As per a Q1 2023 quarterly report released by the used car retailing platform Spinny, Renault KWID has emerged as one of the top-selling models in the used car market. Spinny’s report has revealed that the Renault KWID has garnered significant attention and demand from used car buyers nationwide, given the company’s performance, value, and… Continue reading Renault KWID emerges as most popular used car in India
Category: US Motoring Press
Auto sector recovery to sustain across segments: Motilal Oswal Financial Services
According to Motilal Oswal Financial Services (MOFSL), the auto sector has underperformed over the last five years due to incessant headwinds that had a severe impact on volumes and margins. However, a revival in volumes and margins over the last few quarters has driven the sector’s outperformance. MOFSL expects the recovery to sustain across segments,… Continue reading Auto sector recovery to sustain across segments: Motilal Oswal Financial Services
Nissan introduces Magnite GEZA special edition at Rs 7.39 lakh
Nissan Motor India introduced the Nissan Magnite GEZA Special Edition at a starting price of Rs 7,39,000 (ex-showroom, Delhi). The Magnite GEZA offers advanced infotainment system, advanced features and safety enhancements that will redefine journeys for the discerning Indian customer. The Magnite Geza Special Edition is inspired by Japanese theatre and its expressive musical themes. The Magnite GEZA… Continue reading Nissan introduces Magnite GEZA special edition at Rs 7.39 lakh
M&M posts record profit of Rs 10,282 crore for FY23
Mahindra and Mahindra (M&M) has posted an all-time high annual consolidated net profit of Rs 10,282 crore, up 56%, on a year-on-year basis. This was driven by successful launches including the Scorpio-N SUV and XUV400 e-SUV in its automotive vertical; steady growth in the farm equipment segment; strong operating performance at financial services and value… Continue reading M&M posts record profit of Rs 10,282 crore for FY23
Tata Motors targets 1.5 lakh CNG unit sales in coming 12-18 months
Having marched ahead in the electric vehicle space, Tata Motors wants to capitalise on the high demand for compressed natural gas-powered vehicles. With a portfolio of four vehicles – Tiago, Tigor, Altroz, and the yet to be launched Punch CNG, Tata Motors expects to sell about 1.5 lakh units per annum, within the next couple… Continue reading Tata Motors targets 1.5 lakh CNG unit sales in coming 12-18 months
CNG and EVs to account for majority of Tata Motors sales
Having marched ahead in the electric vehicle space, Tata Motors wants to capitalise on the high demand for compressed natural gas-powered vehicles. With a portfolio of four vehicles – Tiago, Tigor, Altroz, and the yet to be launched Punch CNG, Tata Motors expects to sell about 1.5 lakh units per annum, within the next couple… Continue reading CNG and EVs to account for majority of Tata Motors sales
M&M sells entire stake in Mahindra CIE Automotive for Rs 543 crore
Automotive major Mahindra & Mahindra has recently sold its entire stake of 3.19 percent in Mahindra CIE Automotive for Rs 543 crore. Mahindra CIE Automotive (CIE) is a multi-technology automotive components supplier. “We would like to inform you that the Company has today sold its entire stake consisting of 1,21,22,068 equity shares, representing 3.195 percent… Continue reading M&M sells entire stake in Mahindra CIE Automotive for Rs 543 crore
Volkswagen and Audi consent to a US$85 million diesel settlement in principle with Texas: Report
Volkswagen and Audi have consented to a US$85 million diesel settlement in principle, on flouting of the Texas environmental norms arising from the Dieselgate scandal, Texas Attorney General Ken Paxton said, Reuters noted. The settlement states that the German auto firms shell out US$ 85 million for their unlawful actions, Paxton stated, as noted by… Continue reading Volkswagen and Audi consent to a US$85 million diesel settlement in principle with Texas: Report
Education firms bet big on EV, IoT as futuristic courses
As electrification picks up pace in the mobility sector in the country, education firms are looking to bridge a potential skills gap as demand is expected to outpace supply. This is an area that is beginning to get attention from private educational players like Byju’s whose subsidiary Great Learning aims to offer three to four… Continue reading Education firms bet big on EV, IoT as futuristic courses
‘Transport sector responsible for 40% of air pollution’: Nitin Gadkari: Report
Union Minister Nitin Gadkari said that the transportation industry is accountable for 40% of air pollution in India, and urged the industry to work on greener fuel alternatives, PTI reported. Of this, 90% comes from the road transport segment, the minister said while talking at the GH2 Summit, PTI reported. He further added that green… Continue reading ‘Transport sector responsible for 40% of air pollution’: Nitin Gadkari: Report