Page 7 - Auto

Electric two-wheeler sales to reach around 22 million by 2030: Report

It noted that though the electrification of mobility in India is still at a nascent stage, there is a massive headroom for growth

Finance costs, global demand near-term hurdles for auto sector: Eco Survey

Among structural issues, increase in long-term third-party vehicle insurance premiums has spiked total upfront insurance cost by 10-11%, especially for two-wheelers

Eye on untapped market, nine e-bikes to turn up the heat in 2023

The new launches will be from the two significant companies already selling e-motorcycles -- Revolt Motor, the largest in this segment, and Tork Motor - as well as from others

Hero MotoCorp puts scooter play in higher gear with Xoom

Sporty-looking vehicle will come in three variants, prices start Rs 68,599

Auto parts sourcing start-up CapGrid raises $7 mn in series A from Nexus

Existing investors Axilor, Anicut Capital and Deepak Jain, partner at Bain & Co also participated; funds to be used to deepen firm's tech infra, hire talent, scale up cloud mfg with supply partners

Automakers Renault and Nissan make cross-shareholdings equal at 15%

Voting rights would be neutralized for most decisions, the two companies said in a statement on Monday

Semiconductor shortage continues to impact production: Maruti Suzuki CFO

The supply situation of electronic components continues to remain unpredictable, he added

TVS Motors increases market share in electric two-wheeler space

Automaker raises share to over 16% with 9,153 registrations in January

Lamborghini looking to cross century mark in sales in India this year

Lamborghini posted record sales in India in 2022 at 92 units, growing at 33 per cent from the previous year

Luxury automaker Porsche's delivery in India rises 64% to 779 units in 2022

German sports Luxury car maker Porsche on Friday said its delivery of cars in India increased 64 per cent in 2022 to 779 units against 474 units in 2021.

Italian automaker Lamborghini posts record sales in India in 2022

The US continued to be its top market with 2,721 cars delivered, up 10 per cent

JK Tyre launches specialised product range, sees demand from EV, SUVs

Company launches smart tyres that give real-time updates about pressure, temperature and punctures to phone app

Tata Motors to hike prices of passenger vehicles by 1.2% from Feb

The company sells various models like Nexon, Harrier, Safari and Punch in the domestic market

Toyota commences bookings of new multipurpose diesel vehicle Innova Crysta

The model now comes with a 2.4-litre diesel powertrain mated with a five speed manual transmission across four trims

Maruti to roll out its first EV next fiscal, five more by FY30: Suzuki

EVs to constitute 15% of Maruti's total production by FY30

Govt subsidy halt pushes OEMs to drive electric vehicle prices up

Large players, like Hero Electric, claim they are still selling EVs at reduced prices

Weak exports remain an overhang in the near term for Bajaj Auto

Strong realisations helped the company beat estimates in Q3

Germany-based micro-mobility firm Tier Mobility lays off 7% of workforce

Germany-based micro-mobility company Tier Mobility on Thursday announced that it will be laying off 7 per cent of its workforce amid restructuring

Hyundai motors Q4 net profit more than doubles on improved chip supplies

Hyundai Motor said on Thursday that its fourth-quarter net profit more than doubled from a year earlier on improved chip supplies, strong demand for its high-end SUVs and a weak won

Mumbai Airport plans to deploy over 100 EVs at facility by FY24: MIAL

Adani Group-owned Mumbai Airport has said it is looking to deploy more than 100 electric vehicles at the facility by FY24 to reduce its carbon footprint and promote sustainable transportation