MG Motor India anticipates accelerated growth path with JSW Group's investment, says CEO Emeritus Rajeev C
MG Motor India is poised for rapid growth with the backing of JSW Group as an investor, according to CEO Emeritus Rajeev Chaba. The company has already established a strong foundation in technology, customer experience, gender diversity, and community service. Chaba expressed optimism about the future, stating, Now with the investor coming in, definitely I would expect an accelerated growth path, and more aggressive expansion plans. Key Points
Economic Times10 best treadmills to stay on top of your health
10 best treadmills: Bring home a companion to stay fit and healthy from our curated list of the best treadmills online in India. Check out the top options loaded with features and functionality to get your fitness journey started. Key Points
mintJSW, SAIC ink JV to run MG Motor operations in India
Our strategic collaboration with SAIC Motor aims to grow and transform the MG Motor operations in India with a focus on green mobility solutions, the JSW Group's Parth Jindal said in a media release. The announcement comes amid increased scrutiny by the Indian government on investments made by China amid border tensions. Key Points
Economic TimesCorporate affairs ministry may widen probe into the books of MG Motor India
The Ministry of Corporate Affairs (MCA) is considering expanding its investigation into MG Motor India's financial records, following Registrar of Companies' findings from a 2022 case. Separately, MCA might also scrutinize smartphone maker Vivo's books due to allegations of money laundering by the Enforcement Directorate (ED). MG Motor India denied recent queries from MCA and emphasized compliance, while Vivo did not respond to inquiries. Key Points
Economic TimesThailand, Toyota to jointly develop domestic EV industry
Thailand will work with Toyota Motor Corp (7203.T) in developing the country's electric vehicle (EV) industry, Prime Minister Srettha Thavisin said after a meeting with the automakers' executives. Key Points
ReutersProvide insurance cover to staff travelling in employers' vehicle: Irdai tells insurers
New Delhi, Oct 18 (PTI) Insurance regulator Irdai on Wednesday asked general insurers to provide cover to employees travelling in employer’s vehicle. The Madras High Court had directed Irdai to make IMT-29 compulsory as an in-built coverage for employees while issuing a private car policy for such vehicles. IMT stands for India Motor Tariff. “All […] Key Points
ThePrintMG Motor drives in Gloster Blackstorm edition at Rs 40.29 lakh
The MG Gloster represents a timeless symbol of comfort, luxury, and modern technology. Taking this legacy, a step further, the Gloster Blackstorm exudes even more confidence and determined sportiness, MG Motor India Deputy Managing Director Gaurav Gupta said in a statement. Key Points
Economic TimesSouth Korea's Hyundai to invest $2.45 billion in India
Hyundai's move comes a few weeks after the federal government said it would raise taxes on imported cars and motorbikes, including electric vehicles (EVs), as it seeks to boost local manufacturing. India's EV industry has grown rapidly, with domestic carmakers Tata Motors and Mahindra & Mahindra as well as global rivals BYD and SAIC's MG Motor lining up launches. Key Points
Economic TimesJSW in talks to pick up stakes in MG, BYD India
JSW has revived its plans to foray into the electric vehicle (EV) space after a gap of three years. Discussions are going on with both BYD and MG Motor. Key Points
FinancialexpressBest mixer grinder 1000 watts: Explore the top 9 options for effortless kitchen blending and grinding purposes
Explore the best mixer grinders 1000 watts in India, offering premium features and excellent value. Compare options to find the ideal product for your requirements. Check out all the options today! Key Points
mint
Sajjan Jindal likely to acquire up to 48% in MG Motor India, make it an Indian company
According to the broad contours agreed upon so far, Jindal is likely to own 45-48% of MG Motor India, with dealers and Indian employees owning 5-8%. SAIC will hold the rest, said multiple sources aware of ongoing discussions. The plan will lead to a minimum 51% of the equity being in Indian hands, with the Chinese becoming a minority partner with a maximum 49%. Key Points
Economic TimesMG Motor India plans festive season launch for third electric car model amid growing market competition
MG Motor India is set to launch its third electric car model this festive season, aiming to strengthen its position in the growing electric vehicle market amidst competition from established and new rivals. The upcoming launch signifies the automaker's focus on expanding its operations in India, especially in the electric vehicle segment. Rajeev Chaba, chairman emeritus of MG Motor India, highlighted the importance of electric vehicles in the Indian market, with expectations that EVs will comprise 15-20% of all passenger vehicles sold by 2030. Key Points
