Domestic tyre industry revenue is expected to grow 12 times to Rs 13 lakh crore by 2047, led by premiumisation and rise in exports, a report said on Tuesday. Due to the strong domestic original equipment manufacturer (OEM) sector, replacement tyre demand, and the accelerated expansion of vehicle exports, the…

French auto major Renault Group on Tuesday said it has appointed Vikraman V as the chief of Renault Engineering at Renault Nissan Technology & Business Centre India in Chennai and Sandeep Bhambra as the Head of Renault Design Centre India. Vikaraman, who joins Renault from Mahindra & Mahindra, where he…

Car sales in India fell for the fourth straight month in August as automakers regulated dispatches to dealers ahead of the announcement of the revised goods and services tax (GST) rates. A total of 321,840 vehicles were dispatched from factories to dealerships last month, an 8.8% decline from 352,921 units…

Maruti Suzuki India is gunning for leadership in the mid-size SUV segment in the domestic market, currently dominated by its South Korean rival Hyundai, a senior company official said on Monday. The company, which has launched its new mid-size SUV Victoris with introductory prices ranging from Rs 10.5 lakh to…

Mumbai: The global automobile industry is starting to regain confidence after pausing product and investment decisions initially due to the upheaval caused by Trump’s tariffs, said a senior executive at Tata Technologies. The Tata Group engineering firm is also pressing ahead with expansion, acquiring Germany’s ESTEC for ₹75 million (₹750…

The recent GST rate cut is likely to make the upcoming festive season the ‘best-ever’ for the luxury carmaker, but there is a need to cap road taxes levied by states on car purchases for long-term growth of the industry, Mercedes-Benz India MD and CEO Santosh Iyer said. In an…

New Delhi: India is preparing fiscal incentives to encourage domestic production of rare-earth magnets, heavy industries minister HD Kumaraswamy said Friday. In a video address at the 65th annual session of Automotive Component Manufacturers Association (ACMA), Kumaraswamy said his ministry is actively tackling vulnerabilities in critical raw materials. “Rare earth…

The government recently announced major Goods and Service Tax (GST) reforms, bringing only two major slabs of 5% and 18%. There is another slab of 40% for luxury and sin goods. A result of the rejig is that automobiles, which were earlier taxed at 28% with additional compensational cess ranging…

Mumbai: Cross-border consolidation in the global automotive industry is set to intensify as companies grapple with electrification, changing consumption patterns and the rising need for capital, senior investment bankers at Rothschild & Co said. Speaking to ET, Vikas Sehgal, partner and global head of automotive and executive vice chairman South-East…

Mumbai: India’s two-wheeler industry, the world’s largest by volume, is projected to grow at a compounded annual rate of 6–8% until 2030, driven by rising household penetration, income growth and a robust shift towards electric mobility, according to a study by global consulting firm Kearney. The report, “Indian two-wheeler industry:…

New Delhi | Mumbai: More than a fortnight after Beijing announced easing curbs on exports of rare earths, supplies of critical magnets from China are yet to resume, forcing automakers and parts suppliers to manage the shortfall on a day-to-day basis. Speaking on the sidelines of the annual convention of…

For years, dashboard cameras were seen as quirky add-ons for road-trip lovers who wanted to record long drives. Today, they are fast becoming essential safety gear for Indian motorists. With over 1.5 lakh road deaths reported annually and disputes over traffic violations and insurance claims piling up, demand for dash…

New Delhi: Commerce and industry minister Piyush Goyal Wednesday urged auto dealer associations to pass on the benefits of Goods and Services Tax rate cuts to consumers. At the Auto Retail Conclave organised by the Federation of Automobile Dealers Associations (FADA), he also said that foreign companies too are keen…

Jaguar Land Rover (JLR), a Tata Motor-led auto giant, confirmed a cyber incident that has disrupted its global systems and may have compromised data, the automaker said in a statement on Wednesday. JLR has not disclosed details on the scale of the breach or the type of data affected. “Since…

Royal Enfield on Tuesday announced that it will pass on the full benefit of the recent Goods and Services Tax (GST) rate reduction to customers across its motorcycles, service, apparel and accessories. The revised pricing will come into effect from 22 September 2025, following the reforms introduced by the GST…

Jaguar Land Rover (JLR) on Tuesday announced significant price reductions across its portfolio in India, passing on the benefits of the recent Goods and Services Tax (GST) rate cut on luxury cars to customers. With immediate effect, prices of JLR models will drop between ₹4.5 lakh and ₹30.4 lakh, covering…

Retail sales of automobiles grew 2.8% on-year in August, supported by demand during the Onam and Ganesh Chaturthi festivals. Sales were however flat sequentially as many buyers deferred purchases, anticipating a drop in prices after the goods and services tax (GST) cuts. Total retails rose to more than 1.96 million…

JSW MG Motor India on Monday announced that it has passed on the full benefits of the recent GST reduction to customers across its entire ICE SUV portfolio including Astor, Hector and Gloster. The benefits will be in effect immediately, the company said in a release. The carmaker is also…

Mercedes-Benz has unveiled the all-new GLC with EQ Technology at the IAA Mobility 2025 in Munich, marking a major milestone in the brand’s electric and design evolution. The model is the first series-production Mercedes to embody the next phase of its “Sensual Purity” design language. The GLC introduces a reimagined…

Hyundai Motor India Limited (HMIL) has confirmed that it will pass the benefits of the Goods and Services tax (GST) reforms to the customers and announced considerable price cuts across passenger vehicle models. The revised prices, effective September 22, 2025, will make Hyundai’s cars and SUVs more affordable by up…

Toyota Kirloskar Motor has reportedly announced major price cuts across its product portfolio, passing on the full benefits of the recent GST reduction to customers. The move comes just ahead of the festive season, making several popular Toyota models more affordable. According to reports, the Toyota Fortuner will see the…

Mahindra & Mahindra on Saturday announced the price reduction on its passenger vehicles, which range by up to Rs 1.56 lakh with immediate effect following the GST rate cut benefit to customers. The revised prices for all applicable ICE portfolios are effective from September 6, 2025, and will be transparently…

Homegrown auto major Tata Motors Friday said prices across its range of vehicles will come down by up to ₹1.55 lakh with company deciding to pass on the entire benefit of the GST reduction to customers with effect from Sep 22, 2025. Tata Motors sells a range of vehicles from…

Royal Enfield’s popular motorcycles below 350cc will benefit from the recent GST rate cut, but larger bikes in its portfolio face higher taxation. The GST rate on two-wheelers below 350cc has been reduced from 28 per cent to 18 per cent. This will make Royal Enfield’s core models such as…

The GST Council on Wednesday revised the Goods and Service Tax (GST) on all products, consolidating the complex tax system into two slabs – 5% and 18%. With the new tax structure in place, GST on small cars is reduced to 18%, whereas for all other car segments, it stands…

