Page 2 - Automobile Dealers

Bajaj Auto eyes south east Asia to take e-scooter space by storm

Bajaj's presence in this market in ICE vehicles has been limited till now because the region is essentially a step-through two-wheeler and scooter market

Brokerages see margin expansion at auto firms as outlook turns positive

Higher volumes and softer raw materials to drive expansion

Hatchback sales lose momentum in India due to changing consumer preference

Hatchbacks like WagonR and Alto have seen a decline during the past few years due to changing consumer preference

Ashok Leyland may dilute 15% stake in Switch Mobility, raise up to $250 mn

The company is raising the funds for a new plant planned in Spain

Toyota Kirloskar forays into CNG segment; introduces 2 new models

Toyota Kirloskar Motor on Wednesday announced its foray into the CNG segment with the launch of Glanza and Urban Cruiser Hyryder trims with the environment-friendly powertrain. The two CNG trims of Glanza are priced at Rs 8.43 lakh and Rs 9.46 lakh respectively. The company, however, did not disclose the price of Urban Cruiser Hyryder CNG variants. Toyota Kirloskar Motor (TKM) Associate Vice President, Sales, and Strategic Marketing, Atul Sood said that being a customer centric company, the automaker believes in placing customers' interest at the forefront. "Our goal at Toyota has always been to serve the market needs with a clear focus on customers' aspirations, and by providing the most viable products and services to our customers. "With the same vision in mind, we are delighted to announce our foray in the CNG segment, driving in CNG variants for two of our much sought-after offerings, the Toyota Glanza and the Urban Cruiser Hyryder," he noted. With the latest addition, the .

Maruti's share in Suzuki's sales revenue jumps to a 7-year high

Suzuki holds a 56.37 per cent stake in Maruti Suzuki

Hero MotoCorp partners with Terrafirma Motors to enter Philippines

Two-wheeler maker Hero MotoCorp on Wednesday announced its plans to enter the Philippines for which it has partnered with Terrafirma Motors Corporation for assembly and distribution of its vehicles. A part of the Columbian Group of Companies, Terrafirma Motors Corporation (TMC) will be the exclusive assembler and distributor of Hero MotoCorp motorcycles in the Philippines, the company said in a regulatory filing. TMC will set up an assembly facility of 29,000 square metres in its existing principal manufacturing facility situated in Laguna City and will start its operations in the second half of fiscal year 2024, it added. "In keeping with our R4 (recalibrate, revitalise, revolutionise and revive) strategy, we are always keenly exploring new opportunities in global markets. Our partnership with Terrafirma Motors Corporation to enter the Southeast Asian region is an integral part of this expansion strategy," Hero MotoCorp Head of Global Business Sanjay Bhan said. TMC Chairman ...

Auto sales up 57% during Navratri as all categories put up strong show

Overall sales were also 27% higher than Navratri 2020 and 16% above the pre-pandemic season in 2019; trend seen continuing till Diwali

EV battery makers get more time to comply with new safety norms

New standards now applicable in two phases --- December 2022 and March 2023

Indian auto industry should aim for higher quality: Maruti Suzuki's Ayukawa

It should 'localise smallest of the components' and invest in new technology, says business leader

We're reading too much into weak two-wheeler demand: Hero Moto exec

The optimism is in contrast with the dealers' confidence, which flagged the recovery in motorcycles and scooters "as an area of concern"

Dealers and automakers have a tumultuous relationship, says FADA President

Says manufacturers' financial clout has led to inequitable contracts between the two

Automobile dealer expect transparency, fair policy from manufacturers: FADA

Automobile dealers continue to expect higher transparency regarding their viability and a fair business policy from vehicle manufacturers, Federation of Automobile Dealers Associations said on Friday. Among the major expectations of dealers from vehicle manufacturers are their involvement in the policy-making of the automotive companies and openness to direct inputs, Federation of Automobile Dealers Associations (FADA) said while releasing its Dealer Satisfaction Study 2022. "While we welcome the efforts shown by OEMs in improving key issues related to sales, delivery and after-sales, dealers continue to expect higher transparency in matters related to Dealership viability and a fair and balanced business policy," FADA President, Manish Raj Singhania said in a statement. In the four-wheeler mass market segment, the study found that sharing training costs with the OEMs is an area of concern along with the involvement of dealers in policy making. The dealers are happy with product ...

After Cyrus Mistry death, auto dealers to run 'Buckle Up India' campaign

FADA represents over 15,000 automobile dealers having 26,500 dealerships across India

M&M reports over 200% surge in total sales at 53,726 units in May

Mahindra & Mahindra (M&M) on Wednesday said its total sales stood at 53,726 units in May. The company had reported total sales of 17,447 units in Covid-hit May 2021. The Mumbai-based auto major's passenger vehicle sales in the domestic market were 26,904 units last month while the same stood at 8,004 units a year ago, the auto major said in a statement. Commercial vehicle sales of 24,794 units were posted in the month under review, while it was at 7,508 units in the year-ago period. The company said its exports were reported at 2,028 units in May. The overseas shipments were at 1,935 units in the corresponding period of the previous fiscal. "With sales of 26,632 SUVs in May, we continued the growth momentum with all our brands performing well, including XUV700 and Thar," M&M President (Automotive Division) Veejay Nakra said. The company is witnessing strong bookings and have a robust pipeline, he added. "We announced the launch of Scorpio-N, which is generating very high .

India's biggest car dealer Popular plans $100 million listing: Report

Popular is set to be the first Indian auto dealership in a highly fragmented market to list

Current festive season worst in decade: Automobile dealers' body FADA

The industry body said the chip shortage situation has impacted offtake in the passenger vehicle segment

TVS Motor ties up with Bahwan International to strengthen presence in Iraq

As per the deal, ARATA International FZC, a subsidiary of Bahwan International Group (BIG), will be the new distributor of TVS in Iraq

Automobile dealers seek protection from sudden exits by global auto makers

FADA on Tuesday asked government to put in place a system to protect dealers from sudden exits by multinational manufacturers, saying it hampers entrepreneurship also hurts India's brand value.

CarTrade Tech IPO: Here's why brokerages suggest subscribing to the issue

CarTrade is an electronic exchange focusing on auto sector and thus there is no peer company having similar business operations