Page 10 - Automakers

Automobile sales skid on chip shortage; dealers stare at supply crunch

Maruti reported a 19% decline in total sales at 130,699 units in August, as against 162,462 units in the previous month

Maruti expects Sept production at 40% of normal output due to chip shortage

The usage of semiconductors in the auto industry has gone up globally in recent times

MG revs up on smaller cars to play the long game in Indian market

A smaller SUV and a sub-four-metre car are in the works

Tata Motors gets NCLT nod for hiving off PVs business into separate entity

The company's management has so far stated that it has not taken a decision on a partner.

Automobile dealers seek protection from sudden exits by global auto makers

FADA on Tuesday asked government to put in place a system to protect dealers from sudden exits by multinational manufacturers, saying it hampers entrepreneurship also hurts India's brand value.

Not a right time to implement next stage of emission norms: Maruti Suzuki

"I don't think it is the right time (to implement) the new stage of CAFE (Corporate Average Fuel Efficiency) norms," MSI Chairman R C Bhargava told PTI

Citroën C5 Aircross is a comfy but pricey launch by the French car-maker

The C5 Aircross is a comfy but pricey launch by the French car-maker

Stricter emissions rules will hit car sales, says Maruti Suzuki chairman

Automakers last week urged the government to defer tougher emissions standards

India considering sharp import tax cuts on EVs after Tesla lobbying: Report

For imported EVs with a value of less than $40,000, the govt is discussing slashing the tax rate to 40% from 60% presently, say officials aware of the development

Hyundai eyes further gains in domestic market with SUVs ruling the roost

Hyundai India expects its SUV range to gain traction in the domestic market with demand for personal mobility gaining momentum post the second wave of Covid-19, according to a senior company official

Mahindra & Mahindra Q1 consolidated net loss after tax at Rs 332 cr

Mahindra & Mahindra on Friday reported a consolidated net loss after tax from continuing and discontinued operations at Rs 331.74 crore in the first quarter ended June 30. The company had posted a consolidated net profit after tax from continuing and discontinued operations at Rs 54.64 crore in the first quarter last fiscal, M&M said in a regulatory filing. Consolidated revenue from operations stood at Rs 19,171.91 crore, as against Rs 11,969.04 crore in the same period last fiscal, it added. M&M said it has ceased consolidating Ssangyong Motor Co (SYMC) as a subsidiary from December 28, 2020 and has classified it as discontinued operations for all periods presented. SYMC has applied to the Bankruptcy Court in South Korea for rehabilitation proceedings and has been admitted in the Autonomous Rehabilitation Support (ARS) program. During the quarter, the company said the automotive segment had a revenue of Rs 6,050 crore, while the farm equipment segment clocked revenue of ..

Kia takes less than 2 years to cross 300,000 cumulative sales mark in India

Kia India on Thursday said it has become the quickest brand in the country to cross three lakh cumulative sales mark in the country.

Maruti reports 58% increase in July production at 1,70,719 units

The company had produced a total of 1,07,687 units in the year-ago period

Focus on rollout of flex-fuel vehicles in a year: Gadkari to automakers

Gadkari also appealed to vehicle manufacturers to compulsorily provide a minimum of six airbags across all variants and segments of a vehicle.

Chip shortage hits global manufacturing; electronics firms affected

A global semiconductor chip shortage has caused a major delay in manufacturing activity, with electronic device makers struggling to keep up with a pandemic-led surge in demand for phones, TVs

Tata Motors launches Tata Ace trim with price starting at Rs 3.99 lakh

Tata Motors on Thursday said it has launched a new variant of its small commercial vehicle (SCV), the Ace Gold Petrol CX, with price starting at Rs 3.99 lakh (ex-showroom). Available in two variants, the flat bed variant is priced at Rs 3.99 lakh, while the half deck load body variant is tagged at Rs 4.10 lakh. Tata Motors said it has partnered with the State Bank of India to provide finance options to its customers to buy the model. "The Tata Ace continues to be a strong, reliable and multipurpose vehicle having provided means of livelihood to over 23 lakh Indians to date. Resonating the Government's Aatmanirbhar Bharat vision, Tata Motors aims to inspire an entrepreneurial mindset through the launch of this vehicle," Tata Motors Vice President (Product Line SCV and PU) Vinay Pathak said. The Tata Motors' Ace platform has exponentially evolved over the last 16 years, focusing on bringing safer, smarter and valuable offerings to its customers in last-mile transportation, he ...

Skoda to expand presence to100 cities in India by next month

Some of the new cities where the brand is making a foray include Sangli, Bhilwara, Faridabad, Panchkula, Navsari, Vapi and Hardoi, among others.

Auto component industry revenues to grow by 20-23% in FY22: Icra

Indian auto component industry is expected to post 20-23 per cent revenue growth in the current fiscal aided by strong exports and recovery in the domestic market, as per rating agency Icra.

Maharashtra's new EV policy sets 10% share in total registrations by 2025

The new policy, which has updated the one announced in 2018, was released by Additional Chief Secretary (Transport) Ashish Singh and state environment minister Aaditya Thackeray and others here.

Debt-ridden SsangYong Motor to sell plant site in rehabilitation efforts

The company has been under court receivership since April, as its Indian parent, Mahindra & Mahindra, failed to secure a buyer for its 75 percent stake in the automaker.