Automobile News

29Apr By editor3No Comments

Automobile News, Business News, Feature, National News

Tata Motors signs MoU with South Indian Bank for seamless commercial vehicle financing

Mumbai, 29thApril 2024. Tata Motors, India's largest commercial vehicle manufacturer, has signed a Memorandum of Understanding (MoU) with South Indian Bank to offer convenient financing solutions to its commercial vehicle customers and dealerships. South Indian Bank will offer financing across the entire commercial vehicle portfolio, and customers will benefit from the bank's wide network and specially curated easy repayment plans. The alliance represents a significant stride towards providing enhanced support to dealerships, fostering growth, minimising collateral requirements, lowering rate of interest and streamlining credit processing. Speaking on the development, Mr. P R Seshadri, MD & CEO, South Indian Bank, "At South Indian Bank, we are dedicated to fostering a secure, agi...

Read More

26Apr By editor3No Comments

Automobile News, Business News, Feature, National News

Toyota Kirloskar Motor Unveils“TGLOSS”: A Comprehensive Car Detailing Solution

Bangalore, 26, April 2024. In line with its ‘customer-first’ philosophy, Toyota Kirloskar Motor Pvt. Ltd. (TKM) today announced the launch of its revolutionary car care brand, “TGLOSS”, marking the brand's foray into the world of car detailing. In response to the rapidly increasing demand for high quality and reliable car detailing services among customers in India, TKM is set to redefine the car care industry with its comprehensive range of solutions tailored specifically for Toyota vehicles. Starting May 1, 2024, “TGLOSS” treatments will be offered at every authorised Toyota dealership in India. This provides customers with convenient access to quality car care solutions delivered in a highly professional manner, ensuring a delightful ownership experience. As an industry first b...

Read More

26Apr By editor3No Comments

Automobile News, Business News, Feature

Tata Motors inaugurates new commercial vehicle spare parts warehouse in Guwahati

Guwahati 26 April 2024. Tata Motors, India’s largest commercial vehicle manufacturer, today announced the inauguration of a new commercial vehicle spare parts warehouse in Guwahati. The state-of-the-art facility is fully digitalised and spans across 1 lakh square feet, stocking spare parts for the entire commercial vehicle portfolio. The addition of the new facility will enable the company faster turnaround times and easier availability of spares at Tata Authorised Service Stations in the North East.  Equipped with world-class infrastructure and safety measures, the facility will unlock greater customer value proposition through digitalised warehouse processes. Tata Motors has partnered with Delhivery, India's largest fully integrated logistics services provider, to leverage its...

Read More

26Apr By editor3No Comments

Automobile News, Business News, Feature, National News

Mahindra achieves tractor sales milestone of 40 lakh units

New Delhi, April 26, 2024. The world's largest tractor manufacturer by volume, Mahindra Tractors, has achieved the cumulative sales milestone of 40 lakh units, including domestic sales and exports. The milestone unit model, a Yuvo Tech Plus, was rolled out from Mahindra's Zaheerabad plant, which is the company's youngest tractor facility and a global production hub for Mahindra tractors. Mahindra launched its maiden tractor in 1963 in partnership with the USA-based International Harvester. The Indian company surpassed 10 lakh tractor sales in 2004, 20 lakh in 2013, 30 lakh in 2019 and 40 lakh in 2024. Mahindra became the world's highest-selling farm tractor manufacturer by volume in 2009.

Read More

26Apr By editor3No Comments

Automobile News, Business News, Feature

Jeep Wrangler facelift launched in India, priced from Rs 67.65 lakh

New Delhi, April 26, 2024. Jeep has finally launched the updated Wrangler in India. It comes in two variants; Unlimited and Rubicon, priced at Rs 67.65 lakh and Rs 71.65 lakh (ex-showroom), respectively. Jeep claims to have already received over 100 pre-bookings. Deliveries of the 2024 Wrangler are slated to begin by the middle of May this year. There have been a number of subtle updates and changes to the latest iteration of the Wrangler in India. As far as price is concerned, both variants of the Wrangler facelift are now Rs 5 lakh more expensive than the outgoing model. On the outside, the most noticeable change to the Unlimited variant is the blacked-out front grille and 18-inch alloy wheels. The Rubicon also gets an all-black front grille but sports new 17-inch alloy wheels. Jee...

Read More

25Apr By editor3No Comments

Automobile News, Feature, National News

Tata Motors Accelerates Innovation: Record 222 Patents Filed and 333 Grants Secured in FY24

Jaipur, April 25, 2024.  Tata Motors, India’s leading automobile company, has yet again achieved a significant milestonetowards intellectual property rights(IPR) creation with a record-breaking number of 222 Patents and 117 Designs applications filed during the year FY24, highest in its history. These filings span across a wide spectrum of product and process innovations, addressing key automotive megatrends such as Connectivity, Electrification, Sustainability, and Safety (CESS). They also cover various vehicle systems such as powertrain, body & trim, suspension, brakes, HVAC, and emission control.Tata Motorsalso received its highest ever grant of 333 patents during the same period, taking its total tally of granted patents to over 850. Tata Motors’ strong commitment to eng...

