Operating margins to expand by ~150-200 bps in FY 2024 with favourable product mix and stable movement in input prices ICRA pegs domestic tyre demand growth at 6-8% for FY 2024, supported by stable growth in the replacement segment and sustained demand momentum in the OEM segment. ICRA expects the demand momentum in the OEM […]
In a bid to accelerate the EV buying process, leading commercial EV maker Altigreen has partnered with Sundaram Finance – one of the most respected names in the Indian financial services sector, to provide customized retail financing solutions to its customers. As a result of the strategic tie-up, Sundaram Finance will offer its range of financial products to Altigreen’s […]
The small commercial vehicle and pickup segment in India is undergoing a transformation, where customers are now associating their identity with the asset they use for long hours every day. Tata Motors has pivoted to cater to this new customer sentiment by creating brands that cater to different customer needs and aspirations. The company’s focus […]
Lumax Auto Technologies Limited (“LATL”), a leading Tier-1 diversified automotive systems and components manufacturer, has launched its range of Lubricants and Coolants for all vehicle segments in the domestic aftermarket. Owing to the automotive industry’s significant growth, there is a rapid potential and demand that is witnessed for High performance and energy-efficient Lubricants and Coolants in the Indian automotive market. […]
Tata Motors Finance, one of India’s leading NBFC pioneering in the vehicle finance industry, launched its first dedicated IT Infrastructure Development Centre in Pune. The strategic move aims to leverage Pune’s flourishing technology ecosystem, attract expert tech talents, and establish a centralized tech solution hub for Tata Motors Finance’s digital transformation initiatives. The centre was […]
Toyota Kirloskar Motor (TKM) today announced its first-ever initiative of 4×4 experiential drives for the motoring enthusiasts from across the country. Set to be held in four zones (regional level – North, South, East and West), with a ‘Grand National 4×4 X-pedition’ by Toyota is being planned this year. These drives have been designed to […]
Uno Minda, a leading tier 1 supplier of proprietary automotive solutions to Original Equipment Manufacturers (OEMs), has announced the launch of its BS VI-compliant automotive engine oils for two-wheelers in the aftermarket. The company aims to address the growing demand for energy-efficient engine oils in the automobile industry as well as cater to the evolving […]
Castrol, India’s leading lubricant player, announced expansion of its portfolio into the Auto Care segment, with a variety of products. With this foray, the company continues to deliver on its promise to offer superior service satisfaction to vehicle owners. The new range of products include, Castrol Chain Cleaner, Castrol Chain Lube, Castrol 3-in-1 Shiner, Castrol […]
Philips Automotive Lighting, the world’s largest supplier of lamps to the automotive industry, offers products under the ‘Philips’ brand that is synonymous with quality and performance. The company caters to India’s automotive aftermarket through its 100+ reputed and loyal distributors based at strategic locations across the country. It supplies high-precision quartz glass halogen lamps designed […]
The new outlet takes the company’s robust LCV distribution network to more than 600 touch points Ashok Leyland (AL) has inaugurated a new dealership for Light Commercial Vehicles (LCVs) in Madurai. This is the company’s 11th LCV dealership in the state of Tamil Nadu. The new channel partner Balaji Trucks has a 3S (Sales, Service […]
Apollo Tyres today launched ‘AVOLVE’, to integrate mobility service business model into its operations. This Servitisation model would offer tailored solutions to the targeted customers, especially commercial vehicle fleet operators, and improve their operational efficiencies evolving their business to the next level. In today’s environment, commercial fleet operators are confronted with many challenges of increasing […]
Through the program, customers are assured of service of trucks and buses within 48 hours at the OEM’s authorized service centres Daimler India Commercial Vehicles (DICV), a wholly owned subsidiary of Daimler Truck AG, has launched an industry-leading uptime assurance program called ‘BharatBenz Rakshana’ with an objective to help BharatBenz customers enhance business profitability. Rakshana […]
In March 2023, total vehicle retail experienced a 14% year-on-year increase while FY 2023 was the first full year without any impact of the pandemic The Federation of Automobile Dealers Associations (FADA) released vehicle retail data for March 2023 and FY 2023 in April. Commenting on how March 2023 performed, FADA President Manish Raj Singhania […]
ATS ELGI is the largest manufacturer and distributor of automotive service equipment in India, offering a wide range of garage equipment. A six-decade-old company in the field of vehicle servicing, ATS ELGI is now gearing up the huge technological changes in the automotive sector. In this interview with N Balasubramanian, Praveen Tiwari, Managing Director, ATS ELGI, shares […]