Page 12 - Automakers

French automaker Renault raises targets for share of electric vehicles

Renault Chief Executive Luca de Meo said Renault planned 10 new electric models by 2025

Motown gears up for fast-lane drive as second wave of Covid-19 abates

India Inc faltered in Q1 of this financial year due to the second wave of the pandemic. What do the prospects for Q2 look like? The first of a four-part series looks at the automobile industry

Nissan Motor CEO says performance for April, May better than expected

Nissan Motor Co's financial performance in April and May was better than expected, the automaker's president said at the annual general meeting (AGM) on Tuesday

Automakers initiate production ramp-up with easing of Covid restrictions

According to SIAM data, overall vehicle production in May declined by 57 per cent to 8,06,755 units

Maruti cuts Eeco ambulance price by Rs 88k as govt reduces GST

The GST rate on Eeco ambulance has come down to 12 per cent from the earlier rate of 28 per cent.

Amid Covid, foreign carmakers in India face tough investment choices

Premium carmakers hit hardest by pandemic in India; Higher taxes, export uncertainty add to challenges

Automaker Kia to expand sales of electric vehicles in Europe with Uber

Kia is planning to strengthen the partnership by offering electric cars to Uber drivers in 20 Europe countries.

Spain hopes to jumpstart electric car industry with European Union funds

Spain produced 2.2 million cars and trucks in 2020, second only to Germany in Europe. But only 140,000 of these were electric or hybrids

Hyundai to halt US plant for three weeks on chip shortage, maintenance

Hyundai Motor, South Korea's biggest carmaker by sales, said on Monday it will suspend its US plant for three weeks due to lack of semiconductors and routine maintenance

Higher subsidy under FAME II to be key in adoption of EVs, say makers

In the latest modification, the department of heavy industries also capped incentives for electric two-wheelers at 40 per cent of the cost of vehicles, up from 20 per cent earlier.

Passenger vehicle sales dip 66% in May amid Covid disruptions: SIAM

Sales fell to 88,045 units

Skoda Auto launches new version of Octavia, price starts at Rs 25.99 lakh

Skoda Auto India on Thursday launched the new version of its premium sedan Octavia with price starting at Rs 25.99 lakh. The fourth-generation Octavia is powered by a 2-litre petrol engine delivering power of 190 PS and returning fuel efficiency of 15.81 km/litre, Skoda Auto India said in a statement. It is available in two variants -- Style priced at Rs 25.99 lakh and Laurin & Klement tagged at Rs 28.99 lakh (ex-showroom India). Skoda Auto India Brand Director Zac Hollis said when Octavia was introduced 20 years ago, it changed the dynamics of the executive sedan segment - "one that continues to offer significant growth potential, catering to a burgeoning class of discerning buyers with a penchant for luxury, as well as the right value proposition". "Having retained its characteristics of design, safety, technology, performance, space and comfort, the allnew Octavia is a compelling combination and will continue to drive Skoda Auto's success in the Indian market," he added. The ..

Former Volkswagen boss to pay firm $13 million over diesel scandal

This is in connection to his failure to quickly get to the bottom of the scandal over diesel engines rigged to cheat on emissions tests.

Tata Motors to discontinue select variants of compact SUV Nexon.

At present, Nexon is available in 20 variants offering product propositions at different price points

General Motors raises forecast, says chip shortage not as bad as feared

Full-year net income is expected to be between $6.8 billion and $7.6 billion.

Mercedes shifts retail sales structure in India to direct-to-customer model

The move is aimed at bringing better financial health for its dealer partners while offering customers uniform transparent price, a wider choice of vehicles and a seamless purchasing experience.

Mahindra CEO expects car sales to take 2 years to rebound after Covid shock

Anish Shah said sales would rebound by fiscal year 2023 if a majority of the country's population is inoculated and new Covid cases ease

Ford declares 'no production days' on May 28, 29 at Tamil Nadu plant

Ford India, the subsidiary of US auto-maker Ford, on Thursday said it would observe 'no production days' on May 28 and 29

2-wheelers to account for 8-10% of sales by 2025; 30% by 3-wheelers: ICRA

The electric two and three-wheelers volume are expected to account for 8-10 per cent and 30 per cent of new vehicle sales in the country by 2025, respectively: Report

Royal Enfield to shut manufacturing plants for three days amid Covid crisis

Tamil Nadu is one of the worst hit states with more than 30,000 cases a day last week.