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Mercedes-Benz Group AG expects returns to decline this year. Here's why

Published on Feb 22, 2024 02:08 PM IST

The manufacturer is forecasting an automaking margin of as low as 10%, down from 12.6% last year

The Mercedes-Benz logo is displayed on the front of a Mercedes-Benz CLE Cabriolet passenger car at the Annual Results Conference of the Mercedes-Benz Group AG in Stuttgart, southern Germany (AFP)
Bloomberg |

This Hyundai SUV shatters records: 10 lakh units sold and counting!

In the mid-size SUV segment, the Hyundai SUV competes with models such as Kia Seltos, Maruti Suzuki Grand Vitara, Toyota Urban Cruiser, Honda Elevate.

2020 Hyundai Creta
Published on Feb 19, 2024 09:39 PM IST

‘Double digit revenue next fiscal’: Hero MotoCorp CEO on 2-wheeler industry

The country's largest two-wheeler maker also expects the entry level segment to do better going ahead

Customers look at a Hero MotoCorp Karizma motorbike at a Hero MotoCorp showroom in the western Indian city of Ahmedabad(Reuters file)
Published on Feb 18, 2024 02:45 PM IST
PTI |

Maruti Suzuki 5-door Jimny unveiled in Indonesia, to cost 9 lakh more

In India, the 5-door Jimny was launched in June 2023. In October, the automaker began selling the SUV in overseas markets.

The 5-door Jimny was launched in India in June 2023. (File Image)
Published on Feb 17, 2024 02:15 PM IST
By, New Delhi

Mahindra to equip its upcoming electric SUVs with Volkswagen components

Volkswagen to supply EV components and battery cells to Mahindra in India

A Volkswagen logo is pictured at Volkswagen's headquarters in Wolfsburg, Germany.(REUTERS)
Published on Feb 16, 2024 08:26 PM IST
Bloomberg | | Posted by Singh Rahul Sunilkumar

BYD Seal to launch on March 5 as Chinese EV maker's third car in India

The ‘world’s most popular EV manufacturer' already sells Atto 3 and e6 electric cars in the country.

BYD Seal EV showcased in India at the Auto Expo 2023. The Chinese EV maker will finally launch the electric sedan in India on March 5.
Published on Feb 16, 2024 12:46 PM IST
By, New Delhi

After Tata Motors & MG slash prices, are EVs costlier than petrol, diesel cars?

Launched in 2020, the Nexon.ev was India's cheapest electric SUV until the launch of Tata's Punch EV at ₹12 lakh in 2024

Tata's electric car Nexon EV was launched in 2020
Published on Feb 14, 2024 12:26 PM IST

Tata Motors EVs get price cut of up to 1.2 lakh

Accordingly, Tiago.ev now starts at ₹7.99 lakh, while Nexon.ev starts at ₹14.49 lakh.

Nexon EV (pictured here) now starts at <span class='webrupee'>₹</span>14.49 lakh
Updated on Feb 14, 2024 07:29 AM IST
Reuters |

Entry-level cars below 5 lakh witness a sharp decline in demand

Demand for entry-level cars below ₹5 lakh has sharply declined in India, with their market share dropping from 33.6% in 2015 to 0.03% in 2023.

Entry-level car sales have decreased in India. (Sanjeev Verma/HT PHOTO)
Published on Feb 12, 2024 06:45 PM IST

FAME-II incentives for electric vehicles to be offered on ex-factory prices

The ex-factory prices of vehicles do not include GST, freight, and dealer margins.

The announcement was made in a Gazette notification on Friday. ((Ramesh Pathania / Mint Archive))
Published on Feb 10, 2024 09:01 PM IST

Kia Motors unveils Carnival HEV with hybrid powertrain. Check details

The 2025 Kia Carnival made its global debut at the ongoing Chicago Auto Show.

Kia Carnival 2025 (Image courtesy: Kia Motor)
Published on Feb 10, 2024 04:21 PM IST
By, New Delhi

Tata Punch tops January SUV sales, Maruti's Frontx drives into Top 5

Maruti Fronx races into the Top 5 in best-selling SUVs, outpaces Hyundai and Kia models.

Maruti's Fronx secured a spot in the top 5(Maruti)
Published on Feb 09, 2024 06:06 PM IST

Elon Musk's Tesla sold only 1 electric car in South Korea in January. Here's why

Carmakers are facing a slowdown in enthusiasm for EVs in South Korea as higher interest rates and inflation prompt consumers to rein in spending

Elon Musk, Chief Executive Officer of SpaceX and Tesla.(REUTERS)
Published on Feb 09, 2024 10:31 AM IST
Bloomberg |

‘Mr Bean’ actor Rowan Atkinson faces flak over his article on EVs. What he said

Rowan Atkinson had headlined the article as,"I love electric vehicles - and was an early adopter. But increasingly I feel duped."

Rowan Atkinson celebrates Mr Bean's 25th anniversary at Buckingham Palace in this file photo.
Updated on Feb 08, 2024 08:48 AM IST

Ola Electric weighs bid for lithium mining rights, says report

Government auctions lithium mining rights, Ola Electric may participate.

