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Automobiles
Honda launches Elevate, price starts at Rupees 10,99,900
Even as the passenger vehicle market grew at 27% in FY23 to post its highest-ever domestic sales of 3.9 million units, Honda sales grew at 7% to 91,418 units.
Two-wheeler makers go premium
In the last 2-3 years, two-wheeler prices have risen sharply, delaying the recovery of small engine-powered bikes. premium segment has not been impacted much by price rises, or slowdowns.
Hero HD X440, Karizma XMR find traction among buyers
Both these launches address the key void in HMCL's premium product portfolio, the analysis said, referring to Hero's portfolio that is heavily tilted towards the commuter and mass markets segments.
Bajaj Auto August sales down 15% on pain in domestic market
Bajaj Auto reported a sharp, 31% decline in its domestic two wheeler sales for August, even as exports remained flat
Hero eyes bigger share in premium segment, launches Karizma ZMR
Hero has plans to launch a new premium product every quarter for the next three to four quarters and give a facelift to its stores.
Maruti plans to double car production by 2030, to infuse Rs 45,000 crore
The company has reached 20 lakh units in production and sales through 40 years and aims to double that in the next eight years.
Uber Ride in India: In 10 Yrs Drivers earned over Rs. 50k crore; 300 crore Trips
Uber on Tuesday completed 10 years in the country.
Government to review auto industry PLI scheme
In the automotive sector, the Ministry has launched various flagship programs, one of which is the PLI scheme for Automobile & Auto Components (outlay of Rs 25,938 crore).
MG will be the preferred choice to make EV: Sajjan Jindal
He added that EV is an area that JSW Group must enter as it is the future and this is a good time to make a foray into this space.
Maruti Suzuki’s Baleno, Brezza, Grand Vitara to undergo crash tests
It will be important to see how much MSIL scores in the Bharat NCAP as the company models have scored low ratings in the Global NCAP tests.
Mahindra and Mahindra sees lower demand for entry-level XUV models amid supply hiccups
The reduction in demand was largely seen in the subcompact SUV segment, led by XUV300 and XUV400 models.
Porsche expects around 80 per cent sales in India from EVs by 2030
Porsche, however, has no plans in the short to medium term to locally assemble its vehicles in India, as it is focusing on establishing and strengthening the brand in India.
Electric two-wheeler industry hits roadblock after changes to Fame 2 subsidy
Volumes impacted by price hikes because of cut in subsidy from June 1
Mahindra to inspect over one lakh units of XUV700 for wiring issues
Also, 3,560 units of XUV400 vehicle manufactured between February 16, 2023, to June 5, 2023, will be inspected for ineffective spring return action of the brake potentiometer.
Ahead of IPO plan, two top executives exit Ola Electric
However, the company has denied news reports of two other senior executives leaving the team.
Temasek to invest 1200 Cr rupees in Mahindra’s electric arm
After the fund infusion, Temasek will have a shareholding in MEAL ranging from 1.49-2.97% of the paid-up share capital on a fully diluted basis.
Bosch bets big on hydrogen technologies
Bosch launched its first hydrogen-power demonstrator vehicle in India in June 2023, which comes after the announcement launch of the pilot Hydrogen Engine Testing Infrastructure in Bengaluru.
Maruti buys Suzuki Motor Gujarat
The purchase of Suzuki Motor Gujarat by Maruti. According to MSIL, in order to satisfy future demand, they will need to increase its annual production capacity to approximately 4 million vehicles (40 lakhs) by the year 2030-31
Tesla is building more tribal shops to circumvent state rules banning direct sales.
In order to circumvent state restrictions that prohibit direct sales, the automobile manufacturer Tesla is expanding the number of shops it operates on tribal territories. Tesla has, over the course of several years and in a number of…
BYD may abandon its USD 1 billion India venture
As BYD confronts increased scrutiny from the Indian authorities, the company may decide to abandon its planned investment of one billion US dollars in India. It was reported earlier this month that BYD had discussed the possibility of…