Why is Elon Musk's Tesla Inc. suing Gurugram-based Tesla Power India?
Justice Anish Dayal issued a notice to Tesla Power and prohibited it from releasing any promotional advertisements showcasing EV products with a trademark resembling Tesla Inc. until May 22, the date of the next hearing. However, the High Court noted that Tesla Inc. had not shown any sense of urgency in the case and was in communication with the Gurgaon company regarding the purported unauthorised use of its trademark since 2020.
 

Over 90% of fund gets used before FAME deadline; supports 1.5 mn vehicles
Data from the Ministry of Heavy Industries (MHI) shows that the Centre spent Rs 10,253 crore out of the total Rs 11,500 crore allocated for the five-year scheme. These funds were used to support 1.5 million vehicles over the past five years.

Tesla vs Tesla: US carmaker sues Indian namesake for copying trademark
Elon Musk's Tesla sues Indian battery maker ‘Tesla Power’ over trademark infringement, reigniting tensions
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Large order book, EV growh to drive auto parts maker Sona's growth
Auto parts maker Sona BLW Precision Forgings (Sona) reported strong revenue in the March quarter of Financial Year 2023-24 (Q4 FY24) as demand for electric vehicles expands.
 

The month gone by in automotive industry- April 2024
The Month Gone By' in Auto Industry is a monthly video series by ETAuto to stay updated on the latest developments in the Indian automotive sector. This series convenes industry experts from diverse backgrounds to offer their insights into various facets of the industry, including sales, production, exports, regulatory shifts, technological advancements, challenges, opportunities, and future projections.

2024 Maruti Suzuki Swift leaks: Expected engine, safety features and other details
Maruti Suzuki is gearing up to launch the 2024 Swift hatchback in India on May 9, with the automaker having already begun accepting bookings at ₹11,000. This will mark the debut of the fourth generation of the popular hatchback, which is set to renew competition with rivals like the Hyundai Grand i10 Nios and Tata Tiago.

‘Will recover margin loss due to new norm through price hikes’: Arnab Banerjee, MD and CEO, Ceat
Ceat, one of India’s biggest tyre producers, reported a 10% year-on-year decline in standalone net profit for Q4FY24 at Rs 119 crore. Revenue from operations grew by 4% to Rs 2,979 crore. The biggest reason for the drop was the impact of a new regulation. Arnab Banerjee, MD and CEO, Ceat, spoke to Swaraj Baggonkar on the results.

Citroen reimagines `SUV' with the Basalt

French Carmaker Citroen, part of the Stellantis  Group, has reimagined the `SUV’. Later, this year, it will launch the Basalt, which is unlike any SUV in the mass market. 

Car Review Mahindra XUV 3XO : Bit like Iphone Mini of SUVs

First impressions are good. The XUV 3XO by Mahindra impresses you because such a fine cabin loaded with technology, and space for five adults, is being offered at a price starting just Rs. 7.49 lakh.  But what about second impressions?  I just drove it all day long in and around Nashik.

Safety vs. profitability: Maruti has a new test coming up
When Maruti Suzuki launched Swift in May 2005, it was an instant hit among buyers looking for a hatchback that’s really ‘swift’. For nearly two decades, the model remained one of the best-selling passenger vehicles in the Indian market. To date, it has sold nearly 3 million units in the domestic market and exported 222,000 units.

Mahindra XUV 3XO: Evolution
Since the XUV 3OO’s launch five years ago, Mahindra has sold about 2.5 lakh units of the car, making it a fairly successful model. Considering Mahindra wasn’t quick to bring to the market what is a localised version of the SsangYong Tivoli and that the competition was already quite strong by the time it happened, that’s a respectable figure. Although for a moment, if we were to pause and compare what Maruti Suzuki (who had about a four-year head start in comparison to the XUV 3OO) achieved till now, you’d be surprised that the Brezza —over two generations —makes a much stronger business case, with 10 lakhs + units sold since 2016. Mahindradefinitelyneeded to do something substantial and with the new XUV 3XO, that’s what they’ve tried.

Skoda makes its Slavia and Kushaq safer than before
Skoda India’s commitment to safety became clear when both of its India-focussed products fared impressively well in Global NCAP’s crash tests, scoring full five stars. With the latest update, Skoda has now made six airbags available across the Slavia and Kushaq model range, ensuring that regardless of the model one chooses, they’ll get class-leading safety. Mechanically, the cars remain unchanged.