Read More

25Apr By editor3No Comments

Automobile News, Business News, Feature, National News

Audi India announces price revision effective June 01, 2024

Mumbai,April25, 2024. Audi, the German luxury car manufacturer, today announced a price increase of up to 2% across its model range due to rising input and transportation costs. The price hike will be effective from June 01, 2024. Mr. Balbir Singh Dhillon, Head of Audi India said,“Rising inputs costs are compelling us to increase prices by upto 2% effective June 01, 2024. The price correction aims to ensure sustainable growth for Audi India and our Dealer partners. As always, its  our endavour that the impact of rising costs is as minimal as possible for our customers.” Audi India retailed 7,027 units in FY23/24 posting an overall 33% growth.Audi Approved: plus the pre-owned car business also grew at 50% in FY23/24.

Read More

25Apr By editor3No Comments

Automobile News, Business News, Feature

BMW i5 M60 electric sedan launched in India, priced at Rs 1.20 crore

New Delhi, April 25, 2024. BMW India has launched the i5 electric sedan in India. The first ever electric 5 Series counterpart - the i5 is making its debut in India as the i5 M60 xDrive, which is a BMW M Performance model. Available as a single trim, the BMW i5 M60 xDrive is priced at Rs 1.20 crore (ex-showroom) and is being brought to India as a full-import CBU. The BMW i5 shares its exterior body very closely with the regular 5 Series. However being an EV and that too the M Performance variant, the i5 M60 has a sportier look compared to the regular i5/5 Series. The kidney grille element is still present, but it has a glossy-black blanked off panel, which is surrounded by LED illumination. The headlamps have a sweeping design with crescent shaped LED signature lamps. The M60 gets la...

Read More

25Apr By editor3No Comments

Automobile News, Business News

50 years of Swaraj: Company unveils limited edition tractor variants, new CSR program

New Delhi, April 25, 2024. Leading tractor manufacturer, Swaraj Tractors, celebrated its 50th anniversary earlier this week by unveiling limited edition variants for its XM, XT and FE range of tractors. The Mahindra Group firm also announced its new CSR program, Skilling 5000. The first tractor to roll out of the Swaraj plant in Mohali, Punjab, was the Swaraj 724 (26.5hp) on April 14, 1974. In 2007, Mahindra acquired Swaraj's parent, Punjab Tractors Ltd, and created Swaraj Division. Swaraj crossed sales of 20,00,000 units in 2022.

Read More

25Apr By editor3No Comments

Automobile News, Business News, Feature, National News

Mercedes-Benz G-Class electric makes global debut

Jaipur, April 25, 2024. The Mercedes-Benz G 580 with EQ Technology has finally made its debut. This is the full name given to the electric G, which will make its public debut in China. The G 580 is expected to be launched in India alongside the facelifted G-Class as part of Mercedes-Benz India's product offensive. What the engineers had set in their minds was that the G 580 will outperform its combustion engined G when driving off the road. Unlike the other electric cars from Mercedes-Benz which have the EQ prefix, like the EQC, EQB, EQS the electric G is the only one which gets a completely different name. This also tells just how important of a model the G 580 with EQ Technology is.

Read More

25Apr By editor3No Comments

Automobile News, Business News

Ultraviolette F77 Mach 2 e-bike launched at ₹2.99 lakh

Jaipur, April 25, 2024. Ultraviolette Automotive has today launched the electric sport bike F77 Mach 2 in the Indian market. The Mach 2 is an updated version of the F77, which was launched in late 2022. Bengaluru based EV startup company has introduced it in India with some cosmetic changes. This includes better range, new technology, more power and features. The company claims that it can run up to 323km on full charge. Mach 2 has been launched in the market with two variants (Standard and Recon) and 9 color options. The standard variant has been priced at Rs 2.99 and the Recon at Rs 3.99 lakh (both prices ex-showroom, Bengaluru). These are introductory prices, available only for the first 1000 customers.

