🎤 Interviews & Features
New-gen Maruti Swift launch today: All you need to know
The Swift has been much like a prodigal son for Maruti Suzuki for almost two decades now as one of its primary breadwinners for the carmaker in India. An all-new version of Swift is about to launch today which will get subtle styling updates, some additional features, and a brand new engine.
Maruti considering launching electric hatchback: MD & CEO Hisashi Takeuchi
Takeuchi told reporters that annual sales of premium hatchbacks in India were expected to surpass 1 million by 2030, up from about 700,000 units currently. Earlier in the day, he launched the new version of Swift with a Z-Series 1.2-litre petrol engine and six airbags as standard fitment, with prices starting at Rs 6.49 lakh (ex-showroom).
Internet breaks as Dolly Chaiwala and ‘Vada Pav Girl’ take joyrides in sports cars
Social media sensation Chandrika Dixit or popularly known as Delhi’s ‘Vada Pav Girl’ and the man who served tea to none other than Microsoft co-founder Bill Gates, Dolly Chaiwala, have again managed to create waves and hog the headlines as they were seen driving iconic sport cars to their respective stalls.
New-gen Maruti Swift launch Live updates: Prices, specs, features, and more
After multiple teasers and spy shots, Maruti Suzuki will launch the new generation model of Swift in India today. The fourth-gen Swift made its debut at the Japan Mobilty Show in Tokyo last year in October. Earlier in March this year, it made its way to the United Kingdom market. That said, the India-spec model will be slightly different from its Japanese and English siblings.
📝 Hatchbacks poised for revival as entry-level customer base expands: Hisashi Takeuchi, Maruti Suzuki
📝 2024 Maruti Suzuki Swift vs Tata Tiago vs Hyundai Grand i10: Price, features, engine and specifications compared
📝 2024 Maruti Suzuki Swift launched, promises better fuel economy than before
Read More >>
🚗 Cars / SUVs
Volkswagen partners with GeM to sell GNCAP 5 Star-rated cars to Govt departments, PSUs
Volkswagen Passenger Cars India Thursday announced its association with Government e Marketplace (GeM), to facilitate direct procurement of Volkswagen cars by Government departments.
2024 Maruti Suzuki Swift launched at Rs 6.49 lakh
The much-awaited launch is done and dusted, as the 2024 Maruti Suzuki Swift is here, launched at Rs 6.49 lakh, ex-showroom. The new Maruti Suzuki Swift gets a host of changes, primarily in the features and equipment department, while it gets subtle design changes to keep it relevant.
Maruti Suzuki invests INR 1,450 cr in 4th-gen Swift, expects premium hatchbacks to grow to 1 mn by 2030
New Delhi: To bring the new-gen model of its popular premium hatchback Swift, Maruti Suzuki India Limited (MSIL) has invested about INR 1,450 crore for its development. This includes investment in the new Z-Series 1.2L engine along with the tools and dyes for the vehicle.
Hatchback segment will not disappear from market: Maruti Suzuki CEO
New Delhi: Hatchback segment is not disappearing, and it still has a big market in India, a top official at Maruti Suzuki India (MSIL) said on Wednesday, adding that currently sports utility vehicles (SUVs) are big in demand because of the road conditions here. “SUVs are good for India because the road conditions are not so good. Sometimes water logging...so may be SUV-like cars are good for Indian road conditions. But people’s preference is not in only one direction. There are always people who prefer to drive different segments like a sedan or a hatchback, even in European markets,” Hisashi Takeuchi, Managing Director and Chief Executive Officer, MSIL, told reporters here on the sidelines of the new Swift launch.
Maruti Suzuki to re-energise small car segment; drives in 4th gen Swift
New Delhi: Betting big on the entry-level segment, Maruti Suzuki India on Thursday said it will continue to "re-energise" the small car segment as the automaker expects the vertical to revive over the next few years, according to MD & CEO Hisashi Takeuchi.
Kia files new trademark ‘Syros’ in India — What is it?
