Page 55 - Auto
Honda Motor lowers profit outlook for a second time amid chip shortage
Honda Motor Co cut its full-year profit forecast as a persistent global shortage of semiconductors forces it to cut vehicle production and rising steel and material prices eat into profit margins.
 "Honda Motor lowers profit outlook for a second time amid chip shortage")
Mahindra & Mahindra's XUV 700: For those who want city comfort
XUV 700 has been getting M&M more attention since its erstwhile bestseller of yesteryear, the Scorpio
 "Mahindra & Mahindra's XUV 700: For those who want city comfort")
Pre-owned car sellers see brisk volume growth as chip crunch persists
The market for used cars has been outselling, trend expected to continue
 "Pre-owned car sellers see brisk volume growth as chip crunch persists")
From conventional fuel to EVs, RIL-bp pumps up the mobility stakes
According to RIL-bp, these new Jio-bp mobility stations will bring together a range of services for consumers
 "From conventional fuel to EVs, RIL-bp pumps up the mobility stakes")
Audi expects robust business growth in India over next few years
Globally, Audi has decided to sell internal combustion engine cars only till 2033. It is going to be fully electric cars after that
 "Audi expects robust business growth in India over next few years")
Auto makers rework shop floor strategies amid stubborn chip shortage
Country's largest carmaker Maruti reports 33% decline in October sales
Nissan reports over three-fold increase in domestic wholesales in Oct
The company said its exports last month stood at 3,004 units, compared with 75 units in October 2020
 "Nissan reports over three-fold increase in domestic wholesales in Oct")
High taxes hampering growth of luxury car segment in India: Audi
A high taxation regime is restricting growth of the luxury car segment in India and the government should look at lowering the levies in order to help the sector grow, according to automaker Audi
 "High taxes hampering growth of luxury car segment in India: Audi")
Toyota Kirloskar reports 1% increase in October domestic wholesales
Toyota Kirloskar Motor (TKM) on Sunday reported a 1 per cent increase in domestic wholesales at 12,440 units in October as compared to the year-ago period
 "Toyota Kirloskar reports 1% increase in October domestic wholesales")
Registration of electric vehicles picking up pace in Delhi: Officials
Adoption of electric vehicles is picking up pace in Delhi with the count of such vehicles surpassing the total number of registrations of CNG and hybrid-fuel vehicles in the city in the recent months
 "Registration of electric vehicles picking up pace in Delhi: Officials")
Maruti sees impact to production next month due to semiconductor shortage
Semiconductors are silicon chips that cater to control and memory functions in products ranging from automobiles, computers and cellphones to various other electronic items
 "Maruti sees impact to production next month due to semiconductor shortage")
Driving a hard bargain on car price may be difficult this Diwali
But even in a seller's market, some tricks like selling your car instead of exchanging it, and buying a less popular colour, can help you save money
 "Driving a hard bargain on car price may be difficult this Diwali")
TVS takes slow and steady route for its newly created subsidiary for EVs
Last week, TVS' board also cleared a proposal to establish a separate subsidiary for the electric vehicle business (the name is yet to be announced)
 "TVS takes slow and steady route for its newly created subsidiary for EVs")
Indian 2-wheeler makers not as lightweight as startups may think: Bajaj MD
Takes a dig at newcomers in the EV space at the launch of the all-new Pulsar 250, points to several differences between legacy firms and startups
 "Indian 2-wheeler makers not as lightweight as startups may think: Bajaj MD")
Tata Motors unveils 21 new commercial vehicles across all segments
Products include seven M&HCV segment, five in I&LCV segment, four in small commercial vehicles and pick-ups (SCV and Pus) and five in passenger commercial vehicles
 "Tata Motors unveils 21 new commercial vehicles across all segments")
Tata Motors developing range of small electric commercial vehicles
The auto major on Thursday unveiled 21 new commercial vehicles, including trucks, buses and small commercial vehicles
Maruti Suzuki plans to widen CNG portfolio as petrol, diesel prices rise
The company, which plans to launch an electric vehicle (EV) in the Indian market by 2025, is also currently keeping a close watch on the country's EV ecosystem
 "Maruti Suzuki plans to widen CNG portfolio as petrol, diesel prices rise")
Maruti Suzuki profit slides as chip shortage slams production
An estimated 116,000 vehicles could not be produced due to the electronics component shortage
 "Maruti Suzuki profit slides as chip shortage slams production")
Chip shortage: Crisil, Ind-Ra cut growth forecast for passenger car market
Supplies unlikely to ease before end of 2022, downside risk remains; normalisation can only be envisaged by end of second half of next calendar
Popular female mobility brand TVS Scooty crosses sale of 5 million units
The vehicle is powered by an ETFi Ecothrust engine that ensures a long-lasting, trouble-free and comfortable ride to consumers, with 15% better mileage
 "Popular female mobility brand TVS Scooty crosses sale of 5 million units")
