Adani plans $3 billion outlay to launch semicon business
The Adani Group has set its eyes on semiconductor manufacturing and is planning an initial investment of $3 billion over two to three years, according to two persons directly aware of the development.

Tata Group to create 5 lakh manufacturing jobs in 5 years
New Delhi: Tata Group aims to create 5 lakh manufacturing jobs in 5 years across various sectors, said Tata Sons Chairman N Chandrasekaran on Tuesday.

Indian conglomerates poised for $800 bn investment push: S&P Global Ratings
Indian conglomerates are gearing up for a massive investment wave, with capital commitments projected to reach approximately USD 800 billion over the next decade, according to a S&P Global Ratings report.

Hyundai Motor India IPO sees slow pick up as analysts raise high valuation concern
Hyundai Motor India IPO: Today (Tuesday, October 15), Hyundai Motor India Ltd launched its initial public offering on D-Street, and the first day of bidding has been marked by a gradual and consistent pace. The IPO has garnered a subscription of 18% on the opening day. Among the subscriptions, the retail investors' portion stands at 26%, the non-institutional investors' quota at 13%, and the qualified institutional buyers (QIBs) section at 5%. Additionally, the employee portion has seen a subscription of 79%.

Hyundai India GMP: All signs point to debut losses for investors
Hyundai IPO has opened for subscription, but investors might have to brace for losses on debut, going by the grey market trends. The GMP is on a continuous slide and is currently trading at just 1.6% premium over the issue price.

Capgemini report highlights disconnect between automotive industry and consumers on customer experience
What does this report signify?

Hyundai Motor India's mega Rs 27,870 crore IPO hits 18% subscriptions on first day
Hyundai IPO sees subdued demand on Day 1, subscribed to just 18%

Fresh vs OFS: Hyundai Motor India's mega IPO set to upend 2024 skew

Following HMIL’s offering, the primary share sale component in 2024’s IPO activity is expected to drop to 36.5 per cent. Despite this decline, experts maintain that the robust fundraising of over Rs 33,772 crore via fresh share sales reflects continued strong demand for growth capital. “In the past few years, capital expenditure has largely been driven by the government. Private players haven’t participated as much. Over the past 10 years, capex by the private sector has been relatively subdued, but with the economy now looking up, fresh capex by the corporate sector has increased. This year, companies in the manufacturing and infrastructure sectors are hitting the markets,” said Deepak Kaushik, executive vice-president and group head of equity capital markets at SBI Capital Markets.

Hyundai Motor IPO opens: Retail portion subscribed 25% as of 4 pm
 

Retrospective levy of cess bleeds automobile sector
 

Maruti Suzuki launches Baleno Regal edition with enhanced styling and premium features for festive season
Maruti Suzuki India Limited (MSIL) today launched the new Baleno Regal Edition, available across all variants of the New Age Baleno, including automatic and CNG models. Designed to enhance the premium hatchback’s appeal through improved cabin comfort and stylish design elements, the Regal Edition comes equipped with complimentary accessory kits.

Skoda Kylaq is Volkswagen Group’s 250 mn Euro bet in India; leads new engineering and product offensive
Coimbatore: Skoda Auto Volkswagen India (SAVW) got some much needed traction in the Indian passenger vehicle market with the Skoda Kushaq SUV, Slavia sedan, and their VW twins, launched starting June 2021 under Volkswagen’s Group’s ‘India 2.0’ strategy. WIth the Skoda Kylaq, the European Group’s ambition is to gain a much better presence in India. After all, it will play in a segment which alone contributes around 30% of India’s passenger vehicle (PV) industry volumes.

SUV makers hit with Rs 10,000 cr tax notices: Row over GST cess explained
 

Tata Curvv, Curvv EV score 5-star safety rating from Bharat NCAP
Tata Motors’ newest SUV, the Curvv, along with its all-electric variant, has achieved top ratings in the Bharat NCAP crash tests. This coupe SUV is the fifth vehicle from Tata Motors to receive a 5-star rating, following the Nexon, its EV version, the Punch EV, Harrier, and Safari. Both the Curvv ICE and the Curvv EV have earned 5 stars for Adult and Child Occupant Protection.

Hyundai will launch 4 new mass market EVs in India including Creta EV
Hyundai was the first OEMs in India’s passenger vehicle market to step into the EV segment when it launched the Kona Electric back in 2019. This was followed by the CKD-built Hyundai Ioniq 5 launched in 2023. The Korean carmaker currently retails the Ioniq 5 as the only electric car in India after the Kona Electric was discontinued earlier in June this year.

India's goal should be to have 10-plus fabs by 2030: SEMI President & CEO
Ajit Manocha, president and chief executive officer (CEO) of Semiconductor Equipment and Materials International (SEMI), a California-headquartered global industry association with over 3,000 member companies in the semiconductor and electronics sectors, shares insights on India’s new strategy to establish itself as a major force in the global semiconductor industry in an email interview with Surajeet Das Gupta.

