Search result for 'passenger car'

India Passenger Vehicle Exports Rise; Maruti Leads

October 26, 2025 10:10

Passenger vehicle exports from India surge 18% in Apr-Sep, led by Maruti Suzuki. SIAM data reveals key export trends and market growth.

China Files WTO Complaint Against India

October 21, 2025 11:16

China files WTO complaint against India's PLI schemes for auto, EV policy, alleging violation of global trade rules.

India Auto Exports Rise 26% in Q2: SIAM Data

October 19, 2025 11:15

Automobile exports from India surged 26% in Q2, driven by record shipments of passenger vehicles, two-wheelers, and three-wheelers. Details here.

CEAT: GST Rate Cut Benefits Expected Soon

October 19, 2025 10:44

CEAT expects GST rate reduction to boost demand for two-wheelers, small cars, and tractors, especially in rural markets.

China Files WTO Complaint Against India Over EV Subsidies

October 15, 2025 18:51

China files WTO complaint against India over EV and battery subsidies, alleging violation of trade rules and unfair advantage.

Hyundai to Stay in Small Car Segment in India

October 15, 2025 18:16

Hyundai Motor Co. will continue to focus on small cars in India, alongside SUVs, to tap into the upgrading two/three-wheeler market.

ZF Enters Indian Railway Sector with Gearbox Order

October 15, 2025 17:49

ZF Group enters Indian railway sector with its first gearbox order. Gearboxes will be supplied for Vande Bharat Express trains.

Apollo Tyres Cuts Prices After GST Rate Reduction

September 17, 2025 16:53

Apollo Tyres to reduce prices (Rs 300-2000) on tyres from Sept 22, passing on GST rate cut benefit to customers. Read more.

India AC Emissions to Double by 2035: Report

September 15, 2025 16:07

India's AC emissions equal car emissions, doubling by 2035. Report highlights refrigerant leaks, rising AC stock, and refilling costs.

Car Demand Surge on Tax Rationalisation: Stellantis

September 5, 2025 19:27

Stellantis expects car demand to surge due to GST rationalisation making cars cheaper. Festive season to boost sales. Citroen Basalt X Range debuts.

GST Cut on Tyres: Impact on Vehicle & Logistics Costs

September 4, 2025 17:42

GST rate reduction on tyres to 18% will lower vehicle operating & logistics costs, says ATMA. Improves affordability & road safety.

Punjab & Sind Bank & Maruti Suzuki Finance Tie-up

September 1, 2025 16:54

Punjab & Sind Bank partners with Maruti Suzuki Smart Finance for vehicle loans. Digital platform, seamless experience for customers.

Reduce GST on Tyres: ATMA Asks Govt

September 1, 2025 13:24

ATMA urges the government to reduce GST on automotive tyres to 5%, citing its impact on key sectors and affordability.

India-China Rare Earth Magnet Talks

August 14, 2025 17:51

India engages with China on rare earth magnet export restrictions. Visas issued to Indian firms to maintain supply chain.

JK Tyre Q1 Profit Down 25% on Higher Costs

August 8, 2025 13:27

JK Tyre & Industries reports a 25% drop in Q1 net profit to Rs 163.35 crore due to increased raw material costs. Revenue up, outlook positive.

Bosch Q1 Profit Surges to Rs 1,115 Cr

August 4, 2025 20:13

Bosch Ltd reports over twofold jump in Q1 net profit to Rs 1,115 crore. Driven by business transfer, increased revenue & demand.

ZF Starts Electric Park Brake Production in India

July 31, 2025 22:23

ZF begins production of its electric park brake (EPB) system in India, supporting the country's e-mobility shift and enhancing vehicle safety. The EPB system offers advanced features like...

ZF Starts Electric Park Brake Production in India

July 31, 2025 21:25

ZF begins production of its electric park brake (EPB) system in India, supporting the country's e-mobility shift and enhancing vehicle safety. The EPB system offers advanced features like...

India Household Consumption to Pick Up in 2-3 Quarters

July 29, 2025 16:05

India's household consumption is expected to increase in the next 2-3 quarters, driven by rural strength, softened inflation, and government spending. Urban consumption is also expected to stabilize.

