Auto Industry

SAIC Motor, a global Fortune 500 company with annual revenues of around US$ 110 billion and a presence in over 100 countries and the US$ 23 billion JSW Group, (India’s leading conglomerate with interests across B2B ...

Business leaders in the automotive space hailed the Interim Budget 2024-25 presented by Finance Minister Nirmala Sitharaman for its clear focus on strengthening the electric vehicle ecosystem at large.

In a significant milestone, e-Sprinto, an electric two-wheeler manufacturer, has successfully sold over 8000 electric scooters since its inception in March 2022.

The Directorate of Enforcement (ED) has recovered and seized foreign currency, cash, gold and diamond jewellery (including foreign origin gold) worth 25 Crore (approx.) along with certain incriminating documents inc...

Modern Automotives Ltd. has become the first Indian company to achieve approval for deliveries of differential pinion shaft to BMW AG Munich. The order comprises 2.5 million units to be delivered by 2034.

BorgWarner has opened a 95,000 square foot electric propulsion engineering centre in the Whitefield neighborhood of Bangalore, India. The team there will work on inverters, DC/DC converters, on-board chargers, integ...

Sona BLW Precision Forgings Ltd. (Sona Comstar), one of the leading global providers of automotive technology solutions, has signed an agreement to acquire a 54% equity stake in Novelic, a Serbia-based company found...

Professor Sir Ralf Speth, Chairman of TVS Motor Company has been admitted as a Fellow of The Royal Society. A celebratory occasion, the New Fellow Admissions Day ceremony for those elected in 2020 occurred on June 2...

Dr. Lakshmi Venu has taken over as the Managing Director of Sundaram-Clayton Limited (SCL), one of India’s leading auto components manufacturer at the board meeting held on May 6, 2022. Dr.Venu was the Joint Managin...

TVS Motor Company has announced at its board meeting the elevation of Sudarshan Venu as Managing Director of the company effective May 5, 2022.

Indian global automotive components manufacturer Advik Hi-Tech Private Limited”) has announced that it has signed a Joint Venture (JV) with Australian clean energy Company Pure Hydrogen Corporation Limited.

Yamaha Motor Moto Business Service India (MBSI) announced its entry into the EV segment for 4 - wheeler asset management services by partnering with Malbork, a Bangalore based all electric sustainable energy powered...

Rahul Bajaj, the industrialist who minced no words in calling a spade a spade, is no more. He was the cowboy of Indian auto industry, who feared no one. Rahul Bajaj, who was ailing for some time, breathed his last o...

Pre-owned car retailing platform Spinny has acquired a 100% stake in AI-powered connected car startup Scouto. The deal will mark one of the first consolidations in the AI-powered used car solutions segment where Spi...

Sundaram-Clayton Limited (SCL), a leading auto component manufacturing and distribution group, announced that R Gopalan, Non-Executive Independent Director of the Company has been appointed as Chairman of the Board ...

TVS Motor Company announced the successful acquisition of a 75% stake in the Swiss E-Mobility Group (SEMG). The acquisition reaffirms TVS Motor Company’s commitment to expansion in Europe through a portfolio of prem...

As per a research report released by Emkay Global Financial Services the overall revenue growth for companies (ex-Tata Motors) under coverage to remain flat YoY in Q3FY22, as volume growth was affected by temporary ...

Napino Auto & Electronics Ltd, a leading automotive component designing & manufacturing company, has announced partnership with Kerdea Technologies Inc. a US based company with proprietary O2 Sensor (resistive techn...

Ather Energy, India’s leading EV scooter brand, commissioned its second manufacturing facility in Hosur to cater to the growing demand of its electric scooters - the 450X and 450 Plus. The company plans to manufactu...

Igus, the global leader in motion plastics, has announced an aggressive growth plan and strategy in the backdrop of 20 successful years of operations in India. As the 9th largest market globally and the 3rd largest ...

Norton Motorcycles has announced the completion of its new global headquarters. The all-new facility houses state-of-the-art manufacturing capability and the company’s new global design and R&D hub. It forms a key p...

Auto industry stalwarts Venu Srinivasan, Chairman, TVS Motor Company and Anand Gopal Mahindra of Mahindra & Mahindra, were presented the prestigious Padma Bhushan Award by the President of India, Ram Nath Kovind, at...

TVS Motor Company has announced a partnership with Swiss technology company EGO Movement as a majority shareholder, in an all-cash deal through its Singapore Subsidiary TVS Motor (Singapore) Pte Ltd. The partnership...

The Government has approved a Production Linked Incentive (PLI) Scheme for the Indian auto industry and also the drone industry to enhance India’s manufacturing capabilities

Bajaj Auto’s clout in the global motorcycle market, both in the conventional IC engine space as well as the electric two wheeler space, will increase considerably once the proposed simplified equity structure in the...

