Top automakers launch new models to revive market sentiment post-festive season
Top automakers are gearing up to introduce new models this November to boost market sentiment following the festive season. These new offerings arrive at a time when the industry is grappling with slowing sales and rising inventories at dealerships.

Bajaj Auto shares fall after 8% yoy decline in domestic sales
Shares of Bajaj Auto tanked close to 5 per cent on Monday, following 8 per cent decline in domestic sales in October y-o-y, according to the sales data posted by the company on November 4, 2024.

PV inventory levels dip as sales pick up during festival season
Mumbai: Passenger vehicle inventory levels are expected to decrease substantially with an uptick in automobile sales. Bumper discounts offered by Original Equipment Manufacturers (OEMs) clubbed with offers from dealers have aided in the increase in car sales during the festival season.

IIT Madras Pravartak Technologies & SWAYAM Plus launch semiconductor industry training
Chennai: IIT Madras Pravartak Technologies Foundation is partnering with the SWAYAM Plus initiative of the Union Education Ministry to launch a training program in the semiconductor industry for students and graduates. This skill-based training program is intended for Engineering and Science students and graduates from Electronics / Electrical / Mechanical / Manufacturing / Production disciplines, says a release.

SMC unveils its 1st mass-production BEV model, the e VITARA
Suzuki Motor Corporation reveals first mass-production electric vehicle, the 'e VITARA'

Bajaj Auto reports 8% decline in 2W sales at 2,55,909 units amid strong export growth
Domestic sales

Tata Motors expects industry sales of e-cars to double in H2

Tata Motors, The market leader in electric passenger vehicles with two-third market share, is expecting the total industry volumes to more than double in the second half of the financial year on the back of new launches and growing awareness of EV technology. This optimistic view comes in the backdrop of 3% decline in the volumes in the first half. In an interaction with FE, Vivek Srivatsa, chief commercial officer, Tata Passenger Electric Mobility said, "The Indian EV market has signifi-cant potential to achieve the target of 130,000-150,000 sales by the end of FY25, but this will depend on several key factors aligning." He added that a strong collaboration among automakers, the government, and charging infrastructure providers will be essential to reaching this target. 

M&M: Muted trend in domestic PV demand : Rating: Buy

Tractor industry poised for recovery during 2HFY25E. 

China's Haier Group plans JV with JSW Group envisaging Rs 1K Crore investment
 

Maruti Suzuki eyes two-fold jump in exports after historic high in October
 

PM E-DRIVE: Government starts disbursal of incentives amounting to ₹320 crore in first month of scheme
The government has disbursed around ₹320 crore to the electric two (e2W) and three-wheelers (e3W), and e-cart/rickshaw under the Prime Minister Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) scheme, which started from October 1.

Tata Motors Shares: Reports flat sales in October 2024, shares decline
Tata Motors, India’s leading automotive manufacturer, reported total sales of 82,682 vehicles in October 2024, showing marginal decline from 82,954 units in the same month last year, according to a regulatory filing on November 1. The shares of Tata Motors Limited were trading at ₹816.50 down by ₹26.95 or 3.20 per cent on the NSE today at 1 pm.

Rohit Shetty takes the wheel: New Skoda Kylaq teaser released
Skoda India is preparing for the global launch of its most affordable SUV, the Kylaq, scheduled for November 6. The latest addition to the Kylaq promotion is Bollywood director Rohit Shetty, who appears in the latest teaser for the SUV.

Skoda Auto India to launch Kylaq on OTT platform, Jio Cinema
Skoda Auto India is set to unveil its latest offering, the Kylaq SUV, through a unique approach directed by renowned filmmaker Rohit Shetty. This groundbreaking premiere will be the first for any car globally to debut on an over-the-top (OTT) platform, Jio Cinema. This innovative strategy underscores Skoda's commitment to connecting with the Indian market in a captivating way.

Pre-book new Maruti Dzire for Rs 11,000: What should you expect?
Maruti Suzuki has opened the pre-bookings of the new fourth-generation Dzire, which will make its debut on November 11. The new Dzire can be booked for Rs 11,000 on the official Maruti Suzuki website or Maruti Suzuki Arena showroom. The Dzire is the highest-selling sedan in the market. 

Honda teases 3rd generation Amaze designed for young buyers and modern families
Honda Cars India Ltd, a leading car manufacturer, released a teaser today for the all-new 3rd Generation Honda Amaze. This premium compact sedan is designed for young buyers and modern families, combining bold design and cutting-edge technology.

Citroen Aircross Xplorer edition launched in India
Citroen has launched the Aircross Xplorer edition in India, which gets a list of added features for an extra price. The Citroen Aircross Xplorer edition is available in two trims, and prices for the packages start at Rs 24,000, while the Citroen Aircross itself starts at Rs 8.49 lakh, ex-showroom.

Maruti Suzuki India expansion plans on track amid slump in small car sales

Addressing the press last week, company chairman R.C. Bhargava confirmed work on the Kharkoda facility in Haryana with an annual capacity of 250,000 units is on track and will be commissioned next financial year.

