Page 2 - Automobile Industry

Why hybrids may fail to take off in India's evolving automobile market

A new report says EVs and CNG vehicles will outpace hybrids by far

A gradual climb for LVs sales in India, projected to grow 3.7% in 2025

According to S&P Global Mobility, growth for 2024 is projected to be even lower at 2.9%

India's tyre industry braces for another year of sluggish growth: CRISIL

This follows a similar trend in the previous year, marking a significant slowdown from the robust 21 per cent compound annual growth rate (CAGR) witnessed between FY21 and FY23

India to shift to 'smartphone era' for cars embracing 5G, AI: Report

India is set to enter a transformative "smartphone era" for cars in 2025, with the introduction of vehicles featuring 5G M2M connectivity and advanced AI technologies, according to the latest findings from Techarc's India Connected Consumer Report 2025. The report said the automotive sector will skip 4G and will enable connectivity using the latest 5G cellular technology. It observed that consumers are interested in spending money on improving the value proposition in terms of features, quality and experience rather than exploring too many smart devices. "22 per cent of the respondents shared about considering optimising their smart devices portfolio. Among the new set of categories, smart/connected cars is generating high interest among consumers. 55 per cent of the respondents said that they have come across news or information about smart/connected cars in recent times," it said. Starting in 2025, passenger cars in India will be equipped with 5G M2M connectivity, on-device GenAI

Growth in rural mkt balancing decline in small car sales: Maruti Suzuki

A revival in the rural market has helped in arresting the decline in sales of entry-level small cars, which saw a 10 per cent growth in retail sales in October, top company officials of Maruti Suzuki India said on Monday. The company, which launched all-new version of its compact sedan Dzire priced between Rs 6.79 lakh and Rs 10.14 lakh (ex-showroom Delhi), is bullish on enhancing its share in the sedans category despite the fast growth of SUVs and asserted that it would continue to cater to all segments to preserve its high market share in the domestic market. While the SUV segment has been growing, other segments are also important to the company to maintain high market share, Maruti Suzuki India (MSI) MD and CEO Hisashi Takeuchi told reporters here. "The compact sedan segment is very reliable. So from a business point of view, it is very good and secondly in order to retain decent market share, we have to have a presence in each of the customer segments," Takeuchi noted. MSI ...

Maruti Suzuki launches all-new version of Dzire to strengthen product range

Maruti Suzuki India on Monday introduced the all-new version of its compact sedan Dzire and said the automaker would continue to cater to all customer segments in order to preserve its high market share in the domestic market. The automaker introduced the new Dzire priced between Rs 6.79 lakh and Rs 10.14 lakh (ex-showroom Delhi). While the SUV segment has been growing, other segments are also important to the company in order to maintain high market share, Maruti Suzuki India (MSI) MD and CEO Hisashi Takeuchi told reporters here. He said Dzire has been a global success for the automaker with around 30 lakh units sold so far across markets. Takeuchi noted that the company has invested around Rs 1,000 crore on the development of the model. MSI Senior Executive Officer (Marketing and Sales) Partho Banerjee said the company's endeavour is to serve all customer segments. MSI currently has over 40 per cent market share (wholesales) in the overall domestic passenger vehicle segment. I

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 ...

Auto parts firm Sundram Fasteners posts 8% increase in Q2 net profit

The company has incurred Rs 238.25 crore in capital expenditure for the half-year ended September 30, 2024, in line with its planned capital expenditure of Rs 400 crore for the financial year 2024-25

Ola Electric sells over 50,000 units, registers 41,605 units in Oct

With a market share of 30 per cent, the company said it continues to dominate the EV 2W segment in India

SUV sales a bright spot in carmakers' October dispatches to dealers

Mahindra, which has a portfolio comprised entirely of SUVs, reported a rise in sales every month this year ending March 2025, mostly supported by new launches such as the "Thar ROXX"

BLive EZY deploys 1,000 premium electric vehicles to cater festive demand

BLive EZY on Wednesday said it has deployed 1,000 units of premium EVs to cater to the festive demand in the quick commerce segment. As the festive season drives a surge in online shopping, India's quick commerce market is set for exponential growth, Blive EZY said. Moreover, during peak times, consumers expect their orders in as little as 10-15 minutes, making ultra-fast delivery essential, it added. "With festive demand for quick commerce deliveries at an all-time high, BLive EZY has deployed 1,000 premium electric vehicles (EVs) tailored to meet the dynamic requirements of this growing industry," it said. "Our customised EV fleet solution is a perfect answer that addresses both the rapid delivery challenges of today's consumers and the sustainability goals of modern businesses," said Samarth Kholkar, CEO and co-founder of BLive. Driven by platforms like Swiggy Instamart, Blinkit, and Zepto, the sector is projected to reach USD 5.5 billion by 2025, according to the strategy ...

