Page 28 - Automobile Industry

Covid-19: Auto sector suffered Rs 2,300-cr loss a day, says par panel

The Parliamentary Standing Committee On Commerce, chaired by Telangana Rashtra Samithi (TRS) MP Keshav Rao, has also suggested a slew of measures for attracting investment in the automotive

Audi India gears up to launch new version of A4 sedan next month

The company has already started production of the new car at its Aurangabad plant

Festive demand lifts Nov domestic passenger vehicle sales by nearly 5%: SIAM

India's passenger vehicle sales posted a 4.6 per cent rise in November as the festive season saw a pick up in demand, industry body SIAM said on Friday as it corrected its earlier projection of a shar

Fiat CEO Manley in pole position for top job at Ferrari: Report

Italian newspapers have since speculated on a raft of possible successors

Tata Motors floats VRS scheme to rein in fixed costs; its third in 4 years

The scheme announced on Friday is applicable to all the permanent employees and those employed at the plants

Auto manufacturers stare at supply outages amid shortage of semi-conductors

Mahindra and Mahindra is one of the firms that Bosch counts as a key customer. In a late evening notification to the stock exchange

Ford India to increase prices of vehicles by 1-3% from January

Maruti Suzuki India also announced a planned hike in prices on Wednesday

Long, steady auto demand depends on economy, Covid situation: Maruti Suzuki

Passenger vehicle retail sales in November witnessed a year-on-year rise of 4.17 per cent to 2,91,001 units as Diwali-Dhanteras period led to rise in vehicle registrations

Magnite could be the game changer Nissan is looking for in India

Nissan's latest launch, the Magnite SUV, could potentially redefine its business here

TVS Srichakra to invest Rs 1,000 cr to expand manufacturing capacity

Tyre maker TVS Srichakra Ltd on Tuesday announced a Rs 1,000 crore investment over a period of three years to ramp up its manufacturing capacity. The capital expenditure of Rs 1,000 crore will be used to ramp up manufacturing at its Madurai and Pantnagar plants, the company said in a statement "This investment is planned to be made over a three-year period. The investment, when fully made, will result in an increase in two and three-wheeler tyre capacity by 25-30 per cent and doubling of off-highway tyre capacity from current levels," it added. TVS Srichakra has manufacturing facilities at Madurai in Tamil Nadu and Pantnagar in Uttarakhand with a production capacity of over 3 million tyres a month. Commenting on the planned investment, TVS Srichakra Limited Director S Ravichandran, said, With a wide distribution network in India, growing international presence and building state-of-the-art capabilities in R&D and product development, we are further strengthening our manufacturing .

Kia Motors India aims to reach optimal capacity utilisation by 2022

The local arm of the Korean carmaker has been riding high on Sonet and Seltos in the domestic market in less than two years since it rolled out the first model

Can Toyota Kirloskar-workers' standoff be test case for labour reforms?

Labour unrest is not new to this 23-year-old plant - there have been at least four since it was set up, with one lockout in 2014 stretching for over a month

Kia Motors recalling 295,000 vehicles due to risk of engine fires

Kia is recalling nearly 295,000 vehicles in the US because the engines can stall or catch fire

Auto sales contract in November as firms enforce inventory control

Sales higher than previous year, but lower than October

M&M to manufacture K2 tractor series in Telangana; to invest Rs 100 cr more

Mahindra & Mahindra Ltd (M&M) on Tuesday said it will manufacture its new tractor series K2 exclusively at its Zaheerabad facility in Telangana, where it will bring incremental investments of Rs 100 crore and double employment in the plant by 2024. The new K2 series is Mahindra's most ambitious light-weight tractor programme. It has four platforms and the company will introduce 37 models in various horsepower (HP) ratings for domestic and international markets, including the US, Japan and South East Asia, M&M said in a regulatory filing. The new tractor series has been developed through close collaboration between the engineering teams from Mitsubishi Mahindra Agricultural Machinery of Japan and Mahindra Research Valley, India. "The new series will enable Mahindra to introduce products across four new tractor platforms, in the sub-compact, compact, small utility and large utility tractor categories, covering 37 models across various HP points," it said. M&M Executive ..

Maruti launches round 5 of Mobility & Automobile Innovation Lab initiative

The country's largest carmaker Maruti Suzuki India on Tuesday announced the fifth round of its 'Mobility & Automobile Innovation Lab' (MAIL) initiative, inviting entries from early startups in mobility and automobile space. So far, the company has collaborated with 18 startups selected in the previous four rounds of the MAIL programme, Maruti Suzuki India (MSI) said in a statement. Commenting on the initiative, MSI Managing Director & CEO Kenichi Ayukawa said, "As a next step, in the fifth cohort, we look forward to engage with more startups with innovative ideas for the automobile industry. Entrepreneurs with disruptive ideas, especially in light of the ongoing pandemic situation, can apply for the fifth cohort of our MAIL initiative". The MAIL programme has completed two years of collaborating and promoting the startup fraternity, he said, adding "We have successfully engaged with 18 startups and have enabled 10 POCs (proof of concepts)". Launched in January 2019, MAIL ...

Govt to launch PLI schemes for 10 sectors in 45 days. Is it overambitious?

By setting a deadline of 45 days for extending the scheme to 10 industries, the government may be ignoring the critical demands of the targeted industries

Faster recovery in CV segment remains key for Ashok Leyland stock

Despite increase in freight rates, operator profitability yet to reach normal levels

CV sales pick up but analysts don't bet on manufacturers' optimism

The recovery in core industries and resultant manufacturing output have increased freight demand for transporters, which in turn has supported CV sales

Auto firms welcome PLI scheme as sector gets lion's share of incentives

Rs 57,000 cr provided to auto components and automobiles, as compared to other sectors like advanced cell chemistry battery, pharma, food products, and white goods