Page 4 - Auto Industry

Maruti Suzuki shortlists three new startups under innovation initiative

Maruti Suzuki India (MSI) on Monday said it has shortlisted three new startups as part of its Mobility and Automobile Innovation Lab (MAIL) programme

Auto sales stay in the fast lane in February, but industry cautious

Automakers say further hike in fuel prices could dent consumer sentiment

Suzuki's 91-year-old chief to retire after longest reign in auto industry

The announcement by Japan's fourth-biggest automaker comes less than a week after rival Honda Motor appointed a new CEO, who said he would consider alliances to make bold decisions.

Honda Motor taps tech expert as CEO to steer firm in ecological times

Toshihiro Mibe, a research expert tapped president of Japanese automaker Honda on Friday, promised to steer the company toward new growth by focusing on ecological models and safety technology. Honda Motor Co. said Mibe replaces Takahiro Hachigo effective April 1, and subject to shareholders' approval at a meeting in June. I am going to build a house that is the future of Honda on the foundation of businesses that Mr Hachigo has worked so hard to create. And this building must have resilience, to withstand this once in a hundred years transformation, Mibe told reporters. Mibe stressed the automaker will be aggressive about developing and selling electric vehicles. Mibe, who joined Honda in 1987, had been widely expected to take the top post, according to Japanese media. He was instrumental in further forging Honda's partnership with U.S. automaker General Motors Co. GM and Honda have had a relationship for two decades, centered around collaborating on fuel cells, batteries and ...

Mahindra shares touch a two-year high on strong Q3 show on two key fronts

Concerns remain on the company's weakening position in the UV segment

KPIT Tech reports marginal rise to Rs 42.9 crore in December quarter

Auto industry-focused IT firm KPIT Technologies on Thursday reported a marginal rise in December quarter net at Rs 42.9 crore as against Rs 40.9 crore in the year-ago period.

Budget 2021: Auto industry demands rationalisation of tax, scrappage policy

The auto industry hopes it will assist them in recovering from the pandemic-induced economic shock

Electric vehicles to overtake gas guzzlers in India by 2030: Mahindra

Mahindra reported its first quarterly loss in nearly two decades last year as an economic slowdown in India squeezed purchasing power

Tesla sues ex-employee for allegedly stealing confidential software code

The carmaker has sued one of its former employees for allegedly stealing company information

About two-thirds of auto loan needs met by private, foreign lenders: Report

Nearly two-thirds of the auto industry's loan requirements are taken care of by the private and foreign lenders in the country, a report said

Maruti Suzuki India to hike prices from Jan 18 to tackle higher costs

The firm will raise prices for some car models due to a rise in some input costs

Honda City tops mid-sized sedan segment in 2020 with sale of 21,826 units

Honda Cars India on Friday said its mid-sized sedan City led the segment last year with cumulative sales of 21,826 units

PV sales in India at ten-year low, industry working to regain volumes: SIAM

The industry will have to work hard to regain better volumes and business health, industry body SIAM said on Thursday

Passenger vehicle sales increase 13.6% in December, says SIAM

Passenger vehicle sales jumped 13.6 per cent in December to 2.52 lakh units as compared to 2.22 lakh in the year-ago period, the Society of Indian Automobile Manufacturers (SIAM) said on Thursday.

Commodity inflation for auto sector to be offset by price hikes

The automobiles sector is expected to face commodity cost inflation which will be offset by price hikes, lower discounts, cost cutting, and operating leverage

CV wholesales in December outperformed in both, M&HCV and LCV segments

Demand for M&HCV segment is coming close to the pre-Covid level of 2019 but is still far below the 2018 level

Nissan adds third shift to reduce waiting time for its new SUV Magnite

Employs 1,000 hands at factory and more staff at the dealerships towards this end. Plans to export the car to Indonesia and South Africa

Auto sales take fast lane in Dec; carmakers see double-digit rise in sales

The country's largest passenger vehicle manufacturer sold 124,375 units in the year-ago period.

Inventory inching up relative to sales across sectors, FMCG less affected

Festive season, supply chain issues may have been contributing factors leading to higher inventory

Road ahead for auto industry: Economic recovery holds key to revival

Cautious optimism rules four-wheeler mindset, pain seen lingering in two-wheeler segment