Page 26 - Automobile Industry

Automobile Q3 results preview: Strong volume recovery to drive earnings

The sharp increase in prices of major commodities such as steel, aluminum, copper and rubber may dent auto industry's Q3 results

Maruti Suzuki, Tata Motors, M&M: Price hike puts auto stocks in fast lane

On Monday, Maruti Suzuki increased the price for select models by up to Rs 34,000 to offset adverse impact of rising input costs

Maruti Suzuki increases prices of select vehicles by up to Rs 34,000

The company is increasing the price for select models owing to an increase in various input costs

Second-hand car business on high speed in India amid Covid-19 pandemic

The pandemic has accelerated the second-hand car business to the point of a demand-supply imbalance

Tata Motors begins production of flagship SUV Safari at Pune plant

Tata Motors on Thursday said it has commenced production of its upcoming flagship SUV Safari.

Honda puts the brakes on growth plans as scooter sales slow in India

Honda's scooter sales plunged 37 per cent year-on-year to 1,447,002 units in the first eight months of FY21

Ford has an uphill drive in India after snapping ties with Mahindra

Lack of scale despite a quarter century in India could stall its growth in the market after the break-up with Mahindra & Mahindra

Passenger vehicle retail sales rise 24% to 271,249 units in Dec: FADA

Automobile dealers' body FADA on Monday said passenger vehicle (PV) retail sales in December witnessed a year-on-year increase of 23.99 per cent to 2,71,249 units on the back of the pent up demand continuing from the festive season. According to the Federation of Automobile Dealers Associations (FADA), which collected vehicle registration data from 1,270 out of the 1,477 regional transport offices (RTOs), PV sales stood at 2,18,775 units in December 2019. Two-wheeler sales increased 11.88 per cent to 14,24,620 units last month, as compared to 12,73,318 units in December 2019. Commercial vehicle sales, however, slipped 13.52 per cent to 51,454 units in December 2020, as against 59,497 units a year ago. Similarly, three-wheeler sales fell 52.75 per cent to 27,715 units last month, from 58,651 units in December 2019. Tractor sales, however, grew by 35.49 per cent to 69,105 units last month, against 51,004 units in the same month of 2019. Total sales across categories increased 11.01

Tata Motors owned JLR car sales take pandemic hit; sales strong in China

Tata Motors-owned Jaguar Land Rover (JLR) on Monday released its 2020 sales figures

Passenger vehicle retail sales increase 24 pc in December: FADA

Automobile dealers' body FADA on Monday said passenger vehicle (PV) retail sales in December witnessed a year-on-year increase of 23.99 per cent to 271,249 units

Sustainability vs profitability: Auto companies walking a tightrope

Prices of key commodities, including steel, rubber, rhodium and platinum have seen a jump. Passing on the full cost increase may not be prudent as it may dissuade buyers

Expect 2021 to be better in terms of sales: Toyota Kirloskar Motor

The company witnessed a 6 per cent rise in wholesales in the December quarter, reporting a 14 per cent rise in December wholesales at 7,487 units against 6,544 in December '19

Mercedes-Benz India to increase car prices by 5% from January 15

Premium car maker Mercedes-Benz India on Friday said it is hiking its car prices by 5 per cent from January 15, owing to the currency depreciation and increasing input costs

Hyundai says in early talks with Apple after electric vehicle tieup report

Hyundai and Apple already work together on CarPlay, Apple's software for connecting iPhones to vehicles from a variety of automakers

Automaker forced to airlift raw material as container shortage bites

Companies halt production or pay 2-3 times extra to get slots in ships and containers

MG Motors sees no impact of Indo-China tension, expects sales to rise 75%

MG Motors on Thursday launched the seven-seater version of its premium SUV, Hector, at a price of Rs 13.34 lakh

Hiring activity registers 14% sequential growth in December: Report

The improvement was mainly led by insurance, auto and ancillary sectors, according to a report

Fiat Chrysler India unveils updated version of SUV Jeep Compass

Automaker FCA India on Thursday unveiled the updated version of its SUV Jeep Compass in the country

Maruti Suzuki's production rises 34% at 1,55,127 units in December

Maruti Suzuki India, the country's largest carmaker, on Wednesday said its total production in December 2020 increased 33.78 per cent

Fiat Chrysler to invest $250 million in India unit to launch new SUVs

By Aditi Fiat Chrysler said on Tuesday it will invest $250 million to grow its presence in India with the launch of four new sport-utility vehicles (SUVs) under its Jeep brand over the next two years