The GST Council’s decision to cut tax rates on various categories of automobiles is timely and will inject fresh momentum into the Indian automotive sector and significantly benefit first-time buyers and middle-income families, players in the auto industry said on Thursday. The simplification of tax structure and lower rates for…

The Goods and Services Tax (GST) overhaul announced by Prime Minister Narendra Modi last month is now officially in force, bringing major changes to India’s automobile taxation. Small petrol and diesel cars are set to benefit from rate cuts, but luxury vehicles and high-end electric cars will now face higher…

Carmakers and auto retailers may face a potential loss on more than 600,000 unsold vehicles due to a lack of clarity on the treatment of compensation cess of 1-22% across vehicle categories under the current goods and services tax (GST) regime. Automakers and dealers told ET the GST Act should…

Tyre maker Ceat on Tuesday said it expects the Camso brand integration with itself to give a 10-15 per cent boost to its topline. The Mumbai-headquartered firm reported revenue of Rs 13,218 crore for FY25. Last December, Ceat entered into a definitive agreement with Michelin to acquire its Camso brand’s…

New Delhi: Passenger vehicle sales fell for the fourth straight month in August with carmakers controlling dispatches to dealerships ahead of the announcement of revised GST rates later this month. As per industry estimates, as many as 330,000 vehicles were dispatched from factories to dealerships last month, a 7% decline…

Tyre maker Ceat on Monday said it has completed the acquisition of Michelin Group’s Camso off-highway tyres and tracks business. The company had entered into a definitive agreement with Michelin in December last year to acquire the business. “The integration of compact construction equipment business and the acquisition of the…

JSW MG Motor India on Monday reported a 52 per cent rise in wholesales at 6,578 units in August 2025 as compared to the same month last year. The company had sold 4,323 units in August 2024, JSW MG Motor India said in a statement. The recently commenced festive season…

New Delhi: A clear picture regarding new GST rates at the earliest will help the overall auto industry, including the luxury car segment, to regain momentum in the ongoing quarter, which generally sees enhanced sales on account of the festive season. The high-powered GST Council, chaired by Finance Minister Nirmala…

Motor vehicle theft in India has reached epidemic proportions, more than doubling in recent years despite advances in security systems, with SUVs like Hyundai Creta and Toyota Fortuner becoming prime targets of thieves, according to police recoveries. Recent recoveries of stolen vehicles underscore the obsession of thieves with modern SUVs.…

Mid-size motorcycle maker Royal Enfield on Saturday called upon the government to consider a uniform GST rate for two-wheelers, including higher capacity bikes. According to various reports, the revised GST structure could bring down the tax incidence on smaller bikes to 18 per cent while higher capacity motorcycles could come…

Indian automaker Tata Motors launched a new commercial vehicle, 9-seater Tata Winger Plus at Rs 20.60 lakh ex-showroom price (New Delhi) on Friday. Along with personal USB charging points, individual AC vents and ample leg space, Winger Plus allows real-time vehicle tracking through Tata Motors’ Fleet Edge. Built on a…

Around 10 lakh passenger vehicle units were sold in the country in the April-June quarter this fiscal, with Maharashtra leading the sales chart during the period, according to the data shared by industry body SIAM. In the April-June period, 10.12 lakh units of passenger vehicles were sold in the country,…

New Delhi: The supply constraints of rare earth magnets have hit volumes of electric vehicles, with the issue being on a day-to-day management approach, and the company is not yet out of the woods, senior officials of TVS Motor Company said on Thursday. The company and other industry players are…

Maruti Suzuki, India’s largest carmaker, expects the proposed GST reforms to revive demand for small cars, supporting growth in the broader automotive market and helping cushion the impact of high US tariffs being felt in some other sectors of the economy. “My hope and my expectation is that subject to…

Auto parts makers in India are weighing options to diversify into other markets besides setting up plants overseas to navigate the effects of 50% tariff. Nearly half of India’s auto parts exports to the US will attract the new duty effective today, doubling from the 25% tariff implemented from August…

Commercial vehicle dispatches from companies to dealers are expected to witness a volume growth of 3-5 per cent year-on-year in the current fiscal, rating agency Icra said on Wednesday. Domestic commercial vehicle wholesale volumes reported a moderate 6.1 per cent year-on-year increase in July 2025, even as volumes declined sequentially…

Automobile and consumer electronics dealers are treading cautiously ahead of the crucial festive season as they await an imminent cut in Goods and Services Tax (GST) and product prices. The dealers are going slow on adding inventory to preserve working capital and avoid locking funds in input tax credit should…

Euler Motors on Tuesday announced its entry into the commercial passenger vehicle segment with the launch of e-three-wheeler Neo HiRANGE in three variants for the last-mile connectivity. The company said it plans to roll out a dedicated umbrella brand, ‘Neo by Euler’, for the new portfolio of eCVs. The vehicles…

Mahindra & Mahindra is scouting for a land parcel to set up a greenfield manufacturing plant to ramp up production to cater to the domestic and export markets, according to a senior company executive. The Mumbai-based auto major has unveiled its all-new modular, multi-energy NU IQ platform that will support…

The domestic two-wheeler segment is expected to register a 6-9 per cent year-on-year volume growth in the current fiscal, rating firm Icra said on Monday. The growth is likely to be supported by steady replacement demand, recovery in urban consumption, healthy rural incomes aided by a normal monsoon, and a…

The domestic tyre industry is likely to register a 7-8 per cent growth in the current fiscal on the back of replacement demand, according to people tracking the sector. JK Tyre & Industries MD Anshuman Singhania said the Indian tyre industry remains an export-heavy manufacturing sector, with outbound shipments surpassing…

Renault has introduced the new Kiger in India, with prices starting from ₹6,29,995, according to information available on the company’s official website. This latest version of the 5-seater SUV features a fully revamped design, highlighted by a bold new front, muscular shoulders, and a dynamic, sporty stance. Renault Kiger dimensions…

Samvardhana Motherson International Ltd (SAMIL) has said the recently announced US tariffs on imports from India don’t have a material impact on its operations. According to the company’s latest investor presentation, exports from India to the US stood at less than USD 10 million in the first quarter of FY26.…

New Delhi: Tata Motors on Wednesday said it has forayed into the Dominican Republic market through a strategic partnership with Equimax, its authorised distributor. The launch marks a significant milestone in the company’s global expansion strategy and introduces a tailored portfolio of commercial vehicles designed to meet the evolving needs…

Passenger vehicle dispatches from companies to dealers in the domestic market declined marginally year-on-year in July, hit by muted demand, industry body SIAM said on Thursday. Passenger vehicle dispatches declined to 3,40,772 units in July, compared to 3,41,510 units in the same month last year. “All vehicle segments posted stable…

