As Hyundai drives India’s largest IPO, these factors can help you invest or stay away
What happens when an unusually tall, well-built boy joins the class in the middle of an academic session? Head turns. Eventually, the class realises that the boy is much more than just appearance as the scorecard comes out.

Chennai-based company gifts 28 cars, including Merc-Benz, 29 bikes to employees as Diwali gift
We certainly live in the times when toxic workplace culture often dominates headlines. In what seems like a breath of fresh air in such times is a Chennai-based firm making waves for doing the opposite. This Diwali, a structural steel design and detailing company went above and beyond to reward its employees, gifting 28 cars and 29 bikes to boost morale and productivity.

2k complaints against Ola lodged with nat’l consumer helpline: CCPA
The CCPA said, in a statement, “This violates consumer rights, and the no-question-asked refund policy cannot mean that the company incentivizes people to simply use this facility for taking another ride.”

PV sales drop in September 2024 while two-wheeler sales pick up
September 2024 saw total domestic sales of 3,15,689 passenger vehicles and 20,25,993 two-wheelers. PV sales saw a YoY dip, while two-wheelers saw a healthy growth compared to September 2023. For reference, 3,16,908 PVs were sold in September 2023 while two-wheeler domestic sales accounted for 17,49,794 units last year. 

SIAM revises PV growth estimates to sub-5%
New Delhi: Automobile industry body Society of Indian Automobile Manufacturers (SIAM) has estimated the passenger vehicle (PV) segment to clock 3%-5% growth during the ongoing fiscal year. This comes as against a 5%-8% growth estimate during the beginning of FY 2024-25.

Hyundai may take a while to scorch D-St
Investors looking to put money in Hyundai Motor India’s mega initial public offering (IPO) — the country’s largest ever — must be willing to hold the stock for at least a year to earn healthy returns. Analysts are not expecting a bumper listing by the country’s second-largest car maker, with trends in the grey market pointing to a moderate opening.

Maharashtra announces toll waiver for light vehicles entering Mumbai ahead of Elections
Free Entry To Mumbai: In a significant move ahead of the upcoming state Assembly elections, Maharashtra Chief Minister Eknath Shinde announced a complete toll waiver for light motor vehicles at all five toll booths entering Mumbai. This announcement was made during the state cabinet meeting held in Mumbai.

India's Elon Musk — and his EVs — need to be less combustible
By constantly referring to one of the world’s youngest billionaires as “India’s Elon Musk,” the media has done a disservice to Bhavish Aggarwal. The 39-year-old founder of Bengaluru-based Ola Electric Mobility Ltd. seems to have started believing that hurling insults online is how tycoons must deal with pesky naysayers, folks who just can’t grasp their uncommon vision.

Hyundai India raises Rs 8,315 crore from anchor investors ahead of IPO opening
Hyundai raises Rs 8,315 crore ahead of IPO
The Financial Express

Hyundai Motor India IPO opens tomorrow;10 points to know
Hyundai Motor India (HMIL), the second-largest player in the Indian vehicle market, is all set to make its stock market debut with an IPO listing on Tuesday(October 15, 2024). With shares priced between Rs 1865-1960 a piece, the automaker aims to raise over 25,000 crore from the bidding, which will remain open till Thursday, October 17, 2024. Here are ten points for investors to remember about one of Asia’s biggest IPO, which has a large size of seven equity shares. 

Maruti Suzuki Baleno Regal, a limited-edition hatchback launched in India: What’s new
Maruti Suzuki India has unveiled the Baleno Regal, a limited-edition version of its popular premium hatchback, available across all variants. This special edition has been introduced just in time for the festive season, offering buyers a stylish and feature-packed option.

Tata Harrier EV to get AWD — new drive selector patent leaked
Tata Motors is the largest electric vehicle (EV) brand in the Indian passenger vehicle market with already five models in its lineup including Tiago EV, Tigor EV, Punch EV, Nexon EV, and Curvv EV. The homegrown carmaker has plans to expand its EV range further with the Harrier EV next in line.

LeafyBus partners with AMU to launch electric bus fleet for sustainable inter-city travel
LeafyBus, an electric bus operator based in New Delhi, has partnered with AMU to launch its first fleet of 10 electric buses for inter-city travel. This move aims to accelerate India's transition to green mobility, with financing provided by AMU. The buses will initially operate on high-traffic routes, including the Delhi-Dehradun corridor.

‘Impose green cess on commercial vehicles’
In a letter to Punjab governor and UT administrator Gulab Chand Kataria, city-based lawyer Ajay Jagga called for imposition of congestion tax or fee on commercial vehicles entering Chandigarh from outside.

“Our focus is on nudging Indian companies to deliver quality products and services”: Soumitra Bhattacharya, CEO & Director, IFQM
While the Make in India campaign has encouraged many companies to localise production, the quality of India’s products and services is yet to rise to global standards. In a bid to turn this around, a consortium of leading Indian companies has launched the Indian Foundation for Quality Management (IFQM). The team includes Venu Srinivasan, Chairman Emeritus, TVS Motor Company, N Chandrasekaran, Chairman, Tata Sons, and Managing Director of Sun Pharma, Dilip Shanghvi. businessline spoke with Soumitra Bhattacharya, CEO & Director, IFQM, to understand how the platform plans to equip Indian businesses to compete more effectively on the global stage.

