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Time of India
7 hours ago
- Automotive
- Time of India
Rare earth shortage forces Maruti Suzuki to slash e-Vitara production targets by two-thirds
Maruti Suzuki, India's largest carmaker, has sharply cut its near-term production targets for its first electric vehicle, the e-Vitara, amid a global rare earth supply crunch triggered by China's export restrictions, a company document seen by Reuters has revealed. The automaker now plans to produce just 8,221 e-Vitaras between April and September 2025, down from its initial target of 26,512 units—a reduction of nearly two-thirds. The document cites "supply constraints" in rare earth materials, which are crucial for EV components like magnets used in electric motors. China's Curbs Ripple Across Auto Industry China's tightening of rare earth exports—vital for high-tech industries—has rattled automakers globally. While firms in the US, Europe, and Japan are beginning to secure export licenses from Beijing, Indian manufacturers are still awaiting approvals, raising concerns of further production delays. The setback comes despite Maruti's public stance that production has not yet been impacted. Company chairman R.C. Bhargava recently told local media there was 'no impact at the moment' on manufacturing timelines. Maruti also said last week that the rare earths issue had no 'material impact' on the e-Vitara's launch. EV push faces roadblocks amid rising competition Launched with much fanfare at India's Auto Expo in January 2025, the e-Vitara is a flagship product in Maruti's long-awaited electric mobility push. It is expected to play a pivotal role as India targets 30 per cent EV penetration by 2030—up from just 2.5 per cent last year. However, production delays and a lack of booking announcements have raised eyebrows. Analysts warn that Maruti is already behind the curve, especially as rivals Tata Motors and Mahindra & Mahindra gain ground with feature-rich EVs. US electric vehicle giant Tesla is also gearing up to enter the Indian market this year. Maruti's share in India's passenger vehicle market has slipped to 41 per cent, down from 51 per cent in March 2020, as it struggles to regain ground in the booming SUV and EV segments. Revised Roadmap: Catch-Up in H2 FY26 While cutting near-term production, Maruti aims to ramp up output in the second half of FY26 to 58,728 units, compared to a previous target of 40,437. This would mean producing around 440 e-Vitaras per day at peak capacity. The company still intends to meet its full-year EV production target of 67,000 units by March 2026. Two supply chain sources confirmed that rare earth magnet shortages had forced Maruti to alter production plans, though they were not aware of the exact figures. Global stakes for Suzuki The e-Vitara is also a critical product for parent company Suzuki Motor Corp., which relies on India as its largest revenue market and a key manufacturing hub. A significant share of the e-Vitara output is earmarked for exports to Europe and Japan beginning mid-2025. As competition heats up in India, Suzuki has revised its broader strategy—trimming its India sales target from 3 million to 2.5 million vehicles by FY31, and scaling down its EV rollout from six to four models, reflecting the challenges ahead in an increasingly competitive EV landscape.