Tata Motors’ balance sheet strength will offset the impact of the demerger of its commercial vehicle business and risks associated with the proposed acquisition of Italian firm Iveco, S&P Global Ratings said on Thursday. The company’s credit profile is evolving amid the proposed acquisition of Iveco Group, the upcoming demerger…

Manufacturers of passenger vehicles, television sets and other consumer products are worried consumers may hold off purchases over the next two months in wait for the proposed GST cuts to be put in place. Company executives said this could badly dent demand during peak sale periods such as Ganesh Chaturthi,…

TVS Motor Company on Thursday expanded its electric commercial vehicle range with the introduction of a three-wheeler for the cargo segment. The company had forayed into the electric three-wheeler segment earlier this year with the launch of the King EV MAX to cater to the passenger segment. TVS King Kargo…

India’s Tata Motors returned to South Africa’s passenger vehicles market after a six-year absence, launching three ranges of SUVs and an entry-level compact hatchback to take on Chinese competitors. Growing demand for budget-friendly cars is luring global automakers to offer consumers more options, in a shift that spotlights rising reliance…

Japanese auto major Honda Motor Co Ltd on Wednesday said it has set up a subsidiary in India to offer retail sales financing services, including loans and lease sales options, to customers. Honda Finance India Pvt Ltd will offer customers retail sales financing services, including loans and lease sales options…

Hero MotoCorp unveiled the all-new Glamour X 125, priced at Rs 89,999 (drum variant) and Rs 99,999 (disc variant), ex-showroom on Tuesday. Bookings are now open both online and at dealerships, with deliveries expected to roll out soon. No longer just a modest commuter, the Glamour X 125 now arrives…

The government’s aim is to make India’s automobile industry the number one in the world in the next five years, Union Minister Nitin Gadkari said on Tuesday. Launching a report prepared by The Express Industry Council of India (EICI) and KPMG, Gadkari said the future of express industry is very…

The prices of small cars in India could see a reduction of about 8 per cent if the government decides to bring down the current Goods and Services Tax (GST) rate from 28 per cent to 18 per cent, according to a report by HSBC. The report highlighted that in…

India’s plan to overhaul its goods and services tax (GST) regime is being billed as the most sweeping reform since the levy was introduced in 2017. And for RC Bhargava, chairman of the country’s largest carmaker Maruti Suzuki, the proposed changes could be transformative.Speaking to Reuters on Monday, Bhargava called…

NEW DELHI: The proposed goods and services tax (GST) recast could perk up the small passenger car market, which has been under pressure for some time amid a growing preference for larger vehicles such as SUVs.Small cars are likely to be placed in the 18% tax slab, substantially reducing the…

In upcoming sweeping reforms, the GST on automobiles – currently in the highest tax bracket – will be restructured to resolve classification disputes related to engine capacity and vehicle size, ultimately benefiting the common man, according to government sources.Presently, automobiles are taxed at 28 per cent, which is the highest…

German luxury carmaker BMW on Thursday said it will hike prices of its vehicles across its range by up to 3% from September 1, 2025, citing the adverse impact of continued forex fluctuation and global supply chain dynamics. BMW currently sells a range of luxury cars and SUVs, including electric…

Mahindra, in partnership with Warner Bros. Discovery Global Consumer Products, has launched the BE 6 Batman Edition — a limited-run electric SUV blending modern luxury with cinematic heritage, inspired by Christopher Nolan’s acclaimed The Dark Knight Trilogy.Priced at Rs 27.79 lakh, the BE 6 Batman Edition is limited to just…

Mumbai: Mahindra & Mahindra is plotting a calibrated push into key overseas markets, anchored by a new modular platform that will spawn its next generation of SUVs. The automaker will however continue to prioritise leadership in revenue market share over sheer volume gains, said a senior company executive.“Volume share gains…

Mahindra & Mahindra Limited on Friday unveiled its all-new modular NU_IQ platform that will underpin a new range of disruptive SUVs. The company provided a glimpse of its next-generation products by showcasing four concepts based on the new platform. The NU_IQ platform emerges from the company’s strategy in the automotive…

Commercial vehicle maker Ashok Leyland on Thursday reported a 19.44% rise in consolidated net profit to ₹657.72 crore for the first quarter ended June 30, 2025, driven by record sales volumes.The company had posted a consolidated net profit of ₹550.65 crore in the same period last year, Ashok Leyland said…

Domestic passenger vehicle sales declined marginally by 0.2% in July, amid persistently sluggish consumer demand.Companies are cautiously optimistic that sales will pick up during the coming festive season, starting with Onam later this month. As many as 340,772 cars, sedans, and utility vehicles were dispatched from factories to dealerships last…

The US’s new tariffs on Indian auto components are set to cause immediate disruption, with analysts and industry experts warning that 15-20% of India’s exports to its largest auto-parts market could be lost in the short term, ToI reported. The US accounts for 27% of India’s auto component exports, meaning…

Maruti Suzuki India on Wednesday said it has inked an initial pact with Punjab National Bank to offer enhanced inventory funding solutions for its dealer network across the country. Maruti Suzuki and Punjab National Bank have signed a Memorandum of Understanding (MoU) to this effect. The collaboration aims to streamline…

Maruti Suzuki is gearing up to launch an all-new affordable SUV next month, reportedly named Escudo. Positioned between the Brezza and the Grand Vitara, it is set to rival segment leaders like the Hyundai Creta and Kia Seltos. Here’s what we know about it so far. According to reports, the…

Premium motorcycle maker Classic Legends, owner of iconic brands Yezdi, Jawa and BSA, is revving up its international ride with exports slated to start this year to markets including the UK, Europe, Australia, Japan, and Latin America, while also accelerating domestic network expansion, its top officials said on Tuesday. A…

Mumbai: Mahindra & Mahindra (M&M) has put Finnish combine harvester maker Sampo Rosenlew Oy on the block, people aware of the developments said, as India’s largest tractor manufacturer continues to sharpen focus on core businesses and redeploy capital from underperforming assets. The step is in line with Mahindra Group’s broader…

Apollo Tyres on Monday said it is setting up an outdoor tyre testing facility at Ivalo, Finland, for winter and all-season tyre evaluation. The new outdoor testing facility is expected to be fully operational by December 2025 and will immediately begin supporting ongoing product development initiatives for both existing and…

Indian auto component manufacturers have a significant opportunity to expand their exports, particularly in the independent aftermarket segment, according to a report by EY-Parthenon. The report highlighted that the global auto component market offers strong growth prospects for Indian suppliers, with countries like Brazil, Indonesia, Colombia, and various African regions…

Eleven years ago, just a month into his tenure at the Mahindra Group, Anish Shah said no to a proposal that his billionaire boss, Anand Mahindra, was planning to take to the board. Shah’s viewpoint prevailed, and the board ultimately rejected the proposal. Today, as Group CEO and MD, Shah…

