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Shriram Finance launches Green Finance vertical; targets Rs 5,000 cr AUM in 4 years
4 days ago

Shriram Finance launches Green Finance vertical; targets Rs 5,000 cr AUM in 4 years

New Indian Express  

BENGALURU: With increasing demand for electric vehicles and renewable energy products, Shriram Finance, the flagship company of the Shriram Group, on Friday announced the launch of a separate vertical Shriram Green Finance, which will finance a range of sustainable solutions. Apart from financing EVs, the portfolio also includes financing battery charging stations, renewable energy products and solutions, energy efficient machinery, …

Finance Bengaluru Green Finance Shriram Shriram Finance Targets Rs Revankar
Cars set to get expensive from January as OEMs announce price hikes
2 weeks, 1 day ago

Cars set to get expensive from January as OEMs announce price hikes

Live Mint  

New Delhi, Dec 8 Prices of various car models -- ranging from entry-level hatchbacks to high-end luxury offerings -- are set to rise as automakers have announced price hikes with effect from January. Icra Vice President & Sector Head - Corporate Ratings Rohan Kanwar Gupta said automakers generally take a price increase at the start of the calendar year to …

India Costs Prices Input Costs Cent Price Hikes Input
Nomura lowers PV growth forecast for Q3FY25, upgrades 2W outlook on rural demand revival
2 weeks, 3 days ago

Nomura lowers PV growth forecast for Q3FY25, upgrades 2W outlook on rural demand revival

Live Mint  

Japanese brokerage firm Nomura revised its FY25 third-quarter growth estimate for India’s passenger vehicle industry to 1% YoY, down from the earlier projection of 4% YoY. Rural revival, affordable EVs propel 2-wheeler demand While maintaining a weak outlook for the PV segment, the brokerage revised its FY25/3E growth forecast for the two-wheeler industry upward to 12% YoY, from the earlier …

India Growth Industry Demand Yoy Nomura
Maruti Suzuki, Tata Motors, and M&M post PV sales growth YoY in Nov; Hyundai records decline
3 weeks ago

Maruti Suzuki, Tata Motors, and M&M post PV sales growth YoY in Nov; Hyundai records decline

Deccan Chronicle  

India's passenger vehicle market witnessed varied performance across major automakers in November 2024.While Maruti Suzuki, Mahindra & Mahindra, and Tata Motors posted year-on-year growth, Hyundai faced challenges in its domestic market.Maruti Suzuki, the country's largest carmaker, reported strong growth in total passenger vehicle sales, reaching 141,312 units during the month. However, the company's sales in October 2024 were higher at …

Vehicles Domestic Maruti Suzuki Sales 2024 Domestic Sales Units
OLA Electric stock rebounds 15% from day’s low amid aggressive store expansion push—details here
3 weeks ago

OLA Electric stock rebounds 15% from day’s low amid aggressive store expansion push—details here

Live Mint  

Despite starting today’s trading session on a weak note, falling 7 per cent, OLA Electric shares staged a strong recovery, erasing early losses to trade at ₹93.70 apiece, up 7 per cent from the previous close of ₹87.41. Despite the drop, OLA Electric retained its leadership position in the electric two-wheeler segment, holding a market share of 24.54 per cent …

Market Stock Cent Ola Bajaj Auto Ola Electric Citi
Despite fierce competition from online retailers, Brick-and-Mortar electronic retailers are making healthy profits- Report
3 weeks ago

Despite fierce competition from online retailers, Brick-and-Mortar electronic retailers are making healthy profits- Report

Live Mint  

New Delhi, December 2 : In an era where online retailers dominate the market, brick-and-mortar electronic retailers in India continue to report healthy profitability, says a report by Nuvama. The report highlighted that despite fierce competition, the traditional retail model showed resilience due to their disciplined operations and strong support from original equipment manufacturers. It said "In the consumer durables …

India Report Retailers Brick Consumer Durables Online Retailers
Auto Sector Q2 Review: OEMs struggle, 2W demand supports ancillaries; tyre profitability hit by RM costs
1 month ago

Auto Sector Q2 Review: OEMs struggle, 2W demand supports ancillaries; tyre profitability hit by RM costs

Live Mint  

The auto sector's Q2FY25 performance was shaped by varied trends across segments, with original equipment manufacturers reporting muted topline growth due to sustained weakness in the Commercial Vehicle, Passenger Vehicle, and global luxury segments. The brokerage said that the aggregate revenue of auto OEMs under its coverage universe was up 2% YoY in Q2FY25, driven by a double-digit YoY increase …

Growth Domestic Yoy Margin Kotak Tyre Companies Oems
Hyundai India struggles to steer past margin woes
1 month ago