New car, SUV launches in May
It’s scorching hot this May and we’re not talking about the rising temperatures. The month kicked off with the launch of two highly anticipated SUVs – the Force Gurkha and the Mahindra XUV 300, which is an updated version of the XUV300. In this article, we will take a closer look at the new cars that will be introduced this month in India.

Hyundai Motor India Ltd announces its ‘Dil mein Bas Jaye EXTER’ multi-channel media campaign
Hyundai Motor India Ltd (HMIL) has launched its latest multi-channel media campaign for Hyundai EXTER, titled ‘Dil mein Bas Jaye EXTER’. 

Is less more?: Volvo XC40
That the Volvo XC40 Recharge made a lasting impression would be an understatement. When launched in 2022, it wasn’t just one of theveryfew luxury EVs tobe presentin the Indian market, itwas alsoquitewell-equipped —not just with features but power and range, too, enough to lure buyers to take electric propulsion seriously. Now, to widen the premium compact crossover SUV’s appeal, Volvo has introduced a new version of the XC40 Recharge —suffixed ‘E60’ —with fewer features, less power, andasa result, a lower price tag.

Commercial aircraft, motor vehicles lift US factory orders
New orders for U.S.-manufactured goods increased solidly in March, boosted by demand for commercial aircraft and motor vehicles, but gains elsewhere were moderate.

New bike & scooter launches in May
The month of May will witness multiple new launches in the month of May. These will include introduction of new motorcycles and scooters in both combustion engine and EV segments. The month kickstarted with the Ferrato Disruptor, a new premium electric sports bike from Okaya EV.

Bajaj Pulsar NS400Z launched at Rs 1.85 lakh— gets four ride modes
Bajaj has finally taken the lid of the all-new 400cc Pulsar. Officially called the Pulsar NS400Z, the naked streetfighter will sit on top of the Pulsar lineup. Priced at an introductory Rs 1.85 lakh (ex-showroom), the new Pulsar NS400Z is available in a single fully-loaded variant.

Bajaj Pulsar NS400 launch Live updates: Price, specs, features, and more
Bajaj Auto will finally open the lid to the all-new 400cc Pulsar today. The upcoming naked streetfighter will sit on top of the Pulsar range. Since the last few months, the Chakan-based manufacturer has been on a spree to update the entire Pulsar lineup. The most recent was the current flagship was the Pulsar N250 which received some crucial updates.

Okaya EV launches Ferrato Disruptor electric bike at Rs 1.60 lakh— offers 129km range
Okaya EV announced the launch of its new premium subsidiary brand Ferrato earlier in March this year. And now the homegrown EV startup has introduced the first model under this brand called Disruptor. Priced at Rs 1.60 lakh (ex-showroom), deliveries for the Ferrato Disruptor are expected to commence from August this year.

Raymond's board approves demerger of engineering biz for its foray into aerospace, defence, EV
The boards of various businesses of Raymond have given their nod for demerger of their engineering business to enable the company's and newly acquired Maini Precision Product's foray into certain sunrise sectors, the company said in a stock exchange filing on Friday.

CIE Automotive India Q1 Results Live : profit falls by 17.43% YOY
CIE Automotive India Q1 Results Live : CIE Automotive India announced their Q1 results on 02 May, 2024, with a decrease of 0.55% in revenue and a 17.43% decline in profit compared to the same period last year.

Rane Brake Lining stock gains 20% on Q4 results
Bengaluru: Shares of Rane Brake Lining Ltd hit the upper circuit on NSE and BSE after the company reported a 28 per cent rise in its profit after tax for the January-March 2024 quarter at ₹15.4 crore. The company recorded ₹12 crore PAT during the corresponding quarter of last year. For FY24, the board has recommended a dividend of ₹30 per equity share on 77,29,871 equity shares of ₹10 each fully paid up, subject to approval of members at the ensuing 19th AGM of the company to be held on July 22, 2024. The dividend, if declared, will be paid on July 31, 2024/

C-DAC-developed thermal smart camera tech transferred to CP Plus
The indigenous technologies of thermal smart camera, designed and developed by C-DAC (Centre for Development of Advanced Computing) Thiruvananthapuram, under The Intelligent Transportation System Endeavor (InTranSE) Program of the Union Ministry of Electronics and Information Technology (MeitY), was transferred to the CP Plus of Aditya Infotech, an official media release said.

Tata Tech FY 24 PBT up 17.1% YoY to INR 932.1 cr
New Delhi: Tata Technologies Limited, a leading global engineering services company, has announced financial results for the quarter and year ended March 31, 2024 .

Tyremaker CEAT's fourth-quarter profit falls on higher costs
Indian tyremaker CEAT reported a lower fourth-quarter profit on Thursday, hurt by higher rubber costs.