News18
19-05-2025
- Automotive
- News18
Tata Motors To Launch Harrier EV On June 3 With 500km Range And Dual Motors
Last Updated: Tata Harrier EV launch In India: The Harrier EV is not a completely new model but is based on the same Omega platform used by the petrol/diesel Harrier. Tata Motors is all set to officially launch its Harrier EV on 3 June 2025. This comes four months after the electric Harrier was first shown in production form at the 2025 Auto Expo in January. Since then, Tata has shared regular teaser images and videos. The Indian automaker is gearing up to launch its much-awaited Harrier EV on June 3. Tata Harrier EV: Here's What To Expect Design The Harrier EV looks very much like the diesel version of the Harrier facelift. It keeps the signature design with vertically stacked LED headlights under sharp DRLs, connected by a full-width light bar. The side profile is familiar too, with bold wheel arches and a rising window line that blends into a blacked-out D-pillar, giving the roof a floating appearance. At the back, the Harrier EV features a connected light bar and vertical fog lamps on the bumper. A sealed-off upper grille and a chrome-trimmed front bumper with a radar sensor make it clear this is an electric car. Tata has also added a '.EV' badge on the front doors and ' lettering on the tailgate. The wheels have an aero-efficient serrated turbine blade design, expected in 17 to 19 inches. Features Inside, the Harrier EV shares many features with the petrol/diesel Harrier. Tata teased the interior, showing a two-tone dashboard, touch controls for the climate system, and the signature floating touchscreen. The digital instrument cluster and four-spoke steering wheel are carried over, too. Other feature highlights include a rotary dial to switch terrain modes, an electronic parking brake, and a panoramic sunroof. But the Harrier EV adds new terrain modes, connected car technology, and over-the-air updates. Unlike some electric vehicles that are designed from scratch, the Harrier EV is based on the same Omega platform as the diesel Harrier. However, Tata has heavily modified it for electric power, calling the updated structure (Gen 2) architecture. This includes changes to the chassis and a redesigned floor to house the battery safely and efficiently. Power and Range One big advantage of going electric is the ability to offer all-wheel drive (AWD) without complex and costly mechanical changes. While adding AWD to the diesel Harrier would have been tough, the EV version simply adds a motor at the rear axle for extra power. As per Autocar, Vivek Srivatsa, Tata's chief commercial officer for passenger electric vehicles, said that the electric motors boost performance and that the Harrier EV will have a peak torque of 500Nm. Tata expects the electric SUV to offer a driving range of around 500 kilometres on a single charge. First Published: May 19, 2025, 11:50 IST
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Business Standard
13-05-2025
- Automotive
- Business Standard
Q4 results today: Cipla, Hero Moto, Airtel, Siemens, Tata Motors on May 13
Q4 FY25 company results: GAIL (India), Aditya Birla Capital, and GlaxoSmithKline Pharmaceuticals will also be releasing their Jan-March quarter results on May 13 New Delhi Two-wheelers manufacturer Hero MotoCorp and auto major Tata Motors will be among 84 companies to release their earnings report for the fourth quarter (Q4) of the financial year 2024-25 (FY25) on Monday. These companies will also release their performance report for the entire financial year that ended on March 31, 2025. Bharti Airtel, Cipla, and Siemens will also be releasing their quarterly and yearly performance report today. Along with GAIL (India), Aditya Birla Capital, and GlaxoSmithKline Pharmaceuticals. Hero MotoCorp Q4 preview Hero MotoCorp is expected to report muted two-wheeler volume growth, particularly in the domestic market. However, analysts anticipate an improvement in average selling prices due to a better product mix, including 125cc models, premium bikes, and export gains. Rising marketing