Wednesday, September 11, 2024
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BMW, Ford to recall 31,279 vehicles over faulty parts
Seoul, Sep 11BMW Korea and Ford Sales and Service Korea will voluntarily recall over 31,279 vehicles due to faulty components, the transport ministry here said on Wednesday.
Union Minister Kumaraswamy highlights role of Indian automobile industry in country's economic growth
New Delhi, September 10Union Minister HD Kumaraswamy on Tuesday highlighted the significant role played by the Indian automobile industry in driving the nation's economic growth.PM Modi asks automakers to work on greener, cleaner mobility, says industry will drive economic growth
New Delhi, September 10Prime Minister Narendra Modi in a written address to the annual convention of the Society of Indian Automobile Manufacturers (SIAM) emphasized the need for the Automobile sector t...
Maruti Suzuki India gears up to launch its first EV with 500-km range in Jan
New Delhi, Sep 10Maruti Suzuki India on Tuesday said the automaker is geared up to launch its first electric vehicle (EV) with a range of 500 km per charge in January next year.
EVs can drive Indian automotive industry reach Rs 134 lakh crore by 2047
New Delhi, Sep 10The domestic automotive industry has crossed Rs 20 lakh crore mark in FY24 and has the potential to be worth $1.6 trillion (about Rs 134 lakh crore) by 2047, driven by electric ve...
Kia 1st in customer experience among automotive brands in India: Data
Seoul, Sep 10Kia has ranked first among automotive brands operating in India in terms of overall customer experience, the South Korean company said on Tuesday, citing local industry data.Tata Motors offers festive discounts of up to Rs 2.05 lakh
New Delhi, September 9Tata Motors has launched what it termed its biggest ever 'Festival of Cars' with tempting offers for this festive season.World EV Day: Over 50% of 3-wheelers, about 5% of 2-wheelers, and 2% of cars bought in 2024 are EVs.
New Delhi, September 9As the world celebrates World EV Day, India's significant progress in adopting electric vehicles (EVs) across various categories is commendable, however, there is still a lon...Mahindra & Mahindra set to launch electric commercial Four-Wheeler 'e-ZEO' on October 3
Mumbai, September 9Mahindra & Mahindra's commercial vehicle manufacturing unit, Mahindra Last Mile Mobility Limited (MLMML), has announced the launch of its electric four-wheeler, 'e-Z...Two-wheelers, tractors to surge with 14% and 10% CAGR through FY27: Jefferies report
New Delhi, September 7Domestic auto sector is poised for strong growth, particularly in the two-wheeler (2W) and tractor segments. Over FY24-27 (estimated), these two segments are expected to outpace t...
BMW leads imported car market as Mercedes-Benz falters amid EV fire
Seoul, Sep 6BMW Korea is maintaining a lead in South Korea's imported vehicle market so far this year, industry data showed on Friday, as main rival Mercedes-Benz Korea is faced with a b...
Hyundai Motor's cumulative sales likely to exceed 100 mn units this month
Seoul, Sep 5Cumulative sales volume of South Korean automotive giant Hyundai Motor is likely to exceed the 100 million-unit mark this month, industry projections showed on Thursday.Revenue growth of auto dealers to enter slow lane this year: Crisil report
New Delhi, September 1The revenue growth of auto dealers is expected to slow to 7-9 per cent this financial year after a healthy 14 per cent last year, due to a moderation in sales volume growth and mo...Maruti Suzuki reports 3.9 per cent decline (YoY) in car sales in August
New Delhi, September 1Maruti Suzuki has reported a 3.9 per cent decline in its total vehicle sales for August 2024, as per the filing by the company with the stock exchange on Sunday.
Tata Motors clocks 8 pc drop in total domestic sales in August
Mumbai, Sep 1Tata Motors on Sunday reported 8 per cent drop in total domestic sales at 70,006 units in the month of August, as against 76,261 units in the year-ago period.
Maruti Suzuki India's sales down 3.9 pc in August, Kia India logs 17.1 pc growth
New Delhi, Sep 1Maruti Suzuki India sold a total of 1.82 lakh units in August, down nearly 3.9 per cent (year-on-year) from 1.89 lakh units in the same month last year.
Ola Electric shares nosedive 25 pc from record high in 5 trading sessions
Mumbai, Aug 26Bhavish Aggarwal-run Ola Electric's shares have tumbled nearly 25 per cent from its record peak in the last five trading sessions, leaving investors jittery amid profit booki...
Hyundai Motor, Kia EVs receive top ratings in major global crash safety tests
Seoul, Aug 25Electric vehicle (EV) models produced by South Korea's Hyundai Motor and Kia have received top ratings in major global car crash safety tests, the automakers said on Sunday.
Two-wheeler, car buyers will have to shell out more in Punjab
Chandigarh, Aug 22Now buying two-wheelers and four-wheelers in Punjab will be costlier as the AAP government has increased the motor vehicle tax on them under the new tax system to recover revenue ...Tata Motors to set up 250 new fast charging EV stations
Mumbai, Aug 21Tata Motors on Wednesday announced a collaboration with Delta Electronics India and Thunderplus Solutions to set up 250 new fast charging EV stations across the country.
