Page 13 - Automakers

Automakers unlikely to go full throttle amid Covid-related uncertainties

While most have resumed production, ramp up will be staggered one and will be a third of the levels in January and February

Chip shortage crisis enters 'danger zone', wait time reaches all time high

The gap between ordering a chip and taking delivery increased to 17 weeks in April, according to one research.

TVS Motor announces two key leadership changes at Norton Motorcycle

Robert Hentschel named CEO of the Solihull-based motorcycle brand; Vittorio Urciuoli takes over as CTO

Bajaj Auto's new HR policy reaches out to families of Covid ravaged staff

It will offer monetary support, education and insurance to kin of deceased employees

Lockdowns drag down vehicle registration to 9-month low in April: FADA

Development derails the recovery that had begun in June 2020

Hero Motocorp to launch first electric two-wheeler in first half of 2022

The company last month had tied up with Taiwanese electric two-wheeler maker Gogoro to accelerate the shift to sustainable electric mobility

Luxury carmaker Ferrari first quarter profits rebound, pushes 2022 targets

The carmaker said that it won't hit 2022 financial targets due to the impact of the coronavirus pandemic

Covid: Amid localised lockdowns, auto firms log subdued sales in April

Major automobile manufacturers Maruti Suzuki, Hyundai Motor, Tata Motors and Kia on Saturday reported a decline in passenger vehicle sales in April compared to March this year as the second wave of the coronavirus pandemic hit dispatches. However, Mahindra & Mahindra along with Honda Cars India posted sequential growth in their passenger vehicle sales last month. Sales in April this year are not comparable with that of the corresponding month a year ago as companies had reported zero sales due to the nationwide lockdown imposed to curb the outbreak of the COVID-19 pandemic in the country. The country's largest carmaker Maruti Suzuki India (MSI) reported a 4 per cent decline in total sales to 1,59,691 units in April as compared to 1,67,014 units in March this year. Similarly, Hyundai Motor India Ltd (HMIL) posted total sales of 59,203 units in April 2021, a decline of 8 per cent from 64,621 units it had sold in March this year. HMIL Director (Sales, Marketing and Service) Tarun ...

Volkswagen expects chip supply to remain tight in coming months

The head of the carmaker's namesake brand was quoted as saying on Saturday.

Honda Cars posts 28% rise in domestic sales in April over March

Honda Cars India on Saturday reported a 28 per cent increase in its domestic sales to 9,072 units last month as compared to 7,103 units in March this year. The company said it has exported 970 units in April. "The current health calamity has struck the entire nation and at this time nothing is more important than the health and well-being of our countrymen. Of course, it has had an impact on the business and deliveries in the marketplace," Honda Cars India Senior Vice President and Director (Marketing & Sales) Rajesh Goel said in a statement. Many parts of the country have been on safety-related lockdowns in the last couple of weeks and the industry may see this continuing in May as well, he noted. "We are working closely with all our stakeholders and assisting in every possible way to tide through this situation," Goel noted.

Covid impact: Maruti Suzuki total sales decline 4% in April

The country's largest carmaker sold 159,691 units in April as compared to 167,014 units in March

Tata Motors sales slump 41% to 39,530 units in April against March

The firm sold 66,609 vehicles in March this year.

Chip shortages make manufacturers prioritise how to allocate resources

Manufacturers are warning that production will continue to be affected because of the deepening chip crisis.

Maruti Suzuki keeping close watch on Covid crisis, no cut to FY22 capex

The firm is watching the impact of oxygen availability to its parts suppliers

China, global economic recovery boost profit at automaker Daimler

German car and truck maker Daimler AG says net profit rebounded strongly to 4.4 billion euros (USD 5.3 billion) in the first three months of the year

Electric carmaker Tesla's bad week in China was months in the making

Sentiment against the U.S. electric car company in its second-biggest market had been building as it struggled to keep pace with rapid growth

Hyundai Motor to phase out Kona EVs in domestic market amid recalls

The firm looks to shift its focus to Ioniq 5 EVs

Bajaj Auto launches Pulsar NS 125 motorcycle priced at Rs 93,690

Bajaj Auto on Tuesday launched its new Pulsar NS 125 motorcycle priced at Rs 93,690 (ex-showroom Delhi).

Dispatched over 720,000 units via Indian railways in last 5 years: Maruti

The increased focus on using railways has helped the company offset over 3,200 MT of CO2 emissions

Chip shortage casts shadow over China's automobile industry recovery

Chip shortage casts shadow over China's auto industry recovery