Page 5 - Automobile Makers

Ashok Leyland expects turnaround in CV business, 30% market share in FY23

Having endured a few very tough quarters, the commercial vehicle major has seen its overall market share hovering around 24-25 per cent

India wants Tesla to buy $500-mn local auto parts for tax break: Report

While it could start at a lower base, Tesla would need to agree to ramp up Indian parts purchases by around 10% to 15% a year until a satisfactory level was achieved, says a source

Motherson Sumi shares decline nearly 5% after 80% fall in Q3 PAT

The stock tanked 4.82 per cent to settle at Rs 171.70 on BSE, it declined 4.54 per cent to close at Rs 172.15 on NSE

Omicron impact: Domestic two-wheeler sales take a severe knocking

YTD fiscal year sales plunge to the lowest in nine years, January remains muted

Volkswagen India rolls out 4th SUV Tiguan; sedan plans on track too

The sedan market has monthly sales of around 25,000 cars a year annually, and is largely dominated by two products, the Honda City and the Hyundai Verna

Smart robots do all the work at Nissan's 'intelligent' plant: Report

All auto-makers are working on robotic technology that can increase adaptability and enable them to respond quickly to market demand

Indian auto dealers ask government for help after Ford exit setback

The Federation of Automobile Dealers Association (FADA) said in a letter to India's industries ministry, sudden exits by global companies "cause great distress."

No easy rides: Why is India becoming a graveyard for world's auto majors?

India is a market for low-priced cars with low running costs. The global majors don't have models that fit the bill; only Maruti and Hyundai have successful entry-level models, writes T N Ninan

Analysts prefer auto ancillary stocks over OEMs as states push EV policies

Nomura believes that if new players' vehicles sell well, multiples of incumbent OEMs like Hero MotoCorp and Bajaj Auto may de-rate

Chinese EV maker Xpeng eyes global market after $1.8 billion HK listing

Chinese electric vehicle maker Xpeng Inc, which on Wednesday raised $1.8 billion from a Hong Kong listing, will develop future models based on product platforms designed for international markets

Govt extends mandatory installation of airbags in existing models till Dec

The road transport ministry has deferred by four months the mandatory installation of dual airbags for front seats in the existing car models a senior government official said.

SKF India to offer financial support to employees amid Covid-19 pandemic

SKF India on Monday announced COVID-19 support for employees and their immediate family members in the unfortunate event of an employee succumbing to the coronavirus infection

MG Motor India sees retail sales of 5,528 units in March on robust demand

'The highest monthly sales achieved in March 2021 are very encouraging with momentum continuing for our product lines', said the chairman

Tractor sales rise by around 30% in February 2021 to 84,690 units

February 2021 sales were lower compared to January 2021 sales of 87,579 units and production of 96,020 units

TVS Motor Company launches 2021 TVS Apache RTR 160 4V motorcycle

TVS Apache RTR 160 4V motorcycle comes with an advanced 159.7 cc single-cylinder, 4-valve, oil-cooled engine, that churns out 17.63 PS at 9250 RPM and 14.73 Nm torque at 7250 RPM.

Fiat Chrysler to invest $250 million in India unit to launch new SUVs

By Aditi Fiat Chrysler said on Tuesday it will invest $250 million to grow its presence in India with the launch of four new sport-utility vehicles (SUVs) under its Jeep brand over the next two years

Sportcars to EVs, new wheels on the block set to drive interest in 2021

The latest sportscars, sedans, SUVs and electric vehicles to look forward to this year

Ford Motor pulls the plug on plans to cede India business to Mahindra

Ford took a $799 million impairment charge in 2019 in anticipation of the asset transfer to Mahindra to account for what it called fair value less cost to sell

Wholesales to grow on low base for all automobile segments: Motilal Oswal

Wholesale volumes in the automobile sector are estimated to grow at 14.4 per cent for two-wheelers on a low base and 5.4 per cent for passenger vehicles due to year-end sales, Motilal Oswal Financial Services said on Tuesday.However, commercial vehicle volumes are likely to decline by 2.8 per cent (LCV growth of 4.7 per cent but restricted by a decline of 11.6 per cent in M & HCVs).At the same time, said the Motilal Oswal report, wholesale volumes for tractors are expected to grow by 38.4 per cent year-on-year on robust demand and lower base.Discounts currently stand 50 per cent as compared to last year. Inventory is lower than normal for passenger vehicles and tractors, leaving headroom for higher inventory filling in the coming months.Wholesales are expected to grow on a low base in December, catering to the spillover demand from the festive season and inventory refilling (for passenger vehicles and tractors).Motilal Oswal said the two-wheeler inventory currently stands at 30 to

Indian automakers fear container shortage to hit parts supply, output

A global surge in demand for certain goods during the pandemic has upended normal trade flows