Auto

Mahindra & Mahindra (M&M) reported a 19 per cent increase in net profit for Q3FY25, reaching Rs 2,964 crore, compared to Rs 2,490 crore in the same period last year. The strong profit growth was driven by higher sales volumes, improved product mix, and operational efficiencies. The company’s revenue from operations surged 20 per cent […]

Hero MotoCorp’s shares fell over three per cent in today’s trading session after the company reported disappointing sales figures for December. The stock dropped to Rs 4,159.90 on the BSE, reflecting investor concerns about the slowdown in both motorcycle and scooter sales. December sales performance Hero MotoCorp’s sales for December fell by 17.5% year-on-year, with […]

The stock market closed on a positive note on December 26, with the Sensex rising 131 points to 80,789 and the Nifty50 advancing 43 points to end at 23,753. Mixed trends in global markets and selective sectoral gains drove the day’s performance. Sectoral performance Of the 13 major sectors, financials emerged as the top gainers, […]

The Sensex and Nifty remained rangebound on December 11 as investors awaited critical inflation data from the US and India. At 2:35 PM, the BSE Sensex was up 61 points (0.07%) at 81,571, while the Nifty rose 38 points (0.2%) to 24,647. Auto and metal stocks led the gains, with the Nifty Auto index up […]

Indian equity benchmarks closed on a mixed note on Friday after a volatile trading session. The Sensex ended flat, while the Nifty slipped marginally as gains in auto and PSU bank stocks were offset by weakness in IT counters. Sectoral Performance On the sectoral front, most indices traded in the green, with PSU Bank, auto, […]

Maruti Suzuki India, the country’s largest automaker, has announced plans to increase vehicle prices by up to four percent across its lineup starting January 2025. The company stated that the decision comes in response to rising input costs and operational expenses, which have made a price revision necessary. “The exact increase will vary depending on […]

Skoda Auto Volkswagen India on Monday said it is in discussions with a potential partner regarding possible collaboration in India, refuting speculation that it has halted the process of finding a local collaborator after the investigation over alleged customs duty fraud. The company, which is leading the German automotive group Volkswagen’s India operations, asserted that […]

Automobile retail sales: Automobile retail sales in India saw double-digit growth in 2023-24 driven by record offtake of passenger vehicles, three- wheelers and tractors, dealers’ body FADA said on Monday. The retail sales across segments rose by 10 per cent to 2,45,30,334 units last fiscal as compared with 2,22,41,361 units in 2022-23. The Indian automobile […]

Dealers will issue a free software update on impacted vehicles for the transmission control ECU (electronic control unit) software, the National Highway Traffic Safety Administration said. The recall includes certain Tundra, Tundra hybrids and Lexus LX600 vehicles produced between 2022 and 2024 as well as Sequoia SUVs manufactured last year. (Image credit: Reuters)

China’s BYD, opens new tab said it plans to launch a number of high-end luxury models from this year.

India’s Pre-Owned Car Market: The Indian pre-owned car industry, which stayed strong despite challenges in FY22, witnessed a significant 14-16 per cent growth in FY23. This is set to grow further and the OLX Mobility report predicts that it will expand to Rs 5 trillion by FY28. Pre-Owned Car Industry: Small Cars Losing Share To […]

The Centre’s air quality panel has directed Uttar Pradesh, Rajasthan and Haryana to register only CNG and electric autos from January 1 and complete the phase out of the diesel ones in the National Capital Region by the end of 2026. The Commission for Air Quality Management issued an order on Wednesday, saying the target […]

Year-Ender 2022: Despite several headwinds on both global and domestic levels, the Indian equity markets showed resilience and turned out to be one of the top performers across the globe against peers, reporting marginally higher returns in the year 2022. The benchmark indices – Nifty50 and BSE Sensex – each reported over 5.5 per cent […]

Delhi auto fare rate hike news: The Delhi government on Wednesday announced to hike auto rates in the city. The decision is being seen as a huge relief to the auto and taxi owners amid rising inflation.As per details, the auto meter will now be down from Rs 30 instead of Rs 25 and after […]

First Trade: The Indian markets on Monday opened lower, tracking weak global cues as both the benchmark indices – BSE Sensex and Nifty50 – slipped more than 0.5 per cent, dragged by IT, Metal, and Auto. The BSE Sensex was down 432.44 points or 0.75 per cent to 57,557.46, while the Nifty50 declined by 118.65 […]

Japanese automaker Nissan Motor India has rolled out its one hundred thousandth unit of the popular compact sports utility vehicle ‘Magnite’ from its joint venture plant in Chennai, the company said on Tuesday. Renault Nissan Automotive India Pvt Ltd commenced operations in 2010 at Oragadam about 45kms from the city. Spread across 600 acres of […]

OpenAI’s ChatGPT has been at the forefront of the artificial intelligence revolution. The cutting-edge chatbot is able to generate texts based on written prompts on almost any given topic. ChatGPT’s sophistication can be gauged by the fact that it can even write computer codes. It now seems that ChatGPT will soon be a common feature […]

The 2023 Kia Seltos is a compact SUV that blends practicality, performance, and comfort, boasting impressive cargo space and a user-friendly infotainment system This model presents several upgrades, such as refreshed styling and a more powerful turbo-four engine, setting new standards in its class. The refreshed SUV from Kia will be going up against fellow […]

OLA has expanded its EV scooter portfolio with the launch of the new OLA S1 Air. Building upon the momentum of the ever-growing EV industry in India, this scooter, designed to cater to a wide range of consumers, promises an amalgamation of impressive performance, stylish design, and cost-effectiveness. With an entry price of Rs 1,09,999, […]

Ramkrishna Forgings Ltd on Monday said it has acquired Multitech Auto Private Ltd and its wholly-owned subsidiary Mal Metalliks Private Limited for Rs 205 crore. Multitech Auto and Mal Metalliks manufacture various parts for automobiles like assembly top cover, shift cylinder, assembly gear, differential case, differential cover, various types of hubs among others. Ramkrishna Forgings […]

Union Minister of Road Transport and Highways, Nitin Gadkari, met with a team from the Federation of Automobile Dealers Associations (FADA) on August 9 to discuss matters related to Goods and Services Tax (GST) on two-wheelers and other vehicles. FADA urged Gadkari to reduce the GST on entry-level two-wheelers from 28 to 18 per cent. […]