Renault Acquires 51% Stake in Indian JV

July 28, 2025 21:35

CCI approves Renault's acquisition of Nissan's 51% stake in their Indian joint venture, Renault Nissan Automotive India Pvt Ltd. Renault will now fully own the Chennai-based production facility.

India-UK Trade Deal: Key Highlights & Impact

July 25, 2025 12:23

India and UK signed a Comprehensive Economic and Trade Agreement (CETA), aiming to double bilateral trade. The deal covers tariffs, services, and more. Learn key details and impact.

India-UK Trade Deal: Auto Duty Concessions

July 24, 2025 21:20

India offers UK auto duty concessions on large petrol, diesel vehicles ''high-priced EVs, protecting domestic auto industry. Details of the India-UK trade agreement.

Passenger Vehicle Sales Dip 1.4% in Q1

July 15, 2025 15:46

Passenger vehicle sales in India fell 1.4% to 10.11 lakh units in April-June 2025, while two-wheeler sales dropped 6.2%. SIAM reports on Q1 performance and future outlook.

Apollo Tyres FY25: Challenges & Future Outlook

July 8, 2025 16:14

Apollo Tyres reports a challenging FY25, but expresses cautious optimism for the future, focusing on expansion and operational efficiency.

Electric Car Sales Surge in June 2025

July 6, 2025 13:23

Sales of electric cars surged in June 2025, while passenger car sales declined. Shriram Mobility report reveals insights into EV market growth and truck rentals.

SPMEPCI Scheme to Attract EV Investment in India

June 27, 2025 18:25

Mercedes-Benz India CEO discusses the SPMEPCI scheme's potential to attract foreign EV investment and boost India's electric vehicle market. New AMG GT models also launched.

India Opens EV Car Scheme Portal

June 24, 2025 15:12

India's govt opens portal for automakers to apply for electric vehicle scheme offering lower import tax. Tesla's interest remains limited to showrooms.

Tata Motors seeks alternate magnet sources amid China export curbs

June 20, 2025 19:08

Tata Motors is working with the Indian government and exploring alternative sources for magnets due to China's export restrictions on rare earth elements. The company assures its current supply is...

India-China Rare Earth Talks: Hope for Positive Outcome

June 16, 2025 16:48

India is hopeful for a positive resolution in talks with China regarding export restrictions on rare earth magnets, crucial for the auto sector. Diplomatic and commercial discussions are underway...

IESW 2025: 200+ Electric Car Makers to Participate

June 12, 2025 11:03

Over 200 electric vehicle makers to participate in India Energy Storage Week (IESW) 2025, boosting India's EV manufacturing. Event features government initiatives like PLI Auto & SPMEPCI.

Minda Corp's JV with Toyodenso for Auto Switches

June 11, 2025 13:57

Minda Corporation forms a joint venture with Toyodenso to manufacture advanced automotive switches for the Indian market. The JV will focus on design, development, and manufacturing.

Maruti e-Vitara Production Cut Amid Rare Earth Shortage

June 10, 2025 21:23

Maruti Suzuki slashes e-Vitara production target due to a rare earth magnet shortage caused by Chinese export restrictions. The impact on the auto industry and calls for government support are...

China's Rare Earth Curbs: Impact on India's Auto Sector

June 9, 2025 22:30

China restricts rare earth exports, affecting India's auto sector. India seeks alternatives & diplomatic solutions. Goyal discusses PLI scheme & self-reliance.

Maruti Production Unaffected by Rare Earth Magnet Shortage

June 9, 2025 18:58

Maruti Suzuki chairman says no impact on production despite rare earth magnet shortage from China. Industry seeks govt support for import approvals.

Continental to Invest Rs 100 Cr in India

June 9, 2025 16:06

Continental will invest Rs 100 crore in India to boost passenger vehicle and light truck tyre production, expanding its product range and focusing on Indian consumer demands.

India Seeks Govt Help for Rare Earth Magnet Imports

June 8, 2025 12:13

Indian auto industry seeks government intervention to expedite rare earth magnet imports from China, facing supply chain disruptions and production halts.