Economic TimesTVS Motor share price touches 52-week high as Q2 results meet street estimates; here's what brokerages say
TVS Motor share price touched 52-week high on positive Q2 results, opened at ₹1,640. TVS Motor shares gradually declined after hitting a new high, now trading at ₹1,599.15. Brokers maintain a 'buy' view on TVS Motor stock after Q2 results, expect continued outperformance. Key Points
mintAmazon Sale 2023: Get as much as 81% on home and kitchen appliances
Amazon Great Indian Festival Sale 2023: The festive season has begun and so has sale season. Check out the attractive deals on plethora of home appliances. Key Points
Hindustan TimesChinese scientists claim anti-ageing breakthrough
Researchers also test whether vitamin C may play a role in reducing the signs of ageing. Chinese researchers claimed to have identified a unique group of cells that contributes to the ageing process and might be mitigated with everyday vitamin C supplements. Key Points
The Tribune India
Chinese EV makers take centre stage at Bangkok Motor show, to unveil new models
Chinese car makers, led by Geely's Zeekr and Xpeng Motors, will pose a challenge for Japanese giants at the Bangkok International Motor Show. They aim to expand in Southeast Asia, targeting Thailand's premium EV market, intensifying competition in the region. Key Points
Economic TimesTruckers' protest: MHA agrees to keep new hit & run laws on hold
The All India Motor Transport Congress (AIMTC) has said that the Ministry of Home Affairs has agreed to put a new provision imposing ten years of punishment and fine for hit-and-run cases on hold until the next meeting of the transport Congress. The government and transporters have appealed to truck drivers to resume work. Key Points
Economic TimesMG Motor to recast dealer network ahead of deal with Sajjan Jindal Co
MG Motor India is planning to revamp its dealership network by closing underperforming dealerships and opening new ones in different locations. The move comes ahead of a potential alliance between MG Motor's Chinese parent company and a private firm owned by Sajjan Jindal, chairman of JSW Group. Key Points
Economic TimesHyundai buys GM’s Talegaon plant; to invest Rs 6,000 crore
Hyundai Motor India on Friday said it has completed the acquisition of General Motors (GM) India’s manufacturing plant at Talegaon in Maharashtra. The... Key Points
The Tribune IndiaMG 2.0: JSW sets wheels rolling for JSW MG Motor India to give India another 'Maruti moment'
JSW Group and SAIC Motor-owned MG Motor India announced a joint venture to produce electric and internal combustion engine cars in India. With JSW's 35% stake acquisition, the partnership aims to challenge Maruti and Tata Motors' dominance in Indian markets. MG plans to capture a third of the New Energy vehicle market by 2030, focusing on EVs. Key Points
Economic Times
Maruti board permits preferential share issue to Suzuki Motor Corporation
In October, the automobile major had decided to issue and allot 1.23 crore fully paid-up equity shares of Rs 5 each to Suzuki Motor, at a price of Rs 10,420.85 apiece. Key Points
Business TodayHyundai Motor India to invest Rs 20,000 crore in Tamil Nadu to develop EV ecosystem
Hyundai will setup a 1.78 lakh unit battery assembly plant, install 100 EV charging stations and also increase its IC-vehicle production. Key Points
FinancialexpressSamsung 6.5 kg front load washing machine vs other load models: Top 8 picks for you
This comparison guide highlights the Samsung 6.5 kg Front Load model alongside seven other top picks, showcasing a range of capacities, technologies, and design features. Key Points
mintBest stand fans for traditional cooling: 7 picks to consider this summer
Stand fans have been around for a long time, and it is time to upgrade to newer and better models. Check out the top 7 options available online and purchase yours before temperatures start to soar. Key Points
mintTVS Motor crosses Rs 1 lakh crore m-cap as stock jumps 4% to fresh 52-week high
TVS Motor Company reported a 59% increase in its consolidated net profit to Rs 479 crore for the third quarter ended December 31, 2023, riding on the back of robust sales across markets. The company posted a consolidated net profit of Rs 301 crore in the October-December period of the last fiscal. Key Points
Economic Times
Bajaj, TVS vroom to record profits in Q3
Bajaj Auto's revenue from operations grows 30% YoY to ₹12,114 crore in Q3FY24, with profits up 37% YoY to ₹2,042 crore and Ebitda margins at 20.1%. TVS Motor's revenue rises 26% YoY to ₹8,245 crore, with net profit up 68% to ₹593.35 crore. Key Points