Kia has multiple new models in development currently, some of which are likely to come to India too. The Korean carmaker’s next big launch will be a new-gen model of Carnival. As mentioned in our earlier report, Kia is working on a subcompact electric SUV specifically for the Indian market.
📝 Small cars will be big again, says Maruti Suzuki
📝 Maruti Suzuki Swift 2024 launched at Rs 6.49 lakh, also available on monthly subscription of Rs 17,436
📝 Planning to buy a car? Maruti is offering Rs 65,000 discounts. Here are all details
📝 Maruti Suzuki Swift 2024 launch: Expected price, features, mileage, design and other details in EPIC new Swift
📝 Maruti Suzuki not ready to give up on small cars despite SUV craze. Here's why
📝 Small cars not disappearing anywhere, says Maruti Suzuki
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🏍 2/3 Wheelers
TVS Motor Co expects 25-30% of 2-wheeler sales to come from EVs: MD Sudarshan Venu
TVS Motor Company expects electric vehicles to account for 25-30% of its total two-wheeler sales in the next two to three years, according to Managing Director Sudarshan Venu. The company, which had earlier this year reiterated its commitment to invest INR 5,000 crore towards design, development and deployment of future technologies, products, and digital capabilities, is betting big on electric mobility and may even look at electric bicycle and cargo three-wheelers, to have a full range of products.
TVS Motor Co Q4 Results Live : profit rise by 15.14% YOY
TVS Motor Co Q4 Results Live : TVS Motor Co declared their Q4 results on 08 May, 2024. The topline increased by 25.04% & the profit increased by 15.14% YoY. However, as compared to the previous quarter, the revenue declined by 0.71% and the profit decreased by 19.17%.
New Bajaj NS400Z vs Dominar 400 comparison
The Dominar was Bajaj’s flagship offering in the Indian market and other markets around the world, however, with the launch of the new NS400Z, Bajaj has two motorcycles at the top of its product range. So how do they compare against each other? Let’s take a closer look at the two 400cc motorcycles.
TVS Motor shares climb over 6% after March quarter earnings
Shares of TVS Motor Company climbed over 6 per cent on Thursday (May 9) after the company’s consolidated net profit increased 15 per cent to Rs 387 crore for Q4 due to robust sales.
Why Pulsar takes pride of place at Bajaj Auto
New Delhi: The launch of the Pulsar NS400Z earlier this month marks yet another milestone for this motorcycle brand which is now into its 23rd year and still going strong.
Hero Motocorp Q4 Results Live : profit rise by 16.13% YOY
Hero Motocorp Q4 Results Live : Hero Motocorp declared their Q4 results on 08 May, 2024. The topline increased by 14.02% & the profit increased by 16.13% YoY.
Hero MotoCorp gears up for robust growth led by rich product mix
Hero MotoCorp Ltd’s earnings performance for the March quarter (Q4FY24) has a few bright spots. For one, a richer product mix contributed to a 4.6% year-on-year growth in its average realization, at ₹68,373. Sales volumes surged 9.6%, driven by a 10.3% increase in motorcycles, which made up 93% of total volumes, with the rest coming from scooters. Consequently, overall revenue growth stood at 14.6% in Q4, totalling ₹9,519 crore.
KTM teases 990 RC R prototype
After more than a decade without a true performance road bike, KTM leverages its legacy and MotoGP expertise to craft a machine designed for extreme cornering and thrilling acceleration, the company said in a media release.
📝 Bikes will retake pre-covid peak in two years: TVS
📝 TVS, Hero profits up, expect momentum to continue
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🚲 Electric 2/3 Wheelers
Ola CEO Bhavish Aggarwal slams LinkedIn for removing ‘pronoun illness’ post: ‘YOUR AI imposing political…’
Ola CEO Bhavish Aggarwal on Thursday slammed LinkedIn after the employment-focused social media platform removed his post on “pronoun illness". In a post on X (formerly Twitter), he wrote, “This post of mine was about YOUR AI imposing a political ideology on Indian users that’s unsafe, sinister."
iVOOMi JeetX ZE e-scooter with 170km range launched at Rs Rs 79,999
Electric vehicle maker iVOOMi has launched the JeetX ZE e-scooter in India, priced at Rs 79,999 onwards. The scooter is available in three variants, 2.1kWh, 2.5kWh and 3kWh battery packs. The company also claims a range of 170km on a full charge, while also being 20% lighter compared to its predecessor.