India's EV Import Tax Cuts: Scheme Details

June 2, 2025 16:19

Indian government announces major import tax cuts for electric vehicle manufacturers, promoting local production under a new scheme with investment requirements and domestic value addition mandates.

Continental Exits India Truck Tyre Market

June 2, 2025 16:12

Continental to discontinue its truck and bus radial tyre business in India, focusing on passenger car and light truck tyres. The decision follows a business review and aims to strengthen...

VinFast's TN Investment Ineligible for EV Scheme Benefits

June 2, 2025 15:38

VinFast's $2 billion Tamil Nadu investment won't qualify for Indian EV manufacturing scheme benefits; requires fresh investment of Rs 4,150 crore.

EV Manufacturing in India: Mercedes, VW, Hyundai Show Interest

June 2, 2025 14:22

Mercedes, Volkswagen, Hyundai, and Kia express interest in electric vehicle manufacturing in India under a new government scheme. Details on investment and incentives.

JK Tyre Launches Sustainable Car Tyres with ISCC Plus Certification

May 15, 2025 19:34

JK Tyre has begun producing passenger car tyres using ISCC Plus certified sustainable materials at its Chennai plant. The company aims to promote environmentally responsible innovation with its UX...

JK Tyre Expands Marketing in West Bengal, Northeast

May 13, 2025 13:36

JK Tyre & Industries plans to expand its marketing presence in West Bengal and the northeast region, targeting growth in the truck and passenger car radial segments.

KPIT Acquires Caresoft Engineering Solutions for $191 Million

May 6, 2025 16:05

KPIT Technologies acquires Caresoft Global's engineering solutions business for up to USD 191 million, strengthening its commercial vehicle vertical and accelerating its foray into China.

Skoda Auto Volkswagen India Appoints New Brand Directors

May 5, 2025 16:34

Skoda Auto Volkswagen India announces the appointment of Ashish Gupta as Brand Director for Skoda India and Nitin Kohli as Brand Director for Volkswagen Passenger Cars. The appointments signal a...

Daewoo Enters India's Auto Lubricant Market with MIL

April 29, 2025 15:43

South Korean conglomerate Daewoo partners with Mangali Industries to launch automotive lubricants in India, aiming for a 3% market share in the next 3-4 years. The companies plan to expand...

Goodyear Reviews Farm Tyre Business in India

April 21, 2025 13:27

Goodyear India's US parent to review farm tyre business, exploring strategic, operational, and financial opportunities. The review could lead to a potential transaction, but the outcome is uncertain.

India Aims for 89 Mtoe Energy Reduction by 2030

April 3, 2025 19:17

India's government has unveiled a plan to cut energy consumption by 89 million tonnes of oil equivalent (Mtoe) by 2030, with targets across industry, buildings, transport, and more.

US Tariffs: Opposition Grills Govt in RS

March 27, 2025 20:03

Opposition MPs in Rajya Sabha demand clarification from government on its response to US tariff threats, raising concerns over potential economic impact.

Chidambaram Urges India's Response to Trump's Tariff Threat

March 27, 2025 16:41

Senior Congress leader P Chidambaram calls for India's response to US President Donald Trump's tariff threats, warning of economic consequences. He urges the government to engage in discussions and...

Trump's Auto Tariffs Minimal Impact on India's Auto Sector: GTRI

March 27, 2025 11:36

The US auto tariffs are unlikely to significantly impact India's auto sector, says GTRI. While some categories might face challenges, India could gain in auto parts due to its competitive...

Michelin Seeks Import Continuity for PV Tyres in India

March 26, 2025 15:35

Michelin CEO Florent Menegaux discusses import licence extension for passenger vehicle tyres in India until its new Chennai plant ramps up production.

Car Prices to Rise in April: Maruti, Hyundai, Mahindra Hike Prices

March 23, 2025 11:05

Car prices in India are set to increase from April as major automakers like Maruti Suzuki, Hyundai, and Mahindra announce price hikes due to rising input costs.

CEAT Targets Premium Car Tyre Market Growth

March 19, 2025 18:39

CEAT aims to dominate the premium car tyre segment with new product launches, targeting 25-30% market share in 3-5 years. The company is introducing ZR-rated, CALM Technology and Run-Flat tyres to...

