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Car dealers to register rise in revenue on higher sales in 2025-26 The domestic Passenger Vehicle (PV) dealership industry will see a revenue growth of around 100 Basis Points (BPS) in the current financial year, supported by a revival in sales volume even as realisations remain range-bound, according to a Crisil Ratings report released on Thursday.  Crisil Ratings director Himank Sharma said, “Increasing urban disposable incomes backed by revision in tax slabs, interest rate cuts and a benign inflation, and sustained popularity of SUVs, will f...
Car dealers to register rise in revenue on higher sales in 2025-26
Car dealers to register rise in revenue on higher sales in 2025-26
Source: IANS
2025-05-15 06:10:23 pm
Tata Motors' net profit tanks 51 pc to Rs 8,470 crore in Q4 Tata Motors on Tuesday reported a sharp 51 percent drop in its consolidated net profit for the fourth quarter (Q4) of FY25, even as revenue remained steady and its Jaguar Land Rover (JLR) business posted growth.  The company’s net profit stood at Rs 8,470 crore for the January-March 2025 period, down from Rs 17,407 crore reported in the same quarter last fiscal, according to a regulatory filing. Despite the profit decline, Tata Motors' consolidated revenue from operations...
Tata Motors' net profit tanks 51 pc to Rs 8,470 crore in Q4
Tata Motors' net profit tanks 51 pc to Rs 8,470 crore in Q4
Source: IANS
2025-05-13 06:24:25 pm
Kia reports record EV sales in Europe in first quarter Kia, South Korea's second-biggest carmaker, sold a record number of electric vehicles (EVs) in Europe in the first quarter, data showed on Tuesday.  Kia sold 27,761 EVs during the January-March period in the European market, a 17 percent increase from the previous record set in the third quarter of 2023, according to the data provided by the company, reports Yonhap news agency. The proportion of EVs in the company's overall vehicle sales in Europe also surpassed the 20 perc...
Kia reports record EV sales in Europe in first quarter
Kia reports record EV sales in Europe in first quarter
Source: IANS
2025-05-07 08:55:38 am
Audi India to raise prices by up to 2 pc due to hike in exchange rate, input cost German luxury car manufacturer Audi India on Friday announced a price increase of up to 2 per cent across its model range, due to hike in the exchange rate and input cost.  The ex-showroom price of models will increase up to 2 per cent from May 15 onwards, said the automaker in a statement. “We are implementing a price adjustment of up to 2 per cent due to increase in the exchange rate and input cost,” said Balbir Singh Dhillon, Head of Audi India. “This correc...
Audi India to raise prices by up to 2 pc due to hike in exchange rate, input cost
Audi India to raise prices by up to 2 pc due to hike in exchange rate, input cost
Source: IANS
2025-05-03 09:08:45 am
Sales of Hyundai, Kia vehicles rise 16 pc in US in April Hyundai Motor and its affiliate Kia said on Friday their combined vehicle sales in the United States surged 16 per cent in April from a year earlier, driven by strong demand for sport utility vehicles (SUVs).  Hyundai and Kia sold a total of 162,615 vehicles in the U.S. last month, up from 139,865 units a year ago, according to the companies' sales data. Hyundai's vehicle sales jumped 19 percent to 81,503 units from 74,111 over the cited period, while those of Kia advanced ...
Sales of Hyundai, Kia vehicles rise 16 pc in US in April
Sales of Hyundai, Kia vehicles rise 16 pc in US in April
Source: IANS
2025-05-03 08:50:36 am
Mahindra, Toyota Kirloskar, Kia clock robust growth in SUV sales in April SUV sales accelerated in the Indian market during April with automakers such as Mahindra & Mahindra, Toyota Kirloskar Motor and Kia Motors recording robust double digit growth during the month.   Mahindra & Mahindra sold 52,330 SUVs in the domestic market during the month, reflecting a strong 28 per cent growth over the same month last year with its models such as the Scorpio, Thar, and XUV doing well in the market. Together with exports, the company’s sales in this ...