Goyal meets Schneider Electric CEO in Riyadh to discuss investment plans

Commerce and Industry Minister Piyush Goyal on Wednesday held a meeting with Peter Herweck, CEO of energy management and automation major Schneider Electric, in Riyadh and discussed the company's investment plans for India. The minister is in Saudi Arabia to discuss ways to further deepen the strategic partnership between the two countries and explore new avenues of trade, investment and economic cooperation. "Held a meeting with Mr Peter Herweck, CEO of @SchneiderElec, a global company specialising in energy management and digital automation with a strong presence in our country. Discussed the company's investment plans for India and how it can leverage the nation's talent pool and government support to provide high-tech, sustainable, and energy-efficient solutions to the world," Goyal said in a post on social media platform X. In March this year, Schneider Electric said that it will invest Rs 3,200 crore by 2026 to make India its manufacturing hub for domestic sales as well as ...

ASK Automotive Q2FY25 results: Net profit increases 63% to Rs 67 cr

Auto component maker ASK Automotive on Tuesday reported a 63 per cent rise in consolidated net profit to Rs 67 crore in the July-September quarter of 2024-25 compared to the year-ago period. The country's largest brake shoe and advanced braking systems manufacturer for two-wheelers had reported a net profit of Rs 41 crore in the second quarter of the previous fiscal. Total income during the quarter under review increased 22.2 per cent to Rs 976 crore from Rs 798 crore in the corresponding quarter of FY 24, the company said. EBITDA (earnings before interest, taxes, depreciation and Amortisation) stood at Rs 119 crore in the September quarter, up 50.3 per cent from Rs 79-crore in Q2FY24, ASK Automotive said. "We had a strong finish to the second quarter and first half of the year in both revenue and profitability. This is the fourth consecutive quarter of robust performance by us since listing of the company last year. During Q2 FY25, we delivered strong performance in business and

Mercedes pledges cost cuts after earnings halve; blames weak China demand

The stock has lost around 8% year to date, underperforming Germany's benchmark DAX index but still faring better than Volkswagen, BMW, and Porsche AG

Renault posts forecast-beating 1.8% rise in Q3 sales amidst strong demand

Revenues came in at 10.7 billion euros ($11.55 billion), up 1.8 per cent from a year earlier and beating an analysts' consensus forecast of 10.35 billion euros provided by the company

Tesla is EV company again, back to car biz after failed robotaxi event

Tesla beat the consensus earnings estimate for the first time in five quarters, albeit an estimate that has roughly halved over the past year

Donald Trump excludes Asian, European cars from vehicle tax-break plan

Trump has increased his focus on US automakers in recent weeks as he's sought to assuage voter concerns about domestic manufacturing jobs, repeatedly pledging to restore industries

Honda recalls 780,000 vehicles in North America on fuel pump concern

Honda said because of defective high-pressure fuel pump core, cracks may form inside fuel pump, which can grow during driving, leading to possible fuel leaks or fuel smell while idling or driving

Bengal eyeing investments in carbon black industry with EV-driven growth

West Bengal has immense growth potential in the carbon black industry as the sector is expected to witness increasing demand from the electric vehicle (EV) market and battery manufacturing, an official said on Tuesday. Speaking at the Asia Pacific Carbon Black Conference, state Chief Secretary Manoj Pant highlighted the projected compound annual growth rate (CAGR) of 4.8 per cent for the sector over the next decade and invited industrialists to invest in the state's emerging industrial landscape. There is tremendous potential for growth in this industry, particularly as EV demand rises and carbon black becomes integral to both tyres and battery components, Pant said. He reaffirmed the government's commitment to fostering industrial growth and attracting investments while emphasising ongoing efforts to improve infrastructure and streamline policies to create a business-friendly environment. Pant also stressed the importance of sustainability, citing a shift towards green carbon blac

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 ...