Page 87 - Auto

Hyundai's EV plan at risk of losing impetus on parts shortage, subsidies

Hyundai's ambitious plan could fizzle out this year with delayed production and rapidly drying-up state subsidies, and its labor union's opposition to its massive investment in the US

Bajaj Auto extends free service period of all models till July 31

Bajaj Auto has extended the free service period of all its brands in the country till July 31 in the wake of lockdowns and travel restrictions announced by several states

Tata Motors narrows Q4 loss on strong operational show by JLR, India biz

The company took a hit of Rs 15,000 crore to re-cast JLR business

Hyundai extends free service, warranty period amid Covid-19 second wave

Free service timelines have been extended by two months

Hero MotoCorp to restart plant operations in staggered manner from May 17

Hero MotoCorp plans to restart plant operations in a staggered manner from May 17 after vaccinating 90 per cent of employees above the age of 45 years

Moody's upgrades outlook on Tata Motors to 'Stable' on sustained recovery

Recovery is from the trough hit Q1 of FY21, is expected to sustain over next 12-18 months, while the firm's credit metrics strengthen as well

Tata Motors board to meet next week to consider fund-raise proposal

The board meeting is scheduled to be held on May 18, 2021 to consider and approve the audited financial results for the quarter and financial year ended March 31, 2021

Chip shortage to cost automakers $110 bn in revenues in 2021: AlixPartners

The global semiconductor chip shortage will cost automakers $110 billion in lost revenues this year, consulting firm AlixPartners said, as it forecast the crisis will hit the production of 3.9 million

Hyundai plans to invest $7.4 bn in US by 2025 on EVs, production facilities

Hyundai plans to invest $7.4 billion in US by 2025 to make electronic vehicles, enhance production facilities and invest further in smart mobility solutions

TVS Motor announces two key leadership changes at Norton Motorcycle

Robert Hentschel named CEO of the Solihull-based motorcycle brand; Vittorio Urciuoli takes over as CTO

Ola launches electric vehicle category in London, offers sops to drivers

The SoftBank-backed firm has plans to expand EV across the UK and in cities around the world

Passenger vehicle sales dip 10% in April due to Covid led restrictions

Passenger vehicle wholesales in India declined by 10 per cent to 2,61,633 units last month as compared to March this year, auto industry body SIAM said on Wednesday

Lockdowns drag down vehicle registration to 9-month low in April: FADA

Development derails the recovery that had begun in June 2020

April auto registrations fall 32% due to Covid surge, local lockdowns: FADA

Automobile registrations across the country dropped by 32 per cent last month as compared to April 2019 with passenger vehicles showing a decline of over 11 per cent, FADA said on Monday

Chip shortage in focus as Japan automakers ready to report profit drop

Japan's biggest automakers report what analysts expect to be depressed earnings this week

Covid-19: Hero MotoCorp extends shutdown of plants across India till May 16

The extension of suspension of operations at the plants is also in line with its commitment to the safety and welfare of its people and to break the chain of the spread of Covid

Maruti Suzuki India extends maintenance shut down until May 16

This comes amid the ongoing surge in Covid-19 cases across the country

Tesla admits Elon Musk's 'full self-driving' claim not feasible yet

Despite tall claims made by Elon Musk over Twitter about the full self-driving technology, electric carmaker Tesla has privately admitted that such claims do not match up with the engineering reality

India topped 2020 vehicle imports into South Africa despite Covid-19 impact

India was the top country of origin for vehicle imports into South Africa despite the lengthy Covid lockdowns and overall declines in vehicle sales in 2020, according to the latest 2021 auto report

Hero Motocorp to launch first electric two-wheeler in first half of 2022

The company last month had tied up with Taiwanese electric two-wheeler maker Gogoro to accelerate the shift to sustainable electric mobility