Mahindra, Toyota Kirloskar, Kia clock robust growth in SUV sales in April
Mahindra, Toyota Kirloskar, Kia clock robust growth in SUV sales in April
Source: IANS
2025-05-01 04:59:29 pm
US sales of Hyundai Palisade SUV exceed 500,000 units Hyundai Motor, South Korea's top automaker, said on Sunday it has sold over 500,000 units of the Palisade sport utility vehicle (SUV) in the United States, as automakers scramble to navigate the global trade turmoil.  The cumulative sales of the Palisade in the United States reached 506,425 units as of the end of last month, according to Hyundai's sales data. Hyundai Motor launched the first-generation Palisade SUV in the U.S. market six years ago in 2019. The second-genera...
US sales of Hyundai Palisade SUV exceed 500,000 units
US sales of Hyundai Palisade SUV exceed 500,000 units
Source: IANS
2025-04-20 11:23:48 am
Hyundai Motor to halt Ioniq 5, Kona EV production again over weakening demand Hyundai Motor will temporarily suspend production of its Ioniq 5 and Kona electric vehicles (EVs) at its main domestic plant next week, as weakening overseas demand continues to weigh on exports, according to industry sources on Thursday.  The automaker plans to shut down Line 12 at its Plant 1 in Ulsan, 305 kilometers southeast of Seoul, where the two EV models are assembled, from April 24-30, citing declines in orders from key export markets, including Europe, Canada and the United ...
Hyundai Motor to halt Ioniq 5, Kona EV production again over weakening demand
Hyundai Motor to halt Ioniq 5, Kona EV production again over weakening demand
Source: Ians
2025-04-18 09:08:12 am
How BluSmart promoters diverted EV loans, bought flat in DLF Camellias In a shocking revelation, Gensol Engineering Limited (GEL) promoters Anmol Singh Jaggi and Puneet Singh Jaggi have been found to be diverting funds meant for electric vehicle (EV) procurement to buy a luxury apartment in Gurugram's upscale residential project -- The Camellias by DLF.  The findings were part of an interim order issued by the Securities and Exchange Board of India (SEBI) on April 15, which has led to a major crackdown against Gensol Engineering Limited (GEL) and its...
How BluSmart promoters diverted EV loans, bought flat in DLF Camellias
How BluSmart promoters diverted EV loans, bought flat in DLF Camellias
Source: IANS
2025-04-16 02:44:49 pm
Suppliers scramble to respond to looming US auto parts tariffs South Korean auto parts suppliers are scrambling to respond to new US tariffs on imported vehicles and automotive parts, industry insiders said on Friday, arguing the tariffs not only pose a serious challenge to automakers, including local industry leader Hyundai Motor Group, but also threaten to disrupt the broader industry supply chain.  The United States' Donald Trump administration began imposing a 25 percent tariff on imported vehicles last week and is set to extend the same ...
Suppliers scramble to respond to looming US auto parts tariffs
Suppliers scramble to respond to looming US auto parts tariffs
Source: IANS
2025-04-11 05:43:22 pm
Mercedes-Benz India sells record 18,928 cars in FY25, EV sales jump 51 pc Mercedes-Benz India on Thursday reported its highest-ever annual sales in the country in the financial year 2024-25 (FY25) as the luxury carmaker sold 18,928 vehicles during the year.  This was a 4 per cent increase compared to the previous fiscal year (FY24), according to the company’s statement. The growth was mainly driven by strong demand for top-end luxury cars, rising interest in electric vehicles (EVs), and consistent performance from its core models. However, the c...
Mercedes-Benz India sells record 18,928 cars in FY25, EV sales jump 51 pc
Mercedes-Benz India sells record 18,928 cars in FY25, EV sales jump 51 pc
Source: IANS
2025-04-11 09:43:09 am
JLR India sells 6,183 cars in FY25, highest ever sales with 40 pc growth  Jaguar Land Rover (JLR) India on Thursday reported its highest-ever retail sales in a financial year with 6,183 units sold in FY25 -- a strong 40 per cent growth compared to FY24.  The automaker, a wholly-owned subsidiary of Tata Motors, also saw a 39 per cent increase in wholesales, or dispatches to dealers, which stood at 6,266 units for the year. The final quarter of the fiscal (Q4 FY25) brought record-breaking results as well, with retail sales reaching 1,793 units and wh...