mintHyundai cars in India to get costlier from January 2024
New Delhi [India], December 7 (ANI): Cars manufactured by Hyundai Motor India will cost more starting January 2024. The automaker announced on Thursday that the price increase was needed owing to rising input costs, an adverse exchange rate, and an increase in commodity prices, amongst other reasons. However, the automaker maintains it will continue to […] Key Points
ThePrintHyundai Motor Group to acquire 5% stake in Korea Zinc for stable EV battery supply
Hyundai Motor Group to acquire 5% stake in Korea Zinc for $397.74 million to secure electric vehicle battery supply chain. Key Points
mintChina’s MG Motor launches cheapest electric car in India
Starting at Rs 7.98 lakh, the two-door Comet EV offers a range of 230 kilometers on a single charge and is being pitching as an ideal ride for India's congested cities. Key Points
ThePrintMG Motor drives in Comet EV at 'most affordable' price
MG Motor India on Wednesday launched its latest model Comet at an introductory price of Rs 7.98 lakh (ex-showroom), making it the most affordable electric vehicle in the country. Key Points
The Tribune India
Hero Motor Co Share Price Live blog for 12 Jul 2023
Hero Motor Co stock price went down today, 12 Jul 2023, by -0.78 %. The stock closed at 3124.25 per share. The stock is currently trading at 3099.75 per share. Investors should monitor Hero Motor Co stock price closely in the coming days and weeks to see how it reacts to the news. Key Points
MintHero Motor Co Share Price Live blog for 03 Jul 2023
Hero Motor Co stock price went up today, 03 Jul 2023, by 2.85 %. The stock closed at 2828.75 per share. The stock is currently trading at 2909.4 per share. Investors should monitor Hero Motor Co stock price closely in the coming days and weeks to see how it reacts to the news. Key Points
MintHyundai Motor India registers highest annual sales in 2022-23 at 720,565 units
New Delhi [India], April 1 (ANI): Hyundai Motor India Ltd achieved the highest ever annual total sales volume (domestic plus exports) of 720,565 units in the just concluded financial year 2022-23 with a yearly growth of 18.0 per cent. According to a company release on Saturday, it registered domestic sales volume of 567,546 units, which […] Key Points
ThePrintCarmakers record best-ever monthly sales in January; Maruti, Hyundai & Tata lead from the front
Indian carmakers Maruti Suzuki, Hyundai Motor India, and Tata Motors reported their best-ever monthly sales in January, with volumes growing by over 13%. Maruti Suzuki sold 166,802 units, Hyundai Motor India sold a record 57,115 units driven by the newly launched Hyundai CRETA, and Tata Motors saw sales increase by 12%. Two-wheeler companies Honda Motorcycle & Scooter India and TVS Motor Company also reported significant growth. However, commercial vehicle sales were subdued, with Tata Motors experiencing a decline, and Mahindra Tractors reporting a 17% decline in sales. Key Points
Economic TimesWhy BMW ups its bets on TVS Motor Partnership, and India
TVS Motor accounts for 12% of BMW Motorrad's global production. With the new move in the electric mobility space, and with more ICE (Internal Combustion Engine) products planned for production by TVS Motor, India's role in BMW Motorrad's global scheme of things is set to grow bigger. Key Points
Economic Times
Researchers find how seaweed antioxidants help in prevention of Parkinson's
Tokyo [Japan], August 6 (ANI): The neurodegenerative condition known as Parkinson’s disease is transported by the loss of neurons that produce dopamine, a neurotransmitter essential for both Motor control and cognitive function. The number of people with Parkinson’s disease is rising quickly as the world’s population ages. Reactive oxygen species overproduction damages neurones, which causes […] Key Points
ThePrintBest kitchen fans: Top 10 options for efficient ventilation and air circulation
Discover the top 7 kitchen fans for effective air circulation and ventilation. Find the perfect option for your cooking area with our detailed comparison. Key Points
mintTruckers urged to resume work after government assurance on new hit-and-run law
Truckers protesting against the new hit-and-run law have been urged by the All India Motor Transport Association (AIMTC) to resume work. The development came after the truckers' body's key meeting with the government on the matter. Key Points
India TodayNitin Gadkari to launch Bharat NCAP today. Why it's a 'bold step'? Top points
The programme is aimed at improving road safety by raising the safety standards of Motor vehicles up to 3.5 tonnes. | Latest News India Key Points
Hindustan TimesAn Innovative EV Motor Used by Lamborghini, McLaren, and Ferrari Is Being Mass-Produced by Mercedes
