Top Indian Automobile Industry News & Updates - 04 Jan 2025,Saturday
🏢 Industry
These five fundamentally strong auto stocks are down up to 50% from their highs.
The Indian auto industry's performance is widely tracked, with millions of vehicles including trucks, buses, cars, three-wheelers, scooters and bikes sold every year.
Govt Clears PLI Claims Sought by M&M, TaMo
The Centre will soon start releasing subsidies to automakers under the Production Linked Incentive (PLI) scheme for the automotive industry, heavy industries minister H D Kumaraswamy said on Thursday.
EV players discuss development of battery charging, swapping infra with Piyush Goyal
Stakeholders from the electric vehicle (EV) sector held deliberations with Commerce and Industry Minister Piyush Goyal on various issues, including development of battery charging and swapping infrastructure, an official said on Friday. Officials from Department of Heavy Industries, and Department for Promotion of Industry and Internal Trade (DPIIT) also attended the meeting.
PM E-Drive e-bus subsidy to be rolled out from March
New Delhi: The subsidy for electric buses (e-buses) under the PM E-Drive scheme is likely to be disbursed starting March, according to two officials aware of the matter.
Greaves Electric joins Ather, Ola on green OEMs’ IPO bandwagon despite market share gap
Greaves Electric is following in the footsteps of market leader Ola Electric, which had completed a successful public issue last year. Also, Ather Energy, currently at the fourth position in the electric two wheeler (e2w) pecking order, is already in the queue for an IPO, which is expected in the current quarter.
EV cos agree to end sops after current benefits end: Piyush Goyal
Electric vehicle (EV) companies have unanimously agreed that they would no longer need subsidies once the existing subsidy regime ends, commerce and industry minister Piyush Goyal said Friday.
December 2024 auto sales live: Here are the sales figures of Hyundai, Mahindra, Honda, and more
December 2024 auto sales live: As we say hello to 2025, December 2024 was a month to remember for carmakers as some witnessed positive growth. Carmakers such as Maruti Suzuki, Kia, Hyundai and more have reported their sales for December 2024. Most have witnessed positive growth despite being the last month of the year.
16.15 lakh EVs incentivised under FAME-II scheme: Centre
📝 Centre eyes homegrown EV technology to cut imports
📝 How ScrapMyCar is tackling India’s vehicle scrapping challenges head-on
📝 EV stakeholders deliberate on development of battery charging and swapping infrastructure
📝 ‘Tata plant to make chips by 2026’
📝 Industry seeks PLI scheme for domestic manufacturing of electric air taxis
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🚗 ICE Car/SUV
Honda rolls out new year discounts: Savings up to ₹90,000 on City and Elevate
Honda Cars India has rolled out an attractive discount scheme for January 2025, offering savings on flagship models including the Elevate SUV, City, and City hybrid sedans, reported HT Auto.
What are the most reliable car brands? Here are the top five
Cars and automakers have come a long way and reliability has been given significant importance over the years. Some brands have become synonymous with reliability such as Honda and Toyota. However, there are companies out there that still make troublesome cars. According to a study by Consumer Reports, here are the top five most reliable car brands in the world.
Creta drives Hyundai to record sales with a stellar performance in 2024
Maruti Suzuki shares rise on strong December production
Maruti Suzuki shares gained 1.71 per cent to ₹1,2039.85 at 11.37 AM on the BSE on Friday following the company’s announcement of its December 2024 production figures.
📝 Hyundai Motor transports 26% domestic sales volume by rail freight in 2024
📝 Kia Syros booking starts: Check booking process, expected price, car specs, features
📝 Maruti Suzuki WagonR leads the charts as carmaker posts growth for hatchback segment in 2024
📝 Hyundai transports 1.56 lakh cars using rail in 2024: Key benefits explained
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Electric Car/SUV
Tata Harrier EV caught testing at COASTT track in Coimbatore
Tata Motors had a very busy 2024 with product launches round the year which started with the Punch EV and ended with the Curvv and Curvv EV. This new year is also set to bring brand new products from Tata Motors, especially in the battery-powered segment. The first of them will be the Harrier EV.
Maruti Suzuki drops new e Vitara teaser: Reveals key details
Maruti Suzuki is preparing to make its debut in the electric vehicle segment with the all-new e Vitara. Ahead of its official launch on January 17 at the Bharat Mobility Global Expo 2025, the company has released a fresh teaser. The new teaser showcases key design elements and provides a glimpse of the cabin. Here’s what we know so far.
