Business Standard

Friday, January 24, 2025 | 12:27 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Auto Makers

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

E2w space has matured, our entry not late: Suzuki Motorcycle India

The initial demand for electric scooters was given a fillip by the subsidy under the central government's FAME scheme

E2w space has matured, our entry not late: Suzuki Motorcycle India
Updated On : 19 Jan 2025 | 11:00 PM IST

Indian mobility market set to double by 2030, exceeding $600 bn: Report

The Indian mobility industry is expected to double and surpass USD 600 billion by 2030, a report by Google and Boston Consulting Group said on Saturday. According to the Think Mobility Report, emerging revenue pools such as electric, shared, and connected mobility are poised to contribute USD 100 billion to the total market by 2030 while a majority of the revenue will come from classic revenue pools comprising classic components, sale of new ICE (internal combustion engine) vehicles, finance and insurance etc. "The Indian mobility industry is charting its unique course, poised to double and cross USD 600 billion by 2030," the report said. Share of four-wheeler (4W) electric vehicles (EV) is expected to grow in the range of 15-17 per cent by FY'30 from 2.2 per cent in FY'24 while 2-wheeler (2W) EV share is estimated to grow to 35-40 per cent from 5.4 per cent during the reported period. Around 51 per cent of respondents in the study, expressed concern on non-availability of EV charg

Indian mobility market set to double by 2030, exceeding $600 bn: Report
Updated On : 18 Jan 2025 | 10:36 PM IST

Will Bharat Mobility Expo 2025 rev up auto stocks? Analysts don't think so

Bharat Mobility Expo 2025, Auto Expo 2025: Analysts believe the automobile vehicle demand has been impacted by higher inflation and interest rates

Will Bharat Mobility Expo 2025 rev up auto stocks? Analysts don't think so
Updated On : 17 Jan 2025 | 1:39 PM IST

Toyota wants salaried staff in office four days a week starting Sept 2

Toyota said in the memo that staff can continue to work from home on Fridays 'subject to business needs'

Toyota wants salaried staff in office four days a week starting Sept 2
Updated On : 14 Jan 2025 | 7:36 AM IST

Mahindra looks to scale up biz globally, eyes more markets with new models

Having consolidated its position in the domestic market, Mahindra & Mahindra is now looking at ways to expand its presence across international markets, as per a top company executive. The Mumbai-based auto major is looking to scale up its automotive business globally in a phased manner with plans to leverage its existing distribution channels in various overseas markets in the first phase. In an interaction with PTI, Mahindra & Mahindra (M&M) Executive Director and CEO for auto and farm sectors Rajesh Jejurikar said new products like the under-development lifestyle pickup truck and the new range of electric models would allow it to enter new international markets. He noted that the automaker already has a strong presence in countries like South Africa, Australia, New Zealand, Morocco, and Chile with an established distribution network. "A lot of these geographies started for us as markets where we sold Scorpio pick-up. Now these markets are enabling us to launch models ...

Mahindra looks to scale up biz globally, eyes more markets with new models
Updated On : 08 Jan 2025 | 12:11 PM IST

JSW MG Motor India reports 55% increase in sales at 7,516 units in Dec 2024

JSW MG Motor India on Wednesday reported a 55 per cent increase in sales at 7,516 units in December 2024, as compared to the year-ago month. The company recorded its highest-ever EV sales in December and NEV (new energy vehicle) sales accounted for over 70 per cent of the total sales with its crossover utility vehicle Windsor alone clocking 3,785 units, JSW MG Motor India said in a statement. Reflecting on 2024, a company spokesperson said it was a year of transformation with the successful launch of the joint venture (between JSW and China's SAIC) and refreshed brand identity, reaffirming commitment to India's automotive evolution. "Going forward, we will maintain our growth momentum while driving continuous disruption and innovation. We are committed to introducing new products every six months, alongside delivering exceptional customer service," the spokesperson added. JSW MG Motor India plans to build on this momentum into 2025 with a slew of innovations and products lined up f

JSW MG Motor India reports 55% increase in sales at 7,516 units in Dec 2024
Updated On : 01 Jan 2025 | 11:27 AM IST

GM to retreat from robotaxis, stop funding Cruise autonomous vehicle unit

General Motors has said it will retreat from the robotaxi business and stop funding its money-losing Cruise autonomous vehicle unit. Instead the Detroit automaker will focus on development of partially automated driver-assist systems like its Super Cruise, which allows drivers to take their hands off the steering wheel. GM on Tuesday said it would get out of robotaxis given the considerable time and resources that would be needed to scale the business, along with an increasingly competitive robotaxi market. The company said it will combine Cruise's technical team with its own to work on advanced systems to assist drivers. GM bought Cruise automation in 2016 for at least USD1 billion with high hopes of developing a profitable fleet of robotaxis. Over the years GM invested billions in the subsidiary and eventually bought 90 per cent of the company from investors. GM even announced plans for Cruise to generate USD1 billion in annual revenue by 2025, but it scaled back spending on t

GM to retreat from robotaxis, stop funding Cruise autonomous vehicle unit
Updated On : 11 Dec 2024 | 8:30 AM IST

Cars set to get expensive from January as OEMs announce increase in price

Prices of various car models -- ranging from entry-level hatchbacks to high-end luxury offerings -- are set to rise as automakers have announced price hikes with effect from January. Carmakers cite an increase in input costs and operational expenses as the main reason to implement price increases from the next month. Industry experts, however, note that the exercise is also undertaken by automakers every year in December to shore up sales volume in the last month of the year, as customers postpone buyouts to later months to get the new year manufactured units. "We have seen a few cycles of price increase in India. It happens at the beginning of the calendar year and financial year, but few OEMs pick the timing based on their planned launches as well," Deloitte India Partner Rajat Mahajan said. While there could be multiple factors for the price increase, the key one is due to a decline in profitability of a few large auto OEMs in the second quarter, he added. "Due to the festive .