TVS Motor to launch new variants of iQube, e3W in FY25
Source Credit: Shubhangi Bhatia, The Economic Times
New Delhi: In an attempt to cater to customers at multiple price points, Chennai-based TVS Motor Company is gearing up to introduce a new range of two- and three-wheelers in the current financial year.
“We are constantly looking at white spaces. FY25 will be an interesting year, you will see launches in both ICE and EV category. More options on the current iQube will be available shortly,” KN Radhakrishnan, Director and CEO, TVS Motor Company, said during the company's Q4FY24 analyst call on Wednesday.
The company will begin with the launch of new variants of its electric scooter iQube. Without sharing specific timelines, the automaker said it will be introducing new variants to provide different battery capacities and price points. An electric three wheeler (e3W) is in “advanced stage” of development and will also be launched this year. It will be “not only for India but many other markets”.
| TVS iQube Electric Scooter |
Domestic Sales (in units) |
| FY20 |
18 |
| FY21 |
1,061 |
| FY22 |
10,773 |
| FY23 |
96,654 |
| FY24 |
1,89,896 |
For FY25, the company will make an investment in the tune of INR 1100-1200 crore. It has aligned a capex of around INR 1000 crore including new products.
📝 Hero MotoCorp planning to launch electric two wheelers in mid and affordable segment
📝 Gemopai electric scooters get cashback offer of upto ₹15,000. Check details
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⚙ Components
Bharat Forge Q4 Results Live : profit rise by 74.01% YOY
Bharat Forge Q4 Results Live : Bharat Forge declared their Q4 results on 08 May, 2024, with the topline increasing by 14.75% and the profit increasing by 74.01% YoY.
📝 Sujan ContiTech eyes top position in NVH products by 2028
📝 Shanthi Gears Q4 Results: Company reports PAT at Rs 25.68 cr vs Rs 19.47 crore a year ago
📝 Rane Madras Q4 standalone net loss narrows
📝 TVS Holdings Q4 consolidated net rises 43% to ₹464 crore
Read More >>
🌇 Allied Industries
Honda opens new Solution R&D centre in Bengaluru for e-mobility technologies
New Delhi: Honda R&D (India) Private Limited (HRID), a subsidiary of Honda Motor Co., Ltd. and functioning as Honda’s research and development arm for motorcycles & power products in India, Thursday 0pened its new Solution R&D Centre in Bengaluru.
Domestic tyre volume to grow up to 6% in FY25: ICRA
New Delhi: Domestic tyre volume growth is expected to moderate to 4-6% in FY2025 from an estimated 6-8% in FY2024 on the back of elevated base and subdued growth in the commercial vehicle (CV) segment, according to ICRA.
Revolutionizing Petrochemical Production: Honeywell’s NEP Technology Boosts Efficiency and Sustainability
Honeywell’s latest breakthrough in naphtha technology promises to revolutionize the petrochemical industry, offering a transformative solution to enhance energy efficiency and sustainability. Announced on May 9, 2024, the Naphtha to Ethane and Propane (NEP) process is set to empower regions worldwide by optimizing light olefin production and reducing CO2 emissions.
Greaves Cotton announces 15% YoY revenue growth in FY24, records highest PBT of decade at Rs 366 crore
Greaves Cotton has reported standalone revenues of Rs 481 crore for the fourth quarter of fiscal year 2024, an increase of 10% YoY. The Company has reported an improvement in standalone margins with quarterly EBITDA at Rs 56 crore, a growth of 9% YoY. The Q4FY24 Consolidated revenue stood at Rs 673 crore.