Automakers engage in myth-busting campaign surrounding EV charging safety
Seoul, Aug 21Automotive companies in South Korea are pushing forward with their new electric vehicle launch schedules despite public concerns over EV safety, with key players actively campaign...
Kia, Tesla and others to recall over 1 lakh cars for faulty parts
Seoul, Aug 21Kia, Tesla and two other carmakers will voluntarily recall more than 100,000 vehicles due to faulty components, the transport ministry here said on Wednesday.
India sees surge in super-luxury car sales amid 'generational mindset' shift
New Delhi, Aug 18The shifting 'generational mindset' in India is fuelling the growth in luxury goods consumption and super-expensive cars are no exception. According to industry data, th...Ola Electric launches e-motorcycles, to integrate own cells in EVs by Q1 FY26
Bengaluru, Aug 15Ola Electric on Thursday launched electric motorcycles and announced the integration of its battery cells in its own vehicles, starting Q1 FY26.Sales data of July reflects a positive outlook for the Indian automobile industry: SIAM
New Delhi, August 14Passenger vehicle sales in July stood at 3,41,510 units, according to data released by the Society of Indian Automobile Manufacturers (SIAM) on Wednesday.
Ola Electric reports Rs 347 crore loss in April-June quarter, revenue up 32 pc
Bengaluru, Aug 14Ola Electric Mobility on Wednesday reported loss at Rs 347 crore for the April-June quarter, compared to Rs 267 crore in the same period last fiscal.India auto sales cross 24.3 lakh units in July, two-wheelers post 12.4 pc growth
Mumbai, Aug 14The total production of passenger vehicles, three-wheelers, two-wheelers and quadricycle reached 24,37,138 units in July, the Society of Indian Automobile Manufacturers (SIAM) dat...
Hero MotoCorp clocks 36 pc rise in Q1, net profit at Rs 1,123 crore
New Delhi, Aug 13India's largest two-wheeler maker Hero MotoCorp on Tuesday reported a 36 per cent jump in standalone net profit to Rs 1,123 crore for the April-June quarter of the current f...
Make in India: Maruti Suzuki begins SUV Fronx export to Japan
New Delhi, Aug 13In a boost to the 'Make in India' initiative, leading automobile company Maruti Suzuki India on Tuesday started exporting its SUV Fronx model to Japan.Carmakers disclose battery brand information amid EV fire scare
Seoul, Aug 12Carmakers in South Korea are moving toward disclosing the brand information of batteries used in their electric vehicles in response to consumer doubts over the safety of EV batte...
India to surpass China to become world's largest 2-wheeler market in 2024
New Delhi, Aug 9India is projected to surpass China this year to become the world's largest two-wheeler (2W) market, a report said on Friday. The robust economic growth, consumer preference ...
Mercedes-Benz keeps silence on EV fire in South Korea
Seoul, Aug 9Over a week has passed since a spontaneous Mercedes-Benz electric vehicle fire ended up sparking an EV fire scare in South Korea, but the local unit of the German automotive giant...
Eicher Motors clocks 20 pc jump in Q1 net profit at Rs 1,101 crore
New Delhi, Aug 8Eicher Motors Ltd (EML), the parent company of Royal Enfield, on Thursday announced a 19.9 per cent increase in its consolidated net profit to Rs 1,101 crore for the first quarter...Four carmakers to recall over 1.72 lakh vehicles for faulty parts
Seoul, Aug 8BMW Korea, Hyundai Motor and two other carmakers will voluntarily recall more than 172,000 vehicles due to faulty components, the transport ministry here said on Thursday.
Tata Motors launches Curvv EV starting at Rs 17.49 lakh
Mumbai, Aug 7India's homegrown automotive company Tata Motors launched its new vehicle Tata Curvv EV in the SUV segment on Wednesday with prices ranging from Rs 17.49 lakh to Rs 21.99 lak...
Fire in Mercedes-Benz, Kia electric cars trigger safety concerns
Seoul, Aug 7The recent electric vehicle fire incidents involving Mercedes-Benz and Kia models could not have come at a worse time for the local automotive industry, which has been eagerly pre...
Retail sales of cars, SUVs surge 10 pc in July
New Delhi, Aug 6Retail sales of passenger vehicles in India, including cars and SUVs, posted a 10 per cent jump to 3,20,129 vehicles in July this year compared to 2,90,564 in the same month last ...Indian auto companies will soon produce 100 pc ethanol-run cars and 2-wheelers: Nitin Gadkari
New Delhi, August 5Union Minister of Road Transport and Highways Nitin Gadkari said on Monday that many Indian companies are setting up plants to produce 100 per cent ethanol-run cars and two-wheele...Vehicle sales in India show double-digit growth; tractors however continue to underperform
New Delhi, August 5Retail automobile sales in India saw double-digit yearly growth in July, with almost all vehicle categories witnessing an increase. To be precise, the sales jumped 13.84 per cent ...
Kia's EV sales doubled in Jan-July period in US
Seoul, Aug 5Electric vehicle sales by Kia, South Korea's No 2 automaker, in the United States from January to July jumped twofold on-year thanks to the strong demand of the company'...
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