Tata Motors clocks 45% jump in net profit, management says India business now debt free
Tata Motors has reported 45% YoY jump in its its Q4FY24 net profit at Rs 17,529 crore compared to Rs 12,033 Cr profit in Q4FY23 on strong JLR orderbook and domestic demand. The Q4 revenue came in at Rs 119,986 crore, up 13.3 % YoY. Tata Motors as a group delivered its highest ever revenue and profit. The India business is net debt free and net automotive debt reduced further to Rs 16,000 crore.

L&T eyes acquisitions for semiconductor business
Mumbai: In a bid to grow the recently-launched semiconductor business, Larsen & Toubro (L&T) will look for acquisitions companies with existing client base in chip designing.

Powering ahead: The role of renewable energy in electric vehicle charging infrastructure: Amit Raj Singh, Founder & MD, Gemopai

Govt keeping top EV makers accused of FAME subsidy misappropriation out of the new scheme

Honda opens R&D centre to expedite electrification in India

Tata Motors Q4 Results Preview: PAT likely to jump 33% YoY to Rs 7,640 crore on higher volume

TVS Motor shares up over 3% after 15% increase in net

India considers incentives for lithium processing

Election uncertainty could hurt Indian auto sales in May, dealers' body says
Uncertainty around the ongoing elections in India could hurt automakers' sales in May despite rising consumer interest for new model launches, a dealers' body said on Wednesday.

To achieve net zero, ICCT bets on EVs, finds CNG 'worse' than diesel
New Delhi: With a collective aim of going emission free, the passenger vehicle (PV) industry in India is considering multiple fuel technologies including electric vehicles (EVs), hybrids, compressed natural gas (CNG), flex-fuels, amongst others. However, while these may be moving in the right direction, each of them may not be necessarily feasible in the long run, says research agency International Council on Clean Transportation (ICCT).

APAC auto safety systems market to expand at 2.6% CAGR over 2023-28: GlobalData
New Delhi: The increased prevalence of automotive active and passive safety systems can be attributed to an array of factors, including a heightened awareness of safety concerns among consumers and government regulations aimed at improving safety standards.

ETAuto Tech Summit’24: Know the top 5 CTOs who are set to attend the annual meet-up
New Delhi: The countdown has begun to the annual meet-up of all the auto technology experts and enthusiasts, bringing a platform for transformative changes in innovation and technology front. The 5th edition of ETAuto Tech Summit has brought an opportunity to gather together and bring disruption in the automotive technology segment. For this ETAuto has invited leading CTOs (Chief Technology Officers) to come and address the technology advancements.

Ex-Tesla member partners with Indian EV maker to produce 98.5% efficient e-motors
New Delhi: DG Innovate, a UK-based company led by ex-Tesla member, has partnered with EVage Motors to bring 98.5% efficient e-motor in India. These motors initially are going to manufactured in Punjab. DG Innovate’s proprietary Pareta electric drive system is going to be manufactured in India by EVage.

Chinese carmakers back on Indian auto industry radar
New Delhi: Chinese carmakers are now creating a new passage to India after being given the cold shoulder for over a couple of years now.

Auto retail sector grows 27% YoY in April 2024: FADA
Auto retail sales up 27% in April, passenger vehicles make record

Relief unlikely for OEMs seeking FAME benefits with pre-deadline stocks

Despite appeals from industry stakeholders, the ministry of heavy industries (MHI) will not change its stance, said sources.

India's April auto sales rise 27% even as election uncertainty affects consumer sentiment: FADA

Vehicle retail sales soar 27% in April; two-wheeler registrations jump 33%, cars up 16%

Hydrogen fuel of future, vehicles will run on 100% ethanol in coming years: Nitin Gadkari

DG Innovate joins hands with EVage Motors, forays into domestic EV space

Hyundai aims to make hybrid cars at its US EV plant, no new investment planned

JSW woos a Chinese tech partner for its lithium-ion cell project
The Sajjan Jindal-led JSW Group is finalizing a major technology transfer partnership with a Chinese lithium-ion cell manufacturer, two people familiar with the plans told Mint.

Quest Global acquires People Tech Group to expand digital, product engineering capabilities
New Delhi: Quest Global, a leading global product engineering services company, has acquired a majority stake in People Tech Group, a leader in next-generation digital transformation and digital innovation for Fortune 500 clients.

Nephew, niece have no claim over asset division: Baba Kalyani
Mumbai: Babasaheb Kalyani, Managing Director of Bharat Forge, has stated that his nephew Sameer Jai Hiremath and niece Pallavi Swadi have no right to seek partition of the Kalyani Hindu undivided family’s (HUL) assets as they are not part of it under current law. In a response petition before the Pune Civil Court, Kalyani said Hiremath and Swadi cannot claim to be coparceners in the Kalyani joint family as they belong to Hiremath family by birth. The children of Kalyani’s sister Sugandha and Jai Hiremath have opened a new chapter in the ongoing feud between Kalyani and Sugandha.  

Kerala introduces stricter driving test regulations – Will it be the new norm pan India?
Kerala recently introduced new regulations for driving tests conducted for applying and renewal of driving licence. From the outset, the new regulations appear much stricter than the traditional regulations as they involve overhauling several real-life driving challenges to secure a driving licence.

Auto industry identifies 28 components to reduce imports
India’s automobile sector has identified 28 key components for indigenisation as part of the ‘localisation roadmap’ to accelerate the ‘Make in India’ initiative.

Tata Electronics begins export of semiconductor chip samples from Bengaluru centre

FMCG, auto companies break the jinx as rural growth rises above urban

18% GST on compensation paid on sale of test drive cars

Used car market in India revving up. What's fuelling this growth?