Page 11 - Automobile Manufacturer

Auto manufacturers stare at supply outages amid shortage of semi-conductors

Mahindra and Mahindra is one of the firms that Bosch counts as a key customer. In a late evening notification to the stock exchange

CV sales pick up but analysts don't bet on manufacturers' optimism

The recovery in core industries and resultant manufacturing output have increased freight demand for transporters, which in turn has supported CV sales

Auto firms welcome PLI scheme as sector gets lion's share of incentives

Rs 57,000 cr provided to auto components and automobiles, as compared to other sectors like advanced cell chemistry battery, pharma, food products, and white goods

Passenger vehicle retail sales dip 9% in October on supply woes: FADA

Automobile dealers' body FADA said passenger vehicle retail sales in October witnessed a year-on-year decline of 8.8% to 249,860 units, as registrations slowed down owing to supply issues

Honda doubles full-year profit forecast, boosted by China rebound

Honda more than doubled its full-year operating profit forecast as its second-quarter earnings grew 28% amid a rebound in China after auto sales were squeezed by the impact of the coronavirus pandemic

VECV registers a 11.9% increase in sales to 4,200 units in October

VE Commercial Vehicles, a Volvo Group and Eicher Motors joint venture reported an 11.9% rise in sales for October at 4,200 units

Ashok Leyland commercial vehicle sales rise 1% in October to 9,989 units

Hinduja flagship firm Ashok Leyland reported 1% increase in total commercial vehicle sales to 9,989 units in October

Toyota Kirloskar posts 1.87% decline in total sales at 12,373 units in Oct

Toyota Kirloskar Motor on Sunday reported a 1.87 per cent decline in total sales at 12,373 units in October. The company had sold a total of 12,610 units in October last year, TKM said in a statement. On a sequential basis, the company said its October sales were higher by 52 per cent from September 2020 when it sold 8,116 units. Commenting on the sales performance, TKM Senior Vice President, Sales & Service, Naveen Soni said, "The month of October has been our best month so far since March 2020." He further said, "The festive season has proved to be bullish as we witness demand surging, month on month. This has been true of our retails too as order flow has been smooth, from the very beginning." Soni also said that the fact that the company's wholesaleshave been registering an average growth of close to 50 per cent every monthgives it the confidence that the demand for bigger vehicles is rising too, with both the Innova Crysta and the Fortuner clocking promising figures as ...

Maruti, Hyundai, Tata Motors witness brisk sales during Navratri period

Leading carmakers Maruti Suzuki India, Hyundai and Tata Motors saw better retail sales during the Navratri period this year as compared with last year with pent up demand of last few months aiding the brisk offtake. Kia Motors, Toyota Kirloskar Motor, Mahindra & Mahindra and Honda Cars India also witnessed robust sales during the ten-day period (including Dussehra) which is considered auspicious for buying new things and property. The country's largest carmaker Maruti Suzuki India (MSI) reported around 27 per cent increase in retail sales at close to 96,700 units during the Navratri period thisyear. "Our total retail sales were in the range of 96,700 units this year which is more than last year, MSI Executive Director for Sales and Marketing Shashank Srivastava said when asked about sales during the Navratri period. The auto major had retailed around 76,000 units in the same period last year. Similarly, Hyundai Motor India said it retailed 26,068 units during the period, an ...

Navratri sales: Cars zoom past sales goalposts, two-wheelers trudge along

Car market leader Maruti Suzuki India delivered around 85,000 to 90,000 cars as against 60,000 to 65,000 it delivered last year, said an industry source

Private sector yet to charge up on electric vehicle infrastructure

Foreign companies are more visible on technology side while domestic players like RIL-BP have plans only on paper

Actively scouting for a partner for passenger vehicle biz: Tata Motors

The auto major is looking for collaboration even as the process to carve out passenger vehicle (PV) business as a separate standalone unit gathers steam

Renault expands sales network, adds 34 sales, service outlets in 2 months

This marks a total of more than 90 new touchpoints that the company has added across India in less than a year, Renault India said in a statement

Frequent policy changes, taxes hurting luxury car market: Audi India head

Cars priced above Rs 25 lakh account for a per cent in India's 3 million-car market and share has remained unchanged over the last five years

Jaguar Land Rover's new chief plans deep cuts to product line-up

Six current and planned models face the axe, including electric XJ saloon

Harley fails, Hyundai triumphs: India's auto market is unlike any other

The problems: taxation system favours smaller cars, expat CEOs don't always understand business landscape

Best of BS Opinion: Babri Masjid demolition case, Covid-19 crisis, and more

Here's a selection of Business Standard opinion pieces for the day

Beijing Auto show: Demand rebound, EV boom mix with murky outlook

China's auto sales rose 11.6% in August from a year earlier, the fifth straight rise after plunging on coronavirus lockdowns

Nissan to launch slew of new vehicles in China over next five years: CEO

BEIJING (Reuters) - Nissan Motor's chief executive <7201.T> said on Saturday he planned to launch a number of new vehicles in the growing Chinese market over the next five years, including electrical cars, that could help the struggling Japanese automaker return to profit.

Out of the driving seat

We may have to wait till 2022-23, or even 2023-24 before sales climb back to the levels attained in 2018-19 and, as mentioned above, even those numbers were not inspiring