India Should Withdraw From US Trade Talks: GTRI

March 8, 2025 11:49

GTRI advises India to withdraw from US trade negotiations, citing unfair pressure and inaccurate data used by the Trump administration. It suggests a 'Zero-for-Zero' tariff approach and highlights...

India-US Trade Pact: Duty Cuts Boost Exports, Experts Say

March 7, 2025 18:53

Experts say import duty concessions in labor-intensive sectors like leather, textiles, and jewelry under the proposed India-US trade pact could boost Indian exports to the US. The pact aims to...

Tariffs Explained: How They Work & Impact

March 4, 2025 13:51

Learn about tariffs, their effects on trade, and the impact of US tariffs on the economy, consumers, and global relations.

ZF Group Opens First 'ZF (pro) Tech' Workshop in Delhi

February 22, 2025 16:52

ZF Group launches its first state-of-the-art 'ZF (pro) Tech' workshop in Delhi, offering support to automotive industry workshops. The initiative aims to provide unparalleled service and technical...

Record January PV Dispatches Driven by Utility Vehicle Demand: SIAM

February 13, 2025 15:05

Passenger vehicle dispatches in India hit a record high in January 2025, driven by strong demand for utility vehicles, as per SIAM data. Utility vehicle sales rose 6%, while passenger car sales...

Truck Rentals Surge in January: Industry Report

February 5, 2025 17:34

Truck rental rates across major routes in India saw a significant increase in January 2025 due to the arrival of winter fruits and vegetables, according to Shriram Finance. This surge in demand was...

Skoda Volkswagen Challenges $1.4 Billion Tax Notice in Bombay HC

February 5, 2025 13:31

Skoda Auto Volkswagen India challenges a USD 1.4 billion tax demand by Indian customs authorities. The Bombay High Court will hear the plea on February 17. The company is accused of misleading...

Skoda Auto Volkswagen India Challenges USD 1.4 Billion Tax Notice

February 3, 2025 15:23

Skoda Auto Volkswagen India has challenged a Rs 11,000 crore (USD 1.4 billion) tax notice alleging customs duty fraud related to CKD car imports. The company is seeking legal remedies and maintains...

EV Supply Chain Risk: India Needs to De-Risk Imports from China - Economic Survey

January 31, 2025 17:43

India's EV policy needs to focus on de-risking supply chains, with China dominating key components. The Economic Survey 2024-25 urges a self-reliant ecosystem and technology transfer agreements.

India Auto Exports Surge 19% in 2024: SIAM Data

January 26, 2025 16:10

India's auto exports climbed 19% in 2024, driven by strong demand in emerging markets, with two-wheelers, passenger vehicles, and commercial vehicles leading the growth. SIAM highlights the revival...

JK Tyre Secures USD 100 Million Sustainability Loan

January 21, 2025 18:49

JK Tyre receives a USD 100 million sustainability-linked loan from IFC to expand PCR and TBR tyre production capacity, promoting energy-efficient manufacturing and creating jobs in India.

Bridgestone India Forecasts 7-8% Tyre Growth in 2025

January 21, 2025 17:40

Bridgestone India anticipates a 7-8% rise in replacement tyre demand in 2025, driven by increased production capacity and expanding market reach. The company aims to become the premium mass leader...

Indian Can Be President of Suzuki Japan: Toshihiro Suzuki

January 16, 2025 19:02

Toshihiro Suzuki, President of Suzuki Motor Corporation, says nationality isn't a barrier for leadership at Maruti Suzuki India or Suzuki Japan, highlighting the growing importance of the Indian...

Rane & ZF Partner for Electric Power Steering in India

January 6, 2025 17:43

Rane and ZF announce collaboration to introduce rack drive and column drive electric power steering technologies for the Indian automotive market.

Osamu Suzuki: Visionary Leader & Auto Industry Icon

December 27, 2024 19:55

SIAM President lauds Osamu Suzuki's visionary leadership, emphasizing his impact on making cars accessible to millions in India and strengthening Japan-India ties.

myTVS Launches Quick Commerce for Auto Parts; Aims for 250 Stores

December 18, 2024 16:00

myTVS, a leading digital automotive aftermarket platform, enters the quick commerce segment for auto parts distribution. They plan to establish 250 myTVS Hypermart stores across India over the next...