expenses from events like the Auto Expo and new launches could weigh on margins. Tata Motors Q4 preview Market overview May 13 In the previous trading session on Monday, May 12, the markets saw a strong rally. The BSE Sensex surged 2,975.43 points (3.7 per cent) to close at 82,429.90, while the Nifty50 rose 916.7 points (3.8 per cent) to end at 24,924.70. Today, May 13, market sentiment may be influenced by several factors, including developments in the US-China trade deal, easing tensions between India and Pakistan, April retail inflation data, foreign institutional investor (FII) activity, global market trends, and ongoing quarterly earnings reports. At 6:30 am, GIFT Nifty futures were down 111 points at 24,933, suggesting a likely gap-down opening for Indian equities. Follow the latest market updates here: List of firms releasing Q4 FY25 results on May 13 7NR Retail Ltd. Aditya Birla Capital Ltd. Advanced Enzyme Technologies Ltd. Amba Enterprises Ltd. Albert David Ltd. Alembic Ltd. The Anup Engineering Ltd. Anupam Finserv Ltd. ARCL Organics Ltd. Arkade Developers Ltd. ASK Automotive Ltd. Aurionpro Solutions Ltd. Axtel Industries Ltd. Bharti Airtel Ltd. Bharti Hexacom Ltd. B.N. Rathi Securities Ltd. Bharat Road Network Ltd. Butterfly Gandhimathi Appliances Ltd. Chemplast Sanmar Ltd. Cipla Ltd. John Cockerill India Ltd. Container Corporation of India Ltd. Dalmia Bharat Sugar and Industries Ltd. Dhruva Capital Services Ltd. Duroply Industries Ltd. Dutron Polymers Ltd. Dynamic Cables Ltd. Elnet Technologies Ltd. Eureka Industries Ltd. Everest Industries Ltd. GAIL (India) Ltd. GlaxoSmithKline Pharmaceuticals Ltd. Garden Reach Shipbuilders & Engineers Ltd. Heads UP Ventures Ltd. Hero MotoCorp Ltd. Honeywell Automation India Ltd. HP Adhesives Ltd. Harmony Capital Services Ltd. IB Infotech Enterprises Ltd. IKIO Technologies Ltd. Indo Borax & Chemicals Ltd. Indo Rama Synthetics (India) Ltd. ITD Cementation India Ltd. Jubilant Ingrevia Ltd. Key Corp Ltd. Kinetic Engineering Ltd. Lynx Machinery & Commercials Ltd. Mafatlal Industries Ltd. Magadh Sugar & Energy Ltd. Manali Petrochemicals Ltd. Metropolis Healthcare Ltd. Max Financial Services Ltd. NIIT Ltd. Nitin Spinners Ltd. Olympic Management & Financial Services Ltd. OTCO International Ltd. Panther Industrial Products Ltd. Patel Engineering Ltd. Platinum Industries Ltd. Prabha Energy Ltd. Ranjeet Mechatronics Ltd. JHS Svendgaard Retail Ventures Ltd. Rotographics (India) Ltd. Rikhav Securities Ltd. RSWM Ltd. Sai Life Sciences Ltd. Shaily Engineering Plastics Ltd. Shemaroo Entertainment Ltd. Shivkamal Impex Ltd. Siemens Ltd. Signature Green Corporation Ltd. Sir Shadi Lal Enterprises Ltd. Sterling Tools Ltd. Suven Life Sciences Ltd. Syrma SGS Technology Ltd. Systematix Securities Ltd. TAJGVK Hotels & Resorts Ltd. Taneja Aerospace & Aviation Ltd. Tata Motors Ltd. Tamil Nadu Newsprint & Papers Ltd. Transcorp International Ltd. VCU Data Management Ltd. VIP Industries Ltd. V.S.T Tillers Tractors Ltd.
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Business Standard
12-05-2025
- Automotive
- Business Standard
Hero MotoCorp Q4 Preview: Net profit may rise up to Rs 1,124 crore YoY
Hero MotoCorp Q4 preview: Two-wheelers manufacturer Hero MotoCorp is likely to announce its Q4FY25 earnings, on Tuesday, May 12, 2025, with analysts projecting a mixed performance. While the Hero MotoCorp's two-wheeler (2W) volume growth has remained subdued, especially in the domestic market, average selling prices (ASPs) are expected to improve due to an enhanced product mix led by 125cc models, premium offerings, and export traction, analysts said. Brokerages are forecasting marginal revenue growth, supported by better realisations rather than unit sales. Operating margins are anticipated to remain stable or see minor improvements, driven by cost control efforts and reduced promotional spend. However, some analysts flag rising marketing expenses due to events like the Auto Expo and recent product launches, which could weigh on margins. Consensus estimates for Q4FY25 place revenue between ₹9,674 crore and ₹9,722 