Auto components maker Tata AutoComp Systems on Thursday said it has signed a pact to fully acquire Slovakia-based IAC Group. The company, however, did not disclose the financial details of the transaction. The company, through its British subsidiary Artifex Interior Systems Limited (Artifex), has entered into a conditional agreement to…

India is rapidly becoming a central pillar of the China+1 strategy adopted by global auto OEMs, as companies look to diversify their supply chains and reduce dependency on China, according to a joint report by EY and Parthenon. “India is becoming a key pillar to the China+1 strategy being adopted…

KTM India on Thursday teased its its new motorcycle on social media. Though the company did not mention which model was in line for the release, it is widely expected to be the KTM 160 Duke. The post was captioned ““The streets are ready. Are you?” This comes following the…

Rare earth magnets shortage issue has had no impact on production of Tata Motors and JLR’s electric vehicles and is unlikely to affect in the foreseeable future, although there are a few challenges in the coming quarters, Tata Motors Group CFO P B Balaji said on Friday. In an earnings…

Total retail sales of passenger vehicles, two-wheelers, three-wheelers, tractors, and commercial vehicles in India fell 4.31% year-on-year in July to 1.96 million units, on a high base, and reflecting sluggish consumer demand. Retail sales of both passenger vehicles and two-wheelers fell during the month while commercial vehicle sales remained flat.…

Bosch Ltd on Thursday said it has received demand of over Rs 140 crore, along with interest, from the customs authority for differential duty on account of the interpretation of the classification of oxygen sensors. The company has received an order passed by the Principal Commissioner of Customs (Import) Air…

Tata Motors group CFO PB Balaji’s elevation as Jaguar Land Rover CEO comes with a clear mandate: tighten the balance sheet, inject a strong focus on winning customers, and make the iconic British automaker more agile in responding to demand-supply volatility in the global automotive market. His appointment signals a…

Commodity prices are climbing again after a softer second half of FY25, prompting Indian auto companies to make small price hikes to cushion the impact. Analysts have warned of rising raw material costs, particularly steel, through the last quarter and into the current one. While automakers are attempting to absorb…

Monthly SUV sales in India fell for the first time in more than five years in June, weighed down by IT sector layoffs, geopolitical uncertainties and macro challenges. The sport utility vehicle segment has been the key driver of demand in the passenger vehicle market for nearly a decade now.…

The death of industrialist Sunjay Kapur has been found to be due to natural causes as per the UK authorities, amid allegations of a foulplay by his mother Rani Kapur. Kapur, the former Chairman of auto components major Sona BLW Precision Forgings (Sona Comstar), passed away due to left ventricular…

Mumbai: India’s ultra-luxury car market, worth an estimated ₹2,000 crore annually, is facing uncertainty due to a lack of clarity on the timeline for rollout of the UK-India Free Trade Agreement (FTA). At stake are British marques such as Rolls-Royce, Aston Martin, Bentley and McLaren besides some models from Jaguar…

Domestic passenger vehicle sales rose about 1% in July, marking a slight recovery after two straight months of decline, amid persistently sluggish consumer demand. Companies are cautiously optimistic that sales will accelerate further during the coming festive season, starting with Onam in August. As many as 348,000 cars, sedans, and…

New Delhi: The 25 per cent US tariff on Indian exports places domestic auto component industry and tyre makers in an unfavourable position as compared with Asian peers like Japan, Vietnam, and Indonesia, which face lower duties, rating firm Icra said on Saturday. The US administration has announced imposition of…

Mahindra & Mahindra plans to manage rare earth magnet supplies through alternative sourcing channels for the next nine months and will pursue ‘engineering efforts’ to address the raw material shortage situation amid growing product portfolio, according to a senior company executive. The imposition of export restrictions by China on key…

Mahindra & Mahindra (M&M) has acquired 58.96% controlling stake in SML Isuzu with a total investment of INR 555 crore. SML Isuzu Ltd. will be renamed to ‘SML Mahindra Limited’ after regulatory approvals. In April 2025, M&M entered into an agreement to acquire a 58.96% equity stake in SML at…

Mumbai: Mahindra & Mahindra (M&M) has completed the acquisition of a 58.96% controlling stake in SML Isuzu from Japan’s Sumitomo Corporation and Isuzu Motors, taking it a step closer to its ambition of expanding further in the commercial vehicle space. As part of the acquisition, the company has restructured the…

The Mahindra Group has announced a one-time employee stock ownership plan (Esop) grant for 12,000-14,000 employees, including shop floor workers for the first time ever. The move across three core companies—Mahindra & Mahindra (auto and farm sector), Mahindra Electric Automobile and Mahindra Last Mile Mobility —comes amid surging sales and…

Honda Cars India on Friday reported a 3 per cent year-on-year increase in total sales to 7,524 units in July. Domestic sales of the company stood at 4,050 units and exports at 3,474 units. “Demand remained subdued in July 2025, and we accordingly aligned our dispatches to ensure optimum inventory…

The chief executive of Jaguar Land Rover, Adrian Mardell, will step down after more than three decades at the company, a spokesperson for the automaker said on Thursday. “Adrian Mardell has expressed his desire to retire from JLR after three years as CEO and 35 years with the company,” the…

Triumph Motorcycles is all set to launch its much-anticipated café racer, the Thruxton 400, in India on August 6, 2025. Recently spotted in a production-ready avatar during a TV commercial shoot in Pune, the motorcycle’s appearance confirms that the official debut is just around the corner. Now according to reports,…

MUMBAI: Tata Motors has agreed to acquire Italian commercial vehicle maker Iveco in what would become its largest-ever acquisition, surpassing the 2008 Jaguar Land Rover (JLR) deal. The acquisition of Iveco, Europe’s fourth-largest truck and bus maker maker, is widely seen as a strategic move by Tata Motors to elevate…

Hyundai Motor India on Wednesday said the company is not facing any production issues due to the shortage of rare earth magnets. Replying to a query in the company’s earnings conference call, Hyundai Motor India Head of Investor Relations K S Hariharan noted that the company is maintaining an adequate…

Mumbai: Tata Motors is all set to buy Italian truck maker Iveco from its principal shareholder, the Agnelli family, for $4.5 billion (3.9 billion, making it the Tata Group’s second-largest acquisition after Corus and the largest ever for the automobile major, people aware of the discussions told ET. In 2008,…

The competitiveness of Indian tyre manufacturers in the British market will be strengthened as a result of the removal of import duties under the India-UK free trade agreement, Automotive Tyre Manufacturers’ Association said on Tuesday. Welcoming the Comprehensive Economic and Trade Agreement (CETA) between India and the UK, Automotive Tyre…

Sona BLW Precision Forgings (Sona Comstar) has cranked up the heat by issuing a cease-and-desist notice to Rani Kapur, mother of Sunjay Kapur, the former chairman of the company, to restrain her from spreading unlawful and defamatory information, said people in the know. Claiming significant reputational and financial damages solely…

