Samvardhana Motherson International Limited (SAMIL), through its subsidiary SMRP BV, has launched a series of cost optimisation measures in Central and Western Europe. This move is aimed at enhancing operational efficiency in response to an increasingly complex and volatile global automotive production environment. The company has undertaken 23 acquisitions since 2020, investing substantially across global… Continue reading Samvardhana Motherson Initiates Cost Optimisation Drive in Europe
Author: Autocar_Professional India Online News
Maruti Nexa sales cross 500,000 for second fiscal in a row, 6 of 8 models see decline in FY2025
Nexa, Maruti Suzuki India’s premium passenger vehicle brand, has surpassed half-a-million sales for the second fiscal year running. In FY2025, the eight Nexa-branded models sold a total of 543,050 units, down 3% year on year (FY2024: 561,050 units). The Nexa share of Maruti Suzuki’s overall passenger vehicle sales of 17,60,767 units dipped marginally to 31%… Continue reading Maruti Nexa sales cross 500,000 for second fiscal in a row, 6 of 8 models see decline in FY2025
Nexa models sell 3.1 million units in 10 years, take 31% share of Maruti Suzuki sales in FY2025
Nexa, Maruti Suzuki India’s premium sales channel, which was launched on July 23, 2015, has till end-FY2025 sold a total of 3.12 million passenger vehicles, contributing 20% to Maruti Suzuki’s total passenger vehicle wholesales of 15 million units in the domestic market. Ten years after Maruti Suzuki kicked off its Nexa initiative, the premium sales… Continue reading Nexa models sell 3.1 million units in 10 years, take 31% share of Maruti Suzuki sales in FY2025
Global Trade Tensions Are Temporary, Businesses Will Find New Normal: Mercedes-Benz India
Amid rising global trade tensions and tariff stand-offs between major economies, Mercedes-Benz India remains cautiously optimistic that businesses will adapt and stabilise over time. Speaking on the current geopolitical climate and its potential impact on global trade, Santosh Iyer, Managing Director and Chief Executive Officer of Mercedes-Benz India, emphasised that the current uncertainty is not… Continue reading Global Trade Tensions Are Temporary, Businesses Will Find New Normal: Mercedes-Benz India
India’s Luxury Car Market Leads EV Adoption, Outpacing Mass Segment: Mercedes-Benz India
The adoption of electric vehicles in India’s luxury car segment is accelerating faster than in the mass-market passenger vehicle space, with EV penetration reaching as high as 10–12% of total sales for some premium brands, according to Mercedes-Benz India. With the entry of new automakers and the launch of additional EV models in the luxury… Continue reading India’s Luxury Car Market Leads EV Adoption, Outpacing Mass Segment: Mercedes-Benz India
Tunwal E-Motors Partners With Bajaj Finance for Customer Loans
Tunwal E-Motors Limited (NSE: TUNWAL) has signed a standard merchant agreement with Bajaj Finance Limited that will allow customers to finance their electric two-wheeler purchases. The agreement was executed on April 10, 2025, according to a regulatory filing submitted to the National Stock Exchange of India. Under the arrangement, Tunwal becomes an authorized merchant within… Continue reading Tunwal E-Motors Partners With Bajaj Finance for Customer Loans
Tunwal E-Motors Partners With Bajaj Finance for Customer Loans
Tunwal E-Motors Limited (NSE: TUNWAL) has signed a standard merchant agreement with Bajaj Finance Limited that will allow customers to finance their electric two-wheeler purchases. The agreement was executed on April 10, 2025, according to a regulatory filing submitted to the National Stock Exchange of India. Under the arrangement, Tunwal becomes an authorized merchant within… Continue reading Tunwal E-Motors Partners With Bajaj Finance for Customer Loans
Sundaram Finance Holdings to Acquire 24.16% Stake in Axles India for ₹182.68 Crore
In a significant move to strengthen its position in the automotive components sector, Sundaram Finance Holdings Limited (SFHL) announced today that its Board of Directors has approved the acquisition of a 24.16% stake in Axles India Limited from foreign promoter Dana Global Products Inc. According to the regulatory filing with the National Stock Exchange of… Continue reading Sundaram Finance Holdings to Acquire 24.16% Stake in Axles India for ₹182.68 Crore
Mercedes Benz Clocks Record FY25 Sales, Led By Top-End Models, EVs
Mercedes-Benz India has reported its highest-ever annual sales in FY25, delivering 18,928 new vehicles across the country, the company said in a press release on Thursday. The German luxury automaker attributed this milestone to strong demand for top-end luxury models, battery electric vehicle (BEV) portfolio, and a revamped retail strategy. In the March quarter, the… Continue reading Mercedes Benz Clocks Record FY25 Sales, Led By Top-End Models, EVs
GreenLine Secures $275 Million Investment to Deploy 10,000 Green Trucks Across India
GreenLine Mobility Solutions Ltd., an Essar venture and India’s only green logistics operator of LNG and electric-powered heavy commercial trucks, announced on April 10, 2025, a $275 million equity investment to accelerate the decarbonization of India’s heavy trucking sector. The funding includes a $20 million investment from entrepreneur Nikhil Kamath to support the company’s expansion… Continue reading GreenLine Secures $275 Million Investment to Deploy 10,000 Green Trucks Across India