Page 15 - Automakers

Luxury carmaker Audi launches new version of S5 Sportback at Rs 79.06 lakh

The new Audi S5 Sportback comes with features such as a flat-bottomed steering wheel, sport front seats, virtual cockpit plus

Scrappage plan has sops for buying new vehicles, pain for driving old ones

Policy will increase business, employment and reduce pollution, says transport minister

IOC, Israeli firm form JV to to manufacture metal-air batteries for EVs

Indian Oil Corporation and Israeli battery developer Phinergy on Wednesday formalised a joint venture to manufacture ultra-lightweight metal-air batteries for electric vehicles (EVs)

Ford partners with University of Michigan on robotics research, building

In November, Ford revealed plans to transform a long-vacant Detroit book warehouse into a hub for automobile innovation

Steel shortage from Posco may force automakers to suspend production: SIAM

Auto industry body SIAM on Monday said supply shortage of steel from Posco's Maharashtra-based plant could lead to suspension of production at various facilities of leading companies. Raigad-based manufacturing plant of South Korean steel major Posco is one of the major suppliers of steel in the industry. It is currently facing labour issues that have resulted in the disruption of supply to some of the leading automakers in the country. "Disruptions in supplies from Posco Maharashtra Steel has resulted in non-availability of steel for some of the major Auto OEMs," Society of Indian Automobile Manufacturers (SIAM) Director General Rajesh Menon said in a statement. As per industry sources, auto companies such as Maruti Suzuki, Hyundai Motor, Kia Motors, Tata Motors and Mahindra & Mahindra source steel from the Posco plant. There have been no despatches of steel since March 4 except for one day, wherein some trucks loaded with steel and held up outside the factory premises were ...

Rolls-Royce plunges to worse-than-expected $5.6 billion loss

On an underlying pretax basis, Rolls posted a loss of 4 billion pounds, worse than the 3.1 billion pound loss forecast by analysts

Junk your old car and get 5% rebate from automakers on new buy: Gadkari

There is good news for consumers who are going to junk their old vehicles

General Motors looking to build 2nd US battery factory, Tennessee likely

The firm says it's looking for a site to build a second US battery factory with joint venture partner LG Chem of Korea

Suzuki Motor charges up for EVs, spells out strategy for the first time

The Japanese auto major spells out its strategy for the first time and puts its India subsidiary at the centre of its plans

Tough eligibility may limit benefits to large cos under PLI for auto sector

The government will soon come out with detailed scheme to offer production linked incentive (PLI) to automobile and auto components industry

Expect double-digit volume growth in next 6 months on low-base effect: HMSI

Honda Motorcycle and Scooter India (HMSI) expects to log in double-digit volume growth in the ongoing quarter as well as April-June period of the next fiscal year

Auto sales stay in the fast lane in February, but industry cautious

Automakers say further hike in fuel prices could dent consumer sentiment

Royal Enfield sales increase 10% in February at 69,659 units

The company had sold 63,536 units in the same month last year

Honda Cars reports 28% increase in sales at 9,324 units in February

Honda Cars India Ltd (HCIL) on Monday reported a 28.3 increase in domestic sales at 9,324 units in February as compared with the same month last year. The company had sold 7,269 units in the domestic market in February last year, HCIL said in a statement. Exports for the period under review stood at 987 units as against 64 units in the year-ago period, it added. "The market demand continues to be good which is reflected in our positive growth in February sales," HCIL Senior Vice-President and Director Marketing & Sales Rajesh Goel said. However, the shortage of semiconductor related parts impacted the company on the supply front last month, which limited its production volume and dispatches for certain models, it added. "In the coming months, we will continue to make production adjustments in order to reduce its impact on our waiting customers," Goel said. As for the industry, the company remains optimistic about the future as the demand for automobiles remains on the rise and ha

Nissan Motor India reports wholesales at 4,244 units in February

Nissan Motor India on Monday reported an over four-fold rise in wholesales

Mahindra total sales dip over 11% in February to under 29,000 units

Mahindra & Mahindra (M&M) on Monday reported an 11.38 per cent decline in total sales at 28,777 units in February. The company had sold 32,476 units in February 2020, M&M said in a statement. Passenger vehicles sales increased by 41 per cent to 15,391 units last month, as compared with 10,938 units in the year-ago period. In the commercial vehicles segment, the company sold 11,559 vehicles in the domestic market last month, as against 19,699 units in February 2020, a drop of 70.42 per cent. Exports declined by 1 per cent to 1,827 units last month, as against 1,839 units in the year-ago month. "Demand continues to remain buoyant for our range of SUVs and Pick-ups and we have a robust order pipeline. However, supply of semiconductors, as we all know, is a global issue and it is likely to continue for another 3 to 4 months," M&M Chief Executive Officer Automotive Division Veejay Nakra said. Going forward, the company will continue to monitor the situation and closely work

India's share in our EV sales to be more than any others: Volvo India MD

Car maker says four out of five cars it sells in India will be electric by 2025; globally, EV sales will be 50% of company's total

Suzuki Motor to promote hybrids, EVs; strengthen SUV segment in India

The firm will promote penetration of hybrids and introduce electric vehicles while strengthening the SUV segment and push for CNG cars in India

20 yrs of India operations: HMSI crosses sales milestone of 7 mn units

Honda Motorcycle and Scooter India Pvt Ltd (HMSI) on Thursday said it has crossed the cumulative sales milestone of 70 lakh units in north India in its 20th year of operations in the country. The company, which hit the Indian market in 2001 with its scooter model Activa, said it took 15 years for it to touch the first 35 lakh cumulative sales mark in north India -- comprising Jammu & Kashmir, Ladakh, Rajasthan, Punjab, Haryana, Himachal Pradesh, Delhi and Chandigarh -- but doubled it in just 5 years. Commenting on the milestone, HMSI Director Sales & Marketing Yadvinder Singh Guleria said the company's first factory became operational in north, in Haryana in 2001. With increasing demand, the second factory was also added in north region, in Rajasthan. "As Honda is set to begin its 3rd decade in India, north region shall continue to remain our focus," he said. Honda will further strengthen its leadership in the scooter segment with the Activa brand, Guleria said adding the ...

Margin pressures may offset volumes gains for Schaeffler

Higher content per vehicle, steady aftermarket and exports are growth drivers