India’s largest carmaker by volume Maruti Suzuki saw a bumpy third quarter as the automaker struggled with higher discounts and weak small car sales, leading to a lower-than-expected profit. For Maruti and its peers, FY25 has been about poor consumer sentiment, which had raised car inventories everywhere. Hyundai India also reported lower third-quarter earnings, while … Read more
Union Environment Minister Bhupender Yadav said on Monday that electric vehicles should make up 50 per cent of all vehicle sales by 2030 to ensure the automotive sector stays on track to achieve the 2070 net zero emission target. Addressing the 3rd International Conference on Sustainable Circularity organized by the Society of Indian Automobile Manufacturers … Read more
Germany’s Mercedes-Benz, fresh off a year of record sales in India, plans to add another 20 dealerships or service outlets in 2025 – mainly in smaller cities where young, well-travelled business owners are indulging in luxury goods. Rapid economic growth in India has wrought a fundamental shift in attitude towards luxury purchases among its younger … Read more
Mumbai: India’s electric vehicle industry is on the verge of a transformation, with the spotlight shifting to EVs that can go the extra mile—literally. As consumers increasingly demand vehicles capable of covering hundreds of kilometres on a single charge at prices comparable to petrol and diesel-powered models, manufacturers are racing to deliver. Almost 75% of … Read more
Taxation of automobiles must be based on national goals of reducing fossil fuel consumption, decarbonisation and ‘Make in India’, and incentives must not be reserved only for a specific technology, according to Toyota Kirloskar Motor Executive Vice President & Country Head Vikram Gulati. Toyota Kirloskar Motor (TKM), which on Wednesday launched its new version of … Read more
