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Tata Motors reported 5 per cent decline in global sales, including that of Jaguar Land Rover (JLR) vehicles, at 1,45,459 units in March. The company had sold 1,53,156 units in March 2018. In the passenger vehicle category, global sales stood at 88,296 units last month as against 96,757 units in March 2018, down 9 per cent. […]

Ford Motor is nearing a deal with Mahindra & Mahindra to form a new joint-venture company in India, a move that will see the US automaker cease its independent operations in the country. Ford will form a new unit in India in which it will hold a 49% stake, while Mahindra will own 51%. The […]

Mahindra & Mahindra, the largest seller of tractors in the world by volumes, expects 50 per cent of its overall tractor revenue to come from locations outside India in the next 5-7 years. At present, only about 33 per cent of annual tractor revenue comes from locations abroad. https://www.thehindubusinessline.com/todays-paper/tp-news/article26788463.ece

Passenger vehicle sales growth slowed to its lowest rate in last five years as liquidity tightening in the market, uncertainty ahead of elections affected consumer sentiments. passenger vehicle sales grew 2.7% to 3,377,436 units in FY19. https://economictimes.indiatimes.com/industry/auto/auto-news/passenger-vehicle-sales-grow-2-7-in-fy19-siam/articleshow/68774026.cms

Commercial vehicle major Ashok Leyland is looking to set up more assembly plants overseas, including the CIS region and African countries, as part of plans to scale up its global operations. The company is banking on its new range of medium and heavy commercial vehicles (M&HCV) and light commercial vehicles (LCVs) to help it enter […]

Europe’s second largest car maker Groupe PSA officially announced its entry in India. The company will be adopting a top down strategy for India and will begin sale with Citroen C5 SUV before the end of 2020, followed by range of locally produced models before the end of 2021. https://auto.economictimes.indiatimes.com/news/passenger-vehicle/cars/psa-citroen-unveils-first-product-c5-aims-2-market-in-share-in-next-4-5-years/68703977

Tata Group’s automotive component manufacturing arm Tata AutoComp Systems entered into a joint venture with Chinese company Guoxuan High-Tech to manufacture battery packs for electric cars. The joint-venture company has started a prototype manufacturing operation in Pune. https://auto.economictimes.indiatimes.com/news/industry/tata-autocomp-to-make-battery-packs-for-evs-signs-a-jv-chinese-company-guoxuan-hi-tech/68726281

The country’s largest car maker Maruti Suzuki India (MSI) cut vehicle production by around 21 per cent across its factories in March due to subdued demand. The auto major produced a total of 1,36,201 units in March, including Super Carry LCV, down 20.9 per cent from 1,72,195 units in the year-ago period. https://auto.economictimes.indiatimes.com/news/passenger-vehicle/cars/maruti-cut-vehicle-production-by-around-21-in-march/68731868

Government bodies like Energy Efficiency Services Limited (EESL), Rajasthan Electronics and Instruments Limited (REIL) and National Thermal Power Corporation (NTPC) has floated tender for over 500 electric vehicle charging stations in the last two months. https://auto.economictimes.indiatimes.com/news/industry/government-bodies-float-tenders-for-500-ev-charging-stations/68705263

Even as Bajaj Auto has commercially launched its quadricycle ‘Qute’ in the Indian market, the automobile marker is already holding talks with leading cab aggregators Uber and Ola for plying the new vehicle in the domestic ride-hailing segment. https://www.business-standard.com/article/companies/bajaj-auto-to-tie-up-with-uber-ola-for-its-quadricycle-qute-119040300698_1.html