Automobile News

22Aug By editor3No Comments

Automobile News, Feature, Rajasthan News

Tata Motors organizes an EV rally in Jaipur

Jaipur, August 2023. Standing true to its commitment to bringing positive change and contributing to a sustainable future for India, Tata Motors celebrates a unique milestone of 1 lakh Tata EVs on Indian roads. To mark this momentous achievement, Tata Motors organized an EV rally with its customers in Jaipur, all of whom have played an important role in helping the company achieve this feat. In the image, senior leaders from Tata Motors flagging off the rally in the city.

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21Aug By editor3No Comments

Automobile News, Business News, Feature, National News

Toyota Kirloskar Motor offers 5 Years of Complimentary Roadside Assistance Program for Superior Customer Convenience

Bangalore, August 2023. Toyota Kirloskar Motor (TKM) takes yet another remarkable step towards enhancing customer satisfaction and providing unparalleled peace of mind with complimentary Roadside Assistance Program for 5 years from the date of purchase of a new vehicle. This pioneering initiative reaffirms Toyota's commitment to ensuring a seamless ownership experience for its valued customers. This RSA package is not just about breakdown support; it aims at providing assurance, convenience, and a sense of security to every Toyota owner. Over the years, customers have been appreciative of not only the products but also Toyota’s world-class Quality, Durability and Reliability (QDR) in service offerings covering timely and unmatched roadside assistance, thereby underlining the company’...

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14Aug By editor3No Comments

Automobile News, Business News, Feature

Toyota Kirloskar Motor Launches the All New Toyota Rumion – The Prestigious Family Car with an MPV Lineage

Bengaluru, August 2023. Marking Toyota’s entry into the B-MPV segment, All New Toyota Rumion presents a prestigious and convenient option for families seeking comfort, convenience, reliability and peace-of-mind. This backed by top performance and excellent fuel efficiency aptly caters to the evolving needs of customers in the compact MPV segment. At the heart of the All New Toyota Rumion lies the powerful K series 1.5-litre Petrol engine with Neo Drive (ISG) technology and E-CNG technology which promises to be responsive and bring joy to driving. The cutting-edge K-series engine is expected to offer an excellent fuel efficiency of 20.51 km/l for Petrol variant and 26.11 km/kg for CNG variant. The All New Toyota Rumion will be available in six variants of S MT/AT, G MT, and V MT/AT, S...

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12Aug By editor3No Comments

Automobile News, Business News, Feature

Tata Motors EV family is now 1 Lakh strong

Mumbai, 12th August 2023. Tata Motors, India’s leading automobile manufacturer and the pioneer of the EV revolution in India, today announced the achievement of an outstanding milestone of 1 Lakh Tata EVs.This momentous journey underscores Tata Motors' unwavering commitment to driving positive change and contributing to a sustainable future for India.Over the last three years, Tata Motors has had an extraordinary journey of leading the EV revolution in India. The journey from its first 10K to 1 Lakh EVs has constantly moved ahead with a narrowing gap,with the last 50K being achieved in just 9 months. To mark this special occasion, Tata Motors lit the skies with a spectacular drone show, showcasing its journey of a dream manifesting into reality. Commenting on this very special occasi...

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11Aug By editor3No Comments

Automobile News, Business News

HERO MOTOCORP REPORTS REVENUE OF Rs. 8,767 CRORE IN Q1 FY’24

New Delhi, August 2023. Hero MotoCorp, the world's largest manufacturer of motorcycles and scooters, today reported its financial performance for the first quarter (April-June 2023) of the FY’ 2024. The company's Revenue from Operations for the quarter stood at Rs. 8,767 Crore, (vs Rs. 8,393 Crore) and Total Income of Rs 8,989 Crore (vs Rs 8,446 Crore) Driven by softening of commodity costs, accelerated savings programs, and judicious price increases, EBITDA margin for the quarter stood at 13.8%, reflecting an improvement of 250 bps. The underlying EBITDA margin for ICE Business stands at 14.5%, excluding the impact of EV business. Profit Before Tax and exceptional item for the quarter was at Rs. 1,255 Crore, reflecting a growth of 52% over Rs. 824 Crore reported in...

