Page 2 - Automotive Industry

Auto sales up 57% during Navratri as all categories put up strong show

Overall sales were also 27% higher than Navratri 2020 and 16% above the pre-pandemic season in 2019; trend seen continuing till Diwali

Automobile sales revved up 11% in Sept amid festival fervour: FADA

October likely to be good, too, amid the festival season

House panel moots spl projects to fill 29 mn skill gap in automotive sector

Calls for involving the industry to bridge the huge gap

Relief for automakers as govt defers six airbags rule to Oct 2023

Nitin Gadkari cites 'global supply chain constraints' as reason for the shift in decision

Bharat Gears trades ex-date for 1:2 bonus; stock zooms 20%

The management is cautiously optimistic of growth in Indian markets for automotive components, agricultural machinery and construction equipment

Exide to invest Rs 6,000 crore in setting up lithium-ion unit in Karnataka

Exide Industries expects an annual revenue of Rs 10,000 crore- Rs 12,000 crore in the next 8-10 years from the lithium-ion cell business

Visteon to come up new mfg unit in India; sets sight on West and North

This is in addition to the expansion plans at its existing manufacturing unit in Chennai

Chipmaker Nvidia Corp launches new system for autonomous driving

DRIVE Thor would be able to replace numerous chips and cables in the car and bring down the overall system cost, although he did not give specific numbers on savings.

We're reading too much into weak two-wheeler demand: Hero Moto exec

The optimism is in contrast with the dealers' confidence, which flagged the recovery in motorcycles and scooters "as an area of concern"

Passenger vehicle dispatches surge 21% in Aug on better chip supply, demand

Passenger vehicle wholesales in India witnessed a 21 per cent annual growth in August riding on improved supplies of semiconductors and festive demand, according to Society of Indian Automobile Manufacturers. As per the latest data released by industry body Society of Indian Automobile Manufacturers (SIAM), passenger vehicle (PV) dispatches to dealers stood at 2,81,210 units last month, against 2,32,224 units in August 2021. Similarly, total two-wheeler wholesales increased to 15,57,429 units last month, compared to 13,38,740 units in the year-ago period, a growth of 16 per cent. Total three-wheeler sales rose to 38,369 units last month against 23,606 units in August 2021, up 63 per cent. Sales across segments rose by 18 per cent to 18,77,072 units in August this year, from 15,94,573 units in the same month last year, SIAM said.

SoftBank, others in talks to lead $75-million funding in GoMechanic

"The conversations between the investors and GoMechanic are still going on and one of the investors has also shared the term sheet with the firm," said a person familiar with the development

Stock price of this automotive supplier firm has doubled in last 6 months

Shares of Schaeffler India soared 10 per cent to hit a new high in Monday's intra-day trade. The stock has surged 16 per cent in the last four days.

Is the stage set for an EV boom in India?

Electric vehicles are set to take India by storm. Foreign as well as domestic companies have lined up a host of variants. The stage is set for the electric vehicle revolution in India. Here's more

PM Modi to initiate event celebrating Suzuki's 40 years in India on Aug 28

PM Modi will lay foundation stone of two key projects in Gujarat's Gandhinagar, said the Prime Minister's Office

Amid demand for SUVs, Maruti launches new generation of small car Alto K10

New K10 will be sold alongside the Alto 800; it comes with both five-speed manual and automatic gear shift

What is Bharat NCAP rating for cars?

Our country also sees one of the maximum road accident deaths in the world. To bring it down, the government is going to implement Bharat NCAP from April 1, 2023. Let us know more about it

15th Electric Vehicle Technology Expo 2022: EVT Expo begins in Delhi

15th Electric Vehicle Technology Expo 2022: Details, When and Where you can Watch. Know everything about the Electric Vehicle Technology Expo 2022 scheduled in Delhi from August 5-7.

Vedanta keen to collaborate with auto sector to reduce aluminium imports

The company said it has been a long-time partner to the auto industry, developing product solutions perfectly tailored to their evolving needs.

June qtr PV sales overtake Q1FY19 volumes, two-wheeler sales lag

Entry-level cars, two-wheelers remain in slow lane; two-wheeler exports jump

TVS Motor to ride strong on profitability gains in FY23: Brokerages

Volume recovery, market-share gains, and EV plans are other triggers