Page 69 - Auto

Maruti Suzuki commences sixth round of MAIL initiative

Maruti Suzuki India on Friday said it has commenced taking applications for the sixth round of its Mobility and Automobile Innovation Lab (MAIL) programme.

Evergrande electric vehicle unit loses $80 billion in worst stock rout

China Evergrande New Energy Vehicle Group Ltd. sank as much as 22% Thursday after its parent said the unit lost 4.8 billion yuan ($740 million) in the first half

Sun Mobility starts new service, aims to onboard a million vehicles by 2025

It has already commenced MaaS deployment for goods delivery in Delhi NCR, Bengaluru and Chandigarh; plans to expand to other cities soon

Auto parts industry may see 20-23% jump in revenue this fiscal: Report

The auto components industry is expected to log 20-23 per cent revenue growth during this fiscal, supported by recovery in the domestic automobile sector and robust exports

India offers huge opportunities for vehicle manufacturers: Nissan COO

India offers huge opportunities for vehicle manufacturers and electrification is the pillar that could transform the country's automotive industry, Nissan Motor Corporation COO Ashwani Gupta said

Boost localisation of automotive parts, reduce import dependency: Kant

The Indian automobile and components industry must eliminate its import dependence on China for a host of automotive parts and must focus on localisation of such items, Niti Aayog's Amitabh Kant said

Hyundai unveils i20 N-Line, betting on fun-to-drive performance cars

The i20 N-Line is expected to add 1,000 units in monthly sales; the brand celebrates Hyundai's World Rally Championship success

Nitin Gadkari urges vehicle makers to discourage diesel engines

Union Road Transport and Highways Minister Nitin Gadkari on Wednesday asked vehicle manufacturers to discourage production and sale of diesel vehicles, and urged them to promote other technologies

India revenue secretary says open to 'tinkering' tax rates on automobiles

India is open to discussing a change in tax rates on automobiles, the country's revenue secretary said on Wednesday, indicating receptiveness over negotiation on a long-standing request from automaker

Govt aims to raise auto sector contribution to GDP, job creation: Gadkari

The government looks to increase contribution of automobile sector to India's GDP to 12 per cent from the present 7.1 per cent and grow employment generation to 50 million from the current 37 million

Delhi transport department to focus on procuring electric buses

In a bid to boost public transport without raising the city's air pollution, the Transport Department of Delhi government has now decided to focus on procurement of electric buses, officials said

Keep pace with changing technology: Revenue Secretary to automakers

Tarun Bajaj asked automakers to do a deeper analysis on why car sales are not going up even though income levels of people are rising, and exhorted the industry to keep pace with changing tech

Transition of automobiles towards electric mobility inevitable: NITI Aayog

The transition of automobiles towards electric mobility is inevitable and it is for the auto industry to make the change and drive it to make India a global leader in EVs, Niti Aayog CEO Amitabh Kant

FADA seeks policy to protect dealers from sudden exit of manufacturers

Also demands industry status for auto retail so it can access priority lending from banks, ECBs, financing from top lenders, PE investments, apart from getting more tax benefits

Automobile dealers seek protection from sudden exits by global auto makers

FADA on Tuesday asked government to put in place a system to protect dealers from sudden exits by multinational manufacturers, saying it hampers entrepreneurship also hurts India's brand value.

Hyundai unveils i20 under N Line; to bring in more models in next few years

Hyundai Motor India unveiled i20 N Line, its first model under the performance-oriented N Line product range in the country, as it looks to cater to the customers who yearn for sporty vehicles

Salaries rise for promoters of auto firms even as business faces headwinds

Experts suggest that promoter executives should take compensation as dividend to share risk and reward of the business with other shareholders

CCI slaps fine of Rs 200 crore on Maruti Suzuki over dealer discount policy

During the probe, Maruti - which has more than 50 per cent share of India's car market - told the regulator that it imposed no such policy and that the dealers were free to offer any discounts

Mercedes-Benz launches AMG GLE 63 S 4MATIC+ Coupe at Rs 2.07 crore

German luxury carmaker Mercedes-Benz on Monday launched its all-new performance car 'AMG GLE 63 S 4MATIC+ Coupe' priced at Rs 2.07 crore (ex-showroom all India).

Tata Motors to launch mini SUV 'Punch' this festive season

Homegrown auto major Tata Motors on Monday said it will launch its mini SUV Punch in the ongoing festive season.