Auto Industry

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.

BMW Group India has continued its record-breaking success in 2023 by posting the best-ever annual sales (January – December) – for all three brands – BMW, MINI and BMW Motorrad. BMW Group India delivered 14,172 cars...

After posting the best-ever half-year in 2023, BMW Group India continues the success story by posting the best-ever year to date sales (January – September) – for all three brands – BMW, MINI and BMW Motorrad. In th...

Maruti Suzuki True Value has achieved a landmark milestone of selling 50 lakh pre-owned cars. Introduced in 2001, it has been a one-stop destination to buy and sell quality pre-owned cars. The hassle-free purchase a...

BYD India, a subsidiary of the world's leading New Energy Vehicle manufacturer BYD, announced the signing of a Memorandum of Understanding (MOU) with Bajaj Finance Limited (BFL), the lending arm of Bajaj Finserv Ltd...

Society of Manufacturers of Electric Vehicles (SMEV), the registered association representing Indian manufacturers of electric vehicles , has in its latest communication reached out to the Minister of Commerce and I...

The Society of Manufacturers of Electric Vehicles (SMEV), the registered association representing Indian manufacturers of electric vehicles, has petitioned the National Green Tribunal (NGT) expressing concerns that ...

Usually every industry has a body that represents the genuine grievances, fears and wishes of companies it represents. The Society of Indian Automobile Manufacturers (SIAM) represents OEMs (vehicle manufacturers) op...

Keshub Mahindra, Chairman Emeritus, Mahindra Group passed away peacefully in the morning of April 12, 2023. The 99-year-old, nonagenarian, was a well-known philanthropist who redefined good corporate governance in I...

“India should target making two and three-wheelers sales 100% electric in the next five years. This will not only help reduce air pollution but also ensure that we become a global manufacturing champion for electri...

In a big push towards widening the pool of women workforce in the automotive manufacturing sector, Pinnacle Industries has announced one of the largest women-only recruitment campaigns christened as ‘EvolutioNARI’.

BorgWarner has announced Brady Ericson will serve as President and Chief Executive Officer, and Chris Gropp will serve as Executive Vice President and Chief Financial Officer of the separate, publicly traded company...

Mercedes-Benz India announced an organisational change in its Sales & Marketing function effective from February 1, 2023. Lance Bennett, currently associated as the General Manager and Company Director, Mercedes-Ben...

Nalin Jain has been named as the Executive Director - Finance and IT of Skoda Auto Volkswagen India Private Limited (SAVWIPL). He succeeds Martin Mahlke who successfully steered the financial strategy for the Group’...

British International Investment (BII), the UK’s Development Finance Institution and impact investor and Mahindra & Mahindra (M&M) have executed a binding agreement to invest up to Rs. 1,925 crore each into a wholly...

The Automotive Skills Development Council (ASDC) has partnered with National Program on Career Awareness (NPOCA) for its flagship programme, the ASDC National Automobile Olympiad. The Automobile Olympiad is a nation...

Nissan Motor India Ltd inaugurated its new Corporate Headquarters in Gurugram, one of India’s largest hubs for international businesses.

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...

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 ...

Hero Electric has partnered with ReadyAssist, a leading 24/7 roadside assistance company for training and upskilling 20,000 mechanics for servicing EVs under its Private Garage Owners (PGO) initiative. With the risi...

Automotive Skills Development Council (ASDC), the first Sector Skill Council of India, has announced the appointment of their new president Vinod Aggarwal during the ASDC Annual Conclave 2021.

Ford India has announced that it will cease manufacturing vehicles for sale in India immediately. The manufacturing of vehicles for export will wind down at Sanand vehicle assembly plant by Q4 2021, and Chennai engi...

ZF Friedrichshafen AG (ZF) has divested its entire equity stake in Brakes India, a leading supplier of braking systems in the Indian market and a global supplier of ferrous castings. The acquisition of ZF’s equity s...

Can you recall any Indian automobile manufacturer that has a railway station named after it? Yes, the iconic Hindustan Motors Ltd. (HML) has one named after it and it goes by the name of “Hind Motor” railway station...

Nissan India has launched the first-of-its-kind ‘Nissan Intelligent Ownership Subscription Plan” for the new-age customers, a new way to own the all-new Nissan Magnite, Nissan Kicks or Datsun redi-Go.