Read More

24Apr By editor3No Comments

Automobile News, Business News, Feature, National News

Tata Passenger Electric Mobility signs an MOU with Verteloto accelerate e-mobility in India

Mumbai, 24th April 2024. Tata Passenger Electric Mobility Ltd. (TPEM), a subsidiary of Tata Motors Ltd., known for pioneering India's electric vehicle (EV) revolution, has signed a non-binding Memorandum of Understanding with Vertelo, a Macquarie managed integrated fleet electrification platform, for the delivery of 2,000 XPRES-T EVs. This partnership aims to bolster the plans to accelerate India’s transition to sustainable e-mobility. The company will begin deliveries of the cars to Vertelo in a phased manner. Speaking on the partnership, Mr. Vivek Srivatsa, Chief Commercial Officer, Tata Passenger Electric Mobility Ltd. said, “As market leaders of passenger EVs in India, we are committed to the uptake of sustainable mobility in the country. We are delighted to partner with Verteloi...

Read More

24Apr By editor3No Comments

Automobile News, Feature

Tesla’s India investment in doubt over plans to utilise existing factories: Report

New Delhi, April 24, 2024. Tesla's plans for investment in India to build its factory might get delayed as the US-based EV manufacturer announced its plans to focus on utilising its existing factories to produce new, more affordable vehicles by late this year, reported news agency Reuters. The leading electric vehicle (EV) manufacturer aims to increase production by 50% from 2023 to nearly 3 million vehicles without investing in new manufacturing lines immediately. This move, according to Tesla, may result in achieving less cost reduction than previously anticipated but allows the company to grow its vehicle volumes in a more cost-efficient manner during uncertain times.

Read More

22Apr By editor3No Comments

Automobile News, Business News

Toyota Kirloskar Motor Announces the Launch of Fortuner LEADER EDITION

Bangalore,22nd April 2024.  The Toyota Fortuner needs no introduction, and to celebrate the success of this most admired SUV, Toyota Kirloskar Motor (TKM) today launched the LEADER EDITION of the Fortuner in the India market. Building upon its renowned features, Fortuner LEADER EDITION brings distinctive design with many add-on features. The Fortuner LEADER EDITION stands out with its commanding presence, accentuated by varied style elements. Featuring a dynamic front and rear bumper spoiler, this vehicle exudes an aura of boldness and sophistication, reflecting the true essence of leadership. One of the key highlights of the Fortuner LEADER EDITION is its prominent dual-tone exterior, available in a palette of ‘black, white, and clarity’. This unique combination not only enhanc...

Read More

22Apr By editor3No Comments

Automobile News, Business News, Feature, National News

Tata Motors celebrates 4 lakh happy customers of the Magic; introduces first-in-its-segment, Magic Bi-Fuel

Mumbai, 22 April 2024.  Tata Motors, India’s largest commercial vehicle manufacturer, celebrates the remarkable milestone of 4 lakh happy customers of the Tata Magic – India’s most preferred van. On the momentous occasion, the company has introduced a new variant, the Magic Bi-Fuel, to further increase the convenience of its customers. Renowned for its reliability, efficiency and affordability in the last-mile transportation, the 10-seater Tata Magic has been the ideal choice of commuters and operators. The sleek design, safety and passenger comfort of the Tata Magic have been pivotal to its continued successes over the years. The Tata Magic comes equipped with an array of value-added features such as an Eco switch, gearshift advisor and enhanced driver ergonomics, all aimed at ...

Read More

22Apr By editor3No Comments

Automobile News, Feature

EV market share to reach 10% by 2025

Jaipur, April 22, 2024. The market of electric cars in the country will change completely in two years, because the prices of both battery and chip have started falling. The cost of one kilowatt power (kWh) battery was $130 (₹10,850) in 2021, which has come down to $100 (₹8,350) in 2023. Currently, there are EVs in the market with batteries ranging from 17 to 108 kWh. 70% of the cost of an EV is the battery. According to this, the price of EV worth Rs 10 lakh will be Rs 8.60 lakh. Second, manufacturing of semiconductor chips in the country will further reduce the cost by 10%. In this case the price will be around Rs 7 lakh.

Read More

22Apr By editor3No Comments

Automobile News, Business News

Bajaj Auto big bike space for Rs 15,000 crore Pulsar brand with new 400 model

New Delhi, April 2024. With the launch of the new Pulsar NS400 on May 3, Bajaj Auto is looking to expand the Rs 15,000 crore Pulsar brand into the big bike space, according to a senior company official. Since its inception, the Bajaj Pulsar brand has generated almost Rs 15,000 crore in revenue from the domestic and export markets. Currently, it is sold in different avatars, starting with its presence in the 125cc segment and going all the way up to the 250cc segment.