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10Aug By editor3No Comments

Automobile News, Feature, National News

India Electric Mobility Council demands continuation of incentives for electric vehicle sector

New Delhi, August 10, 2023. Industry body IEMC on Thursday demanded continuation of incentives given to electric vehicle sector and cautioned that the withdrawal of sops would reduce EV sales to 37 million units by 2030 from estimated 125 million. According to India Electric Mobility Council (IEMC), India Energy Storage Alliance (IESA) has estimated that on discontinuation of the demand incentives, the electric vehicles (EV) sales in India will reduce from estimated 125 million units to 37 million units by 2030. The central government launched the FAME (faster adoption and manufacturing of hybrid and electric vehicles) scheme in 2015, under which subsidies are given to electric vehicle manufacturers and the benefit is passed on to buyers. The second phase of the scheme FAME II was...

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9Aug By editor3No Comments

Automobile News, Business News, Feature

Tata Motors ties up with Kendriya Police KalyanBhandar to offer its range of Passenger Electric Vehicles

Mumbai,09 August, 2023. With the festivities of the Independence Day inching closer,Tata Motors, one of India’s largest automotive manufacturers, is proud tobecome the first EV manufacturer to join hands with the Kendriya Police KalyanBhandar (KPKB), to help Paramilitary Forces, Statepolice personnel and their families across the nation to go.ev. As a part of this coveted association, Tata Motors’EV portfolio consisting of the Tiago.ev, Tigor EV, and theNexon EV PRIMEand MAXwill be available at special rates to allbeneficiaries of the venture. As a measure of welfare for the currently serving and retired personnel of Railway Protection Force (RPF), the Intelligence Bureau (I.B), Special Protection Group (SPG), National Crime Records Bureau (NCRB), National Investigation Agency (NI...

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8Aug By editor3No Comments

Automobile News, Business News

HERO MOTOCORP RECEIVES MORE THAN 25,000 BOOKINGS FOR HARLEY-DAVIDSON X440

New Delhi, August 08, 2023 Riding the wave of an overwhelming response, Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, has received 25,597 bookings for the Harley-Davidson X440, since opening the bookings on the 4th of July, 2023. The booking window has now been closed, and the new booking window will be announced soon.Hero MotoCorp will start production of the Harley-Davidson X440 in September 2023 and commence customer deliveries from October onwards. The introductory ex-showroom prices have now been revised and the revised prices for the Denim, Vivid and S variants will be INR 2,39,500/-, INR 2,59,500/- and INR 2,79,500/- respectively. Mr. Niranjan Gupta, Chief Executive Officer (CEO), Hero MotoCorp, said, “We are delighted with the custome...

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7Aug By editor3No Comments

Automobile News, Business News

Tata Motors joins hands with South Indian Bank, offers exclusive financing program for authorized passenger EV dealers

Mumbai, August 07, 2023. In a bid to make this festive season special, Tata Motors, India’s leading automotive manufacturer, has joined hands with South Indian Bank, one of India’s leading private sector banks, to extend an exclusive Electric Vehicle Dealer Financing Program and offering comprehensive retail financing solutions to all customers. The MoU for this partnership was signed by Mr. Ramesh Dorairajan, Senior General Manager – Network Management & EV Sales, Tata Motors Passenger Vehicles Ltd.and Mr. Praveen Joy, Head, Transaction Banking Group, South Indian Bank. Commenting on the partnership, Mr. Ramesh Dorairajan, Senior General Manager – Network Management & EV Sales, Tata Motors Passenger Vehicles Ltd.said, “Driving EV adoption in India is an integral...