Hyundai Creta EV bookings now open: Variants, Battery Specs Explained
Hyundai has officially unveiled the much-anticipated Creta EV, set to make its debut at the Bharat Mobility Global Expo 2025 on January 17. Its main competitor, the Maruti Suzuki e Vitara, will also be launched at the same event. Bookings for the Creta EV are now open, with an initial deposit of Rs 25,000. Hyundai is expected to begin deliveries of the new electric SUV starting in February.
Hyundai Creta EV vs competitors: Which EV offers best range and battery specs?
2025 is set to be a turning point for India’s electric four-wheeler market, as the country’s top two automakers enter the affordable EV segment for the first time. Maruti Suzuki unveiled the e Vitara in Milan last November, while Hyundai recently shared the specifications of the upcoming Creta Electric ahead of its debut at the Bharat Mobility Global Expo 2025. Interestingly, the e Vitara, which directly rivals the Creta Electric, will also be officially launched at the same expo. The two new electric SUVs will face tough competition from models like the MG ZS EV, Tata Curvv, and Mahindra BE 6. Here’s a closer look at how the Creta Electric and e Vitara compare to their rivals.
📝 Hyundai Creta EV vs MG Windsor EV, Tata Curvv EV, Maruti e Vitara: Range, batteries compared
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🚗 Luxury
Audi Q7: A luxury seven-seater gets a stylish makeover
The Audi Q7, a car popular among India’s film stars, has long been a symbol of luxury and practicality. With its combination of reliability and solid build quality, it has been the go-to seven-seater SUV. I drove one from Germany to India when it was first launched, and it just munches the miles. However, since its debut, the Q7 has faced tough competition and to keep pace, Audi has recently updated it.
Plan EQB: Mercedes-Benz EQB 350
When it comes to conscious, sustainable choices, in the case of new cars, there’s strong evidence that EVs are a compelling choice. The rate of EV adoption has increased considerably, and the cars themselves have improved — some even better than their conventionally powered iterations. The emergence of premium electric vehicles has been phenomenal in the last few years, and it’s because of cars like the EQB, you would want to consider an EV in that space. It looks good, has a fair bit of room inside, its price tag isn’t obnoxiously heavy, and its brand appeal is one of the best in the luxury car segment but is all that enough to sway your decision? We take the Mercedes-Benz EQB 350 on a drive to learn more about this mid-sized premium electric SUV.
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⛟ Commercial Vehicles
Surat's e-buses to run on solar power
After acquiring electric buses, the city is testing a Green Mobility project. The electric buses will now run on solar energy with a 100KW plant to be developed at a bus port.
📝 Adani Enterprises, EKA, JBM, others in race to supply and run 4,588 E-buses
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🎤 Interviews & Features
Electric hype, hidden costs
The electric vehicle (EV) revolution has been lauded as a game-changer in the fight against climate change, promising to reduce carbon emissions and promote sustainable transportation. Governments worldwide are investing heavily in this transition through subsidies, policies, and infrastructure development.
Gentle devaluation of rupee has been very helpful for Bajaj Auto bottom line: Rakesh Sharma
Sharma also says the EV two-wheeler industry is here to stay. Its penetration in scooters is between 20% and 25% and it is growing at about 35%. In India, mid-sized towns and the small towns have been outperforming metros and deep rural areas.
Could steel, auto sectors thrive without protection? Why it makes sense to invest in solar theme now
Is the consumption theme here to stay and would it continue to have that premium bent to it?
Accelerating adoption of zero-emission trucking: Lessons from Cop29 And Strategies For India
📝 Bajaj Auto engineers technology roadmap with eye on EV leadership
📝 What can you expect from the 2025 Bharat Mobility Global Expo? Five major car brands that are confirmed for the show
📝 Maruti Suzuki e Vitara teased ahead of Bharat Mobility Global Expo 2025 debut, will be sold through Nexa outlets
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🏍 EV/ICE Two Wheelers
Royal Enfield Bullet 350 Military Silver colour discontinued
For a long time, the entire fleet of Royal Enfield models was popularly referred to as the ‘Bullet’ by the common masses. That was the craze of Bullet once which persists in many parts of the country, especially in the Tier 2 and Tier 3 centres of northern India. The latest-gen model received mixed reviews when launched in 2023 due to shared identities with the Classic 350.