Edited excerpts:

Skoda Kylaq Prototype Test Drive: First Impressions
Skoda is all set to officially enter the sub-4-metre segment with the unveiling of the Kylaq on November 6. This made-in-India compact SUV is poised to be the Czech Republic automaker’s most significant product in India. Before its official debut, we had the opportunity to drive a camouflaged pre-production version of the Kylaq under various driving conditions. Here are our first impressions of the compact SUV.

Mahindra launches Arjun 605 DI MS V1 tractor
Mahindra & Mahindra has launched a new Mahindra Arjun 605 DI MS V1 tractor, to meet the increasing demand for high horse-powered tractors during the crucial farming season, in Punjab, Haryana, Madhya Pradesh, Rajasthan and Uttar Pradesh.

Royal Enfield Scrambler 650 spied undisguised for for first time, EICMA debut likely
Royal Enfield has plenty of models in development in all three categories: 350cc, 450cc, and 650cc. In the 650cc displacement category, Enfield launched the Shotgun 650 earlier in January this year and the Super Meteor 650 a year before. However, it all started with the Interceptor 650 and Continental GT 650 which were launched in 2018.

KTM 390 Adventure R revealed in camo version ahead of global debut at EICMA
KTM launched the 390 Duke almost two years back but the Austrian bikemaker is yet to upgrade the RC and Adventure lines of motorcycles to the new-gen 390cc platform. It now seems that KTM is gearing up to introduce the 390 Adventure soon. A near-production version of the new-gen KTM 390 Adventure is making headlines at the international stage.

Diwali Sale: BMW G 310 R, G 310 GS get massive discounts
BMW Motorrad has announced festive offers for its most accessible range, the G 310. In an effort to draw in more customers and boost sales, the German luxury brand is offering a variety of purchasing options, along with extended warranty and service packages. These special deals are available from October 15 to November 15, 2024, at all authorized BMW Motorrad dealerships.

Bajaj Auto Q2 Results Preview: Net profit likely to rise 21%, revenue growth seen at 23% YoY led by strong volumes
Bajaj Auto, the two-wheeler and three-wheeler manufacturer, will announce its financial results for the second quarter of FY25 on October 16. The auto major is estimated to report decent earnings growth during the July-September quarter led by increase in volumes and richer product mix.

Setco Auto begins its climb back from the brink
New Delhi: Udit Sheth is quite forthright when asked why his company’s share continues to languish at levels of INR 12 on the BSE.

Kinetic Engineering invests Rs 30 crores in electric subsidiary Kinetic Watts and Volts
Kinetic Engineering has announced an investment of Rs 30 crores into its newly established electric subsidiary, Kinetic Watts and Volts, increasing its total investment from Rs.18.5 crores to Rs. 48.5 crores and emphasising on advanced EV technology and battery solutions. 

ChargeZone launches innovative Battery Passport System to give insight about battery's lifecycle information
Ravindra Mohan, Group Director at ChargeZone, highlighted the thoroughness of the Battery Passport System. "ChargeZone’s Battery Passport System, developed on the Industrial IoT 5.0 platform, meets industry standards to ensure accuracy, security, and accessibility of battery information. It encompasses everything from data verification to battery storage, sharing, and identification, while also adhering to legal requirements for EV disintegration into battery and vehicle. Our solution streamlines operations and enhances efficiency for manufacturers and users alike, fostering environmental sustainability and contributing to a cleaner and greener future."

Crossbeats launches DC03 4K Car dashcam at INR 10k to enhance driver safety
Crossbeats has launched the Roadeye DC03 4K Car dashcam in India, integrating cutting-edge technology aimed at enhancing driver safety and providing detailed journey documentation. The advanced DC03 dashcam by Crossbeats is available for purchase on Amazon and the Crossbeats website at the price of INR 9,999. The DC03 dashcam features 4K UHD video recording, built-in GPS for route logging, and advanced driver assistance systems (ADAS), ensuring thorough and clear coverage of every journey.

Nitin Gadkari urges automobile industry to promote ethanol, flex fuels
New Delhi: Union Minister Nitin Gadkari on Tuesday asked representatives of the Society of Indian Automobile Manufacturers (SIAM) to look into ways of making ethanol and flex fuels more acceptable to the public. The Ministry of Road Transport and Highways (MoRTH), in a post on X said, Gadkari chaired a review meeting with representatives of SIAM at Transport Bhawan to discuss the readiness of the automobile industry for ethanol and flex fuels.

No win in winter: In pollution’s GRAP already
The 27 measures announced under Grap Stage I to combat the deteriorating air quality in Delhi-NCR are preventive actions, directing govt agencies to intensify measures to control air pollution. This includes stopping construction and demolition (C&D) activities for projects with a plot size equal to or more than 500 sqm that have not yet registered on the respective web portals of Delhi, Haryana or Uttar Pradesh govts.

