Tata Motors shares in focus as company takes one step further towards demerger

Shares of Tata Motors Ltd., the maker of passenger and commercial vehicles and the parent of Jaguar Land Rover (JLR), are expected to be in focus on Tuesday, August 26, after the National Company Law Tribunal (NCLT) approved the company’s composite scheme of arrangement. The scheme involves Tata Motors, its subsidiary TML Commercial Vehicles Ltd. … Read more

PM Modi flags off Maruti Suzuki’s first global EV, inaugurates lithium-ion battery facility in Gujarat

Prime Minister Narendra Modi, on Tuesday, inaugurated two projects at Maruti Suzuki’s Hansalpur plant in Ahmedabad, Gujarat. He flagged off production of Maruti Suzuki’s first global electric vehicle, the e-Vitara, and launched a lithium-ion battery manufacturing facility for hybrid and electric vehicle batteries. The event was attended by Gujarat Chief Minister Bhupendra Patel and Japan’s … Read more

Watch | Mercedes-AMG GT XX concept EV circles Earth in 8 days, sets 25 records

Mercedes-AMG announced that its Concept GT XX, an electric vehicle prototype, broke 25 performance records during an eight-day test at the Nardo Ring in Italy. The vehicle, powered by three axial flux motors delivering 1,341 horsepower, covered 5,479 kilometres (3,404 miles) in 24 hours, surpassing the previous electric vehicle record set by the XPeng P7 … Read more

Maruti Suzuki’s Bhargava urges fuel-based taxes, cautious on domestic EV rollout

Maruti Suzuki Chairman RC Bhargava, in an interview with CNBC-TV18, said that vehicle taxation should be based on fuel consumption and pollution levels. He added that the government should provide incentives for low-emission technologies, including hybrids, electric vehicles (EVs), and CNG vehicles. Bhargava said the company is hesitant to commit to a large number of … Read more

Auto firms request govt to implement new GST rates before Navratri: Sources

The automobile industry has requested the Centre to expedite its implementation of new GST rates, to coincide with the Navratri period on September 22, people in the know told CNBC-TV18. The automobile companies are fearing a negative impact on festive sales as await the new GST rates. The automotive industry has also sought the resolution … Read more

Renault Kiger facelift launched at ₹6.30 lakh with 6 airbags across all variants

Renault India has launched the facelifted Kiger compact SUV, with prices ranging from ₹6.30 lakh to ₹11.30 lakh (ex-showroom). The new model replaces the previous RXE, RXL, RXT(O), and RXZ trims with four new variants – Authentic, Evolution, Techno, and Emotion. The facelift is ₹14,000 costlier than the outgoing model at entry level, while the … Read more

Auto bookings slow down as buyers delay purchases on GST cut hopes

Anticipation of a possible Goods and Services Tax (GST) rate cut on automobiles, has begun to weigh on sales momentum across the industry. According to Nuvama Institutional Equities’ latest dealer channel checks, customer enquiries remain healthy, but fresh bookings have slowed sharply over the past week as buyers adopt a wait-and-watch approach. Across two-wheelers (2W), … Read more

Auto wrap this week: Hyundai launches Exter Pro Pack, BMW debuts ’50 Jahre’ editions

The automotive industry has been buzzing with the introduction of new models, upgraded versions, and increased interest in electric vehicles. While bike makers are concentrating on performance-oriented models to attract a diverse client base, car manufacturers are pushing fresh looks and feature-rich updates. From the Hyundai Exter Pro Pack to the Hero Xtreme 125R single-seat … Read more