Automobile Manufacturer

Auto Expo to see highest-ever participation of vehicle manufacturers: Siam

The upcoming edition of Auto Expo will see participation of 34 vehicle manufacturers, the largest number of participants till date, since the first edition of the marquee event in 1986. The Society of Indian Automobile Manufacturers (SIAM) would be organising the 17th edition of Auto Expo, 'The Motor Show', under the aegis of the Bharat Mobility Global Expo 2025 from January 17-22 at Bharat Mandapam, in partnership with ACMA and CII. "Around 34 vehicle manufacturers would be participating at the exhibition and showcasing technologies with respect to multiple powertrains," SIAM Director General Rajesh Menon told PTI. It is the highest-ever participation in the history of the event so far, he added. Automakers participating in the event include Tata Motors, Maruti Suzuki, Mahindra & Mahindra, Toyota Kirloskar Motor, Hyundai Motor India, Kia Motor India, JSW MG Motor and Skoda Auto Volkswagen India, he stated. Luxury carmakers like BMW, Mercedes, Porsche India, and BYD would also be

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 ...

Maruti to add 2,760 service outlets by FY31: CEO Hisashi Takeuchi

In the previous financial year, FY24, MSIL added 400 service touchpoints, with 90 in the Nexa (premium) format and the remaining 310 in the Arena (affordable) format

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 .

Mahindra Electric Automobile to not use '6e' till disposal of IndiGo suit

Mahindra stated it will rebrand the model from BE 6E to BE 6 but plans to contest IndiGo's claims in court

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 .

VW workers step up strikes in order to fight German plant closures

The IG Metall union said workers would down tools for four hours at nine different sites in so-called "warning" strikes across the country

No coercive action needed against Hero Electric for now: Delhi HC to SFIO

Hero Electric said it was willing to resolve the dispute with the ministry, which had demanded the disgorgement of Rs 133 crore paid to the company in sops, citing alleged violations of FAME II norm

PURE EV to expand dealership network, launch new products by 2027

Electric two-wheeler manufacturer PURE EV announced plans on Wednesday to expand its dealership network to over 320 outlets across India by mid-2027. The company plans to launch PuREPower in 2025, leveraging its vehicle battery and powertrain platform. Over the next 30 months, we aim to add 250 new dealerships, expanding our network to over 320 across India. This growth will be fueled by increasing demand for long-range scooters, electric motorcycles, large B2B contracts, and our entry into the household brand segment, PURE EV Founder and MD Nishanth Dongari said. The company currently operates with 70 dealerships. PURE EV is the first to integrate Nano PCM (Phase Change Material) into its battery systems for efficient thermal management, Dongari said. This innovation eliminates the risk of unsafe thermal incidents, enhancing safety in electric vehicles and boosting consumer confidence, he added. PURE EV has focused extensively on electric motorcycles, already launching two models

Honda to launch 3 new models in India by FY27 to tap growth in SUV segment

Japanese carmaker Honda plans to introduce three new models by the 2026-27 fiscal in India as it looks to tap growth opportunities in the robustly growing SUV segment, according to a top company executive. The company, which is present in India through a wholly-owned subsidiary, currently sells just one SUV model -- Elevate -- in the market with the other two products being Amaze and City sedans. "We plan to introduce three new models, with hybrid and electric powertrains by the 2026-27 fiscal thus expanding the company's presence in the SUV segment," Honda Cars India President and CEO Takuya Tsumura told PTI in an interaction. The new models would encompass both hybrid and battery electric powertrains, he added. The Sports Utility Vehicle (SUV) segment now accounts for over 50 per cent of sales in close to 40 lakh domestic passenger vehicle segments. Tsumura noted the carmaker continues to develop models, like hybrid and battery electric vehicles, that suit the Indian market. Ho

Ola Electric fires up plans for 4,000 store locations by end-December

Marks 4x increase with 3,200 new outlets joining 800 existing stores

JSW MG to unveil first luxury car Cyberster in January at Rs 65-70 lakh

JSW MG has identified its dealer partners in 12 cities to establish MG Select showrooms, a premium showroom line separate from mass-market dealerships

In discussions with potential local partner: Skoda Auto Volkswagen India

Skoda Auto Volkswagen India on Monday said it is in discussions with a potential partner regarding possible collaboration in India, refuting speculation that it has halted the process of finding a local collaborator after the investigation over alleged customs duty fraud. The company, which is leading the German automotive group Volkswagen's India operations, asserted that finding a local partner in India and the show cause notice by authorities for alleged customs duty fraud to the tune of Rs 11,000 crore (about USD 1.4 billion) over import of cars as completely knocked down units, are completely separate and unrelated. "To fully explore the country's growth potential, we are always considering new business opportunities and are evaluating various options to ensure the best possible solution to implement our strategy in the highly dynamic Indian market. We are currently in discussions with a potential partner regarding possible collaboration," Skoda Auto Volkswagen India said in a .

Jaguar Land Rover now faces competition from its Chinese partner in UK

Chery Automobile Co is preparing to bring its upmarket Jaecoo brand to JLR's home market, where the Chinese carmaker hopes to take on the Range Rover line

Auto industry to continue shift towards EVs despite Trump tax credit threat

If President-elect Donald Trump makes good on his threat to kill federal tax credits for electric vehicle purchases, it's likely that fewer buyers will choose EVs. Yet tax credits or not, auto companies show no intention of retreating from a steady transition away from gas-burning cars and trucks, especially given the enormous investment they have already made: Since 2021, the industry has spent at least $160 billion on planning, designing and building electric vehicles, according to the Centre for Auto Research. In campaigning for the presidency, Trump condemned the federal tax for EV buyers up to $7,500 per vehicle as part of a green new scam that would devastate the auto industry. His transition team is reportedly working on plans to abolish the tax credits and to roll back the more stringent fuel-economy rules that were pushed through by the Biden administration. It is far from clear, though, that the Trump administration could actually rescind the credits. Trump's argument o

Hyundai India receives show cause notice for alleged tax discrepancies

Tax authority Maharashtra alleges 'excess input tax credit claimed' by Hyundai India in GSTR 3B/9, which is not confirmed in GSTR 2B/8A of GSTR 9, along with RCM tax paid by the company

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

Mahindra & Mahindra, Skoda-Volkswagen clash over joint venture terms

M&M, with a stronger position in the domestic market, is reluctant to compromise with the two sides facing disagreements over issues related to development costs and sourcing

Mercedes-Benz India to raise prices by up to 3% from 2025: CEO Santosh Iyer

German luxury carmaker Mercedes-Benz on Friday said it will hike prices of its vehicles in India by up to 3 per cent on its entire model range in the portfolio from January 1, 2025, citing a rise in input costs, inflationary pressures and higher operational expenses. Prices of Mercedes-Benz cars in India will be revised by Rs 2 lakh for the GLC to Rs 9 lakh for the top-end Mercedes-Maybach S 680 luxury limousine, Mercedes-Benz India said in a statement. The combination of rising input costs, inflation, and higher operational expenses has been exerting considerable pressure on Mercedes-Benz India's business operations and the company has been absorbing the rise in operational cost since the last three quarters, it added. "Over the past three quarters, we have been facing increased pressure on our cost structure primarily driven by escalating material cost, fluctuating commodity pricing, increased logistics expenses and inflationary cost," Mercedes-Benz India Managing Director & CEO

Tata Motors Q2FY25 results: Net profit down 11%, revenue dips 3.5%

The stock fell 1.74 per cent on Friday to Rs 805 per share, as the company missed street estimates, which had projected a net profit of around Rs 5,000 crore