Page 18 - Auto

Maruti Suzuki may boost Manesar plant capacity by 100k units by April 2024

Maruti Suzuki India may increase its Manesar plant production capacity by 1 lakh units to cater to the enhanced demand before its Sonipat facility starts operations in 2025, a company official said

Sona Comstar to invest up to Rs 1,000 cr by FY25 on scaling up capacity

Auto components maker Sona BLW Precision Forgings Ltd (Sona Comstar) plans to invest up to Rs 1,000 crore by FY25 to scale up capacity, majorly for EV business, according to Group CFO Rohit Nanda

India's electric two-wheeler market may miss 1-million unit target

Supply-side glitches, impending govt regulations, fires, and delay in FAME II subsidy handout have forced start-ups to mothball ramp-up plans

Europe leans on Asian firms for 'homegrown' electric vehicle batteries

French battery startup Verkor, for example, announced on Wednesday that it had raised 250 million euros ($249 million) to fund a megafactory

EV start-up MoEVing raises $2.5 mn from JSW Ventures for e-mobility biz

Funding will also support firm's expansion across multiple cities in India and team building across functions; current round brings MoEVing's total funding to $10 million

Switch Mobility aims to be in EV markets around the globe: CEO

Markets will come back after geopolitical turbulence and each company will have to make its own strategy, says Mahesh Babu

Tata Power and Indian Army to set up EV charging points in Delhi Cantt

Charging points for electric vehicles were inaugurated at Delhi Cantonment by Lt General Dhiraj Seth, general officer commanding of the area, on Wednesday.

Overall commercial-vehicle volume to touch 1 mn units by FY24: Fitch

The ratings agency said it believes growing loan disbursements by CV financiers will bolster sales over the medium-term

Indian commercial vehicle sector to log volume growth: Fitch Ratings

The CV sector will register mid-to-high teens over the next couple of years, said Fitch Ratings in a report

JK Tyre reports net drop in Sept quarter profit by 23% to Rs 50 crore

The tyre maker had reported a net profit of Rs 65 crore in the July-September period of last fiscal

Ola Electric sales reach 20,000 units in October in strong festive season

Ola Electric on Tuesday reported sales of 20,000 units in October 2022

Passenger vehicles get a festive high in October; sales see sharp rise

Availability of semiconductor chips, rising consumer confidence contribute to the growth

Honda Motorcycle total sales up 3.97% to 449,391 units in October

Honda Motorcycle and Scooter India reported a 3.97 per cent increase in total sales at 4,49,391 units in October 2022

Hero MotoCorp reports dip in wholesale by 17% at 454,582 units in Oct

In the domestic market the company's dispatches to dealers stood at 4,42,825 units, down 16 per cent from 5,27,779 units in the year-ago period

Skoda Auto India wholesales rise 11% to to 3,389 units in October

Skoda Auto India said its wholesales increased 11 per cent to 3,389 units last month as compared with 3,065 units in October last year

Kia India reports increase in wholesales by 43% in October to 23,323 units

The automaker had dispatched 16,331 units to dealers in October 2021

M&M reports 60% rise in domestic passenger vehicle sales at 32,298 units

Mahindra & Mahindra Ltd reported a 60% rise in domestic passenger vehicle sales at 32,298 units in October 2022

Maruti Suzuki India to recall 9,925 units of Wagon R, Celerio, Ignis

Maurti Suzuki said parts for replacement are being arranged and authorised workshops shall be contacting the customers for attending their vehicles.

Toyota profit to rise but eyes will be on its supply chain, EV strategy

The world's biggest automaker by sales said last week its global production rebounded by 30% in the quarter that ended in September

Zooming ahead: 68,324 two-wheeler EVs sold in Oct, highest in 2022

ICE two-wheeler registrations have grown even faster than electric vehicles month-on-month following a definite slowing down in the last few months