Hyundai India struggles to steer past margin woes

Live Mint  

Hyundai Motor India Ltd’s lukewarm stock market debut in October was followed by an equally underwhelming maiden quarterly performance. Read this | Maruti Suzuki banks on SUVs, CNG models to beat demand blues Hyundai India’s management anticipates low single-digit growth in the domestic passenger vehicle industry in FY25, citing a high base for previous year and ongoing near-term macroeconomic challenges. …

India Sales Hyundai Maruti Q2Fy25 Margin Woes Hyundai India
Best smartphones under ₹25,000 in November 2024: Motorola Edge 50 Neo, OnePlus Nord CE4 and more
1 month, 1 week ago

Best smartphones under ₹25,000 in November 2024: Motorola Edge 50 Neo, OnePlus Nord CE4 and more

Live Mint  

The budget smartphone market has become increasingly competitive in the Indian smartphone scene. Motorola Edge 50 NeoIf you want a no-nonsense phone with a long list of features and a minimalist design that’s grippy to hold, the Motorola Edge 50 Neo is a great option. For this price, you get a dependable phone running on OnePlus' OxygenOS, the Snapdragon 7 …

Features Motorola Chipset Phone List Oneplus Oneplus Nord Ce
Tata Motors share price in focus ahead of Q2 results today: Here is what analysts expect
1 month, 2 weeks ago

Tata Motors share price in focus ahead of Q2 results today: Here is what analysts expect

Live Mint  

Stock Market Today: Tata Motors share price has declined sharply by over 11% in the last one month amid a correction in the benchmark indices. Tata Motors share price was down around 1% in morning trades on Friday ahead of the earnings announcement by the auto major for the quarter ended September 2024 today. Here is what analysts expect from …

Vehicles Commercial Vehicles Price Crore Quarter Yoy Expect
Honda electric scooter launch in India on November 27
1 month, 2 weeks ago

Honda electric scooter launch in India on November 27

India Today  

Leading two-wheeler manufacturer Honda Motorcycle & Scooter India will launch its maiden electric model in the country on November 27. With its unabated dominance in the internal combustion engine scooter segment with models like the Activa and the Dio, we expect Honda's first electric model to be a scooter as well. If we talk about the electric two-wheeler space, as …

India Honda Present Electric
Autonomous driving startup DeepRoute.ai raises capital
1 month, 2 weeks ago

Autonomous driving startup DeepRoute.ai raises capital

China Daily  

Car models integrated with DeepRoute IO set to launch this year. Photo provided to chinadaily.com.cn Chinese autonomous driving startup DeepRoute.ai announced on Tuesday that it has completed a strategic series C1 funding round, raising $100 million from leading Chinese automotive original equipment manufacturers or OEMs. The funding will enhance the research and development in end-to-end model, help scale global automakers' …

Driving Deeproute Io Deeproute
Autonomous driving startup DeepRoute.ai raises capital
1 month, 2 weeks ago

Autonomous driving startup DeepRoute.ai raises capital

China Daily  

Car models integrated with DeepRoute IO set to launch this year. Photo provided to chinadaily.com.cn Chinese autonomous driving startup DeepRoute.ai announced on Tuesday that it has completed a strategic series C1 funding round, raising $100 million from leading Chinese automotive original equipment manufacturers or OEMs. The funding will enhance the research and development in end-to-end model, help scale global automakers' …

Deeproute Io Deeproute Driving Platform
Maruti Suzuki Records Highest Monthly Sales of 2.06 Lakh Units in October
1 month, 3 weeks ago

Maruti Suzuki Records Highest Monthly Sales of 2.06 Lakh Units in October

Hindustan Times  

Maruti Suzuki achieves a new sales record in October, with 2.06 lakh units sold. The company primarily sold utility vehicles, with the Brezza, Ertiga, and Grand Vitara accounting for 70.644 units, a significant increase from last year's 59,147 units. The compact car segment, including the Baleno and Celerio, saw a decline in sales, while the 'mini' segment experienced a significant …

New Delhi
Festive Surge: Automakers Shine as Sales Soar
1 month, 3 weeks ago

Festive Surge: Automakers Shine as Sales Soar

New Indian Express  

Automakers witness a surge in sales during the festive season, with Maruti, Mahindra, Kia, and Toyota leading the charge. MSIL, HMIL, TKM, and M&M all recorded record-high sales, with Maruti's domestic sales reaching a new high of 159,591 units. Hyundai's retail sales also saw a significant increase, reaching 66,000 units. The festive season has played a significant role in boosting …

Google's Dynamic Island-Inspired Notifications: What to Expect in Android 16
1 month, 3 weeks ago

Google's Dynamic Island-Inspired Notifications: What to Expect in Android 16

Live Mint  

Google is reportedly working on introducing Dynamic Island-inspired notifications with the Android 16 OS, which is still a few months away from an official announcement. The new notification system will allow apps to create 'chips' in the status instead of just icons, which could potentially include a dialogue box that provides more information about the notification and allows users to …

