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auto industry

Genesys International likely to bag orders worth Rs 200 crore from automakers

by Adesola Mojo
Genesys International likely to bag orders worth Rs 200 crore from automakers

Genesys International Corporation, a provider of advanced mapping services, is in advanced talks to secure an order worth Rs 150-200 crore from two leading original equipment manufacturers (OEMs) in India …

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Categories Automobile

Vehicle registrations rise 13.84% in July driven by rural demand, discounts

by Adesola Mojo
Vehicle registrations rise 13.84% in July driven by rural demand, discounts

Registrations of cars, two-wheelers and commercial vehicles – a proxy for retail sales – rose by 13.84% to 2,034,116 units last month as dealers liquidated stocks driven by demand from …

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Categories Automobile

JSW MG Motor India: Current GST rate for PVs outdated; needs a relook: JSW MG Motor India CEO Emeritus

by Adesola Mojo
JSW MG Motor India: Current GST rate for PVs outdated; needs a relook: JSW MG Motor India CEO Emeritus

New Delhi: The current GST rate structure of passenger vehicles in India is outdated and needs to be aligned with the new developments in the auto industry, according to JSW …

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Categories Automobile

Auto industry needs 2 lakh skilled people by 2030 to meet 30 pc EV adoption target: SIAM

by Adesola Mojo
Auto industry needs 2 lakh skilled people by 2030 to meet 30 pc EV adoption target: SIAM

New Delhi: Indian automotive industry will need up to 2 lakh skilled people by 2030 to meet the government’s vision of 30 per cent electric vehicle adoption, the Society of …

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Categories Automobile

auto industry: Car discounts make comeback after four long years of waiting in the auto industry

by Adesola Mojo
auto industry: Car discounts make comeback after four long years of waiting in the auto industry

Car discounts have made a return after four years of long waitlists, driven by changes in the automotive industry’s pricing strategies. Dealers are ramping up production to meet high demand, …

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Categories Automobile

Auto industry’s ability to hike prices will be lower in FY25 but value growth to be strong: Primus Partners

by Adesola Mojo
Auto industry’s ability to hike prices will be lower in FY25 but value growth to be strong: Primus Partners

Mumbai: Automakers will have less of a pricing power this fiscal owing to a muted demand. As a result, the average price increase is expected to be 4% to 5% …

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Categories Automobile

German auto component supplier ZF Group sells 7.5% stake in its Indian subsidiary

by Adesola Mojo
German auto component supplier ZF Group sells 7.5% stake in its Indian subsidiary

Mumbai: German auto component supplier ZF Group on Wednesday said it has sold a 7.5 per cent stake in its Indian subsidiary ZF Commercial Vehicles Control System (CVCS) India to …

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Categories Automobile

FADA plans to take up issue of high inventory with SIAM

by Adesola Mojo
FADA plans to take up issue of high inventory with SIAM

Automobile retailers’ apex body FADA on Friday voiced its concern on the high inventory level and said it is planning to take up the matter with the Society of Indian …

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Categories Automobile

M&M is wheeling big money into business. What is the plan?

by Adesola Mojo
M&M is wheeling big money into business. What is the plan?

India’s fourth-largest auto company, M&M, is shifting into a higher gear and pressing down on accelerator. It plans to fuel its business growth with an ambitious capital infusion plan. It …

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Categories Automobile

Strong sales growth for entry-level two-wheelers in H2 of FY24; big relief for automakers

by Adesola Mojo
Strong sales growth for entry-level two-wheelers in H2 of FY24; big relief for automakers

New Delhi: In a relief to automakers, sales of entry-level twowheelers — mostly bought by rural consumers — rose in strong double digits in the second half of FY24, underscoring …

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Categories Automobile
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