TVS Credit Services reports 20% growth in Q2 profit

As of September 2024, the company’s assets under management (AUM) stood at ₹26,652 crore, a 13 per cent increase over the same period last year.

RE Interceptor Bear 650 scrambler leaks ahead of launch
The Royal Enfield Interceptor Bear 650 scrambler has been leaked ahead of its official unveiling. The images you see here are thanks to the motorcycle having undergone its homologation process in Australia, suggesting that the official unveiling isn’t too far off.

KTM 390 Adventure R showcased ahead of EICMA reveal
The next-gen KTM 390 ADV R has been spotted testing in India on multiple occasions, and KTM has even confirmed that it will officially reveal the bike on November 5 at EICMA. However, the company has now showcased the bike at one of its Adventure Rally events in South Dakota.

Tata Nexon secures 5-star rating in BNCAP crash tests
The Bharat New Car Assessment Program (BNCAP) today announced the safety rating for the Tata Nexon. The compact SUV secured 5 stars for both adult and child occupant protection. The ratings are for the petrol- and diesel-powered versions. In May, the electric Nexon, too, had secured a 5-star rating.

Skoda Kylaq: what to expect from the Tata Nexon rival
Skoda is all set to enter the compact SUV segment with the Kylaq, which is scheduled for a launch early next year. The Tata Nexon, Mahindra XUV 3XO, Kia Sonet, Maruti Brezza and Hyundai Venue rival is Skoda’s smallest SUV offering yet and aims to woo a buyer who’s already spoilt for choice. Here’s what you can expect from the upcoming Skoda Kylaq.

Next-gen Mercedes CLA previewed ahead of global debut
Mercedes-Benz had showed the CLA concept around a year ago. Now, the production-spec model, albeit camouflaged, was displayed at an event in France, giving us a better picture of what to expect from the final product before its official unveiling sometime next year.

Skoda Kylaq prototype review: Meet the sub-Rs 10 lakh Skoda SUV
Measuring just under four metres in length, the Skoda Kylaq is the Czech carmaker’s smallest SUV yet and has been conceived with the express intent to woo compact SUV buyers. There’s big rewards for the effort because the compact SUV segment is the fastest growing in the Indian market, making up 30 percent by volume. The Kylaq, in effect, opens Skoda to a whole new buyer base that’s already spoilt for choice with models like the Tata Nexon, Mahindra XUV 3XO, Maruti Suzuki Brezza, Hyundai Venue and Kia Sonet. The Kylaq’s job is to deliver everything we like about Skodas in a compact and more affordable package.

Maruti Baleno Regal Edition launched
Maruti has launched a special Regal Edition of the Baleno this festive season in a bid to attract more buyers. This special version brings along a range of complementary accessories, and is available across all variants.

Honda Elevate Dark, City Sports edition in the works
Honda recently launched the Elevate Apex Edition in India to boost sales of the SUV in the festive season. Now, the brand is set to bring out two more limited-run models – of the Elevate SUV and City sedan – that bring about a number of cosmetic changes.

Triumph Speed Twin 900 updated for 2025
After updating the bigger Speed Twin 1200 last month, Triumph has now updated the Speed Twin 900. Unlike the 1200s, the 900’s update doesn’t see any changes to the engine and is focused around the design and feature-set of the bike.

Citroen C5 Aircross concept previews next-gen SUV
New C5 Aircross will be larger than outgoing model

Tata Curvv, Curvv EV secure 5-star BNCAP rating
Curvv EV outscores ICE in adult and child protection tests

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.

Amnesty slams EV firms over rights measures in battery production
Major electric car makers are failing to show that they are protecting workers and communities from exploitation and environmental harm in producing metals for their batteries, Amnesty International said on Tuesday.

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.

BMW CEO: Europe must cancel petrol engine ban to reduce reliance on China
Europe must cancel its plan to ban new fossil fuel-emitting cars from 2035 to reduce reliance on China's battery supply chain and play to its technological strengths, BMW's chief executive said on Tuesday.

Hard to see Chinese EV price deal by end of October, says EU official
EU talks with Beijing on minimum import prices to avert the bloc's tariffs on China-built electric vehicles pose a "formidable challenge" as cars are complex products and because offers must be adequate and enforceable, a senior EU official said.

Paris Motor Show opens during a brewing EV trade war between the EU and China
Auto manufacturers competing to persuade drivers to go electric are rolling out cheaper, more tech-rich models at the Paris Motor Show, targeting everyone from luxury clients to students yet to receive their driving licenses.

It’s OK to mine the rainforest for car batteries
Attempts to prevent the destruction of the world’s rainforests are badly off track — and in the public mind, electric vehicles are increasingly to blame.