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Mumbai (Maharashtra) [India], July 3 (ANI): In a major move to boost industrial development and job creation in Maharashtra, the Cabinet Sub-Committee on Industries, chaired by Chief Minister Devendra Fadnavis, today approved investment proposals worth Rs 1,35,371.58 crore in thrust sectors and high-technology-based industries. These projects are expected to generate around 1 lakh direct and indirect employment opportunities across the state. Also Read | 'I Will Come Again': Man Posing As Deli ...Read More >
EV Market: India's electric vehicle market is undergoing a dramatic shift. Previously in Tata Motors' control, the segment is now experiencing intense competition following the tie-up of Mahindra and MG to corner a massive 53% share. Fresh sales figures from June 2025 reveal how competitors are reconfiguring the electric vehicle battle, forcing Tata to reevaluate its steps. 13,033 electric vehicles were registered in June 2025 in India. This is a whopping 78% rise over June 2024, though EVs sti ...Read More >
New Delhi: The mood at Hyundai Motor India Ltd's office in Gurugram isn't exactly upbeat today. Passenger vehicle sales data for June were released on 1 July. And for the South Korean carmaker, once the No. 2 in India by some distance, it once again made for dismal reading. The company has finished behind Mahindra and Mahindra four out of six months this calendar year. Indeed, it has trailed the Indian company every month this fiscal year. And that is bad news for José Munoz. In January, Munoz ...Read More >
New Delhi, Jul 2 (PTI) Hyundai Motor India Ltd on Wednesday said its popular SUV model Creta has emerged as the best-selling passenger vehicle in the domestic market in June this year. Creta was the highest-selling model in the country for June 2025 with 15,786 units sold in the month, Hyundai Motor India Ltd (HMIL) said in a statement. Maruti Suzuki India's compact sedan Dzire was the second-best-selling model with 15,484 units in June followed by its compact SUV Brezza with 14,507 units in t ...Read More >
New Delhi [India], July 2 (ANI): Maruti Suzuki reported a decline in its domestic passenger vehicle sales in June 2025; however, the company reported a 22 per cent increase in exports. According to company data, total domestic passenger vehicle sales fell to 1,18,906 units in June 2025 compared to 1,37,160 units in the same month last year. This marks a drop of 13.3 per cent year-on-year for June. The decline in sales was also visible in the first quarter of FY2025-26. From April to June 2025, ...Read More >
Kolkata (West Bengal) [India] July 2 (ANI): West Bengal Irrigation Minister Manas Ranjan Bhunia has strongly condemned the alleged gangrape incident in Kasba, Kolkata. "Our party strongly condemns the Kasba incident. I, Manas Bhunia, also strongly condemn it," he said. Bhunia appreciated the police's prompt action in the case, saying that they had made immediate arrests. "The police have taken prompt action and made immediate arrests. Our Chief Minister does not tolerate such incidents," he add ...Read More >
New Delhi, Jul 1 (PTI) Amid high surveillance, tight security and multi-agency coordination, the fuel ban on overage vehicles kicked in Delhi on Tuesday, with 24 such vehicles being impounded, officials said. Petrol pumps across Delhi have been asked not to provide fuel to end-of-life (EoL) vehicles starting Tuesday under the directions of the Commission for Air Quality Management (CAQM), with the Transport Department along with the Delhi Police and traffic personnel putting in place a detailed ...Read More >
Car stolen in 60 seconds: Delhi gang breaks Creta window, hacks its security; CCTV captures robbery Early morning in New Delhi, a Hyundai Creta was stolen in a mere 60 seconds. CCTV footage shows a group arriving in a car, breaking into the vehicle, and hacking.. IndiaTimes 5 hours ago CCTV Footage of Evin Prison Blast: 71 KILLED in Israeli STRIKE on Iranian Jail | Visitors Among Dead Israel's June 23 airstrike on Tehran's infamous Evin Prison has left 71 people dead, according to Iranian ju ...Read More >
New Delhi, July 1: Bhavish Aggarwal-led Ola Electric sold 20,189 electric scooters in the month of June -- a massive 45 per cent drop (year-on-year) compared to 36,859 units from the same month previous year (June 2024), the government's VAHAN data showed on Tuesday. This decline has taken a toll on its market share, which has shrunk from 46 per cent in June 2024 to just 19 per cent now. The situation is no better on the stock market. Ola Electric, which is nearing the one-year mark since its p ...Read More >
New Delhi, July 1 (SocialNews.XYZ) Bhavish Aggarwal-led Ola Electric sold 20,189 electric scooters in the month of June -- a massive 45 per cent drop (year-on-year) compared to 36,859 units from the same month previous year (June 2024), the government's VAHAN data showed on Tuesday. This decline has taken a toll on its market share, which has shrunk from 46 per cent in June 2024 to just 19 per cent now. The situation is no better on the stock market. Ola Electric, which is nearing the one-year ...Read More >
