Maruti Suzuki's Fifth Plant Eyes Gujarat Expansion

Maruti's Kharkoda plant production begins March 2025

Maruti Suzuki India, the country's largest passenger carmaker, is preparing to commence production at its new plant in Haryana's Kharkoda by the end of the financial year. The company, with a production capacity of 1.3 million units a year, aims to expand it by 1 million units annually.

RC Bhargava, Chairman of MSIL, mentioned during a post-earnings call that the upcoming plant would begin rolling out passenger cars by March 2025. He stated that their expansion plan at Kharkoda was progressing smoothly, expecting the first line to commence production before the end of the financial ye..

FinMin Sets Scrappage Timeline

The Indian government's Finance Ministry has announced a significant move in the automotive sector by setting a vehicle scrappage timeline, which is expected to have far-reaching benefits for both the environment and the economy. This decision, aimed at retiring old vehicles, will positively impact major automobile companies such as Maruti Suzuki and Tata Motors, among others.

The scrappage timeline, a long-awaited measure, is poised to rejuvenate the automotive industry by incentivizing the replacement of old and polluting vehicles with newer, more environmentally friendly models. Th..

Maruti Suzuki's plant revolutionises auto logistics

Maruti Suzuki, a leading name in the automobile industry, has recently implemented a groundbreaking strategy at its plant in Gujarat, India. This strategy involves the establishment of a railway siding within the plant premises, a first for the automobile sector in the country. The initiative aims to revolutionize the logistics operations of Maruti Suzuki by significantly reducing the dependency on road transportation.

This innovative move is projected to eliminate approximately 50,000 truck trips annually, marking a substantial reduction in carbon emissions and traffic congestion. By ..

Israeli automobile firm sets up unit in India

Under its subsidiary I.EVR Motors, EVR Motors, an Israeli inventor with a focus on high power density electric motors, announced the opening of its new greenfield factory in Manesar, Haryana. Being the first Israeli automotive business to establish a manufacturing operation in India, this facility is a major milestone and will be essential to the company's worldwide production strategy.

A patented essential part of EVR's Trapezoidal Stator Radial Flux Permanent Magnet (RFPM) motor technology, trapezoidal geometry coils will be manufactured at the Manesar factory. For EVR's electric moto..

Ceat, Apollo Tyres to Raise Prices Due to Raw Material Costs

In response to a notable surge in raw material costs during the previous quarter (Q4FY24), tyre giants Ceat and Apollo Tyres have revealed plans to implement price hikes. Officials from both companies cited the escalating prices of key components such as natural rubber, alongside the depreciation of the rupee against the US dollar, as primary factors driving the decision.

Natural rubber prices, a pivotal element in tyre manufacturing, have witnessed a significant uptick in recent months. Moreover, the Indian rupee has depreciated against the US dollar, further exacerbating the financi..