Car Manufacturers

Audi expects sales to recover next year; anticipates 8-10% growth in 2025

Luxury carmaker Audi India expects sales to be back on track next year after witnessing supply chain disruptions that hampered its performance in 2024, a top company executive said on Thursday. The German carmaker, which on Thursday introduced a new version of its flagship SUV Q7, expects its sales to grow by 8-10 per cent next calender year, recovering from supply chain challenges it faced in the first two quarters of this calender year. "We anticipate luxury car industry growth next year to be in the range of 8-10 per cent. For Audi also we expect similar kind of growth," Audi India Head Balbir Singh Dhillon told PTI in an interaction. He noted that the industry sales growth has tapered down after witnessing huge growth in the last three years. In January-September this year the industry growth has been around 5 per cent, down from over 30 per cent year-on-year growth witnessed in the last three years. "Still we believe that the luxury car industry will cross the 50,000 unit-mar

India on track to become third-largest economy by 2028: IEA projection

India will over the next decade add more than 12,000 cars a day, expand built space equivalent to the built space in South Africa, and its air-conditioners will consume more electricity than entire power consumption in Mexico, the IEA said. It is likely to see a rise in demand for all forms of energy -- from oil and gas to coal, electricity and renewable energy -- through 2035, making it the growth engine for energy demand globally, the International Energy Agency (IEA) said in its World Energy Outlook 2024. India, the world's third largest oil consuming and importing nation, will see its demand for oil rise by almost 2 million barrels per day by 2035 and become the main source of oil demand growth in the world. According to IEA projections, the country is on track to become the third-largest economy in the world by 2028. It was the world's fifth largest economy and the fastest growing major economy in 2023, with output increasing by 7.8 per cent. India overtook China in 2023 to .

Two-wheeler sales witness surge ahead of festival season in India

Major players record 9-26% increase on strong domestic demand

Back in the driver's seat: Ford India's timeline and Chennai plant revival

The American automobile giant plans a third entry into India, reviving its Chennai facility in Maraimalai Nagar, with an annual capacity of 200,000 vehicles and 340,000 engines for export

M&M, Shaanxi to set up $3 bn JV for India plant, await govt's nod

With plans to open in Gujarat, proposal includes building an export-oriented, integrated manufacture hub for assembled cars - known as completely built-up units, engines and car batteries

China's new-age automakers live-stream to interact with potential customers

"If you're not livestreaming these days you're kind of a dinosaur," said Mark Tanner, managing director of Shanghai-based marketing firm China Skinny

Tesla to scout locations for $2-3 billion electric car plant in India

The US EV firm had demanded tariff cuts, concessions as a prerequisite for investment

JSW Group, Volkswagen in talks for electric vehicle joint venture in India

This proposed project with Volkswagen would be distinct from the joint venture already underway with SAIC Motor Corp, wherein JSW Group holds a 35% stake

Tata Nexon secures 5-star rating in latest Global NCAP crash tests

Nexon received a score of 32.22 out of 34 points for adult occupant protection and 44.52 out of 49 points for child occupant protection

Different shades: Black is the new white for car buyers in India

In 2021, only 14.8 per cent of the cars sold in India were black. That increased to 15.5 per cent in 2022 and further to 19.5 per cent in 2023

Maruti saw biggest jump in average revenue earned per car in 2023 at 13%

In 2022, MSIL had experienced an 11.98 per cent Y-o-Y increase in average revenue per car

Chinese carmaker BYD Co overtakes Tesla as world's most popular EV maker

In a sector still dominated by more familiar names like Toyota Motor Corp., Volkswagen AG and General Motors Co., Chinese manufacturers including BYD and SAIC Motor Corp. are making serious inroads

Ford India keeps comeback plans open, reassessing Chennai plant's future

Companies such as Ola Electric, Hyundai Motor India, Tata Motors, and MG Motor also engaged in multiple rounds of discussions with Ford India's management over the last two years

Volvo Car India to hike prices up to 2% from Jan due to rising input costs

Volvo Car India on Thursday said it will increase prices up to 2 per cent from January 1, 2024. The decision to raise prices is on account of rising input costs and volatile foreign exchange rates, the automaker said in a statement. "The decision to adjust prices is in response to evolving market dynamics, forex exchange rate fluctuations, and rising input costs," Volvo Car India MD Jyoti Malhotra said. The price hike aims to maintain a crucial balance, ensuring the continued delivery of high standards and the best driving experiences and reaffirming Volvo's commitment to uncompromised quality and safety, Malhotra added. Volvo established its presence in India in 2007 and currently markets products through 24 dealerships in the country.

Amid strong festive demand, car dispatches likely to make new record in Oct

Car sales have broken the sales record for a third straight month in October

Tata Motors sells 9.9% stake in IPO-bound Tata Tech for Rs 1,613 crore

TPG Rise Climate is the lead investor for this transaction. TTL is a global engineering services company offering product development and digital solutions to global original equipment manufacturers

Car manufacturers are buying 'green steel' that's far from carbon-free

"Steel made with natural gas is not climate-neutral steel and that is what ultimately matters," he said

Here's how China beat everyone to be world leader in electric vehicles

Beijing's success is breathtaking. EVs accounted for a quarter of all passenger cars sold in China last year, far ahead of the roughly one in seven in the US and one in eight in Europe

Not chasing sales, focus on solid customer experience: McLaren India

McLaren formally started operations in India in November last year when it opened its first showroom in Mumbai

Luxury car maker Audi India starts production of Q3 SUV at Aurangabad plant

Audi was planning to make these cars in India along with the Audi Q5, A6, A4, Q7