India’s automotive industry is a cornerstone of the nation’s manufacturing and economic growth, contributing 7.1 per cent to India's GDP.
A bevy of heritage automobiles rolled down the red carpet at the much-awaited 58th Edition of The Statesman Vintage & Classic Car Rally in the national capital on Sunday.
In January, automobile retail sales in India rose 7 per cent year-on-year at 22,91,621 units, data from the dealers body Federation Of Automobile Dealers Associations (FADA) said.
Chief Minister of Assam Himanta Biswa Sarma on Monday invited automobile giants from South Korea to invest in Assam.
December 2024 proved to be a setback for the automobile sector with total retail sales declining by 12 per cent year-on-year, data shared by the Federation of Automobile Dealers Associations (FADA) said.
Ultraviolette Automotive Pvt Ltd on Tuesday expanded its ongoing Series D round led by Qualcomm Ventures and Lingotto. According to sources, the company raised $24 million in the expanded round, taking the total funding in Series D to $34 million to date.
Tata Motors has bagged an order for 1,000 buses from Haryana Roadways. As per the contract, the auto major will supply the 52-seater fully built BS6 diesel buses in a phased manner.
Tata Motors has announced that its revenue went up 29.7 per cent to Rs 79,600 crore in revenue for the quarter ended September 2022 over the previous year's figures. The company said its operating profits or earnings before interest, taxes, depreciation, and amortization was at 9.7 per cent, a jump of 130 basis points over last year's.
MT Autocraft, a leading supplier of machined components and assemblies, on Wednesday announced the launch of electric mobility company MTA E-Mobility Pvt Ltd (MTA EV) with a seed funding of Rs 100 crore.
Hyundai's sales climbed 7 percent to 60,604 units last month from 56,761 a year ago, while Kia's were up 12 percent to 58,276 from 52,067 during the same period, the data showed, reports Yonhap news agency.