India's love for small cars is under pressure. Demand for hatchbacks has fallen sharply in the last two years, forcing the industry to rethink. Now reports suggest the government might soften fuel efficiency norms after automakers, especially Maruti Suzuki, raised concerns. If this change goes ahead, it could revive interest in compact cars. Maruti Suzuki remains one of India's top-selling brands, with bestsellers like Alto and WagonR ruling city roads for years. Earlier, these smaller models c ...Read More >
New Delhi, Jun 27 (PTI) The initial share sale of HDB Financial Services Ltd, a subsidiary of HDFC Bank, got subscribed 16.69 times on the closing day of bidding on Friday, amid encouraging participation from institutional buyers. The initial public offer (IPO) received bids for 2,17,67,62,140 shares against 13,04,42,855 shares on offer, according to details available on the NSE. Qualified Institutional Buyers (QIBs) part garnered 55.47 times subscription while the category for non-institution ...Read More >
New Delhi, Jun 26 (PTI) The initial share sale of HDB Financial Services Ltd, a subsidiary of HDFC Bank, subscribed 1.16 times on day two of the offer on Thursday. The Rs 12,500-crore initial public offer (IPO) received bids for 15,11,23,780 shares against 13,04,42,855 shares on offer, according to details available on the NSE. Non-institutional investors part attracted 2.29 times subscription, while the quota for qualified institutional buyers (QIBs) subscribed 90 per cent. The portion for re ...Read More >
New Delhi [India], June 2 (ANI): Elon Musk-owned electric car manufacturer Tesla is not interested in manufacturing in India, instead, they are opening showrooms, Union Minister for Heavy Industries HD Kumaraswamy told reporters on Monday. 'Tesla, we are not actually expected from them, they are only to start showrooms. They are not interested in manufacturing in India,' the minister said. Heavy Industry Secretary Kamran Rizvi added, 'So the real intent we'll know when we open the application ...Read More >
New Delhi, Jun 2 (PTI) Global automobile makers including Mercedes Benz, Skoda-Volkswagen, Hyundai and Kia have shown interest in manufacturing electric cars in India, Union Heavy Industries Minister H D Kumaraswamy said on Monday. The said companies have expressed interest during the stakeholder discussions between the government and the industry regarding the 'Scheme to Promote Manufacturing of Electric Passenger Cars in India', the detailed guidelines for which were unveiled by the minister. ...Read More >
New Delhi, Jan 2 (PTI) Stakeholders from the electric vehicle (EV) sector will hold a meeting with Commerce and Industry Minister Piyush Goyal here on January 3 on issues, including infrastructure related to charging and battery swapping, sources said. They said that officials from the Department of Heavy Industries are expected to attend the meeting. Representatives from Tata, Mahindra, Mercedes-Benz India, Hero MotoCorp, and other companies have been invited to the deliberations, they added. ...Read More >
New Delhi, Jan 2 (PTI) Stakeholders from the electric vehicle (EV) sector will hold a meeting with Commerce and Industry Minister Piyush Goyal here on January 3 on issues, including infrastructure related to charging and battery swapping, sources said. They said that officials from the Department of Heavy Industries are expected to attend the meeting. Also Read | SOF NSO Results 2024-25 Out at sofworld.org: National Science Olympiad Exam Result Released, Get Direct Link and Know Steps To Downl ...Read More >
NEW DELHI (Reuters) - Elon Musk's Tesla has resumed its search for showroom space in New Delhi, two sources told Reuters, in the first sign it is rethinking entering the Indian market after putting its investment plans on hold earlier this year. Musk said in April he would meet Indian Prime Minister Narendra Modi during a trip where he was to potentially announce an investment of $2-3 billion in India. However, he called off his visit at the last moment after Tesla decided to sack 10% of its st ...Read More >
NEW DELHI: The Indian Institute of Technology Delhi (IIT Delhi), in collaboration with Hyundai Motor Group has entered into a strategic memorandum of understanding (MoU) to advance innovation in electric vehicle (EV) and battery technology. This partnership aims to drive transformative research and development that will shape the future of sustainable mobility in India. Under the MoU, the Hyundai Center of Excellence (CoE) will be established at IIT Delhi. This is a joint collaboration with two ...Read More >
CHENNAI: Hyundai Motor Group has partnered with three Indian Institutes of Technology (IITs) to establish a collaborative research system in the fields of batteries and electrification. The three institutes are IIT Madras, IIT Delhi and IIT Bombay. The Hyundai Centre of Excellence (CoE), which will be set up on IIT Delhi campus, will operate through sponsorships from Hyundai Motor Group. The primary objective of the Hyundai CoE is to take the lead in driving advancements in batteries and elec ...Read More >
