Auto Sector

Lower-paid workers at higher risk of severe injury in auto sector: Report

The report, Crushed 2024, is the sixth annual study on the state of worker safety in the Indian auto sector

Bharat Mobility Global Expo to see higher footfalls this year: EEPC

The second edition of the Bharat Mobility Global Expo, scheduled to be held at three different venues in the National Capital and Great Noida, is expected to see more than three times footfalls this year compared to the inaugural version year, Engineering Exports Promotion Council (EEPC) said here on Thursday. It is also expecting a higher participation from the exhibitors. The council also said that Prime Minister Narendra Modi may inaugurate the six-day Bharat Mobility Global Expo 2025. To be spread across more than 2,00,000 sq metres with concurrent shows, featuring automobile, auto component and construction equipment segments, among others, across three venues -- Bharat Mandapam in New Delhi, Yashobhoomi in Dwarka (West Delhi) and the India Expo Centre & Mart in Greater Noida, the mega event is likely to see half-a-million visitors this year compared to 1.5 lakh visitors at the 2024 edition, EEPC Chairman Pankaj Chadha told reporters here. "The Bharat Mobility Expo 2025 ...

EV launches in India to double in 2025, SUVs dominate new lineups

Industry leaders such as Maruti Suzuki, Tata Motors, Mahindra & Mahindra, Hyundai, and MG Motors are gearing up to introduce a range of EVs in India

Japan's auto giants Honda, Nissan Motor to soon begin merger talks

The two companies are looking to operate under a single holding company and are expected to soon sign a memorandum of understanding for the new merged entity

Tata Motors to raise commercial vehicle prices by up to 2% from January

Already passenger vehicle makers, including Maruti Suzuki, Hyundai Motor India and Tata Motors, along with luxury carmaker Mercedes-Benz, BMW and Audi have announced that they would increase the price

Will use multiple technologies to reduce carbon emissions: Maruti Suzuki MD

MSIL plans to launch its first electric car in India in January 2025. Not just MSIL, Hyundai and Kia will also launch their first mass-market electric cars in India next year

Confident of Indian automobile industry becoming number 1 in 5 yrs: Gadkari

Union Minister Nitin Gadkari on Tuesday exuded confidence that India's automobile industry will rise to the number one position globally in the next five years and outlined his ministry's ambitious target to also reduce the logistics costs in India to 9 per cent over two years. Speaking at the Amazon Smbhav Summit, the Road Transport and Highways Minister noted the remarkable growth of India's automobile industry, which he said has surged from Rs 7 lakh crore to Rs 22 lakh crore since he took charge of office. "First is USA -- Rs 78 lakh crore, second-largest automobile industry is in China--Rs 47 lakh crore, and now India is at Rs 22 lakh crore. I am confident that within 5 years, we want to make Indian automobile industry number 1 in the world," he said. The minister said the presence of reputed global automobile brands in India is a clear indication of the country's potential. He further articulated his ministry's target to reduce the logistics costs in India to a single digit .

Car sales drop by 14% in November, two-wheelers see 16% jump: Fada

Tractor sales, however, saw an impressive 29.88 per cent Y-o-Y jump, suggesting good rural demand

China's BYD on track to top 2024 sales goal and outsell Ford, Honda

Aided by robust sales in China, BYD is on course to top its annual sales target of 4 million vehicles, which would put it ahead of Japan's Honda and Detroit-based Ford for 2024

Mumbai leads in trend of tech roles rising among non-tech sectors: Study

Analysis highlighted that Mumbai recorded a 17 per cent growth in October 2024, making it a frontrunner among cities witnessing the expansion of tech roles into non-tech sectors

Pricol plans to acquire Sundaram Auto Components' injection moulding biz

Automotive components maker Pricol on Monday said it will acquire Sundaram Auto Components' injection moulding business for Rs 215 crore. The company said it is making the acquisition through its wholly-owned subsidiary Pricol Precision Products Pvt Ltd. With this acquisition, Pricol will see a consolidated topline addition of around Rs 730 crore combined with Sundaram Auto Components' (SACL) healthy financial parameters, it said in a statement. The debt-free acquisition is being made through an all-cash deal for an amount of Rs 215.3 crore and is subject to adjustments, if any, as defined in the agreement at the time of closing the deal, it added. SACL is part of the TVS Motor Company. "With this acquisition, our focus will remain on harnessing the combined potential of Pricol and SACL, to become an integrated solution player, driving innovation, and delivering sustainable growth," Pricol Managing Director Vikram Mohan said. TVS Motor Company Group CFO K Gopala Desikan said: "As