Cars set to get expensive from January as OEMs announce increase in price
Updated On : 08 Dec 2024 | 1:49 PM IST

Govt extends deadline for electric construction equipment safety compliance

The extension comes after manufacturers struggled to align with the stringent requirements within the initial timeline

Govt extends deadline for electric construction equipment safety compliance
Updated On : 22 Nov 2024 | 11:48 PM IST

Opposition to Toyota's Chairman Akio Toyoda spreads among big shareholders

Toyoda, the grandson of the company's founder, saw shareholder support drop to a record low of 85 per cent last year

Opposition to Toyota's Chairman Akio Toyoda spreads among big shareholders
Updated On : 30 Sep 2024 | 8:15 AM IST

Hyundai India deserves valuation premium to Maruti, says Nomura note

Korean automaker's Indian unit expanding market share and benefits from being part of larger Hyundai Motor Company, it says

Hyundai India deserves valuation premium to Maruti, says Nomura note
Updated On : 26 Sep 2024 | 11:43 PM IST

Mahindra & Mahindra and Skoda Volkswagen to sign joint venture soon

The JV will include sharing of costs, technologies, and vehicle platforms but will not include sedans, SUVs, and premium brands like Audi, Porsche, and Lamborghini sold by Volkswagen and Skoda

Mahindra & Mahindra and Skoda Volkswagen to sign joint venture soon
Updated On : 25 Sep 2024 | 10:54 AM IST

M&M stock hits new high as m-cap nears Rs 4 trillion; zooms 100% in 10 mths

In three days, the stock of the Mahindra group automaker has rallied 11 per cent on reports of the top management of Skoda Volkswagen India looking to sell up to 50 per cent stake in the co to M&M.

M&M stock hits new high as m-cap nears Rs 4 trillion; zooms 100% in 10 mths
Updated On : 24 Sep 2024 | 1:04 PM IST

After 2 years, Ford takes road back to India to make e-cars for export

Automaker's factory in Chennai will be repurposed after it stopped production in 2022

After 2 years, Ford takes road back to India to make e-cars for export
Updated On : 13 Sep 2024 | 11:55 PM IST

Goyal urges auto component makers to explore investment from EFTA countries

He asked to target $100 billion worth of automobile components' exports by 2030

Goyal urges auto component makers to explore investment from EFTA countries
Updated On : 09 Sep 2024 | 9:58 PM IST

Japanese Pioneer plans to scale up biz with Indian automakers for future

Japanese car audio and entertainment system maker Pioneer on Tuesday said it is eyeing partnerships with automakers in India as part of its future growth strategy. The company globally works with various automakers as a supplier of automotive items like infotainment systems, speakers etc. In India, however, the company's focus till date has been primarily on the aftermarket business. "In India, honestly, so far in the last 16 years, the focus was never on the OEM side, and which I would say, is a major shift. "So, going forward, one of the main growth agendas is going to be getting established in the OEM (original equipment maker) world," Pioneer India MD Aniket Kulkarni told PTI in an interaction. The partnerships with automakers is going to be one of the focus areas going forward, because in terms of growth, it has huge potential, Kulkarni stated. He noted that the company is already in talks with various automakers but declined to share details. "So, there are very active pro

Japanese Pioneer plans to scale up biz with Indian automakers for future
Updated On : 27 Aug 2024 | 11:12 PM IST

Valuations, near-term headwinds keep brokerages cautious on Bosch

Sales growth of 4 per cent for the second-largest listed auto parts player by market capitalisation came from the mobility segment

Valuations, near-term headwinds keep brokerages cautious on Bosch
Updated On : 14 Aug 2024 | 11:28 PM IST

South Korea's Hyundai Motor posts record Q2 profit on strong US sales

The automaker, however, warned of an uncertain outlook due to intensifying price competition as inflation and high interest rates squeeze consumers

South Korea's Hyundai Motor posts record Q2 profit on strong US sales
Updated On : 25 Jul 2024 | 2:47 PM IST

Nissan to reboot India ops, lines up product launches over next 30 months

Japanese auto major Nissan is looking to introduce five models over the next 30 months, as it looks to reboot its operations in the fast-growing Indian car market. The company, which is selling just one model in the country currently, is planning to drive in two mid-size SUV models (one five-seater and one seven-seater), one electric SUV and a refreshed version of its compact SUV Magnite. The company has also unveiled the latest version of its premium SUV X-Trail, which will be imported into the Indian market as a completely built-up (CBU) model. "India is an important market for us, and we will be going in for a product offensive over the next two and half years, between FY24 and FY26," Nissan India President Frank Torres told PTI in an interaction. He noted that the company is looking at tripling its sales volume in the domestic and export markets by FY26. "In the next two and half years, we will enhance three times our volume in domestic as well as exports," Torres said. The .

Nissan to reboot India ops, lines up product launches over next 30 months
Updated On : 24 Jul 2024 | 3:39 PM IST