Tata Motors expects EV sales to rev up again in H2
Tata Motors bets on EVs, diesel as future growth drivers
The Financial Express

Demand for new vehicles up, as used car market see drop in prices: Report
Source Credit: Shine Jacob, Business Standard

Chennai: While new passenger vehicle sales witnessed a 9 per cent rise in July sales compared to last year, the used car market seems to be seeing a dip in demand as prices saw a decline ranging from 6 per cent to 10 per cent in eight of the ten top-selling models, data shared by Shriram Mobility Bulletin for July.
 

Siam to address soaring inventory concerns in executive committee meeting

It comes after the Federation of Automobile Dealers Association (Fada), an association representing dealers, shot off a letter to the Society of Indian Automobile Manufacturers (Siam) raising concern over inventory pileup with dealers, which at historic high post pandemic.

Moody's upgrades Tata Motors' rating to Ba1 from Ba3; outlook remains positive
"The two-notch rating upgrade with a positive outlook follows the company's sustained track record in achieving revenue growth, improving profitability, and reducing debt using its large free cash flow despite its elevated capital expenditure to refresh its products," said Kaustubh Chaubal, Senior Vice President of Moody's Ratings.

Exports of 2-wheelers, trucks, buses to take a big hit
Indian exports of two-wheelers, trucks, and buses to Bangladesh are likely to be severely hit this month with the South Asian nation grappling with a deadly civil unrest.

Volkswagen Taigun and Virtus Onam Edition launched: What’s new?
Volkswagen has launched the new Taigun and Virtus Onam Edition in Kerala, a special edition variant celebrating the festival, available for a limited time. In addition to the new trims for the mid-size SUV and sedan, Volkswagen has also opened six new customer touchpoints across the state, including in Kochi, Calicut, and Trivandrum.

Tata Nexon SUV to get Curvv's new 1.5-litre Kryojet diesel engine soon
Tata Motors launched the much-awaited electric coupe SUV Curvv EV in India on Wednesday. Besides that, the homegrown automaker also revealed the powertrain and other details of the ICE variant of the coupe SUV. Slated to launch on September 2 this year, the Tata Curvv ICE will be available in both petrol and diesel engine opinions. While there will be a 1.2-litre Revotron petrol engine and an all-new 1.2-litre Hyperion GDI petrol motor on offer, the Curvv ICE will also be available with a new 1.5-litre Kryojet diesel powermill. The carmaker also hinted that the 1.5-litre Kryojet diesel engine would be introduced to the Tata Nexon soon.

Tata Curvv ICE unveiled: All you need to know
During the Tata Curvv EV launch, Tata Motors announced that the internal combustion engine (ICE) version’s pricing will be revealed on September 2. The electric version starts at Rs 17.49 lakh, with bookings commencing on August 12. Here’s what you should know about the Curvv’s petrol and diesel options. The Curvv will complete against the Hyundai Creta, Kia Seltos, Maruti Suzuki Grand Vitara, Skoda Kushaq, Volkswagen Taigun, Toyota Hyryder, Honda Elevate and MG Astor.

Top 5 SUVs in July: Hyundai Creta dethrones Tata Punch
Although July saw sluggish sales figures, Hyundai delivered a knockout punch to Tata Motors as the Creta emerged as the best-selling vehicle and SUV in India. Hyundai’s successful dispatch of 17,350 Creta units in July, surpassing the 1 lakh milestone, paved the way for the midsize SUV to claim the top position. Below is a list of the five best-selling SUVs in July 2024.

Tata Curvv unveiled, gets two petrol and one diesel motor. Price reveal on..
Source Credit: Hindustan Times

The production-spec Tata Curvv in the ICE version gets a grille and different alloy wheels when compared to the electric version

Maruti Suzuki Brezza: What makes it a popular choice
Source Credit: Hindustan Times

Maruti Suzuki Brezza is one of the most popular and bestselling compact SUVs in India despite steep competition from rivals like Tata Nexon, Nissan Magnite, Hyundai Venue, Renault Kiger etc.

