Auto component industry’s revenue to grow by 5-8% in FY24 amid export headwinds: ICRA
The rating agency expects operating margins of auto ancillaries to improve by 100-150 basis points (bps) year-on-year (YoY) in FY24, thus returning to pre-covid-19 levels of 11-11.5%.
Hero MotoCorp to hike prices from April; stock surges
According to the company, the decision has been necessitated mainly due to cost increases on account of the "OBD 2 transition."
Tata Motors to hike commercial vehicle prices by 5% from Apr 1
The decision has been taken in line with the company’s efforts to comply with the move to more stringent BS6 Phase II emission norms.
PV sales rise 11% to over 2.9 lakh units in Feb: SIAM
Between April 2022 and February 2023, passenger vehicle sales stood at 34,61,716 units, whereas the production stood at 40,76,780 units.
Mercedes Benz India to hike car prices by 5% from Apr 1
This is the second time in three months that the company has announced an increase in car prices.
Auto component replacement demand to grow by 6-8% in FY24: ICRA
The improvement in demand has resulted in a positive impact on cash flows for aftermarket or replacement dealers and garages.
Cummins sees India as launch pad for hydrogen engines
Hydrogen-powered trucks and buses could be on roads by 2024
Reinforced commitment to 'Make in India' & EVs: MG Motors' Rajeev Chaba on Govt scrutiny
Chaba says the company has always reinforced its commitment to national policies such as the 'Make in India initiative', and its push for battery electric vehicles (BEVs).
Tata Motors shares jump 7% on robust JLR sales data
Global wholesales for JLR rose 5.7% QoQ and 15% YoY to 79,591 units with a significant increase in New Range Rover and New Range Rover Sport production.
Maruti Suzuki, Kamarajar Port sign agreement to export 20,000 vehicles
With this, Kamarajar Port has become the fourth port, after Mumbai Port, Mundra Port and Pipavav Port, which will be used by the automobile manufacturer for the export of its vehicles globally.