Maruti Suzuki looks to cash in on 'few lakh marriages' in November to carry festive sales momentum
"We are made to understand that some 'few lakhs' marriages are being planned across the country (in November). So we are pretty hopeful that it will also give us good traction in terms of our retail sales," Maruti Suzuki India Ltd Senior Executive Officer, Marketing and Sales, Partho Banerjee told PTI.

Mahindra to unveil two new electric SUVs on 26 Nov: Here’s all details
Mahindra will be marking a new chapter in its automotive legacy later this month with the unveiling of its born electric range of SUVs. It is no secret that Mahindra has been betting big on its born electric range of vehicles which first came into limelight in August 2022 when the company showcased a few prototypes of the upcoming battery-powered SUVs at a private event in London. 

Suzuki introduces e VITARA based on eVX concept model; production to begin from 2025
Design

Ashok Leyland truck sales decline 13% at 7,208 units; sales for buses rises 8%
Ashok Leyland, in a report released on Monday, revealed its October 2024 domestic sales figures showing a 13% year-on-year decline in truck sales and an 8% increase in bus sales. The company's stock price reacted to the news, closing down over 1.6% at Rs 205.

New Maruti Dzire variant details revealed — Will come in four trims
The upcoming Maruti Suzuki Dzire has been in the news for a while now until it was revealed via spy shots a few days ago. Today, Maruti Suzuki officially announced bookings for the sedan and following that, the variant details have also surfaced. As per sources, the new Maruti Suzuki Dzire will be available in four variants and will get segment-first features.

Updated Hyundai Verna launched: Here’s what’s new
Hyundai Verna received a generation upgrade in March 2023, which involved a complete revamp in design, more features on board, and a new engine option. The Korean carmaker has now introduced some minor updates to the mid-size sedan. The Verna is one of the highest-selling mid-size sedans in India which rivals the likes of Honda City, Volkswagen Virtus, and Skoda Slavia.

Volkswagened, A Cautionary Tale
Clearly, ditching its old slogan, ‘Das Auto’ — The Car — for its current one, ‘Drive Bigger’, hasn’t worked for Volkswagen. VW’s announcement of plant closures and layoffs in Germany caps a series of setbacks over future-proofing its business.

The company’s problems spring from China, its largest market that it, ironically, dominated for decades. There, buyers are turning their backs on fuel-powered cars, favouring homegrown EVs instead. VW does not have a strong line-up of EVs just yet, and declining sales in China have offset the company’s sales in the rest of the world. Its electric strategy does not match up to rivals like BYD, which is leading a surge of EV exports to Europe. As a follower, VW has been caught in tariff wars between China and the EU. Germany, earlier this year, cut subsidies for EVs, making VW’s switch to EVs more difficult.
 

Royal Enfield Himalayan Rally spotted before its unveiling at EICMA
The much-awaited EICMA show in Milan will begin on November 5 and ahead of its official unveil, the Royal Enfield Himalayan Rally was completely spied. The image reveals the fully loaded adventure motorcycle donning the accessories. This is not the first time the Rally version will be showcased as it was unveiled at the launch of the Himalayan 450 last year. Royal Enfield has still not launched the Himalayan Rally, but it is expected to make its debut this year.  

New KTM 390 Adventure R snapped before EICMA — Here are new details
The KTM 390 Adventure has been in the news for a while now and the spy shots, along with the leaked brochure gave us more details about the motorcycle. Now, the motorcycle has been snapped clearly ahead of its EICMA unveil. While we know most of the details about the motorcycle, the picture shows little details that make it interesting.

Budget-friendly rides: Top 5 scooters for under Rs 80,000
The festive season has come to an end, and if you missed the deals, don’t worry. We highlight the best value-for-money scooters that make your daily commute easier and are priced under Rs 80,000, ex-showroom.

New-gen KTM 390 Adventure India launch on Nov 14: What to expect?
KTM is set to write a new chapter when it brings out the new generation KTM 390 Adventure. The latest iteration of the adventure is set to make its global debut at EICMA 2024 which begins today in Milan, Italy. This will be followed by a market launch in India very soon.

KTM big bikes India launch — What to expect?
KTM has been in the news for the launch of the new Adventure series and the updated 390 Adventure is something enthusiasts have been eager about. However, the other big headlines KTM is making is about its flagship stores and the launch of the company’s bigger displacement motorcycles such as the 1390 Duke, 1390 Adventure, and the 890 Adventure R.

Hero MotoCorp records 13% growth Y-o-Y during festive season with sales of 1.6 mn units
Hero MotoCorp, the world's leading motorcycle and scooter manufacturer, achieved record-breaking retail sales during the 32-day festive season starting from Navratri. The company sold over 1.6 million units, representing a 13% increase compared to the same period in 2023. This success is attributed to strong demand across urban and rural India, particularly in the 125cc motorcycle segment led by the Xtreme 125R.

Ducati unveils its lightest V2 engine
Ducati has unveiled a new V2 engine, weighing in at 54.4 kg, that will power future motorcycles from the Bologna-based manufacturer. The new engine is lighter than previous generations and meets Euro5+ emissions standards. Ducati emphasises the engine’s rideability, highlighting its torque at all RPMs and its high-revving performance.