With new launch, Tata Motors takes on ICE vehicles in mid-size SUV segment

The car will come in two battery sizes 45 kwh and 55 kwh and offer a range of 502 km to 585 km.Tata Motors claims that the battery can get up to 150 km worth of charge in just 15 minutes, and 10-80 per cent charge in 40 minutes.

Tata Motors says with Curvv.ev it’s bringing price parity between EV and comparable ICE models
Tata Motors on Wednesday launched Curvy.ev-- its fifth EV offering since it entered the market of battery-operated vehicles (BoVs) in 2020.

Tata Curvv.ev SUV launched: Price, launch date, features
Tata Curvv EV launched at Rs 17.49 lakh
The Financial Express

Tata Curvv EV vs Mahindra XUV400 vs MG ZS EV vs BYD Atto 3: Price Comparison
Source Credit: Hindustan Times

The Tata Curvv EV is the first coupe electric SUV to go on sale but is taking on a host of rivals in the ₹15-25 lakh e-SUV segment

Jeep Compass EV to break cover in 2024, launch next year. Will it come to India?
Source Credit: Hindustan Times

The managing director of the rugged SUV brand has reportedly hinted that the new electric Compass is going to be unveiled later this year | File photo: Jeep Compass 2024 (Jeep)

Mercedes-AMG GLC 43 Coupe & CLE Cabriolet to be launched in India
Both the Mercedes GLC AMG 43 Coupe and CLE Cabriolet are a part of the C-Class family and will be priced at over ₹1 crore (ex-showroom)

Truck freight rates recover on most of the trunk routes in July
Chennai: Truck freight rates on trunk routes saw a slight increase in July after two months of decline, driven by improved cargo availability. Manufacturers have ramped up supplies in anticipation of higher demand for the upcoming festive season. Consequently, there was a notable rise in the movement of goods from manufacturing facilities to commercial hubs. On the Delhi-Kolkata-Delhi round trip, truck rental for an 18-tonne payload truck increased by 1.4 per cent to ₹147,000 on July 24, 2024, from ₹1,45,000 on June 24, 2024.

Ashok Leyland LCV opens a new dealership in Tinsukia, Assam
Ashok Leyland, part of the Hinduja Group and a leading Indian commercial vehicle manufacturer, has opened its fourth Light Commercial Vehicle (LCV) dealership in Assam, located in Tinsukia. The new dealership, operated by Bharat Motors, offers Sales, Service, and Spares (3S) facilities, and aims to enhance customer experience with advanced tools and infrastructure.

Connecting the Dots, and Empowering Innovation: The Future of Automotive Manufacturing with Industry 4.0
The automotive industry is undergoing a significant transformation driven by Industry 4.0, characterized by the digitalization of the entire value chain. Advanced technologies like AI, ML, automation, and IoT are reshaping how vehicles are designed, manufactured, and serviced, making processes more efficient, responsive, and sustainable.

Tata Motors bets on EVs, diesel as future growth drivers: Shailesh Chandra, MD, Tata Motors PV and Tata Passenger Electric Mobility
Tata Motors has unveiled its latest offering in the fast growing mid-SUV segment, the Tata Curvv SUV Coupe. Speaking on the sidelines of the launch, Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility said he is confident of achieving the 30% EV penetration target by 2030.

‘Disbursement growth will top 15% in FY25’: Umesh G Revankar, executive vice chairman, Shriram Finance
Shriram Finance anticipates the growth to be slower in the second quarter of the current fiscal because of rain-related disruptions, Umesh G Revankar, executive vice chairman, says. He discusses with Narayanan V the company’s performance, disbursement focus, credit availability, and the Shriram Group’s entry into the ARC business. Excerpts:

We want to democratise the mid-size SUV segment: Shailesh Chandra
Mumbai: Foraying into the growing mid-size SUV segment with Curvv, Tata Motors is anticipating to increase its market share. Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility, spoke to businessline on the company’s plan with Curvv and tapping into global markets.

