Browsing: Market Updates

The Indian automotive industry has crossed Rs 20 lakh crore mark in FY24 and now contributes 14-15 per cent of the total GST collected in the country, Siam President Vinod Aggarwal said on Monday.

Volkswagen’s Skoda sees an opportunity to offer hybrid vehicles in India in order to broaden customer fuel options and reduce emissions

SUVs are now selling the most in India; hatchbacks are losing ground to these vehicles in terms of sales. Following this pattern, with sales of close to 20,000 units in August 2024, the Maruti Brezza soared to the top of the list.

JIDU Auto unveiled its all-new V2.0 software at an AI driving conference themed “Evolution: AI Reshaping Intelligent Driving” in Chengdu. The newly launched software will debut on the JIDU 07 model.

Ashok Leyland, the Indian flagship of the Hinduja Group and the country’s leading commercial vehicle manufacturer, unveiled its pioneering GARUD 15M bus chassis at Prawaas 4.0, organized by Bus & Car Operators Confederation of India).

Kubota Escorts, the renowned tractor manufacturer, has revealed an ambitious plan to establish a state-of-the-art greenfield manufacturing facility in Uttar Pradesh. This development marks a significant expansion of the company’s production capabilities, aligning with its future growth objectives.

Toyota Motor North America (TMNA) announced executive leadership changes as David Wilson, group vice president and president of TRD, U.S.A. (Toyota Racing Development), will retire on December 16 after 35 years with the organization. General Manager Tyler Gibbs will succeed Wilson as president of TRD, a subsidiary of Toyota Motor North America (TMNA).

Maruti Suzuki India Limited, India’s leading automobile manufacturing company, today commenced export of its ‘Made-in-India’ SUV Fronx to Japan. Fronx will be the first SUV from Maruti Suzuki to launch in Japan. The landmark milestone celebrates the spirit of ‘Make in India’ initiative and echoes national pride.

For nearly seven years, the teams have collaborated on research to make driving safer. The experiments automate a motorsports maneuver called “drifting,” where a driver precisely controls a vehicle’s direction after breaking traction by spinning the rear tires—a skill transferable to recovering from a slide on snow or ice. By adding a second car drifting in tandem, the teams have now more closely simulated dynamic conditions where cars must respond quickly to other vehicles, pedestrians, and cyclists.  

Wardwizard Innovations & Mobility Limited, one of the leading manufacturers of electric vehicles under the brands ‘Joy e-bike’ and ‘Joy e-rik’, today announced its financial results for Q1 of FY’25 (April-June 2024).