Source : PTI | India can achieve a growth rate of 10% in the next decade and become the second-largest economy by 2032 and the largest by 2050, given the energies and transformation driving the nation to overcome its challenges, said RBI Deputy Governor Michael Debabrata Patra. He was delivering a keynote address on The Indian Economy: Opportunities and Challenges at Nomura’s 40th Central Bankers … [Read more...]
CarDekho Group eyeing 40% consolidated growth in FY25: Founder Amit Jain
Source : PTI | Autotech and financial solution provider CarDekho Group is eyeing over 40% consolidated headline growth in FY25 and is on the prowl for value-accretive acquisitions, chief executive and co-founder and Shark Tank India judge Amit Jain has said. Jain who leads CarDekho and is a familiar face on the business reality series Shark Tank India told PTI in an interview that the automobile … [Read more...]
ZF Rane Automotive India acquires TRW Sun Steering Wheels
Source : PTI | New Delhi: Auto components maker ZF Rane Automotive India Pvt Ltd, on Friday, announced the acquisition of steering wheels manufacturer TRW Sun Steering Wheels Pvt Ltd for an undisclosed sum. Gurugram-headquartered TRW Sun Steering Wheels (TSSW) is a JV between the Sun Group and ZF Group globally. It manufactures various types of steering wheels for the Indian market and supplies to … [Read more...]
Schaeffler India re-appoints Harsha Kadam as MD, CEO
Source : PTI | German auto parts maker Schaeffler on Friday said its board has approved the re-appointment of Harsha Kadam as the Managing Director (MD) and CEO of its India arm for a period of three years, effective from October 1, 2024. Kadam, who joined Schaeffler India in 2018, was appointed as the MD and CEO of the company in October 2019 for a period of five years. The re-appointment is … [Read more...]
Luxury car sales could breach 50,000 units mark for first time ever in 2024: Audi India head
Source : PTI | Luxury car sales in India could cross the milestone of 50,000 units for the first time in a year in 2024 amid growing demand for such models, according to Audi India head Balbir Singh Dhillon. The overall domestic luxury car segment grew by 28% annually last year to record sales volume of around 48,500 units. Luxury car volumes in India currently account for less than 2% of the … [Read more...]
Luxury car sales in India could breach 50k units mark in 2024, hopes Audi
By: HT Auto Desk | Updated on: 31 Mar 2024, 13:52 PM Share via: <!--Audi hopes to see significant growth in India in 2024, while it also hopes the luxury car segment will cross the annual 50,000-unit sales milestone this year.--> Audi hopes to see significant growth in India in 2024, while it also hopes the luxury car segment will cross the annual 50,000-unit sales … [Read more...]
Kia India plans major expansion, targets 700 touchpoints by 2024-end
By: HT Auto Desk | Updated on: 31 Mar 2024, 12:25 PM Share via: <!--Kia India plans to expand its sales and service network to 700 touchpoints by the end of 2024, while it also targets to expand its certified pre-owned network to 100 outlets by this year's end.--> Kia India plans to expand its sales and service network to 700 touchpoints by the end of 2024, while it also … [Read more...]
Has Tesla Finally Gotten Rid Of The Steering Wheel Nag? All References Removed in Latest FSD Prompt
Join us... Tesla may have gotten rid of the nag In yet another move forward for FSD and autonomy, it appears that Tesla has gotten rid of the wheel nag. One FSD driver said he went 30 minutes on FSD 12.3.2 in his Model X and never once had a steering wheel nag popup on the scree in 30 minutes. Tesla may be reducing the need for the driver to pay attention due to how good FSD … [Read more...]
Pre-facelift Hyundai Creta IVT recalled in India over oil pump issue
By: HT Auto Desk | Updated on: 31 Mar 2024, 10:28 AM Share via: Hyundai has issued a recall impacting the pre-facelift version of the second-generation Creta's IVT variants. Hyundai has issued a recall impacting the pre-facelift version of the second-generation Creta's IVT variants. Hyundai India has issued a recall for the Creta IVT over a faulty electronic oil … [Read more...]
Smartphone maker Huawei's Luxeed S7 electric sedan starts mass delivery
By: HT Auto Desk | Updated on: 31 Mar 2024, 10:07 AM Share via: The Luxeed S7 electric sedan has been jointly developed by Huawei and Cheru Auto. The Luxeed S7 electric sedan has been jointly developed by Huawei and Cheru Auto. Smartphone and telecom equipment manufacturer Huawei has said that the Luxeed S7 premium electric sedan, which has been developed … [Read more...]
Mini Aceman EV images leak ahead of Beijing Motor Show debut on April 24
By: HT Auto Desk | Updated on: 31 Mar 2024, 09:44 AM Share via: <!--Ahead of its official debut at the Beijing Motor Show on April 24, images of the Mini Aceman EV have been leaked online. The Aceman EV is set to play a key role in the automaker's electric vehicle strategy.--> Ahead of its official debut at the Beijing Motor Show on April 24, images of the Mini Aceman EV … [Read more...]
Common sense needed in new car features
Out-of-the-box thinking is not a bad thing, but it needs to be coupled with some common sense. Source: autonews.com … [Read more...]
PHEVs good choice for commuting
I have leased three Ford Fusion PHEVs and found them to be a perfect solution for commuting, with a combined range of over 600 miles. Source: autonews.com … [Read more...]
Will industry learn lesson from lean inventories?
Automakers pledged to maintain lower inventories for higher profits when the production crisis abated. As the industry approaches 3 million unsold vehicles, will the lessons from that time take root? Or be ignored? Source: autonews.com … [Read more...]
Leo Michael cartoon: Losing your shirts
Automakers are losing thousands of dollars on every EV they sell, and for the most part not meeting consumer expectations for the vehicles, according to Boston Consulting Group. Source: autonews.com … [Read more...]
Automotive industry is losing its heart
Every week, after reading the latest edition of Automotive News, I find myself more concerned about the automotive industry. Source: autonews.com … [Read more...]
Mustang Mach-E sales underscore pricing issue
Sales data reveals customers are willing to make the switch to EVs at the right price, a challenge for automakers such as Ford that lose thousands on each one they sell. Source: autonews.com … [Read more...]
Highlights from the latest 'Daily Drive' podcasts, March 26-27
Here are highlights from the latest episodes of 'Daily Drive', Automotive News' weekday podcast, March 26-27, hosted by Jamie Butters with Kellen Walker. Source: autonews.com … [Read more...]
Force Gurkha 5-door SUV to challenge Mahindra Thar 5-door: Key things to expect
By: HT Auto Desk | Updated on: 31 Mar 2024, 09:11 AM Share via: Force Gurkha five-door SUV is expected to launch in the coming months challenging Mahindra Thar five-door and Maruti Suzuki Jimny. The Force Gurkha 5 door is all set to go on sale by mid-2024 bringing more practicality to the off-roader with a usable second row and bigger boot Force Gurkha may not … [Read more...]
Ford files a small SUV patent targeting emerging markets. Will it come to India?
By: HT Auto Desk | Updated on: 31 Mar 2024, 08:59 AM Share via: <!--Ford is gearing up for a comeback in the Indian market with the launch of a new small SUV, tailored to meet the changing demands of Indian consumers. Inspired by its success in China, the SUV features a striking front fascia with horizontally stacked LED daytime running lights and a bold grille.--> Ford … [Read more...]
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