Growing reach of the digital twin

Digital twin offers a vast potential for automotive companies at different stages of the vehicle's lifecycle, from design and development to manufacturing and sales. Vehicle design and prototyping have been lengthy processes, requiring extensive physical testing and validation. 

India evolving as a major manufacturing base for Kobelco Construction: CEO
The eight-tonne category mid-segment excavator, was unveiled by company Managing Director and CEO Takemichi Hirakawa and senior officials at an event here on Wednesday.

Kobelco India expects double-digit growth in sales in FY25
 

TVS Motor Co Q1 Results Live : profit rise by 6.12% YOY
TVS Motor Co Q1 Results Live : TVS Motor Co declared their Q1 results on 06 Aug, 2024. The topline increased by 14.92% & the profit increased by 6.12% YoY. Compared to the previous quarter, the revenue grew by 3.63% and the profit increased by 19.1%.

2024 Royal Enfield Classic 350: Three things to know
Royal Enfield’s most successful motorcycle, the Classic 350, is poised for an upgrade. The 2024 model of the Classic 350 is scheduled to be unveiled on August 12. Currently, the Classic 350 ranges in price from Rs 1.93 lakh to Rs 2.25 lakh, ex-showroom. It offers both single and dual-channel ABS across five variants: Redditch, Halcyon, Signals, Dark, and Chrome. The bike will retain the 350 cc J Series engine, delivering 20.2 bhp and 27 Nm of torque, coupled with a 5-speed gearbox. The 349-cc engine is rated at 32 kmpl by ARAI.

Hero MotoCorp opens new 'Premia' store in New Delhi
Hero MotoCorp Wednesday inaugurated its first 'Premia' store in New Delhi as part of its holistic premiumization strategy.

Hero beats Honda in two-wheeler retail sales in July 2024

When it comes to two-wheeler sales, Hero is the manufacturer to look out for, as the company seems to be unshakable from the top. Month-on-month, Hero leads retail sales in India and July 2024 was no different, as Hero MotoCorp retains its market share of 27.6 percent, although it did see a decline compared to July 2023.

Valuations factor in strong earnings growth, better margins for TVS Motor
TVS Motor met expectations in terms of revenue and posted a strong margin performance in Q1FY25.  The key drivers were material cost savings and a better mix. The domestic demand outlook looks good with a rural rebound but geopolitical uncertainties in key export markets may dent overall growth. Bangladesh, for example, is in turmoil.  
 

TVS Motor stock soars post Q1 numbers
TVS Motor Company shares were trading at ₹2568.05, up by 73.10 points (2.93 per cent) on BSE and at ₹2565.30, up by 86.50 points (3.49 per cent) on NSE at around 11:50 am. TVS Motor Company reported a 23.4 per cent year-on-year increase in standalone net profit to ₹5,773 million for Q1 FY25, with revenue growing 16% to ₹83,756 million. The company’s EBITDA margin expanded to 11.5 per cent, with EBITDA rising 25.7 per cent to ₹9,602 million. Domestic two-wheeler sales volume grew 15 per cent, with scooter sales up 21 per cent and motorcycle sales increasing 8per cent.

Revfin partners with Bajaj Auto to promote electric three-wheeler mobility
Revfin has announced a strategic partnership with Bajaj Auto to mark a step towards advancing the electric three-wheeler (e3W) segment, its adoption, and creating a robust ecosystem, thereby contributing to a greener future for first and last-mile mobility. 

Ola teases electric motorcycle ahead of August 15 launch — Is it the roadster?
Ola Electric announced its ambitious plans to launch electric motorcycles last year and showcased 4 concepts. This year, the plans have picked up pace, and Ola could launch the motorcycle on August 15, having planned a big event. That said, Ola has teased the motorcycle ahead of its official unveil in a few days.

