Shares of Tata Technologies jumped as much as 7% in intraday trading today following the company’s announcement of setting up a joint venture with German luxury carmaker BMW. Autocar Professional exclusively reported the news on Monday, a day before the Pune-based auto component maker announced it. On Monday itself the share gained 2.9% Tata Technologies’ stock, which opened at Rs… Continue reading Tata Technologies shares zoom 7% on JV announcement with BMW
Category: US Motoring Press
Mohammed Turra joins Mahindra First Choice as CEO
Mohammed Turra, the Founding Member and Business head of Quiklyz has joined Mahindra First Choice, a leading used vehicle platform as the CEO. With more than 23 years of consulting and industry experience across India, Middle East, France and the US, Turra has been instrumental in building Quiklyz, the Subscription Business of Mahindra Finance. Turra… Continue reading Mohammed Turra joins Mahindra First Choice as CEO
BYD Seagull could come to UK in brand’s affordable EV push
BYD’s UK bosses are keen for the company to offer the low-cost BYD Seagull electric car to British buyers. No decision has yet been taken however on if and when the 3.8-metre-long Seagull would launch in the UK, but if it does it would likely be the cheapest electric car on sale in the UK. In… Continue reading BYD Seagull could come to UK in brand’s affordable EV push
Audi India reports 33% increase in sales in FY24
Audi India has retailed 7,027 units in FY23-24 posting an overall growth of 33%. The brand retailed 1,046 units in Q1 2024 encountering notable challenges with sales compared to the corresponding period last year, primarily due to supply chain disruptions. Balbir Singh Dhillon, Head of Audi India said, “We have seen robust growth of 33%… Continue reading Audi India reports 33% increase in sales in FY24
Tata Technologies and BMW Group to set up automotive software and IT development hub
Autocar Professional’s April 1 newsbreak of a planned joint venture between Tata Technologies and BMW Group has been confirmed. In an official press release today, the BMW Group and Tata Technologies, the global product engineering and digital services company, have announced that they have signed an agreement to form a joint venture with the aim… Continue reading Tata Technologies and BMW Group to set up automotive software and IT development hub
SUVs power Maruti, Hyundai, Tata, M&M and Toyota to best-ever sales in FY2024
FY2025 has a tough ask on its hands, given that FY2024 has registered sales of an estimated 4.23 to 4.25 million passenger vehicles, up 8.75% on FY2023’s 3.89 million units. The utility vehicle (UV) segment which comprises SUVs and MPVs, unabashedly continues to do the heavy lifting for India PV Inc. This sub-segment has proven… Continue reading SUVs power Maruti, Hyundai, Tata, M&M and Toyota to best-ever sales in FY2024
Jeep Renegade
Compact, boxy and pugnaciously cute as it may be, the Renegade just about counts as a proper four-seat, five-door family car. To squeeze three on its back seat would be a trial, but two younger adults fit just fine. The relocation of the 12V battery to the side of the boot compartment, along with the… Continue reading Jeep Renegade
Toyota Land Cruiser
Climb up into the cabin – and yes, this is one of those SUVs that require a bit of a climb and make you thankful for the side steps – and things are a magnitude more modern than in the outgoing car. No wonder, since that could trace its roots back to 2009. There’s a… Continue reading Toyota Land Cruiser
Ashok Leyland reports 1% growth in domestic sales in FY24, MoM sales fall by 7%
Commercial vehicle maker Ashok Leyland reported a 1% growth in domestic sales to 1,82,830 units in FY24 as compared to 1,80,916 in FY23. On a month-on-month basis, the company saw a 7% decline to 21,317 units in March 2024 as against 22,885 in March 2023. In the M&HCV (medium and heavy commercial vehicle) segment, Ashok… Continue reading Ashok Leyland reports 1% growth in domestic sales in FY24, MoM sales fall by 7%
India’s FY24 PV sales grow 8.5% to a record 4.23 million cars; SUVs now account for more than half of volumes
Driven by improved availability of semiconductors and pent-up demand as well as the expanding economy, India’s passenger vehicle industry grew at around 8.5 percent on a year-on-year basis during the financial year 2024 to a new record. The craze for sports utility vehicles (SUVs) offset the impact of weakness in demand for small cars. SUVs… Continue reading India’s FY24 PV sales grow 8.5% to a record 4.23 million cars; SUVs now account for more than half of volumes