JLR India sells 6,183 cars in FY25, highest ever sales with 40 pc growth
JLR India sells 6,183 cars in FY25, highest ever sales with 40 pc growth
Source: IANS
2025-04-10 02:12:01 pm
Mercedes-Benz India expands India footprint as private consumption rises As private consumption rises in tier 2 and 3 cities amid a resilient economy, luxury carmaker Mercedes-Benz India on Thursday announced to expand its footprint in two future potential growth markets in the country.  Mercedes-Benz sold a record 19,565 new cars in 2024, clocking its best year in 30 years’ history in the country. In 2023, the company had sold 17,408 units. Now, the carmaker has inaugurated new state-of-art luxury facilities in Faridabad and Agra. The company ...
Mercedes-Benz India expands India footprint as private consumption rises
Mercedes-Benz India expands India footprint as private consumption rises
Source: IANS
2025-04-03 05:05:05 pm
Automakers clock robust SUV sales in India in March amid resilient economy The Indian automakers on Tuesday reported strong sales figures for the month of March, particularly in the SUV segment, driven by increasing private consumption and a resilient economy.  Among the top performers, Maruti Suzuki, Mahindra & Mahindra, and Kia India showcased impressive growth in their SUV sales. Maruti Suzuki India, the largest car manufacturer in India, saw a growth of nearly 4.5 per cent in its SUV sales in March 2025, with 61,097 units sold compared to 58,436 u...
Automakers clock robust SUV sales in India in March amid resilient economy
Automakers clock robust SUV sales in India in March amid resilient economy
Source: IANS
2025-04-01 03:47:15 pm
Hyundai Motor`s March sales down 2 pc, Kia reports 2.2 pc rise Hyundai Motor said on Tuesday its monthly sales for March dropped 2 per cent from a year earlier due to a decline in overseas markets.  The automaker sold 365,812 vehicles last month, down from 373,290 units in the same month last year, the company said in a press release. Domestic sales gained 0.9 percent on-year to 63,090 units, but overseas sales shed 2.6 percent to 302,722 units, reports Yonhap news agency. At home, the bestselling model was the Avante, selling 6,829 units, ...
Hyundai Motor`s March sales down 2 pc, Kia reports 2.2 pc rise
Hyundai Motor`s March sales down 2 pc, Kia reports 2.2 pc rise
Source: IANS
2025-04-01 02:27:23 pm
Renault Group to buy Nissan`s 51 pc stake in India JV unit French carmaker Renault Group announced on Monday that it would acquire the remaining 51 per cent stake in Renault Nissan Automotive India Private Ltd (RNAIPL), currently held by Nissan Motor Corp, to become the sole owner of the company.  However, Japanese car-maker Nissan will maintain its presence in India with a strong focus on increasing market coverage. “RNAIPL would continue to produce Nissan models, including the New Nissan Magnite, and will serve as a crucial pillar for...
Renault Group to buy Nissan`s 51 pc stake in India JV unit
Renault Group to buy Nissan`s 51 pc stake in India JV unit
Source: IANS
2025-03-31 06:08:39 pm
India remains strong growth pillar for Nissan as firm registers best fiscal sales in 7 years  Nissan Motor India on Monday said it has delivered its best single year performance for FY 2024-25 in the last seven years, despite multiple headwinds faced by the domestic auto industry.  In FY25, the automaker recorded total domestic volume of over 28,000 units, led by the New Nissan Magnite introduced in October 2024. This strong performance was delivered despite the rising consumer preference for alternate fuel vehicles in the B-SUV segment in India, said the company in a...