Entertainment Technology Apps Dynamic Island
WRI India and Tamil Nadu Partners to Empower MSMEs in Automobile Sector to Decarbonize
1 month, 4 weeks ago

WRI India and Tamil Nadu Partners to Empower MSMEs in Automobile Sector to Decarbonize

The Hindu  

WRI India, in collaboration with Tamil Nadu government and industry associations, organised a VR-based training for MSMEs in Coimbatore to empower them to decarbonise and turn green. The workshop covered automobile component sector and aimed to equip MSMEs with tools to adopt sustainable manufacturing practices. About 30 MSME units participated in the event, with sessions on energy efficiency, technology concepts, …

Environment Law Technology Manufacturing Chennai
iPhone 16 came without AI features, Pixel 9 missed Android 15: Why a concern?
3 months ago

iPhone 16 came without AI features, Pixel 9 missed Android 15: Why a concern?

Hindustan Times  

This year the smartphone industry witnessed some of the biggest launches with artificial intelligence entering the race. Now, most recently, Google launched the Pixel 9 series with some new AI upgrades but it missed out on Android 15 at the launch which came as a disappointment to many users. Now, last week Apple started the sale for the iPhone 16 …

Features Google Android Apple Ai Series Iphone
Indian Government Issues High Severity Warning for Android Users
3 months, 1 week ago

Indian Government Issues High Severity Warning for Android Users

Deccan Chronicle  

The Central government has issued “High” severity warning for Android users, highlighting multiple vulnerabilities that affect Android versions 12, 12L, 13 and 14. Indian Computer Emergency Response Team under the Ministry of Electronics and Information Technology said that attackers could exploit these vulnerabilities to obtain sensitive information. "Multiple vulnerabilities have been reported in Android which could be exploited by an …

Android Issues High
Indian clean transportation summit: ‘In Norway, incentives pushed EV adoption’
3 months, 3 weeks ago

Indian clean transportation summit: ‘In Norway, incentives pushed EV adoption’

Hindustan Times  

In 2023, 87% of all passenger cars sold in Norway were electric, making it the country with the highest EV market penetration in the world. Markus Nilsen Rotevatn, the Norwegian EV Association project lead, spoke with Snehil Sinha about the 15-year transition to EVs. That was the first EV in Norway, and this sort of “civil disobedience” paved the way …

India Cars Evs Norway Ev Charging
Indian Airforce exploring various methods to encourage indigenisation
4 months, 1 week ago

Indian Airforce exploring various methods to encourage indigenisation

The Hindu  

As part of its indigenisation programmes, the Indian Air Force is exploring various methods, including plant-in-plant, at its Base Repair Depots. Speaking at the inaugural of the International Defence Aviation Exposition 2024 on Wednesday at the Air Force Station at Sulur here, Air Marshal Vijay Kumar Garg AVSM VSM, Air Officer Commanding in Chief, Maintenance Command of the IAF, said …

Indian Air Iaf
Auto sales rise 14% in July, historic high inventory level causes concern: FADA
4 months, 2 weeks ago

Auto sales rise 14% in July, historic high inventory level causes concern: FADA

The Hindu  

The Indian auto retail sector witnessed a double digit growth of 13.84% Year on Year in July 2024 backed by a robust 17.17% YoY growth in Two-Wheelers sales. “It is also crucial for the Reserve Bank of India to mandate financial institutions to implement stringent checks before releasing inventory funding, preferably requiring dealer consent or collaterals to prevent the escalation …

India Auto Fada Yoy Dealer
Union Budget 2024 Expectations: Keep increasing road-infra spending, frame policies to promote electrification
5 months, 1 week ago

Union Budget 2024 Expectations: Keep increasing road-infra spending, frame policies to promote electrification

The Hindu  

The growth of the automotive industry in India has happened because of the excellent road infrastructure which has been created during the last couple of years. This time from the Union Budget we would expect not only continuity in infrastructure spending but also increased spending on road infrastructure because there exists a lot of head-room for improvement for the industry …

India Market Industry Cars Comes Union Budget Oems
Auto Expo set to move back to New Delhi in 2025 after a decade
7 months, 2 weeks ago

Auto Expo set to move back to New Delhi in 2025 after a decade

Live Mint  

The Auto Expo is set to return to the national capital in 2025, after a decade. India's flagship biennial motor show will be organized next year under the Bharat Mobility umbrella in New Delhi's Pragati Maidan, 10 years after the exhibition was moved to Greater Noida, Uttar Pradesh, in 2014. A ticketed event attracting retail footfall Under the Bharat Mobility …

India Mobility Indian Auto New Delhi Expo Bharat