Page 17 - Automakers

Bumpy ride: Automakers hit reverse gear, BSE Telecom index down 2.9%

In comparison, the benchmark Sensex closed the session with losses of 1.26 per cent. This was the worst show by the auto index in the last three months

Trump's China tech war backfires on automakers as chips run short

Automakers around the world are shutting assembly lines because of a global shortage of semiconductors that has been exacerbated by the US actions against key Chinese chip factories, officials said

Ford joins top automakers to halt production due to semiconductor shortage

Ford has joined Nissan, Volkswagen, Fiat Chrysler and Toyota who have curtailed production amid a global semiconductor shortage, delaying the production of some vehicles

Family behind Hyundai just made $2 billion on Apple collaboration report

Friday was also a good day for South Korea's richest person

Nissan to ramp up production, hire 1000 workers at Chennai car plant

Nissan plans to boost production to up to 4,000 cars a month from 2,700 cars currently

Bajaj Auto reports 11% rise in sales to 372,532 units in December 2020

Bajaj Auto on Monday reported an 11 per cent increase in total sales at 372,532 units in December 2020

Automakers see double-digit growth as robust demand lifts PV sales in Dec

Leading automakers Maruti Suzuki, Hyundai, Tata Motors, and Toyota witnessed double-digit growth in wholesale despatches in December as pent up demand led to robust passenger vehicle offtakes. Mahindra & Mahindra (M&M) and Honda Cars also reported increased sales in the domestic market last month. The country's largest carmaker Maruti Suzuki India (MSI) reported 17.8 per cent increase in sales in December at 1,46,480 units as against 1,24,375 units in December 2019. The sale of mini cars, comprising Alto and S-Presso, increased by 4.4 per cent to 24,927 units as compared to 23,883 in the same month last year. Similarly, sales of compact segment vehicles, including models Swift, Celerio, Ignis, Baleno and Dzire, rose by 18.2 per cent to 77,641 units as against 65,673 cars in December last year. Utility vehicle sales, including Vitara Brezza, S-Cross, and Ertiga, also rose 8 per cent to 25,701 units compared to 23,808 units in the year-ago month, MSI said. Similarly, Hyundai ...

Top headlines: India challenges Vodafone arbitration; Flipkart rejigs board

RBI stresses on the need to fight inflation, Automakers in India are bracing for a parts shortage, and more top headlines of the day

Battery makers charged up for next leg of growth on replacement demand

Pick-up in industrial consumption, relatively benign lead prices point to improved earnings prospects

Price hikes to dampen recovery prospects for Indian automakers: Fitch

Hikes come at a time when boost in some categories from pent-up demand and festive spending fades, and the economic impact from the pandemic reasserts itself, rating agency says

Auto sales contract in November as firms enforce inventory control

Sales higher than previous year, but lower than October

Fragile recovery: Retail auto sales contradict robust wholesale numbers

While automakers reported record growth in October sales, retail figures saw a fall

Automakers agree to offer discount of 1% if old vehicle scrapped

PMO bats for incentivising scrapping, not imposing it on owners of old vehicles

Maruti, Hyundai, Tata Motors witness brisk sales during Navratri period

Leading carmakers Maruti Suzuki India, Hyundai and Tata Motors saw better retail sales during the Navratri period this year as compared with last year with pent up demand of last few months aiding the brisk offtake. Kia Motors, Toyota Kirloskar Motor, Mahindra & Mahindra and Honda Cars India also witnessed robust sales during the ten-day period (including Dussehra) which is considered auspicious for buying new things and property. The country's largest carmaker Maruti Suzuki India (MSI) reported around 27 per cent increase in retail sales at close to 96,700 units during the Navratri period thisyear. "Our total retail sales were in the range of 96,700 units this year which is more than last year, MSI Executive Director for Sales and Marketing Shashank Srivastava said when asked about sales during the Navratri period. The auto major had retailed around 76,000 units in the same period last year. Similarly, Hyundai Motor India said it retailed 26,068 units during the period, an ...

Maruti Suzuki says 'no immediate need' for govt to cut taxes on cars

Some automakers have been pushing the government to temporarily reduce tax rates on cars by 10% to boost sales after the coronavirus pandemic brought economic activity to a standstill

Explained: Why premium carmakers focus on entry-level offerings in India

Automakers are caught in a peculiar chicken-and-egg situation: Prices have to come down if volumes are to increase and volumes won't increase unless prices come down

Skoda Auto Volkswagen India exports over 25,000 cars in current year so far

The European car major started exports of its vehicles from India in 2010 with 65 units of the India-built Volkswagen Vento for the South Africa market

Covid impact: Global automakers pin hopes on China's recovery by 2022

The world's biggest car market since 2009, China can still grow for the foreseeable future because of its relatively low penetration and expanding middle class

Automakers should cut royalty payments to foreign parent firms: Official

Indian carmakers should reduce royalty payments to foreign partners to bring down costs instead of seeking tax cuts, a finance ministry official said on Thursday

Rising sales numbers not a reflection of ground reality, say auto dealers

Dealers say that with more job cuts and salary reduction, banks and NBFCs have become more cautious