Page 62 - Auto
Volkswagen drives in Taigun, eyes 10% share of mid-sized SUV market
Volkswagen is targeting to corner around 10 per cent of the fast growing mid-sized SUV market in India by next year as it launches its new model Taigun, according to a senior company official
 "Volkswagen drives in Taigun, eyes 10% share of mid-sized SUV market")
Semiconductor crisis may remain a concern till June 2022: MG Motor India
A top company executive said that it is also going to expand its presence in the electric vehicle space by launching a new car in the below Rs 20 lakh category
 "Semiconductor crisis may remain a concern till June 2022: MG Motor India")
Supply chain snarls could cost automakers $210 billion this year: Report
A shortage of semiconductors is just part of the problem, Alixpartners said in a new forecast
 "Supply chain snarls could cost automakers $210 billion this year: Report")
India must end petrol two-wheelers by 2027: e-scooter firm Hero Electric
"2027 would be a good time for new sales to be 100% electric," Naveen Munjal, managing director of Hero Electric Vehicles Pvt., said in an interview
 "India must end petrol two-wheelers by 2027: e-scooter firm Hero Electric")
Hundreds of Ford India workers protest over planned plant closure
The plant employs around 1,200 people
 "Hundreds of Ford India workers protest over planned plant closure")
CARS24 valuation soars to $1.8 billion after raising $450 million
Fundraise includes Series F equity round of $340 mn, debt of $110 mn
 "CARS24 valuation soars to $1.8 billion after raising $450 million")
VE Commercial Vehicles plans to tap auto PLI via electric vehicle route
Last week, the government had cleared the PLI scheme for the auto industry with an outlay of Rs 25,938 crore, slashed from the initial outlay of Rs 57,042 crore
 "VE Commercial Vehicles plans to tap auto PLI via electric vehicle route")
Ducati commences pre-booking for Monster, Monster Plus in India
Italian superbike maker Ducati on Monday said it has commenced the pre-booking for the Monster and the Monster Plus in India.
 "Ducati commences pre-booking for Monster, Monster Plus in India")
US opens probe into 30 million vehicles over air bag inflators
The 30 million vehicles include both vehicles that had the inflators installed when they were manufactured as well as some inflators that were used in prior recall repairs, NHTSA said in the document
Pure-play electric two-wheeler firms may fail to ride auto PLI scheme
Unsurprisingly, the maximum investment has gone into creating capacities for electric two-wheelers, followed by the rest
 "Pure-play electric two-wheeler firms may fail to ride auto PLI scheme")
Work in full swing to introduce retro-styled Harley-Davidson: Hero MotoCorp
Leading two-wheeler maker Hero MotoCorp is going full throttle to launch a Harley-Davidson model with retro styling as it looks to enter a very profitable segment in the premium motorcycle space
 "Work in full swing to introduce retro-styled Harley-Davidson: Hero MotoCorp")
Small cars too need adequate number of airbags to ensure safety: Gadkari
Union minister Nitin Gadkari wondered why auto makers are providing eight airbags only in big cars bought by rich people.
 "Small cars too need adequate number of airbags to ensure safety: Gadkari")
'Illogical' prejudice against diesel vehicles, says Force Motors
Force Motors has pointed out unscientific and "ill-founded prejudices" against diesel-powered commercial vehicles and has sought free movement of such vehicles inside cities
 "'Illogical' prejudice against diesel vehicles, says Force Motors")
Ford India's Chennai workers restart EcoSport production for exports
Even as their morale is down with job loss staring at their faces, workers at the Chennai plant of Ford India Private Ltd have restarted production of EcoSport for exports, said an official.
 "Ford India's Chennai workers restart EcoSport production for exports")
Tesla expected to reach 1.3 mn deliveries in 2022: Report
Electric vehicle maker Tesla is expected to reach 1.3 million deliveries in 2022, says a new report.
 "Tesla expected to reach 1.3 mn deliveries in 2022: Report")
I can promise we haven't lost interest in India: VW's Klaus Zellmer
Zellmer expects to see VW's market share grow to 3 per cent in the next five years
 "I can promise we haven't lost interest in India: VW's Klaus Zellmer")
Sales back to normal, deliveries still affected, says Mercedes Benz India
The company has a nearly 40 per cent share in the luxury car market in India
 "Sales back to normal, deliveries still affected, says Mercedes Benz India")
Tata Motors drives in Safari Gold Edition at Rs 21.89 lakh
Tata Motors on Friday said it has launched a special edition of its flagship model Safari priced at Rs 21.89 lakh (ex-showroom) to further spruce up the range ahead of the festive season
 "Tata Motors drives in Safari Gold Edition at Rs 21.89 lakh")
Car review: Marvellous Mercedes-Maybach GLS 600 finds a higher perch
The GLS 600 is one of the flashiest, swankiest SUVs Mercedes-Benz has ever made
 "Car review: Marvellous Mercedes-Maybach GLS 600 finds a higher perch")
TVS Motor acquires Swiss e-bike maker to tap into the segment in Europe
The Chennai-based firm has bought 80% stake in EGO for $17.9 mn; aims to generate $100-150 mn in next 3-5 years by participating in growing demand for e-bikes in the continent
 "TVS Motor acquires Swiss e-bike maker to tap into the segment in Europe")