Two-wheeler sales soar in October; TVS, Hero MotoCorp lead the charge
 

Tube Investments reports Q2 profit of ₹168 crore
Chennai: Murugappa Group’s engineering company, Tube Investments of India Ltd (TII), reported a standalone profit after tax of ₹168 crore for the quarter ended September 30, 2024, when compared to ₹181 crore in the year-ago quarter. Profit before tax stood at ₹225 crore compared to .₹245 crore in the same period the previous year, according to a statement.

Exide Industries consolidated Q2 net profit falls 13.7% at ₹233 crore
Kolkata: Storage battery major Exide Industries on Monday reported a 13.66 per cent y-o-y decline in its consolidated net profit to ₹233.40 crore for the second quarter this fiscal from ₹270.32 crore for the same period last fiscal. The company’s revenue from operations, however, grew 17.95 per cent y-o-y at ₹4,450 crore compared to ₹4,371.52 crore for the corresponding period a year ago, according to a stock exchange filing. Expenses during the period under review rose 2.82 per cent y-o-y at ₹4,157.63 crore.

National Clean Air programme: Delhi among bottom 5 cities, only 32% of funds used
 

Unlocking the potential of electric vehicle financing: Navigating challenges and seizing opportunities
The promise and pitfalls of EV financing:

Sundaram Finance reports a 7% drop in Q2 profit, H1 profit stays flat
 

Suzuki e Vitara revealed as first Maruti EV for India
The e Vitara will be a global model for Suzuki, produced at the brand’s Gujarat plant, with 50 percent of production earmarked for export to Japan and Europe, which explains why the global debut was in Italy and not India. However, e-Vitara will first go on sale in India in March 2025 after its Indian debut at the Bharat Mobility Show in January 2025, in New Delhi. This will be followed by a European launch around June 2025. 

Mahindra BE 6e, XEV 9e global debut on November 26
Mahindra will reveal the production-ready BE.05 SUV and the XUV.e9 on November 26 in Chennai. The production-spec born-electric SUVs will be named BE 6e and XEV 9e, respectively, and as spy shots have shown, both these INGLO platform-based models are expected to be radically designed, just like the concepts they are based on. 

Mahindra records highest-ever sales of 54,504 units in October 2024
Mahindra recorded its highest-ever monthly SUV sales of 54,504 units in October, up from 51,062 units in the previous month. The company’s year-to-date performance remains strong, with total SUV sales reaching 3,14,714 units, representing a 22 percent growth compared to the previous twelve months.

Next-gen Honda Amaze teased ahead of global debut
Honda has released the first teaser image of the third-generation Amaze compact sedan ahead of its global debut. While the brand has not revealed any further details, we can confirm that bookings for the new Amaze are expected to commence sometime next month before the reveal.

Ola retains market lead in October EV sales
Despite the reduced subsidy, the retail sales of e-two-wheelers during October were the second-highest in this calendar year on the back of buyer-friendly festive season schemes and attractive deals offered by the OEMs; the highest was in March 2024 at 1,40,333 units. 

Hyundai Verna price increases with new colour, rear spoiler
Verna now gets a new Amazon Grey exterior finish

Royal Enfield sets up Flying Flea brand for EVs
Frame made from forged aluminium

New Maruti Dzire bookings commence
Dzire will get new 82hp, Z Series engine

Citroen Aircross Xplorer launched, priced from Rs 10.23 lakh
Citroen Aircross Xplorer gets minor exterior and interior changes

Bajaj Freedom records highest sales in October
Bajaj Freedom 125 sales

KTM 390 Adventure R leaked fully ahead of debut
Adjustable long-travel suspension, dual-purpose tyres 

Schneider Electric replaces CEO to accelerate strategy execution
Schneider Electric has ousted CEO Peter Herweck with immediate effect, the French industrials giant said on Monday, citing issues with his execution of the company's strategy.

Nevada lithium mine will crush rare plant habitat US said is critical to its survival, says lawsuit
Conservationists and an advocacy group for Native Americans are suing the U.S. to try to block a Nevada lithium mine they say will drive an endangered desert wildflower to extinction, disrupt groundwater flows and threaten cultural resources.

China's DeepRoute.ai raises USD 100 mln as smart driving adoption speeds up
Chinese autonomous driving technology developer DeepRoute.ai has raised USD 100 million from an automaker, the company said on Monday, as it looks to bolster mass adoption of its systems on vehicles ahead of Tesla in China.

China urges France to get EU to arrive at palatable EV trade solution
China has urged France to take on "an active role" to push the European Commission towards a solution acceptable to both the European and Chinese electric vehicle industries, Beijing's commerce ministry said on Monday, citing its minister.

Bosch to cut over 7,000 jobs as it lowers growth forecast for 2024: What we know
Bosch plans to cut more than 7,000 jobs at its German plants amid a lowered growth forecast for 2024.

US regulator ends investigation into Ford engine failures after recall
The US government's auto safety regulator has ended a 2 1/2-year investigation into Ford engine failures after the company replaced engines or extended the warranty on some vehicles.