Bharat Mobility Expo a milestone event, to be merged into Auto Expo, says Piyush Goyal
The inaugural edition of the Bharat Mobility Global Expo was a grand success and a milestone event in the industry of mobility, said Piyush Goyal, Minister of Commerce & Industry. Addressing the media at a recent press conference, Goyal added that the exhibition will, henceforth, become an annual event.

High-base effect, auto sales in India to see moderation in FY2025 says ICRA
The domestic automotive industry recorded robust growth trends across segments in FY2023, aided by a low base, recovery in economic activities, and increased mobility. Following a period of robust growth and a relatively healthy base across automotive segments, the pace of growth has started to see moderation in FY2024, and the trend is expected to continue in FY2025 as well says ICRA.

Tata Motors share price jumps over 7% to a record high after strong Q3 results
Tata Motors share price rallied over 7% to open at a fresh 52-week high on Monday after the auto major reported strong Q3 results with a two-fold jump in its consolidated net profit. Tata Motors shares gained as much as 7.19% to ₹942.00 apiece on the BSE.

No plans to sell stake in EV arm: Tata Motors
Tata Motors is not looking to sell a bigger stake in its recently created subsidiary, Tata Passenger Electric Mobility (TPEML), a senior has official indicated, as the environment is not conducive to raising funds.

Toyota Kirloskar Motor’s safety hackathon held at RV Institute of Technology & Management
Reinforcing road safety and coinciding with the ‘Road Safety Month (January 18  – February 17), Toyota Kirloskar Motor has announced the successful culmination of 24 hours Toyota Hackathon, held at the RV Institute of Technology and Management, Bangalore. The stage event was presided by the Chief Guests H C Balakrishna, MLA Magadi & Chairman – Karnataka Road Development, Government of Karnataka; Sharath Bache Gowda, Chairman, Karnataka State Electronics Development Corporation (KEONICS), Government of Karnataka; Guest of Honour, J Purushotham, Additional Commissioner for Transport & Director – Road Safety Cell, Transport Department, Government of Karnataka; Special Invitee – Brijesh Agarwal, VP – Operations at Consero Global & Assistant Chief Traffic Warden, along with TKM’s Senior Executive – Sudeep S. Dalvi, Chief Communication Officer & Senior VP and Director, and other key dignitaries.

Recyclekaro signs MOU with BARC for copper oxide nanoparticles production from e-waste
New Delhi: Recyclekaro, a leading e-waste and lithium-ion battery recycling company in India, has entered into a Memorandum of Understanding (MOU) with Bhabha Atomic Research Centre (BARC), India's foremost nuclear research institution. The collaboration aims to utilize/leverage BARC's advanced technology for the extraction of high-purity copper oxide nanoparticles from depopulated printed circuit boards (PCBs).

Bharat Mobility Expo 2024: ZF showcases future-ready products
New Delhi: In a display of its technological prowess, ZF, the world's third-largest automotive supplier, took stage at the ACMA Automechanika New Delhi 2024 / Bharat Mobility Global Expo 2024.

Tata Motors launches 'Karo Life Control Mein’ campaign for Fleet Edge
Mumbai: Tata Motors, India’s largest commercial vehicle manufacturer, has launched ‘Karo Life Control Mein’ campaign for its connected commercial vehicles platform – Tata Motors Fleet Edge.

Tata Motors stays in the fast lane. But can it dodge upcoming hurdles?
It appears there is no stopping the Tata Motors Ltd stock. Post its December-quarter (Q3FY24) results, the automaker’s shares gained nearly 6% on Monday, becoming the top Nifty 50 gainer.

Ola & Uber to be part of Karnataka’s uniform taxi fare scheme: Check new price structure here
In a bid to help the commuters, Karnataka government has issued a new diktat on uniform taxi fare in the state. The latest order by the Karnataka Transport Department will cover all taxis plying in the state. Most importantly, cabs run by both Ola and Uber will also come under the new rule. This means that usual city taxis, which have meters to check the fare, and app-based taxis services will have a common fare structure. The PTI report says that the fare structure has come into force with immediate effect. The new uniform fare structure removes the possibility of surge pricing by the app-based taxi services. So far, neither Ola nor Uber have released any statement in this regard.