Tyre maker MRF posts surprise drop in profit as rubber prices jump
India's MRF reported a surprise drop in its fourth-quarter profit on Friday, as the tyre maker faced pressure from a spike in rubber prices.

MRF net vaults 170% to cross Rs 2,000 crore, to pay ₹194 final dividend
Chennai: MRF has announced a final dividend of ₹194 per share for the fiscal year ending March 31, 2024, on the back of the company recording a 170 per cent increase in net profit, which crossed the ₹2,000-crore mark at ₹2,081 crore, against ₹769 crore in 2022-23.

Vitesco Technologies; Profitability and cash flow for FY23 beat expectations
CEO Andreas Wolf said, “2023 was a challenging but successful year. Our company achieved further profitable growth, won major orders, and advanced its leading position in the electro-mobility market.”

CEAT shares plummet 9% after Q4 net profit dips 23% YoY
CEAT posts 22% dip in net profit in Q4
The Hindu Business Line

India's fossil fuel capacity grows 2.44% in FY24; non fossil-fuel rises 11%: Govt data
New Delhi: The country's fossil fuel-based power generation capacity increased 2.44% to 243.22 GW in FY24 from 237.27 GW in March 2023, according to official figures. There was a 10.79% rise in non-fossil fuel based capacity (renewable energy sources) addition at 190.57 gigawatt (GW) in 2023-24 over 172.01 GW in 2022-23, the government data showed.

Hyundai Genesis India launch likely by second half of 2025
Source Credit: Autocar India

With the Indian luxury car market on the cusp of hitting a record high, Hyundai Motor Corporation is looking to launch its premium, luxury brand Genesis in the country, most likely by late 2025. Sources say, Hyundai has set up a new team to craft a plan for the market launch of the Genesis brand in India. Our sister publication Autocar Professional learns the predominant focus of the Genesis brand in the country will be on SUVs. This corroborates our report from a while back that said Hyundai was keen to bring its Genesis luxury arm to India.

India could be Citroen’s second largest market in five years: Thierry Koskas
Source Credit: Autocar India

Thierry Koskas the global CEO of the Citroen brand and Stellantis' chief sales and marketing officer says, “India can become its second biggest market worldwide” for the French car brand, in the next five years. “Our biggest market is obviously our home country, France, where we sell 2,00,000 cars per year. And after that, we have other European countries. But I think that India has the potential, not now, but let's say within five years, to become the second biggest market,” Koskas said in an interview with Autocar India.

Kia EV6 facelift teased ahead of world premiere
Source Credit: Autocar India

The popular Kia EV6 is all set get its first mid-life overhaul soon. Kia has released initial set of teasers ahead of the EV6 facelift’s global debut in the coming weeks. The EV6 facelift will debut around three years after the original car was revealed. 

New Maruti Swift for India leaked in full ahead of launch
Source Credit: Autocar India

The launch of the fourth-gen Maruti Swift is imminent, with bookings already having opened. Another indication that the new Swift’s launch is close is that the model has started arriving at Maruti’s Arena dealerships across the country. This is where we have got our first good look at the India-specific Swift, which does get some design changes over the model on sale in markets abroad.

Bajaj Pulsar NS400Z launched at Rs 1.85 lakh
Source Credit: Autocar India

Several teasers, spy shots and a comprehensive leak later, the Bajaj Pulsar NS400Z has finally been launched, priced at Rs 1.85 lakh (introductory).  

Bike, scooter sales on upward trajectory in April 2024
Source Credit: Autocar India

Sales figures for the top six two-wheeler companies in India are out for the first month of FY25 and here’s how each OEM performed. 

New Royal Enfield Himalayan long-term review, 1,900km report
Source Credit: Autocar India

Our long term Himalayan has a pretty strong tendency for leaning to the right. No, that’s not a silly election season joke, because the bike actually does pull to the right the moment you let go of the handlebar. Since I don’t tend to do that very often, it was a while before I discovered this behaviour, but plenty of subsequent experimenting has proven that the bike always goes right, even if it’s against the camber of the road. 

Maruti plans major capacity expansions with three new plants
Source Credit: Autocar India

Maruti Suzuki will be commissioning an unprecedented 'one new plant every financial year and two new plants that will be under construction each year' in the next four to five years to participate in the fast-growing Indian market.

