Maruti Suzuki Toyotsu India opens first vehicle scrapping unit in Noida

Maruti Suzuki Toyotsu India (MSTI), a joint venture (JV) between Maruti Suzuki India (MSIL) and Toyota Tsusho Corporation, has opened its first govement-approved Vehicle Scrap and Recycling (ELV) unit in Noida, Uttar Pradesh. Built with an investment of Rs 44 crore, the 10,993 square meter facility...

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New Honda Civic awarded 5 star safety rating by ASEAN NCAP

The sedan scored 29.27 out of 32 in the Adult Occupant Protection (AOP) category, 46.72 out of 51 points in the Child Occupant Protection (COP) category, and 19.07 points for safety assist technologies (SATs) out of a possible 21. The eleventh generation Honda Civic was recently tested by the ASEAN...

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eBikeGo acquires Kustard Technologies for EV telematics and fleet management systems

eBikeGo, an electric two-wheeler mobility platform, has acquired tech firm Kustard Technologies, a digital product and innovation studio, for $2 million. Kustard Technologies has experienced growth in the three years since its inception, expanding at a profitable rate of 60 percent prior to the acqu...

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Spark Minda Group acquires Stoneridge JV stake, eyes more acquisitions in future with a $100 million investment plan

Minda Corp. has lined up over $100 million (about Rs 750 crore)  of investment in the next three years to outpace the slowing market by aiming to transform into a supplier of entire systems as opposed to just a few parts to automakers. Minda Corp., part of Ashok Minda's Spark Minda Group, boug...

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Maruti Suzuki domestic PV sales fall 33% to 108,991 units in October

New Delhi: India’s largest carmaker Maruti Suzuki India Limited (MSIL), reported a 33.4% decline in its domestic passenger vehicle sales to 108,991 units in October 2021. The company sold 163,656 units in October last year. Total domestic sales of Maruti Suzuki (including passenger cars ...

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Made-In-India Maruti Suzuki Baleno Gets Zero Stars In Latin NCAP Crash Test - Autonexa

The made-in-India Maruti Suzuki Baleno has just been put through the Latin NCAP crash and emerged with a score of zero stars. The model tested was manufactured at the Maruti Suzuki plant in Gujarat and exported to Latin American markets. Earlier this year, another Indian-made Suzuki car, the Swift, ...

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Uber partners with Hertz to offer 50,000 Tesla rentals to US ride-hail drivers

Uber Technologies Inc said on Wednesday it is launching a new partnership with car rental company Hertz to offer 50,000 Tesla Inc vehicles as a rental option to its ride-hail drivers by 2023. Uber drivers can rent a Tesla through Hertz starting November 1 in Los Angeles, San Francisco, San Diego, a...

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Maruti Suzuki profit falls 66% to INR 487 cr in Q2 FY22 - Autonexa

New Delhi: Maruti Suzuki India Limited (MSIL), the country's largest automaker, on Wednesday reported a 65.7% drop in its consolidated profit to Rs 486.9 crore Q2 FY22  from INR 1419.6 crore in the corresponding quarter of last year. Its total revenue from operations was INR 20,550.9 crore in ...

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Car Discounts Slips To Three-Year Low This Festive Season As Semiconductor Issue Plays Spoilsport

Car buyers generally look for the festive season period, as it is the most auspicious time of the year for any purchase. Even automakers are trying to capitalize on-demand with an attractive discount across their model range. However, buyers may be a bit disappointed this year. According to data com...

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