📝 TVS Credit Services Q4 standalone net surges 33% to ₹148 crore
📝 Tata Steel becomes first Indian steel company to complete fully loaded voyage from Australia to India on B24 biofuel
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🌢 Fuels, Lubricants & Charging Stations
BPCL’s consolidated net profit drops 30% in Q4FY24
State-owned Bharat Petroleum on Thursday reported a 30.3% decline in its consolidated net profit for the last quarter of FY24, dropping to Rs 4,789.57 crore from Rs 6,870.47 crore in the same period the previous fiscal due to high crude oil prices impacting refining margins of the company.
HPCL Q4: Profit down 25%
Hindustan Petroleum witnessed a 25% decline in its consolidated net profit for the last quarter of FY24, dropping to Rs 2,709.31 crore from Rs 3,608.32 crore in the same period the previous fiscal.
Read More >>
💸 Finance & Insurance
📝 Tata Motors looks to spin off its NBFC arms, merge with IPO-bound Tata Capital
📝 Household savings decline due to rising home, auto, personal loans
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📖 Magazines News
TVS lines up new petrol, EV models for this year
Source Credit: Autocar India
TVS has lined up new ICE and electric two-wheelers for release this year, with EVs close to being launched, the company revealed in a recent investor call. TVS will also launch its first electric three-wheeler this year.
Maruti Suzuki Swift: new vs old
Source Credit: Autocar India
The Swift has always been a hot seller in India, favoured by enthusiasts and regular car buyers alike as it’s been an affordable, fun-to-drive hatchback that’s also frugal and easy to live with. Maruti Suzuki has just launched the new fourth-generation Swift in India, but it is essentially a heavily updated version of the third-gen platform packing in an all-new engine, evolutionary styling and an interior borrowed from existing Maruti models. Here, we are taking a close look at how the new Swift has evolved over its predecessor in terms of styling, features, powertrain options and price.
MG parent SAIC to invest up to USD 2 billion in India; to offer a range of compact cars, SUVs
Source Credit: Autocar India
SAIC Motor, China’s largest carmaker, plans to invest up to USD 2 billion (about Rs 16,694 crore) in India by this decade’s end and produce and sell over a million vehicles annually along with its joint venture partner JSW Group by then, a top executive told our sister publication Autocar Professional.
Hero Xoom 125R, Xoom 160 to be launched soon
Source Credit: Autocar India
On the back of a series of new launches like the Xtreme 125R and the Mavrick 440, Hero MotoCorp aims to improve its market share in the premium and mid-size segments. The company will be launching the hotly anticipated Xoom 125R and Xoom 160 maxi-scooter in India toward the second half of the current financial year.
Premium hatchback market to grow to 1 million units by 2030: Maruti’s Partho Banerjee
Source Credit: Autocar India
Maruti Suzuki, the country’s largest carmaker, says the premium hatchback segment will reach 1 million units in annual sales by 2030. This represents a growth of 43 percent from the current base of 7 lakh units, representing a compounded annual growth rate of 5-6 percent.
New Maruti Swift launched at Rs 6.49 lakh
Source Credit: Autocar India
Maruti Suzuki has launched the fourth-gen Swift in India priced between Rs 6.49 lakh and Rs 9.65 lakh; Rs 25,000-37,000 higher than the outgoing model. The new Swift gets an evolutionary design, more features, additional safety kit and a more frugal 1.2-litre three-cylinder petrol engine.
New Maruti Swift vs rivals: fuel efficiency compared
Source Credit: Autocar India
Maruti Suzuki has just launched the fourth generation Swift hatchback in India with prices ranging between Rs 6.49 lakh-9.50 lakh (ex-showroom). One of the most exciting things about the new Swift is its all-new powertrain – the Z Series, three-cylinder petrol engine that has a claimed fuel economy of 24.80kpl with the manual and 25.75kpl with the automatic. Here, we are taking a close look at how it compares with its rivals.
New Maruti Swift price, variants, features explained
Source Credit: Autocar India
Maruti has launched the fourth-gen Swift at Rs 6.49 lakh, and it is available in five variants – LXi, VXi, VXi (O) ZXi and ZXi+. The mid-spec VX (O) trim was not offered with the outgoing model. Besides the updated design and the new, frugal engine, the all-new Swift also gets far more features, with even entry-level variants getting six airbags and halogen projector headlights. Here are the features and safety kit on offer with each variant of the new Swift.