JK Tyre Secures 30 Million Euro Loan for Expansion

December 12, 2024 19:59

JK Tyre & Industries receives a long-term loan of 30 million euros from DEG, Germany, to expand its passenger car radial tyre facility in Madhya Pradesh.

Skoda Auto Volkswagen India Faces Customs Duty Fraud Probe

November 29, 2024 20:23

Skoda Auto Volkswagen India is under investigation for alleged customs duty fraud on imported CKD cars. The group claims full cooperation with authorities. Read more.

Tesla, Starlink India Investment: No Discussion Yet - Goyal

November 28, 2024 18:26

India's Commerce Minister Piyush Goyal says no discussions have taken place regarding investments by Tesla and Starlink in India. Both companies are subject to regulations by different ministries.

India Enters 'Smartphone Era' for Cars with 5G & AI in 2025

November 17, 2024 14:28

India's automotive sector is set to embrace 5G M2M connectivity and advanced AI technologies in 2025, transforming the driving experience with features like communication apps, entertainment...

Sterling Tools Profit Soars 40% in Q2 FY25

November 15, 2024 15:21

Sterling Tools Ltd, an electric vehicle component manufacturer, reported a 40% jump in profit after tax to Rs 17.5 crore in Q2 FY24, driven by strong growth in its SGEM business. Total income also...

JK Tyre Q2 PAT Down 42% to Rs 144.25 Cr

November 5, 2024 19:38

JK Tyre & Industries reported a 42% decline in Q2 PAT to Rs 144.25 crore, impacted by rising natural rubber prices and subdued demand. The company expects demand to improve in the second half of...

Maruti Suzuki Car Production: Oct 2024 Update

November 4, 2024 13:53

Maruti Suzuki India witnessed a 16% decline in passenger car production in October 2024, while utility vehicle production surged by 33%. Read more about the production figures for various car models.

Hyundai IPO Shows Commitment to India: CEO

October 22, 2024 15:18

Hyundai Motor Company's IPO of its Indian arm highlights its commitment to the country, says Hyundai Motor Group Executive Chair Euisun Chung. Learn more about the IPO, HMIL's future plans, and...

Hyundai to Modernize TN Plant for Rs 1,500 Cr

October 17, 2024 15:35

Hyundai Motor India plans to revamp and modernize its Tamil Nadu plant at a cost of Rs 1,500 crore, creating 155 new jobs and expanding the facility to 7.21 lakh sq meters.

India's Energy Demand to Skyrocket: IEA Outlook

October 16, 2024 16:34

India's energy demand will surge by 2035, with car additions exceeding 12,000 daily 'ACs consuming more power than Mexico. Learn about the IEA's projections for India's energy future.

Skoda Kylaq: Compact SUV for Lucrative Indian Market

October 15, 2024 19:16

Skoda is entering the high-volume sub-4 meter SUV segment in India with the Kylaq, aiming to tap into the growing market with its new compact SUV. The company plans to launch the Kylaq early next...

Ratan Tata's Revenge: How Humiliation Led to Jaguar & Land Rover Acquisition

October 10, 2024 12:34

Discover how Ratan Tata turned Ford's rejection into a triumph by acquiring Jaguar & Land Rover, creating a success story for Tata Motors.

Tata's Revenge: From Humiliation to Buying JLR

October 10, 2024 09:16

Learn how Tata Motors, after facing humiliation from Ford in 1999, turned the tables by acquiring Jaguar Land Rover in 2008, showcasing a remarkable turnaround story.

Michelin India Tyre Plant: Foundation Stone Laid in TN

September 21, 2024 17:36

Michelin lays foundation stone for its new tyre plant in Tamil Nadu, with an investment of Rs 563.67 crore. The plant will produce passenger car tyres using Industry 5.0 principles and advanced...

Uno Minda Invests Rs 610 Cr in Indonesia Plant & India Expansion

September 19, 2024 14:32

Uno Minda announces over Rs 610 crore investments for a new plant in Indonesia and capacity expansion in India. The move caters to growing demand for passenger car components in both markets.

