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Automobiles
Passenger vehicle sales stagnate in FY25 amid waning demand
NEW DELHI: After three years of blockbuster growth, passenger vehicle (PV) sales have come under pressure in FY25. Due to waning pent-up demand and lack of interest shown by new consumers, dealer showrooms are filled with inventory of…
Ola Electric nearly doubles investors’ money in six sessions;
Mumbai: Despite reporting a big surge in quarterly losses last week, Ola Electric has nearly doubled investors' money in just 10 days or six trading sessions.
Defying all the precautionary notes issued by analysts about investing in the…
Mahindra launches Thar Roxx at Rs 12.99 lakh
MUMBAI: Mahindra & Mahindra on Thursday launched the 5-door version of the Thar SUV - Thar ROXX – at a starting price of ₹ 12.99 Lakh. Bookings for the Thar ROXX will open online and at Mahindra dealerships from October 03, in this year…
If product is good, will sell: Mahindra
NEW DELHI: Anand Mahindra, chairman of Mahindra Group, said if a company’s product is terrific, they are bound to succeed. Pointing out that the group’s two-wheeler division faced several impediments such as the COVID-19 pandemic, which…
Ather Energy joins unicorn club with $71 million funding
BENGALURU: Electric two-wheeler manufacturer Ather Energy has entered the unicorn club after securing $71.5 million in Series E round from existing investor National Investment and Infrastructure Fund (NIIF).
The electric scooter…
‘About 70% of 2-wheelers will be electric by 2030’
BENGALURU: Though charging infrastructure in the country remains low, Guruprasad Mudlapur, President of the Bosch Group in India, and managing director, Bosch Limited, is confident that by 2030, 20% of passenger cars and 70% of two-wheelers…
Tata Motors enters mid-size SUV segment with Curvv.ev
Mumbai: Marking its entry in the mid-size SUV segment, Tata Motors on Wednesday launched the Curvv.ev and showcased the internal combustion engine (ICE) versions of the vehicle. The Tata Curvv EV 45 is priced between Rs 17.49 lakh and Rs…
TVS Motor Q1 profit rises 6% to Rs 461 crore
NEW DELHI: TVS Motor Company on Tuesday said its consolidated net profit increased 6% to Rs 461 crore for the first quarter ended June 30, 2024, riding on the back of robust sales.
It had posted a net profit of Rs 434 crore in the same…
PV sales rise 10 per cent in July on new launches, enhanced discounts: FADA
NEW DELHI: Passenger vehicle retail sales in India witnessed a 10 per cent on-year jump in July driven by new model launches and enhanced discounts, industry body FADA said on Monday.
Total passenger vehicle retail sales rose to 3,20,129…
Ola Electric IPO booked 35 per cent on day one
NEW DELHI: The much-anticipated Rs 6,145 crore initial public offering (IPO) of electric two-wheeler company Ola Electric received a dull response, with the issue being subscribed only 35 per cent or 0.35 times on the first day of the…
Top 3 carmakers report decline in July sales
NEW DELHI: Despite partial relief from the intense heat wave and election fervour subsiding completely, passenger vehicle (PV) sales remained under pressure in July 2024 with the top 3 carmakers reporting a dip in sales. The fall comes even…
Maruti Suzuki’s profit after tax grew by 47% in Q1
Mumbai: On the back of cost reduction efforts and favourable commodity prices, the country’s largest carmaker - Maruti Suzuki India (MSIL) - reported a 47% growth in its June quarter (Q1FY25) profit after tax (PAT) to Rs 3,650 crore. The…
Despite higher margins and top-line, M&M net slips 5.3%
MUMBAI: The homegrown automaker Mahindra & Mahindra has reported a marginal 5.3 percent year-on-year fall in standalone net in the June quarter at Rs 2,613 crore despite a healthy topline growth and robust margins.
The city-based…
No plan to mandate blending of ethanol with diesel, says government
The current ethanol production capacity of 1,364 crore litre is spread across most of the states of the country, including the ethanol surplus states of Uttar Pradesh, Maharastra and Karnataka.
Tesla reports hefty profit drop due to price cuts, lower vehicle sales
NEW YORK: Tesla reported a hefty drop in second-quarter profits Tuesday due to the effect of price cuts while spending aggressively on autonomous driving and other technology.
Elon Musk's electric vehicle company reported profits of $1.5…
MG Motor to launch five new cars in one year
Three of the five upcoming launches are going to be in the mass market category while the rest two would cater to the premium market.
Auto industry needs 2 lakh skilled people by 2030
A total talent investment of Rs 13,552 crore is expected for hiring and training the workforce.
Electric vehicle industry appeals for subsidies to recharge sales
The sector is anticipating sops from the government to boost the battery and charging infrastructure, rationalise tax structure and support R&D capabilities.
Soon, zoom past barrier-free toll plazas on highways
Barrier-free toll collection to revolutionize highway travel, GNSS-based system to allow high-speed transit and distance-based charges
Automobile exports from India rise 15.5% in Q1
Overall shipments stood at 11,92,577 units in the first quarter the current fiscal year, as compared with 10,32,449 units in the same period of the last fiscal.