Page 76 - Auto

Skoda to expand presence to100 cities in India by next month

Some of the new cities where the brand is making a foray include Sangli, Bhilwara, Faridabad, Panchkula, Navsari, Vapi and Hardoi, among others.

Bajaj Auto, Pierer Industrie AG to rejig shareholding pattern in KTM

Bajaj Auto Ltd on Monday said it has reached an agreement its Austrian partner Pierer Industrie AG for simplifying their shareholding pattern in premium bike maker KTM

e-Nexon to contribute 5% of company's PV sales soon: Tata Motors CFO

Firm plans to launch 10 electric vehicles by 2025, N Chandrasekaran, chairman, Tata Motors said in a letter to shareholders

Tata Motors posts Rs 4,450 cr loss in June qtr as chip shortage takes toll

The company's UK subsidiary expects Q2 to be worse, sees recovery only in the second half of FY22

Used-car market to more than double to 8.2 mn units by FY'26: Report

The pre-owned car market is set to more than double to 8.2 million units or $47 billion over the next five years ending FY'26 from 4 million in FY'21 or $17 billion

Audi, Mercedes-Benz upbeat about electrification journey of PVs in India

Although the FAME II scheme by the Centre has not offered direct benefits for personal passenger vehicles, incentives like 5 per cent GST on electric cars will also help, they feel.

About 90% consumers in India willing to pay a premium for buying EV: Survey

The top reason for buying an EV is environmental concern

Investments on e-mobility in India to depend on stable policy: Yamaha

Japanese two-wheeler major Yamaha is working on an all-new electric vehicle platform for India and other global markets but the company's investments on electric mobility in the country

India plant likely if Tesla succeeds in importing cars, says Elon Musk

The California-based car producer is currently lobbying for lower taxes on imports as it considers plans to expand into India, one of the world's biggest emerging car markets

Improving demand, peak capex to trigger linear growth in tyre industry

Improving demand along with stable competitive intensity, and peak capex is expected to trigger linear growth for the Indian Tyre industry

Want to, but import duties highest in world: Tesla CEO on India car launch

Tesla founder Elon Musk said on Saturday that his company wants to launch cars in India, however, the country's import duties on electric vehicles are 'highest in the world by far'

Tesla lobbies India for sharply lower import taxes on EVs: Report

Tesla Inc has written to Indian ministries seeking a big reduction in import duties on electric vehicles, a move it says will boost demand and generate revenue for the government, two sources said

Maruti Suzuki Nexa completes 6 yrs with cumulative sales of 1.4 mn units

Maruti Suzuki India (MSI) on Friday said its premium sales network Nexa has crossed 1.4 mn sales milestone in six years of coming into existence

Mercedes to be ready for car markets going electric-only with $47-bn push

The manufacturer plans to launch three new all-electric vehicle platforms in 2025 and set up eight additional battery factories with partners, it said in a strategy update

Hyundai Motor Q2 net profit soars, expects chip shortage to ease

Hyundai Motor Co turned in its best quarterly profit in about six years on Thursday, helped by solid demand for its high-margin SUVs and its premium Genesis cars

Can the policy push to EVs give a booster shot to pandemic-hit bus makers?

The high acquisition cost may still be a dampener for the financially beleaguered STUs

Sterling Gtake E-mobility bags Rs 60 cr order from electric 2W maker

Sterling Gtake E-mobility, a manufacturer of motor control units for electric vehicles bagged an order worth Rs 60 crore from a leading electric two-wheeler maker

Tesla will open its Superchargers to other EVs this year: Elon Musk

Tesla CEO Elon Musk has confirmed that the company is opening up its Supercharger network to other EVs later this year

Maruti crosses 5 mn cumulative sales milestone in rural markets of India

The country's largest carmaker Maruti Suzuki India on Wednesday said it has crossed the 5 million cumulative sales milestone in rural markets of India

Ola's entry in e-two wheelers to shake up world's largest 2-wheeler market

Ola is expected to price its electric scooter in the range of Rs 85,000-Rs 1.1 lakh