Page 4 - Automobile Manufacturer

Right to repair: Delhi's cellphone and auto markets cautiously optimistic

Now, as the Centre seeks to come out with a framework on 'Right to Repair' to facilitate self or third-party repair of products, chances are that new products will be available in the open market

The missing link: India's EV revolution is waiting for charging stations

The scarcity and poor viability of charging stations remains a major obstacle to the government's green mobility ambitions

Kia reports 40% jump to 1.88 trn in Q2 profit riding on high-end SUVs

Automaker Kia said on Friday that its second-quarter net profit jumped 40 per cent from a year earlier on an improved product mix and a weak won

Hyundai sells 1.88 mn vehicles in first six months, Q2 profit jumps 56%

Hyundai Motor said on Thursday that its second-quarter net profit jumped 56 per cent from a year earlier on improved product mix and a weak won

More than 1.3 million electric vehicles registered in country: Gadkari

Union Minister Nitin Gadkari on Wednesday said more than 13 lakh electric vehicles are registered in the country. This figure excludes the data of Andhra Pradesh, Madhya Pradesh, Telangana and Lakshadweep, the Road Transport and Highways minister said in a written reply to the Rajya Sabha. Gadkari said under Faster Adoption and Manufacturing of Electric Vehicles (FAME) Phase-II scheme, 2,877 public EV charging stations have been sanctioned in 68 cities and 1,576 EV charging stations across 9 expressways and 16 highways. "The number of electric vehicles in the country is 13,34,385 (excluding data of Andhra Pradesh, Madhya Pradesh, Telangana and Lakshadweep, which is not available in VAHAN 4) as on 14-07-2022 and a total of 2,826 public charging stations are operational in the country, as per the Bureau of Energy Efficiency," he said. Gadkari said, according to the World Road Statistics (WRS) of the International Road Federation, Geneva, India recorded 1.5 lakh road accident fataliti

Maruti Suzuki India eyes leadership position in SUV segment, says MD

Maruti Suzuki India is eyeing a leadership position in the SUV segment as it continues to add new products across various sub segments, a top company official said on Wednesday. The country's largest carmaker has bolstered its presence in the high volume entry and mid level SUV segments with new Brezza and all new model -- Grand Vitara. "In every segment except SUV, we are the market leader by a distance. It is only in the SUV that we are behind, so we need to catch up. Clearly, we have to become number one in the SUV space also," Maruti Suzuki India MD and CEO Hisashi Takeuchi said in an interaction on the sidelines of the global unveiling of Grand Vitara. He was replying to a query whether the auto major, which has leadership position in the hatchbacks, sedans and MPVs, also eyes pole position in the robustly growing SUV segment. Takeuchi noted that the SUV market is tough as there were already 56 products competing with each other. "It (segment) is getting bigger and bigger and

Auto firms to report muted Q1 earnings on high raw material prices

Analysts expect companies to fare better in the September quarter (Q2 FY23) as moderation in prices of raw materials starts having an impact

Gurugram: 2 booked for fraudulently taking loans worth crores of rupees

Police here booked two directors of a luxury car showroom for fraudulently taking loan worth crores of rupees using three luxury cars. According to the complaint filed by Jeebu Joseph, branch manager of The South Indian Bank Limited, Gurgaon Sector 23 that Zenica Cars India Pvt. Ltd, located on Golf Course road and an authorised dealer of Audi cars are enjoying three car loans from our branch under one banking arrangement. All three loans were disbursed in 2017. Rashpal Singh Todd and Mandhir Singh, the directors of the borrower company had joined the documents as guarantors to all the three loans. However, the account was classified as non performing asset (NPA) in 2018, it said. "On further enquiry, while scrutinising the list of entities uploaded in Central Fraud Registry [CFR] for the month of September 2018, we had observed that HDFC Bank had classified M/s Zenica Cars India Pvt. Ltd as fraud," the complaint read "Accordingly, an investigation was conducted in the branch it is

Tesla pauses plants after ending shaky quarter with a production milestone

The Shanghai shutdown and struggles ramping up new plants contributed to Tesla shares plunging 38% in the three months that ended in June, a record quarterly drop

Hyundai Motor India's total sales rise 14% in June; exports rise 17.2%

Hyundai Motor India Ltd (HMIL) on Friday reported a 14.5 per cent increase in its total sales at 62,351 units in June. The company had sold a total of 54,474 units in the same month last year, HMIL said in a statement. Domestic sales stood at 49,001 units last month as compared with 40,496 units in June last year, a growth of 21 per cent, it added. Exports stood at 13,350 units as against 13,978 units in the year-ago month, down 4.5 per cent. "With the semiconductor situation showing signs of easing out, the sales numbers have again started showing a positive trend," HMIL Director (Sales, Marketing and Service) Tarun Garg said. Further, he said, the newly launched Hyundai Venue has also received good customer response.

Ola Electric slips to 4th place with 5,753 e-scooter registrations

Ola Electric's registration figures have fallen by 33 per cent on the last day of June compared to the last day of May

Want to buy a Mahindra XUV700? Your waiting time might be 22 months

The Mumbai-based $15.8 billion cars-to-factory equipment conglomerate took the wraps off its Scorpio-N late Monday, an automobile it bills as the "Big Daddy of SUVs"

Bajaj Auto to buy back shares worth Rs 2,500 crore at Rs 4,600 each

Two-wheeler giant Bajaj Auto to take back 5.43 mn shares at Rs 4,600 a piece

TVS to bet on electric vehicles; to come up with 5-25-kW products

TVS Motor Company is coming up with multiple products in the two- and three-wheeler segments

Six airbags to be made mandatory in eight-seater vehicles: Gadkari

The government will make it mandatory for carmakers to provide a minimum of six airbags in motor vehicles that can carry up to eight passengers for enhanced safety of occupants, Nitin Gadkari said

Intel offers tech-based solutions to tackle road safety issues in India

Intel on Monday partnered with leading technology and transportation providers, vehicle makers, academia, and government to collaborate and bring solutions to address road safety-related challenges.

Nitin Gadkari approves draft of Bharat-NCAP car safety rating system

Cars in India were so far following Global-NCAP; it is not immediately clear whether the new standardised Indian tests or the consequent ratings will be mandatory

Nearly a dozen new UV models set to go on sale ahead of festive season

The peak festive season, which starts from Navratri and ends with Diwali, is critical for auto companies and accounts for a fifth of their annual sales

About 50% of Ford's Chennai employees agree to restart production: Official

Unions refute claim, say only 350-odd employees are heading back to shopfloor

Kia Sonet surpasses cumulative sales milestone of 150,000 units in 2 years

Automaker Kia India on Monday said its compact SUV Kia Sonet has crossed the cumulative sales milestone of 1.5 lakh units since launch in September 2020. The model has contributed over 32 per cent of the company's total sales and commands almost 15 per cent share in the highly competitive compact SUV category, Kia India said in a statement. "The Sonet has won several accolades not only for its design, performance, and practicality but also by creating favourability for iMT (intelligent manual transmission) and introducing the only Diesel AT in the segment," Kia India Chief Sales Officer Myung-sik Sohn said. In April this year, he said, "We added four airbags as standard across even the lower variants of Sonet, further enhancing the vehicle's safety and propelling its popularity." Kia India said the top variants of the model contributed to 26 per cent of its overall sales, while 22 per cent of buyers preferred automatic transmission and diesel powertrain accounted for 41 per cent of