to continue in 2025 as well despite witnessing some headwinds in the second half of last year. In the second half of last year, the market growth actuall

Mercedes reports best-ever annual sales; to roll out 8 models in 2025
Updated On : 09 Jan 2025 | 1:41 PM IST

Volkswagen Golf GTI to rev up India's hot hatch scene in August 2025

Volkswagen will bring the Golf GTI under the government's homologation-free import scheme which allows imports of 2,500 units without meeting local testing norms

Volkswagen Golf GTI to rev up India's hot hatch scene in August 2025
Updated On : 05 Jan 2025 | 11:22 AM IST

Two leading auto industry bodies send SOS to govt on steel imports

Steel inventory levels low in certain cases, could impact production: ACMA

Two leading auto industry bodies send SOS to govt on steel imports
Updated On : 12 Dec 2024 | 10:28 PM IST

Auto component industry grows 11% to Rs 3.32 trillion in Apr-Sep: Acma

The automotive components industry grew 11 per cent year-on-year to Rs 3.32 lakh crore in the first half of the current fiscal, industry body ACMA said on Thursday. The turnover of the automotive component industry in the April-September period of last fiscal stood at Rs 2.98 lakh crore. "With vehicle sales across all segments reaching pre-pandemic levels and despite geopolitical challenges on the exports front, the auto components sector witnessed a steady growth in both domestic and international markets in the first half of FY2024-25," Automotive Component Manufacturers Association of India (ACMA) President Shradha Suri Marwah said. She said the festive season brought significant sales across most segments of the vehicle industry. "However, reflecting on the past eight months of this fiscal year, while two-wheelers have shown promising growth, sales of passenger vehicles and commercial vehicles have been relatively moderate," she added. On the exports front, with geological ...

Auto component industry grows 11% to Rs 3.32 trillion in Apr-Sep: Acma
Updated On : 12 Dec 2024 | 5:43 PM IST

Exide Industries Q2 result: PAT falls 13.66% to Rs 233.4 cr on higher costs

Battery maker Exide Industries Ltd on Monday reported a 13.66 per cent decline in consolidated profit after tax at Rs 233.4 crore in the September quarter, impacted by higher expenses. The company had posted a consolidated profit after tax (PAT) of Rs 270.32 crore in the same quarter last fiscal, Exide Industries Ltd said in a regulatory filing. Consolidated revenue from operations in the quarter under review was at Rs 4,450 crore compared to Rs 4,371.52 crore in the year-ago period. Total expenses were higher at Rs 4,157.63 crore against Rs 4,043.57 crore in the same quarter a year ago, the company said. In the second quarter, the two-wheeler and four-wheeler replacement markets experienced robust demand, leading to double-digit revenue growth, it added. Industrial-UPS and solar also enjoyed strong demand momentum during the quarter. However, the demand scenario was soft in the home-UPS segment due to the early onset of monsoons, Exide Industries said. On the export front, the .

Exide Industries Q2 result: PAT falls 13.66% to Rs 233.4 cr on higher costs
Updated On : 04 Nov 2024 | 11:20 PM IST

Maruti Suzuki passenger car output falls 16%, utility vehicle rises 33%

Car market leader Maruti Suzuki India cut production of its passenger cars by 16 per cent last month but increased those of utility vehicles by 33 per cent compared to October 2023, according to a regulatory filing by the company. Its passenger cars production stood at 89,174 units last month against 1,06,190 units in October 2023, down 16 per cent, Maruti Suzuki India said in the filing. On the other hand, production of utility vehicles, including Brezza, Ertiga, Fronx, Jimny, XL6 and those supplied to Toyota Kirloskar Motor, rose 33.18 per cent to 72,339 units from 54,316 units in the year-ago month. Production of mini cars comprising Alto and S-Presso was down at 12,787 units last month against 14,073 units in October 2023. Similarly, production of compact cars Baleno, Celerio, Dzire, Ignis, Swift, WagonR and those supplied to Toyota Kirloskar Motor were lower at 75,007 units compared to 90,783 units in the same month last year. Mid-sized sedan Ciaz saw production inched up ...

Maruti Suzuki passenger car output falls 16%, utility vehicle rises 33%
Updated On : 04 Nov 2024 | 2:20 PM IST

Tata Motors dips 3% on heavy volumes; stock down 13% so far in September

TML Securities Trust sold 11.5 million new ordinary shares on the stock exchanges today for the purpose of distribution of fractional share entitlement as well as towards tax liabilities.