Bajaj motorcycles discontinued in India: Pulsar F250, Platina 110 ABS, CT 125X
Bajaj has removed some motorcycles from its lineup. These models had very poor sales for an extended period and the Chakan-based felt the need to pull the plug on these models. These include the Pulsar F250, Platina 110 ABS, and CT 125X. Interestingly, all these models were introduced in the post Covid era. All three models have been delisted from the company’s official website.
Bajaj Pulsar RS200 caught testing: What we know so far
Bajaj Auto has been sharing a series of teasers on social media, but this is the first sighting of the new Pulsar RS200 during testing. As the only fully-faired motorcycle in Bajaj’s lineup, the Pulsar RS200 has generated significant buzz. The latest spy shots have unveiled some key details, and here’s what we’ve been able to uncover.
Aprilia Tuono 457 listed on India website, launch soon
Aprilia is bringing two new products in the 457cc platform– Tuono and Tuareg. Both motorcycles made their debuts at the latest edition of EICMA in November 2024. The Italian brand already offers the RS 457 based on the same platform and engine combination, and the next in line will be the Tuono 457.
📝 New Year bonanza offer: Kawasaki announces benefits up to ₹45,000 on most bikes amid auto industry price hikes
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🌇 Allied Industries
Tata Elxsi to partner with Qualcomm for virtual Snapdragon digital chassis solutions
Tata Elxsi plans to collaborate with Qualcomm Technologies to develop and leverage virtual models of Snapdragon Digital Chassis solutions for cloud-native application development. The partnership will focus on advancing Software-Defined Vehicle (SDV) technologies and will be demonstrated at the Consumer Electronics Show (CES) 2025.y
Government's research arm to develop indigenous EV technology to cut foreign dependence
New Delhi: Prime minister Narendra Modi-led National Democratic Alliance (NDA) government is aiming to facilitate indigenously-developed technology to become Atmanirbhar (self-reliant) in the growing electric vehicle (EV) sector by cutting dependence on the China-led supply chain.
📝 PLI scheme for select speciality steels may be relaxed further
📝 Chola Securities initiates coverage on Tata Technologies, sets target at Rs 1,082 target
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🌢 Fuels, Lubricants
EV battery swapping, charging infra should be at every petrol pump, CNG station: Piyush Goyal
The Union Minister envisioned that all petrol pumps, CNG stations and similar facilities should be equipped with battery swapping and charging infrastructure.
Indian govt unlikely to hike price for ethanol from grain, C-heavy molasses
New Delhi: The government will likely to raise the ethanol price between ₹1.50 and ₹1.70 a litre for the current ethanol supply year (ESY) that began in November 2024. However, the price increase is likely to be confined only to ethanol made from sugarcane juice/syrup and B-heavy molasses, sources said, adding the rates of ethanol made from maize, damaged foodgrains (rice) and C-heavy molasses may remain unchanged.
AAI airports to get EV charging infrastructure
New Delhi: State-run Airports Authority of India (AAI) along with Japan-based Terra Charge will install electric vehicles (EVs) charging infrastructure at four more international airports to support the availability of green transport options for passengers in the city-side area.
US no longer among India’s top crude oil suppliers; Russia leads with 31% share
📝 Oil rises from two-month highs on optimism over policy support for growth
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🌍 Emissions/Environment
Delhi Air Pollution: GRAP 3 curbs back in amid rise in air pollution levels
The Centre’s panel on Delhi-NCR’s air quality reinstated Stage 3 restrictions under the Graded Response Action Plan (GRAP) on Friday following a rise in pollution levels. The 24-hour average Air Quality Index (AQI) in Delhi climbed to 371 by 4 PM, signaling a “very poor” category, according to an official order.
📝 Nitin Gadkari announces INR 12500 crore to improve Delhi's infrastructure and reduce pollution
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💸 Finance & Insurance
EV financier Mufin Green secures $18m US Development Finance Loan
The shares of Mufin Green Finance were trading at ₹107.49 down by ₹1.05 or 0.97 per cent on the NSE today at 10.55 am. Mufin Green Finance, India’s largest electric vehicle (EV) ecosystem financier, has obtained an $18 million, 10-year loan from the United States International Development Finance Corporation (DFC). The funding, announced on January 2, 2025, will support the company’s expansion in EV financing services across India.
