Business

Bajaj Auto Ltd, a prominent player in India’s two-wheeler market, on Wednesday announced an investment of up to $10 million in its fully-owned subsidiary, Bajaj Do Brasil Comercio De Motocicletas Ltda, commonly known as Bajaj Brazil. The investment, approximately ₹84 crores at current exchange rates, is designed to support business …

Motorcycle sales in the ongoing festive season so far are below expectations as demand is muted and the industry will be lucky if it sees 3-5 per cent growth compared to last year, Bajaj Auto Executive Director Rakesh Sharma said on Wednesday. While there are still about 15 more days …

Mumbai: Bajaj Auto‘s net profit went up 9% in the September quarter over the year-ago period, driven by a robust operational performance across two- and three-wheelers in the exports and domestic markets and a higher contribution of pricier models in the overall product mix. The earnings were almost in line …

New Delhi: Only three out of 15-odd passenger vehicle makers in India recorded sales growth in the first half of this fiscal year, underscoring continued weak consumer sentiment and sluggish demand in the world’s third-largest automobile market. Mahindra & Mahindra (M&M), Toyota Kirloskar Motor and Kia India reported higher sales, …

In an ET exclusive interview with KumKum Dasgupta, Mercedes-Benz board member Renata Jungo Brüngger lays out the luxury and commercial carmaker’s elaborate plans for a sustainable business – they go beyond climate protection. India is a growing market for Mercedes-Benz. Recently, it sold 5,117 vehicles in Q3 2024, marking a …

Maruti Suzuki India Limited has reached a significant milestone, with the Manesar facility crossing the 1 crore cumulative production mark. According to Maruti Suzuki, the vehicle to roll out from the plant was the popular compact SUV, Brezza, underscoring the automaker’s growing presence in the SUV segment. The Manesar plant …

Chennai, Hyundai Motor India, the subsidiary of Korean auto major Hyundai, has submitted the pre-feasibility report to take up revamping and modernisation of its facility in Tamil Nadu at an outlay of Rs 1,500 crore. The expansion at the existing facility at Irungattukottai near here would create an additional 155 …

Ferrari has unveiled its first new supercar in more than a decade, a ₹3.6 million ($3.9 million) car that’s a futuristic twist on a famous 1980s design. The new F80 – with a 1,200-horsepower V6 hybrid engine – is one of the Italian luxury manufacturer’s most expensive models ever, and …

The US opened a federal investigation into whether Tesla‘s partial-automation system marketed as Full Self-Driving is defective after a series of crashes, one of which resulted in a fatality. The National Highway Traffic Safety Administration said Friday it will assess whether Tesla’s system, also known as FSD, has the ability …

New Delhi: Led by robust demand in the festive period, Maruti Suzuki India and Tata Motors are looking to have record retail sales in October. The companies are also eyeing bumper deliveries to customers on Dhanteras. The country’s largest carmaker, Maruti Suzuki, said it has delivered about 30,000 units to …