India Tops South African Vehicle Imports: BRICS+ Report

September 17, 2024 00:05

India has become the top country of origin for vehicle imports to South Africa, according to the Automotive Business Council's BRICS+ Research Report 2024. Learn about the trends driving this growth.

ZF Rane Opens Inflator Facility in Tamil Nadu - Rs 100 Crore Investment

September 13, 2024 20:18

ZF Rane Automotive India has inaugurated a Rs 100 crore inflator manufacturing facility in Tamil Nadu, aiming to enhance local content in airbags and support the 'Make in India' initiative.

Scrap Pre-BS Vehicles: Top Official Calls for Action

September 12, 2024 22:01

India's Road Transport Secretary calls for scrapping pre-BS era vehicles due to pollution and safety concerns, highlighting the need for a scrapping policy focused on pollution levels.

Ceat Launches New Truck & Bus Tyre Line in Chennai

September 11, 2024 14:02

Ceat commissions a new line at its Chennai plant to produce truck and bus radial tyres, aiming to expand its global footprint and meet growing demand.

FAME 3 Scheme Finalization in 1-2 Months: Govt

September 4, 2024 13:03

India's FAME 3 electric mobility scheme is expected to be finalized within 1-2 months, with the government addressing concerns from the first two phases. The scheme will replace the current EMPS...

Moody's Upgrades Tata Motors Rating to Ba1, Outlook Positive

August 7, 2024 20:30

Moody's upgrades Tata Motors' corporate family rating to Ba1 from Ba3 citing sound governance practices and strong financial performance. The ratings agency maintains a positive outlook.

Gulf Oil Profit Soars 29% in Q1: Revenue Up 9%

August 6, 2024 21:11

Gulf Oil Lubricants India reported a 29% rise in net profit to Rs 88.02 crore in the April-June quarter, driven by strong revenue growth and EBITDA margin expansion. The company remains bullish on...

Bosch Q1 Profit Up 14% to Rs 466 Cr | Auto Components Maker

August 6, 2024 20:37

Bosch's consolidated profit after tax increased by 14% to Rs 466 crore in Q1 FY24, driven by growth in the passenger car segment. Total income rose to Rs 4,496 crore.

Ceat Q1 Profit Rises 7% to Rs 154 Cr, Revenue Up | Business News

July 18, 2024 19:13

Ceat's net profit for Q1 FY24 grew by 7% to Rs 154 crore, driven by strong performance in replacement and export segments. Revenue also increased to Rs 3,193 crore.

CEAT Q1 Profit Up 7% to Rs 154 cr - Tyre Maker Reports Strong Growth

July 18, 2024 19:03

CEAT Ltd's net profit rose 7% to Rs 154.18 crore in the June quarter, driven by strong growth in replacement and export segments. Read more.

Mercedes-Benz to Assemble More EVs in India | Zero Emission Goals

July 14, 2024 10:30

Mercedes-Benz is considering assembling more EVs in India to achieve its zero emission mobility and carbon neutrality goals, aiming for cost advantages and market demand.

Volkswagen Launches First Certified Pre-Owned Store in Coimbatore

July 3, 2024 19:52

Volkswagen opens its first certified pre-owned car store in Coimbatore, Tamil Nadu, offering a wide selection of inspected and warranted vehicles.

Passenger Vehicle Sales Growth Forecast: 3-5% in FY25 | CareEdge Report

June 24, 2024 13:37

Passenger vehicle sales are projected to grow 3-5% in FY25, driven by SUV demand and expected interest rate cuts, but face challenges from high-base effects and shrinking order books. Read the...

FADA Raises Concerns Over High Auto Inventory, Plans SIAM Talks

June 14, 2024 22:10

FADA, the apex body for auto retailers, expresses concern over high inventory levels and plans to discuss the issue with SIAM. The organization also seeks continuity in FAME-3 policy and...

India to Lead Global Fuel Demand Growth: IEA

June 12, 2024 15:15

India's oil demand is projected to rise significantly, driven by economic growth and increasing car ownership. IEA forecasts India to be the key driver of global oil demand in the second half of...