Ola Electric may lay off 500 employees as part of restructuring exercise

The aim is to remove redundant roles, improve efficiency, increase margin and attain profitability, according to the sources

Ford plans to cut 4,000 jobs in Europe, cites disruptive shift to EVs

Ford Motor Co. says it will reduce its workforce by 4,000 in Europe and the U.K. by the end of 2027, citing headwinds from the economy and pressure from increased competition and weaker than expected sales of electric cars. Ford said most of the job cuts would come in Germany and would be carried out in consultation with employee representatives. The company said that it would also reduce working time for workers at its Cologne, Germany plant where it makes the Capri and Explorer electric vehicles. Dave Johnston, Ford's European vice president for transformation and partnerships, said in a statement that it is critical to take difficult but decisive action to ensure Ford's future competitiveness in Europe. The company said that the global auto industry continues to be in a period of significant disruption as it shifts to electrified mobility. The transformation is particularly intense in Europe where automakers face significant competitive and economic headwinds while also tacklin

Nissan Motor India commences export of new SUV Magnite to South Africa

Over 2,700 units of the model have been shipped from the Chennai port within a month after its launch in India

Vecmocon raises $10 million in the first phase of Series A funding

The vehicle intelligence firm will use the funding to expand its reach in various market segments, including electric two-wheelers, three-wheelers, light commercial vehicles (LCVs), and buses

After a decline, sedan segment set for action with launches lined up

Maruti launches fourth-gen Dzire; Honda to roll out new Amaze in coming months

M&M Q2FY25 results: PAT up 35% at Rs 3,171 crore on strong auto sales

The company stated that its auto and farm divisions delivered strong operating results, with profits up 23 per cent, while the financial services assets under management grew by 20 per cent

Auto Expo 2025 to be held under Bharat Mobility from Jan 17-22 at 3 places

India's flagship motor show Auto Expo will be held under the umbrella of Bharat Mobility, the government's initiative bringing all mobility-related trade shows under one platform, from January 17 next year here. The six-day Bharat Mobility Global Expo 2025 will be held between January 17 and 22 next year at Bharatmandapam; Yashobhoomi (India International Convention and Expo Center) Dwarka, and India Expo Center & Mart, Greater Noida, simultaneously. Bharat Mobility Global Expo is an annual event and it appears that now on Auto Expo is likely to be held every year. Auto Expo is a biennial event. Commerce and Industry Minister Piyush Goyal told reporters that this will be the second largest expo in the world in this segment and the industry should take it to the top position. Munich in Germany hosts the the world's largest auto show. Goyal urged the industry to involve sectors which are not yet represented such as chemicals, testing agencies, regional transport officers and ...

'Higher tariffs on Indian pharma, auto likely under Trump's America First'

With Donald Trump all set to become US president, Indian exporters may face high customs duties for goods like automobiles, textiles and pharmaceuticals if the new US administration decides to pursue the America First' agenda, opined trade experts. Experts also said that Trump could also tighten H-1B visa rules, impacting costs and growth for Indian IT firms. Over 80 per cent of India's IT export earnings come from the US, making it vulnerable to changes in visa policies. The US is India's largest trading partner, accounting for over USD 190 billion of annual trade. Global Trade Research Initiative (GTRI) Founder Ajay Srivastava said that Trump may extend tariffs beyond China to include India and other countries. Trump had earlier called India a "large tariff abuser" and in October 2020 labelled India as the 'tariff king'. These remarks suggest that Trump's second term could bring tougher trade negotiations. he said. "His America First agenda would likely push for protective mea

Maruti misses Street estimates, Q2 PAT slides 18% to Rs 3,102 crore

Shares of MSIL on Tuesday declined over 4 per cent to settle at Rs 11,010 apiece on the BSE. Intra-day, it slumped 6.42 per cent to Rs 10,744.10. At the NSE, it tumbled 4.16 per cent to Rs 11,005