Only 38% of Fame 2 subsidy used so far in FY24, shows govt data
In 2023-24, according to MHI, the budgeted allocation was Rs 5,171.97 crore.
 

Continental Tires showcases its product range at Bharat Mobility Expo 2024
Continental Tires, one of the leading manufacturers of premium tyres showcased its latest tyre technology and mobility solutions with a focus on safety, sustainability, and high performance at the Bharat Mobility Expo 2024 in Pragati Maidan, New Delhi.

Tata Motors rallies over 7%, hits record high on strong Q3 show
Tata Motors hits new high, surges 7% on robust December quarter results

EV ride-hailing platform Snap-E Cabs raises USD 2.5 m in Pre-Series A round
Snap-E Cabs raises $2.5 million in Pre-Series A led by Inflection Point Ventures

Hyundai plans Diwali IPO in Indian stock markets; slated to be largest ever surpassing LIC issue size
Hyundai Motor India may launch India's largest IPO ever this Diwali

Hybrid vehicles seen racing ahead in auto battle on possible tax sop

Recently, missives have floated across the top tier of policymaking, as a result of which the Ministry of Heavy Industries has formed an internal committee to examine whether the cess on hybrid cars should be reduced.  

2024 Maruti Dzire spied for first time, based on new-gen Swift
Launch of the fourth-generation Maruti Suzuki Swift is around the corners. The latest iteration of the hatchback made its debut at the Japan Mobility Show in November 2023 and is likely to go on sale in India in the coming few weeks. Test mules of the new-gen Swift have been spied on multiple occasions– both on foreign and Indian soils.

Hyundai declines to comment on potential IPO plans in India
South Korean auto major Hyundai Motor Company has been in the news, following a media report on its plans to list its India entity on stock exchange.

Mahindra's Scorpio N Hits 100,000 production mark in less than 2 years
Mahindra and Mahindra has rolled out the 100,000th Scorpio N SUV. Launched in June 2022, it has reached this milestone in less than two years.

New Hyundai i20 Sportz (O) variant launched at Rs 8.73 lakh
Hyundai has launched the i20 Sportz (O) variant in India, priced at Rs 8.73 lakh ex-showroom. Based on the Sportz trim, the new variant is available with a single or dual-tone paint scheme, with the dual-tone version carrying a price tag of Rs 8.88 lakh ex-showroom.

MG Motor cuts prices across all models; launches ZS EV variant at INR 19 lakh
The MG ZS EV, MG's first electric vehicle, comes in three versions: Excite, Exclusive, and Exclusive Pro. A new base variant, Executive, has been introduced, at INR 18.98 lakh which is almost INR 4 lakh less than the Excite variant that cost INR 22.8 lakh (ex-showroom).

From Tata Curvv to Maruti Suzuki eVX: Upcoming electric vehicles expected to debut in India
Tata Motors is spearheading the electric vehicle (EV) revolution in 2024, as the automotive industry gears up to offer a plethora of options for those seeking to transition to electric four-wheelers. In a strategic move to contribute to this paradigm shift, top car manufacturers such as Maruti Suzuki and Mahindra are also set to introduce multiple EV models throughout the year. Tata Motors has officially confirmed the debut of five new electric vehicles, marking the highest number of EV launches by any automaker this year, reported HT Auto. 

Snap-E Cabs raises $2.5 million in pre-Series A round

In a release, Rahul Wagh, Managing Director, Inflection Point Ventures, said, “Enabling policies both at a national and State level, the Indian government has made the environment conducive for e-mobility in India, helping drive towards its goal of achieving 30 per cent electrification of the country’s vehicle fleet by 2030. This shift has given rise to numerous business opportunities and models in the EV sector.”