Here are India's 10 most fuel-efficient petrol cars, SUVs
Source Credit: Autocar India
Fuel economy and running costs have always been among the top priorities for Indian car buyers. With petrol prices averaging Rs 100 in most cities, it's not a surprise why fuel efficiency takes precedence for most. While Maruti Suzuki has always dominated on this front, the recent influx of a few strong hybrid vehicles from Toyota and Honda has given buyers a few more options.
BMW 3 Series Gran Limousine M Sport Pro Edition launched at Rs 62.60 lakh
Source Credit: Autocar India
BMW has launched the 3 Series Gran Limousine M Sport Pro Edition in India at Rs 62.60 lakh (ex-showroom). The limited-run variant sits atop the 3 Series LWB range, and is only available with a petrol engine. The M Sport Pro Edition is Rs 2 lakh costlier than the 330Li M Sport.
Ola patents new, practical electric bike designs
Source Credit: Autocar India
Nine months after Ola showcased its wild and somewhat unrealistic electric bike concepts, the startup has patented three new electric bike designs. These are much more realistic-looking designs and one of the three bikes in particular seems to focus on practicality.
Read More >>
📰 International News
Uber shares tumble as second-quarter forecast disappoints
Uber forecast second-quarter gross bookings below expectations after missing the target for the first three months on Wednesday, sending it shares down nearly 7% before the bell.
US sues Hyundai, Kia finance arm for repossessing service members' vehicles
The U.S. government on Wednesday sued Hyundai and Kia's American financing arm, accusing it of repossessing vehicles leased by military service members without first obtaining court permission as required by law.
Panasonic's battery unit misses annual profit estimate
The energy unit of Japan's Panasonic Holdings missed its operating profit guidance for the past business year due to lower electric-vehicle battery production in Japan and a fall in sales of consumer products, the company said on Thursday.
US set to impose tariffs on China EVs and other strategic sectors, Bloomberg reports
The Biden administration is set to announce new China tariffs next week that target strategic sectors including electric vehicles, batteries and solar equipment, Bloomberg News reported on Thursday.
Tesla ramps up job cuts in China as sales slowdown bites
Tesla Inc.’s job cuts are escalating in China, according to people familiar with the matter, as Elon Musk contends with growing pressure to win back share in the world’s biggest auto market.
South Korea welcomes US decision to extend use of Chinese graphite in EVs
South Korea on Wednesday welcomed a US decision to extend automakers' eligibility for electric vehicle tax credits for cars containing Chinese graphite through 2026.
Nissan annual net profit nearly doubles on-year
Nissan said Thursday it nearly doubled its full-year net profit in 2023-24 but forecast a dip of around 10%for the current financial year.
Bentley unveils Batur Convertible; Limited to 16 pieces, sold out
New Delhi: In a significant reveal, Bentley Motors has introduced the Batur Convertible, marking the third coachbuilt creation of the modern era from Mulliner, Bentley's in-house bespoke division.
BMW earnings hit by model change, lower profits on e-auto sales
German car manufacturer BMW made less profit in the first quarter despite a good run with expensive models and an increase in sales, the company reported on Wednesday.
China issues draft guidelines to rein in lithium battery industry
China has released draft guidelines aimed at reining in the country's lithium battery industry, which has been in Western crosshairs over fears subsidised overproduction could flood global markets with cut-price exports.
📝 Mercedes retreats to gas guzzlers as EVs fail to boost profit
📝 GM to end production of Chevy Malibu as it shifts to EVs
📝 Japanese auto giant Toyota posts record net profit
📝 In Tesla Autopilot probe, US prosecutors focus on securities, wire fraud
📝 Ford mulls offering petrol-powered vehicles, hybrids in Europe beyond 2030
📝 Toyota issues cautious forecast after record profit, scandal hit production cut
Read More >>
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