Sterling Gtake E-mobility Ltd (SGEM), NCR-based motor control units (MCUs) manufacturer for electric vehicles has announced that it has secured an order worth Rs 60 crore for MCUs from a leading 2W EV OEM.

Leading car manufacturer Hyundai Motor India Ltd (HMIL), achieved a production milestone by rolling out its 10 millionth car from its manufacturing facility in near Chennai in the southern state of Tamil Nadu.

The electric vehicle industry has welcomed the Indian Government's move to increase subsidy to electric bikes and scooters by 50%, subject to those that meet the Faster Adoption and Manufacturing of Hybrid and Elect...

The retail sales of automobiles plunged for the month of May 2021 with sales falling by as much as (-) 55 per cent on month on month (MoM) basis. The industry witnessed a bloodbath, claimed the Federation of Automob...

The Goodyear Tire & Rubber Company has announced that it has completed its acquisition of Cooper Tire & Rubber Company, finalising the merger agreement made public on February 22, 2021.

Okinawa Autotech, a leading electric vehicle (EV) manufacturer has announced a range of milestones achieved over the last financial year, as well as the roadmap for the ongoing financial year. The company clocked a...

TVS Motor Company (TVS), owner of Norton Motorcycle Co Ltd (Norton) has announced the appointment of Dr Robert Hentschel as Chief Executive Officer (CEO) and Vittorio Urciuoli as Chief Technical Officer (CTO) of the...

Suzuki Motorcycle India Pvt. Ltd. (SMIPL), announced the appointment of Satoshi Uchida as the new company head. As a part of the SMC’s global revamp, Satoshi Uchida succeeded Koichiro Hirao with effect from May 1, 2...

A couple of days after Jagdish Khattar died on April 26, 2021, India’s leading car manufacturer Maruti Suzuki released half page obituaries in the country’s leading newspapers.

India’s leading rating agency ICRA has estimated that the revenue decline for the Indian auto component industry will be limited to 6-8% in FY2021 supported by the better-than-expected demand pick-up across most seg...

TVS Motor Company has announced the appointment of global automotive industry icon Prof Sir Ralf Speth to its Board of Directors. The company further announced the appointment of Kuok Meng Xiong as an Independent D...

Tyre majors Goodyear Tire & Rubber Company and Cooper Tire & Rubber Company announced that they have entered a definitive transaction agreement under which Goodyear will acquire Cooper in a transaction with a total ...

UK based Norton Motorcycle Co Ltd, acquired by India’s TVS Motor Company in early 2020 has announced that the company is moving to a new headquarters. The state-of-the-art production site located in Solihull, West M...

Electric two wheeler company Hero Electric has announced its partnership with Delhi-based start-up Earth Ride, to provide e-bikes to the youth of the country searching for new business enterprises.

The demand and volumes of electric two wheelers (e-2Ws) have witnessed a very lackadaisical growth in recent years and despite the government’s thrust on adoption of electric vehicles (EV).

Finally there will be a physical meeting with the 2021 edition of ACMA Automechanika New Delhi show being organised in April 2021. This will be the first meeting point for “face-to-face networking” to revive trade d...

Motherson Sumi Systems Limited (MSSL), via its Mexican subsidiary, Motherson Rolling Stocks S. de R.L. de C.V. (MRS), has signed an asset sale and purchase agreement to acquire the activities of Electrical Wiring In...

With social distancing the norm of the day during the prevailing covid-19 pandemic, Luxury Ride, a growing chain of pre-owned luxury cars, announced that it is expecting as much as 60% of all its revenues to come fr...

As both Fiat Chrysler Automobiles N.V. and Peugeot S.A. ("Groupe PSA") move towards the completion of their 50:50 merger as defined in the Combination Agreement announced on December 18, 2019, the two companies have...

Hyundai Motor India has introduced the intelligent Manual Transmission (iMT) on the Hyundai Venue SUV that comes with a one litre turbo GDI BS6 petrol engine.

Royal Enfield posted sales (both domestic and exports) of 35,814 motorcycles in the month of March 2020, against the sales of 60,831 motorcycles for the same month last year, thereby registering a minus (-) 41 per c...

Barely five months after rejecting French auto major Groupe Renault as its bed partner, Fiat Chrysler Automobiles (FCA) has hopped back into the bed with another French automobile major – Groupe Peugeot S.A. Accordi...

For Union Minister Nitin Gadkari, it’s been a journey from taking on a confrontationist attitude to one of being benign and accommodating. At the 59th Annual Convention of the Society of Indian Automobile Manufactu...

Hyundai Motor India registered domestic sales of 38,205 units and exports of 17,800 units with cumulative sales of 56,005 Units for the month of August 2019. The company had sold 45,801 units in Aug 2018. The degrow...