The Competition Commission of India, the chief national competition regulator, on Monday announced that it has approved the acquisition of certain shareholding of Renault Nissan Automotive India Private Limited by Renault Group B.V. and Renault S.A.S. “C-2025/05/1286: CCI approves the proposed acquisition of certain shareholding of Renault Nissan Automotive India…

The Indian auto industry is expected to experience subdued growth in FY26, with most segments anticipating low to mid-single-digit growth, as revealed in a recent report by Motilal Oswal. Motilal Oswal report believes that the Indian Automobile industry is likely to witness just 6-7 per cent of growth rate for…

Maruti Suzuki on Friday announced standardization of 6 Airbags in Fronx, resulting in 0.5% hike in average price. The increased price is said to come into effect from today July 25, 2025. On Thursday, Maruti Suzuki announced that Fronx has become the fastest SUV from India to clock export of…

The Federation of Automobile Dealers Associations has sought the Reserve Bank of India’s intervention against alleged delays by private banks in transmission of the interest rate cuts to automobile buyers. In a letter to RBI Governor Sanjay Malhotra, the Federation of Automobile Dealers Associations (FADA) also called for a review…

Shareholders of auto components maker Sona BLW Precision Forgings Ltd have approved the appointment of Priya Sachdev Kapur as a non-executive director, the company said in a regulatory filing. Priya, the wife of late chairman Sunjay Kapur, was appointed as an Additional Director in the capacity of Non-Executive Director with…

Auto components major Sona BLW Precision Forgings (Sona Comstar) went ahead with its Annual General Meeting (AGM) on Friday despite a written appeal from Rani Kapur, the mother of late Chairman Sunjay Kapur, to defer the meeting. In a letter dated July 24 and addressed to the company’s board and…

Auto components major Sona BLW Precision Forgings Ltd (Sona Comstar) on Friday said it did not defer its Annual General Meeting despite an email request from Rani Kapur, former Chairperson of the co and widow of late industrialist Dr Surinder Kapur, clarifying that she is not a shareholder of the…

Mumbai: India will slash duties on high-end cars from the United Kingdom under the free-trade deal signed on Thursday, while protecting the mass-market segment where Indian manufacturers are gaining global ground. “Vehicles priced below £40,000 (about Rs 46 lakh including cost, insurance and freight), where Indian automakers are highly active,…

The India-UK trade deal is expected to usher in a new era of economic cooperation, foster greater market access, technology partnerships, and value chain integration between the Indian and British automotive industries, the Automotive Component Manufacturers Association of India (ACMA) said on Thursday. The pact, officially called the Comprehensive Economic…

Shally Seth Mohile Mumbai: Renault plans to more than double component sourcing from India to ₹400 million (about ₹4,055 crore) over the next five years, a senior executive said, as the automaker sharpens focus on making the country a key part of its global supply chain. The company currently buys…

Renault has unveiled the 2025 Triber facelift in India, bringing a refreshed design, upgraded features, and new colour options to the popular 7-seater compact MPV. Offered in four variants—Authentic, Evolution, Techno, and Emotion—the new Triber is priced from Rs 6.29 lakh to Rs 9.16 lakh (ex-showroom, pan-India), and from Rs…

Hyundai Motor India Ltd on Tuesday said it has received a demand of Rs 517.34 crore from tax authorities, along with penalty, for alleged short payment of GST compensation cess on its certain SUV models. The company has received an order from Commissioner (Appeals), CGST Dept, Tamil Nadu, confirming GST…

French automaker Renault Group on Monday announced the appointment of Stephane Deblaise as Chief Executive Officer, Indian operations, effective September 1, 2025. In the role, he will be responsible for defining and executing the group’s strategy in India, the automaker said in a statement. All Renault Group entities in the…

Maruti Suzuki plans to set up 500 service centres during FY 2025-26 out of which 91 facilities are already set up, the company announced on Monday. The company has expanded its service network to 5,500 service touchpoints across 2,764 cities, with the latest centre inaugurated in Udaipur, Rajasthan. The new…

The MG M9 stands out with its trapezoidal mesh grille, split LED headlamps, and connected DRLs, creating a strong road presence. At the rear, a waterfall-style LED taillight completes its unique look. The car comes in three elegant colours: Pearl Lustre White, Metal Black, and Concrete Grey, and rides on…

Erratic rains and stagnating farm incomes hit motorcycle sales, especially at the entry-level, impacting overall two-wheeler volumes in the June quarter, said a top executive at Honda Motorcycle & Scooter India (HMSI), the country’s second largest two-wheeler maker. The executive is however optimistic of a demand revival in the coming…

Japanese auto major Honda is targeting a 30 % share in the Indian two-wheeler market by 2030, as it chases the goal to achieve half of global two-wheeler sales in the long term, according to a top official of the company’s arm in India. The company’s arm, Honda Motorcycle &…

New Delhi: Demand for strong hybrid cars is growing at a pace similar to electric vehicles (EVs) despite limited offerings, and government incentives promoting the latter, prompting carmakers to line up more hybrid models to meet increasing customer demand amid high fuel prices. There are only about five strong hybrid…

Wheels India Ltd, a leading manufacturer of wheels for trucks, agricultural tractors, and passenger vehicles, is betting big on its exports business and has made inroads in the construction and tractor segments, a top official said. The city-based company was also confident that the overseas business to grow this year…

British luxury carmaker Jaguar Land Rover has delayed the launch of its electric Range Rover and Jaguar models to allow time for more testing and for demand to pick up, The Guardian reported on Friday. JLR has told customers deliveries of the Range Rover Electric will not start until next…

Italy’s Agnelli family is in talks over the possible sale of truck maker Iveco, three sources told Reuters, with two mentioning Tata Motors as a potential buyer. India’s Tata Motors has approached Exor, the Agnellis’ investment company, over its controlling stake in Iveco Group, two of the sources said. A…

Hindustan Motors Ltd on Tuesday alleged that the West Bengal government unlawfully took possession of its plant in Hooghly district without notice, though the matter is pending in the Supreme Court. Responding to the accusation, a senior official said the state government had taken back 395 acres of land in…

Automotive technology provider Pricol Ltd has entered into a Technology License Agreement with Italy-based Domino S.r.I , a global leader in motorcycle control systems, a top official said on Tuesday. The partnership between the two entities aims to expand two-wheeler handlebar control technologies such as throttles, switches and allied products…

The sales volume of used cars is expected to grow 8 to 10 per cent in the 2025-26 fiscal, according to a report by Crisil Ratings. Driven by rising digital adoption and better access to finance, the sales volume is likely to touch around six million units this fiscal, it…

