Page 3 - Auto Industry

Toyota Kirloskar domestic sales surge two-fold to 12,772 units in August

Toyota Kirloskar Motor on Wednesday reported over two-fold increase in domestic wholesales in August at 12,772 units as compared with August 2020

Bajaj Auto reports 5% increase in sales at 373,270 units in August

Bajaj Auto on Wednesday reported a 5 per cent increase in total sales at 3,73,270 units in August 2021.

Top headlines: Auto industry protests taxes; FM seeks to boost PSB lending

The government is looking at modifying its Faceless Assessment Scheme for solving tax disputes.

Words alone won't help auto industry; concrete actions needed: RC Bhargava

A lot of statements were made by government officials supporting the automobile industry, but when it comes to taking actual steps nothing has really happened, Maruti Suzuki India Chairman said

FADA seeks policy to protect dealers from sudden exit of manufacturers

Also demands industry status for auto retail so it can access priority lending from banks, ECBs, financing from top lenders, PE investments, apart from getting more tax benefits

Auto industry defers Expo for the first time ever on Covid-19 scare

This is the first time Siam is putting off the show since it started in 1986

German automaker Daimler reports Q2 preliminary adjusted EBIT of $6.42 bn

Mercedes-Benz maker Daimler AG on Thursday reported preliminary adjusted group EBIT of $6.42 billion for the second quarter, with car and truck divisions beating analyst targets

Maruti shifts Dzire production to Gujarat to create space for new launches

Plans a slew of new SUV models over the next few years as it seeks to take on the competition by straddling the segment with multiple \offerings at varied price points

Nissan Motor CEO says performance for April, May better than expected

Nissan Motor Co's financial performance in April and May was better than expected, the automaker's president said at the annual general meeting (AGM) on Tuesday

Hero MotoCorp Q4 net up 38% to Rs 865 cr on entry-level bike demand

Company extends factory closure to May 10; expects normalcy to return by second quarter

Strong order book to make FY22 a record year for exports: Bajaj Auto

Q4 earnings got a boost from higher realisation of exports and larger contribution of pricier models in overall sales

Despite tailwinds, margins to remain under pressure for Bajaj Auto

Rising exports, price hike, improving mix not enough to offset costs

Volume, margin pressures may slow down TVS performance in June quarter

Stock trading at 74% premium to Hero at valuation of 24.5x its FY23 earnings

Maruti Suzuki's margins may slip further on higher commodity costs

Demand trajectory, market share losses are other concerns

Auto firm Stellantis makes top-level appointments for Indian region

Appoints Roland Bouchara as CEO & Managing Director, Partha Datta to head Engineering, Design and R&D

Jagdish Khattar, former Maruti MD, dies of cardiac arrest at age 79

Jagdish Khattar's tenure saw Maruti establish itself as India's largest car company.

Chip shortage casts shadow over China's automobile industry recovery

Chip shortage casts shadow over China's auto industry recovery

China's auto sales surge 75% in March, 12th straight monthly gain

Auto sales in China surged in March for their 12th consecutive month of gains, as the world's biggest car market leads the sector's recovery from the Covid-19 pandemic

SBI inks $1-bn loan agreement with Japan Bank for International Cooperation

This takes the total facility to $2 bn, including $1 bn, which was signed last year in Oct 2020

Maruti to hike prices from April 1, other firms may follow as costs rise

India's largest carmaker will make a second round of price increase since January