The report highlighted that the investors appear to be exercising caution, reflecting a shift in confidence toward new market entrants. It said, "A mix of disappointing IPO listing and a sharp decline in market sentiments has resulted in reduction in IPO subscription in last 2 months." The report stated that during the current financial year (FY2024), 54 IPOs have been listed, of which 38 are trading above their issue price, suggesting a mixed performance. It added that the historical data fr ...Read More >
Seoul : Hyundai Motor, South Korea's biggest carmaker, said on Monday its sales fell 3.7 per cent last month from a year earlier due to a slowdown in vehicle demand. Hyundai Motor sold 355,729 vehicles in November, down from 369,356 units a year earlier, the company said in a statement. Domestic sales slumped 12.3 per cent to 63,170 units, while overseas sales slipped 1.6 per cent to 292,559, the statement said. From January to October, its sales dropped 1.7 per cent to 3,809,424 units from 3 ...Read More >
New Delhi: 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. This marked an increase from 134,158 units sold in November 2023. However, the company's sales in Octob ...Read More >
The JSW Group has lined up $70 billion of capital investments over the few years in sectors steel, cement, energy and paint besides an ambitious foray into automobiles. In a wide-ranging interview with Moneycontrol, Sajjan Jindal, Chairman and Managing Director, JSW Group spoke about the group's business roadmap, his passion for sports and how the Jindal brothers compete in business while maintain family ties. Edited Excerpts: Mr. Jindal, welcome to Moneycontrol. There is a lot of talk about pr ...Read More >
The criticism followed the launch of Mahindra's new electric vehicle range, including the BE6e and XEV 9e. Anand Mahindra, chairman of the Mahindra Group, has responded to a critical tweet targeting the company's car designs, service quality, and reliability, even comparing it unfavourably to competitors like Hyundai. This came after Mahindra launched its new electric vehicle range, the BE6e and XEV 9e. The scathing X post, in part, read, "Every single product of yours is for those who don't s ...Read More >
India plans to expand electric vehicle incentives to automakers building models at existing factories in the country, instead of limiting the benefits to automakers willing to build new plants, a person with direct knowledge of the matter said. India's EV policy, which is still being finalised, was originally designed to encourage Tesla to enter the market and manufacture locally but the U.S. automaker backed off from those plans earlier this year. Other foreign automakers have shown interest ...Read More >
NEW DELHI (Reuters) - India plans to expand electric vehicle incentives to automakers building models at existing factories in the country, instead of limiting the benefits to automakers willing to build new plants, a person with direct knowledge of the matter said. India's EV policy, which is still being finalised, was originally designed to encourage Tesla (NASDAQ:TSLA) to enter the market and manufacture locally but the U.S. automaker backed off from those plans earlier this year. Other ...Read More >
The Hyundai Tucson has received 5-star rating on the Bharat NCAP crash test and has become the first Hyundai SUV to do so. The most premium SUV offered by the South Korean manufacturer joins the Mahindra and Tata SUVs in the list of 5 star SUVs offered in India. The Hyundai Tucson scores 30.84 out of 32 in the adult occupant protection. It has scored 41 out of 49 in the child occupant protection. It received OK in the side pole impact test. The model of Hyundai Tucson that was tested by the Bha ...Read More >
The Centre has identified eight automakers, including Hyundai, Kia, Mahindra, and Honda, for exceeding fleet emission limits in FY22-23, potentially facing penalties totaling around Rs 7,300 crore. The Centre has flagged eight automobile manufacturers, including Hyundai, Kia, Mahindra, and Honda, for failing to comply with mandated fleet emission standards in the financial year 2022-23. This non-compliance could lead to hefty penalties totaling around Rs 7,300 crore, as reported by The Indian E ...Read More >
Seoul, November 27: Hyundai Motor said on Wednesday it will buy back 1 trillion won ($716 million) worth of its own shares as part of efforts to boost its shareholder value. In the buyback plan approved by the board of directors, Hyundai will repurchase 4.66 million shares, worth 1 trillion won, within a three-month period starting Thursday, the company said in a regulatory filing. They account for 1.7 per cent of the company's overall listed shares. Hyundai said the purpose of the repurchase i ...Read More >
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