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Jaguar Land Rover global retail sales drop 15.5% in August

Mumbai, Sept. 11 -- Tata Motors-owned Jaguar Land Rover Automotive Plc has reported a 15.5% year-on-year decline to 28,887 units in its global retail volumes for August, the company said in a regulato... Read More


Tractors volumes to grow 7-9% in FY21: Icra

Mumbai, Sept. 11 -- Credit rating agency Icra Ltd has revised its forecast for the tractor industry from earlier growth estimate of 2-4% to 7-9% in FY21. The revision in growth forecast for tractors ... Read More


Tata Technologies, Hitachi JV first on block under Tata Motors' deleverage plan

Mumbai, Sept. 11 -- Tata Technologies Ltd and Tata Hitachi Construction Machinery Company Pvt Ltd are first group businesses being put on the block for stake sale under Tata Motors' deleverage plan, w... Read More


Auto Inc to cut imports by 50% in the next 4-5 years

New Delhi, Sept. 11 -- India's automotive industry will seek to halve the massive '1 trillion worth of components it currently imports annually over the next 4-5 years, a senior industry official said... Read More


Mahindra Electric in talks with global automakers to supply EV parts

MUMBAI, Sept. 7 -- Mahindra Electric Mobility Ltd, the electric vehicle (EV) arm of Mahindra & Mahindra Ltd, is in talks with at least five to six global vehicle manufacturers for supply of components... Read More


BluSmart raises $7 million in pre-series A funding

Mumbai, Sept. 7 -- Delhi NCR-based all-electric ride hailing platform BluSmart Mobility Pvt Ltd has raised $7 million or Rs.51 crore in pre-series A funding from multiple investors including Inflectio... Read More


Auto Inc to cut imports by 50%

New Delhi, Sept. 5 -- India's automotive industry will seek to halve the massive Rs.1 trillion worth of components it currently imports annually over the next 4-5 years, a senior industry official sai... Read More


Vehicle scrappage policy could come by September end: Nitin Gadkari

MUMBAI, Sept. 5 -- The much-awaited vehicle scrappage policy is in its final stages of approval and will be rolled out within a month, road transport and highways minister Nitin Gadkari said on Saturd... Read More


Bosch picks up 26% stake in SUN Mobility

Mumbai, Sept. 4 -- German automotive component manufacturer Bosch has picked up a 26% stake in the Bangalore-based electric vehicle (EV) focused firm SUN Mobility, it said on Friday. In an official s... Read More


Auto Inc evaluates roadmap to become Atmanirbhar, boost exports

MUMBAI, Sept. 4 -- Automotive industry representatives met Union minister of commerce and industry and railways Piyush Goyal on Friday to discuss the roadmap to boost localisation, reduce imports and ... Read More