Two-wheeler manufacturer Hero MotoCorp is set to expand its global presence by entering Germany, France, Spain and the UK in the second quarter of 2025-26, said Chairman Pawan Munjal. Munjal, in his address to stakeholders of the company, said Hero MotoCorp is “Investing in the future — India and beyond”.…

Paris: Stellantis is considering a fresh round of investment in India, as the Dutch group that owns automotive brands like Fiat, Jeep, Chrysler and Peugeot aims to grow its retail network and launch new products in a market where its current share is under 1%. The company, the world’s fourth-largest…

Mercedes Benz India plans to hike prices by 1-1.5 per cent from September to mitigate the impact of a weak rupee against the euro, according to its MD and CEO Santosh Iyer. The luxury car market leader has already hiked vehicle prices twice this year, first in January and then…

Kia India on Friday said it has appointed Atul Sood as Senior Vice President – Sales & Marketing, with immediate effect. He will report to Joonsu Cho, Chief Sales Officer, Kia India and will lead the brand’s nationwide sales strategy and operations, the automaker said in a statement. Sood brings…

India’s auto original equipment manufacturers (OEMs) are likely to witness margin pressures in Q1FY26E, impacted by higher raw material (RM) costs and operating deleverage, according to a report by HDFC Securities. The report added that elevated prices of key inputs, particularly steel and platinum group metals, are expected to weigh…

New Delhi: Luxury vehicle sales in India lost momentum in the first half of 2025, as stock market uncertainty and geopolitical tensions made buyers wary, industry executives said. Some 22,900 luxury cars were sold in the first six months of the year, according to industry estimates-an increase of 1.8% over…

German luxury carmaker Mercedes-Benz said its first-quarter sales in India hit an all-time high, rising 10% to 4,238 units, on strong demand for its high-end models and electric vehicles (EVs). Demand for luxury models in India, the world’s third-largest car market, has steadily risen over the last few years as…

New Delhi: Tata Motors, Mahindra & Mahindra (M&M), Bajaj Auto, Ola Electric Technologies and TVS Motor Company could raise claims totalling more than ₹2,000 crore this fiscal year under the Production Linked Incentive (PLI) scheme for automobiles, according to a government assessment. Officials said these claims are for investment and…

JSW MG Motor on Wednesday said the global shortage of rare earth magnets, a key component in motors used for electric vehicles, has not impacted its production currently and is unlikely to impact it in the immediate future, but it is keeping a close watch on the developments. The company,…

JSW Group plans to raise its stake in JSW MG Motor India, its car manufacturing joint venture with SAIC Motor. The Chinese company has decided against committing further capital to India, instead prioritising investments at home and in Europe. Parth Jindal, director of JSW MG, told ET the group wants…

After enduring a challenging year in FY25, Apollo Tyres is looking forward with optimism to the opportunities as it sharpens execution and investment in future-ready capabilities, according to company Chairman Onkar Kanwar. In his address to shareholders in the company’s annual report for 2024-25, Kanwar said the company has already…

Mumbai: More than 60% of Uber customers in India are currently opting for two- and three-wheelers, marking a shift in consumer mobility preferences at the ride-hailing platform from passenger vehicles. Uber, which leads India’s ride-hailing market, employs about 1.4 million driver partners, up from 1 million in 2024, reflecting steady…

Tata Motors on Tuesday reported a 9 per cent dip in total global sales to 2,99,664 units in the June quarter. The company had sold 3,29,847 units in the April-June quarter of FY25. Global wholesales of passenger vehicles were lower by 10 per cent year-on-year at 1,24,809 units in the…

New Delhi: Vehicle registrations, a proxy for retail sales, increased by 4.8% to more than 2 million units in June with plentiful monsoon rains, and higher government spending helping support demand for two-wheelers, tractors, and construction equipment. Retail sales of passenger vehicles grew 2.4% last month to 297,722 units, and…

Companies involved in the sale of second-hand cars saw a rise in queries from customers during the first three days of the fuel ban on overage vehicles, with customers from other parts of the country inquiring about getting cars from Delhi at throwaway prices. The ‘no fuel’ to end-of-life vehicles…

European auto major Stellantis believes a long-term stable policy framework and its uniform roll-out across different states in India is critical for automakers to execute business plans on a long-term basis. Stellantis, which has presence in India through brands like Jeep and Citroen, feels that policy framework should work informally…

Nissan Motor is in discussions with Taiwan’s Foxconn about a collaboration in electric vehicles that could save its Oppama plant in Japan from closure, the Nikkei business daily reported on Sunday, citing an unidentified Nissan source. Nissan’s Oppama plant, which employs about 3,900 workers, has been a potential consolidation target…

Prices of second-hand cars in the national capital have witnessed a sharp fall in recent days, with traders reporting a decline of 40 to 50 per cent, the Chamber of Trade and Industry (CTI) said on Friday. CTI Chairman Brijesh Goyal said the market for overage vehicles in Delhi has…

Mumbai | New Delhi: Two-wheeler manufacturers are likely to approach the government to seek a deferral of the proposed safety regulation mandating anti-lock braking systems (ABS) across all two-wheeler models from January 1, 2026, citing implementation challenges and capacity constraints. On June 27, the Ministry of Road Transport and Highways…

India is in the process of holding consultations ahead of the formalisation of CAFE (Corporate Average Fuel Efficiency) 3 norms, scheduled to come into force from April 1, 2027. India currently caps average emissions of all passenger vehicles weighing less than 3,500 kg sold by each manufacturer at 113 gm…

French carmaker Renault SA is in early talks with JSW Group for a potential joint venture in India, Bloomberg reported, quoting people familiar with the matter, as the French carmaker looks to strengthen its position in one of the world’s fastest-growing auto markets while restructuring ties with longtime partner Nissan…

New Delhi: The next edition of Bharat Mobility Global Expo will be held from February 4-9 in 2027 National Capital Region of Delhi, the commerce and industry ministry said Thursday. The first two editions were held in 2024 and 2025. Noting that new segments are being considered in the 2027…

Triumph has announced a limited-time offer on its Speed 400 motorcycle in India, providing free accessories worth Rs 7,600 till July 31, 2025. Alongside the offer, Triumph has also unveiled a new black-and-white colour variant with a gold streak for the Speed 400 in international markets, which is expected to…

Tata Motors, Mahindra & Mahindra, JSW MG Motor India and Toyota Kirloskar Motor have come out against market leader Maruti Suzuki’s proposal to ease fuel efficiency norms for small cars in the upcoming third edition of Corporate Average Fuel Efficiency (CAFE 3) standards. CAFE 3 regulatory norms aimed at reducing…

Chennai: Daimler India Commercial Vehicles, a subsidiary of German truck maker Daimler Truck AG, rolled out a new range of vehicles in the construction and mining segment, a top official said on Wednesday. The company launched the ‘BharatBenz’ brand trucks-comprising the “HX” and “TorqShift” series-at its factory in Oragadam, about…

