Tata Motors sales dip 11% in July at 71,996 units
The vehicle sales of Tata Motors for July 2024 declined to 71,996 units compared to 80,633 units sold last year. The drop covers both domestic sales, which fell 11% to 70,161 units from 78,844, and commercial vehicles, selling 27,042 units, an 18% decline from 32,944 units last year.

Tata Motors’ board approves company’s demerger plan
The Board of Directors of Tata Motors Ltd (TML) has approved a composite scheme of arrangement amongst TML, TML Commercial Vehicles Limited (TMLCV), Tata Motors Passenger Vehicles (TMPV) and their respective shareholders, taking the demerger plan of entities announced in March 2024, further, the company said in a filing to the stock exchanges.

TVS Mobility Group and Mitsubishi Corp sign MoU for employee exchange program
New Delhi: TVS Mobility, the holding company for businesses managed by the T S Rajam family members, Thursday said that it has signed a MoU with Mitsubishi Corporation (MC), a globally integrated business enterprise with a network of around 1,700 group companies, to launch TVS Mobility Mitsubishi Employee Exchange Program (TMMEEP).

Tata Motors CNG cars speed ahead, EVs shift to slow lane
New Delhi: Tata Motors, India's largest electric passenger vehicle (PV) maker, saw CNG vehicles pulling ahead of their electric peers at a faster pace as the leading alternative fuel of the company in the first quarter (April-June) of FY25.

Tata Motors reports 74% profit surge in Q1; plans major corporate restructuring
Mumbai: Tata Motors Ltd reported a 74 per cent increase in its consolidated net profit with ₹5,566 crore reported in the June quarter as opposed to ₹3,203 in the same quarter last year. The company’s profit dropped by 68 per cent compared to the March quarter with ₹17,407 crore.  The total revenue from operations posted a 5.68 per cent growth, with ₹1,08,048 crore for the June quarter compared with ₹1,02,236 crore reported during the same quarter last year. The total revenue from operations dropped by 10 per cent, with ₹1,19,986 crore reported during the March quarter.

Maruti, Hyundai July sales skid on weak demand
Leading carmakers Maruti Suzuki and Hyundai on Thursday reported a dip in wholesales in July as companies reduced vehicle dispatches to dealers amid moderation in demand.

Divergence and aspiration encore emerging auto consumer trends
Is an era of utilitarian mobility upon us?

Passenger vehicle sales drop for first time in 2.5 years
Speed bump: Domestic passenger vehicle sales slip amid inventory pile-up

Discounts by OEMs, EMPS deadline rev up electric vehicle sales in July

This represents a 27.9 per cent increase from June, which saw 139,905 units sold, according to the Vahan data from the Ministry of Road Transport and Highways.

Strong product portfolio likely to keep Maruti Suzuki in growth lane

Beating Street estimates, MSIL, India's largest car manufacturer, reported a 46.9 per cent year-on-year (Y-o-Y) increase in its consolidated net profit at Rs 3,649.90 crore for Q1FY25, primarily on the back of strategic cost reductions, favourable commodity prices, and advantageous foreign exchange conditions.

Govt capex, rural demand may spur M&M's ride: MD & CEO Anish Shah

“We are seeing early signs of recovery in the rural markets. We are seeing government spending and margins getting better. Our estimate for the full financial year for tractor sales is a 5 per cent increase for the entire financial year (2024-25/FY25) versus last year. With the monsoon reasonably good overall, we are on track to achieve 5 per cent growth,” Shah said in an interview.

Maruti, Hyundai, Tata domestic sales decline in July on yearly basis
The domestic passenger vehicle (PV) wholesale (dispatches to dealers) in July saw major companies including Maruti Suzuki India (MSIL), Hyundai Motor India (HMIL) and Tata Motors reporting negative sales as compared to the same month last year. Market leader MSIL’s domestic sales declined by around 10 per cent year-on-year to 1,37,463 units in July as compared with 1,52,126 units in July 2023.

Motown's slow ride: Car sales in Gujarat hit speed bump in H1 of 2024
Gujarat has reported stagnant retail car sales in H12024, which was in stark contrast to the 8 per cent year-on-year (Y-o-Y) growth the state witnessed in H12023.

Nissan launches new X-Trail in India at INR 49.92 lakh
Nissan Motor India announced the pricing of the All-New 4th Generation X-Trail, made in Japan, at INR 49.92 lakh (ex-showroom, Delhi).

