Auto Industry News
Maruti Suzuki banks on SUVs, CNG models to beat demand blues
The automaker reported a 20% on-year drop in passenger car sales in the second quarter, but SUV sales rose 9%. Unlike its rivals, Maruti has no plans to launch new SUV models in FY25.
2 min read30 Oct 2024Metal, food, auto firms drove industrial growth in FY23, helped add 1.2 mn jobs
Tamil Nadu has the highest number of factories, followed by Gujarat and Maharashtra. In terms of persons engaged, Tamil Nadu remains the leader, followed by Maharashtra and Gujarat. In terms of gross value added in the industry, Maharashtra and Gujarat are the toppers, followed by Tamil Nadu.
2 min read30 Sep 2024New car registrations slump in Europe amid weakening demand, steep EV decline
Stellantis and Volkswagen suffered significant falls in new-car registrations in August, contributing to a sharp overall decline in the European Union, as demand weakened in key markets and electric-vehicle sales fell.
1 min read19 Sep 2024Mercedes-Benz pushes ahead with India EV plans despite short-term bump
The German luxury carmaker launches its second locally made electric vehicle, the EQS SUV, betting on long-term demand even as varying road taxes and incentives across states have slowed EV sales.
2 min read16 Sep 2024GM, Hyundai explore partnership to develop vehicles together
The carmakers say the potential collaboration could help cut costs by teaming up on new models, including electric and hydrogen-powered vehicles.
2 min read12 Sep 2024Mint Quick Edit | Auto sales: The festive season will be crucial
It’s raining discounts in the car market—the latest to offer them being Tata Motors—as excessive rainfall is said to have led customers to postpone purchases. The upcoming festive season will be crucial for a demand revival. Otherwise, the industry may have a bigger problem to reckon with.
1 min read11 Sep 2024Auto sales: Strong double-digit growth in seen two-wheeler sales; PV sales to rise marginally
Auto sales: Two-wheeler wholesales are likely to have grown in strong double digits on a year-on-year (YoY) basis in July 2024, while commercial vehicles (CV) and tractors are expected to be broadly flattish.
1 min read31 Jul 2024Audi to raise prices of cars in India by 2 per cent from June 2024 as input costs, transportation expenses weigh: Report
Audi to increase car prices in India due to rising input and transportation expenses, the company said. Among the German carmaker’s popular models sold in India are A4, Q3, Q5, and RS Q8.
1 min read25 Apr 2024EV Policy to intensify competition in Passenger Vehicle segment, auto component makers key beneficiaries, say analysts
New EV policy intensifies competition in the electric PV segment, attracting global OEMs like Tesla. Domestic auto component players stand to benefit from the policy’s focus on localization and advanced technology investments.
3 min read18 Mar 2024Tata Motors’ Mega ₹9,000 Crore Investment In Tamil Nadu Manufacturing Plant Will Create 5,000 Jobs
Tata Motors on March 13 announced that it had signed a memorandum of understanding (MoU) with the Tamil Nadu government for setting up a vehicle manufacturing facility in the state. In a regulatory filing, the company said the MoU envisaged an investment of around ₹9,000 crore over the next five years and would help create up to 5,000 direct and indirect jobs. Watch to know more! #tata #tatamotors #jobs Mint is an Indian financial daily newspaper published by HT Media. The Mint YT Channel brings you cutting edge analysis of the latest business news and financial news. With in-depth market coverage, explainers and expert opinions, we break down and simplify business news for you. Click here to download the Mint App https://livemint.onelink.me/MrDS/p0kx3pdg
15 Mar 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared