Page 31 - Automobile Industry

'Automobile sales growth would sustain going ahead': Kansai Nerolac MD

As the paint company completes 100 years of operations, Bharuka highlights that it would continue to maintain its leadership position in the industrial paints segment going ahead

Harley to GM, India's auto market remains elusive for most global firms

Over the last three years, at least three global brands - Harley-Davidson, being the latest - were forced either to exit or scale down their operations

Harley Davidson exit to impact around 2,000 jobs across dealerships: FADA

With a luxury brand like Harley, setting up its dealership costs anywhere between Rs 3-4 crore, and with a total of 35 dealerships, Rs 110-130 crore will go down the drain, Gulati said

Covid impact: Global automakers pin hopes on China's recovery by 2022

The world's biggest car market since 2009, China can still grow for the foreseeable future because of its relatively low penetration and expanding middle class

Ashok Leyland banks on the Phoenix to expand biz in India, global market

Launches on a platform developed entirely in-house is the commercial vehicle maker's weapon of choice to expand domestic market share and develop new global markets

Toyota launches compact SUV Urban Cruiser, price starting at Rs 840,000

Toyota Kirloskar Motor (TKM) on Wednesday launched its youngest SUV, the all-new Toyota Urban Cruiser, to strengthen its offerings in the segment. The Toyota Urban Cruiser is the second model to be launched in India under the global Toyota-Suzuki alliance following the the premium hatchback, the Toyota Glanza. Priceranges fromRs 840,000 to Rs 11,30,000 (Ex- showroom, Delhi), the company said in a statement. 'Dual Tone', available only in the premium variant of both MT & AT options, are priced atRs 998,000 and Rs 11,55,000, respectively, it was stated. The compact SUVis powered withK-Series 1.5 litre, four- cylinder petrol enginewithchoice of Manual Transmission (MT)/Automatic Transmission (AT), the statement said. AllAT variantsare equipped withadvanced lithium-ion battery with integrated starter generator comprisingtorque assist function, idle start stop function, brake energy regeneration function for enhanced fuel efficiency, the company said.

6 months after lockdown: Covid-19 impact on economy likely to be long-term

From when the lockdown was imposed on March 24, the number of Covid-19 cases has shot up from 500 to almost 5.6 mn

Covid-19 impact: Worst over, but auto, retail, real estate still ailing

These sectors account for nearly a fourth of India's GDP

Wanted: Ear to the ground

The government needs to listen to business

Despite challenging economic environment, Bharat to drive Maruti's sales

Rural buying 41% of the total during Apr-Aug

TVS Motor expands ops in Colombia, announces partnership with Auteco SAS

Autotecnica Colombiana SAS will operate 50 exclusive dealerships exclusive of TVS Motor Company and will create dedicated space for the brand in over 600 retail outlets

Will invest Rs 2,000 crore in India: Toyota Kirloskar Motor vice-chairman

High GST rates taking a toll on volumes, says Viswanathan

We continue to remain committed to India operations: Toyota Kirloskar Motor

The statement follows a Bloomberg report which said that Toyota did not plan to expand further in India

GM encouraged by global recovery, will prefer long-term strategy: CEO

GM also is not looking for "a short-term pop" as it relates to its corporate structure, CEO Barra added, when asked about a possible spinoff of the automaker's electric vehicle assets

Toyota Motors halts expansion plans in India, blames high tax regime

Toyota, one of the world's biggest carmakers, began operating in India in 1997. Its local unit is owned 89% by the Japanese company and has a small market share

Tax, high interest rates hurdles for growth of auto industry: Force Motors

The company, which makes commercial vehicles under the Traveller brand and utility vehicle Trax, said the situation calls for a very detailed and thorough reform

Auto component industry seeks long term roadmap for regulatory changes

The industry, which accounts for around 2.3 per cent of the country''s GDP, has been struggling of late due to a prolonged downturn in the auto industry as a whole and due to Covid-19 situation

Moped sales see highest growth in segment in August since lockdown

Moped sales have turned around since June on the back of good monsoon and positive sentiment in the rural market

Auto sales rebound in August after nine months due to pent-up demand

Two-wheeler sales increased by 3 per cent to 1,559,665 units, while passenger cars grew 14 per cent YoY to 124,715 units

Auto component firms eye higher exports, low imports to become self-reliant

Top official at various auto component firms said exports, which anyways have been intrinsic to the overall strategy, will increase at a rapid pace over the next two to five years