Automobile

High dispatches, low retail sales may up passenger vehicle inventory

According to data from the Society of Indian Automobile Manufacturers (Siam), 347,522 PV units were dispatched by original equipment manufacturers (OEMs) in November

Kia, Tata Motors announce price hikes from Jan due to rising input costs

Maruti, Hyundai and Mahindra & Mahindra (M&M) have already announced to increase prices

Fight for 6E is giving Mahindra vehicle free publicity, say brand experts

Meanwhile, as the fight continues in the Delhi High Court, Mahindra said in a statement on Saturday, "We are hence taking the decision to brand our product the BE 6

Mahindra names its new electric car BE 6E, and IndiGo decides to sue

IndiGo files a trademark suit against Mahindra Electric over the use of '6E' in its upcoming BE 6E electric car, citing brand dilution and potential consumer confusion

Electric vehicle sales down 12% in November after festival-driven rush

In the e2W category, which accounts for more than 60 per cent of total EV sales, volumes fell 15 per cent to 118,944 units in November, compared to 139,787 units in the previous month

Mahindra to invest Rs 4.5k cr for growth of two new electric brands

Mahindra & Mahindra has committed Rs 4,500 crore on the overall development, including the creation of production capacity, for the two new ground-up electric brands, a top company executive said on Wednesday. The Rs 4,500 crore investment is part of the Rs 16,000 crore capex the company has announced for the electric vehicle business between the FY22-27 cycle. The Mumbai-based auto major is creating production of capacity of 90,000 units per annum at its Chakan-based plant for the two ground-up 'Born Electric' models -- BE 6e and XEV 9e. "We have allocated Rs 4,500 crore investment for the two models. The investment would go into the overall development of the electric vehicles," Mahindra & Mahindra (M&M) Executive Director and CEO for auto and farm sectors Rajesh Jejurikar told reporters here. He noted that the production capacity at Chakan could be further scaled up to 1.2 lakh units per annum. The Mumbai-based auto major on Tuesday unveiled two models -- BE 6e and XEV .

EV leasing firm Alt Mobility raises $10 mn from Eurazeo, other investors

Commercial EV leasing and asset management firm Alt Mobility on Wednesday said it has secured USD 10 million funding in a Series A round led by European VC and PE funds and existing investor, Eurazeo. The latest funding round also saw the participation from other investors including Shell Ventures, Twynam Earth Fund and EV2 Ventures, Alt Mobility said. The fresh capital infusion would help the company in its next phase of growth including expanding the capabilities of its digital asset management platform and driving standardization of battery technology, among others, it said. "Alt Mobility has secured USD 10 million in a Series A funding round led by existing investor Eurazeo, and (it also) saw participation from other existing investors including Shell Ventures, Twynam Earth Fund and EV2 Ventures," the company said. Alt Mobility currently owns a fleet of 10,000 vehicles across 20 cities in India leased to fleet operators and individual drivers. The company said it is ...

Skoda Kylaq starting at Rs 7.89 Lakhs launched, deliveries to begin in Jan

Prices for the Skoda Kylaq start at Rs 7.89 lakh (introductory ex-showroom prices throughout India). The SUV will go on sale on December 2, 2024, and delivery will begin on January 27, 2025

India's automobile exports rise 14% in Apr-Sept, led by PVs, two-wheelers

Automobile exports from India in the first six months of the current fiscal year rose 14 per cent year-on-year, led by gains in shipments of passenger vehicles and two-wheelers. According to Siam data, the overall exports in the April-September period stood at 25,28,248 units, up 14 per cent as compared with 22,11,457 units in the year-ago period. "Key markets like Latin America and Africa, which had slowed down for various reasons, have bounced back. This has been the main reason for exports coming back," Society of Indian Automobile Manufacturers (Siam) President Shailesh Chandra said. He was replying to a query on the reasons for the bouncing back of vehicle exports in the April-September period. Various African nations and other regions faced challenges due to devaluation of currencies. This impacted the vehicle shipments as the nations focussed on import of essential items. Automobile exports declined 5.5 per cent in FY24 due to the monetary crisis in various overseas ...

JSW MG Motor, Vision Mechatronics join hands to redefine EV batteries

JSW MG Motor India on Friday announced a collaboration with Vision Mechatronics for repurposing used electric vehicle batteries with a homegrown battery management system for second-life usage in large-scale energy storage. The project with Vision Mechatronics, a technology company in the field of second-life batteries, will initially focus on a UPS backup solution and the first product has been deployed for an industrial facility in Pune to demonstrate the versatility and effectiveness of second-life EV batteries. Under the collaboration, JSW MG Motor India will provide EV batteries that are no longer roadworthy, to Vision Mechatronics which in turn will repurpose it into a second-life large-scale energy storage application. "With Vision Mechatronics we have done a 36 kilowatt UPS, which is going to be for industrial application...This one is using the cells of a battery which is not being used as such in the cars. It's perfect in terms of repurposing of the battery and so this als

Tamil Nadu's auto manufacturing sector faces severe climate risks: CII

The risk assessment was carried out as part of CII's new framework, 'Building Climate Resilience for Indian Industry', which aims to help businesses identify and address climate-related threats

Tata Motors managing director Shailesh Chandra elected Siam president

Chandra had previously served as Vice President of Siam. He is now succeeding Vinod Aggarwal, Managing Director and CEO of Volvo Eicher Commercial Vehicles

The road ahead: Steel recycle mandate for automakers on the anvil

"We recently held a meeting with members of the Society of Indian Automobile Manufacturers (SIAM). The final regulations are likely to be issued in the next 10 days," a government source informed

Resourceful Automobile makes a tepid debut but ends on the upper circuit

Resourceful Automobile's initial public offering (IPO) was a fresh issue of Rs 12 crore and raised eyebrows as it was subscribed a whopping 419 times

Motorbike dealer with 8 staffers receives Rs 4.8K cr bids for Rs 12-cr IPO

Resourceful Automobile IPO: The New Delhi-based company specialises in the sale of Yamaha motorcycles and scooters. It runs two showrooms in the national capital under the name 'Sawhney Automobiles'

Passenger vehicle dealers struggle with inventory worth Rs 73,000 cr: Fada

Given the stockpile, carmakers should realign their production around retail figures, according to the Federation of Automobile Dealers Associations

Registration tax waiver on hybrid cars to remain: UP govt to auto companies

The state govt has announced full waiver of registration fee for strong hybrids to boost use of eco-friendly cars

JSW MG to launch 5 cars in next 12 months: CEO Emeritus Rajeev Chaba

MG currently sells five models in India -- Hector, Gloster, Astor, Comet and ZS. The first three are internal combustion engine-run cars while the last two are electric cars

The Balancing Act: Budget expectations of India's automobile sector

At the heart of the debate lies the future of automotive propulsion technologies

Salaried professionals drive up sales of pre-owned cars in Q2 of 2024

The most popular car models among buyers included the Hyundai Grand i10, Maruti Suzuki Swift, and Baleno