With gains of over 28 per cent, Hero MotoCorp has emerged as the best-performing largecap automotive stock over the past three months. The rally has been driven by an improved outlook for the rural segment, higher demand during the ongoing festival season, and rising affordability following cuts in goods and services tax (GST) rates.
The demand for passenger vehicles (PVs) is expected to sustain even beyond the ongoing festival season as a new set of customers, those who gained confidence to buy cars following the recent GST rate cuts, will begin to visit dealerships now, said Shailesh Chandra, president of the Society of Indian Automobile Manufacturers (Siam), on Wednesday.
'Price competition is fierce, with many companies selling at zero margin.' 'This pricing pressure is challenging smaller companies and will likely drive some out of the market over time.'
The country's largest carmaker Maruti Suzuki India on Thursday announced a reduction in vehicle prices by up to Rs 1.29 lakh effective September 22 to pass on the GST rate cut benefit to customers.
Passenger vehicle dispatches from companies to dealers declined 9 per cent year-on-year to 321,840 units in August.
Ola Electric on Tuesday said it has rolled out one-millionth vehicle from its Futurefactory in Krishnagiri, Tamil Nadu.
A minor was killed and two others were injured in Simdega, Jharkhand, when a car driven by a minor crashed into a tree. Police are investigating the incident and holding parents accountable.
Qualcomm is partnering with Indian firms like Lenskart to make smart glasses nearly as affordable as regular eyewear.
India may see its busiest EV festive season in 2025 with SUVs, luxury cars and scooters set to launch, but rare-earth supply bottlenecks risk delaying rollouts.
Luxury carmakers are shifting into high gear with a mix of product launches, personalised experiences and lifestyle-led engagement.
Indian trains remain the greatest connecters linking hearts to the last mile.
Qualcomm has partnered with eyewear brand Lenskart to build glasses using its Snapdragon XR chipsets, which allow for on-device AI processing and spatial computing.
Major two-wheeler (2W) manufacturers in India witnessed a single-digit decline in domestic sales in November after dispatches had picked up in October for the festive season when wholesales went up by 14 per cent and retail also grew by 36 per cent.
Passenger vehicle dispatches from companies to dealers in the domestic market declined marginally year-on-year in July, hit by muted demand, industry body SIAM said on Thursday. Passenger vehicle dispatches declined to 340,772 units in July, compared to 341,510 units in the same month last year.
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Bengaluru-based Ultraviolette launches the fighter jet-inspired X-47 Crossover electric motorcycle at Rs 2.49 lakh, with deliveries to commence in October.
The Supreme Court has ordered authorities not to take coercive action against owners of diesel vehicles over 10 years old and petrol vehicles older than 15 years in Delhi-NCR.
The Supreme Court rejected a PIL challenging the nationwide rollout of 20% ethanol-blended petrol (EBP-20), citing benefits to sugarcane farmers. The plea alleged incompatibility issues with older vehicles.
55 road accidents, 20 deaths every hour.
Auto majors Maruti Suzuki, Tata Motors and Mahindra & Mahindra reported robust sales in September as reduced price tags owing to GST rationalisation led to record demand in the Navaratri period. The month also saw Tata Motors and Mahindra & Mahindra settling at number two and three positions, respectively in vehicle wholesales ahead of Hyundai Motor India.
The Maharashtra government informed the Bombay High Court that Faheem Ansari, acquitted in the 26/11 terror attack case, was denied a police clearance certificate due to ongoing suspicion of being a member of a banned terror organization. Ansari sought the certificate to operate an autorickshaw.
The country's largest carmaker Maruti Suzuki India expects auto sales to bounce back to the glory days of 7 per cent growth by FY 27, helped by the proposed GST rate cut which is expected to bring down car prices by 3.5 to 8.5 per cent.
A truck driver, allegedly abducted after a road rage incident in Navi Mumbai, has been rescued from the house of former IAS probationer Puja Khedkar in Pune, police said.
Electric vehicle (EV) sales in India rose 28.60 per cent to 1,80,238 units in June over the period year-ago, driven by massive jump in e-passenger vehicle volumes, Federation of Automobile Dealers' Association (FADA) said in a statement on Tuesday. Electric passenger vehicle sales, as per FADA data, stood at 13,178 units in the previous month compared to 7,323 e-PVs in June 2024, registering a sharp increase of 79.95 per cent year-on-year.
Congress leader Rahul Gandhi was taken aback when an unidentified man hugged him and kissed him on the shoulder during his 'Voter Adhikar Yatra' in Bihar. The incident occurred in Purnea district, prompting security personnel to intervene.
A court in New Delhi on Saturday granted bail to Gaganpreet Kaur, the key accused in the BMW incident, saying the accident's CCTV footage showed the allegation of culpable homicide was on a 'fragile foundation'.
'Despite assurance from China, none of the companies have received supplies from Chinese sellers.'
'The delay is high in India, and even higher in the case of electric vehicles.'
A senior government official died and his wife was seriously injured after their motorcycle was hit by a BMW in Delhi. The wife alleges the couple in the car delayed taking them to a proper hospital.
Leading automakers Maruti Suzuki, Hyundai, Mahindra, and Tata Motors saw a dip in dispatches to dealers in August amid dip in demand with many prospective buyers postponing their buys anticipating a reduction in vehicle prices on account of the new GST framework. The country's largest carmaker Maruti Suzuki India reported an 8 per cent year-on-year dip in dispatches of passenger vehicles in the domestic market last month.
A high alert has been sounded in Uttar Pradesh's seven districts bordering Nepal. The districts are Maharajganj, Siddharthnagar, Balrampur, Shravasti, Bahraich, Lakhimpur Kheri and Pilibhit.
Recently, Dhoni took his love for four-wheelers to the next level by modifying the Hummer H2, one of the most famous cars in his fleet, with a "military look."
UK police are appealing for information after an Indian rider's motorbike, used for a round-the-world trip, was stolen in Nottingham. The bike contained the rider's passport, laptop, and other personal belongings.
The proposed reforms in goods and services tax (GST) announced by the government last week, coupled with the eighth pay commission dole-out, is likely to push consumption-driven stocks - such as air conditioners (ACs), select automobiles, fast-moving consumer goods (FMCG), retail, and counters of quick-service restaurants (QSRs) - into higher orbit over the next few months, believe analysts.
Major two-wheeler manufacturers in India witnessed a double-digit increase in domestic sales in October, driven by the festival fervour.
Retail sales of vehicles across categories in India grew by 11.21 per cent at 32,08,719 units in November, as compared to 28,85,317 units in the same month last year riding on two-wheeler demand, Federation of Automobile Dealers Associations said in Monday. Retail sales of two-wheelers were at 26,15,953 units last month, as compared to 22,58,970 units in November 2023, a growth of 15.8 per cent buoyed by the festive spillover.
An IT employee from a Scheduled Caste was murdered in Tirunelveli, Tamil Nadu, allegedly due to an inter-caste relationship. Police have arrested a suspect and are investigating the involvement of his parents, who are police officers.
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GST Reform 2.0, which trims tax slabs from four to two, signals a push for demand-led growth, and together with recent income tax cuts, sets the stage for sustained economic growth, experts said. The Goods and Services Tax (GST) Council on September 3 approved an overhaul of the indirect tax regime by taxing essentials at 5 per cent and other goods at 18 per cent. A new 40 per cent tax will be applicable on luxury and sin items.
The growing complexity of E2Ws and the evolving threat landscape make it challenging to guarantee complete immunity from attacks.
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