Page 5 - Auto Makers

PV retail sales dip 4% in Jan as semiconductor shortage impacts vertical

Automobile dealers' body FADA on Tuesday said passenger vehicle (PV) retail sales in January witnessed a year-on-year decline of 4.46 per cent to 2,81,666 units

Vehicle registrations in January declines over 9% from last year

Vehicle registrations in January 2021 declined 9.66 per cent on a year-on-year (YoY) basis

Minda Industries posts over two-fold jump in Q3 profit at Rs 121 cr

Minda Industries on Thursday reported an over two-fold jump in consolidated profit after tax at Rs 121 crore in the third quarter ended December 2020

Auto margins could come under near-term pressure on higher duties

Commercial vehicle companies to gain the most on scrappage, bus orders and infra boost

Margin pressures outweigh volumes, may keep Maruti Suzuki stock subdued

The company is cautious on passing on raw material cost hikes to protect volumes

Toyota beats Volkswagen to become world's top selling automaker in 2020

Toyota said on Thursday its group-wide global sales fell 11.3% to 9.528 million vehicles in 2020. That compared with a 15.2% drop at Volkswagen to 9.305 million vehicles

Airlines, steel companies, auto makers race to get vaccine for staff

Companies are asking their employees to be termed as essential workers and are in talks with vaccine makers for bulk procurement

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

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

Bajaj Auto 'very confident' super premium motorcycles to keep strong run

Pune based firm will invest Rs 650 crore in a new facility in Chakan near Pune for the segment

Maruti Suzuki sees 'much better' 2021 as economy rebounds: Chairman

Sales of cars and sport utility vehicles typically increase every year in the run up to Diwali

Volkswagen boosts investment in electric, autonomous car tech to $86 bn

Volkswagen said it would allocate nearly half its investment budget of 150 billion euros on e-mobility, hybrid cars, a seamless, software-based vehicle operating system

Steel set to get costlier by 10-20% for auto manufacturers amid recovery

Though steel companies had to wait to finalise prices, the wait may have proved advantageous for them. Prices have been on an upswing since the country started unlocking

Over 200,000 central govt employees on auto makers' radar after LTC scheme

Many staffers may may want to take home a car, as scheme comes during the festive season when people are looking at buying big-ticket items

How multinational carmakers are being squeezed out of Indian market

The combined market share of these multinationals (MNCs) declined to 21.3 per cent in FY20 from a record high of 28.1 per cent in FY17

Auto dealers looking at rationalisation of infrastructure, manpower: FADA

Kia Motors and Toyota Kirloskar Motor met expectations of their dealers better than other companies in the passenger vehicle segment during the Covid-19 lockdown, FADA said

India open to raising duties on auto imports to boost local production

Modi government wants companies to reduce imports, increase domestic production and play a bigger role in the global supply chain in an effort to make the country more self-reliant

Gadkari asks automakers to build flex-engines to promote alternative fuel

Alternative fuel like ethanol, methanol, bio diesel, electric and bio CNG besides LNG were the fuel for future and should be promoted, he said and added a roadmap was being readied for fuel policy

Javadekar hints at possible GST cut for vehicles to boost auto sector

Elaborating on the possibilities of the GST rate cut on vehicles segment, he said the details of the proposals are being worked out by the Finance Ministry and he is not privy to all the details

Auto industry not in position to make investments for new norms: SIAM

SIAM also noted that government support was required to pursue the targets set under the Automotive Mission Plan 2026 (AMP 2026)

Rolls-Royce says demand for luxury cars recovering due to sales in Asia

Torsten Muller-Otvos said the demand meant Rolls-Royce was the first car company to resume car production in the United Kingdom on May 4