How 2W market incumbents Bajaj and TVS are flexing their electric muscle
It has been a rollercoaster ride for Sharma of late. Registrations of Chetak, once the dominant scooter brand that has been brought back in an electric avatar, surged to their highest in July, rising 96 per cent from the previous month.

Ola Electric IPO subscribed 4.26 times on final day of bidding
 

Epsilon Advanced Materials seeks US trade pact for EV battery compliance
The IRA offers various incentives to accelerate EV adoption in the automotive industry. If signed, the agreement could position India as a key hub for global battery material exports.

Bosch Q1 FY25 PAT up 14%, revenue grows 3.8%
Bosch posted its total revenue from operations of Rs 4,317 crore in Quarter 1 of FY25, an increase of 3.8 percent over the same quarter of last year. This growth is driven by higher demand in the overall automotive market, mainly in the passenger cars segment.

Bosch India to focus on ramping up more localization
Bengaluru: Bosch Ltd, the Indian unit of the German engineering and technology company, aims to increase localisation by an additional 2 to 3 percent by next year. While the company currently relies on and is experiencing growth in the goods it manufactures and trades, it plans to boost the use of localized materials in its offerings. To achieve this, Bosch intends to localize finished goods developed outside its network and focus on enhancing its supply chain to incorporate more local products from suppliers.

Cummins India Q1 profit jumps 33%, MD Ashwath Ram says geo-political events key risk in near-term
Auto component and powergen major, Cummins India announced stable Q1 numbers. The profit for Q1FY25 is up 33% YoY but dropped sequentially, down 25% to Rs 420 crore. The total sales for Q1FY25 came in at Rs 2,262 crore, up 4% compared to the same quarter last year. Q1 domestic sales came in at Rs 1,873 crore while exports came in at Rs 389 crore.

TVS SCS wins multi-year contract from JCB for in-plant logistics in Vadodara
TVS Supply Chain Solutions Limited (TVS SCS) has secured a business contract from JCB in India to manage in-plant warehousing and logistics operations at JCB's facility in Vadodara, Gujarat for three years. This partnership builds on a relationship spanning over two decades, wherein TVS SCS has been providing aftermarket warehouse services in Bhaproda, Haryana for JCB’s parts distribution.

Anicut Capital invests INR 60 cr in ER&D services company BlueBinaries
New Delhi: Anicut Capital, a multi-asset investment firm, has invested an investment of INR 60 crore in BlueBinaries Engineering and Solutions Private Limited, a leading engineering and technology services company for the mobility industry.

Apollo Tyres Q1 Results: Net profit drops 24% to ₹302 crore, revenue up 1.5% YoY
Apollo Tyres Q1 Results: Apollo Tyres announced its April-June quarter results for fiscal 2024-25 (Q1FY25) on Wednesday, August 7, reporting a drop of 24 per cent in net profit at ₹302 crore, compared to ₹397 crore in the corresponding period last year. The Chennai-based tyre maker's revenue from operations in the first quarter of current fiscal rose 1.4 per cent to ₹6,335 crore compared to ₹6,244 crore in the year-ago period.

Oil Steady, Supported by Middle East Supply Fears
Oil prices pared gains in volatile trade on Tuesday as fears of an escalation in the Middle East conflict and a drop in production at Libya's largest oilfield raised the prospect of tight supplies.

Energizer Holding, Inc and Assurance Intl introduce STP lubricants, oil solutions in Asia-Pacific, Africa
Energizer Holding, Inc. and Assurance Intl Limited are launching a new range of STP lubricants, oils, filters, and batteries in India, scheduled for later this month. This collaboration aims to enhance automotive oil solutions to improve fuel economy and extend engine life, with products set for distribution across Asia-Pacific, Middle East, and Africa.

