Page 19 - Automobile Industry

Volkswagen says might have to cut production further due to chip shortage

Volkswagen may need to cut production further due to a semiconductor supply bottleneck, the German carmaker said on Thursday.

High fuel prices shifting demand for diesel models: Hyundai official

Leading automaker Hyundai India on Wednesday said that skyrocketing prices of fuel in the country is increasing the demand for diesel models for the company. Director (sales and marketing) of Hyundai India Tarun Garg said diesel models are 30 per cent more fuel-efficient than the petrol versions which is causing the rise in demand in favour of the former. Speaking to reporters at Domjur in Howrah district, Garg said "Hyundai is concerned about the rise in fuel prices. But since diesel models are 30 per cent more fuel-efficient than petrol versions, there is a hike in demand for the former". He said though 2021 faced the second wave of the pandemic, sales are now back to normal to pre-Covid levels. However, the company is wary of a possible third wave, the official said Garg said that demand for SUVs is going up and Hyundai's share of this category to overall sales is 47 per cent. According to him, Hyundai's market share last year was 17.4 per cent, the highest ever in the company

Honda drives in new Amaze with price starting at Rs 6.32 lakh

Honda Cars India on Wednesday said it has launched an updated version of its compact sedan Amaze in the country, priced between Rs 6.32 lakh and Rs 11.15 lakh (ex-showroom Delhi).

Court asks Renault-Nissan to pay workers $9.5 million interim dues

Workers at the Renault-Nissan plant in Chennai filed an industrial arbitration suit demanding 20,000 rupees as a monthly interim settlement after the expiry of a previous wage agreement in March 2019

Tata Motors lines up new models, looks to enhance sales infrastructure

Tata Motors plans to drive in new models, expand sales network as it aims to maintain its double digit market share in the highly competitive domestic market, as per a top company company official

Vehicle scrappage policy will promote circular economy, says PM Modi

Modi launched the National Automobile Scrappage Policy and said the initiative will promote a circular economy and make the process of economic development more sustainable and environment-friendly

Passenger vehicle sales in India rise 45% in July to 264,000 units: SIAM

Passenger vehicle wholesales in India increased by 45 per cent to 2,64,442 units in July against 1,82,779 units in the same month last year, auto industry body SIAM said on Thursday. According to the latest data by the Society of Indian Automobile Manufacturers (SIAM), two-wheeler dispatches from the OEMs to dealerships declined by 2 per cent to 12,53,937 units in July, compared to 12,81,354 units in the year-ago period. Motorcycle sales were at 8,37,096 units last month as against 8,88,520 units in July 2020, down 6 per cent. Scooter sales increased 10 per cent to 3,66,292 units from 3,34,288 units. Similarly, three-wheeler sales surged 41 per cent to 17,888 units last month as against 12,728 units a year ago. The total sales across categories, excluding commercial vehicles, stood at 15,36,269 units compared to 14,76,861 units in July last year.

Mahindra recalls 29,878 pick up vehicles to replace faulty fluid pipe

Mahindra & Mahindra (M&M) on Tuesday said it is recalling 29,878 units of its pick up vehicles to replace faulty fluid pipe amid suspicion of improper assembly. The company has announced a proactive inspection and replacement of a fluid pipe in some of the pick up vehicles manufactured between January 2020 and February 2021 for suspicion of improper assembly, M&M said in a regulatory filing. The recall is limited to a batch of 29,878 vehicles and is keeping in line with the company's customer-centric approach, it added. "The inspection and subsequent rectification will be carried out free of cost for all customers, who will be individually contacted by the company. In an endeavour to ensure a hassle-free experience for its customers, the company is proactively carrying out this activity," the auto major said. The action is also in compliance with voluntary code on vehicle recall. Last month, the company announced undertaking a proactive inspection and replacement of diesel

MG Motor launches seven-seater Gloster trim tagged at Rs 37.28 lakh

MG Motor India on Monday launched a seven-seater version of its SUV Gloster Savvy tagged at Rs 37.28 lakh (ex-showroom). The new variant of the SUV would strengthen the Gloster range and provide customers with the power to choose from a broader range of variants. The automaker currently sells the model with six-seat configuration. "We are introducing the Gloster Savvy with a 7-seater configuration in response to requests from our customers. With this addition to the existing Gloster Savvy with 6-seater configuration, we are offering our customers the power to choose a vehicle as per their needs and preferences," MG Motor India Chief Commercial Officer Gaurav Gupta said in a virtual launch event. Under the hood, the new Gloster Savvy trim, like its six-seat counterpart, comes with a two-litre twin turbo diesel engine generating 200 PS power and 480 Nm of peak torque. It features multiple driving modes enabled with Advanced Driver Assistance System (ADAS) and a BorgWarner Transfer c

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

500 EV models now: Two-thirds of global car sales will be electric by 2040

If any country is going to meet its net-zero emissions targets in the next 30 years, more needs to be done to clean up road transportation

As technology evolves, flying cars finally get ready to take off

The interest in such vehicles is driven by e-commerce penetration and the popularity of ride-hailing. The pandemic has also led to a new focus on personal transport

Volvo Car India commences 24x7 customer support service across country

Volvo Car India on Thursday said it has initiated a 24x7 customer support service for its customers in the country

You won't see Teslas in India anytime soon: Elon Musk will tell you why

The country's age-old, protectionist instincts have kept out international auto companies for decades.

BMW India drives in Individual 740Li M Sport Edition tagged at Rs 1.42 cr

BMW India on Tuesday said it has launched Individual 740Li M Sport Edition in the country priced at Rs 1.42 crore (ex-showroom Delhi)

Auto industry defers Expo for the first time ever on Covid-19 scare

This is the first time Siam is putting off the show since it started in 1986

Maruti, Tata Motors: How to trade auto stocks in the run-up to RBI policy?

While industry executives feel that there will be no shortfall in consumer demand in the near future, most are wary of the near-term challenges

Tata Motors domestic sales increases 92% to 51,981 units in July

Tata Motors on Sunday said its total domestic sales increased by 92 per cent to 51,981 units in July as compared to the same month last year.

Tata Motors looking at measures to offset impact of semiconductor shortage

Tata Motors is looking at various measures, including direct buying from stockists and making changes in the product configurations, to offset the impact of semiconductor shortage

India's Droom aims to list on Nasdaq, valuation crosses $1.2 billion

Online automobile marketplace expects to benefit from customers looking to own vehicles, avoid public transport.