Capex boost: Maruti Suzuki to invest ₹1.25 lakh cr by FY31
The capex will be also utilised in scaling up the company's production capacity from 2 million units at present to 4 million units in the next 7 years.
automobiles
October 2023
September 2023
August 2023
July 2023
Tesla to source auto components worth up to $1.9 bn from India this year: Piyush Goyal
Goyal's statement comes amidst Tesla's plan to enter the highly competitive domestic automobile industry.
G20 Sherpa Amitabh Kant pushes for exports, green hydrogen in auto sector
Kant states that the country has a huge opportunity to helm the electric vehicle manufacturing segment
Govt mulls 10% tax on diesel vehicles, components: Nitin Gadkari
Following the announcement, the share price of Mahindra & Mahindra and Tata Motors dropped 4% and 3%, respectively.
Festive season, SUV demand drive auto sales to record high at 3.6 lakh units in August
The domestic automobile retail sales stood at 3,43,000 units during the month under review, up 7.3% vis-a-vis 3,19,800 units in the same period last year.
Ola Electric's consolidated loss widens 4X to ₹784.15 cr in FY22
The electric two-wheeler manufacturer's operating revenue surged from ₹0.86 crore in FY21, to ₹373.42 crore in FY22.
July PV sales up 3% to 3 lakh; two-wheelers see 7.2% dip: SIAM
The two-wheeler sales, however, declined by 7.2% during the month under review to 16,08,414 units as against 17,70,676 units sold in the same period last year
Auto component industry clocks highest-ever turnover of ₹5.6 lakh cr in FY23
Amongst segments, the auto components sales in the passenger vehicle segment stood the highest at 44%, followed by the two-wheeler segment at 18%.
Maruti Suzuki to introduce 10 new models by FY31: Chairman Bhargava
The company also plans to add six electric vehicles to its portfolio by FY31. The sale of its model will begin in FY25.
Mid-size SUV segment to grow at twice the pace of industry: Kia India's Brar
The company is betting heavily on its SUV portfolio to expand its market share to 10% from the existing 7%
