Maruti Suzuki launches the new Swift 2024, priced from Rs 6.49 lakh. This model boasts enhanced features, safety, and fuel efficiency, maintaining its competitive edge in the hatchback segment.

TVS Motor Company is expecting electric vehicles (EVs) 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 plans to invest Rs 5,000 crore in the design, development, and deployment of future technologies, products, and digital capabilities. In FY24, EV sales grew by 101 per cent, reaching 1.94 lakh units. TVS plans to introduce another electric scooter this year, and its EV presence will be across both sc

Paytm introduces auto-rickshaw booking on its app through ONDC and Namma Yatri for users in NCR, Bengaluru, and Chennai. ONDC tab includes food, groceries, and rides. Pai Platforms facilitates the service with significant mobility transactions.

The Nifty Auto index closed 0.78 per cent up at 22633.3.

The 2024 Maruti Suzuki Swift, was launched today, and it features a new design and upgraded features, including a new dashboard and enhanced technology. Expected to start at Rs 6 lakh, the new model will compete with micro-SUVs like the Tata Punch and Hyundai Exter in terms of pricing. With a legacy of 3 million units sold, the Swift remains a popular choice in the Indian market for its value-for-money proposition.

The Nifty Auto index was trading 2.15 per cent up at 22942.6.

The Nifty Auto index closed 1.56 per cent up at 22458.65.

Helped by a weak yen and strong hybrid vehicle sales, the Japanese giant's bottom line doubled to 4.94 trillion yen ($31.9 billion) in the year to March while revenues rose 21.4 percent to 45.1 trillion yen, also an all-time high.

Despite consumer interest, the ongoing elections in India have an influence on automakers' sales. Modi's bid for a third term has unsettled the market. Despite worries about voter turnout, cash constraints, and financial regulations, the auto industry is cautiously confident, as sales growth is supported by steady gasoline prices and celebratory purchases.

The Nifty Auto index was trading 0.15 per cent up at 22146.1.

In April, India's auto retail sector surged 27%, attributed to stable fuel prices and new model launches despite dampened consumer sentiment during Lok Sabha elections. Two-wheelers rose 33%, while three-wheelers, passenger vehicles, commercial vehicles, and tractors grew 9%, 16%, 2%, and 1% respectively, driven by favorable market conditions, auto body FADA said.

Venkatraman Narayanan and Joseph Anantharaju of Happiest Minds outline positive Q4 results and strategic plans for FY25, leveraging recent acquisitions for growth and aiming for 35-40% revenue growth with a 20-24% margin target. Strong focus on organic and inorganic growth strategies.

Rural FMCG demand outpaced urban markets in Jan-Mar 2024. Car companies reported higher rural sales. NielsenIQ noted 7.6% rural growth. Factors include robust rabi crop and government measures. Maruti Suzuki saw record rural sales.

Federal highway safety investigators are seeking information on Tesla's development of a fix for its Autopilot partially automated driving system recall. The National Highway Traffic Safety Administration has concerns about the recall's effectiveness, as Tesla has reported 20 crashes since the software update in December. The agency has asked for detailed information on how Tesla used human behavior science in designing Autopilot and the company's assessment of human factors.

The 30-share BSE benchmark Sensex declined 384 points or 0.52% to settle at 60,432. The broader NSE Nifty dropped 140 points or 0.62% to end at 22,302.

The Nifty Auto index closed 1.83 per cent down at 22114.0.

Dalal Street's Q1 earnings season sees Nifty constituents with 24% YoY profit growth, varying estimates from brokerages: ICICI Securities reports 44%, Kotak Institutional Equities 14%, and Motilal Oswal 13%.

The Nifty Auto index was trading 0.86 per cent down at 22332.4.

Emrullah Karaca has made brakes for the past 20 years, but he is now learning to assemble heat pumps instead, as the Continental factory where he works in northern Germany is slated to close. Brakes or heat pumps, it's all the same to me, said Karaca, whose two parents both worked for Continental at the factory.

The Nifty Auto index closed 0.85 per cent down at 22541.35.

Bajaj Auto has unvield its latest marvel, the new Pulsar NS400Z. With a potent 373cc engine under its hood, delivering an impressive 40 PS of power and 35 Nm of torque, this machine is poised to redefine the standards of performance in its segment.

As part of this five-year partnership, approximately 300 engineers from Forvias Augsburg (Germany) and Bangalore (India) sites, have transferred to LTTS

Craftsman Automation Ltd., incorporated in the year 1986, is a Small Cap company (having a market cap of Rs 9343.68 Crore) operating in Auto Ancillaries sector.