ITC to induct over 100 Eicher Pro 2055 EVs for sustainable logistics solutions
Eicher Trucks and Buses, a division of VE Commercial Vehicles (VECV) has joined hands with ITC to promote sustainable and environment-friendly mid-mile logistics solutions across various ITC locations in India. As part of this collaboration, ITC, through its vendors partners, will progressively deploy over 100 units of the 5.5-tonne electric vehicle, the Eicher Pro 2055 EV, for mid-mile transportation from ITC warehouses to customer locations. The first deliveries started from December 2023 and initial deployment includes the key metros of Delhi, Hyderabad, Mumbai, Bengaluru, Chennai, Kolkata, Pune, and Ahmedabad. This collaboration reflects the shared vision of both brands, to reduce their carbon footprint and support India’s ‘Net Zero’ commitments.

Greaves Retail's AutoEVMart range includes E3Ws from Zero21
AutoEVmart, a multi-brand EV retail store by Greaves Retail, the retail and distribution unit of Greaves Cotton Ltd., announced its partnership with Zero21, an energy solutions company based in Hyderabad.

Ashok Leyland reports Rs 580 crore net profit for Q3 FY2024
Ashok Leyland, the Indian flagship of the Hinduja Group has announced its financial results for Q3 FY2024. The company reported revenue of Rs 9,273 crore, up 2.7 percent YoY and net profit of Rs 580 crore, up 60 percent YoY.

VST Group appoints Arun Surendra as Chairman of Tillers Tractors
Bengaluru: Bengaluru-headquartered VST Group, a franchise dealer for luxury and sport cars, has appointed Arun V Surendra as Chairman of VST Tillers Tractors Ltd. In an interview with businessline, Arun said, “We had a change in leadership in our tractor division. The previous chairman of our tractor division, who guided it for 30 years, has stepped down.”

Hero Xtreme 125R vs TVS Raider vs Bajaj Pulsar NS125 – Specification check
The Hero Xtreme 125R was launched in India a few days ago, and the motorcycle has set the ‘sporty’ aspect a notch higher compared to its rivals. However, two other motorcycles in the segment ooze style as well — Bajaj Pulsar NS125 and TVS Raider. So how do the three compare in terms of pricing and specifications? Here’s a comparison.

Royal Enfield sells 76,187 units in Jan, exports decline
Royal Enfield continued to post strong sales numbers. The Chennai-based motorcycle brand ended the month of January 2024 on a strong note with a total of 76,187 units sold. Out of these, 70,556 units were sold in the domestic market and the rest 5,631 units shipped to overseas markets.

Hero Xtreme 160R 4V: Long term review
New Delhi: Hero MotoCorp's Extreme 160R 4V has made a spot in the Indian motorcycle market. Launched at a competitive price of INR 1.27 lakhs (ex-sohwroom), this bike offers a blend of style and performance that stands out in its class.

Honda’s 350cc scrambler patents revealed
Just days after we reported about Honda’s patents revealing adventure motorcycle plans, another image has surfaced showcasing Honda’s plans to develop a scrambler, based on the 350cc platform. The patent image looks similar to the CB 350 RS, however, there are notable changes.

Vegh Auto ventures into b2b 2Ws, launches DR!EV, price starts at INR 70,000
DR!EV's smart charging technology enables rapid charging times of 3.5-4 hours for 0-80% capacity, minimizing downtime and ensuring continuous operation for businesses. Crafted with premium materials and advanced engineering, DR!EV offers superior durability, safety, and comfort in all conditions. Backed by extensive warranties for battery, motor, charger, and controller, Vegh Automobiles reaffirms its commitment to customer satisfaction and long-term reliability with DR!EV.

Ramkrishna Forgings secures $13.16 million contract; stock inches up
Bengaluru: Ramkrishna Forgings Ltd has secured a contract valued at $13.16 million from a North American axle manufacturer. Under the partnership, the company will be supplying rear axle components and services for the off-highway sector for the next four years, as stated in the stock exchange filing.

ASK Auto Q3 FY24 PAT up 71%
 

Vanguard slashes Ola valuation by 29% to below USD 2 bn
The previous valuation revision by Vanguard of its shareholding in ANI Technologies had slashed the company’s fair value by 24% from USD 3.5 billion, which was the value as of May 31 last year.

