Business

Behind Tata Motor’s big-bang buyout and the eventual turnaround of the iconic but troubled Jaguar Land Rover (JLR) brand, there was an old tale of abject humiliation meted out to Ratan Tata and his passenger car business team by some officials at American giant Ford Motors, who formerly owned the …

Mumbai: The Indian subsidiary of South Korea’s Hyundai Motor Company (HMC) will aim for qualitative and sustainable growth instead of only chasing market share and volumes, senior company executives told ET ahead of the company’s IPO which opens on October 15. Hyundai Motor India Ltd’s (HMIL) market share has ranged …

Tata Technologies Ltd’s joint venture with BMW Group will trigger interest among other global automakers to forge similar partnerships with Indian companies, said a senior executive. As confidence grows in Indian firms for handling proprietary technology, global automakers will look to take advantage of it, Warren Kevin Harris, CEO & …

The upcoming Rs 27,870 crore initial public offering of the Indian arm of South Korean automaker Hyundai, the first such instance of the company listing its subsidiary in an overseas market, is aimed to further Indianise operations, a senior company official said on Friday. Hyundai Motor India Ltd’s initial public …

Ford Motor Company chairman Bill Ford Saturday said he is “saddened” by the death of industry titan Ratan Tata earlier this week. “Ratan was a leader of vision and integrity and proved to be an excellent steward of Jaguar and Land Rover,” Ford said in a statement. Tata’s legacy will …

Mumbai: An increasing number of mainstream car buyers in the country are opting for automatic transmission (AT) vehicles despite their higher price tags, lured by smoother driving experiences and improved fuel efficiency. Once considered a luxury, ATs now represent approximately 26% of mass-market vehicle sales in the country, a significant …

Kinetic Engineering Ltd will invest Rs 30 crore in its subsidiary Kinetic Watts and Volts as it looks to focus on expanding research, development, and manufacturing capabilities of the new venture, the company has said. Pune-based auto component maker Kinetic Energy had in 2022 announced the setting up a subsidiary …

Long-wheelbase or stretch luxury sedans of Mercedes-Benz, BMW and Audi among others are gaining traction among senior company executives and high net worth individuals, pushing automakers to increasingly roll out such vehicles. This reflects a rare bright spot in the Indian auto market where surging SUV sales have been eclipsing …

Passenger vehicle wholesales India witnessed declined 1 per cent year-on-year to 3,56,752 units in September. The total dispatches to dealers from companies stood at 3,61,717 units in September 2023, the Society of Indian Automobile Manufacturers (SIAM) said in a statement. Total two-wheeler sales, however, rose 16 per cent year-on-year to …

As per several media reports, Bajaj Auto is planning to launch the Pulsar N125 in India on October 16, 2024. The auto major has sent media invite for this date. This new motorcycle aims to compete with popular models like the TVS Raider 125 and the Hero Xtreme 125R. Focusing …