Autocar_Professional India Online News – Page 315

Maruti Nexa sales down 13% in Q1 FY2026, five of eight models see decline

If India’s passenger vehicle segment saw a decline of 1.37% in wholesales of 10,11,882 units in April-June 2025, it’s also because bellwether and market leader Maruti Suzuki India witnessed a tepid first quarter. The company’s factories dispatched a total of 393,572 cars, sedan, SUVs and MPVs to its dealers, down 6% YoY (Q1 FY2026: 419,114… Continue reading Maruti Nexa sales down 13% in Q1 FY2026, five of eight models see decline

Maruti Nexa sales down 13% in Q1 FY2026, five of eight models see decline

204,330 made-in-India cars and UVs exported in Q1 FY2026, Maruti Suzuki takes huge lead

The made-in-India automobile export story has had a strong opening quarter in FY2026, continuing the momentum it displayed in FY2025 (5.36 million units, up 19%). April-June 2025 saw total overseas shipments of 1.45 million vehicles across segments, up 22% YoY (Q1 FY2025: 1.19 million units). Importantly, every segment has benefited from the growth. While passenger… Continue reading 204,330 made-in-India cars and UVs exported in Q1 FY2026, Maruti Suzuki takes huge lead

Renault Triber sells over 200,000 units in six years ahead of new model launch

Following the news that Renault India is to integrate its new logo in all its new product launches, starting with the new Renault Triber, which is to be launched today (July 23), a quick data dive at the Triber’s cumulative sales reveals that over 214,000 units have been sold since its launch six years ago.… Continue reading Renault Triber sells over 200,000 units in six years ahead of new model launch

Hyundai India gets Rs 517.34 Crore tax, Penalty Demand from GST Authority

Hyundai Motor India Ltd on Tuesday said it received a demand of Rs 517.34 crore from tax authorities, along with a penalty, for alleged short payment of Goods and Service Tax (GST) compensation cess on its certain SUV models. “The company has received an order from Commissioner (Appeals), CGST Dept, Tamil Nadu, confirming GST Compensation… Continue reading Hyundai India gets Rs 517.34 Crore tax, Penalty Demand from GST Authority

Hero MotoCorp Launches HF Deluxe Pro at ₹73,550

Hero MotoCorp launched the HF Deluxe Pro motorcycle at ₹73,550 (ex-showroom Delhi) on Tuesday, adding a new variant to its HF Deluxe portfolio. The world’s largest motorcycle and scooter manufacturer introduced the entry-level motorcycle with advanced features and fuel-efficient technology across its dealership network in India. The HF Deluxe Pro comes equipped with a segment-first… Continue reading Hero MotoCorp Launches HF Deluxe Pro at ₹73,550

Exide Industries Invests ₹100 Crore in EESL to Fund Bengaluru Battery Cell Plant

Exide Industries Limited (EIL) has announced an investment of ₹100 crore in its wholly owned subsidiary, Exide Energy Solutions Limited (EESL), through a rights issue. This brings EIL’s total equity investment in EESL to ₹3,702.23 crore. The shareholding of Exide in the subsidiary remains unchanged at 100%. The investment was made by subscribing to 2.5… Continue reading Exide Industries Invests ₹100 Crore in EESL to Fund Bengaluru Battery Cell Plant

Uno Minda Completes Acquisition of e-Drives Business Assets from Friwo Vietnam Company

Uno Minda Limited has officially completed the acquisition of e-Drives business assets in Vietnam from Friwo Vietnam Company Limited. The transaction, carried out through its wholly owned step-down subsidiary, Minda Industries Vietnam Company Limited, marks a key strategic milestone for the company. This acquisition aligns with Uno Minda’s ongoing strategy to expand its presence in… Continue reading Uno Minda Completes Acquisition of e-Drives Business Assets from Friwo Vietnam Company

Eraaya Lifespaces’ Subsidiary Ebix Technologies Wins ₹140 Crore Contract for Maharashtra-Wide NCMC Rollout

Eraaya Lifespaces has announced that its Indian subsidiary, Ebix Technologies Limited (formerly EbixCash Limited), has secured a ₹140 crore contract from the Maharashtra State Road Transport Corporation (MSRTC) for the statewide implementation of the National Common Mobility Card (NCMC). This project, the first of its kind in India for concessionary passengers, supports the Government of… Continue reading Eraaya Lifespaces’ Subsidiary Ebix Technologies Wins ₹140 Crore Contract for Maharashtra-Wide NCMC Rollout

Mahindra Finance Announces Senior Management Change as Part of Talent Rotation Strategy

Mahindra & Mahindra Financial Services Limited (Mahindra Finance) has announced a change in its senior management team. As part of the Mahindra Group’s talent rotation strategy, Ketaki Suklikar has been appointed as the new Chief Legal Officer (CLO) of Mahindra Finance, effective November 1, 2025. She will succeed Farida Balsara, the current CLO, who will… Continue reading Mahindra Finance Announces Senior Management Change as Part of Talent Rotation Strategy