Greenfuel partners EVE Energy for sourcing lithium cells
Greenfuel Energy Solutions, India’s leading provider of clean mobility solutions and Energy Storage Systems (ESS) has inked a strategic partnership with China-based lithium battery company EVE Energy.

TVS SCS Q3 net profit drops 42% at Rs 10 crore
TVS SCS returns to profitability in Q3 FY24
The Hindu Business Line

India becomes dumping ground of waste tyres, need to act fast: ATMA
Dumping of waste tyres into India is not only unsafe but is also polluting the environment. Between April and November 2023, around 8.8 lakh million tonnes of scrapped tyres were brought from developed countries which are burnt or retreated for selling into the aftermarket, which are very unsafe, Anshuman Singhania, Chairman of Automotive Tyre Manufacturers’ Association (ATMA) said. And, if such activities continue then India will become a dumping ground of the world, and anyone can imagine the consequences, he said.

IOC, BPCL, HPCL post Rs 69,000 crore net profit in Apr-Dec, higher than pre-oil crisis annual earnings
State-owned fuel retailers Indian Oil Corporation, Bharat Petroleum Corporation Ltd and Hindustan Petroleum Corporation Ltd reported bumper profit totalling over Rs 69,000 crore in the first nine months of the current fiscal which far exceeded their annual earning in pre-oil crisis years. The combined net profit of IOC, BPCL and HPCL in April-December FY24 was better than their annual earning of Rs 39,356 crore in pre-oil crisis year, regulatory filings by them showed.

India could be the largest electric vehicle market by 2030: Piyush Goyal
Source Credit: Autocar India

With the adoption of electric vehicles picking up in the country, India could become the largest EV market in the world by 2030, said the Union Minister of Commerce and Industry, Piyush Goyal, today.

Hyundai i20 Sportz (O) launched at Rs 8.73 lakh
Source Credit: Autocar India

The Hyundai i20 facelift was launched in the Indian market back in September 2023 and the brand has now introduced a new Sportz (O) trim that is Rs 35,000 dearer than the Sportz trim, which sits below the new trim. The Sportz (O) is priced at Rs 8.73 lakh (ex-showroom) for the monotone paint options, while the dual-tone paint versions are priced at Rs 8.88 lakh. The new variant will be visually more or less identical to the Sportz variant, but it gets more features; read on to find out what additional features the i20 Sportz (O) gets. 

January 2024 sees uptick in new scooter, bike sales
Source Credit: Autocar India

The first month of 2024 saw the six major OEMs in the Indian two-wheeler market regain traction over a rather slow December 2023. Read on to see how each company fared.

New cars, SUVs launching in February 2024 and beyond
Source Credit: Autocar India

The first month of 2024 has already seen 18 new car launches, which is no small number by any means, and it doesn’t seem like carmakers are slowing down much. There are at least 8 new cars that are expected to launch in India in the next few months, and the models being brought in are across segments. Maruti Suzuki, Tata, Mahindra, Hyundai and Mercedes-Benz are slated to bring in new models to the country soon. Here’s the full list and when to expect them.

Bharat Mobility Global Expo to replace Auto Expo
Source Credit: Autocar India

The Bharat Mobility Global Expo 2024, meant to be a groundbreaking event aimed at showcasing India's prowess in the mobility sector, has concluded its first edition on a resounding note. The Minister of Commerce & Industry, Piyush Goyal, announced on the final day that the immensely successful expo would now become an annual affair. Commending this year's achievements, Minister Goyal emphasised the event's colossal scale and its significant impact on the mobility industry.

Next-gen Maruti Dzire spied for the first time
Source Credit: Autocar India

The all-new Dzire seems to be getting ready for a market launch in the coming months. The fourth-gen Dzire (internal codename: YED) will follow the new Swift, which will go on sale in the coming weeks, to the market. Fresh spy shots suggest Maruti will stick to the tried-and-tested formula of a Swift-based compact sedan for the Indian market. 