Responding to chip headwinds
When the Taiwan Semiconductor Manufacturing Company (TSMC) came into existence in 1987, it had neither a strong talent pool of engineers nor proven R&D capabilities. The company also lacked the capital bandwidth to commission a state-of-the-art, very-large-scale integration (VLSI) semiconductor system that could rival Intel. Despite these limitations, the Taiwanese company evolved into a world-class fab for semiconductor chips by the late 1990s.

Audio Interview| Nearshoring and Mexico: Entering or expanding automotive operations through M&A activities
In the 22-minute Audio Interview, Mr. Barton and Mr. Gámez-Garza discuss these questions:

Can Hyundai's IPO succeed in a slow auto market?
Hyundai Motor India (HMI), the second-largest player in the Indian passenger vehicle market since FY09, is set to make history with its massive initial public offering (IPO) on Tuesday. With shares priced between ₹1,865 and ₹1,960, apiece, it aims to raise a remarkable ₹27,870 crore but will not receive any proceeds from the offer as the promoter-selling shareholder will retain all proceeds. The issue will close on Thursday. By offloading up to 17.5% of its stake in HMI, Hyundai's South Korean parent will not only raise significant funds but also mark its stock market debut outside its home country.

Triumph teases new 800cc bike ahead of Oct 22 debut: What to expect?
Triumph Motorcycle has teased yet another motorcycle on its social media handles ahead of its global debut on October 22. The teaser doesn’t reveal any significant details of the upcoming model apart from the “800” branding on the fuel tank and its date of debut mentioned in the caption.

Triumph Speed T4: An alternative or an upgrade over Royal Enfield Hunter 350?
Triumph launched the Speed T4 as a more affordable derivative of the Speed 400 or essentially a watered down version of the latter. However, Triumph claims this to be a more accessible motorcycle in terms of pricing as well as performance. 

Hero Mavrick 440 vs Triumph Speed T4: Engine, Features, Price
The retro motorcycle segment is abuzz with new launches, and the latest addition is the Triumph Speed T4, the more budget-friendly variant of the Speed 400. Launched last month, the T4 is priced at Rs 2.17 lakh, ex-showroom, and competes with Hero MotoCorp’s flagship bike, the Mavrick 440. What makes the Hero motorcycle a perfect alternative to the Speed T4? Continue reading and find out.

Royal Enfield launches new limited edition scale models of updated Classic 500
Besides its premium motorcycle offerings, Royal Enfield is known to offer an extensive range of apparels and accessories for its customers. The Chennai-based bikemaker has launched a new limited edition range of scale models inspired by the Classic 500. The limited edition 1:3 scale model is now available for a flash sale on October 15, 2024 at 12:15 pm. The first set of scale models of the new-gen Classic came out in 2022.

Bajaj confirms Pulsar N125 launch: What to expect?
Bajaj Auto has officially confirmed the launch of the Pulsar N125 on October 16. The N125 will go up against the TVS Raider 125 and Hero Xtreme 125R and Honda SP 125. The N125 is going to be the third 125 cc motorcycle in the Pulsar lineup after the Pulsar 125 and the NS125.

Q2 result preview: 2Ws and 3Ws likely drivers of auto sector growth

According to Motilal Oswal (MOSL) analysts, PV inventory le­vels have increased amid weaker retail demand, pro­m­pting deeper discounts and thus making the ongoing festival season even crucial. The brokerage forecasts a modest 2 per cent revenue growth for their OEM coverage (excluding Jaguar Land Rover), with Ebitda (earnings before interest, taxes, depreciation, and amortisation) expected to have expanded 4 per cent Y-o-Y in last quarter. However, profit after tax is anticipated to remain largely flat.  

Anti-dumping step: India may raise the bar to block entry of cheap steel
The government could soon expand the ambit of its stringent quality norms amid an increase in large-scale dumping of substandard steel, largely from China, said officials.

Exide Industries ramps up investment in electric battery venture; shares trade weak
Mumbai: The shares of Exide Industries Limited (EIL) were trading at ₹523.70 down by ₹6.80 or 1.28 per cent on the NSE today at 11.45 am. However, the shares opened higher at ₹533.20 from the previous close at ₹530.50.

Droom marks 10 years with the launch of AI-powered platform
Droom, an Indian automobile marketplace, has marked its 10th anniversary with the launch of MyDroom, an AI-powered platform aimed at enhancing vehicle ownership in India. The launch event, attended by prominent figures such as Naveen Jindal, Chairman of Jindal Steel and Power Ltd., and the musician Badshah, who is also an investor in Droom reflected on Droom's achievements and its role in driving technological innovation within the automotive sector.

