Tag: automobile industry

Maruti Suzuki Q1 net profit down 11% to ₹3,352 crore on high material cost

July 31, 2026 admin

Maruti Suzuki. File | Photo Credit: Reuters Maruti Suzuki India Ltd., India’s biggest passenger vehicles company, for the period April-June, FY 2026-27 (Q1), reported a 11% fall in net profit to ₹3352 crore as compared to ₹3758 crore in the year-ago period, as high material prices eat into its margin. During the quarter, the company’s…

Business

TVS Motor CEO K.N. Radhakrishnan says ‘two-wheeler industry to grow at 8-9% Compound Annual Growth Rate in long term’

February 22, 2026 admin

TVS Motor Company CEO K.N. Radhakrishnan. File | Photo Credit: The Hindu The two-wheeler industry has the potential to grow at 8-9% Compound Annual Growth Rate (CAGR) in the long term, drawing from the momentum of GST rate cut, government’s spending on infrastructure and overall growth of the economy, according to TVS Motor Company CEO K.N….

Business

Japanese automakers Honda, Nissan, Mitsubishi drop their talks on business integration

February 13, 2025 admin

(From left) Nissan chief executive Makoto Uchida, Mitsubishi Motors CEO Takao Kato, and Honda chief executive Toshihiro Mibe leave after a joint news conference in Tokyo, Japan. File | Photo Credit: AP Japanese automakers Honda, Nissan and Mitsubishi said on Thursday (February 13, 2025) they are ending talks on business integration. Nissan Chief Executive Makoto…

Business

Watch: How are Coimbatore’s automotive firms gearing up for EV transition?

January 17, 2025 admin

In the last episode, my colleague and host of Climate Economy, Kunal Shankar, spoke about the shifts underway in India’s transport sector, as it attempts to decarbonise. One among the many places where this transition is likely to be felt most is Coimbatore. That’s because this district is home to many of the smaller firms…

Science

Prime Minister Narendra Modi launch bharat Mobility Global Expo 2025 on January 17, 2025

January 17, 2025 admin

File photo of Prime Minister Narendra Modi. | Photo Credit: ANI Prime Minister Narendra Modi will inaugurate the second edition of Bharat Mobility Global Expo on Friday (January 17, 2025) which is expected to witness over 100 new launches across automobiles, component products and technologies. The Bharat Mobility Global Expo 2025, scheduled from January 17-22,…

Business

U.S. probes whether Tesla Autopilot recall did enough to make sure drivers pay attention

April 26, 2024 admin

A Tesla that may have been operating on the company’s Autopilot driving system hit and killed a motorcyclist near Seattle on Friday, April 19, 2024. | Photo Credit: AP The U.S. government’s auto safety agency is investigating whether last year’s recall of Tesla’s Autopilot driving system did enough to make sure drivers pay attention to…

Business

Domestic passenger vehicle wholesales rise 2.94% in July: SIAM

August 10, 2023 admin

Two-wheeler domestic wholesales were down at 12,82,054 units last month, as against 13,81,303 units in July 2022. | file photo | Photo Credit: PTI Domestic passenger vehicles wholesales registered a 2.94 per cent year-on-year increase in July at 3,02,521 units, the Society of Indian Automobile Manufacturers (SIAM) said on Thursday. As per the latest data…

Business