CG Semi, a subsidiary of Murugappa Group company CG Power and Industrial Solutions, has announced the launch of its first Outsourced Semiconductor Assembly and Test (OSAT) facility in Sanand, Gujarat. The facility will cater to a number of sectors with the automotive industry being a prime user, along with IoT, industrial, infrastructure and 5G technology. … Continue reading CG Semi Unveils Hi-Tech Chip Assembly Plant In Sanand
Tag: Suzuki
ICRA Predicts Sharp Decline Auto Industry Growth this Year
India’s passenger vehicle industry faces a significant slowdown in FY2026, with ICRA projecting modest wholesale volume growth of just 1-4%, a sharp deceleration from the robust double-digit growth witnessed during the post-pandemic recovery years of FY2022-24, and the 8-9% growth seen last year. The conservative outlook comes after the industry already recorded a 1.1% contraction… Continue reading ICRA Predicts Sharp Decline Auto Industry Growth this Year
India Car Sales Shows Mixed Signals Ahead of Festive Season as Inventory Builds
India’s passenger vehicle market displayed contrasting trends in July 2025, with wholesale volumes growing 8.9% sequentially while year-over-year growth remained flat at 340,000 units, according to a recent report by credit rating agency ICRA. Original equipment manufacturers (OEMs) are strategically building inventory ahead of the upcoming festive season, resulting in dealer stock levels rising to… Continue reading India Car Sales Shows Mixed Signals Ahead of Festive Season as Inventory Builds
Tesla sales plunge 40% in Europe as Chinese EV rival BYD’s triple
Elon Musk, during a news conference with President Donald Trump, inside the Oval Office at the White House in Washington on May 30, 2025. Tom Brenner | The Washington Post | Getty Images Sales of Tesla cars in Europe plunged in July, in the company’s seventh consecutive month of declines, while Chinese rival BYD saw… Continue reading Tesla sales plunge 40% in Europe as Chinese EV rival BYD’s triple
GST cut: Jefferies upgrades Hero Motocorp but bearish on Hyundai and Tata Motors
Jefferies says a possible GST cut could boost auto demand, upgrading Hero Motocorp while retaining cautious views on Hyundai and Tata Motors. Global brokerage Jefferies has said that a potential cut in Goods and Services Tax (GST) rates could provide a major boost to auto demand, particularly in two-wheelers and small passenger vehicles, and has… Continue reading GST cut: Jefferies upgrades Hero Motocorp but bearish on Hyundai and Tata Motors
India’s auto sector accelerates in EV segment
Maruti Suzuki rolls out its first made-in-India EV, the e-Vitara SUV, from its upgraded Gujarat plant, projected to reach one million units annual capacity. The country’s largest carmaker Maruti Suzuki has announced the rollout of its first made-in-India electric vehicle – the e-Vitara SUV – in a major boost to the green segment from its… Continue reading India’s auto sector accelerates in EV segment
Maruti Suzuki True Value Reaches 6 Million Pre-Owned Car Sales
Maruti Suzuki True Value has sold 6 million pre-owned cars since its establishment in 2001, the company announced Tuesday. The organized retail channel sold 492,697 vehicles in the fiscal year 2024-25, contributing to the milestone figure. The pre-owned car division serves customers across 606 showrooms in 305 cities nationwide. First-time buyers represent 85 percent of… Continue reading Maruti Suzuki True Value Reaches 6 Million Pre-Owned Car Sales
Maruti Suzuki True Value Reaches 6 Million Pre-Owned Car Sales
Maruti Suzuki True Value has sold 6 million pre-owned cars since its establishment in 2001, the company announced Tuesday. The organized retail channel sold 492,697 vehicles in the fiscal year 2024-25, contributing to the milestone figure. The pre-owned car division serves customers across 606 showrooms in 305 cities nationwide. First-time buyers represent 85 percent of… Continue reading Maruti Suzuki True Value Reaches 6 Million Pre-Owned Car Sales
Auto, electronics dealers pull plug on festive stock
For most other carmakers, however, it is still a ‘wait-and-watch’ policy, according to a dealer of multiple brands including Tata Motors, MG Motor India, and Hyundai. Automobile and consumer electronics dealers are treading cautiously ahead of the crucial festive season as they await an imminent cut in Goods and Services Tax (GST) and product prices.… Continue reading Auto, electronics dealers pull plug on festive stock
Lumax Turns Towards China for Technology, Collaborations
Lumax Auto Technologies Ltd. is turning toward China for technical collaborations and tap advanced New Energy Vehicle know‑how as it readies proof‑of‑concepts for Indian conditions and weighs selective on‑ground presence in the mainland. “One clear shift we are seeing is China emerging as a clear winner… These technologies are very, very competitively positioned in the… Continue reading Lumax Turns Towards China for Technology, Collaborations