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4Aug By editor3No Comments

Automobile News, Business News

With no compromise on boot space, Tata Motors revolutionizes the CNG market with its refreshed iCNG portfolio

Mumbai, 04 August 2023. Riding on the success of its twin cylinder technology, Tata Motors, India’s leading automobile manufacturer, today brought joy to its CNG customers by not only refreshing its existing CNG line up with the upgraded Tiago and Tigor iCNG but also launching the brand new Punch iCNG with this revolutionary technology. The twin-cylinder technology that debuted withthe Altroz iCNG in May this year, has received an astounding response for the disruption it has created in the segment – enabling CNG vehicles to provide their customers with a non-compromised boot space, best-in-class features and a superior drive experience. Commenting on the launch, Mr. Vinay Pant, Head-Marketing, Tata Motors Passenger Vehicles Ltd., said:“Building further on our success with the Altroz...

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4Aug By editor3No Comments

Automobile News

BMW Motorrad Launches New Colours for Its BMW G 310 Motorcycle Range

Gurugram,August 04, 2023. BMW Motorrad has announced the launch of new colours for its BMW G 310 motorcycle range which can be booked across all BMW Motorrad dealerships. The BMW G 310 R.The BMW G 310 R is quick and agile in the city, confident and powerful on the open road – as a result, the lively, purposeful dynamic roadster has delighted many customers all over the world, especially newcomers. It is now available in new Style Sport and Style Passion colour schemes. The Style Sport paintwork in Racing Blue Metallic/ Polar White is captivating and not only turns heads but also reflects its relentless drive to conquer the road. The striking paintwork accentuates its aggressive stance, making every ride feel like a thrilling adventure. The Style Passion with its Granite Grey Metallic pa...

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3Aug By editor3No Comments

Automobile News, Business News

Toyota Kirloskar Motor Unveils the All-New Vellfire in India

Bangalore, 3rd Aug 2023. Toyota Kirloskar Motor (TKM) today launched the highly anticipated All-New Vellfire, a luxurious self-charging strong hybrid electric masterpiece that redefines the essence of comfort, sophistication, and performance in the Indian automotive landscape. The All-New Vellfire offers excellent comfort and refined mobility, commanding force and dynamic prowess that elevates the driving experience to extraordinary heights. Crafted with seamlessly intuitive technology and thoughtful amenities, the vehicle embodiesconvenience and opulence into every journey. While the All-New Vellfire delivers a powerful performance, it also ensures low fuel consumption and carbon footprints. Vellfire being a strong hybrid electric vehicle (SHEV), studies have shown that SHEVs can ru...

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2Aug By editor3No Comments

Automobile News, Business News, Feature

HERO MOTOCORP ANNOUNCES NEW PRICES OF HARLEY-DAVIDSON X440

New Delhi, August 02, 2023 Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters,  today announced the new pricing of the Harley-Davidson X440. The Harley-Davidson X440 will now start from INR 2,39,500 onwards (Ex-showroom, Delhi). This price increase of INR 10,500 will apply to all the variants. Harley-Davidson X440 will be available at current  introductory price of INR 2,29,000,  till 3rd August 2023. Customers can book their motorcycle online, by visiting  www.harley-davidsonX440.com with a booking amount of INR 5000/-. Mr. Niranjan Gupta, Chief Executive Officer (CEO), Hero MotoCorp, said,“Since the time of its launch, Harley-Davidson X440 has created a significant excitement in the industry.  We had launched this at an i...

