Page 4 - Automakers
BMW eyes 'mega year' in India post Q1 show; to launch 24 products
In the January-March period, the BMW group had posted one of its best quarters in India with a 25.3 per cent jump in four-wheeler sales at 2,815 units.
 "BMW eyes 'mega year' in India post Q1 show; to launch 24 products")
Bajaj Auto reports 20% decline in total vehicle sales in March
Total two-wheelers sales dropped 22 per cent
 "Bajaj Auto reports 20% decline in total vehicle sales in March")
Top headlines: Income in US on I-T radar, Sri Lanka cabinet resigns
Union Minister Piyush Goyal says people are looking at India as an emerging global superpower. More on this in our top stories.
 "Top headlines: Income in US on I-T radar, Sri Lanka cabinet resigns")
Maruti Suzuki aims to sell 600,000 CNG units in current fiscal year
The company sold about 230,000 CNG units in 2021-22
 "Maruti Suzuki aims to sell 600,000 CNG units in current fiscal year")
Skoda Slavia looks to Czech mate sedan segment
Skoda Slavia rear seating offers ample legroom and is comfy with functional compartments and fittings, making this a strong and more price-efficient corporate executive sedan versus Skoda Superb.
 "Skoda Slavia looks to Czech mate sedan segment")
Maruti Suzuki's exports hit record high of 238,376 units in FY22
The top five export models during the year included Baleno, Dzire, Swift, S-Presso and Brezza.
 "Maruti Suzuki's exports hit record high of 238,376 units in FY22")
Auto component industry likely to clock 8-10% growth in FY23: Report
The Indian auto component industry is expected to clock 8-10 per cent growth in FY23, supported by the easing of supply-chain issues and commodity inflation in the second half of the year, according to rating agency Icra. For 2021-22, the revenue growth of the industry is pegged at 13-15 per cent, driven by domestic OEM, replacement, export volumes and pass-through of commodity prices. The healthy volume growth will, however, come on a low base of FY2021, the agency said in a statement. "Demand for auto components stems from domestic OEMs, replacement and exports. Domestic OEM demand has remained a mixed bag across segments in FY2022, with a slowdown in two-wheelers (2Ws) and semiconductor shortage dragging down overall production volumes," Icra Ltd Assistant Vice President & Sector Head Corporate Ratings - Vinutaa S said. Exports have remained a bright spot in the Indian auto component story, partly aided by the "China+1 strategy". This is despite supply chain issues, she ...
 "Auto component industry likely to clock 8-10% growth in FY23: Report")
Volvo planning to turn its cars into iPhone on wheels, says CEO Rowan
All the stuff that you can do in your smartphone will be almost inherently native within the vehicle, Rowan said
 "Volvo planning to turn its cars into iPhone on wheels, says CEO Rowan")
Lexus launches buyback programme with ES300h premium sedan
The automaker has also initiated a loyalty programme for its customers under the 'Lexus Life' umbrella.
 "Lexus launches buyback programme with ES300h premium sedan")
Hope to make India a global hub for EVs, cell tech: Ola co-founder
The heavy industries ministry has named Ola Electric and three other companies eligible for receiving benefits under the PLI (Production-Linked Incentive) scheme.
 "Hope to make India a global hub for EVs, cell tech: Ola co-founder")
Russia-Ukraine war: High input costs forcing automakers to walk a tightrope
The second of the five-part series looks at automakers' concern over any further price hike that may dent demand in segments like two-wheelers
 "Russia-Ukraine war: High input costs forcing automakers to walk a tightrope")
Toyota plans 17% cut in April global output, to make 80,00,000 units
The news comes about a week after Toyota said it would scale back domestic production by up to 20 per cent during the months of April, May and June
 "Toyota plans 17% cut in April global output, to make 80,00,000 units")
India Ratings revises auto sector outlook to 'neutral' for FY23
Domestic automobile sales volume is expected to grow 5-9 per cent year-on-year in 2022-23, after three consecutive years of decline, and is likely to fall 5-8 per cent in 2021-22: India Ratings
 "India Ratings revises auto sector outlook to 'neutral' for FY23")
Passenger vehicle retail sales dip 8% in Feb as chip woes continue: FADA
The industry body warned that the Russia-Ukraine conflict could further impact the production of semiconductors.
 "Passenger vehicle retail sales dip 8% in Feb as chip woes continue: FADA")
GM loses bid to skip recall of 727,000 SUVs for lights that are too bright
GM said it's reviewing the decision and deciding what to do next.
 "GM loses bid to skip recall of 727,000 SUVs for lights that are too bright")
Headwinds on demand, cost fronts to keep Bajaj Auto under pressure
Higher exports may offset some of the volume, cost pressure
 "Headwinds on demand, cost fronts to keep Bajaj Auto under pressure")
Tokyo court gives ex-Nissan executive Kelly suspended sentence
The verdict announced Thursday will allow Kelly to return to the US immediately.
 "Tokyo court gives ex-Nissan executive Kelly suspended sentence")
Honda suspends exports to Russia, more Japanese automakers could follow
Western companies have spurned Moscow following the invasion, stopping sales in Russia and even saying they would exit investments there
 "Honda suspends exports to Russia, more Japanese automakers could follow")
Tata Motors domestic sales rise 27% to 73,875 units in February
The company had dispatched 58,366 units in February 2021.
 "Tata Motors domestic sales rise 27% to 73,875 units in February")
Skoda Auto posts over five-fold jump in sales to 4,503 units in Feb
The company had sold 853 units in the same month last year.
 "Skoda Auto posts over five-fold jump in sales to 4,503 units in Feb")
