Page 34 - Automobile Industry

Connected cars to gain traction in Indian market, says Deloitte's survey

The survey revealed that two out of three Indians are willing to pay up to Rs 50,000 for connected technologies.

Bajaj Auto unions demand factory halt after 250 workers test Covid positive

The affected Bajaj Auto factory is located in western Maharashtra, the state with the highest number of cases of Covid-19, the disease the virus causes

Motorcycle segment to outperform other auto verticals amid Covid-19: Fitch

'While we forecast that India's motorcycle sales will contract by 23.7 per cent year-on-year in 2020-21, we expect motorcycle production to contract by just 16 per cent year on year," it said

Tractor sales rise in June; commercial vehicles segment continues to skid

Mahindra & Mahindra Farm Equipment Sector's domestic sales in June saw a surge of 12% to 35,844 units, as against 31,879 units in June 2019.

Riding out the Covid-19 crisis: Auto shows pick-up signs in rural India

Maruti Suzuki India, the country's largest carmaker, on Wednesday reported a 53.8 per cent year-on-year decline in domestic passenger vehicle sales to 51,274 units in June due to Covid-19 crisis

Auto companies say disruptions in Chinese imports will hurt their recovery

Over a quarter of India's auto part imports - worth $4.2 billion - came from China in 2019, according to the data from Auto Component Manufacturers' Association of India (ACMA).

Auto exports slump 73% in May due to lockdown disruptions: EEPC India

In April-May period of the ongoing financial year, the exports dropped by 83 per cent to $281.1 million from $1,632.7 million in the year ago period, it said

Auto, pharma cos to continue with Chinese imports till alternatives emerge

In 2018-19, India imported auto components worth $17.6 billion, of which 27 per cent -- $4.75 billion -- were from China

Govt to rescind vehicles' Bulk Data Sharing Policy to protect privacy

The government had come out with the 'Bulk Data Sharing Policy & Procedure' policy last year, saying it was to support the automobile industry

Slowing Chinese imports may delay automakers' electric vehicle target

Support from Centre on alternative fuel technologies and batteries holds key

Moody's cuts rating on Tata Motors, changes outlook to negative

Rating action comes days after the Tata group flagship reported a quarterly pre-tax loss of Rs 9,313 cr compared to a profit before tax of Rs 1,265 cr a year ago

After record loss, Tata Motors to scout for partner in car business

Company embarks on aggressive deleveraging exercise even as it has cut capex for India business this fiscal

MG Motor India to enter multi-purpose vehicle segment with Hector Plus

The company plans to hire about 200 associates for its Halol plant to ramp up overall production to pre-Covid-19 level

Tata Motors to acquire Jayem Automotives stake in JT Special Vehicles

JTSV will become a wholly owned subsidiary of Tata Motors, following the completion of the procedural requirements

M&M: Rural demand, normal monsoons and higher MSP to support volumes

Capital allocation, urban volumes, new regime key factors to be seen

Hyundai Motor to shut down Irungattukottai facility for annual maintenance

This maintenance activity will be carried out during the period June 15-19, 2020, in both the Hyundai plants for upgradation of robots as well as existing machinery

Ashok Leyland sees demand pick-up in short term; eyes maintenance, repairs

With subdued demand for new vehicles in short term, higher demand is expected for repairs and maintenance of existing fleet

How unlocking bicycle sector's potential can help India's underprivileged

The world might emerge from the Covid pandemic riding on bicycles, says Jagdish Khattar. India has a chance to lead the pack

Tamil Nadu CM sends feelers to 11 automotive CEOs to invest in the state

Palaniswami promised customised incentive package to majors like Tesla, BMW, Mercedes-Benz, among others

Tata Motors resumes operations across all its manufacturing plants

The company has restarted operations at all plants with Jamshedpur facility also getting approval on May 27, Tata Motors said in a regulatory filing.