Tata Curvv EV vs rivals: Price, specification comparison
Source Credit: Autocar India

The Tata Curvv EV has launched in India, with prices starting at Rs 17.49 lakh and going up to Rs 21.99 lakh, for an introductory period. At this price point, the Curvv EV competes directly with the MG ZS EV, and also sees some overlap with the Mahindra XUV400, and the Tata Nexon EV. We put the four mass market e-SUVs together on paper.

Flexible vehicle architecture is the best solution for now, says BMW senior VP
Source Credit: Autocar India

The recent global slowdown in EV sales has made several carmakers reconsider their ambitious targets, and instead, announce new plans for hybrids and ICE models. This, however, doesn’t help with the optimisation of costs as carmakers who have made large investments for born-electric architectures have to split their resources between ICE and EVs. The flexibility between both powertrains will be crucial in the short- to mid-term.

Honda overtakes Hero in July scooter, bike sales
Source Credit: Autocar India

The month of July saw Honda take the lead from Hero and Suzuki reaching the 1 lakh sales milestone. Here’s how the six highest selling manufacturers performed last month domestically. 

Ducati Hypermotard 950 SP launched at Rs 19.05 lakh
Source Credit: Autocar India

The Ducati India website now lists the range-topping Hypermotard 950 SP. This will be the third Hypermotard available in India, after the RVE and the recently launched single-cylinder Hypermotard Mono 698.

Tata Curvv EV price, variants, features explained
Source Credit: Autocar India

Tata Motors has launched the Curvv EV in India as its flagship electric offering in the country, with prices ranging between Rs 17.49 lakh and Rs 21.99 lakh. The Curvv EV is Tata’s fifth EV offering in India, and is available in five trim levels: Creative, Accomplished, Accomplished+ S, Empowered+ and Empowered+ A. Here, we take a close look at what features and powertrain options you get with each trim.

Tata Curvv EV launched at Rs 17.49 lakh
Source Credit: Autocar India

Tata Motors has launched its much-awaited fifth all-electric vehicle, the Curvv EV, in India. Priced between Rs 17.49 lakh and Rs 21.99 lakh, it competes directly with the MG ZS EV, which ranges from Rs 18.98 lakh to Rs 25.44 lakh.

Curvv EV range compared with ZS EV, Nexon EV and XUV400
Source Credit: Autocar India

Tata Motors has just launched the all-new Curvv coupe-SUV in its electric version, with prices starting from Rs 17.49 lakh, ex-showroom. It is Tata’s fifth electric offering, the second one based on the acti.ev platform, and the first with a coupe-SUV body style. As with Tata’s existing EVs, the Curvv gets two battery pack options with a range of up to 585km on the MIDC cycle. Let’s look at how the Curvv EV’s range compares against that of its rivals.

Tata Motors reveals new ATLAS platform for future cars, SUVs
Source Credit: Autocar India

Tata Motors has debuted an all-new vehicle architecture called ATLAS (Adaptive Tech Forward Lifestyle Architecture) with the Curvv coupe-SUV. Capable of supporting multiple body styles and powertrain options, this new platform will form the basis of Tata's future ICE vehicles, including the upcoming Sierra. 

Tata Curvv fully revealed ahead of September 2 launch
Source Credit: Autocar India

Tata has finally unveiled the much-anticipated Curvv coupe-SUV in India in its production-spec avatar. The coupe-SUV gets three engine options: each with manual and automatic gearbox options,  and the carmaker will announce prices on September 2.

Ola electric bike teased again ahead of August 15 debut
Source Credit: Autocar India

Ola has now released a second teaser for its electric bike, which is slated to break cover on August 15. From this teaser, we can glean that the upcoming e-bike will have an LED headlight with a design similar to the S1 electric scooter range. 