India remains strong growth pillar for Nissan as firm registers best fiscal sales in 7 years
India remains strong growth pillar for Nissan as firm registers best fiscal sales in 7 years
Source: IANS
2025-03-31 05:02:46 pm
Hyundai Motor to hire top-tier foreign engineering talent  Hyundai Motor said on Monday it will open a global recruitment programme this week to secure top-tier overseas talent across various fields of engineering.  The company plans to open the program for hiring overseas engineering Ph.D. holders, as well as an internship program for foreign university students studying in South Korea and a separate one for overseas bachelor's and master's degree holders on Tuesday. The recruitment programme for overseas Ph.D. holders will ...
Hyundai Motor to hire top-tier foreign engineering talent
Hyundai Motor to hire top-tier foreign engineering talent
Source: IANS
2025-03-31 11:29:35 am
Hyundai Motor aims to implement Level 2+ self-driving tech by 2027 Hyundai Motor Group on Friday outlined a roadmap to implement advanced autonomous driving technology across its vehicle lineup, aiming to apply Level 2+ features by the end of 2027.  The goal was announced during the group's Pleos 25 developer conference, held at COEX in Seoul, where Hyundai invited domestic and global software developers to showcase its latest innovations in software-defined vehicle (SDV) technology, reports Yonhap news agency. According to Song Chang-hyeon, h...
Hyundai Motor aims to implement Level 2+ self-driving tech by 2027
Hyundai Motor aims to implement Level 2+ self-driving tech by 2027
Source: IANS
2025-03-28 03:19:31 pm
US auto tariff: JLR maker Tata Motors' shares drop over 5 pc Shares of Tata Motors Limited, the parent company of luxury carmaker Jaguar Land Rover (JLR), fell sharply on Thursday, after US President Donald Trump announced a 25 per cent tariff on cars that are not manufactured in the United States.  The stock declined 5.47 per cent or Rs 38.75 to close at Rs 669.5 on the National Stock Exchange (NSE). Trump’s announcement came as part of his plan to introduce reciprocal tariffs on various countries. The new car tariffs are set to take ...
US auto tariff: JLR maker Tata Motors' shares drop over 5 pc
US auto tariff: JLR maker Tata Motors' shares drop over 5 pc
Source: IANS
2025-03-27 05:57:17 pm
South Korea to hold emergency meeting on US auto tariffs The government will hold an emergency meeting with local automotive companies on Thursday to discuss the possible impact of the US administration's plan to start imposing auto tariffs next week, the industry ministry said.  The meeting, to be chaired by Industry Minister Ahn Duk-geun, will be held later in the day with the attendance of officials from major automobile companies here, according to the Ministry of Trade, Industry and Energy. The planned meeting comes shortly afte...
South Korea to hold emergency meeting on US auto tariffs
South Korea to hold emergency meeting on US auto tariffs
Source: IANS
2025-03-27 10:45:06 am
Hyundai bets big on America with $21 bn investment to gain edge in key market Hyundai Motor Group's decision to invest $21 billion in the United States over the next four years is being seen as a bold strategic move to solidify its competitive edge in its single-largest national market, industry observers said on Tuesday.  The plan, unveiled by Hyundai Motor Group Executive Chair Euisun Chung, alongside President Donald Trump and Louisiana Gov. Jeff Landry, at the White House, is expected to sharpen the group's position in the increasingly competitive U...
Hyundai bets big on America with $21 bn investment to gain edge in key market
Hyundai bets big on America with $21 bn investment to gain edge in key market
Source: IANS
2025-03-25 09:37:52 am
Hyundai, Kia to surpass 30 mn cumulative sales in US this year South Korea's largest automotive giant Hyundai Motor Group is set to reach a major milestone of 30 million cumulative vehicle sales in the United States this year, continuing its steady growth in the key overseas market, the company said on Monday.  Since their entry into the U.S. market in 1986, Hyundai Motor Co. and Kia Corp. had sold a total of 29,303,995 vehicles as of the end of February. Hyundai accounted for 17,116,065 units, and Kia sold 12,187,930 units. Last year, Hyu...
