Auto Industry News

Honda began export operations in 2001 with the Activa and crossed the 15 lakh milestone in 2016, the next 15 lakh exports have come in only the last five years, growing at three times faster speed.

In its statement, Hero said that the I-T department visit was part of a "routine inquiry" and isn't uncommon before the end of the financial year.

Addressing the Lok Sabha, Union Minister Nitin Gadkari said that all toll collection booths, which are active within 60 kilometre distance of any other toll booth, will be shut down in the next three months.

In a joint statement, the two companies said they will also work to open up new markets with an initial focus on India, where Suzuki's subsidiary, Maruti Suzuki, has a roughly half share of the auto market.

Yamaha's Moto Business Service India (MBSI) has partnered with Bengaluru-based Malbork Technologies to foray into the 4-wheeler EV segment. MBSI provides services to tech startups that focus on the shared mobility space in the country.

The Income Tax Department has conducted raids on Dr Pawan Munjal's residence and office in Delhi and Gurgaon respectively. More details to follow.

A Paris taxi driver whose Tesla Model 3 crashed in December, killing one person, has filed a legal complaint against the U.S. carmaker, his lawyer said.

Skoda Auto CEO Thomas Schafer has said that India can play a strong role within the global markets of the Volkswagen Group, including serving as a hub for affordable electric vehicles in future.