Lotus Technology To Take Full Control Of Lotus UK
- By MT Bureau
- July 02, 2025
Geely-owned British-luxury brand Lotus Technology, a leading provider of intelligent and luxury mobility, is set to acquire the remaining 49 percent stake in Lotus Advance Technologies (Lotus UK) from Etika Automotive. This follows a similar move by Geely International (Hong Kong), which exercised its put option earlier.
With this, Lotus Technology will acquire 100 percent of Lotus UK through non-cash transactions based on pre-agreed valuations. This strategic acquisition, expected to be completed by the end-2025 pending regulatory approvals, will allow Lotus Technology to fully integrate all businesses and operations under the Lotus brand and consolidate Lotus UK's financial results.
Lotus UK is responsible for the manufacturing of Lotus's sportscars and hypercars and also houses Lotus Engineering, a consultancy providing services to various original equipment manufacturers (OEMs) and Tier 1 suppliers worldwide.
The put options granted to Geely HK and Etika were part of a previous business combination agreement. These options became exercisable after Lotus UK and its subsidiaries exceeded 5,000 vehicle sales in 2024. The acquisition will involve Lotus Technology issuing new shares, valued at USD 10 per share, in exchange for the Lotus UK shares.
Honda Cars India Reports 10,518 Unit Wholesales In October 2025
- By MT Bureau
- November 01, 2025
Honda Cars India, a leading passenger vehicle manufacturer, has reported total wholesales of 10,518 units for October 2025.
The company recorded domestic sales of 6,394 units for the month, which marks a 15.3 percent growth as compared to 5,546 units last year.
Honda also exported 4,124 units in October 2025. In comparison, exports in October 2024 stood at 4,534 units. The company noted the strong performance of the Honda Amaze as a key driver of the growth.
Kunal Behl, Vice-President, Marketing & Sales, Honda Cars India, said, “The festive sales and GST 2.0 announcement fuelled robust demand across our line-up of City, Amaze and Elevate during October. The Amaze being the only car under 10 lakh price segment to offer ADAS safety and smooth CVT performance has been strongly appreciated by consumers registering strong sales growth.”
JSW MG Motor India Reports 9% Decline In October Sales
- By MT Bureau
- November 01, 2025
JSW MG Motor India has reported a decline of 9 percent in it wholesales for October 2025, with sales of 6,397 units, as compared to 7,045 units sold for same period last year.
On the other hand, the company reported a 20 percent YoY increase in wholesales during the August–October 2025 festive period.
The MG SELECT model retained its second position in the luxury electric vehicle (EV) segment, registering an impressive 62 percent MoM growth.
Hyundai Motor India Reports 53,792 Wholesales In October
- By MT Bureau
- November 01, 2025
Hyundai Motor India, one of the leading passenger vehicle manufacturers, has achieved total monthly sales of 69,894 units in October 2025. The volume includes 53,792 units in domestic sales.
The company stated its performance was driven by the domestic market, and it also bolstered its position as a global manufacturing hub, with exports touching 16,102 units, marking an 11 percent YoY growth.
Furthermore, the Hyundai Creta and Venue SUV duo achieved their second-highest-ever combined monthly sales of 30,119 units.
Tarun Garg, Whole-time Director & Chief Operating Officer, Hyundai Motor India, said, “October 2025 was a month driven by the festivals of Dussehra, Dhanteras and Diwali, further complimented by the positive impact of GST 2.0 reforms. This provided a significant boost to the Indian automotive industry. At Hyundai Motor India, we witnessed robust market demand and high consumer enthusiasm leading to second highest monthly sales of our formidable SUV duo – the Hyundai Creta and Venue combined, with 30,119 units sold. We expect to accelerate this momentum with the upcoming launch of all-new Hyundai Venue, which is already open for bookings.”
Tata Motors Reports Record Passenger Vehicles And Electric Vehicle Wholesales In October
- By MT Bureau
- November 01, 2025
Tata Motors Passenger Vehicles has reported wholesales of 61,295 units in total sales in October 2025, marking a 26.6 percent growth compared to 48,423 units sold a year ago. This performance delivered record-breaking monthly wholesales for the second consecutive month, driven by momentum during the festive season.
For October, the company saw sales records across key segments during the month including, 47,000 SUVs, achieving the highest-ever 77 percent share in monthly sales.
EV wholesales hit an all-time high of 9,286 units, surging 73.4 percent YoY. The Nexon SUV recorded 50 percent YoY volume growth due to the popularity of its multi-powertrain offerings.
The Harrier and Safari models achieved a new high, selling 7,000 units.
Overall domestic sales, including EVs, grew by 27 percent to 61,134 units. Monthly bookings also reached an all-time peak. The company achieved a landmark festive milestone, delivering over 100,000 vehicles between Navratri and Diwali, marking a 33 percent YoY growth.
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