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2Aug By editor3No Comments

Automobile News, Business News

Tata Motors registered total sales of 80,633 units in July 2023

New Delhi, August 2023. Tata Motors Limited sales in the domestic & international market for July 2023 stood at 80,633 vehicles, compared to 81,790 units during July 2022. Domestic Sales Performance: CategoryJuly 2023 July 2022% change(Y-o-Y)Total Domestic Sales78,84478,9780% Commercial Vehicles: CategoryJuly 2023 July 2022Growth(Y-o-Y)HCV Trucks8502747314%ILMCV Trucks48995524-11%Passenger Carriers4292345424%SCV cargo and pickup1352315022-10%CV Domestic3121631473-1%CV IB17282681-36%Total CV3294434154-4% Domestic sale of MH&ICV in July 2023, including trucks and buses, stood at 13,291 units, compared to 12,012 units in July 2022. Total sales for MH&ICV Domestic & International Business in July 2023, including trucks and buses, stood at 13,830 u...

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1Aug By editor3No Comments

Automobile News

Honda Cars India begins production of its mid-size SUV Honda Elevate

New Delhi, August 2023. Honda Cars India Ltd. (HCIL), a leading manufacturer of premium cars in India,  started the production of its new mid-size SUV, Honda Elevate. The production roll-out of the car at the company’s state-of-the-art manufacturing facility in Tapukara, Rajasthan marked India as the first country to produce this global SUV. Reaffirming Honda’s commitment to making in India, the Elevate has a localization of more than 90%. The launch of the all-new Honda Elevate is scheduled in September 2023 along with start of deliveries. The company has already commenced the pre-launch bookings of the Elevate.     Speaking on the occasion, Mr Takuya Tsumura, President & CEO, Honda Cars India Ltd. said “Today is a significant milestone in our SUV end...

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1Aug By editor3No Comments

Automobile News, Sports News

BMW Motorrad India announces fourth edition of the Indian National Qualifier for International GS Trophy 2024

Gurugram, August 01, 2023. The BMW Motorrad International GS Trophy 2022 Indian Regional Qualifier rounds will be held in Bengaluru (1st Oct), Mumbai (15th Oct) and Delhi (5th Nov). The winners of the qualification rounds will fight for the place in 'Team India' at the National Finals. All male and female BMW GS Motorcycle owners in India are eligible to compete in the Indian National Qualifier. The details of the National finals will be announced later. Participants are required to perform multiple tasks such as off-road rides and technical tests on their own BMW GS motorcycles. The winners will be based on flawless execution and highest scores across all tasks. The National finals will further test the regional winners mettle on BMW R 1250 GS provided by BMW Motorrad India. The ...

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31Jul By editor3No Comments

Automobile News, Business News

Maruti net profit surges over 2-fold to Rs 2,525 cr in Q1 on robust sales, improved realisation

Jaipur, July 31, 2023. Maruti Suzuki India (MSI) on Monday said its consolidated net profit surged over two-fold to Rs 2,525 crore for the first quarter ended on June 30, 2023, riding on the back of robust sales, improved realisation, cost reduction efforts and higher non-operating income. The country's largest carmaker reported a net profit of Rs 1,036 crore in the same period of 2022-23. Total revenue from operations increased to Rs 32,338 crore in the April-June quarter from Rs 26,512 crore in the year-ago period, according to an exchange filing by the company.

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28Jul By editor3No Comments

Automobile News, Business News, Feature, National News

HERO MOTOCORP RECEIVES AN OVER WHELMING RESPONSE FOR HARLEY-DAVIDSON X440

New Delhi, July 28, 2023 Harley-Davidson X440, the first co-developed premium motorcycle of Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters and iconic American motorcycle-maker Harley-Davidson has received highly positive response in customer bookings, since its launch on July 3rd, 2023. The company will close the online booking window on August 3rd 2023, as the test rides at national scale for the pre-booked customers will begin from September 1st 2023 onwards. Hero MotoCorp will start the production of the Harley-Davidson X440 in September at the company’s Garden Factory at Neemrana, in the northern Indian state of Rajasthan, and commence customer deliveries from October 2023. Deliveries to customers will be made on a prioritised basis as per booking dat...