Convergence Energy Services Limited (CESL), a 100% subsidiary of Indian government owned Energy Efficiency Services Ltd (EESL) has forged key partnerships on World Environment Day in an effort to further the deploy...

The Federation of Automobile Dealers Associations (FADA) has in its Monthly Vehicle Registration Data for March 2021 stated that while March automobile registrations continue to fall by (-)28.64% year on year (YoY )...

Electric vehicles (EV) deployed in Delhi have completed 20 million kilometres on the road. This has resulted in a reduction of 500 kilograms of particulate matter emissions, contributing significantly to cleaner air...

The Union Budget 2021-22 presented by Nirmala Sitharaman may not have given a single sop to the electric vehicle industry but those in this electric vehicle space are upbeat over the indirect measures in the Union B...

The Union Budget 2021-22 presented by Nirmala Sitharaman, Union Minister of Finance may have got a standing ovation from the punters of the Indian stock market, but for the Indian auto industry, the direct benefits ...

Finally and formally two major car companies of the world, Peugeot S.A. (Groupe PSA) of France and Fiat Chrysler Automobiles N.V (FCA) of Italy, have merged and a new entity has emerged, Stellantis. The word Stellan...

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).

Fiat Chrysler Automobiles or FCA as it is known has announced an expansion to the local product lineup in India, confirming that an investment of over $250 million (Rs 1828 crore approximately) has been committed to...

Tata Motors has delivered Tigor electric vehicles to the Ministry of Ayurveda, Yoga & Naturopathy, Unani, Siddha and Homoeopathy (AYUSH) in Delhi, as a part of its tender with EESL. The first batch of Tigor EVs was ...

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...

In this latest round of resumption of plant operations and other activities, Indian auto companies in the news include Tata Motors, Honda Cars India, Bridgestone India, Toyota Kirloskar Motor, Hero MotoCorp, Hyundai...

15th Edition of the Auto Expo-The Components Show 2020 by showcasing solutions for electric mobility, connected vehicles, and light weighting.

The Central Bureau of Investigation (CBI) has booked former Maruti Udyog (now Maruti Suzuki) Managing Director and founder of Carnation Auto (the company was recently sold to Mahindra First Choice Services) Jagdish ...

After the company announced some major board level changes and other high level management changes on December 20, 2019, Mahindra & Mahindra has now announced further leadership changes.

More than 200 automobile as well as auto components companies will display their products, while there would be live test demonstrations, training sessions, panel discussion and test track demonstrations of vehicles...

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...

The Society of Indian Automobile Manufacturers (SIAM) President Rajan Wadhera has said in a press release that the sales report coming out from various companies for the month of August 2019 has been very dismal wit...

Tata Motors passenger vehicles sales dipped by a massive (-) 58 per cent with total sales at a mere 7316 units in August 2019 as compared to 17,351 units in August 2018. For the latest fiscal April to August 2019, t...

Toyota Kirloskar Motor sold a total of 10423 units in the domestic market in July 2019 as against 13677 units in July 2018. This meant a degrowth of 24 per cent. The company exported 868 units of the Etios series in...

KSL Cleantech Limited (formerly known as Kirti Solar Limted) has entered into a Joint Venture (JV) with the China’s Huaihai Holding Group, one of the largest companies in the field of electric mini vehicles.

Society of Indian Automobile Manufacturers (SIAM) welcomed the government’s decision to reduce the GST rate on electric vehicles from the present 12% to 5%.

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...

Audi India has elevated Balbir Singh Dhillon who is currently heading Dealer Development as Head, Audi India, effective September 1, 2019.

Rudratej Singh has been appointed as the President and Chief Executive Officer of BMW Group India effective 1 August 2019. Rudratej ‘Rudy’ Singh brings more than 25 years of experience and has held multiple leadersh...

Flash Electronics India Ltd, a leading electronic and electric auto components player has filed a law suit against Royal Enfield challenging patent infringement in the US regarding production of an important compone...

Skoda Auto India has announced ‘EasyBuy’, an assured buyback programme across the Superb model range. This programme has been made available exclusively through Skoda Financial Services. The ‘EasyBuy’ programme will...

MG (Morris Garages) Motor India inaugurated its new corporate headquarters in Gurugram. The commercial space for the new India headquarters, acquired by the company at a cost of Rs 150 crore, will also house the com...

