Page 2 - Automobile Makers

'Maruti Suzuki may fall short of 2 mn units production target this FY'

Maruti Suzuki India's challenge to produce 20 lakh units this fiscal may fall slightly short, according to company Senior Executive Officer, Marketing & Sales Shashank Srivastava. He, however said, the company is still counting on an outside chance to meet the challenge through execution of its pending orders that stands at around 3.75 lakh units. Earlier in August this year, Maruti Suzuki India Chairman RC Bhargava, in his address to shareholders in the company's annual report for 2021-22 had stated that the company will increase its production and will challenge to produce 20 lakh units in the ongoing fiscal with semiconductor availability improving. He has said that the new midsize SUV, Grand Vitara, was expected to play a key role in the challenge to touch 20 lakh units. "By our current calculation, I think it should be slightly short of that number," Srivastava told PTI when asked if the company was on track to challenge the target. He, however, said a lot would depend on how

Maruti Suzuki plans price hike in Jan due to inflation-led cost pressure

Maruti Suzuki said the price hike would vary across models

Suzuki Motor sees Indian PV market at 7-8 mn by 2030, Maruti aims 50% share

Pre-Covid it had predicted that the market would reach 10 million

Passenger vehicle makers to spend Rs 65,000 cr on capacity expansion: Icra

Higher production is to cumulatively jack up overall capacity utilisation rate in PV industry to 74% by FY23-end from 59% in FY22

Ola Electric on track to open 200 experience centres by end of 2022

The experience centres will enable customers to touch and feel Ola scooters, clarify their queries, and avail support both before and after purchase

Jaguar Land Rover cuts UK production on chip shortages: Report

The loss-making manufacturer, owned by India's Tata Motors, will cut production of the Range Rover Velar and Jaguar F-Pace models that are made in Solihull

Carbon reduction hinges on share of renewables in energy: TKM's V Kirloskar

The share of renewable energy as a percentage of total generation is only 30 per cent. Unless this goes up I don't see carbon emission coming down, Kirloskar said

EV company Motovolt Mobility raises Rs 16 cr in per-series A funding

The funds raised will primarily be used for new product introduction, marketing initiatives, and growing Motovolt's presence through more retail points pan India

Ultraviolette unveils India-made F77 electric motorcycle for Rs 3.8 lakh

Company says bike has the most advanced battery pack in the industry

Ather Energy takes on Ola, Okinawa, opens second manufacturing facility

Firm is in also in talks with various state govts to set up a third plant, which when completed, is likely to have a capacity of a million units a year

Volvo-Eicher looks to make most of post-pandemic recovery in bus market

Aims to disrupt intercity segment with fully-built luxury coaches

Electric sports bike firm Ultraviolette get funding from Qualcomm, Lingotto

Bengaluru-based start-up will launch motorcycle on November 24, aims to be in international markets

Jaguar Land Rover looks to hire laid off tech workers, says report

The carmaker on Friday announced a jobs portal for displaced tech workers to fill 800 roles

Bajaj Auto eyes south east Asia to take e-scooter space by storm

Bajaj's presence in this market in ICE vehicles has been limited till now because the region is essentially a step-through two-wheeler and scooter market

Mercedes-Benz slashes China EV prices by up to $33,000 as sales lag

The luxury automaker said in a statement on its website late Tuesday that it was reducing prices on certain models from its EQ range, effective Wednesday, and that it would provide subsidies

Brokerages see margin expansion at auto firms as outlook turns positive

Higher volumes and softer raw materials to drive expansion

Strong SUV sales bump up M&M's Q2 net by 46% YoY to Rs 2,090 crore

Revenue during the period rose 57% to Rs 20,839 crore from Rs 13,314 crore

Toyota Kirloskar forays into CNG segment; introduces 2 new models

Toyota Kirloskar Motor on Wednesday announced its foray into the CNG segment with the launch of Glanza and Urban Cruiser Hyryder trims with the environment-friendly powertrain. The two CNG trims of Glanza are priced at Rs 8.43 lakh and Rs 9.46 lakh respectively. The company, however, did not disclose the price of Urban Cruiser Hyryder CNG variants. Toyota Kirloskar Motor (TKM) Associate Vice President, Sales, and Strategic Marketing, Atul Sood said that being a customer centric company, the automaker believes in placing customers' interest at the forefront. "Our goal at Toyota has always been to serve the market needs with a clear focus on customers' aspirations, and by providing the most viable products and services to our customers. "With the same vision in mind, we are delighted to announce our foray in the CNG segment, driving in CNG variants for two of our much sought-after offerings, the Toyota Glanza and the Urban Cruiser Hyryder," he noted. With the latest addition, the .

Tata Motors to delist ADS, net loss in second qtr narrows to Rs 945 crore

The move will help simplify the company's financial reporting requirements and reduce administrative costs, it said

BMW India turns the corner, reports profit in FY22 due to high demand

The company posted its highest-ever revenue in India in FY22 at Rs 4,365.8 crore