April 2024 sales: SUVs grew 19 percent; hatchbacks, sedans fell 22 percent
Source Credit: Autocar India

After notching best-ever sales of 4.21 million passenger vehicles last fiscal, carmakers in India despatched 2,13,117 SUVs and MPVs in April 2024 – a 19 growth over April 2023 – accounting for a 63 percent share of the PV market. Of the 16 carmakers on this list, only eight have registered growth. Similarly, UV sales have helped buffer the sharp 22 percent decline in sales of hatchbacks and sedans in April 2024.

Royal Enfield files for Classic 650 Twin trademark
Source Credit: Autocar India

The Royal Enfield Classic 650 is a motorcycle with the potential to be the most successful model in the brand’s line-up because it melds together the timeless design of the Classic 350 with the capability of the 648cc twin-cylinder motor. Now, Royal Enfield (RE) has filed an application to trademark the name ‘Classic 650 Twin’, leaving little doubt that this upcoming bike will be christened just that. 

Moto Morini X-Cape lineup prices slashed by Rs 1.30 lakh
Source Credit: Autocar India

Moto Morini has announced a price cut for its X Cape 650 range of motorcycles. Just like other brands under the Adishwar Auto Ride India (AARI) umbrella, Moto Morini too announces price cuts for select models following announcements from brands like Zontes, QJMotor and Keeway.

Next-gen Mercedes MB.EA Large EV platform cancelled amidst slow sales
Source Credit: Autocar India

Mercedes-Benz is set to dramatically reduce its investment in electric vehicle platform development, with a decision to drop the upcoming MB.EA Large architecture. 

2024 Honda CBR650R design patent filed. Will it launch soon?

Pune's Automated System to Penalize Vehicles Without PUC Certificates
PUC certificates are important for making sure that vehicles follow emission standards, which helps in creating cleaner air. These certificates check a vehicle's exhaust to determine the levels of pollutants like carbon monoxide and hydrocarbons.

Tesla fires 60 more employees amid layoff spree, slashed nearly 6,000 jobs

Mercedes halts development of MB.EA Large platform amid poor EV sales: Reports

CARS24 post 15% sales growth in Kerala, disburse ₹102 crore loans
CARS24 has registered a 15 per cent growth in Kerala and the company through its financial arm disbursed ₹102 crore loans in FY24, an increase of 160 per cent year-on-year.   Gajendra Jangid, Co-founder and Chief Marketing Officer has attributed the reasons for the sales growth to high per-capita income, comprehensive road infrastructure and a preference for personal vehicles over public transportation.  

EV components maker Matel raises $4 million in funding

Tractor sales down marginally in April; FY25 outlook optimistic on normal monsoon prediction
Chennai: The Indian tractor industry has started FY25 on a subdued note, with April sales showing weak momentum. However, hopes for positive growth in the coming months are fuelled by optimistic predictions of a good monsoon. Total domestic tractor sales reported a marginal drop of 3 per cent at 76,945 units in April this year compared with 79,288 units in April 2023. This April, sales were higher compared with the previous month’s (March 2024) volumes of 63,755 units.

Indian small car exports thrive as domestic demand shifts to SUVs

The small car segment, which once dominated India's passenger vehicle (PV) market, now holds less than 30 per cent of the total market share, as SUV trends have impacted the sales of compact cars and sedans in recent years.

These mistakes can get your car insurance claim rejected

Hybrid technologies and their advantages

Atul Pai Assumes Leadership at Honeywell Automation India Limited: Pioneering Growth and Innovation
Honeywell Automation India Limited (HAIL) marks a significant transition in leadership as Atul Pai takes the helm as Managing Director, effective May 16, 2024. This announcement comes as Ashish Gaikwad assumes the role of India Leader for Industrial Automation within Honeywell International Inc’s strategic business groups.

TI Clean Mobility to invest ₹320 cr in building electric small-truck factory
Chennai: TI Clean Mobility, the electric vehicle arm of Murugappa Group, has planned a capex of about ₹471 crore, with a significant portion of ₹320 crore allocated to setting up a factory in Chennai for manufacturing electric small commercial vehicles. A subsidiary of Tube Investments of India Ltd, the company is strategically expanding its production capabilities across four vehicle segments: electric three-wheelers, electric small commercial vehicles, electric heavy commercial vehicles, and electric tractors.

M&M Q4 Preview: Volume to drive 7% YoY revenue growth but tractor sales may disappoint

Rupee edges up one paisa to 83.50 against U.S. dollar

Apollo Tyres records 65% net profit in FY 24, Q4 profit dips 14%
Apollo Tyres has registered a 65% net profit for the financial year 2024 but saw a net profit decline of 14% for Q4 on a year-on-year basis.

TVS Motor launches electric two-wheeler iQube in Bengaluru

New-gen Maruti Swift accessories revealed– prices start at Rs 29,500
Maruti Suzuki launched the new-gen Swift in India a few days back at a starting price of Rs 6.49 lakh (ex-showroom). While it may look pricey from the outset, Maruti has added a lot of things to the latest iteration of Swift to make it an attractive proposition. One of the highlights is an extensive list of accessories on offer from the carmaker.

Ignored by desis, small cars are driving Made in India ambitions elsewhere

Two-wheeler makers ride high on record sales of branded spare parts

India slashes windfall tax to Rs 5,700 per tonne, effective May 16

Xiaomi becomes 8th largest EV upstart in China after successful SU7 launch

China's BYD launches mid-size hybrid pickup in Mexico

Tesla is sued over emissions from California plant

Biden Significantly Increases U.S. Tariffs on Chinese Electric Vehicles and Semiconductors

Hyundai Motor India Introduces Hyundai Soirée for IONIQ 5 customers

Mahindra XUV 3XO registers over 50,000 bookings in 60 minutes
New Delhi: Mahindra & Mahindra Ltd., India's leading SUV manufacturer, said that the recently launched compact SUV, the XUV 3XO, received over 50,000 bookings in 60 minutes after opening at 10 a.m. on Wednesday.