Volkswagen India Offers 6 Airbags in Taigun, Virtus

June 3, 2024 18:49

Volkswagen India announces all variants of its Taigun and Virtus models will feature 6 airbags, enhancing safety and meeting customer demand for safer vehicles.

Bosch Q4 Profit Surges 41% to Rs 564 Cr - Auto Components Maker

May 24, 2024 18:56

Bosch India's net profit for Q4 FY24 soared by 41% to Rs 564 crore, driven by strong demand in passenger cars and consumer goods. Total income also rose to Rs 4,459 crore.

Pre-owned Car Market to Reach 1.09 Cr Units by FY28: Report

May 23, 2024 17:23

India's pre-owned car market is expected to reach 1.09 crore units by FY28, with value exceeding USD 73 billion. The report highlights the growing demand for used cars, driven by factors like...

JK Tyre Q4 Profit Surges 54% to Rs 172 cr

May 21, 2024 19:05

JK Tyre's net profit for Q4 FY24 jumped 54% to Rs 172 crore, driven by higher sales. The company also reported a three-fold increase in full-year profit.

India's New EV Policy: Stakeholders Meeting & Tesla's Interest

May 20, 2024 19:39

India's Ministry of Heavy Industries will hold a second stakeholders meeting to finalize guidelines for the new EV policy, which aims to attract global automakers like Tesla. The policy...

India's EV Policy Attracts Global Companies: DPIIT Secy

May 18, 2024 13:47

India expects strong response from global automakers on its EV policy, offering tariff incentives for manufacturing. The policy aims to attract major players like Tesla and boost domestic production.

Tesla Silent on India Plans: Official | EV Policy

May 17, 2024 18:21

Tesla remains silent on its India plans despite the government's new EV policy, which offers import duty concessions for manufacturing units. Elon Musk's visit was postponed.

India's EV Policy: Detailed Guidelines & Investment Incentives

May 17, 2024 17:46

India's government is finalizing detailed guidelines for companies investing in electric vehicles, including import licenses, investment commitments, and duty concessions. The policy aims to...

Sterling Tools Profit Doubles, EV Division Drives Growth

May 13, 2024 20:46

Sterling Tools Ltd's profit after tax doubled in the March quarter, driven by its electric vehicle division. The company also announced leadership changes as part of a succession plan.

Suzuki to Expand SUV Portfolio in India to Regain Market Share

May 13, 2024 16:38

Suzuki Motor Corporation plans to expand its SUV offerings in India to recover its market share, aiming for a 40 lakh unit production capacity by FY2030. The company expects record sales and...

Tata Motors Focuses on Market Development to Boost EV Adoption in India

May 10, 2024 19:49

Tata Motors, despite missing its EV sales target, is confident of exceeding 1 lakh units in FY25. The company is focusing on market development, addressing concerns about charging infrastructure...

Volkswagen Expands in Tamil Nadu with New Store

May 4, 2024 16:44

Volkswagen strengthens its presence in Tamil Nadu with a new store in Chennai, adding to its growing network of sales and service facilities in India.

ASK Automotive & AISIN JV for Passenger Car Parts

April 24, 2024 19:56

ASK Automotive and AISIN Group have formed a joint venture to market and sell auto components for passenger cars in India, Nepal, Sri Lanka, and Bangladesh.

Elon Musk Delays India Visit Due to Tesla Obligations

April 20, 2024 11:34

Elon Musk postpones his India visit due to Tesla commitments, but plans to visit later this year. The visit was anticipated to include discussions on Tesla's entry into the Indian market and...

TVS Mobility & Mitsubishi JV for Vehicle Mobility Ecosystem in India

February 19, 2024 15:32

TVS Mobility and Mitsubishi Corporation form a joint venture to establish a comprehensive vehicle mobility ecosystem in India, aiming for USD 2 billion revenue in 3-5 years. The partnership will...

Gulf Oil Lubricants Q3 Profit Rises 29% to Rs 80.74 cr

February 6, 2024 14:41

Gulf Oil Lubricants reported a 29% increase in profit after tax to Rs 80.74 crore in the December 2023 quarter, driven by growth in agri and PCMO segments. The company also saw a rise in revenue...