Toyota Kirloskar domestic sales peak in July; Tata Motors, JSW MG report a decline
New Delhi: Toyota Kirloskar Motor (TKM) on Thursday said it has outperformed its sales achievement by registering its best-ever monthly wholesale (dispatches to dealers) of 31,656 units in July, a 44 per cent jump year-on-year (YoY) as compared with 21,911 units in the same month last year. The domestic wholesale stood at 29,533 units during the month, a growth of 42 per cent YoY as compared with 20,759 units in July last year.

Mahindra Auto domestic SUV sales up 15% to 41,623 units in July 2024
New Delhi: Mahindra & Mahindra Ltd. (M&M Ltd.), one of India’s leading automotive companies, Thursday announced that its overall auto sales for July 2024 stood at 66,444 vehicles, including exports.

Kia India July 2024 sales up 2.5% Y-o-Y to 20,507 units
New Delhi: Kia India July domestic dispatches in July 2024 increased 2.5% Y-O-Y to 20,507 units compared to the 20,002 units sold in July 2023.

Maruti Suzuki India Q1 Results Live : profit rise by 48.89% YOY
Maruti Suzuki India Q1 Results Live : Maruti Suzuki India declared their Q1 results on 31 Jul, 2024. The topline increased by 10.64% & the profit increased by 48.89% YoY.

Kia India appoints Joonsu Cho replaces MyungSik Sohn as CSO
Kia India has appointed Joonsu Cho as the Chief Sales Officer, promoting him from his previous role as Regional Manager for the Eastern Region. Cho, with 32 years of experience in the automotive industry, will now be responsible for driving sales initiatives, enhancing operational efficiencies, and steering the company's long-term growth plans.

JSW MG Motor India names new crossover utility vehicle as `MG Windsor’
JSW MG Motor India has unveiled the name of its upcoming model, India's first Crossover Utility Vehicle (CUV), as “Windsor.” Scheduled to be launched soon, MG Windsor draws inspiration from the royal heritage of Windsor Castle, aiming to combine meticulous craftsmanship with modern technological advancements.

Hyundai's sales dip 3% in July to 64,513 units
Hyundai Motor India reported a 3% drop in wholesales year-on-year for July, with total units sold decreasing to 64,563 from 66,701 in July 2022. Domestic dispatches to dealers also saw a 3% decline, falling to 49,013 units from last year's 50,701 units.

Toyota Kirloskar Motor sells 31,656 units in July 2024
Toyota Motor records 44% increase in sales for July 2024
The Hindu Business Line

Mahindra XUV.e9 interiors revealed
Since Mahindra unveiled its all-electric vehicle strategy in 2022, the company has actively been testing its Born Electric range. The forthcoming XUV.e9 was spotted during tests, revealing its cabin and boot space. Here’s what you can anticipate from the new XUV.e9.

Tata Curvv ICE launch expected in mid-Sept: Here’s what we know
Tata Motors is gearing up to launch the Curvv next week on August 7. To be available in both fully-electric and internal combustion engine (ICE) derivatives, the homegrown carmaker will most likely launch only the former in August while the fossil-fueled version of the coupe SUV will be launched sometime later. 

Features comparison: Why Tata Curvv has an edge over Hyundai Creta
Tata Motors is all set to enter the packed mid-size SUV segment with the Curvv. The coupe SUV will be available in three powertrains — electric, petrol and diesel. The Indian automobile manufacturer will have its hands full as it will take on the segment leader, the Hyundai Creta. Interestingly, Tata Motors will first launch the Curvv EV on August 7 and later the ICE version. We do a features comparison between the upcoming Curvv and the Creta and how Tata Motors has an edge over its competition. 

The art and science of automotive design: Unveiling the intricate balance between exterior and interior mastery
New Delhi: Automotive design is a complicated yet intriguing discipline from a product design point of view where creativity meets engineering. It is a consolidation of various components like interior design, exterior design, materials, technology and safety. Unlike static objects like products or furniture, automobiles embody complex dimensions. From the exterior beauty to the comfort of interiors, to cutting-edge technology to adherence to all safety guidelines, automotive design is an amalgamation of various considerations.

M&M targets product, revenue leadership in all areas: Shah

Mumbai:  In the highly competitive auto-mobile sector, Mahindra & Mahindra's focus will be on achieving leadership in revenue market share and product quality, rather than being a price warrior. "Be it SUVs, electric vehicles, or two-wheelers, this is our guiding principle, "Anish Shah, Group CEO and managing director, Mahindra Group, told FE in an interview on Thursday.