📝 PNG, CNG consumers to get uniform insurance cover
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📖 Magazines
New performance cars launching in 2025
If you are a performance car enthusiast and if you’re lucky enough to afford one, it seems like you’ll be spoilt for choices for new cars to choose from in 2025. From an all-new Lamborghini and Ferrari, two new Aston Martins, updates to existing nameplates, and even some new electric sportscars, there are a lot of high-performance machines arriving in India this year. Let’s take a closer look at each.
Raida Frigate jacket review
I’ve been using Raida’s flagship mesh jacket for the past two months and even had the experience of taking it with me for a rather long road trip across Gujarat. Raida’s Frigate offers a sleek option for motorcyclists looking for a blend of style, safety and practicality without breaking the bank. This jacket is available in three colours, and I picked the grey one because I liked the contemporary and sophisticated look. While I am a fan of the subtle grey, the addition of fluorescent green contrasts could have been better executed.
Hyundai Creta Electric bookings open at Rs 25,000
Hyundai India has started accepting bookings for the upcoming Creta Electric with a token amount of Rs 25,000. However, registrations for the base Executive trim haven't commenced yet. This comes ahead of its launch on January 17 at the Bharat Mobility Global Expo.
Hyundai may partner with TVS for new electric three wheeler
Hyundai India could join hands with TVS Motor to jointly develop an all-new electric three-wheeler, our sister publication, Autocar Professional, exclusively reports. The all-new electric three-wheeler is likely to be manufactured by TVS, with Hyundai being in charge of design and engineering. By entering the three-wheeler market in India, Hyundai will also have a presence in the fast-growing last-mile mobility space, accelerating its transition to zero emission vehicles.
Tech Talk: New Renault FCEV van to be part of hydrogen refuelling network
Hydrogen fuel cell projects continue to grow, along with interest in using them to power commercial vehicles and, particularly, heavy trucks. One such is the new Renault Master H2-Tech Prototype shown at the recent IAA Transportation show in Hanover. The Master has been developed by the Hyvia joint venture between Renault and US fuel cell specialist Plug. As part of the project, Hyvia has also developed hydrogen fuel cell stations that are being rolled out across Europe.
Dakar 2025: Harith Noah out after prologue crash
Harith Noah’s Dakar 2025 journey has come to a premature end after the Indian fractured his wrist in the prologue stage. This was his sixth Dakar Rally attempt.
New BMW 1 Series design patented in India
BMW has recently registered two design patents in India – for the new 1 Series and the Skytop roadster. While the refreshed 2 Series Gran Coupe is expected to launch in India this year, this is the first time that the 1 Series hatchback and Skytop roadster seem to be on the cards for our market.
Bajaj Pulsar F250, CT125X, Platina 110 ABS discontinued
Bajaj has discontinued three motorcycles in one fell swoop- the Platina 110 ABS, CT125X and the Pulsar F250. Incidentally, all these introduced in the last four years, have been seeing slow sales for some time.
Hyundai Creta Electric: design updates over regular Creta
Hyundai Creta Electric vs Creta ICE design
New bike, scooter launches in January 2025
The year is off to a good start, with several bike and scooter launches planned for this month. We've got a list of 11 models lined up from several manufacturers for January 2025.
Honda Elevate Black Edition launch on January 7
The Honda Elevate Back Edition will launch on January 7, Autocar India can confirm. The SUV was spied recently in production ready form, hinting at an imminent launch. Honda will introduce it in two guises – the Elevate Black Edition and the Elevate Signature Black Edition.
SUVs, MPVs drive growth for Maruti in 2024 as hatchback sales decline
Maruti Suzuki, India’s largest car manufacturer (by volume), reported sales of 17,55,425 passenger vehicles at a 3 percent year-over-year growth rate in 2024. Precisely, an additional 47,475 units were sold last year over 2023. However, in comparison, CY2023’s 17,07,668 units was a higher 8.35 percent YoY increase.
Honda Elevate gets Rs 86,100 in discounts this January
Honda Cars India, like most other carmakers, is continuing to offer attractive discounts on nearly its entire line-up. Like last month, the Japanese brand is offering a seven-year/unlimited km extended warranty free of cost on some models, along with cash discounts. Some models also get benefits like accessories, exchange and loyalty bonuses, as well as corporate schemes.
Royal Enfield Bullet 350 Military Silver variant discontinued
Early last year, Royal Enfield had launched the Military Silver variant of the Bullet 350, priced at Rs 1.79 lakh. Now, that variant has been taken down from the website, likely because it has been replaced by the Battalion Black variant.