Hyundai, Kia to surpass 30 mn cumulative sales in US this year
Hyundai, Kia to surpass 30 mn cumulative sales in US this year
Source: IANS
2025-03-24 09:45:46 am
Young, rich Indians rev up Lamborghini and Mercedes-Maybach sales Lamborghini and Mercedes-Maybach plan to expand in India as a growing tribe of young, rich Indians splurge on super luxury cars, driving their sales to record levels. Italian supercar maker Lamborghini, fresh from a year of record sales, is exploring a fourth showroom in India, while Mercedes-Maybach sees the country as a potential top-five market by sales, company executives said. "India, for us, is an asset ... there is a huge potential for the future. There is the idea of having...
Young, rich Indians rev up Lamborghini and Mercedes-Maybach sales
Young, rich Indians rev up Lamborghini and Mercedes-Maybach sales
Source: Reuters
2025-03-22 09:43:43 am
Mahindra & Mahindra to hike SUV, commercial vehicle prices from April With several automakers set to increase prices due to rising costs, leading SUV manufacturer Mahindra & Mahindra (M&M) on Friday announced a price hike of up to 3 per cent for its sport utility vehicle (SUV) and commercial vehicle (CV) range.  The new prices will come into effect from April 2025. The company attributed the increase to rising input costs and higher commodity prices. M&M stated that while it has tried to absorb most of the additional costs, a portion ...
Mahindra & Mahindra to hike SUV, commercial vehicle prices from April
Mahindra & Mahindra to hike SUV, commercial vehicle prices from April
Source: IANS
2025-03-22 09:06:38 am
Hyundai to double down on US production with new EV plant Hyundai Motor Group is accelerating efforts to expand its production footprint in the United States, amid US President Donald Trump's continued call for foreign companies to manufacture in the country to do business there, according to industry observers on Friday.  According to the industry sources, the group plans to hold an official opening ceremony next week for Hyundai Motor Group Metaplant America (HMGMA), its electric vehicle (EV) and hybrid production facility located in S...
Hyundai to double down on US production with new EV plant
Hyundai to double down on US production with new EV plant
Source: IANS
2025-03-21 10:41:56 am
BMW Group India to hike prices by up to 3 pc from April 1 Joining a series of automakers, BMW Group India on Thursday announced a price increase of up to 3 per cent across its BMW and MINI car range.  According to the official notification, the revised prices will come into effect from April 1, 2025. However, the company has not specified which models will see the highest price increase. The latest price adjustment by BMW India is driven by rising input costs, which have been increasing due to higher material expenses. The adjustment w...
BMW Group India to hike prices by up to 3 pc from April 1
BMW Group India to hike prices by up to 3 pc from April 1
Source: IANS
2025-03-20 01:57:18 pm
Kia India to increase car prices by up to 3 pc from April 1 Kia India on Tuesday announced a price hike of up to 3 per cent across its entire lineup, which will take effect from April 1.  The company stated that the decision was driven by rising commodity prices and increasing supply chain costs. “As a brand committed to providing exceptional value and quality to our customers, we have always strived to offer the best vehicles at competitive prices,” said Hardeep Singh Brar, senior vice president, sales and marketing, Kia India....
Kia India to increase car prices by up to 3 pc from April 1
Kia India to increase car prices by up to 3 pc from April 1
Source: IANS
2025-03-18 05:15:56 pm
Maruti Suzuki India announces up to 4 pc price hike from April Leading automaker Maruti Suzuki India Ltd on Monday announced its third price hike this year — up to 4 per cent which is effective from April — to offset rising input costs amid moderating sales.  The price increase on the vehicles from next month will vary depending on the model, according to an exchange filing by the company. “In light of rising input costs and operational expenses, the company has planned to increase the prices of its cars from April, 2025. The...
Maruti Suzuki India announces up to 4 pc price hike from April
Maruti Suzuki India announces up to 4 pc price hike from April
Source: IANS
2025-03-17 11:34:40 am
Tesla seeks certification for two electric car models it wants to sell in India Elon Musk-led Tesla Inc. has initiated the process for the certification and homologation of two of its electric cars in India, which is an essential requirement for all vehicles before they can be sold in the country.  Tesla India Motor & Energy Pvt. Ltd., the local unit of Musk's firm, has submitted two new applications for homologation of the Model Y and Model 3 cars in India, according to industry sources. Homologation is the process of certifying that a vehicle is road...
