Page 6 - Auto Makers

Auto companies see sales revival in Aug over increase in passenger vehicles

The top two carmakers in India, Maruti Suzuki and Hyundai, led the recovery in the auto market in August with 20.2 per cent and 19.9 per cent increase in their respective domestic wholesales of passenger vehicles during the month. Mahindra & Mahindra (M&M) also saw its domestic passenger vehicle sales grow by 1 per cent last month, while Toyota Kirloskar Motor witnessed a decline in its passenger vehicle sales, although there was improvement over the preceding months since the gradual reopening of the economy. The country's largest carmaker Maruti Suzuki India (MSI) said its domestic sales increased by 20.2 per cent to 1,16,704 units last month, as against 97,061 units in August 2019. The company's total sales grew by 17.1 per cent, an increase at 1,24,624 units in August as compared to 1,06,413 units in August last year. MSI's sales of mini cars comprising Alto and S-Presso stood at 19,709 units as compared to 10,123 units in the same month last year, up 94.7 per cent. Sales .

Going local a bigger challenge than expected for the automobile industry

Weaning the auto-components industry off Chinese imports will be a bigger challenge than what the government expects

Finding alternatives to China not easy, caution auto manufacturers

Bajaj Auto and its suppliers source components, including alloy wheels and transmission components worth Rs 1000 crore from China

Exide lags smaller peer Amara Raja in Q4 and FY20 at operational level

Firm lags its peer Amara Raja in Q4 & FY20

Two-wheeler segment may see double digit sales dip in FY21: HMSI

The company remains optimistic on the long-term growth prospects of the domestic two-wheeler industry

Change picks up speed in auto industry to survive post-Covid challenges

Components makers are reinventing their business to transform and survive in a post-Covid world

A big leap in difficult times: BS-VI shift to test automakers' resilience

Car makers had to overhaul the entire manufacturing ecosystem to ensure calibration that fits in well with the technology choices

Slowdown hangs heavy over Auto Expo; Indian 2-wheeler cos give it a miss

The absence of various manufacturers from the show was compensated by the Chinese companies

Chinese influx poses threat to Indian auto makers; 20% market could be lost

Analysts point out that competition in India is lower than in America or Europe

Auto-tech startups pave new road to growth even as sector suffers slowdown

The Indian car rental industry has grown at a CAGR of 24.6% during 2015-19 as new-age millennial consumers prefer experiences over ownership

Auto makers slash production by 11% in Q1 owing to declining sales: Report

Domestic automobile industry's sales volume fell 12 per cent in June 2019 over the same month last year on weak consumer sentiments owing to the slowing economy

Reviewing exposure to auto dealers; will ensure sector does not suffer: SBI

SBI is one of the biggest credit providers to auto dealers and individuals (auto loans), the bank said in a statement

Auto makers consider shifting more manufacturing to North America

US trade pact is prompting foreign auto makers to rethink supply chains to meet potential restrictions