Second largest two-wheeler player Honda Motorcycle & Scooter India (HMSI) is looking to double the number of its Best Deal outlets to 200 by the end of 2018 as the company sees huge potential in this space.
Maruti Suzuki India (MSI) aims to have 250 Nexa outlets by March 2017 and expects the premium sales and service outlets to contribute 15 per cent of the company's sales by 2020.
Scandal-struck car manufacturer Volkswagen said that its profits fell in the second quarter by 57 percent to 1.15 billion euros ($1.3 billion).
French carmaker Renault on Wednesday said it would cut chief executive Carlos Ghosn's pay after a spat with shareholders that saw the government threaten to change the law.
Mahindra group auto component arm Mahindra CIE Automotive has appointed Ander Arenaza Alvarez as chief executive officer with immediate effect.
South Korean automaker Hyundai Motor slipped to its 10th straight profit drop in the second quarter and warned of a tough second half in store as it soaks up stiff competition and shrinking demand for its mainstay sedans in the United States.
Maruti Suzuki India is planning to transport vehicles through inland waterways and has inked a pact with the government for this, a move that will help the country's' largest carmaker reduce its logistic costs.
South Korea's Kia Motors Corp is expected to pick a site next month for its first factory in India, stepping up plans to start making cars in one of the world's fast-growing auto markets, two people familiar with the matter said.
Elon Musk's latest "master plan" for Tesla Motors Inc to develop an electric commercial truck, a public bus, a pickup and systems to enable fully autonomous driving could cost $2 billion to $3 billion or more, experts and analysts said.
On the heels of its $32 billion takeover of chip designer ARM Holdings, SoftBank Corp founder Masayoshi Son is embarking on another "crazy idea": talking cars that can read a driver's emotions.
New York state and Massachusetts are suing Volkswagen and its affiliates Audi and Porsche over diesel emissions cheating, alleging that the German automakers defrauded customers by selling diesel vehicles equipped with software allowing them to cheat emissions testing.
JBM Auto on Tuesday said it will invest Rs 300 crore for development and manufacturing of electric and hybrid buses in India through its joint venture with Poland's Solaris Bus & Coach.
The National Green Tribunal, India's top environmental court, on Monday ordered authorities to remove all diesel vehicles at least 10 years old off the capital city's streets in a bid to help clean New Delhi's polluted air.
Maruti Suzuki India (MSI) continued its grip in the passenger vehicles market in India with five of its models in the top ten best selling models in June, although its successful model Swift has been displaced from the third position by rival Hyundai's Grand i10.
Hinduja Group flagship Ashok Leyland will be setting up a bus assembly plant in Kenya with an investment of Rs 70 crore as part of its global expansion plans.
Auto major Mahindra & Mahindra will seek approval of its shareholders for raising up to Rs 5,000 crore from domestic and international markets by issuing securities on a private placement basis.
Growth in passenger vehicle sales may be higher than the 6-8 per cent forecast for the current fiscal year in view of a better outlook for the economy, a good monsoon and implementation of the Seventh Pay Commission recommendations, the Society of Indian Automobile Manufacturers (SIAM) said on Monday.
Car sales were down 5.18 per cent to 1,54,237 units as against 1,62,655 units in June last year, according to data released by the Society of Indian Automobile Manufacturers (SIAM).