Hero MotoCorp on Tuesday said its total sales increased by 10 per cent year-on-year to 5,53,963 units in June. The company sold 5,03,448 units in June last year. Domestic dispatches to dealers rose to 5,25,136 units last month, as compared to 4,91,416 units in the year-ago period, the two-wheeler maker…

Luxury carmaker Audi on Tuesday said its half-yearly retail sales declined 14 per cent year-on-year to 2,128 units. The company sold 2,477 units in the January-June period of last year. The brand with the four rings is facing headwinds as slowing demand — driven by price increases from a weakening…

Maharashtra has hiked taxes on vehicles by up to Rs 10 lakh, according to a report in the Times of India. As per the report, buying a CNG, LNG, or high-end vehicle in Maharashtra will get more expensive from July 1, as the state transport department rolls out a hike…

India stands uniquely poised to emerge as a global manufacturing powerhouse amid the challenging geopolitical environment, according to Mahindra & Mahindra Group CEO and Managing Director Anish Shah. Addressing shareholders in the group’s Annual Report for 2024-25, Shah noted that with its growing infrastructure, young workforce, and favourable policies, India’s…

Moscow’s troops seized it as part of their summer offensive, which has achieved steady gains across Donetsk. Russian forces have seized control of a valuable lithium deposit in the Donetsk region of eastern Ukraine, depriving the country of a critical asset that could have helped support a new economic partnership…

Wendt (India) Ltd, an abrasive and precision component manufacturer, will continue to focus on product development, new customer acquisition, price correction among others, aimed at boosting business growth, the company said on Sunday. The company, part of the diversified conglomerate Murugappa Group, would also take initiatives on identifying and onboarding…

India is considering relaxing fuel efficiency norms for small cars after lobbying by Maruti Suzuki, which has seen sales of such cars drop amid an SUV boom, industry and government sources told Reuters. Small cars have been key to Maruti’s success in India and account for most of its sales…

Mercedes-Benz India on Friday has launched two exciting new luxury sports cars in India, the AMG GT 63 4MATIC+ and the even faster GT 63 PRO 4MATIC+. These powerful cars come with racing technology, hand-built engines, and top-class performance, starting at a price of Rs 3 crore. “These cars are…

Mercedes-Benz India faced a 13% increase in cost over the past year as the rupee continued to weaken against the euro, inflating the cost of imported parts. The Indian arm of the German luxury carmaker, which imports about 70% of its components, responded with calibrated price hikes, Santosh Iyer, managing…

TVS Motor Company on Friday launched the latest version of its popular motorcycle, the Apache RTR 160, with a starting price of Rs 1.34 lakh (ex-showroom). The 2025 model comes with several upgrades, including dual-channel ABS, which makes braking safer and more stable, especially during emergencies or wet road conditions.…

TVS Srichakra Ltd, makers of two and three wheeler tyres under the ‘Eurogrip Tyres’ brand, has expanded its retail footprint in Tamil Nadu, with the inauguration of two new flagship stores in the city. The Tamil Nadu-based company operates exclusive stores in Mysuru, Ahmedabad, Patna, Farrukhabad, Hyderabad and Chennai. The…

JSW MG Motor India on Wednesday said it will hike prices of its vehicles by up to 1.5 per cent across most of its offerings from July 1. This revision is being done to mitigate the impact of rising input costs and other macroeconomic factors, the company said in a…

New Delhi: Auto parts maker Sona Comstar has firmed up plans to diversify operations and double the share of revenue to 50% from markets like Japan, China and India amid rising geopolitical tensions in the West. Speaking to ET, MD & group CEO Vivek Vikram Singh said, management structures were…

Tata Motors group is better equipped to deal with supply chain challenges arising from the ongoing Israel-Iran clash, China’s restriction of rare earth magnet exports and global tariff war, having learnt from the semiconductor crisis during the COVID-19 pandemic, top company officials said on Tuesday. Jaguar Land Rover (JLR), the…

British auto maker Jaguar Land Rover (JLR) will start assembling its luxury vehicles from completely knocked down (CKD) kits at its upcoming factory in Tamil Nadu by early 2026, said senior executives at parent Tata Motors on Tuesday. However, Tata Motors has deferred the launch of its flagship Avinya brand…

Maruti Suzuki is reportedly preparing to introduce a new mid-size SUV in the Indian market, expected to be called the Escudo. The model, rumored to carry the internal codename Y17, will likely be positioned between the Brezza and the Grand Vitara and sold through the company’s Arena dealerships, as per…

The government may consider a differentiated structure based on vehicle size while framing the third edition of CAFE (Corporate Average Fuel Efficiency) norms, aimed at enhancing fuel economy of all vehicles and curbing carbon emissions. The new rules are expected to be rolled out from April 1, 2027. People in…

Facing a severe supply crunch of rare earth magnets after export restrictions imposed by China, several companies, including homegrown advanced material entities, have approached the Indian government with proposals to build in-house magnet supply chains, ToI reported. These companies have made presentations to the government, including the Ministry of Heavy…

European mass market automotive brands Renault, Volkswagen, and Skoda continue to struggle to enhance presence in the Indian market, witnessing sales decline in the last three financial years, industry data showed. According to data by JATO Dynamics, a leading provider of data and analytics to the global automotive industry, Renault…

European mass market car manufacturers like Renault, Volkswagen and Skoda continue to find it hard to expand their presence in the India market, witnessing a decline in sales in the last three financial years, industry data showed. According to data released by JATO Dynamics, a leading provider of data and…

Honda Cars India Ltd. (HCIL) has unveiled the New City Sport, an exclusive new variant of its popular mid-size sedan, bringing a fresh wave of style and dynamism aimed at young, spirited car buyers. Sporting the tagline “Life is a Sport”, the City Sport is designed to reflect boldness, individuality,…

Mumbai: Tata Motors is working with the government and is also taking steps to procure magnets from alternate sources in the wake of China restricting exports of rare earth elements, company Chairman N Chandrasekaran told its shareholders on Friday. Responding to queries from shareholders on the impact of China’s move…

Mumbai: Tata Motors chairman N. Chandrasekaran on Friday told shareholders that the company is accelerating its electric vehicle (EV) strategy, even as it closely monitors supply chain and geopolitical risks that could affect growth. Speaking at the company’s 80th annual general meeting, Chandrasekaran said, “We expect to reach 30% EV…

The Maruti Suzuki Swift, a name that has become almost synonymous with the Indian hatchback segment, has completed 20 years on Indian roads. Since its launch in May 2005, the Swift has seen four generations, sold over 30 lakh units in India, and now holds a 31 % share in…

Anti-lock braking systems (ABS) will become mandatory for all two-wheelers sold in the country from January 1 as part of a proposed new safety regulation by the government. The Ministry of Road Transport and Highways is likely to issue a notification soon on the matter, said people aware of the…