Mahindra’s Farm Equipment Sector sells 25,587 units in July 2024
New Delhi: Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), part of the Mahindra Group, Thursday said its domestic sales in July 2024 were at 25,587 units, as against 24168 units during July 2023.

India’s construction equipment industry to reach $25 b by 2030
New Delhi: India’s construction equipment industry is expected to grow at a CAGR of 12 per cent to reach $25 billion by the end of this decade, aided by the government’s focus on expanding the infrastructure sector, a report by Indian Construction Equipment Manufacturers Association (ICEMA) reveals.

2024 Yezdi Adventure launched in India with new colours: Check price, features and more
Yezdi Adventure, a motorcycle from Classic Legends, has recently undergone a series of updates to enhance its competitiveness in the market. The updated model, which features both aesthetic and mechanical improvements, is now available at a price range of ₹2.10 lakh to ₹2.20 lakh (ex-showroom), depending on the colour options.

Triumph Speed 400, Scrambler 400 anniversary offer extended till 31 Aug
Triumph completed one year of its partnership with Bajaj Auto in India last month. In July last year, Triumph launched its first locally developed and manufactured motorcycle in India with the Speed 400. This was followed by the Scrambler 400 which was launched in September. Both bikes have found reasonable success in the Indian market as well as international markets.

Royal Enfield introduces Borderless Warranty Program
Royal Enfield, is the first Indian automotive brand to have introduced a global warranty initiative consumer program called the Borderless Warranty Program. This program is applicable for all the motorcycles currently under warranty and all the newly purchased motorcycles from authorised stores across the globe. 

Royal Enfield files trademark for Bullet 650 Twin: What’s on store?
Royal Enfield has its plate full with multiple new launches on cards in the 350cc, 450cc, as well as the 650cc categories. The 650cc segment is presently populated by Interceptor, Continental GT, Super Meteor and Shotgun. While we already know that Enfield is developing a twin-cylinder Classic, it is now confirmed that a 650cc Bullet is also on cards.

Honda Motorcycle & Scooter India domestic sales up 41% to 4,39,118 units in July 2024
New Delhi: Honda Motorcycle & Scooter India (HMSI) Thursday said for July 2024, the company’s dispatches stood at 4,83,100 units, registering 43% YoY growth. This includes domestic sales of 4,39,118 units and exports of 43,982 units.

Hero MotoCorp commences operations in Philippines
Hero MotoCorp commences operations in the Philippines
The Hindu Business Line

A light roadster that’s the life of the party: Royal Enfield Guerrilla 450
 

India's Ola Electric IPO attracts USD 2 bn of bids from big institutions
Ola Electric's IPO drew bids worth over USD 2 billion from institutions ahead of its opening for retail investors, with shares allocated to Nomura, Norges Bank and some Indian mutual funds, a source with direct knowledge said.

Ola Electric IPO day 1: GMP, price, date, subscription, other details. Apply or not?
Ola Electric IPO: The initial public offering of Ola Electric Mobility Limited has hit the Indian primary market today. As per the Ola Electric IPO subscription date, the public issue will remain available for bidding until 6th August 2024. The electric vehicle company has fixed the Ola Electric IPO price band at ₹72 to ₹76 per equity share. Ola Electric IPO is proposed for listing on BSE and NSE and the mainboard IPO aims to raise ₹6,145.56 crore from this initial offer. Out of ₹6,145056 crore, the company aims to raise ₹5,500 crore by issuing fresh shares, while the rest, ₹645.56 crore, is reserved for the Offer for Sale (OFS) route.

Lectrix EV and Electric One join hands to expand market reach and reliability in Indian EV market
New Delhi: Lectrix EV, the electric mobility arm of SAR Group and a key player in sustainable mobility solutions, is collaborating with Electric One Energy Pvt. Ltd., a leading EV superstore chain.

Ola Electric: It’ll have to go strictly by a road-map
India’s transition to clean energy has been short of climate-action heroes, so it’s natural for investor interest to chase Bhavish Aggarwal-led Ola Electric, which leads the local market for electric scooters, selling four out of every ten rolling onto Indian streets. This startup had a dream ascent to unicorn status, as it zipped past older rivals, fuelled by a perfect storm of factors: an acceleration in demand for electric vehicles (EVs), a receptive audience for an aggressive sales pitch and government support by way of a price subsidy. For B-schools, Ola serves as a splendid case study of brand extension: from taxi services to EVs. And Ola Electric is now set to go public with an equity offer that places its value at around ₹33,500 crore. Large as this may seem, it’s only 40% of what the company was earlier looking at, reportedly, and also a steep drop from its last funding round, which valued it at $5.4 billion. Naturally, too, Ola’s ramp-up to this stage invites closer scrutiny.

