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.

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...

According to the Federation of Automobile Dealers Associations (FADA), the 2W segment is yet to show signs of any revival as it remains a drag by falling as much as -14% in retail sales for the month of September 20...

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’...

Hero Electric has partnered with Even Cargo, India’s first women-only delivery platform, for strengthening the last-mile delivery segment. The collaboration envisages women at the riding end to fasten the electric m...

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...

Siddharth Shriram, an eminent industrialist based in Delhi and hailing from a prestigious business family died on May 17, 2021 at the age of 76 due to covid related complications. He was admitted to Medanta Hospital...

Nitin Gadkari, Minister of Road Transport & Highways, Micro, Small & Medium Enterprises, Government of India recently requested Rajeev Chaba, President and Managing Director, MG Motor India and Paytm Founder & CEO V...

For the financial year 2020-21, the total vehicle registrations in the country were down by (-) 30%. This figure is incidentally even below the fiscal 2012-13 level, thus making it the lowest in the last eight years...

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...

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 ...

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 ...

In order to curb rising pollution, the capital city of New Delhi is serious about getting in more electric vehicles to replace IC engine powered vehicles. Announcing its EV policy, the Delhi government aims to regis...

Very soon, traffic violations will invite huge penalties for motorists in India as the Motor Vehicles (Amendment) Bill, 2019 was passed by Rajya Sabha.

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%.

Car accessory and lifestyle product player Elegant Auto Retail successfully showcased their products at the recently concluded 4th ACMA Automechanika, India's leading automotive aftermarket trade fair organised by I...

Mahindra First Choice Services (MFC Services) has entered into an asset acquisition agreement with the official liquidator of Carnation Auto (India) Pvt. Ltd. (CAPL). As a result, MFC Services will acquire key asset...

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...

Precision Camshafts Ltd (PCL) has acquired 51% stake in Dutch electric driveline maker Emoss Mobile Systems B.V through its wholly owned Dutch subsidiary, PCL (International) Holding B.V. This is the third strategic...

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.

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...

Thirteen is believed to be an unlucky number. Now this could be a myth. But there were definitely 13 disgruntled customers who had almost given up hope on the Kawaski motorcycles they had booked at a dealership in N...

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...

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...

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...

The Rs 50,000 crore Indian tyre industry today has a few reasons to smile and a few reasons to frown. On the one hand, after a lull in the industry while the demand for tyres in 2015-16 is seeing a growth coupled wi...

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...

Automobili Lamborghini has loaned its carbon fibre monocoque rolling chassis, of the Lamborghini Aventador LP 700-4, to the European Patent Office of Munich, Germany for a special event also attended by Luciano De O...

Dr. Werner Struth, Chairman, Robert Bosch LLC and Member of the Board of Management, Robert Bosch GmbH combined these attributes at the International Consumer Electronics Show (CES) 2015 in Las Vegas, Nevada (USA) t...

Toyota is making available thousands of hydrogen fuel cell patents royalty free, thereby opening the door to the hydrogen future. Toyota made this announcement at the 2015 Consumer Electronics Show in Las Vegas, Nev...

With unconfirmed reports suggesting that Mahindra & Mahindra (M&M) is planning to acquire Sweden based car maker Saab, it is almost confirmed that it has more to do with Anand Mahindra’s dream to become a world lead...

Dutch automobile car maker Spyker N.V., together with its wholly owned subsidiary Spyker Automobielen B.V. (collectively “Spyker” or the “Company”), filed a voluntary petition on December 2, 2014 for financial restr...

It is obvious that with increasing demand for cars and the increasing number of car models being offered by different car manufacturers in India, more and more people are likely to scrutinise their options before ac...

General Motors CEO Mary Barra testified before the Senate Subcommittee on Consumer Protection, Product Safety and Insurance in the United States, investigating the GM ignition switch recall. “The issues raised in t...

Tata Motors has appointed Karl Slym as Managing Director.

Interview with Mayank Pareek, Managing Executive Officer (Marketing & Sales), Maruti Suzuki India Ltd.

The Renault-Nissan Alliance and state corporation Russian Technologies have agreed to create a joint

Hero MotoCorp sold 5.4 million two-wheelers in 2010-11 and aims to exceed sale of six million units this financial year. A factor such as rising input costs affects all players equally.

Hero MotoCorp sold 5.4 million two-wheelers in 2010-11 and aims to exceed sale of six million units this financial year. A factor such as rising input costs affects all players equally.

In the brand tracks we do, there is this question of how people perceive us on the technology front. There was this time around 1997-98 till around 2003 where our score on technology actually came down. When Marut...

Daimler AG has announced the official launch of its financial services unit in India.

Syndicate Bank & TVS Motor Company sign MOU

Bajaj Auto and SBI tie up to provide inventory finance to dealers

India Yamaha Motor Pvt. Limited (IYM) has announced the appointment of Roy Kurian

He is well past his 60 years of age but is as agile as a young man in his twenties, brimming with ideas and enthusiasm. Jagdish Khattar, Chairman and Managing Director of Carnation is just back from a lunch meeting ...

Mahindra Reva Electric Vehicles Pvt. Ltd. has tied-up with the Export-Import Bank of India

Tata Motors Finance (TMF) has launched a special Tata Nano finance scheme

MUMBAI: Asia Motor Works (AMW), manufacturers of heavy commercial vehicles, signed a Memorandum....

NEW DELHI: Hyundai Motor India Ltd. (HMIL) and Oriental Bank of Commerce, a leading public sector ba