Govt begins talks on developing ethanol roadmap beyond 20% blending: Oil Minister
The government has begun discussions on developing a roadmap to boost ethanol adoption after 2025, once the national target of 20% blending in petrol is met, oil minister Hardeep Singh Puri has said.

India Inc should take up large scale production of biofuels: Nitin Gadkari
Road transport and highways minister Nitin Gadkari nudged industry to take up conversion of biomass into biofuel to help India reduce dependence on fossil fuels and become Atmannirbhar in production of green fuel technology.

Research on 15% ethanol blending in diesel in advanced stages: Gadkari
Research on blending 15% ethanol in diesel in advanced stages: Nitin Gadkari
The Hindu Business Line

First stage of anti-pollution plan activated in Delhi-NCR
Delhi Air Pollution: Govt imposes GRAP Stage-I across NCR as air quality remains 'poor'

Tata Capital, Tata Motors Finance merger receives RBI's approval
The RBI sent its “no-objection” to both companies earlier this month, according to the companies’ regulatory filings. As consideration for the merger, Tata Capital will issue equity shares to the shareholders of TMFL, resulting in Tata Motors holding a 4.7 per cent stake in the merged entity.

Kawasaki Ninja ZX-6R new colour reaches dealerships
The new KRT Edition colour option for the Kawasaki Ninja ZX-6R has reached Indian shores, with the first bike arriving at Anzen Kawasaki, Mumbai. This updated colour scheme features a splash of yellow to freshen things up, and was first shown overseas this June.

2024 European Rally Championship: MRF Tyres wins Rally Silesia
Team MRF Tyres’ Andrea Mabellini and co-driver Virginia Lenzi won the eighth and final round of the 2024 European Rally Championship (ERC), Rally Silesia in Poland. As for the overall championship, while the team couldn’t make it three consecutive titles, it did finish second overall in the standings.

Cars, SUVs can enter Mumbai toll free from today
Maharashtra chief minister Eknath Shinde announced in the latest cabinet meeting that all light motor vehicles entering Mumbai via five entry points will be exempt from paying toll from today.

Hyundai readies four mainstream EVs for India
Hyundai, which sells the Ioniq 5 in India, will soon enter the mainstream EV market with the launch of the Creta EV by January. Apart from the Creta EV, Hyundai India plans to bring in three more all-electric products.

Inster-based EV to launch after Creta EV

Next-gen BMW M3 to retain petrol power
BMW is not pulling the plug on the petrol-powered M3 sports sedan just yet. BMW M boss Frank van Meel confirmed in an interview that the next-generation M3 will retain its straight-six petrol engine. 

Nissan Magnite pre-facelift models get up to Rs 60,000 off
Nissan Magnite discounts in October 2024

Raptee.HV T 30 e-bike launched at Rs 2.39 lakh, gets CCS2 charging port
150km claimed real-world range

New Bajaj Pulsar N125 to launch this week

Will rival the TVS Raider and Hero Xtreme 125R

Trump suggests tariffs higher than 200% on vehicles from Mexico
Republican U.S. presidential candidate Donald Trump on Sunday suggested he could impose tariffs higher than 200% on vehicles imported from Mexico, saying his aim would be to prevent the selling of cars from Mexico into the United States.

Low-cost hybrid tech gives Renault breathing space in tough EV transition
Renault CEO Luca de Meo's bet on a low-cost gearbox technology is allowing the French carmaker to gain ground in Europe's fast-growing hybrid car market, giving it some breathing space as rivals get squeezed by the electric mobility challenge.

BYD slams EU tariffs as rivalry heats up
Paris: The European Union’s proposed tariffs on Chinese-made electric vehicles will raise prices and deter buyers, Chinese EV giant BYD warned on Monday, as European and Chinese automakers went head-to-head at the Paris car show.

This year’s event – the largest car show in Europe – comes at a pivotal time as the industry struggles with weak demand, rising costs, and growing competition.

Global EV sales up 30.5% in September as China shines, Europe recuperates
Global sales of fully electric and plug-in hybrid vehicles rose by an annual 30.5% in September, as China surpassed its record numbers recorded in August and Europe resumed growth, market research firm Rho Motion said on Tuesday.

Chinese carmaker GAC looks at making EVs in Europe as tariffs loom
Chinese state-owned carmaker GAC is exploring the manufacture of EVs in Europe to avoid EU tariffs, the general manager of its international business told Reuters on Sunday, joining a growing list of Chinese companies planning local production.

Rectangular steering wheels, floating cars and deluxe EVs debut at Paris auto show
Chinese and European automakers are launching new models at the Paris auto show on Monday, with both heavily focusing on their electric ranges, even as demand slows and the EU gears up to impose tariffs on Chinese-made EVs later this month.

Stellantis CEO Tavares in Paris spotlight over US crisis
Carlos Tavares' packed schedule of public events at the Paris auto show on Monday signals the Stellantis CEO will come out fighting after a massive profit warning in late September, even after announcing his retirement date.

Stellantis CEO says company is on pace to fix sales problems after poor performance this year