Tesla seeks certification for two electric car models it wants to sell in India
Tesla seeks certification for two electric car models it wants to sell in India
Source: IANS
2025-03-14 04:43:11 pm
Tata Motors forays into Sri Lanka with all-new vehicle portfolio Expanding its global footprint, Tata Motors on Thursday announced the launch of its all-new passenger and electric vehicle (EV) portfolio in Sri Lanka.  India’s leading automobile manufacturer, along with its partner DIMO launched the new range of passenger vehicles and EVs in the neighbouring country. The launch event saw introduction of Tata Motors’ widely successful range of SUVs – the Tata Punch, Tata Nexon, and the Tata Curvv. In addition to this, Tata Mot...
Tata Motors forays into Sri Lanka with all-new vehicle portfolio
Tata Motors forays into Sri Lanka with all-new vehicle portfolio
Source: IANS
2025-03-13 12:24:21 pm
India emerges as fastest-growing connected car market with 25 pc surge India has emerged as the fastest-growing market for connected cars, registering a 25 per cent year-on-year (YoY) increase in 2024, a new report said on Wednesday.  According to a Counterpoint Research report, the surge in adoption is driven by domestic automakers integrating connectivity features across their vehicle lineups. Nearly 75 per cent of all passenger cars sold globally in 2024 came with embedded cellular connectivity, up from 71 per cent in the previous year. The glob...
India emerges as fastest-growing connected car market with 25 pc surge
India emerges as fastest-growing connected car market with 25 pc surge
Source: IANS
2025-03-12 04:13:59 pm
Hyundai Motor planning to build 1st local hydrogen fuel cell plant Hyundai Motor plans to build its first hydrogen fuel cell systems plant in South Korea for the start of operations in 2028, the company's labour union claimed on Tuesday.  Hyundai Motor currently operates a hydrogen fuel cell systems plant in China. If built, the domestic facility will be the carmaker's second such plant globally. The company will begin the plant's construction within the year at its mainstay car manufacturing plant in Ulsan, about 305 kilometers southe...
Hyundai Motor planning to build 1st local hydrogen fuel cell plant
Hyundai Motor planning to build 1st local hydrogen fuel cell plant
Source: IANS
2025-03-11 01:42:28 pm
Takashi Nakajima appointed as President and CEO of Honda Cars India Takashi Nakajima has been appointed as the new President and CEO of Honda Cars India Ltd (HCIL) who will take charge from April 1, he company announced on Monday.  Nakajima takes over from Takuya Tsumura, who moves to Japan at Honda head office after completing his India tenure, according to Honda Motor Co. Nakajima joined Honda in 1994 and has been associated with the leading automaker for more than 30 years. He has gained vast experience having worked in various positions of ...
Takashi Nakajima appointed as President and CEO of Honda Cars India
Takashi Nakajima appointed as President and CEO of Honda Cars India
Source: IANS
2025-03-10 04:37:05 pm
Kia sells over 4,000 units of Tasman pickup truck in first month of launch Kia, South Korea's second-biggest carmaker, said on Sunday it has sold over 4,000 units of its first pickup truck, the Kia Tasman, less than a month since its release, raising expectations it will revitalize the local pickup truck market.  Kia sold more than 4,000 Tasman trucks in February, a feat achieved in just 17 days since its first-ever pickup truck was launched here on Feb. 13, according to company officials, reports Yonhap news agency. The tally marks nearly 30 percent ...
Kia sells over 4,000 units of Tasman pickup truck in first month of launch
Kia sells over 4,000 units of Tasman pickup truck in first month of launch
Source: IANS
2025-03-09 10:47:51 am
Hyundai has big plans for EV exports from India India will play a key role as a manufacturing hub in achieving Hyundai Motor Company's aim of selling 20 lakh electric vehicles in the global market by 2030, according to the company’s president and CEO Jose Munoz .  Addressing Hyundai Motor India employees at a town hall meeting in the company’s headquarters in Gurugram on the outskirts of Delhi, he said the company’s new factory that is coming up at Talegaon in Maharashtra would not only help meet domestic de...
