Page 5 - Automobile

MFs raise bank, automobile holdings in October: Motilal Oswal report

Private banks' weightage stood at a five-month high of 17.7%, up 90 basis points MoM and up 10 bps YoY. The sector weightage was at a 29-month low in September 2020

Auto e-commerce platform Droom files DRHP to raise Rs 3,000 crore in IPO

The offer comprises a fresh issue of aggregating up to Rs 2,000 crore and an offer for sale of up to Rs 1,000 crore

India aims to sell only 20% ethanol-blended petrol from 2025: Oil Secretary

E20 blended petrol to be introduced in 2023. In the transitional period, even 10% ethanol-blended fuel will be available but at different petrol pumps

Maruti Suzuki reports 26% drop in production in October

MSI said total passenger vehicle production stood at 1,30,763 units last month, against 1,76,942 units in October 2020

Pre-owned car sellers see brisk volume growth as chip crunch persists

The market for used cars has been outselling, trend expected to continue

From conventional fuel to EVs, RIL-bp pumps up the mobility stakes

According to RIL-bp, these new Jio-bp mobility stations will bring together a range of services for consumers

Uttarakhand: As rains subside, manufacturing units of automakers resume ops

Will take some time to restore normalcy, say auto suppliers

Tata Punch goes on sale from today, will soon get an electric version too

The latest model aims to wean buyers off hatches and compact sedans

BluSmart drives a green agenda, hopes to expand presence from core NCR base

BluSmart has also gone in for backward integration, creating EV charging stations or what it calls "super-hubs" that can charge almost 70-80 EVs at a time

Semi-conductor crunch, high input costs to crimp Q2 show for auto sector

Though weak domestic demand is set to crimp earnings of two wheeler-manufacturers, strong exports are expected to offset this to some extent

Tesla car to be affordable in India, will cost Rs 35 lakh, says Gadkari

No formal announcement yet but the automobile company is anticipated to bring in its competitive Tesla Model 3

Tata Motors: In advanced stages to raise $1 billion for EV biz - Report

Tata Motors fund raising has attracted multiple private equity funds from the US, Middle East and Southeast Asia for for EV business.

Registration renewal of 15-year-old cars to cost 8 times more from Apr 2022

Starting from April next year, vehicle owners will have to shell out Rs 5,000 for renewal of registration of the cars older than 15 years, which is eight times more than what they currently pay. The road transport and highways ministry has issued a notification for the renewal of the certificate of registration of old vehicles and this new rule is part of the government's overall plan to roll out the National Automobile Scrappage Policy. According to the notification, renewal of certificate of fitness for a bus or truck older than 15 years will cost nearly eight times higher charges than owners of the commercial vehicles currently pay. While charges of registration renewal of a 15-year-old car would be Rs 5,000 compared to the current fee of Rs 600, the charges of registration renewal of old bikes would be Rs 1,000 compared to the current fee of Rs 300. Similarly, a fitness renewal certificate for a 15 year-plus bus or truck would cost Rs 12,500 from the current fee of Rs 1,500; wh

Carmakers stare at nearly 500,000 units of booking backlog, and counting

Chip shortage disrupts production plans

Two-wheeler to car sales: Record low ratio shows Covid impact on poor

Analysts fear that this time, it may take many years of double-digit growth for the industry to recoup the loss in sales volume

Explained: How chip shortage is impacting automakers, other industries

Everybody in the ecosystem is hoarding, or buying excess chips. Some are even buying four times their usual requirements

Ford wakes up badly burnt from its India dream: Here's what went wrong

Analysts and executives said foreigners badly misjudged India's potential and underestimated the complexities of operating in a vast country that rewards domestic procurement.

Kia India drives in updated Carnival with price starting at Rs 24.95 lakh

Kia India on Thursday said it has launched the updated version of its premium multi-purpose vehicle Carnival with a price starting at Rs 24.95 lakh (ex-showroom).

Cabinet clears Rs 26,000-cr PLI scheme for auto sector to boost production

Over a period of five years, the PLI scheme for the auto sector will lead to fresh investments of over Rs 42,500 crore and incremental production of over Rs 2.3 trillion

'PLI for auto aims to ramp up new technologies in the sector'

PLI scheme for the auto sector primarily aims to target two areas. OEM incentive scheme is linked to value sales and is applicable on battery electric and hydrogen fuel cell vehicles of all segments