New Volkswagen car and SUV launches in 2025
After what was a relatively quite 2024 for Volkswagen in India, the company is looking to have a product offensive year in 2025. Some of these new models will be brought in as CBUs or via CKD kits, which means the brand will be expanding its premium lineup in India. Volkswagen also has mid-lifecycle updates lined up for the Taigun and Virtus. Let’s take a closer look at what to expect from each.
Over 8.5 lakh Royal Enfield bikes sold in 2024
📝 Mahindra Thar Roxx: what is the current waiting period for diesel-AT?
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📰 International
Tesla's China sales hit record high in 2024, bucking global decline
U.S. electric vehicle maker Tesla said on Friday its China sales rose 8.8% to a record high of more than 657,000 cars in 2024, a strong performance in a competitive market in a year when its annual global deliveries fell for the first time.
Tesla's China sales rise to record high in 2024, bucking global decline
U.S. electric vehicle maker Tesla said on Friday its China sales rose 8.8% to a record high of more than 657,000 cars in 2024, a strong performance in a competitive market in a year when its annual global deliveries fell for the first time.
Are Tesla truck blast in Vegas & attack in New Orleans linked?
The sole occupant of the Cybertruck was found dead inside. Two officials, speaking to AP on condition of anonymity, identified the man as Matthew Livelsberger. Livelsberger served in the Green Berets, highly trained special forces who work to counter terrorism abroad and train partners, the army said in a statement. He had served in the army since 2006, rising through the ranks with a long career of overseas assignments, deploying twice to Afghanistan and serving in Ukraine, Tajikistan, Georgia and Congo, the army said. He was awarded two Bronze Stars, including one with a valour device for courage under fire. Livelsberger was on approved leave when he died, it said.
Hyundai Motor, Kia Motor see uptick in 2025 sales after missing 2024 targets
South Korea's Hyundai Motor Co and affiliate Kia Corp aim to grow their combined global sales by 2% to 7.39 million vehicles in 2025, after reporting a dip in 2024 sales and missing their targets.
A drop in groundwater could mean big trouble for a tiny snail as Nevada lithium project presses on
Opponents of the nation's largest lithium mine under construction want U.S. officials to investigate whether the project in Nevada already has caused a drop in groundwater levels that could lead to extinction of a tiny snail being considered for endangered species protection.
New car sales in Spain surpass million-mark, sector facing tough 2025
New car sales in Spain surpassed the one million mark in 2024 for the first time since the COVID-19 pandemic, data showed on Thursday, but analysts and industry sources said this should not be seen as a sign of recovery in a sector facing a tough 2025.
Sales surge in 2024 for Chinese EV giant BYD
Leading Chinese electric car maker BYD's vehicle sales surged in 2024, the company said in a statement, as the firm grows its overseas presence.
Kia record global vehicle sales of over 3 mn units in 2024
Kia Corporation achieved record-breaking global sales of 3,089,457 vehicles in 2024, a 0.1% increase from 2023. This success was driven by the launch of new models, including the Kia EV3, K4 sedan, and a hybrid Carnival MPV, along with improved production and supply. For 2025, Kia aims to sell 3,216,200 units globally.
Car rental app Turo grew quietly before ties to Wednesday's Cybertruck incident
For nearly 15 years, Turo, the car rental app investigators say was used in the deadly attack in New Orleans and the vehicle explosion at the Trump International Hotel in Las Vegas, quietly grew as an alternative to traditional rental services like Hertz and Enterprise.
Ethiopia to promote EV use in more cities
Ethiopia will try to make more Electric Vehicles (EVs) available in cities across the country, the government said on Thursday.
Chinese electric vehicles gain market share in Norway
Chinese electric cars have surged to account for almost 10% of new car sales in Norway in only five years, data from the country's road federation (OFV) showed on Thursday.
China proposes further export curbs on battery, critical minerals tech
China's commerce ministry has proposed export restrictions on some technology used to make battery components and process critical minerals lithium and gallium, a document issued on Thursday showed.
Tesla sales dropped 1.1% in 2024, its first annual decline in a dozen years
📝 Tesla annual deliveries fall for first time as incentives fail to drum up demand
📝 US new car sales rose to five-year high in 2024, helped by hybrids
📝 EV price war in China intensifies with Nio and Li Auto following BYD and Tesla
📝 Tesla Cybertruck up for grabs with subsidy in United States, joins Hyundai, Kia, Volkswagen EVs
📝 Mercedes, Toyota building super - hybrids
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