Hyundai has big plans for EV exports from India
Hyundai has big plans for EV exports from India
Source: IANS
2025-03-05 12:05:28 pm
Kia CEO expresses confidence in new opportunities despite global trade risks   Song Ho-sung, president and chief executive officer (CEO) of Kia, on Tuesday expressed confidence in turning increasing global trade and business uncertainties for the South Korean automaker into opportunities for further growth.  In a letter to shareholders published on Kia's website, Song assessed that the globalisation trend of the past half-century was "shifting toward regionalism and nationalism," while also reshaping international trade dynamics. Song als...
Kia CEO expresses confidence in new opportunities despite global trade risks
Kia CEO expresses confidence in new opportunities despite global trade risks
Source: IANS
2025-03-04 09:41:33 am
Hyundai, Kia post record sales in US in February  Hyundai Motor, South Korea's top automaker, saw its sales in the United States climb 3 per cent from a year ago in February, marking its biggest sales for the month, the company said on Sunday.  Hyundai Motor's U.S. sales reached 62,032 units last month, compared with 60,341 units sold in the same month last year, according to the automaker. The figure marked the largest for any February, the company added. The growth was driven by a 194 per cent surge in sales of ...
Hyundai, Kia post record sales in US in February
Hyundai, Kia post record sales in US in February
Source: IANS
2025-03-02 11:18:34 am
Automakers clock robust SUV sales in India in February  Automakers in India on Saturday reported robust SUV sales figures for the month of February, as private consumption continued to rise amid resilient economy.  Maruti Suzuki India maintained stable performance, selling 1,60,791 passenger vehicles in the domestic market. The leading automaker’s utility vehicle segment, including models like Brezza, Ertiga, Fronx, Grand Vitara, Invicto, Jimny, and XL6, contributed significantly to its sales, with 65,033 units sold last mo...
Automakers clock robust SUV sales in India in February
Automakers clock robust SUV sales in India in February
Source: IANS
2025-03-01 05:50:38 pm
Mahindra clocks 19 pc growth in SUV sales in Feb, tractor sales also up 19 pc Mahindra & Mahindra on Saturday announced that its overall auto sales for the month of February stood at 83,702 vehicles, a growth of 15 per cent, including exports.  In the ‘Utility Vehicles’ segment, Mahindra sold 50,420 SUVs in the domestic market, a growth of 19 per cent and 52,386 vehicles overall, including exports. The domestic sales for Commercial Vehicles stood at 23,826. “In February, we clocked SUV sales of 50,420, a growth of 19 per cent and 83,70...
Mahindra clocks 19 pc growth in SUV sales in Feb, tractor sales also up 19 pc
Mahindra clocks 19 pc growth in SUV sales in Feb, tractor sales also up 19 pc
Source: IANS
2025-03-01 01:56:35 pm
Kia unveils new EV models, electrification strategy South Korea's second-biggest carmaker, said on Thursday it has unveiled its new electric vehicle (EV) models and future electrification strategy at an event in Spain.  Kia showcased three key models -- the Kia EV4, Kia PV5 and Kia Concept EV2 sport utility vehicle (SUV) -- representing its latest electric technology and design innovations. The EV4 is Kia's first electric sedan, the PV5 is its first purpose-built vehicle (PBV) equipped with Hyundai Motor Group's dedicate...
Kia unveils new EV models, electrification strategy
Kia unveils new EV models, electrification strategy
Source: IANS
2025-02-27 02:41:06 pm
Hybrid vehicle registrations in South Korea surpass 2 mn units The cumulative number of hybrid vehicles registered in South Korea surpassed 2 million for the first time last year, government data showed on Tuesday.  The total number of registered hybrid vehicles in the country reached 2,024,481 as of the end of 2024, exceeding the 2 million mark for the first time, according to the data from the transport ministry. An annual record of 482,349 units were registered last year alone, significantly contributing to the milestone, reports Yonhap new...