Bhavish Aggarwal, co-founder and CEO of Ola, poses for a photograph with the new Ola electric scooter during its launch at the Ola headquarters in Bangalore on August 15, 2021. (AFP)
Published on Feb 07, 2024 06:14 PM IST

Why Honda is recalling over 7.5 lakh vehicles in US?

Honda recalls over three quarters of a million vehicles in the US.

The Honda logo(REUTERS)
Published on Feb 06, 2024 10:25 PM IST
AP | | Posted by Singh Rahul Sunilkumar

Tesla ordered to pay $1.5 million over alleged hazardous waste violations

Elon Musk's Tesla has been ordered to pay USD 1.5 million over alleged hazardous waste violations in California.

The logo of car manufacturer Tesla (Reuters)(REUTERS)
Published on Feb 05, 2024 03:59 PM IST
PTI |

Mercedes sees strong cash flow following focus on top models

Industrial cash flow amounted to €11.3 billion ($12.3 billion), the company said late Thursday in preliminary figures.

Mercedes-Benz Group AG rose after reporting better-than-expected cash flow for last year as the luxury-car maker pivots to focus on its most profitable models.(File photo)
Published on Feb 02, 2024 04:09 PM IST
Bloomberg |

Auto makers start 2024 on high note, report growth in January sales

Some of the biggest auto makers in the country saw a significant growth in the first month of 2024.

Tata Motors and Mahindra recorded immense growth in January 2024(Reuters)
Published on Feb 01, 2024 09:27 PM IST
PTI |

How China overtook Japan as world's biggest vehicle exporter

The country had already been shipping more vehicles than Japan on a monthly basis, but Wednesday's data confirmed that it was also number one for a whole year.

FILE PHOTO: A view shows new cars produced by Chinese automaker JAC unloaded from a ship at a commercial port in Vladivostok, Russia (REUTERS)
Published on Jan 31, 2024 03:14 PM IST
AFP |

Should Tesla change state? Elon Musk launches poll after $56bn pay deal setback

Elon Musk is not entitled to the landmark compensation package valued at over $55 billion at Tesla, a Delaware court said.

FILE PHOTO: Tesla CEO Elon Musk (REUTERS)
Published on Jan 31, 2024 08:53 AM IST

Elon Musk's Tesla loads up on AI hardware to improve self-driving software

Tesla CEO Elon Musk said he plans to buy chips from Advanced Micro Devices Inc. as part of a spending spree on computing hardware to handle AI.

Elon Musk has said that he plans to buy AMD chips as an AI investment.(AFP/File Photo)
Published on Jan 29, 2024 05:44 PM IST
Bloomberg |

Hero-owned Surge unveils S32, a 'Batmobile'-like convertible EV. Details

The EV can transition from a rickshaw to scooter in just three minutes.

Surge S32 EV (Image courtesy: Hero Motocorp.)
Published on Jan 28, 2024 09:04 AM IST
By, New Delhi

Karizma-based CE001 unveiled as tribute to Hero Group founder Brijmohan Munjal

The bike is a limited edition offering, and will have only 100 units.

Hero CE001 (Image courtesy: Hero Motocorp.)
Published on Jan 27, 2024 03:56 PM IST
By, New Delhi

Ola e-bike services now available in Delhi, Hyderabad too. Check fares

Also, the company will increase deployment of e-bikes in Bengaluru, where it is headquartered, and witnessed ‘massive pilot success’ last year.

Ola e-bike service (Image courtesy: Ola)
Published on Jan 27, 2024 10:57 AM IST
By, New Delhi

Porsche Macan EV launched in India at 1.65 crore

For now, only the Macan Turbo variant will go on sale, and deliveries will commence in the second half of the year.

Porsche Macan (Image courtesy: Porsche India)
Published on Jan 26, 2024 04:11 PM IST
By, New Delhi

On Tesla's new mass-market EV, a word from CEO Musk: ‘Workers will have to…''

The project has been codenamed ‘Redwood’ and will enter production in the second half of 2025.

Tesla CEO Elon Musk (File Photo/AP)
Published on Jan 26, 2024 02:25 PM IST
By, New Delhi

Tesla plans new mass market EVs, codenamed ‘Redwood’: Report

The models will include an entry-level $25,000 car, the report said.

The logo of EV manufacturer Tesla (REUTERS)
Published on Jan 25, 2024 12:51 PM IST
Reuters |

Hero Xtreme 125R launched at 95,000, rivals TVS Raider

The bike comes in two variants – the base IBS model and the top ABS model ( ₹99,500; ex-showroom).

Xtreme 125R (Image courtesy: Hero Motocorp)
Published on Jan 24, 2024 03:29 PM IST
By, New Delhi

This carmaker overtakes Volkswagen as China's best-selling car brand

China's best-selling car brand reflects the lead of Chinese automakers in affordable and hi-tech EVs.

BYD Co. E5 electric vehicles in taxi livery at a lot in Shenzhen, China on Wednesday, 17 January 2024.(Bloomberg)
Published on Jan 23, 2024 02:49 PM IST
Bloomberg | | Posted by Singh Rahul Sunilkumar
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