Page 10 - Auto Sector

Covid-19: India's auto component makers brace for a bumpy ride ahead

High absenteeism among workers, shortages of critical parts, and temporary closures of plants by automobile manufacturers have thrown a spanner in the works for the Rs 3.2-trillion sector

Mahindra Group to open MADE, a design centre for mobility products in UK

The firm will be the second from India to enter UK for designing cars and SUVs, after Tata Motors set up the European Technical Centre in Coventry in 2005

Auto, financials see earnings cut following Covid-19-linked state lockdowns

Meanwhile, hospitals, cements and metal companies have seen further upgrades in their FY22 earnings estimate

April auto sales show impact of coronavirus lockdowns, says report

The lockdowns have put the brakes on the recovery of the sector

Auto firms to halt production for up to 15 days amid raging second wave

For some it is part of annual maintenance protocol, for others it's a forced move, done for safety of those employed at the factory

TVS Motor Company rallies 15% on better-than-expected Q4 show

The company on Tuesday posted a nearly four-fold increase in its consolidated net profit to Rs 319.19 crore for the fourth quarter of FY21, riding on the back of robust sales in the domestic and inter

Auto sector woes to continue as downgrades loom under Covid shadow

Steep rise in input costs cited as the key reason for the revision

Second Covid-19 wave may pose downside risk to domestic auto demand: Report

The second wave of Covid-19 could pose downside risks to the domestic auto industry demand in the near term: report

Kinetic Green plans to follow affordable engineering model for light EVs

EVs can not only reduce pollution but, more importantly, the cost of transportation will also come down, says founder Sulajja Firodia Motwani

Maruti Suzuki hikes price of selected models, others may follow suit

Raw material prices are har­­dening with the full impact of cumulative increases set to be felt in Q3 and Q4 of this financial year

Auto plants in Maharashtra scale down operations to align with guidelines

Overall monthly production likely to be hit by 30-40%

Low base, recovery in demand to drive up auto firms' Q4 earnings

Recovery in the African and Latin American markets should help exporters post better growth than the domestic market

Chinese tech giant Huawei to pump in $1 billion on car tech in 2021

Huawei is focusing on optimising its portfolio to boost business resilience

Mahindra Thar crosses 50,000 booking mark in six months of launch

Mahindra & Mahindra (M&M) on Monday said all new Thar has crossed 50,000 bookings, within just six months of its launch. With its design, performance, off-road capability, everyday-comfort, technology and safety, the all-new Thar continues to attract not only die-hard enthusiasts, but urban lifestyle-seekers as well, the auto major said in a statement. "We are overwhelmed with this unprecedented response that the All-New Thar has garnered; it has, infact, surpassed all our expectations," Mahindra & Mahindra Automotive Division Chief Executive Officer Veejay Nakra said. The waiting period for the model has been longer than expected, he added. "We sincerely appreciate our customers' patience and unwavering confidence in us while we are working with our suppliers to ramp up production in these challenging times," Nakra noted. The company has fast-tracked the process of increasing production capacity both at its Nasik facility and at the supplier-end to meet the demand for the

E-commerce, digitisation to accelerate India's auto sector growth: Report

Strong acceptance of e-commerce and digitisation is expected to accelerate the growth of India's auto sector, advisory firm Grant Thornton Bharat said

Home appliance, auto firms fear localised lockdowns will hit festive sales

Real estate companies remain optimistic on strong order book

RIL and America's Chart Industries co-lead new Hydrogen industry body

Aim is to develop hydrogen production and storage, industrial and transport use-cases

Enigma Auto looks to seal deal with Bengaluru firm to supply 2,000 EVs

Bhopal-based bootstrap EV start-up Enigma Automobiles is looking to seal a sales deal with a Bengaluru-based B2B company to supply 2,000 vehicles.

EV scooter-maker Ather Energy aims to treble capacity by end of next fiscal

Ather has invested Rs 130 crore in the plant so far, and Rs 650 crore since the launch of the company in 2013

TeamLease estimates EV charging stations to create 10,000-12,000 jobs

At least four metros and four cosmopolitan cities are likely to have 60 charging stations each in the first phase, says manpower consulting firm