Hybrid vehicle registrations in South Korea surpass 2 mn units
Hybrid vehicle registrations in South Korea surpass 2 mn units
Source: IANS
2025-02-25 10:39:47 am
Centre likely to modify new EV policy as Tesla gears up to enter India As Tesla prepares to enter India this year, the government is likely working on to modify the terms of a new policy that promotes manufacturing of electric vehicles (EVs) in the country.  In a bid to attract the likes of Tesla, the tweaked EV policy may mandate carmakers to show a turnover of Rs 2,500 crore in the second year itself, as per sources. Centre may also offer further import duty relief. The government is likely to start accepting applications after the updated EV policy...
Centre likely to modify new EV policy as Tesla gears up to enter India
Centre likely to modify new EV policy as Tesla gears up to enter India
Source: IANS
2025-02-21 11:26:58 am
Tesla likely to enter India with fully-built, pricier Model Y, scouting for showrooms With Tesla finally gearing up to enter India later this year, the Elon Musk-run electric vehicle (EV) major is set to take a "top-down approach" - launch expensive models in the country first and then follow it up with the cheaper vehicles.  The electric car maker is reportedly set to import its fully-built Model Y from its Berlin Gigafactory, as the electric SUV is manufactured in right-hand drive configuration in the European facility. The Tesla Model Y would cost Rs 60...
Tesla likely to enter India with fully-built, pricier Model Y, scouting for showrooms
Tesla likely to enter India with fully-built, pricier Model Y, scouting for showrooms
Source: IANS
2025-02-19 05:07:06 pm
Automaker Kia to showcase non-passenger military vehicles Kia, South Korea's second-largest carmaker, said on Monday it will participate in the International Defence Exhibition and Conference (IDEX) 2025 in the United Arab Emirates this week, showcasing its non-passenger military vehicles.  IDEX 2025, the Middle East's largest defence industry trade show, is set to open on Monday (local time) through Friday in Abu Dhabi. The automaker will display the Kia Medium Tactical Vehicle (KMTV) bonnet-type bare chassis, the Kia Light Tacti...
Automaker Kia to showcase non-passenger military vehicles
Automaker Kia to showcase non-passenger military vehicles
Source: IANS
2025-02-17 09:46:09 am
Hyundai crosses 37 lakh unit exports from India, to make more cars for the world Hyundai Motor India Limited (HMIL), one of the country’s leading automobile manufacturers, has completed 25 years of exports from India, reinforcing its position as the largest exporter in this segment.  Since starting exports in 1999, the company has shipped over 3.7 million (37 lakh) vehicles across the globe, it said in a statement. The company’s export data showed the success of India’s push for self-reliant and globally competitive automobile production. O...
Hyundai crosses 37 lakh unit exports from India, to make more cars for the world
Hyundai crosses 37 lakh unit exports from India, to make more cars for the world
Source: IANS
2025-02-15 04:26:48 pm
On Valentine’s Day, Karan Johar pens a note for ‘single’ people  Bollywood filmmaker Karan Johar, who has a witty sense of humour, penned a note on Valentine’s Day for those who are single.    Karan took to Instagram stories, where he shared the note claiming why all the single people are victorious. The filmmaker, who himself claims to be single, wrote: “Dear Single Person, Today is the day you feel victorious... you have zero baggage, no drama and multiple options what's not to celebrate ?? Happy Valentines day&rd...
On Valentine’s Day, Karan Johar pens a note for ‘single’ people
On Valentine’s Day, Karan Johar pens a note for ‘single’ people
Source: IANS
2025-02-14 02:15:37 pm
What are India's EV makers' plans for their charging networks? Indian carmakers are speeding up deployment of electric vehicle chargers as the world's No. 3 auto market prepares for new model launches this year, and the government plans $230 million in incentives for the setup of fast-charge stations. Here's a look at the EV makers' current charging network and future plans. TATA MOTORS Tata Motors, India's EV car market leader, said it plans to more than double the country's charging points to 400,000 by 2027. That would ...
What are India's EV makers' plans for their charging networks?
What are India's EV makers' plans for their charging networks?
Source: Reuters
2025-02-14 09:34:12 am