Mumbai: Tata Motors, India’s third largest passenger vehicle maker by sales, is looking at a 400-600 basis points jump in its market share from the current 14% to 18% to 20% over the next 2 to 3 years, it said in an investor presentation on Tuesday. This will be on the back of the launch … Read more
The automotive industry has entered a fiercely competitive phase in the electric vehicle transition, and it’s producing an intriguing result for US car buyers: the first long-range EVs that are cheaper to buy than the average gas-powered car.At least three manufacturers — Tesla, Hyundai-Kia and General Motors — now offer EVs with more than 300 … Read more
French automaker Renault and Chinese partner Geely announced a highly anticipated joint venture on Friday that will develop combustion and hybrid engines, aiming to improve the competitiveness of their legacy auto business. The 50-50 venture is a core element of Renault’s strategy to stay in the race against larger competitors by signing multiple partnerships to … Read more
Ford CEO Jim Farley wants the industry to stop viewing hybrid vehicles as only an interim solution to be used until drivers are comfortable going fully electric. “We should stop talking about it as transitional technology,” Farley said of hybrids at a Bernstein analyst conference on Thursday. Plug-in hybrids, which include a small battery that … Read more
Alibaug, Maharashtra: Tata Motors-owned Jaguar Land Rover (JLR) plans to double its India sales over the next three years in line with its global strategy. It’s also getting set to assemble the marque’s flagship Range Rover model as well as the Range Rover Sport in India for the first time. They join other JLR cars … Read more
Mahender Chhabra, CFO & Anurag Gahlot, COO, Motherson Sumi Wiring, in conversation with ET Now. Gaholot says Motherson Sumi Wiring finds the market very interesting and expects very good growth in the future as well. Volume is growing from the OEMs who ate adding capacities and customers are also choosing feature-rich models or topline models. … Read more
After criticizing former president Donald Trump for promising to amp up tariffs on imports if he wins the 2024 election, the White House on Tuesday announced its own round of tariffs targeted at a variety of Chinese good. President Joe Biden has said Trump’s ideas would worsen inflation, because the tariffs the Republican has proposed … Read more
Two-wheeler sales in India will surpass pre-Covid peak either this fiscal year or the next, Sudarshan Venu, managing director at TVS Motor Company, said, indicating a broad-based revival in the economy where demand for entry-level two-wheelers have been languishing in the last few years due to a sharp rise in acquisition costs and the pandemic’s … Read more
Hyundai Motor Group’s Indian operations have been “pivotal” in driving growth at the Korean automotive conglomerate since the pandemic despite recessionary conditions worldwide, Euisin Chung, the group’s executive chair said on Thursday.He said the group is working on expanding annual capacity in India across Hyundai and Kia brands by more than a third to 1.5 … Read more
Ford is delaying the rollout of its new electric pickup truck and electric SUV as the demand for EVs decelerates industry-wide. The Dearborn, Mich., auto giant said on Thursday it had delayed the launches of its electric pickup truck built in Tennessee and the three-row SUV manufactured in Ontario, Canada. Despite the delay, the auto-manufacturing … Read more