Under the “Make in India” initiative, the Marhowrah Diesel Locomotive Factory in Bihar is set to export 150 Evolution Series ES43ACmi locomotives–built in collaboration with Wabtec–to power Guinea’s Simandou iron ore project. This landmark deal, valued at over Rs 3,000 crore, marks a significant boost to India’s international railway manufacturing…

Hero MotoCorp announced a subscription-based battery model for its upcoming VIDA VX2 electric scooter, starting July 1. The company’s battery-as-a-service (BaaS) offering is aimed at reducing the upfront cost of electric vehicle (EV) ownership and making the product accessible to a broader customer base. The company has yet to disclose…

Tractor sales in India are likely to see a moderate growth of 4-7 per cent in 2025-26 on the back of a favourable monsoon forecast, which is expected to support agricultural production, ratings agency ICRA said on Wednesday. Pre-buying ahead of the TREM V emission norms, proposed to take effect…

The Competition Commission of India (CCI) on Tuesday cleared Mahindra & Mahindra’s proposed acquisition of a nearly 59 per cent stake in commercial vehicle maker SML Isuzu for Rs 555 crore. Mahindra & Mahindra in April announced the acquisition of a 58.96 per cent stake in SML Isuzu for Rs…

TVS Motor Company on Tuesday announced its foray into the Indonesian electric two-wheeler market with its all-electric scooter iQube. The company’s arm PT TVS Motor has opened bookings for iQube in Indonesia at an introductory price of IDR 29.9 million (around Rs 1.6 lakh), TVS Motor Company said in a…

The automotive industry continues its lead over other sectors in terms of pay hikes, offering double-digit increments, outperforming average single-digit raises for most of India Inc. Automotive companies will likely issue a 10.1% salary hike for FY25 compared to an average more than 8% for other Indian corporates, according to…

Mumbai: Domestic passenger vehicle dispatches counted as sales, remained largely unchanged in May 2025, rising just 0.8% year-on-year to 3,03,099 units from 3,00,795 units in the same month last year, as a decline in car sales offset strong growth in the utility vehicle segment. According to data released by the…

New Delhi: Rare earth magnets, low in cost but critical in function, could emerge as a key supply-side risk for India’s automotive sector if China’s export restrictions and delays in shipment clearances persist, according to a report by Crisil Ratings. The rating agency said this week that a disruption lasting…

Maruti Suzuki India has signed an MoU with Equitas Small Finance Bank, entering into a strategic vehicle financing partnership for customers. The carmaker said in a statement this week that this collaboration, which aims to provide retail financing solutions for new, used, and commercial vehicles, will enhance the accessibility and…

Maruti Suzuki India on Thursday said it is exploring multiple solutions to ensure continuity in its manufacturing operations amid the ongoing rare earth magnet shortage issue. The country’s largest carmaker noted that there is a lot of uncertainty due to the situation, but so far, there is no impact on…

Mercedes-Benz India aims to introduce more special edition trims offering customisation, leveraging expertise of German automaker’s Bengaluru-based global R&D centre, a top company official said on Thursday. The luxury carmaker on Thursday introduced AMG G 63 ‘Collector’s Edition’ priced at Rs 4.3 crore (all-India ex-showroom). The company will roll out…

Leading car maker Maruti Suzuki India Ltd has partnered with private sector Equitas Small Finance Bank to offer vehicle financing options to its customers, a company official said on Friday. A memorandum of understanding between the two entities was signed with an aim to provide retail financing options for new…

Czech carmaker Skoda is looking to scale up its pre-owned car business, enter the CNG segment and expand sales network as it aims to double volumes in the Indian market this year, according to a top company executive. The carmaker, which sold around 36,000 units in the country last year,…

Squeezed for supplies, automakers have made a three-pronged suggestion to improve supplies of rare earth magnets over the next three years to reduce dependence on China. The Indian auto industry made a presentation to the ministry of heavy industries last week detailing strategies to attain self-sufficiency in supply chains. It…

Mercedes-Benz has launched the limited-run AMG G63 ‘Collector’s Edition’ in India at a starting price of ₹4.30 crore (ex-showroom), making it ₹66 lakh costlier than the standard model. Teased just days ago, this India-exclusive edition is limited to only 30 units, with bookings now open and deliveries scheduled for Q4…

New Delhi: Maruti Suzuki, the country’s largest carmaker, on Wednesday said it will equip all its passenger vehicles with six airbags by the end of this year. The company offers 10 models with six airbags as a standard feature across variants. These models are Alto K10, Celerio, WagonR, Eeco, Swift,…

Auto components maker Minda Corporation on Wednesday said it has inked a joint venture agreement with Japanese firm Toyodenso Co for advance automotive switches for the Indian market. The partnership will provide end-to-end solutions including design, development, manufacturing and marketing of switches for two-wheelers, passenger cars and other automotive segments…

The country’s largest carmaker Maruti Suzuki India is recalibrating production of its upcoming model e VITARA due to the shortage of rare earth magnets, industry sources said. The auto major is looking to produce around 8,000 units of the model by September as against the earlier stated plan of rolling…

A disruption in rare earth magnet supplies lasting beyond a month can impact production of passenger vehicles, including electric models, weighing on the domestic automobile industry’s growth momentum, a report on Tuesday said. Rare earth magnets, low in cost but critical in function, could emerge as a key supply-side risk…

Frank Eckard, CEO of a German magnet maker, has been fielding a flood of calls in recent weeks. Exasperated automakers and parts suppliers have been desperate to find alternative sources of magnets, which are in short supply due to Chinese export curbs. Some told Eckard their factories could be idled…

Tata Motors has shared ambitious plans to stay ahead of its peers and gain greater market share in Indian passenger vehicle market with Rs 33,000 crore to Rs 35,000 crore cheque it plans to keep ready for investments. The Indian automaker also set its sights on expanding its passenger vehicle…

The automobile industry has sought government support in expediting approvals from the Chinese government for importing rare earth magnets used in various applications, including passenger cars. As per the industry sources, various domestic suppliers have already sought approval from the Chinese government through their local vendors in China. However, no…

The Indian automobile industry is facing a significant challenge due to recent restrictions imposed by the Chinese government on the export of rare earth magnets. These magnets are critical components in many applications, including passenger vehicles and electric vehicles (EVs). Suppliers have been attempting to secure approvals from China through…

New Delhi, The decision of the Reserve Bank to cut policy rate by 50 basis points will have a positive impact on the automobile sector as it will make loans cheaper, industry body SIAM said on Friday. The RBI on Friday cut repo rate by a higher-than-expected 50 basis points…

Vehicle registrations – a proxy for retail sales – increased by 5% to 2.21 million units in May on back of demand for two-wheelers, three-wheelers and tractors. As per data collated by industry body Federation of Automobile Dealers Associations (FADA) from the VAHAN portal of the Ministry of Road Transport…