crore, marking a 1.6–2.1 per cent Y-o-Y increase. The Net profit (PAT) is projected to rise 3.2–10.6 per cent Y-o-Y, ranging from ₹1,048 crore to ₹1,124 crore. Top things to track in Hero MotoCorp's Q4 results 2025 Key investor focus will remain on Hero MotoCorp's demand outlook, the timeline of upcoming product launches, and how effectively the company navigates the transition towards premiumisation in a tepid 2W market. Hero MotoCorp share price On the bourses, Hero MotoCorp shares were in demand, with the scrip rising up to 2.70 per cent to hit an intraday high of Rs 3958.40 per share. However, at 12:15 PM, Hero MotoCorp shares were off day's high, and were trading 2.18 per cent higher at 3,938.35 per share. In comparison, BSE Sensex was trading 2.86 per cent higher at 81,729.19 level. Given this, here's what top brokerage said ahead of Hero MotoCorp's Q4 results: Motilal Oswal Motilal Oswal expects volume growth to remain subdued as two-wheeler demand lagged expectations, leading to a 1 per cent year-on-year decline. However, average selling prices (ASPs) are likely to improve by around 3 per cent Y-o-Y, supported by a better product mix, particularly in the 125cc segment. This is expected to drive a revenue growth of 2 per cent Y-o-Y. Despite volumes being down 5.6 per cent on a sequential basis, the brokerage anticipates Ebitda margins to remain largely stable quarter-on-quarter, aided by a decline in promotional expenses. Overall, analysts project revenue at Rs 9,674.3 crore, up 1.6 per cent Y-o-Y; Ebitda at Rs 1,385.7 crore; Ebitda margin at 14.3 per cent; and PAT at Rs 1,048.4 crore, marking a 3.2 per cent Y-o-Y growth. Axis Securities Analysts at Axis Securities forecasts a revenue increase of approximately 2 per cent Y-o-Y, driven by higher ASPs on account of price hikes during the year, a continuing trend of premiumisation, and stronger export volumes. These positives, analysts believe, are expected to be partially offset by declining domestic sales. The brokerage also expects Ebitda margins to expand by 27 basis points Y-o-Y and 9 basis points Q-o-Q, owing to a richer product mix and ongoing cost control initiatives. Their estimates peg revenue at Rs 9,722 crore, up 2.1 per cent Y-o-Y; Ebitda at Rs 1,414 crore, up 4.1 per cent Y-o-Y; Ebitda margin at 14.5 per cent; and PAT at Rs 1,124 crore, reflecting a Y-o-Y increase of 10.6 per cent. Nuvama Nuvama anticipates Hero MotoCorp's revenue to grow Y-o-Y, primarily on the back of higher realisations. However, it expects Ebitda margins to contract due to increased marketing spends linked to the Auto Expo and new product launches. The brokerage highlights that investor attention will be on demand outlook and timelines for future launches. Nuvama estimates revenue at Rs 9,720.7 crore, up 2 per cent Y-o-Y; Ebitda to remain flat at Rs 1,363.4 crore; and PAT at Rs 1,108.9 crore, registering a 9 per cent Y-o-Y growth.
Hindustan Times
10-05-2025
- Automotive
- Hindustan Times
MG M9: Here are 5 key things to know before you book the upcoming MPV
The MG M9 gets a three-row seating and rivals luxury MPVs in India. Set to launch in May 2025 after its debut at the Auto Expo, the MG M9 is JSW MG Motor India's latest push into the premium EV space. This luxury electric MPV, available for booking via MG Select, the brand's exclusive high-end retail channel, promises to redefine how electric mobility blends with luxury. (Also check out: Upcoming cars in India) Targeting rivals like the Kia Carnival and Toyota Vellfire, the M9 brings a unique mix of style, comfort, technology, space and performance. 4 Dimensions With a length of 5,270 mm, width of 2,000 mm, height of 1,840 mm, and a 3,200 mm wheelbase, the MG M9 is among the largest MPVs in the segment. This translates into a spacious three-row layout with seating for seven, making it ideal for luxury family use or executive mobility. The long wheelbase enhances second and third-row legroom, offering true limousine-like comfort on the go. Check out Upcoming Cars in India 2024, Best SUVs in India. First Published Date: 10 May 2025, 10:00 AM IST
