Page 29 - Automobile Industry

Passenger vehicle retail sales dip 9% in October on supply woes: FADA

Automobile dealers' body FADA said passenger vehicle retail sales in October witnessed a year-on-year decline of 8.8% to 249,860 units, as registrations slowed down owing to supply issues

Tata Motors aims to have widest portfolio of SUV in domestic market

The company is now gearing up to roll out two new models in the portfolio

Honda doubles full-year profit forecast, boosted by China rebound

Honda more than doubled its full-year operating profit forecast as its second-quarter earnings grew 28% amid a rebound in China after auto sales were squeezed by the impact of the coronavirus pandemic

Indian carmakers improve safety but yet to reach international levels

India wasn't applying widespread crash testing like foreign countries do, so manufacturers didn't see the need for an investment focus on safety

India doing well on climate change; on path to meet Paris Agreement targets

In recent weeks, three countries in Asia have announced their intention to move towards a "net-zero" emissions target: South Korea (2050), Japan (2050) and China (2060)

Automakers agree to offer discount of 1% if old vehicle scrapped

PMO bats for incentivising scrapping, not imposing it on owners of old vehicles

VECV registers a 11.9% increase in sales to 4,200 units in October

VE Commercial Vehicles, a Volvo Group and Eicher Motors joint venture reported an 11.9% rise in sales for October at 4,200 units

Ashok Leyland commercial vehicle sales rise 1% in October to 9,989 units

Hinduja flagship firm Ashok Leyland reported 1% increase in total commercial vehicle sales to 9,989 units in October

Covid-19 impact: Maruti Suzuki's price realisation at 7-quarter low

Firm attributes dip in average selling price to sales of more small cars and exit from diesel

TVS will grow faster than industry both in domestic and global markets: CEO

Company confident on maintaining EBITDA growth momentum on the backdrop of better product mix, cost management and exports

Pent-up demand, rural growth bring Maruti Suzuki back in recovery lane

The company remains cautious on full-fledged recovery, given concerns over a second wave of Covid-19

Japan automakers post 2.1% dip in Sep global sales on subdued demand

Japanese automakers saw a 2.1% drop in global vehicles sales in September compared with a year earlier as the coronavirus pandemic continued to hurt demand even as factories and dealerships reopen

VW recalls over 218,000 Jettas to fix fuel leaks that can cause fires

The recall covers certain cars from the 2016 through 2018 model years

Festive boom: Mercedes-Benz delivers 550 cars during Navratri, Dussehra

German luxury carmaker Mercedes-Benz on Monday said it delivered 550 cars during Navratri and Dussehra thus driving into a robust festive season. The deliveries were in Mumbai, Gujarat, Delhi NCR and other Northern markets. The festive season deliveries in the Delhi-NCR region stood at 175 units and there is anticipation of strong demand for upcoming Diwali and Dhanteras period, Mercedes-Benz India said in a statement. Commenting on the performance, Mercedes-Benz India Managing Director & CEO Martin Schwenk said, "the festive season this year has begun on a very strong note and we are glad to witness this positive customer sentiment." He further said, "this impressive number of deliveries makes us confident of a good festive season and firmly underlines the trust and confidence that luxury car buyers have on Mercedes-Benz brand and products." On the outlook, he said, "we are confident of further driving this momentum for the rest of the festive period and the quarter. We have an .

Faced with declining sales, auto firms see room for growth via rent-a-car

But final cost of leasing may outrun cost of ownership

World's fastest car at 508 kmph in pics: Things to know about SSC Tuatara

The SSC Tuatara is a hypercar designed, developed and manufactured by American automobile manufacturer SSC North America. It recently broke all records to become the world's new fastest car

At 508 kmph, reptilian SSC Tuatara hypercar is the world's fastest car

Formed in 1998, SSC is among the most obscure automakers in the world

Recovery eludes bus sales as schools, public transport remain shut

Sales of heavy duty and light buses reported a steep decline of 95.31 per cent and 82.48 per cent respectively in the first half of the current year over the corresponding period

Frequent policy changes, taxes hurting luxury car market: Audi India head

Cars priced above Rs 25 lakh account for a per cent in India's 3 million-car market and share has remained unchanged over the last five years

Auto firms kick-start Navratri with higher deliveries than last year

Number could have been higher had it not been a Saturday, say dealers. Last day of the week seen as inauspicious by many and people tend to avoid buying items made of iron