Audio equipment giant Sennheiser, has entered the automotive sector with an Ambeo immersive audio solution for in-car entertainment and communication in collaboration with Southern California-based luxury automaker,...

The government has announced the reduction of Goods and Services Tax (GST) rate on all electric vehicles from 12% to 5%. The GST rate on charger or charging stations for Electric vehicles is also reduced from 18% to...

Tata Motors has won an order for supplying over 200 units of the Tata Hexa four-wheel drive SUV in Bangladesh. The company has won this prestigious order from Bangladesh Army.

The Indian auto industry is not too happy with the aggressive road map being laid out by the government in bringing electric vehicles into the country. Both the Society of Indian Automobile Manufacturers (SIAM) and ...

Fiat Chrysler Automobiles N.V. has delivered a non-binding letter to the Board of Groupe Renault proposing a combination of their respective businesses as a 50/50 merger. Groupe Renault has confirmed receipt of a pr...

The US $ 1.5 billion India based JBM Group with business interest in auto systems and assemblies has acquired major shareholding in Germany based Linde-Wiemann GmbH KG, a leading manufacturer of complex structural ...

In an industry first initiative, Nippon Paint, Asia’s leading paint manufacturer has announced the launch of Nippon Paint X’press, its unique car painting and car care centre concept in India. The first Nippon Paint...

Building on its ‘Hamara Bajaj’ roots, two-wheeler manufacturer Bajaj Auto Ltd released its new brand identity as “The World’s Favourite Indian” to announce its transition from a domestic scooter maker to a global mo...

Electric vehicle manufacturers like Gonenka Electric Motors, Mahindra Electric, ETO Motors, Soni E-vehicle, Altius Technologies, Geekay E-Bicycles, HIM Technoforge, Thukral Electric Bikes, Champion Polyplast and o...

Sun Mobility, a leading provider of energy infrastructure and services for electric vehicles (EVs), announced a partnership with SmartE, India’s largest electric vehicle fleet operator, to deploy its universal energ...

The Bombay High Court in a land mark ruling has relieved the restriction of MSHSD control order, 2005, for sale of biodiesel as a transportation fuel into internal combustion engines.

Sundaram-Clayton Ltd. (SCL), a member of the TVS Group, inaugurated its new foundry at Oragadam, near Chennai, in Tamil Nadu. The new facility was inaugurated by Young Key Koo, Managing Director and CEO of Hyundai M...

Mahindra First Choice Wheels, India’s leading multi-brand certified used car company has launched its “Edition” brand, the country’s first premium used cars franchise network.

Tremendous opportunities await the auto component industry in India on the back of the growing vehicle consumption in India on one hand and the introduction of next generation mobility on the other. ACES – Autonomou...

After one year of successful journey of Rico Auto in the aftermarket two-wheeler market, the Arvind Kapur-controlled company has announced its foray in the 4- wheeler aftermarket component segment. The announcement ...

Iconic motorcycle manufacturer of the US and a favourite company of US President Donald Trump is beginning to appreciate the flavour of Indian curry. It has just announced its own recipe for the Indian palate wherei...

Nissan Motor Co., Ltd. unveiled a major expansion strategy in the Africa, the Middle East and India region as part of the company’s six-year mid-term plan, Nissan M.O.V.E. to 2022.

Bharat Forge Ltd., a Pune based global leader in metal forging, has announced a strategic investment of UK Pounds 10 million (Rs 90.30 crore approx.) in Tevva Motors (Jersey) Limited, a company incorporated and regi...

Volvo Cars, the premium car maker, has announced new financial and operational ambitions that will position the company as a leading player in the global automotive business by the middle of the next decade.

Auto and farm equipment major Mahindra & Mahindra has finally found its place in the sun after several years of perseverance and hard work, the last three years being significant ones that led to the company transfo...

Audi aims to sell approximately 800,000 fully electric cars and plug-in hybrids in the year 2025. At the Annual General Meeting of AUDI AG held on May 9, 2018, the Board of Management presented the updated “Audi.Vor...

Interview with Pradeep David, General Manager, Universal Robots – South Asia. Universal Robots

Motherson Sumi Systems Limited (MSSL), the flagship company of the Samvardhana Motherson Group (SMG), through its step down subsidiary Samvardhana Motherson Automotive Systems Group B.V. (SMRP BV), has announced th...

With a new management in place at Lexus India, the company launched the highly anticipated fifth generation LS500h which will soon be available in India at a starting price of Rs 1.77 crore. The Lexus LS500h is now ...

Barely a few days after Toyota Kirloskar announcing that N Raja has been promoted as the Deputy Managing Director [subject to board approval] covering Sales & Service functional areas, comes the announcement that h...

