The Indian Auto Component Inc.’s cumulative growth in the last five years has touched 4.1 percent, with the rate of growth (5.7%) in exports being double that of imports, thereby helping reduce the trade deficit, which, in FY19 was pegged at US$ 2.5 billion. However, with the aggressive push of global automakers to de-risk their… Continue reading India poised to become a global hub for automotive component manufacturing
Author: Autocar_Professional India Online News
Tata Motors partners with South Indian Bank to offer an exclusive financing programme for authorised passenger EV dealers
Tata Motors has joined hands with South Indian Bank, to extend an exclusive Electric Vehicle Dealer Financing Program and offer comprehensive retail financing solutions to all customers. The MoU for this partnership was signed by Ramesh Dorairajan, Senior General Manager – Network Management and EV Sales, Tata Motors Passenger Vehicles and Praveen Joy, Head, Transaction… Continue reading Tata Motors partners with South Indian Bank to offer an exclusive financing programme for authorised passenger EV dealers
RAMP Global and IIISLA to digitise automotive insurance claim reporting and management in India
RAMP Global and the Indian Institute of Insurance Surveyors & Loss Assessors (IIISLA), promoted by IRDAI, have signed an exclusive agreement on automotive insurance claims. This strategic collaboration will transform the national landscape of insurance claims processing by implementing RAMP’s pioneering cloud-based technology into IIISLA’s operations. Ramp Global is a digital platform providing garage management software and other softwares to digitally transform… Continue reading RAMP Global and IIISLA to digitise automotive insurance claim reporting and management in India
MG Motor India and Prestige Group join hands to strengthen Community EV charging infrastructure in Bengaluru
MG Motor India has collaborated with real estate developer Prestige Group, to set up 100 EV chargers across all the real estate developer’s properties in Bengaluru. MG Motor India aims to boost sustainable mobility by introducing MG Comet EV and MG ZSEV to Prestige Group, where the real estate firm’s management and employees will utilise… Continue reading MG Motor India and Prestige Group join hands to strengthen Community EV charging infrastructure in Bengaluru
Auto retails up 10% YoY in July, all segments log YoY growth but three-wheelers shine
The real-world, retail sales numbers for India Auto Inc are out and they look to be a mixed bag. The good news is that overall sales of five vehicle segments at 17.70 million units are up 10% on July 2022’s 16.09 million units. The not-so-good news is that this number is down 5% on June… Continue reading Auto retails up 10% YoY in July, all segments log YoY growth but three-wheelers shine
India’s component industry records best-ever turnover of Rs 560,000 crore, grows 33% in FY2023
If additional proof was required about just how strongly India Auto Inc is performing, then it has come from the Automotive Component Manufacturers Association of India (ACMA) today. The apex body representing India auto component manufacturing industry announced the findings of its Industry Performance Review for FY2023 and the numbers are very good. India Auto… Continue reading India’s component industry records best-ever turnover of Rs 560,000 crore, grows 33% in FY2023
Maruti Suzuki No. 1 SUV maker in July, Nexa sales outpace Hyundai to take No. 2 PV rank
Maruti Suzuki India, the country’s largest car maker, has overtaken Mahindra & Mahindra to become the largest SUV maker in terms of volumes in July 2023. In the process, its premium sales channel Nexa has wrested No. 2 position from Hyundai Motor India in terms of total automotive sales for an OEM brand. In July… Continue reading Maruti Suzuki No. 1 SUV maker in July, Nexa sales outpace Hyundai to take No. 2 PV rank
Webasto integrates sensors into panoramic sunroof for autonomous mobility
Reliably monitoring the surroundings, recognising obstacles and hazards in a wide range of weather conditions, ensuring that all road users and passers-by are safe in all situations – the utilisation of sensor technologies makes autonomous driving possible in the first place. The car roof – the highest point of the vehicle – provides the ideal… Continue reading Webasto integrates sensors into panoramic sunroof for autonomous mobility
Audi India opens its 24th pre-owned car showroom in Noida
Luxury car maker Audi India has opened a new pre-owned car facility, Audi Approved: plus in Noida, Uttar Pradesh. This new facility is the 24th Audi Approved: plus facility in India. Speaking at the inauguration, Balbir Singh Dhillon, Head of Audi India said, “Audi Approved plus has grown by 53% in the first half of 2023 and we are confident of… Continue reading Audi India opens its 24th pre-owned car showroom in Noida
Successful launch of Grand Vitara and Invicto has proven Maruti Suzuki can sell high priced vehicles, says MD Hisashi Takeuchi
The successful launch of the Grand Vitara and Invicto has proved Maruti Suzuki’s ability to establish a brand in the high price segment, says Hishahi Takeuchi, MD of Maruti Suzuki, and he is confident of grabbing the number one SUV position in the country in FY24. Addressing shareholders in the company’s 42nd Annual Report Takeuchi… Continue reading Successful launch of Grand Vitara and Invicto has proven Maruti Suzuki can sell high priced vehicles, says MD Hisashi Takeuchi