Godawari Electric Motors launches new e-scooter Eblu Feo X priced at INR 1 Lakh
Godawari Electric Motors has launched the Eblu Feo X, a new variant of its family e-scooter, priced at INR 99,999 ex-showroom. The announcement was made on Thursday, marking the company's second product in the electric two-wheeler segment in India. The Eblu Feo X was unveiled at the Bharat Global Mobility Expo 2024, and offers 28 liters of storage space along with a 2.36 kW battery that delivers a 110 km range.

The electric 2-wheeler thermal run away!
Consolidation stage 1.

Bajaj Chetak Electric registers 20,000 bookings in July
Bajaj Chetak Electric has received over 20,000 bookings in July. According to the two-wheeler company, the high demand is due to the recently launched and more affordable Chetak 2901 and the dealership network expansion in Tier II cities. Currently, Chetak Electric is now available at 2000 outlets across the country. 

Will lower-value Ola IPO be a hit?
 

Electric three-wheelers outpace electric two-wheelers in July sales
Sale of electric three-wheelers picked up briskly in July, alongside continued growth in sale of electric two-wheelers despite a recent subsidy cut. Electric vehicle (EV) registrations across segments in July grew 17 per cent to 1.28 lakh units from 1.09 lakh units in June, according to Vahan data.

Elgi Equipments Q1 Results Live : profit rise by 20.44% YOY
Elgi Equipments Q1 Results Live : Elgi Equipments declared their Q1 results on 31 Jul, 2024. The topline increased by 10.66% & the profit increased by 20.44% YoY. However, compared to the previous quarter, the revenue declined by 7.49% and the profit decreased by 4.45%.

BorgWarner supplies Buick wet clutch and hybrid transmission
BorgWarner provides its wet clutch and hydraulic control module for the 2-speed hybrid transmission of Buick’s brand new GL8 PHEV van of which the production began in June 2024.

Bridgestone India introduces complimentary tyre maintenance service for Turanza 6i customers
Pune: Bridgestone India has launched a first-of-its-kind complimentary tyre refilling and maintenance service for its Turanza 6i tyres. This innovative service, already available in Japan, has been started in Pune. 

Natural rubber consumers seek duty-free imports amid raw material shortage
Kochi: The paucity of natural rubber in the domestic market seems to have prompted its consumers to reiterate their demand for duty free imports of the commodity. In a communication to the Rubber Board, NR consumers pointed out that the actual availability of NR was just about 30,000 tonnes against the projected production of 60,000 tonnes in June. In July, there was practically no selling of NR for most of the month. This has impacted rubber consumers across the board from small and medium rubber industries to tyre companies.

Ather Energy partners with Amara Raja to make E2W battery cells
Ather Energy has signed a Memorandum of Understanding (MoU) with Amara Raja Advanced Cell Technologies to manufacture battery cells for its electric two-wheelers.

Servotech Power Systems Q1 Results Live : profit rise by 9.04% YOY
 

Spacenet Enterprises and Russia’s Modern Fuel Technologies to form JV for LNG project

‘Significant step’

Ayushman Bharat: Now cashless treatment up to Rs 1.5 lakh for road accident victims – Check details
Under Ayushman Bharat Pradhan Mantri-Jan Arogya Yojana (AB PM-JAY), now road accident victims will get a free treatment worth Rs 1.5 lakh.

MG Windsor EV: Your questions answered
MG Motor India is gearing up to introduce an all-new EV to the Indian market, that will be called the Windsor EV upon launch. It’s a crossover-style MPV sold as the Wuling Cloud EV in Indonesia by the parent group SAIC. This will be MG’s third EV in India, following the Comet and ZS EV, and the first from its new partnership with JSW. As we await its debut in the coming weeks, here are answers to some of the most popular queries about the upcoming electric MG.

Hero MotoCorp expands operations to Phillipines
Hero MotoCorp has officially launched its operations in the Philippines, making it the 48th country where Hero two-wheelers are sold.

Toyota Innova Hycross ZX, ZX (O) hybrid bookings reopened again
Source Credit: Autocar India

Toyota has reopened bookings for the top-spec ZX and ZX(O) trims of the Innova Hycross hybrid, which were halted this May. The company had cited overwhelming demand as the reason for halting bookings, but the top-spec hybrid variants are now available to order again, although the waiting period continues to be high.

