Mandatory 6 airbags to hit small car market adversely, says Maruti

Maruti Suzuki India (MSI) wants the government to reconsider the proposal to make six airbags mandatory in passenger vehicles, saying the norm will adversely hit the already shrinking small car market and may even impact jobs in the auto sector going ahead.   The auto major noted that the regulation would largely impact the cost-sensitive … Read more

Mercedes-Benz sees best-ever year in India

Pointing to a strong demand in the luxury car space, German giant Mercedes-Benz has said that it has pending orders in excess of Rs 3,500 crore in India with over 5,000 cars yet to be delivered, as the company expects to clock its best-ever sales in the country this year on the back of a … Read more

MG eyes 2nd factory, Rs 5,000 crore raise

Hamstrung by lack of government approvals for its FDI plans, British carmaker MG Motors — a subsidiary of Chinese auto major SAIC — plans to raise up to Rs 5,000 crore through external commercial borrowings (ECBs) or private equity route as it looks to set up a second factory in India, while launching new cars, … Read more

Cost of EVs to be at par with petrol-run vehicles in 2 years: Nitin Gadkari

Road transport minister Nitin Gadkari on Tuesday said rapid strides in technology and green fuel will reduce the cost of electric automobiles, bringing them at par with petrol-run vehicles in the next two years. Replying in the Lok Sabha on the demands for grants for road transport and highways ministry, 2022-23, Gadkari emphasised the need … Read more

Suzuki to invest Rs 10,445 cr for manufacturing EV, batteries in Gujarat

Japanese automaker Suzuki Motor Corporation on Sunday said it will invest around 150 billion yen (about Rs 10,445 crore) by 2026, for local manufacturing of Battery Electric Vehicles (BEV) and BEV batteries in Gujarat. The company has signed a Memorandum of Understanding (MoU) to this effect with the Gujarat government. It was signed “on March … Read more

Mahindra-owned SsangYong Motor sold to a consortium for $255 mn

A consortium led by South Korean electric carmaker Edison Motors Co has agreed to acquire debt-ridden SsangYong Motor Co Ltd for 305 billion won ($254.65 million), SsangYong Motor said on Monday. SsangYong is burdened with high debt and its vehicle sales last year fell to 84,496, down about 21% from a year earlier, a regulatory … Read more