Tag: Automotive industry
Affordable Used Cars Gaining Speed as New Car Prices Stall
Indian consumers are totally ditching the idea of buying brand new cars these days. The reason? Well, it all comes down to the rising prices of vehicles and the fact that their incomes are...
Challenges Ahead for Musk as Tesla Sales Drop in Europe
A decal on the hood of a Tesla electric car reads: “I bought this before Elon went crazy.” on April 29, 2025 in Berlin, Germany. Tesla sales plunged by more than half last month...
Marquardt Mechatronics Plant Opens in Talegaon
Marquardt Mechatronics Plant Opens in TalegaonMarquardt, a renowned mechatronics specialist, has recently inaugurated a cutting-edge facility in Talegaon, near Pune, as a part of its strategic expansion in India. This move signifies a notable...
Tesla Shifts Focus to D2C Model Ahead of EV Policy Roll-out
Tesla Prepares to Embrace Direct-to-Consumer Model in India Amid EV Policy ChangesAs the Indian government gears up to unveil its electric vehicle (EV) policy this April, the landscape for automobile manufacturers is set to...
Tesla officials visiting in April for India entry discussions
Tesla, the renowned electric vehicle manufacturer, is poised to make a significant entry into the Indian market with officials scheduled to visit the country in April. This visit will involve a thorough review of...
Samvardhana Motherson reports ₹879 cr net profit in Q3
In a recent update, Samvardhana Motherson International has announced a significant milestone, reporting a consolidated net profit of ₹879 crore for the third quarter ending on December 31, 2024. This impressive figure marks a...
Tesla Projects 2025 Auto Volume Growth Despite Missing Estimates
Tesla's Future Growth Amidst Mixed Financial ResultsDespite reporting lower than anticipated profits, Tesla's outlook for the year 2025 appears promising, with a focus on increased sales volume and advancements in autonomous driving technology. The...
TVS Motor Q3 Revenue Increases by 10% to Rs 9.1k Crore
TVS Motor, a leading name in the Indian automotive industry, has recently reported a significant increase in its revenue for the third quarter of the fiscal year. The company posted a commendable 8% rise...
Honda Cars India sees 20% spike in sales, domestic sales drop by 18% –...
Honda Cars India Ltd (HCIL) experienced a significant 20% increase in total sales in 2024, selling 1,31,871 units compared to 1,10,143 units the previous year. However, the domestic sales took a hit, dropping by...
JSW MG Motor India December Sales Surge by 55% to 7,516 Units
JSW MG Motor India Achieves Record Sales in December 2024JSW MG Motor India, a leading automotive company, has recently made headlines with their remarkable sales performance in December 2024. The company reported a staggering...
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Watch Out for e-PAN Card Scam: Beware of Fraudulent PAN 2.0...
Scammers are taking advantage of the excitement around the government's new PAN 2.0 initiative by sending out fake emails to deceive individuals. The PIB...
