Honda Motorcycle sees sharp increase in revenue, profit for FY24 as motorcycle volumes surge
Honda Motorcycle and Scooter India (HMSI), the Indian subsidiary of Honda Motor Company, has accelerated its growth in FY24, narrowing the gap with market leader Hero MotoCorp and leading profit expansion among major two-wheeler manufacturers. According to Ministry of Corporate Affairs filings, the maker of Activa reported a 46% rise in net profit to Rs […]
Product offensive will remain linchpin for breakthrough in all markets: Balaji
Tata Motors Ltd expects introduction of new models across markets and favourable macroeconomic factors to drive volume growth in the year ahead. The automaker’s management expects strong sales growth in the March quarter to help build momentum for 2025-26 (Apr-Mar). “The product offensive will remain the linchpin for breaking through in markets. So innovation has […]
Maruti Suzuki cuts inventory to 9 days, sees Q4 retail sales growing 3-4%
After a challenging year marked by a vehicle pile-up at dealerships, Maruti Suzuki has made significant strides in reducing its inventory. With strong retail sales in the final three months of the year, the automaker reduced its network stock to just 9 days as of December end. Maruti Suzuki is optimistic about sustained demand momentum, […]
McLaren hits new milestone in India with 50 cars sold
Share via: While 50 units may not seem a lot, to give perspective, McLaren’s most accessible supercar in India is priced from ₹4.5 crore onwards. McLaren hit the sales milestone recently since it officially commenced operations in India in late 2022. The brand operates in the uber-premium supercar and hypercar segment McLaren Automotive has hit […]
Cabinet approves revised ethanol prices for public sector OMCs
The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved the revision of ethanol procurement prices for Public Sector Oil Marketing Companies (OMCs) for the Ethanol Supply Year (ESY) 2024-25. Starting from November 1, 2024, to October 31, 2025, the administered ex-mill price of ethanol derived from C Heavy Molasses […]
Project Abhay: Vision care initiative targets road safety crisis
A nationwide initiative has screened 50,000 truck drivers across six Indian states, revealing that over half suffer from vision problems that could impact road safety. The Project Abhay findings, presented at IIT Delhi on January 29, show that 55.1% of drivers require vision correction, with 93.7% receiving immediate assistance through on-site health camps. The initiative, […]
Tata Motors expects ‘competitive’ car prices in India as new models launch
Tata Motors anticipates car prices in India will remain “competitive” in the new year, driven by new model launches and despite a rationalization of inventory levels across the industry. This comes in the context of a cooling off in demand following two years of strong growth. “The crux of the discounts came in earlier this […]
Para-Archer Sheetal Devi brings home Mahindra Scorpio N, gifted by Anand Mahindra
Share via: Para-archer Sheetal Devi took delivery of her new Mahindra Scorpio N after she turned 18 and gifted an arrow to Anand Mahindra, as a token of gratitud … Read more Anand Mahindra had announced he would gift an SUV of her choice from Mahindra’s stable after a bronze medal win in the Paralympics […]
Confident of leadership position in electric 2-wheeler space, says Bajaj Auto’s Rakesh Sharma
Bajaj Auto Ltd is confident of a leadership position in the electric two-wheeler space, led by sales of its recently launched Chetak 35 series, the introduction of new products over the next 2-3 months, and strong demand for its sub-₹1 lakh electric two-wheelers, the company’s Executive Director Rakesh Sharma said today. “While we have performed well in […]
TVS Motor to set up hub in Dubai for international business
In a bid to widen its global footprint, Indian two- and three-wheeler major TVS Motor Company is setting up a hub in Dubai to streamline its international business, according to a senior company official. “We are investing in setting up a new hub in Dubai for international business because we see a huge opportunity in […]
TVS Motor to account for PLI scheme incentives from Q4FY25
TVS Motor Company is likely to start accounting for the incentives under the government’s production-linked incentive (PLI) scheme for automobile and auto components from the fourth quarter of the current financial year, according to a senior company official. Incentives for sales of iQube during FY2025 are likely to be to be accounted for in the […]
BMW trio: 5 Series, Mini Cooper S, Countryman E launch today. Check details
Share via: The spotlight will be on the new-generation BMW 5 Series, which is making its Indian debut in a long-wheelbase configuration. Designed to rival the Me … Read more The new-gen BMW 5 Series LWB gets a 110 mm longer wheelbase than the standard model. It’s larger than even the new-gen Mercedes-Benz E-Class LWB […]