Page 5 - Automobile Manufacturer

EVs catching fire because of 'mad rush' to get into business: Rajiv Bajaj

'Upstarts and not start-ups have entered the sector'

M&M reports over 200% surge in total sales at 53,726 units in May

Mahindra & Mahindra (M&M) on Wednesday said its total sales stood at 53,726 units in May. The company had reported total sales of 17,447 units in Covid-hit May 2021. The Mumbai-based auto major's passenger vehicle sales in the domestic market were 26,904 units last month while the same stood at 8,004 units a year ago, the auto major said in a statement. Commercial vehicle sales of 24,794 units were posted in the month under review, while it was at 7,508 units in the year-ago period. The company said its exports were reported at 2,028 units in May. The overseas shipments were at 1,935 units in the corresponding period of the previous fiscal. "With sales of 26,632 SUVs in May, we continued the growth momentum with all our brands performing well, including XUV700 and Thar," M&M President (Automotive Division) Veejay Nakra said. The company is witnessing strong bookings and have a robust pipeline, he added. "We announced the launch of Scorpio-N, which is generating very high .

Hyundai Motor has a climate dilemma at one of world's top car plants

Hyundai Motor will study alternatives to a gas-fired power station for one of the world's biggest automobile plants after criticism the decision contradicts pledges to shift entirely to clean energy

WardWizard lines up Rs 650 crore investment to set up Li-ion plants

Electric two-wheeler maker WardWizard Innovations and Mobility is lining up close to Rs 650 crore investment for the manufacturing of Li-ion advance cells and related infrastructure, according to a top company executive. The Gujarat-based company, which sells electric two-wheelers under the Joy brand, plans to come up with an R&D centre and an assembly plant to set up the 1GWh cell production plant at its electric vehicle ancillary cluster in Vadodara. The company has already tied up with Singapore-based renewable energy management consulting firm Sunkonnect to do a feasibility study and identification of the potential partner for production processes. In an interaction with PTI, WardWizard Innovations and Mobility Managing Director Yatin Gupte said the company plans to invest around Rs 600-650 crore to come up with the required infrastructure over the next 18 months. "The likely investment for setting up the R&D Lab and the assembly plant would cost between Rs 75-125 crore. ..

Stellantis sees India as profitable auto mkt amid China, Russia challenges

Stellantis expects revenues in India to more than double by 2030 and operating profit margins to be in double-digits within the next couple of years.

Ford denies being in talks with Tamil Nadu govt for EV unit in Chennai

The talks are said to have started after the government approved Ford's proposal for manufacturing and exporting EVs as part of the Rs 25,938-crore production-linked incentive (PLI) scheme in February

Maruti Suzuki to hike prices this month; recalls nearly 20,000 Eeco vans

Over the past year, the cost of the company's vehicles continued to be adversely impac­ted due to increase in various input costs, the auto major said in a regulatory filing

Russian auto boomtown grinds to halt over Ukraine sanctions: Report

The PSMA Rus plant that is a joint venture between Stellantis and Mitsubishi and employs 2,000, may halt production soon due to a lack of parts, Stellantis' chief executive said last Thursday

Audi India plans to develop market by bringing in more products

German luxury car maker Audi plans to develop the market in India by bringing in more products and expanding the network across the country, an official of Audi India said on Friday

Nissan India Feb sales surge 57% to 6,662 units, over 4,000 nos exported

The company sold 2,456 units in the domestic market and exported 4,206 units in February

Kia India crosses 500,000 dispatch mark from Anantapur plant in Andhra

Automaker Kia India said it has crossed five lakh units in terms of dispatch across domestic and export markets from its Anantapur plant in Andhra Pradesh.

Renault launches limited edition Triber at Rs 7.2 lakh amid sales milestone

To mark the milestone, Renault India has also launched a limited edition of the Triber priced at Rs 7.24 lakh

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

1 in every 4 cars will have 5G connectivity by 2025, says Report

One in 4 cars will have 5G connectivity by 2025 that will make better use of real-time data transfer and fast cloud-car communication, among other improvements, a new report has shown.

Kia launches the new Carens with a starting price tag of Rs 8.99 lakh

Automaker Kia India on Tuesday launched its fourth product -- Carens -- in the domestic market, with the introductory price ranging between Rs 8.99 lakh and Rs 16.99 lakh (ex-showroom).

Ford reconsiders India after halting production, this time for EVs

In a statement on Friday, the company said it was 'exploring the possibility of using a plant in India as an export base for EV manufacturing'

TVS Motor Company registers sales of 266,788 units in January 2022

The Company's total exports registered sales of 97,858 units in January 2022 as against sales of 100,926 units in the month of January 2021

Mahindra & Mahindra total sales increase 20% in January

Mahindra & Mahindra (M&M) on Tuesday said its total sales increased by 19.55 per cent to 46,804 units in January 2022. The company's total sales stood at 39,149 units in January 2021. The Mumbai-based auto major's passenger vehicle sales in the domestic market stood at 19,964 units last month as against 20,634 units in January last year. Commercial vehicles sales increased to 23,979 units last month as compared with 16,229 units in January 2021. The company said its exports last month stood at 2,861 units as against 2,286 units in the same month last year. "We continued our growth trajectory with an overall growth of 20 per cent in January 2022...We continue to closely monitor the semi-conductor related parts issue and take corrective action as appropriate," M&M Automotive Division CEO Veejay Nakra said in a statement.

Hyundai lines up Rs 4,000 cr investment to drive in 6 EVs in India by 2028

South Korean auto major Hyundai plans to invest around Rs 4,000 crore to drive in around six electric vehicles in India by 2028. The company is planning to roll out a mix of models based on its existing range as well as completely new vehicles based on its global platform 'E-GMP' over the next few years. In an interaction with PTI, Hyundai Motor India MD & CEO S S Kim said that the company is gearing up to expand its presence in the EV space in the country in a big way with the first of the six new products being expected to debut next year. The company would invest around Rs 4,000 crore in the R&D towards the six-model line up till 2028. "As we continue to redefine the mobility space, today we are yet again showcasing our commitment towards Indian customers with the announcement of expanding our BEV line-up to six vehicles for the Indian market by 2028," Kim said. The company is taking experiences beyond mobility and are strongly focusing on intelligent technology, ...

Global automotive sensor market to reach $92 bn by 2026: Report

Driven by sensors that enable automated vehicles and ADAS, the global automotive sensors market is set to grow to over $92 billion by 2026 -- a 30 per cent increase over 2021, a new report showed