Biju Balendran is now the new Managing Director and Chief Executive Officer (CEO) of Renault Nissan Automotive India (RNAIPL). Balendran replaces Colin MacDonald, the outgoing MD & CEO, RNAIPL. After successful comp...

Pioneering in pre-owned two-wheeler business with ‘Best Deal’ outlets, Honda Motorcycle & Scooter India Pvt. Ltd announced the extension of its partnership with Shriram Automall India Ltd, unit of Shriram Transport ...

On the occasion of India’s first Global Mobility Summit, organised by the government’s think tank, the NITI Aayog at New Delhi, Pankaj M Munjal, Chairman, Hero Motor Company made an impassioned plea to policy makers...

Motown India Editor Roy P. Tharyan interviews Ukrainian entrepreneurs - Oleksandr Danylenko (Co-Founder & Director of Operations and Finance) and. Yevgen Sokolnikov (CEO & Co-Founder) of Smart Parts Online P...

Vikram Pawah has been appointed as the CEO of BMW Group Australia and New Zealand and has been promoted as the Chairman of BMW Group India.

Leading motorcycle manufacturer Bajaj Auto has appointed Rakesh Sharma the company’s Chief Commercial Officer (CCO), a post newly created, with immediate effect. The announcement was made through in an internal comm...

India’s leading luxury car maker Mercedes-Benz has announced the appointment of Martin Schwenk as the new Managing Director and CEO of its India operations effective from Nov 1, 2018. Martin Schwenk will replace Rol...

As dependence on conventional fossil fuels abates considerably all over the world in the coming years, electricity generated by wind, sun and batteries will define the way power is generated. The share of coal will ...

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...

Shriram Transport Finance Company Limited Ltd (STFC), has inked an MOU with Hindustan Petroleum Corporation LTD (HPCL) to offer credit based fuel filling services to its customers on digital platform.

Synergies Castings Limited, India’s leading aluminium alloy wheel manufacturer announced the signing of an MoU with the Government of Andhra to establish a major greenfield aluminium casting and specialty alloy whee...

Mahindra Electric and Zoomcar, India’s leading shared mobility platform, have collaborated to offer 100 e2oPlus, Mahindra’s all-electric city smart car on the Zoomcar platform in Delhi. The vehicles were launched on...

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...

Ducati India Pvt. Ltd., in partnership with Volkswagen Finance Private Limited (VWFPL), has launched Ducati Financial Services (DFS), which offers Ducati customers a personalised financing solution through the Ducat...

Mahindra & Mahindra Ltd. (M&M Ltd.) has announced an industry first initiative in the automotive retail space with the launch of its ‘Bring the Showroom Home’, a portable, mobile based, interactive Virtual Reality e...

Mahindra, Uber join hands to deploy electric vehicles

Mahindra Electric and Zoomcar, India’s leading car rental company, recently announced the launch of a unique initiative to promote development of the sustainable mobility ecosystem in the city of Mysuru. As part of ...

E-Mobility in India got a real hard push when leading commercial and passenger car manufacturer in India, Tata Motors emerged as the lowest bidder in the tender floated by Energy Efficiency Services Ltd (EESL), a jo...

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.

The Union Cabinet chaired by Prime Minister Narendra Modi cleared an ordinance to increase the cess on mid-size, large cars, luxury cars and SUVs from current 15% to 25% under the new GST regime. The cabinet gave it...

GM India has announced that President and Managing Director Kaher Kazem will hand over the reins of the company to Chief Financial Officer Sanjiv Gupta from September 1. Kazem, who will become president and CEO of G...

Tata Motors has appointed P B Balaji as the new Chief Financial Officer of the Tata Motors Group from November 2017. Balaji is a global finance professional with over two decades of experience in the corporate secto...

Piramal Enterprises Limited through its subsidiary Piramal Finance Limited has financed RSB Group to the extent of Rs. 275 crore and Indoshell Mould Limited to the extent of Rs. 290 crore. The investments were made ...

Beginning with the Society of Indian Automobile Manufacturers (SIAM), several experts and bodies have welcomed the Goods and Services Tax (GST) rates on automobiles in the country. The 14th Goods and Services Tax (G...

