Page 8 - Automobile Industry

Govt issues draft rules for car firms for mandatory rear seat belt alarm

The government has been considering enforcing the use of rear seatbelts after Cyrus Mistry, the former chairman of Indian conglomerate Tata Sons, died in a car crash recently

Merc's new EQS stays focused on luxury and comfort, EV or not

Globally, this car is priced at around $150,000 or Rs 1.2 crore; there's little surprise then that its price doubles to Rs 2.4 crore in India given the outlandish duties that CBU cars attract

Chip crunch driving used-vehicle sales, Shriram Automall revenues up 52%

Firm says pre-Covid level of sales achieved and that pre-owned vehicles are no longer a second choice

Auto industry's innovation for green alternatives need of the hour: PM Modi

Prime Minister Narendra Modi on Thursday stressed on the need for automobile industry's innovation for green alternatives to ensure protection and conservation of environment as well as help in making India self-reliant. In a written address to the annual session of the Society of Indian Automobile Manufacturers (SIAM), Modi said, "Amrit Kaal is an opportunity to achieve self-sufficiency in every sector and the automobile sector is no exception." The automobile sector has contributed to all-round development and growth of the economy through new avenues for employment generation, the Prime Minister said in his message read out by SIAM President Kenichi Ayukawa. "It is a need of the hour that the automobile industry's innovation for greener alternatives attains a new momentum, to ensure the protection and conservation of environment, as well as help in making India self-reliant," Modi said. He also expressed hope that the various stakeholders gathered at the convention that include

Top Headlines: Petro products export share rises; RBI rate hike, and more

With the price index surprising on the upside in August, many analysts have pencilled in a higher inflation print in September as well and accordingly expect the RBI to frontload policy rate hikes

India must target full electrification of 2, 3-wheelers in 4 years: Kant

80% of vehicle sales are in those segments, says the country's G20 Sherpa as he hails 'electric revolution'

EV adoption to disrupt automobile industry in a decade, says report

Indians likely to prefer electric two- and three-wheelers than bigger vehicles

Indian auto industry should aim for higher quality: Maruti Suzuki's Ayukawa

It should 'localise smallest of the components' and invest in new technology, says business leader

Dealers and automakers have a tumultuous relationship, says FADA President

Says manufacturers' financial clout has led to inequitable contracts between the two

TVS Motor zooms 109% from March'22 low; m-cap crosses Rs 50,000 crore

At 10:59 am; TVS Motor Company's market capitalisation stood at Rs 50,312 crore, the BSE data shows.

Makers of safety-critical parts on capex drive to get set for new rules

Not much gain for seat belts, which are a standard feature in several vehicles; but the airbag rule--as and when it takes effect--will have a multiplier effect on safety-critical components

Honda lines up Rs 260 cr to upgrade sales network with SUV push on anvil

Japanese automaker Honda along with its dealer partners plans to invest around Rs 260 crore to upgrade its dealerships across India to make them more premium as it gears up to drive in sports utility vehicles in the market starting next year, as per a senior company official. Honda's dealer network in the country currently comprises 330 facilities in 242 cities. The company, which is present in the country through a wholly-owned unit, had initiated the project in 2019 but it had to be scaled down due to the impact of the pandemic on the dealers' business. "With COVID situation improving a lot, we have renewed our focus on revamping the entire sales network and putting it on a fast track. There are still some challenges about capacity and time, but our effort is to maximise the number of revamped outlets in this year and next year," Honda Cars India Vice-President (Marketing and Sales) Kunal Behl told PTI in an interaction. The move to make the outlets premium is to cater to the ...

Domestic sales of passenger vehicles jump by 21.1% in August: Siam

Three-wheelers' domestic sales jumped from 23,606 units in August last year to 38,369 units in August this year, Siam noted

Vehicle sales up 8% in Aug, two-wheelers cause for concern: FADA

Tractor sales decline 32% despite good monsoons; three-wheelers do modestly compared to 2019

Automobile retail sales in India increase by 8.31% in August: FADA

Retail sales of automobiles in India grew 8.31 per cent in August this year on the back of increase in registrations of vehicles across all major segments, automobile dealers' body FADA said on Thursday. As per data released by the Federation of Automobile Dealers Associations (FADA), total vehicle retail sales in the country stood at 15,21,490 units last month as compared to 14,04,704 units in August 2021. Passenger vehicles (PV) retail sales stood at 2,74,448 units as compared to 2,57,672 units in the year-ago month, a growth of 6.51 per cent. Two-wheeler (2W) retail sales also grew by 8.52 per cent at 10,74,266 units in August 2022 as against 9,89,969 units in the same month last year, it added. FADA said the three-wheeler (3W) segment witnessed the highest growth rate last month posting 83.14 per cent increase at 56,313 units, up from 30,748 units in the same month a year ago. Commercial vehicles (CV) also witnessed a robust 24.12 per cent growth at 67,158 units as against 54,

Apollo Tyres' stock racing ahead on improving outlook, growth in EU

While volumes are rising, there are interesting structural changes taking place in the sector

Wearing rear seat belt set to become mandatory, says Nitin Gadkari

Looks to nearly treble NH toll revenue to Rs 1.4 trn in 2 yrs

SoftBank plans $35 million bet on India's GoMechanic, says report

SoftBank has for years been a prominent backer of Indian startups, investing close to $4 billion last year alone, according to data from Venture Intelligence

With high August sales, has Indian auto sector entered the fast lane?

Experts say this year's passenger vehicle sales may be a quarter of a million more than the initial estimates. The sharp uptick in August sales also points towards it. Here's a peek into the auto boom

Demand for luxury cars in India rises to a new high, buyers getting younger

The sale of supercars, costing above Rs 2,5 crore, is set to be 600-650 in 2022. This is expected to fetch Rs 1,200 crore to the auto companies