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auto industry

Auto industry’s ability to hike prices will be lower in FY25 but value growth to be strong: Primus Partners

by Nevil Nickel
Auto industry’s ability to hike prices will be lower in FY25 but value growth to be strong: Primus Partners

Mumbai: Automakers will have less of a pricing power this fiscal owing to a muted demand. As a result, the average price increase is expected to be 4% to 5% …

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German auto component supplier ZF Group sells 7.5% stake in its Indian subsidiary

by Nevil Nickel
German auto component supplier ZF Group sells 7.5% stake in its Indian subsidiary

Mumbai: German auto component supplier ZF Group on Wednesday said it has sold a 7.5 per cent stake in its Indian subsidiary ZF Commercial Vehicles Control System (CVCS) India to …

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FADA plans to take up issue of high inventory with SIAM

by Nevil Nickel
FADA plans to take up issue of high inventory with SIAM

Automobile retailers’ apex body FADA on Friday voiced its concern on the high inventory level and said it is planning to take up the matter with the Society of Indian …

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M&M is wheeling big money into business. What is the plan?

by Nevil Nickel
M&M is wheeling big money into business. What is the plan?

India’s fourth-largest auto company, M&M, is shifting into a higher gear and pressing down on accelerator. It plans to fuel its business growth with an ambitious capital infusion plan. It …

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Strong sales growth for entry-level two-wheelers in H2 of FY24; big relief for automakers

by Nevil Nickel
Strong sales growth for entry-level two-wheelers in H2 of FY24; big relief for automakers

New Delhi: In a relief to automakers, sales of entry-level twowheelers — mostly bought by rural consumers — rose in strong double digits in the second half of FY24, underscoring …

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Scrap your old car, save big on your next buy: Major offers announced across India

by Nevil Nickel
Scrap your old car, save big on your next buy: Major offers announced across India

In what is expected to be significant boost for the govt’s efforts to speed up scrappage of old vehicles, as many as 21 states and UTs have announced some major …

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Maruti Suzuki: Maruti to broaden portfolio as hybrids outsell EVs: Shashank Srivastava

by Mark McDuffie
Maruti Suzuki: Maruti to broaden portfolio as hybrids outsell EVs: Shashank Srivastava

Shashank Srivastava, Senior Executive Officer (Marketing and Sales), Maruti Suzuki India Ltd, says: “We could expect the month to end around the 375,000 mark for the industry, that should be …

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Carmakers raise FY24 sales growth projection to 8.2%

by Nevil Nickel
Carmakers raise FY24 sales growth projection to 8.2%

New Delhi: The country’s car industry has for the second time revised upwards its growth projections for this fiscal to more than 8%, nearly twice the rate projected at the …

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A mini industry spawns under the hood of a booming car market

by Nevil Nickel
A mini industry spawns under the hood of a booming car market

Fuelled by rising disposable incomes, an influx of new sport-utility vehicles, and attractive loan rates, India’s car market is racing ahead. India’s passenger vehicle sales surged past 4 million units …

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China Plus One: Auto industry to invest $7 bn in 5 years to deepen parts localisation

by Nevil Nickel
China Plus One: Auto industry to invest  bn in 5 years to deepen parts localisation

Indian auto industry is set to invest up to $7 billion, or about Rs 58,000 crore, by FY28 to deepen localisation of advanced components from electric motors to automatic transmissions …

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