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28Jul By editor3No Comments

Automobile News, Feature

Bengaluru’s public transportation to add a new dimension; BMTC to induct advanced electric buses

Bengaluru, July, 2023. The citizens of Bengaluru will now have smarter, safer and a greener public transportation. A prototype of the Tata Motors’ smart electric bus was flagged off today, by Shri Ramalinga Reddy, Hon’ble Minister of Transport, Government of Karnataka, Dr. N. V. Prasad, IAS, Secretary to Government, Transport Department and Ms. G Sathyavathi, IAS, Managing Director, Bengaluru Metropolitan Transport Corporation (BMTC) along with delegates from Government of Karnataka, BMTC and Tata Motors. As part of the larger order signed between TML Smart City Mobility Solutions Ltd., a fully owned subsidiary of Tata Motors, and BMTC, the company will supply, operate and maintain 921 units of state-of-the-art 12-metre low-floor electric buses for a period 12 y...

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25Jul By editor3No Comments

Automobile News, Business News, Feature

Tata Motors Q1 Results: Auto major posts Rs 3,203 cr profit on JLR push; revenue jumps 42%

New Delhi, July 25, 2023. Tata Motors Ltd. (TML) announced its results for quarter ending June 30, 2023.   Consolidated(₹ Cr Ind AS)Jaguar Land Rover(£m, IFRS)Tata Commercial Vehicles(₹Cr, Ind AS)Tata Passenger Vehicles(₹ Cr, Ind AS)FY24Vs. PYFY24Vs. PYFY24Vs. PYFY24Vs. PYQ1 FY24Revenue102,23642.1 %6,90357.0 %16,9914.4%   12,83911.1%   EBITDA (%)14.4700 bps16.3960 bps9.4390 bps5.3(80) bpsEBIT (%)8.1880 bps8.61,300 bps6.5 370 bps1.010 bpsPBT (bei)5,330₹10,292 crs435£959m937₹635 crs186₹172 crs Tata Motors Consolidated: TML continued its strong performance in Q1 FY24 with Revenues at ₹102.2K Cr (up 42% yoy), EBITDA at ₹14.7K Cr (up 177% yoy) and EBIT of ₹8.3KCr (higher by ₹8.8KCr), all showing a sharp improvement driven by JLR and CV bu...

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24Jul By editor3No Comments

Automobile News, Business News, Feature

JLR India achieves highest ever Q1 sales with 102% YoY growth

Mumbai, 24th July 2023. JLR India today reported its best ever Q1 sales performance with a growth of 102%, retailing a total of 1048 units, in the first quarter of FY24 compared to the same period last year. This performance was enabled bya phenomenal growth of 209% in Range Rover, Range Rover Sport and Defender sales. The three models continue to see sustained demand, contributing 78% of the current order book. Mr. Rajan Amba, Managing Director, JLR India, said, “JLR India has delivered record sales in Q1 FY24 with our volumes doubling as compared to that in Q1 FY23. This performance is testament to the exceptional equity of the JLR brands and our class-leading collection of modern luxury vehicles. Backed by the growing demand among our discerning clients, our order book remains str...

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24Jul By editor3No Comments

Automobile News, Business News, Feature

Tata Motors inaugurates state-of-the-art registered vehicle scrapping facility in Bhubaneswar

Bhubaneswar, July, 2023. Tata Motors, India’s leading automobile manufacturer, continues its commitment to sustainable mobility with the launch of its second Registered Vehicle Scrapping Facility (RVSF) in Bhubaneswar, Odisha. Named ‘Re.Wi.Re - Recycle with Respect’, this advanced facility was inaugurated by Smt Tukuni Sahu, Hon'ble Minister of Water Resources, Commerce & Transport, Government of Odisha. The event was graced by delegates from the Odisha Government and Tata Motors. The state-of-the-art facility uses environmentally friendly processes and has the capacity to disassemble 10,000 end-of-life vehicles safely and sustainably each year. The RVSF is developed and operated by Tata Motors’ partner Empreo Premium to scrap end-of-life passenger and commercial vehicles of all bra...

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