Tata Motors dips 3% on heavy volumes; stock down 13% so far in September
Updated On : 17 Sep 2024 | 1:42 PM IST

Hero MotoCorp up 3%, at record high on positive outlook; zooms 95% in 1 yr

Hero MotoCorp stands to gain with rural growth expected to drive up demand in the two-wheeler market, particularly in the commuter segment.

Hero MotoCorp up 3%, at record high on positive outlook; zooms 95% in 1 yr
Updated On : 17 Sep 2024 | 12:47 PM IST

Micro SUVs gain ground in India, with sales soaring 72% in early FY24

Hyundai Exter and Tata Punch, priced under Rs 10 lakh, saw a 72 per cent sales jump in the first four months of FY24, far outpacing the 1.8 per cent growth in overall domestic passenger vehicle sales

Micro SUVs gain ground in India, with sales soaring 72% in early FY24
Updated On : 14 Sep 2024 | 10:38 AM IST

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

Shifting gear: PV inventory surges even as auto retail sales rise
Updated On : 05 Aug 2024 | 11:21 PM IST

Car dealers may be staring at inventory stockpile exceeding 400,000 units

Automobile manufacturers said a record inventory of 400,000 vehicles valued at Rs 44,000 crore can be expected by the end of May due to less demand

Car dealers may be staring at inventory stockpile exceeding 400,000 units
Updated On : 30 May 2024 | 9:38 AM IST

Bosch Q4 results: Net profit rises 42% to Rs 564 crore, revenue up 4.2%

Bosch Q4 FY24 results: The board recommended a final dividend of Rs 170 per equity share of Rs 10 each. The final dividend, if declared, will be paid on or after August 13, 2024

Bosch Q4 results: Net profit rises 42% to Rs 564 crore, revenue up 4.2%
Updated On : 24 May 2024 | 6:10 PM IST

TVS Motor Q4 result: Net profit up 15% to Rs 387 cr, revenue jumps 25%

TVS Motor Q4 result: The company's revenue from operations jumped to Rs 10,042 crore in Q4FY24 compared with Rs 8,031 crore in the fourth quarter of FY23

TVS Motor Q4 result: Net profit up 15% to Rs 387 cr, revenue jumps 25%
Updated On : 08 May 2024 | 10:40 PM IST

India to act as automaker Toyota Motor Corporation's regional Hub

Japanese auto major Toyota Motor Corporation on Friday announced a regional restructuring with India being integrated into its 'Middle East, East Asia & Oceania Region' operations and slotting the country to act as the hub of the new geography. As part of this development, Masakazu Yoshimura, MD and CEO of Toyota Kirloskar Motor (TKM) -- the company's joint venture in India with the Kirloskar group -- will concurrently be the Regional CEO, Toyota Motor Corporation (TMC) said in a statement. "Currently, as a part of the Asia Region, the Indian market already enjoys high priority. With this change, India will now play an even more crucial role by being integrated into the Middle East, East Asia & Oceania Region and acting as the hub of the new 'India, Middle East, East Asia & Oceania Region' starting January 1, 2024," it said. TMC further said, "The new reorganisation, which underlines the growing significance of India in Toyota's global business landscape, reflects the ...

India to act as automaker Toyota Motor Corporation's regional Hub
Updated On : 01 Dec 2023 | 3:08 PM IST

From budget to luxury, cars to get more expensive from January 2024

The carmakers cited high cost pressure, driven by overall inflation and increased commodity prices, behind the price hike plans

From budget to luxury, cars to get more expensive from January 2024
Updated On : 27 Nov 2023 | 11:51 PM IST

Amid strong festive demand, car dispatches likely to make new record in Oct

Car sales have broken the sales record for a third straight month in October

Amid strong festive demand, car dispatches likely to make new record in Oct
Updated On : 01 Nov 2023 | 1:43 PM IST

Tata Motors sets up 2 R&D facilities on H2 fuel tech, including ICE

In January this year, Tata Motors set an ambitious target of achieving net-zero emissions by 2045

Tata Motors sets up 2 R&D facilities on H2 fuel tech, including ICE
Updated On : 23 Oct 2023 | 10:23 PM IST