Last month, sales of cars, sedans, and utility vehicles in the local market increased by approximately 2%, reaching around 338,341 vehicles, compared to 332,468 units sold in April 2023. This marks the 16th consecutive month of best-ever monthly sales for automakers in the region. Despite a moderation in growth rate, the absolute volume remained robust. Maruti Suzuki, Hyundai, and Tata Motors reported marginal increases in sales, while SUV sales surged by about 15%, constituting 53.6% of total c

A prominent Indian-American academician at Stanford University emphasizes the need for nuanced reporting on India's growth story, cautioning against distant coverage that lacks credibility. Dr. Anurag Mairal highlights the disconnect between Western media narratives and ground realities, asserting confidence in India's democratic values. He underscores India's remarkable progress, contrasting its collaborative approach with China's trajectory, and emphasizes Silicon Valley's positive outlook tow

Gone are those days when you had to spend a significant amount of time filling the air cooler with water every now and then. Several brands are making use of auto fill technology where the coolers get automatically filled with water as soon as it is emptied after generating a powerful air supply. This article features a list of the 10 best auto fill air coolers to beat the heat this summer season. Check them out.

The Indian automobile industry is experiencing a surge in hiring for C-suite executives from diverse consumer-facing sectors to address a talent shortage at the top level amid a post-pandemic sales rebound. Over the past 12-18 months, senior executives from FMCG, consumer durables, and retail backgrounds have transitioned to carmakers like Maruti Suzuki, Bajaj Auto, and TVS Motor Company, traditionally known for hiring engineers and technology experts.

Apple is in discussions with OpenAI to integrate advanced generative AI technology into its upcoming iPhones, signaling a renewed focus on AI-driven features. The upcoming iOS 18 is expected to introduce cutting-edge AI features, leveraging Apple's in-house large language model. Further, Tim Cook's acknowledgment of using OpenAI's ChatGPT underscores Apple's strategic approach to AI integration.

India's auto market aims for a USD 300 billion milestone by 2026, backed by rising income levels and urbanization. The industry showcases robust production figures and significant FDI inflow, positioning itself as a global automotive hub with a promising future.

The seemingly never-ending efforts of China's electric-car makers to redefine the automobile went on display Thursday at the opening of the nation's largest annual auto show. They are forcing established makers such as Nissan to change the way they develop cars to remain players in what is the world's largest auto market.

China on Friday said it will talk only with the representatives of the Dalai Lama and not the officials of the Tibetan government in exile based in India but ruled out dialogue on the highest Tibetan Buddhist spiritual leader's long-pending demand for autonomy for his remote Himalayan homeland.

The Nifty Auto index closed 0.28 per cent down at 22111.55.

Beijing's Auto China show, which lasts until May 4, sees dozens of firms square off in a bid to draw customers at one of the country's biggest car shows. Thursday saw crowds surge into the convention complex hosting the event, which takes place every other year but had not been held since 2020 because of the pandemic.

Biden administration's new rules require airlines to give automatic refunds and disclose fees upfront, saving consumers over half-a-billion dollars yearly, part of a broader effort to lower costs and protect passengers from surprise charges.

Auto parts maker ASK Automotive on Wednesday said it has entered into a joint venture pact with Japanese auto components supplier AISIN Group Companies in the passenger vehicle space. As part of the collaboration, the two partners will market and sell the auto components in independent after markets for passenger car production, ASK Automotive said in a statement.

US has introduced new regulations requiring airlines to offer automatic refunds for flight changes. These rules standardize refund policies, aim to save travelers money, and ensure transparent communication of extra fees, protecting passengers' rights.

The Nifty Auto index closed 0.08 per cent down at 21896.9.

We expect the markets to be growing at about 7% to 8% in the coming year with the upper half of the industry growing at perhaps 2-3% points more and the bottom half growing at 2-3% points less than the average of 7% to 8%.

The Nifty Auto index was trading 0.23 per cent up at 21963.75.

Senior government officials told ET eight automakers and parts suppliers--Mahindra & Mahindra, Tata Motors, Bajaj Auto, Ola Electric, Toyota Kirloskar Auto Parts, TVS Motor Company, Sona BLW Precision Forgings, Delphi TVS Technologies have invested and got approval under the PLI scheme.

The Nifty Auto index closed 0.47 per cent up at 21914.3.

Clearly, there are a couple of sectors which are likely to exhibit better earnings growth compared to the market average earnings growth even going forward, that has been the case for financial year 2024.

Pavna Industries partnered with OLA Electric for auto components supply in the domestic EV sector, emphasizing entry into the two-wheeler electric vehicle segment. Shares of Pavna Group closed at Rs 561.40 on BSE.

The Nifty Auto index was trading 0.62 per cent up at 21743.7.

Indian cricket legend Mahendra Singh Dhoni has been appointed as the brand ambassador for French carmaker Citroen in India, as per sources. The move aims to boost brand recognition for the Stellantis Group company in the competitive Indian market. Dhoni is set to represent the brand for two years, with an annual fee of Rs 7 crore, as revealed by the sources.