Kinetic Engineering Limited, part of the Kinetic Group of Companies headed by Arun Firodia which transformed its business from two-wheelers to auto component systems since 2009, has in a board meeting held on Decemb...

Advik Hi-Tech, a leading global automotive component manufacturer announced that it has won 6 orders for supply of Transmission Oil Pumps from Magna Powertrain, the largest independent supplier of 4WD/AWD systems gl...

The Rs 2.90 trillion (FY2017) domestic auto component industry is expected to grow by 9-11% during FY2018, driven by robust growth expectation in domestic passenger vehicles (PV)s and two wheelers (2W) segment.

TVS Motor Company has launched the TVS Apache RR 310. The motorcycle marks TVS Motor Company’s entry into the super-premium segment, both in domestic and international markets. The TVS Apache RR310 will be availabl...

Pricol Limited, a leading manufacturer of automotive components and solutions provider for the global automotive market, has announced an exclusive Joint-venture agreement with Zorg Industries (Hong Kong) Limited to...

Osram India, a wholly owned subsidiary of Osram GmbH (Germany), one of the world’s leading lighting manufacturer and the world market leader in automotive lighting, has announced the launch of its new range of high ...

The government has announced a graded duty revision on cars, as part of the GST (Goods & Service Tax) council’s rate revision. As part of this graded increase, an additional cess of 2% has been levied on mid-size c...

Several auto industry leaders blasted the Indian government for intermittent regulatory uncertainties and urged the government to come out with clear and firm policy guidelines.

Prashanth Doreswamy will succeed Claude d'Gama Rose as the Market Head of Continental India and Managing Director, Continental Automotive India. Rose who will be retiring shall be succeeded by Doreswamy on October 1...

Mercedes-Benz India has categorically stated that the decision of the Goods and Services Tax Council to raise the cess on luxury cars from the current level of 15pc to 25pc will be a strong deterrent to the growth o...

SAIC Motor Corporation, one of the biggest corporations in the world and the largest automobile giant in China, has announced its plan to enter the Indian automobile market through a fully-owned car manufacturing fa...

Interview with Pietro Gorlier, CEO, Magneti Marelli and Saju Mookken, Country Manager & MD, Magneti Marelli India

Sundaram-Clayton Limited (SCL) is planning to invest Rs 400cr over 3 years to expand its facilities in India. This will increase its capacity from 60,000 MT to 70,000 MT. SCL has 4 manufacturing plants situated in ...

Leading global auto components major Motherson Sumi Systems Ltd (MSSL) controlled by Vivek Chaand Sehgal has announced plans to acquire PKC Group Plc of Finland for around Euros 571 million (approximately Rs 4160 cr...

Rockman Industries, a Hero Group company has acquired a majority stake in Moldex Composites, a British-Indian venture, thereby making its intention known that it is investing in next-gen carbon composites technology...

Ratan Tata is back as the interim Chairman of Tata Sons. The Tata Sons Board took a decision to replace Cyrus P. Mistry as Chairman. This sudden decision which was taken at a Board meeting held in Mumbai on October ...

Huntsman Corporation has named Harshad Naik as Managing Director, India Subcontinent, effective September 2016. Huntsman manufactures products for a variety of global industries, including automotive.

Varroc Lighting Systems India Pvt Ltd., a wholly owned entity of the Varroc Group and a leading company in the Indian automotive industry, has been named the recipient of the ‘India Automotive Lighting Technology In...

Interview with Sanjay Gupta, Sr. Director, NXP Semiconductors. Gupta says that according to IMS Research, the global market for automotive electronics is set to rise to Rs.13.04 lakh crore ($240 billion) in 2020.

Interview with Shirish Kulkarni, Chairman, DSK Motowheels

Interview with Ayush Lohia, CEO, Lohia Auto Industries Limited

‘Kabali’, the blockbuster Tamil movie starring south Indian superstar Rajnikanth got off to a roaring start in July 2016 across cinema halls in India. While Rajnikanth is, without doubt, a showstopper and a star to ...

The bite of the Chinese dragon is beginning to get fatal for the Rs 50,000 crore Indian tyre industry. On the one hand while Indian tyre majors are facing a severe shortage of raw material like rubber in the countr...

Interview with Prasan Firodia, Managing Director, Force Motors Ltd

Force Motors has inaugurated a new engine and axle assembly plant exclusively for Mercedes-Benz India in Chakan, Pune. The Firodia controlled company has invested around Rs 100 crore in this new greenfield facility....

Volvo Cars, the premium car maker, has announced it is seeking to raise Euros 500m (Rs 3798 crore) from a bond issue, its first foray into the global corporate bond markets in its 89 year history. The Swedish compan...