Tata Motors Q2FY25 net profit falls 11% YoY to Rs 3,343 cr on weak JLR performance
Mumbai: Tata Motors Ltd. (TML) Q2 FY25 consolidated net profit fell 11% on-year to Rs 3,343 crore, driven by weak performance at its Jaguar Land Rover (JLR) unit and in its commercial vehicles segment.
New Delhi: Maruti Suzuki India Ltd maintained its lead, with production rising to 1,65,782 units in August 2024 and cumulative production reaching 8,35,842 units from April to August, according to a SIAM report.
Passenger Vehicle sales rise 1.6%; two-wheeler sales up 9.3% in Aug: SIAM report
New Delhi: The automobile sector showed mixed growth pattern across various segments of the automotive sector in India, according to the August 2024 report releasedby Society of Indian Automobile Manufacturers (SIAM).
Bridgestone announces 25 billion yen investment at Japan’s Kitakyushu plant
Tokyo: Bridgestone Corporation today announced that it will invest ¥25 billion to upgrade equipment for certain facilities at the Kitakyushu Plant, which produces tires for mining and construction vehicles.
Bridgestone India unveils Dueler All-Terrain 002 tyre
Kolkata: Bridgestone India has launched the Dueler All-Terrain (A/T) 002 tyre with enhance grip and stability.
Honda Motorcycle & Scooter India sells 5,41,946 units in April
Gurugram: Honda Motorcycle & Scooter India (HMSI) today reported a double-digit growth in its overall sales for the month of April 2024.
Honda Motorcycle & Scooter India achieves 6 cr domestic sales milestone
Mumbai/UNI: Honda Motorcycle & Scooter India (HMSI) announced on Thursday that it has accomplished a historic achievement of 6 crore domestic sales in India.
Maruti Suzuki recalls 16,000 units
Gurugram: Maruti Suzuki India on Friday announced the recall of more than 16,000 units of its two leading car models due to a fault in the fuel pump motor, media reports said.
Tata Motors to construct Rs 9,000 cr plant in Tamil Nadu, creating 5,000 jobs
Mumbai: Automotive industry major Tata Motors signed a Memorandum of Understanding (MoU) with the government of Tamil Nadu on Wednesday.
Hyundai India IPO: Company picks up JP Morgan, Citi, and HSBC as advisors, says report
Mumbai: Hyundai Motor, the South Korean automotive company, has proposed an initial public offering (IPO) for its India division. It has selected JP Morgan, Citi, and HSBC as advisors for the potential IPO, aiming to raise an estimated $3 billion to $3.5 billion, Moneycontrol reported citing various anonymous industry insiders.
Tata Motors plans to set up dedicated sales network for EV this fiscal
Mumbai: Tata Motors is preparing to establish a dedicated sales network specifically for its electric passenger vehicles within the current fiscal year, media reports said.
Need to clamp down on auto component imports: Commerce & Industry Minister Piyush Goyal
New Delhi: Union Commerce and Industry Minister Piyush Goyal on Tuesday emphasized the need to introduce strict measures to clamp down on imports of automobile components by certain manufacturers despite their availability in the domestic market, media reports said.
India's domestic passenger vehicle sales up 9.4 pc in August, reveals SIAM data
Driven by a pick-up in demand, automakers recorded a 9.4% year-on-year increase in passenger vehicles (PVs) sales to 3.59 lakh units during the month of August 2023 and remain optimistic about sales in the coming festive months.
Renault India achieves 10,00,000 production milestone
New Delhi: European automaker Renault on Wednesday said it has achieved a production milestone of 10,00,000 vehicles in India.
India's auto-parts industry records trade surplus of $700 million in 2021-22
New Delhi: India's auto parts makers have recorded a trade surplus of $700 million in the year 2021-222, as top automobile manufacturers around the world adopt a "China Plus One" strategy to shield the supply chains from the risks involved in relying completely on a single source in the wake of Covid-19.