New FASTag rules mandate replacing tags older than five years
Source Credit: Autocar India

The National Payments Corporation of India (NPCI) has announced new regulations for the electronic tolling system known as FASTag, effective from today, August 1. These rules primarily impact vehicle owners with FASTags issued over three years ago. However, even those with recently issued FASTags must ensure their tags contain accurate information. Providers will also need to ensure that the data they collect is more comprehensive. Read on to learn about all the changes.

Branded content: Tech Marvel
Source Credit: Autocar India

Technology is undoubtedly the overarching theme of the 2020s. We carry it in our pockets, wear it on our wrists and in our ears, and place it on our desks. And if you’ve got a Mahindra XUV700, then you even drive around cocooned in technology. You sense this right from your very first interaction with the car, as the smart door handles fold out to welcome you, and this sets the tone for the entire XUV experience. The welcome dance continues with the powered and ventilated driver’s seat sliding back to ease your entry, before swiftly sliding back to exactly where you need it, thanks to the memory function.

Royal Enfield launches global warranty program
Source Credit: Autocar India

Royal Enfield has introduced a new ‘Borderless Warranty Program,’ which covers all its motorcycles currently under warranty. This program spans 2,605 cities in over 70 countries, including India.

Electric two-wheeler sales in July cross 100,000 units after four months
Source Credit: Autocar India

Retail sales of electric two-wheelers saw a smart month-on-month rise in July 2024 to 106,949 units, up 34% on June’s 79,868 units, and 96% year on year (July 2023: 54,616 units). This strong growth was expected as the now-extended Electric Mobility Promotion Scheme 2024 (EMPS) was to have ended on July 31, with e-scooter and bike buyers advancing their purchase decisions ahead of that date. However, on July 26, the government extended the EMPS subsidy scheme by another two months till the end of September.

Royal Enfield Himalayan 650 spotted for the first time
Source Credit: Autocar India

Of all the upcoming Royal Enfield models, the Himalayan 650 stands out. A sensibly priced adventure tourer with a twin-cylinder engine has long been asked for by enthusiasts, and it looks like their prayers will soon be heard. We have laid eyes on the first images of the Himalayan 650 and there’s a lot to unpack here. 

Nissan X-Trail vs rivals: specifications compared
Source Credit: Autocar India

Nissan recently revealed the X-Trail in India ahead of its imminent launch in the country. The three-row SUV will be Nissan’s flagship offering here, and will go up against three-row SUVs such as the Toyota Fortuner, MG Gloster, Skoda Kodiaq and the Jeep Meridian. Here’s a detailed spec comparison of the X-Trail with its potential competitors in India.

Nissan X Trail launched at Rs 49.92 lakh
Source Credit: Autocar India

Nissan has launched the X-Trail SUV in India at Rs 49.92 lakh, ex-showroom, Delhi. The three-row SUV is being brought here as a full import. Nissan offers a 3-year/ 1 lakh km warranty as standard with the X-Trail, along with three years of free roadside assistance.

Nissan X-Trail vs Skoda Kodiaq: fuel efficiency compared
Source Credit: Autocar India

Nissan has launched the X-Trail in India at Rs 49.92 lakh, making it the company’s flagship offering here. While the three-row premium SUV segment now has six offerings, the Skoda Kodiaq is the only other SUV apart from the X-Trail to offer a monocoque chassis and a petrol engine combo. Here, we take a look at how the two SUVs compare in terms of fuel efficiency.

MG Cloud EV to be christened Windsor in India
Source Credit: Autocar India

MG Motor India is all set to launch a new EV in India based on the Wuling Cloud EV that's sold overseas by parent group SAIC. We can now confirm that the CUV will be christened the ‘Windsor EV’ here.

Royal Enfield Bullet 650 Twin name trademarked
Source Credit: Autocar India

Yesterday we brought you the first spy images of the upcoming Royal Enfield Himalayan 650 and now we have more news about another model based on the same platform. Royal Enfield has trademarked the Bullet 650 Twin name and this is likely what the model will be called upon its launch. 

Toyota's profit increases 17% to $8.70 bn in Q1 but shares tumble
Toyota Motor posted a 17 per cent increase in first-quarter profit on Thursday, as cost-cutting and a weaker yen helped offset lower sales and a decline in production at home.

Volkswagen doubles down on cost cuts to try to revive profit margins
Volkswagen will need to make "significant cost-cutting efforts" in the second half of the year and beyond if it is to revive profit margins, the automaker said on Thursday, after reporting first-half margins it described as "too low".