Read More

18Apr By editor3No Comments

Automobile News, Business News, Feature

India’s First Long-Haul Electric AC Seater + Sleeper Bus Service launched by NueGo

Hyderabad, April 18 2024. NueGo, a pioneer in sustainable mass mobility, is set to revolutionise the long-distance travel journey with the launch of India's first intercity electric bus service. This is a significant step towards decarbonization and creating a more sustainable public transportation ecosystem in India. There is growing adoption of electric buses amongst consumers, as they produce zero tail pipe emissions and reduce air pollution. NueGo has deployed multiple seater + sleeper buses on its major routes across India such as Bengaluru - Chennai, Bengaluru - Coimbatore, Vijaywada - Vizag, Delhi – Jaipur,  Delhi - Amritsar. NueGo is planning to expand its operations by launching new routes and build charging infrastructure to ensure smooth on-road operations. NueGo is a...

Read More

17Apr By editor3No Comments

Automobile News, Business News, Feature, National News

BNC Motors Launches First Distributor Showroom in Jaipur, Rajasthan, Marking its Foray into North India

Jaipur, April 2024.  BNC Motors, a leading electric two-wheeler manufacturing company, has announced the opening of its Distributorship & dealership showroom in the vibrant city of Jaipur, Rajasthan. This marks the company's entry into North India and Rajasthan for the first time, with the strategic vision to provide top-quality, rugged, and in-house designed electric vehicles for the residents of the Rajasthan State. With a projected monthly turnover of approximately 1 crore rupees, this showroom, spanning 3000 square feet and conveniently located on TonkRoad at Morani Complex, will be operated by Lakshya Morani. The grand opening ceremony, held on the 17th of April, witnessed the presence of esteemed guests, includingMr. Vinoth, Co-founder and CTO of BNC Motors, who graced...

Read More

16Apr By editor3No Comments

Automobile News, Business News, Feature

Toyota Kirloskar Motor Introduces New Innova HyCross Petrol GX (O) Grade

Bengaluru, April 2024.  In line with its ‘customer-first’ culture and responding to their requirements, Toyota Kirloskar Motor (TKM) today announced theintroduction of a new grade in the Innova HyCross the GX (O) petrol variant. The latest addition to the Innova HyCross line-up, boasts of over 10 advanced comfort and technology features thus raising the bar of the value proposition for customers who are seeking for more. Bookings of the Innova HyCross the GX (O) grade is already open with deliveries expected to commence from April 15, 2024. Key highlights of Innova HyCross petrol GX (O) petrol variant are as follows: Reenergised Exterior - Front LED Fog lamps, Front & Rear Parking sensors, Rear Defogger Superior Comfort – Chestnut Themed Interiors, Soft touc...

Read More

12Apr By editor3No Comments

Automobile News, Business News

MG Hector Blackstorm Edition launched at ₹21.25 lakh

Jaipur, April 12, 2024. MG Motor India launched the Blackstorm Edition of its flagship SUV Hector in India. The Blackstorm Edition is based on the Sharp Pro variant below the top model of Hector and Hector Plus and will be available in 5, 6 and 7 seat configurations. More than 75 connected features have been provided in the car. It has a digital Bluetooth key, which the user can share. The special edition SUV gets some cosmetic upgrades over the standard model, including an all-black shade, red inserts on the exterior and an all-black cabin. Its prices start at Rs 21.25 lakh for the petrol-CVT variant, going up to Rs 22.76 lakh for the diesel-MT 6-seater variant (both prices ex-showroom). Hector Blackstorm is the third Blackstorm edition of the company after Gloster and Astor. Cus...

Read More

12Apr By editor3No Comments

Automobile News, Business News

Tata Passenger Electric Mobility and Shellpartner to deliver superior EV charging experiences across India

Mumbai, April 2024. Tata Passenger Electric Mobility Ltd. (TPEM), known for pioneering India's electric vehicle (EV) revolution, has signed a non-binding Memorandum of Understanding with Shell India Markets Private Limited (SIMPL) to collaborate in establishing public charging stations across India.The collaboration will leverage Shell's widespread fuel station network and TPEM's insights from over 1.4 lakh Tata EVs on Indian roads to set up chargers at locations frequently visited by Tata EV owners. Additionally, both companies will work towards delivering superior charging experiences. To improve the experience of EV owners across India, this agreement between TPEM and Shell India Markets Private Limited (SIMPL) aims to explore synergies between the two companies to encourage more ...

Read More

11Apr By editor3No Comments

Automobile News, Business News

Mercedes-Benz India reports best-ever retail sales in FY24

New Delhi, April 11, 2024. German luxury carmaker Mercedes-Benz on Thursday reported its highest-ever retail sales in a financial year in India in 2023-24, driven by strong demand for its SUV range. The company sold 18,123 units last fiscal, a growth of 10 per cent over 16,497 units in the 2022-23 fiscal. "We achieved the best-ever month, highest-ever quarter and best-ever fiscal in India. This trust reflects in the unmatched desirability for Mercedes-Benz in India, resulting in an overwhelming customer response," Mercedes-Benz India MD and CEO Santosh Iyer said in a statement.

Read More