Maruti Fronx gets up to Rs 83,000 off on MY2023 stock
Source Credit: Autocar India

Maruti Suzuki is offering significant discounts on its premium Nexa range of cars in February, but it’s buyers of the Fronx compact SUV that can avail some of the best benefits this month. Along with Maruti Nexa dealers having been authorised to offer a cash discount and an exchange bonus on MY23 Fronx models, MY23 and MY24 stock can be had with a new Velocity Edition kit worth Rs 43,000 as well.

Maruti Grand Vitara gets up to Rs 75,000 off on MY2023 stocks
Source Credit: Autocar India

Maruti Suzuki is offering attractive discounts and benefits on Nexa models such as the Grand Vitara, Jimny, Baleno and Ignis this February. These can be availed in the form of cash discounts and exchange offers and is available on both MY2023 and MY2024 production units. The only models not listed with any offers are the XL6 and Invicto MPVs.  

Maruti Alto K10, Swift, Wagon R get up to Rs 62,000 off this February
Source Credit: Autocar India

Maruti Suzuki Arena is offering discounts of up to Rs 62,000 on models such as the Alto K10, S-Presso, Swift and Dzire. The benefits on offer are inclusive of cash discounts, exchange bonus and corporate discounts. However, just as last month, there are no benefits listed on the Brezza and Ertiga.

Mahindra XUV300 facelift enters final testing as launch nears
Source Credit: Autocar India

Mahindra’s next launch for India will be the XUV300 facelift that will go on sale in the coming weeks. The heavily updated XUV300 will be Mahindra’s second shot at the very competitive compact SUV market, which also has contenders like the Nexon, Sonet, Venue and the Brezza.  We tell you what all will be new on the refreshed XUV300 SUV along with details on its powertrain options.

Next-gen Audi Q7 global debut by 2026
Source Credit: Autocar India

Audi has begun work on the third-generation Q7 SUV that will see a global debut by 2026. The new Q7 will be one of the last combustion-engine-powered Audi cars as the German brand has plans to introduce electric models only from 2026.

Foxconn sees 'slightly better' 2024, warns on AI chip shortage
Taiwan's Foxconn, Apple's biggest iPhone assembler and the world's largest contract electronics maker, expects its business this year to be "slightly better" than last year but is facing a shortage of chips for AI servers.

Porsche’s new Taycan offers 587 km range in pre-series test drives
New Delhi: Initial test drives with pre-series Taycan between Los Angeles and San Diego showed that the new generation of the electric sports car has a total range of up to 587 km. The Taycan has thus impressively demonstrated its greatly improved long-distance potential. The practical test took place this week on Interstate Highway 405 and 5.

Human Horizons’ HiPhi Z sets record in EV range test covering 552 km
New Delhi: Human Horizons, a notable player in automotive innovation, recently celebrated an achievement for its HiPhi Z electric vehicle (EV) during the world's largest EV range test. The test, organized by the Norwegian Automobile Federation and Motor Magazine, sought to establish industry benchmarks for electric vehicle range and charging speed.

Chiyoda and Toyota join to develop large-scale electrolysis system for hydrogen production
Chiyoda Corporation and Toyota Motor Corporation have agreed to jointly develop a large-scale electrolysis system and construct a strategic partnership and have signed a basic agreement on cooperation.

UK battery EV sales hit 1 million mark, but help needed
Britain sold its one millionth battery electric vehicle (BEV) in January despite a drop in private buyer demand, an industry body said Monday, calling on the government to provide relief to buyers in next month's budget.

From Bugatti Chiron to Rolls Royce Phantom: Here’s a look at birthday boy Cristiano Ronaldo’s car collection
Almost everyone, even those who aren’t into football, are familiar with the name Cristiano Ronaldo. One of the most celebrated soccer players of all time, Ronaldo is also one of the most talked about footballers and is always in the news. The Portuguese player is celebrating his 39th birthday today.

Mercedes-Benz data exposed; passwords, cloud access keys leaked
A GitHub token leak compromised Mercedes-Benz's source code, revealing critical internal information including intellectual property, passwords, and cloud access keys.

EVs take a gap year awaiting sub-$30k Tesla
Source Credit: The Financial Express (Delhi Print Edition)