Auto News
Yamaha to reboot Chennai plant as premium two-wheeler hub
The Japanese automaker has detailed its priorities for India in a recent investor presentation where it has referred to the growing role of Chennai as a global hub for premium motorcycles and scooters. It is also bullish on the prospects for motorcycles in India where Gen Z has been identified as the big catalyst to demand. However, there has been no mention of electric which is the biggest buzzword in India now.
Mahindra & Skoda VW poised for 50:50 EV joint venture: Focus on battery-powered SUVs
Mahindra & Mahindra and Skoda Auto Volkswagen India are finalising a 50:50 joint venture to share costs, technology, and vehicle platforms, focusing on electric SUVs for both Indian and international markets. The partnership will use facilities in Chakan, Pune, for production. An announcement is expected by year-end. The JV is a significant step for both companies amidst increasing government push for electric vehicles and stricter carbon emission regulations.
Bullish on India for super luxe car mkt: Aston Martin
Aston Martin is expanding its presence in India, targeting demand from tier II and III cities. The carmaker launched its Vantage model at INR 3.99 crore and plans to simultaneously introduce its global models in India. The super luxury car market in India is growing at about 35 to 40% over the last two years.
Tyre exports from India surge by 17% in Q1 FY25
Tyre exports from India saw a 17% year-on-year rise in Q1 FY25, reaching INR 6219 crore as per Ministry of Commerce data. Key factors for this growth include R&D focus, advanced technologies, competitive pricing, and branding. The US accounted for the largest export share at 17%.
Maruti, Hyundai, Toyota gear up for launch of seven-seater models amid growing demand
Korea’s Kia too is likely to roll out a seven-seater EV based on its popular UV model, Carens next year, people said. Others include upgraded versions of MG Motor’s Gloster, Jeep’s Meridian and Kia’s Carnival models at the more premium end of the market.
August Sales Forecast: Dealer dispatches may slow down as inventory piles up
The passenger car industry is facing a decline in wholesale volumes for the first time in 30 months, with August expected to see a 2.5-3% drop year-on-year. Rising inventory and a lack of attractive new models are contributing to this downturn. The sector is projected to dispatch around 350,000-355,000 units, down from 359,000 in August 2023. Despite nearly two dozen new SUV models launching, experts anticipate limited impact on overall sales. A recovery is expected in October with the festive season.
Encouraging only a single tech not the right strategy for India: Maruti Suzuki Chairman R C Bhargava
Maruti Suzuki Chairman RC Bhargava, at the company's 43rd annual general meeting, emphasised the need for various fuel technologies to meet India's Net Carbon Zero Emission target. Maruti Suzuki is focusing on hybrids, CNG, biogas, and hydrogen fuel while planning to launch its first EV model soon and significantly expand exports by 2030.
Comprehensive car insurance vs third-party car insurance: Which is better?
Comprehensive car insurance covers damages to your own vehicle and third-party liabilities, offering broad protection. Third-party car insurance, required by law, only covers damages or injuries to others. Drivers should choose based on their vehicle's value, budget, and individual risk factors.
You can get a discount on your new car, but Gadkari has one condition
Union Minister of Road Transport and Highways, Nitin Gadkari on Tuesday announced that commercial and passenger vehicle manufacturers have agreed to offer discounts for the purchase of new vehicles against the scrapping of older vehicles with a valid Certificate of Deposit.