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India rolls out 1st electric truck scheme with maximum incentive of Rs 9.6 lakh per vehicle The Centre on Friday launched a groundbreaking scheme to provide financial incentives for electric trucks (e-trucks) under the PM E-DRIVE initiative, with the maximum incentive set at Rs 9.6 lakh per vehicle.  This marks the first time the government is extending direct support for electric trucks, aiming to accelerate the country’s transition to clean, efficient and sustainable freight mobility. The scheme is expected to support the deployment of approximately 5,600 e-trucks ac...
India rolls out 1st electric truck scheme with maximum incentive of Rs 9.6 lakh per vehicle
India rolls out 1st electric truck scheme with maximum incentive of Rs 9.6 lakh per vehicle
Source: IANS
2025-07-11 06:03:02 pm
Mercedes-Benz India`s first-quarter sales hit record high on strong demand for top-end models, EVs 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 rapid economic growth brought about a fundamental shift in attitude towards luxury purchases among its younger generation. Luxury car sales account for a little over 1% of In...
Mercedes-Benz India`s first-quarter sales hit record high on strong demand for top-end models, EVs
Mercedes-Benz India`s first-quarter sales hit record high on strong demand for top-end models, EVs
Source: Reuters
2025-07-11 05:59:01 pm
BMW Group India posts highest-ever H1 car sales in 2025; EV sales surge 234 pc BMW Group India on Thursday announced that it has recorded its highest-ever car deliveries for the first half of a year, selling 7,774 BMW and MINI cars between January and June 2025.   Despite a challenging environment, the company has achieved a 10 per cent growth compared to the same period last year. In an official statement, Vikram Pawah, President and CEO of BMW Group India, said, “We are on a fast track, posting +10 per cent growth despite a challenging environment as ...
BMW Group India posts highest-ever H1 car sales in 2025; EV sales surge 234 pc
BMW Group India posts highest-ever H1 car sales in 2025; EV sales surge 234 pc
Source: IANS
2025-07-03 06:25:18 pm
Audi India sells 2,128 units in Jan-June, positive on growth in 2nd half of 2025 German luxury car manufacturer Audi on Tuesday announced the sale of 2,128 units in India in the January-June period this year.  According to the automaker, ‘Audi Approved: plus’, the pre-owned car business, showed resilience with steady performance and grew by 10 per cent in the January-June period (H1 2025). The brand currently has 26 pre-owned car facilities and will be adding more facilities this year. “While H1 2025 presented unique market challenges, we h...
Audi India sells 2,128 units in Jan-June, positive on growth in 2nd half of 2025
Audi India sells 2,128 units in Jan-June, positive on growth in 2nd half of 2025
Source: IANS
2025-07-01 02:00:43 pm
Centre launches portal to promote EV car manufacturing, open till Oct 21 In a bid to boost the domestic manufacturing of electric vehicles (EVs), the government on Tuesday announced the portal launch of the application process under the Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI).  Union Minister H.D. Kumaraswamy said that guided by the visionary leadership of Prime Minister Narendra Modi, this initiative marks a defining moment in India’s journey towards clean, self-reliant, and future-ready mobility. “The ...
Centre launches portal to promote EV car manufacturing, open till Oct 21
Centre launches portal to promote EV car manufacturing, open till Oct 21
Source: IANS
2025-06-24 02:01:32 pm
No disruption in operation due to rare earth magnet crisis: Maruti Suzuki India Maruti Suzuki India on Thursday denied any disruption to its operations due to the rare earth magnet crisis, saying that they are monitoring the evolving situation.  Reports have surfaced that the production plans for the automaker’s upcoming electric sport utility vehicle (SUV), the e-Vitara, may be affected due to China’s restriction on exports of rare earth minerals. The e-Vitara is expected to be launched in India before the end of September. “Regarding the si...
No disruption in operation due to rare earth magnet crisis: Maruti Suzuki India
No disruption in operation due to rare earth magnet crisis: Maruti Suzuki India
Source: IANS
2025-06-12 04:57:06 pm
Kia begins mass production of next-gen military medium tactical vehicle Automaker Kia on Tuesday held a roll-out ceremony for its next-generation military medium tactical vehicle, marking the official start of mass production of the company's upgraded military transport vehicle.  The ceremony for the upgraded Kia Medium Tactical Vehicle (KMTV) was held at Kia's Autoland plant in Gwangju, some 270 kilometers south of Seoul, the company said. Kia has been developing military vehicles since the 1970s, reports Yonhap news agency. The new KMTV, whic...
Kia begins mass production of next-gen military medium tactical vehicle
Kia begins mass production of next-gen military medium tactical vehicle
Source: IANS
2025-06-10 05:24:21 pm
Introducing the 2025 Suzuki GSX-8R: Precision Performance at Rs 9.25 Lakh Suzuki Motorcycle India is proud to unveil the all-new 2025 GSX-8R—now compliant with OBD-2B emissions norms and engineered for riders who demand sportbike agility with everyday usability. Priced attractively at ?9.25 lakh (ex-showroom), the GSX-8R stakes its claim against rivals like the Triumph Daytona 660, Kawasaki Ninja 650 and Aprilia RS 660. Heart of a Champion Engine: 776 cc parallel-twin Peak Power: 82 BHP @ 8,500 rpm Peak Torque: 78 Nm @ 6,800 rpm Transmission: 6...