Mahindra XUV700 Blaze Edition priced from Rs 24.24 lakh
Source Credit: Autocar India

Mahindra will soon be introducing a new ‘Blaze Edition’ of the XUV700 SUV. This special edition SUV will likely be limited to just 2,500 units and comes with a unique matte red paint option, along with certain blacked-out elements. Our dealer sources say prices for the XUV700 Blaze Edition start from Rs 24.24 lakh (ex-showroom, India). An official launch is expected soon.

Honda City, Amaze, Elevate get up to Rs 1.15 lakh off this month
Source Credit: Autocar India

Honda India is offering a raft of discounts across its model lineup, which consists of the Amaze, City, City hybrid and the recently launched Elevate. Read on to know how much you can save on a new Honda this month. 

Ferrari 12Cilindri revealed with 830hp V12
Source Credit: Autocar India

Ferrari’s new flagship GT car, the 12Cilindri, is the most powerful pure-combustion car it has yet put into series production.  Revealed on the sidelines of the Miami Grand Prix to commemorate Ferrari’s 70th anniversary in the US, the 12Cilindri “opens a new chapter in Ferrari history”, according to the brand’s chief marketing and commercial officer, Enrico Galliera.

Over-regulation has made automobiles 'unduly expensive' in India: Rajiv Bajaj
Source Credit: Autocar India

Bajaj Auto's MD Rajiv Bajaj said that "overregulation" related to safety and emissions has made automobiles, especially entry-level two-wheelers, in India "unduly expensive" and called for a GST cut on entry-level motorcycles to make them more accessible in the Indian market. 

US ends probe into Tesla Model X, S over loss of rear-view camera
The U.S. National Highway Traffic Safety Administration said on Friday it has closed an engineering analysis opened to investigate the loss of rear-view cameras in about 158,716 Tesla's Model X and Model S vehicles.

EU says information from three Chinese EV makers insufficient
The European Commission has warned three Chinese electric vehicle makers that they have not supplied sufficient information for its anti-subsidy investigation, according to two people familiar with the case.

Toyota establishes H2HQ in California to promote fuel cell technology
New Delhi: Reaffirming its commitment to support fuel cell and additional hydrogen-related products and technology toward a hydrogen economy, Toyota Motor North America (TMNA) Friday announced that it is renaming the TMNA R&D California office as its new North American Hydrogen Headquarters (H2HQ).

Heavy oil shortage spells higher cost for shippers, road builders
Mexican export cuts and a rerouting of Canadian output are shrinking already limited supplies of heavy crude in the Atlantic basin, driving up refiners' costs with a likely knock-on effect to industries ranging from shipping and construction to Middle Eastern power plants.

Status of Uber, Lyft gig workers hinges on Massachusetts court fight
Massachusetts has become the latest front in a years-long battle in the United States over whether ride-share drivers for Uber and Lyft should be treated as independent contractors or employees entitled to benefits and wage protections.

Reliance starts trading US oil setting Brent oil benchmark
India's Reliance has made its first foray into trading a type of US crude oil that underpins the global Brent benchmark in a process run by oil-index publisher S&P Global Commodity Insights, the publisher said.

North America drives Daimler Truck to core profit beat
Germany's Daimler Truck AG posted first-quarter core profit of 1.21 billion euros (USD 1.30 billion) on Friday, beating the consensus estimate of 1.17 billion euros in a company poll, driven by a strong performance of its Trucks North America business.

BorgWarner raises full-year 2024 adjusted profit outlook
Auto parts supplier BorgWarner raised its full-year adjusted profit outlook on Thursday, aided by sustained demand from its exhausts, turbos and emission control systems.

Aptiv to sell stake in self-driving venture to Hyundai, cuts FY sales view
Auto parts supplier Aptiv on Thursday cut its annual sales forecast and said it would reduce equity interest in its self-driving joint venture, Motional, with Hyundai Motor.

Albemarle may lower capex if lithium prices stay low
Albemarle, the world's largest producer of lithium for electric vehicle batteries, could look at reducing capital expenditure in the coming years if lithium prices remain flat, the company said on Thursday.

FuelCell Energy and Toyota North America launch ‘tri-gen’ production system
“The goal of our collaboration with FuelCell Energy was to find sustainable solutions for the TLS vehicle processing facility here at the Port of Long Beach as part of our goal to remove carbon dioxide emissions from our operations,” said Group Vice President of Sustainability and Regulatory Affairs at Toyota, Tom Stricker. “This groundbreaking facility shows that there are ways to reduce our emissions and burden on natural resources with scalable technology based on hydrogen.”

EV makers get two-year reprieve on tax-credit restrictions
The Biden administration softened its proposed limits on tax credits for electric vehicles, letting consumers get up to $7,500 for cars containing Chinese graphite through 2026.