Rahil Ansari has been appointed as the new Head of Audi India, effective February 1, 2017. Rahil Ansari brings a broad range of experience in Finance, Sales, Network Development, Retail operations and Aftersales bus...

Mitsubishi Motors Corporation (MMC) has announced that Nissan Motor Co., Ltd. has become its largest shareholder after completing the purchase of 34% of MMC-issued stock for 237 billion JPY (approx US $ 2.28 billion...

Mahindra & Mahindra Ltd has signed an MOU with shared transportation platform, Ola to empower 40,000 driver partners across India by 2018. Through this strategic alliance, they aim overall vehicle sales and financin...

In the bad old days, two words were often considered taboo – Sex and Luxury. In a conservative India, talking about sex was a big “No”. Equally, in a socialist driven economy, the term “Luxury” was pure blasphemy. B...

Providing further stimulus to its domestic growth, Honda Motorcycle & Scooter India Pvt. Ltd. has signed a Memorandum of Understanding with IndusInd Bank, offering retail finance to its customers at an attractive ra...

Actia India, a JV between Actia Automotive and DMG Finance & Investments, have recently unveiled their latest End Of Line (EOL) diagnostic solutions, developed for Renault, on their latest Kwid vehicle. This is the ...

Automobile components manufacturer Minda Industries Ltd announced an acquisition of the global lighting business of Spain based Rinder Group that manufactures automotive lamps- head lamp, tail lamps and small lamps....

As has always been happening in the past, the Indian automotive industry has been left with no other choice, but to grin and bear it and pretend everything is hunky- dory. An additional 1 per cent tax will now be co...

The Automotive Component Manufacturers Association (ACMA), the apex body representing the Indian auto component Industry organised the New Delhi Automotive Summit 2016 on the theme “Make Quality & Technology in Indi...

The BMW Group has increased its investment in BMW Financial Services India to Rs 640 crore(€ 98 million) in 2015 from Rs 530 crore (€ 80 million) in 2012. BMW Group launched BMW Financial Services India on October 5...

Honda Motorcycle & Scooter India Pvt. Ltd. (HMSI) has started the festive season with a bang. The company recorded a new high by crossing 50,000 units sales mark in single day backed by auspicious buying on Ganesh C...

Hero Cycles, world’s largest bicycle manufacturer by volume, has acquired Firefox Bikes, India’s largest premium bicycle brand, as part of its strategy to further cement its position in the fast-growing premium cycl...

For the Rs 7,625 crore Kalyani group controlled by Baba Kalyani, ‘Make in India” has been a way of life. For long, this group which has business interests in the fields of automotive, energy, rail, marine, aerospace...

Your ten your old diesel vehicle, whether it is a BMW, Audi, Mercedes-Benz or a Maruti Suzuki or Hyundai car, could fetch you a financial incentive of maybe up to Rs 30,000 in case you are staying in the National Ca...

India’s one-stop destination for pre-owned vehicles and equipment, Shriram Automall India Limited (SAMIL) has been on an aggressive expansion drive. While focussing largely on South India, the company reported maxim...

Triumph Motorcycles India, a subsidiary of UK based Triumph Motorcycles has every reason to be excited about its debut in India. For a superbike manufacturer, selling 1326 units in fiscal 2014-15 has come as a pleas...

JK Tyre & Industries Ltd, pioneer of radial tyres in India, has again added another feather to its cap. The tyre major has been ranked highest in the JD Power 2015 India Original Equipment Tyre Customer Satisfaction...

Ford Motor Company is betting big in India and has on March 26, 2015 inaugurated an integrated manufacturing facility including a state-of-the-art vehicle manufacturing facility and a world-class engine plant in San...

Finance Minister Arun Jaitley presented the General Budget for the year 2015-16 in Lok Sabha on February 28, 2015.

The Electric Motor seems to have scored over the conventional internal combustion engine in the Union Budget 2015-16. And rightly so! The electrical vehicle industry has been bleeding profusely in the last few years...

The Finance Ministry, Government of India, has approved an interim National Electric Mobility Mission Plan (NEMMP) 2020 which would set aside Rs 1000 crore towards supporting the electric vehicle industry in the cou...

Atulya Sharma has been appointed as the Chief Legal Counsel at Apollo Tyres Ltd. He will be based out of the company’s Corporate Office in Gurgaon, and will oversee the Legal and Corporate Secretarial functions. ...