Introducing the 2025 Suzuki GSX-8R: Precision Performance at Rs 9.25 Lakh
Introducing the 2025 Suzuki GSX-8R: Precision Performance at Rs 9.25 Lakh
Source: IGI Editorial
2025-06-10 04:52:40 pm
Plan panel's 6-point policy roadmap to drive TN's global mobility leadership The State Planning Commission (SPC) has unveiled a comprehensive six-point policy roadmap aimed at transforming Tamil Nadu into a global leader in sustainable mobility and electric vehicle (EV) innovation.   Titled “Tamil Nadu’s Automotive Future,” the SPC report was formally submitted to Chief Minister M.K. Stalin by Deputy Chief Minister Udhayanidhi Stalin and SPC Executive Chairman J. Jeyaranjan at the State Secretariat. The report highlights the need for Tamil...
Plan panel's 6-point policy roadmap to drive TN's global mobility leadership
Plan panel's 6-point policy roadmap to drive TN's global mobility leadership
Source: IANS
2025-06-10 11:06:29 am
Kia`s May sales rise 1.7 pc on SUV demand, India market sees over 14 pc growth Kia, South Korea's second-largest automaker by sales, said on Monday its sales gained 1.7 per cent last month from a year earlier on steady overseas demand for sport utility vehicles (SUVs).  Kia, a smaller affiliate of local industry leader Hyundai Motor Co., sold 269,148 vehicles in May, up from 264,699 units a year ago, the company said in a press release. Domestic sales declined 2.4 percent on-year to 45,003 units last month, while overseas sales climbed 2.6 percent to 223,...
Kia`s May sales rise 1.7 pc on SUV demand, India market sees over 14 pc growth
Kia`s May sales rise 1.7 pc on SUV demand, India market sees over 14 pc growth
Source: IANS
2025-06-02 06:24:09 pm
EV booster: Mercedes-Benz, Volkswagen, Hyundai show interest in India manufacturing Union Heavy Industries Minister H D Kumaraswamy said on Monday that Mercedes Benz, Skoda-Volkswagen (VW), Hyundai, and Kia have shown keen interest in manufacturing their electric vehicles (EVs) in India.  The minister further said that the application window for the Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI) will open soon. On Elon Musk-run Tesla, the Union Minister said: "We are not actually expecting (manufacturing) from them as they are o...
EV booster: Mercedes-Benz, Volkswagen, Hyundai show interest in India manufacturing
EV booster: Mercedes-Benz, Volkswagen, Hyundai show interest in India manufacturing
Source: IANS
2025-06-02 04:06:20 pm
Mahindra and Mahindra clocks 17 pc growth in auto sales in May 2025 Mahindra and Mahindra on Sunday reported a solid performance in May 2025, with overall auto sales reaching 84,110 units -- a 17 per cent increase compared to May 2024.  The figure includes both domestic and export markets, highlighting the company’s continued momentum across product segments. The SUV segment played a major role in this growth. Mahindra sold 52,431 SUVs in the domestic market in May, marking a strong 21 per cent year-on-year (YoY) rise. Including exports, t...
Mahindra and Mahindra clocks 17 pc growth in auto sales in May 2025
Mahindra and Mahindra clocks 17 pc growth in auto sales in May 2025
Source: IANS
2025-06-01 03:21:32 pm
Sales of hydrogen vehicle slump in January-April in South Korea South Korea's hydrogen fuel cell electric vehicle (FCEV) sector is facing a sharp downturn this year, with both domestic sales and exports falling significantly amid a lack of demand, industry data showed on Wednesday.  According to the Korea Automobile and Mobility Association (KAMA), only 18 hydrogen vehicles, including both passenger and commercial models, were exported from January to April, down 70 percent from 60 units a year ago. Domestic sales came to 965 units over the...
Sales of hydrogen vehicle slump in January-April in South Korea
Sales of hydrogen vehicle slump in January-April in South Korea
Source: IANS
2025-05-28 10:54:21 am
India-made cars gain traction in Japanese market Maruti Suzuki and Honda Cars India have clocked a robust increase in exports to the Japanese market, reflecting the improving quality and acceptance of India-made cars in developed markets.  According to figures compiled by the Society of Indian Automobile Manufacturers (SIAM), India’s car exports to Japan jumped to $616.45 million in the first nine months (April-December) of 2024-25, which represents a close to 3-fold jump over the $220.62 million worth exports in full financia...
India-made cars gain traction in Japanese market
India-made cars gain traction in Japanese market
Source: IANS
2025-05-27 11:42:46 am
Importance of cybersecurity grows in software-defined vehicles era Cybersecurity is becoming an increasingly important factor car manufacturers have to consider with the global automotive industry's move toward more "connected" and "software-defined" vehicles, an executive at a South Korean automotive cybersecurity solutions provider said.  "The era of software-defined vehicles is coming ... which means there is much more interface connecting the cars and the external environment, making cars more vulnerable to cyberattac...
Importance of cybersecurity grows in software-defined vehicles era
Importance of cybersecurity grows in software-defined vehicles era
Source: IANS
2025-05-23 11:07:17 am
New EV models, government incentives to drive hybrid penetration growth in India: HSBC EV penetration in India has improved with new model launches over the last six months, and new model launches and government incentives will drive hybrid penetration growth in the near term, an HSBC report said on Wednesday.  Contrary to popular assumptions, hybrids are not currently competing with EVs, but rather, are complementary to them. For instance, in states with hybrid incentives, EVs have grown more even after incentives were announced, said HSBC Research in its note. &ldq...
New EV models, government incentives to drive hybrid penetration growth in India: HSBC
New EV models, government incentives to drive hybrid penetration growth in India: HSBC
Source: IANS
2025-05-21 02:48:54 pm
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