Page 16 - Automobile Industry
High taxes hampering growth of luxury car segment in India: Audi
A high taxation regime is restricting growth of the luxury car segment in India and the government should look at lowering the levies in order to help the sector grow, according to automaker Audi
 "High taxes hampering growth of luxury car segment in India: Audi")
Toyota Kirloskar reports 1% increase in October domestic wholesales
Toyota Kirloskar Motor (TKM) on Sunday reported a 1 per cent increase in domestic wholesales at 12,440 units in October as compared to the year-ago period
 "Toyota Kirloskar reports 1% increase in October domestic wholesales")
Registration of electric vehicles picking up pace in Delhi: Officials
Adoption of electric vehicles is picking up pace in Delhi with the count of such vehicles surpassing the total number of registrations of CNG and hybrid-fuel vehicles in the city in the recent months
 "Registration of electric vehicles picking up pace in Delhi: Officials")
Mercedes-Benz rolls out new format of retailing cars in India
German luxury carmaker Mercedes-Benz on Friday rolled out its new format of retailing cars in India with a 'direct to customer' model, under which it will own now the entire stock of new cars for sale
 "Mercedes-Benz rolls out new format of retailing cars in India")
Astor clocks 5,000 orders in 20 minutes of opening bookings: MG Motor India
MG Motor India on Thursday said it has sold out its new SUV Astor for this calendar year clocking 5,000 orders within 20 minutes of opening bookings.
 "Astor clocks 5,000 orders in 20 minutes of opening bookings: MG Motor India")
BMW drives in 5 Series M Sport Carbon Edition tagged at Rs 66.3 lakh
Locally produced at the company's Chennai-based manufacturing plant, the new variant can be booked online from today onwards.
 "BMW drives in 5 Series M Sport Carbon Edition tagged at Rs 66.3 lakh")
Tata Punch goes on sale from today, will soon get an electric version too
The latest model aims to wean buyers off hatches and compact sedans
 "Tata Punch goes on sale from today, will soon get an electric version too")
Navratri sales: Chip shortage dents PV retails, 2-wheelers see weak demand
High acquisition cost dissuades motorcycle and scooter buyers this festive season, while carmakers have been unable to cater to the demand owing to chip shortage
 "Navratri sales: Chip shortage dents PV retails, 2-wheelers see weak demand")
Tata Motors: In advanced stages to raise $1 billion for EV biz - Report
Tata Motors fund raising has attracted multiple private equity funds from the US, Middle East and Southeast Asia for for EV business.
 "Tata Motors: In advanced stages to raise $1 billion for EV biz - Report")
Auto registrations drop 5.27% YoY in Sept, decline sharper over 2019: FADA
YoY decline during the month was mainly due to an 11.5% and 23% drop in two-wheelers and tractor sales, respectively
 "Auto registrations drop 5.27% YoY in Sept, decline sharper over 2019: FADA")
Mahindra XUV 700 gets 25,000 bookings in 57 minutes, equaling 6-mth output
Fastest for any four-wheeler model, claims M&M; bookings to restart at 10am on Friday
 "Mahindra XUV 700 gets 25,000 bookings in 57 minutes, equaling 6-mth output")
BMW group sales cross 100,000 units sales since entry 14 years ago
Despite challenges from second Covid wave, BMW India has sold 70 per cent more luxury vehicles at over 9,600 units at group level across its three brands during first nine months of year
 "BMW group sales cross 100,000 units sales since entry 14 years ago")
India to introduce flexible fuel vehicles soon to increase ethanol use
India will introduce flexible fuel vehicles soon as the country is aiming to achieve 20% ethanol-blending with gasoline by 2025, transport minister Nitin Gadkari told the Reuters Impact conference
 "India to introduce flexible fuel vehicles soon to increase ethanol use")
A hot hatch, Hyundai i20 N Line could challenge Polo GT's dominance
The i20 N Line could challenge Polo GT's dominance in the segment
 "A hot hatch, Hyundai i20 N Line could challenge Polo GT's dominance")
Nissan reports over three-fold increase in domestic sales in September
Automaker Nissan India on Friday said its domestic wholesales rose over three fold to 2,816 units in September, up from 780 units in the same month of last year
 "Nissan reports over three-fold increase in domestic sales in September")
Toyota Kirloskar posts 14% growth in domestic sales at 9,284 units for Sep
Toyota Kirloskar Motor (TKM) on Friday reported 14 per cent growth in its domestic wholesales to 9,284 units in September as compared with same month last year
Rolls-Royce to stop making internal combustion cars by decade's end
Meanwhile, cross-country rival Bentley has announced it will bring forth a fully electric vehicle by 2025
 "Rolls-Royce to stop making internal combustion cars by decade's end")
Supply chain snarls could cost automakers $210 billion this year: Report
A shortage of semiconductors is just part of the problem, Alixpartners said in a new forecast
 "Supply chain snarls could cost automakers $210 billion this year: Report")
The chip crisis grows worse as wait time stretches to record 21 weeks
Chip lead times, the gap between ordering a semiconductor and taking delivery, increased by 6 days to about 21 weeks in August from the previous month
 "The chip crisis grows worse as wait time stretches to record 21 weeks")
Hundreds of Ford India workers protest over planned plant closure
The plant employs around 1,200 people
 "Hundreds of Ford India workers protest over planned plant closure")