India Shouldn't Cut Auto Tariffs in FTAs: GTRI

January 31, 2024 12:15

GTRI warns India against reducing import duties for the auto sector in free trade agreements, arguing it could harm domestic companies and lead to closures.

CEAT Targets Growth in Indian Replacement Tyre Market

January 28, 2024 11:12

CEAT aims to capitalize on rising passenger vehicle sales in India, boosting the replacement tyre market. The company is also expanding into the US with passenger and truck/bus radial tyres.

CCI Approves JSW Group's Stake in MG Motor India

January 24, 2024 11:56

The Competition Commission of India (CCI) has cleared JSW Group's acquisition of a 38% stake in MG Motor India, a subsidiary of SAIC Motor. The deal involves JSW Ventures Singapore Pte Ltd, a...

World Stocks Mixed, Tokyo Rallies | Global Markets Update

January 12, 2024 18:11

Global stock markets are mixed, with Tokyo's benchmark soaring to its highest level since 1990. US futures edged higher, while oil prices surged. Read more.

SUV Demand Drives Indian Passenger Vehicle Sales Past 40 Lakh in 2023

January 12, 2024 15:33

Passenger vehicle wholesales in India surpassed 40 lakh units in 2023, driven by strong demand for SUVs. Utility vehicles sales jumped 22.4% while passenger car sales dipped 8%.

UK Seeks Auto Sector Access in India FTA

January 5, 2024 20:56

The UK aims for a larger share of India's auto market under a proposed FTA. Commerce Secretary Barthwal highlights India's growing role in auto manufacturing, including EVs. The Bharat Mobility...

Brakes India Launches Gear & Transmission Oil - Revia Brand

January 5, 2024 18:28

Brakes India expands its Revia brand with the launch of gear & transmission oil for passenger and commercial vehicles. Learn more about this new product.

Maruti Suzuki Faces Rs 173.9 Cr GST Demand in Gujarat

January 3, 2024 18:46

Maruti Suzuki India's subsidiary Suzuki Motor Gujarat Pvt Ltd faces a Rs 173.9 crore GST demand in Gujarat. The company plans to appeal the decision.

Skoda Auto India to Increase Car Prices from Jan 1

December 12, 2023 19:58

Skoda Auto India will hike prices of its vehicles by around 2% from January 1, 2024, citing rising input and operational costs. The price increase will affect all models, including the Kushaq,...

Volkswagen India to Hike Car Prices in January

December 12, 2023 15:17

Volkswagen Passenger Cars India will increase prices of its vehicles by up to 2% from January 1, 2024, citing rising input costs. Other carmakers have also announced similar price hikes.

India EV Market Poised for Growth: Report

December 7, 2023 20:46

India's electric vehicle (EV) market is expected to grow significantly, with potential for over 40% penetration by 2030. The report highlights key growth drivers, challenges, and opportunities...

Nissan to Invest USD 1.4 Billion in UK EV Factory

November 24, 2023 17:51

Nissan will invest USD 1.4 billion to make electric versions of its best-selling cars at its UK factory, boosting the British economy and creating new jobs.

Nissan Invests $1.3 Billion in UK EV Production

November 24, 2023 16:20

Nissan will invest over $1.3 billion to update its UK factory to produce electric versions of its best-selling Qashqai and Juke models, boosting the UK's economy.

JK Tyre Sees Robust Tyre Demand Amid Economic Growth

November 5, 2023 12:17

JK Tyre's CMD expects strong tyre demand in India driven by robust GDP growth, infrastructure development, and rising car sales. The company plans to boost production capacity by 20% by 2025.

Tyre Demand Robust: JK Tyre CMD on Economic Growth

November 5, 2023 10:45

JK Tyre expects strong tyre demand in India due to positive economic environment, robust GDP growth, and infrastructure development. The company plans to increase tyre production capacity by 20% by...

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Vodafone Idea L
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Billionbrains Garage
138.09 (+ 5.46)
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Spright Agro
0.58 ( -4.92)
74859080

Welcure Drugs &
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48551461

Sunshine Capital
0.28 (+ 3.70)
27967131

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