Compared to the usual EV power plants, axial-flux motors are smaller and lighter, and have more torque. But they're hard to make at scale. Now Mercedes is bringing them to the masses. Key Points
WIRED
Toyota registers highest-ever monthly sales in January at 24,609 units
Toyota Kirloskar Motor announced its record-breaking monthly wholesale figures for January, having dispatched 24,609 units. This marks a notable 92% rise as compared to same month last year. Due to irregularities found in the certification tests for the diesel powertrain, the company has temporarily suspended the dispatch of its three models. Key Points
Economic TimesHyundai Motor's unit to buy General Motors' India plant
South Korea's Hyundai Motor Co (005380.KS) said on Wednesday its Indian unit will buy automaker General Motors' (GM.N) Talegaon plant in the Indian state of Maharashtra. Key Points
ReutersIndia's TVS Motor beats Q1 profit view on two-wheeler demand
India's TVS Motor (TVSM.NS) reported a bigger-than-expected rise in first-quarter profit on Monday, helped by strong demand for its two-wheelers, including its flagship electric scooter. Key Points
ReutersHyundai Motor India's April sales rise 3.5 per cent on year at 58,201 units
New Delhi [India], May 2 (ANI): Hyundai Motor India Ltd registered cumulative sales of 58,201 units in April, an increase of 3.5 per cent on a yearly basis. Of the total sales, 49,701 units were sold domestically and the rest 8,500 units in exports. The company has attributed this growth to the overwhelming response to […] Key Points
ThePrintWith more launches, TVS Motor looking to strengthen footprint in premium motorcycle segment
Vimal Sumbly, Head Business (Premium), at TVS Motor Company, told ET, the rise in tourism post Covid has spurred demand for premium motorcycles with consumers looking to explore new places with friends, family and a like-minded community. “This is supporting our premiumization drive, both in India and overseas”, he said. Key Points
Economic Times
TVS Motor to double EV volume in FY24 amid new launches
With a market share of 22% in July, TVS Motor is Indias second largest two-wheeler EV company after Ola Electric. The company has invested close to Rs 250 crore on the development of TVS X. It has guided for a capital expenditure of Rs 900-1,000 crore for the current fiscal year of which a bulk of investment would be in EV products. It sold nearly one lakh EV scooters in FY23 and 47,102 units in the first four months of the current fiscal year in India according to Vahan data. Key Points
Economic TimesHyundai rolls out new Creta
Hyundai Motor India on Tuesday launched the new facelift Creta at prices starting from Rs 11 lakh (ex-showroom). It comes with a muscular look,... Key Points
The Tribune IndiaSerious Fraud Investigation Office may launch probe into Vivo
The Ministry of Corporate Affairs plans an SFIO probe into Vivo following ED allegations of money laundering, while MG Motor India faces a broader investigation after adverse RoC findings from a 2022 case. Vivo, amidst arrests related to alleged money laundering, reaffirmed its commitment to legal compliance. ED raids in 2022 claimed ₹62,476 crore was transferred by Vivo to China. MG Motor India denies recent knowledge of an MCA probe or requests for additional details on governance standards. Key Points
Economic TimesToyota to invest nearly $400 mln for third plant in India
Japan's Toyota Motor (7203.T) on Tuesday said it will invest nearly $400 million to set up a third manufacturing facility in India as it looks to meet surging demand for its vehicles. Key Points
ReutersToyota achieves highest-ever monthly sales in Sept at 23,590 units
Toyota Kirloskar Motor reported a 53% increase in total wholesales in September, reaching 23,590 units, the highest-ever in a month for the automaker. The total sales included 22,168 domestic units and 1,422 units exported. The company's Vice President of Sales and Strategic Marketing, Atul Sood, attributed the sales performance to the growing acceptance of their diverse product portfolio. Key Points
Economic Times/cloudfront-us-east-2.images.arcpublishing.com/reuters/FTRQXKMZMJNNNNP4FOSI2OH4YM.jpg)
South Korea's Hyundai to launch more EVs in India
South Korea's Hyundai Motor Group said on Tuesday it plans to launch more electric vehicles (EVs) under the Hyundai (005380.KS) and Kia (000270.KS) brands in India, in a sign that it is betting big on the world's third-largest auto market. Key Points
ReutersChola MS achieves gross written premium of ₹6,200 cr. in FY23
Cholamandalam MS General Insurance Co. Ltd. (Chola MS) profit before tax and net profit for the year ended March has more than doubled to ₹264 crore and ₹200 crore respectively following strong growth in fire, Motor and health business. Key Points
The Hindu