Next gen Honda Amaze spied ahead of debut
Source Credit: Autocar India

Honda has begun road-testing the next-gen Amaze ahead of its global debut. The new Amaze, which has been spotted for the first time, is expected to go on sale by the end of this year, with deliveries likely to commence in January 2025. Despite the test mule being heavily camouflaged, the spy shots have revealed a few details about the upcoming generation of the Honda compact sedan that rivals Maruti Dzire and Hyundai Aura. Here’s the lowdown:

Citroen Basalt price announcement on August 9
Source Credit: Autocar India

Citroen will announce prices for the all-new Basalt coupe-SUV on August 9. It will be the brand's fourth model on the C-cubed program, that's essentially a coupe styled alternative to the C3 Aircross SUV. The Basalt gets notable feature upgrades that have been missing in Citroen models so far. It  will be offered with two petrol engine options.  

BorgWarner secures BEV electric cross differential contracts from 3 Global OEMs
The eXD is part of BorgWarner's electric torque management system (eTMS) portfolio, which enhances vehicle stability, dynamic performance, and traction during launch and acceleration. In electric vehicles, high motor torque can result in performance limitations, as torque application to individual wheels often lacks supervision. The eXD addresses this issue by allowing intelligent modulation of side-to-side torque. This results in improved traction, better cornering, and enhanced lane-change performance, thereby increasing driving safety and efficiency even in challenging driving conditions.

Tesla is recalling more than 1.6 mn cars in China for a remote software fix
Tesla is recalling 1.68 million cars in China for a remote software upgrade to ensure that they warn the driver when the trunk is not locked shut, China's market regulator said.

Hyundai to invest USD 28 mn in Thailand for EV assembly, batteries
South Korean auto maker Hyundai Motor Company will invest 1 billion baht (USD 28 million) to set up a facility to assemble electric vehicles and batteries in Thailand, the country's Board of Investment (BOI) said on Wednesday.

Rivian sticks to production forecast, posts second-quarter margin below estimates
Rivian Automotive maintained its production forecast for the year on Tuesday and said it lost more per electric car delivered than analysts had expected.

Honda Q1 profit jumps 23%, helped by hybrid vehicle sales
Japan's Honda Motor reported a 23% increase in first-quarter profit on Wednesday as the automaker benefited from a weaker yen, higher pricing and growing hybrid vehicle sales in the U.S. and its home market.

China's July rare earths exports rise 2.2% from prior month
China's exports of rare earths in July rose 2.24% from June, customs data showed on Wednesday.

BorgWarner to deliver a high voltage eFan for BEVs
BorgWarner has secured a contract to deliver its high voltage eFan system for use on a major global OEM’s series of heavy-duty battery electric vehicles (BEVs) in North America. The contract marks BorgWarner’s largest eFan business win in North America, with the start of production slated for Q4 2027. 

Arcadium reviews Australian lithium operations due to low raw material prices
Arcadium Lithium is reassessing its Mount Cattlin lithium operations in Western Australia given falling prices of raw material spodumene, CEO Paul Graves said on Wednesday as the miner announced a round of cost cuts.

Mercedes-Beng EQE fire prompts parking garage bans, safety fears in South Korea
After an unplugged electric Mercedes-Benz sedan caught fire in an underground parking lot of an apartment complex in South Korea, more than 700 people were evacuated and around 140 cars were damaged in the blaze. (Representational image) (Daimler)

Hyundai and Kia cut car theft rates by software upgrades, research finds
Source Credit: Hindustan Times

The software upgrade for Hyundai and Kia cars started in February 2023 after numerous theft claims that began during the Covid-19 pandemic.

EVs, hybrid vehicles set to exceed China's 50% car sales for first time
Source Credit: Bloomberg, Business Standard

Electric vehicles and plug-in hybrids likely surpassed 50 per cent of all vehicles sales in China for the first time in July, even as the overall number of cars sold fell, marking a key milestone in the country’s auto market.

BMW, Ford, Volkswagen and GM to recall 51 million cars in US over airbag issue
Source Credit: Hindustan Times

The National Highway Traffic Safety Administration has issued a notice saying that parts from airbags in nearly 51 million cars could cause them to explode during a crash, sending shrapnel into the cabin.