Page 6 - Automobile Manufacturer

Dhanteras glitter dims for consumer appliances firms, automakers

Inflation, second Covid-19 wave, semiconductor shortage major reasons behind tepid sales

Tesla EV sales boom in Singapore, pushing rivals' models off the streets

This week, Tesla surpassed $1 trillion in market value, overshadowing the combined value of five of its biggest rivals, Toyota Motor Corp, Volkswagen AG, Daimler AG, Ford Motor Co and General Motors.

Navratri sales: Chip shortage dents PV retails, 2-wheelers see weak demand

High acquisition cost dissuades motorcycle and scooter buyers this festive season, while carmakers have been unable to cater to the demand owing to chip shortage

Tesla ordered to pay over $130 mn to Black ex-worker over racism: Report

The jury awarded Diaz $6.9 million in compensatory damages and $130 million in punitive damages, according to the Wall Street Journal.

Mahindra considering funding options for EV supercar unit, says report

BENGALURU (Reuters) - Mahindra & Mahindra Ltd is considering options to raise funds for its unit Automobili Pininfarina, as the Indian automaker looks to start production of its $2.2 million electric hypercar, Bloomberg News reported.

Toyota to hike prices by up to 2% from Oct 1 to offset rise in input costs

TKM on Tuesday said it will increase prices of its entire model range by up to 2 per cent with effect from October 1 in order to partially offset the impact of rise in input costs.

Toyota Kirloskar pulls plug on Yaris sedan after three years as sales dip

Expect spares for sedan for next 10 years; rebadged Ciaz roll-out soon

Small cars too need adequate number of airbags to ensure safety: Gadkari

Union minister Nitin Gadkari wondered why auto makers are providing eight airbags only in big cars bought by rich people.

Ford wakes up badly burnt from its India dream: Here's what went wrong

Analysts and executives said foreigners badly misjudged India's potential and underestimated the complexities of operating in a vast country that rewards domestic procurement.

Consumer goods companies continue to lose out to other sectors on bourses

Their weighting on the benchmark Nifty50 has fallen to 15%, an 11-year low

Auto PLI scheme focuses on EVs; Tata Motors, Bajaj Auto to gain: Analysts

The timing of the Auto PLI scheme has to be seen in the context of investment leaving China due to regulatory crackdown, say analysts

Ford Motor's India exit opens dealers to legal action from customers

Dealers will likely face "legal complications" given that Indian consumer law makes them liable after a manufacturer exits, Vinkesh Gulati, president of the FADA said

India's lagging automobile stocks face risk of festival season fizzle

Below-normal monsoon rains that have impacted rural demand and the risk of an impending third coronavirus wave are posing a challenge for Indian vehicle makers

PLI scheme will accelerate commitment to new technologies: Automakers

The scheme will contribute towards reducing carbon emissions and oil imports with local manufacturing

Force Motors unveils all new version of Gurkha SUV; deliveries in October

Force Motors on Wednesday unveiled the all-new version of its sports utility vehicle Gurkha with deliveries expected to begin from October 15. The Gurkha 2021 is built on a ground-up modular architecture platform with an all-new wider and longer body, full new interiors, a new crash compliant, high strength chassis, new coil spring suspension on all four wheels fine-tuned to achieve the right balance and offer the best in class ride quality on multiple surfaces -- tarmac, rough rural roads and off the road, the Pune-based company said. The only carryover from the previous generation Gurkha is the Mercedes G-Wagen inspired look and imposing stance, it added. Aligning with the changing customer expectations and aspirations, we have designed and developed the all-new Gurkha on a ground-up, modular architecture platform and are confident that we shall now be able to appeal to a much wider audience who wish to own a vehicle that is suitable for both daily commutes as well as adventure ..

Maruti Suzuki Swift crosses 2.5 million cumulative sales milestone

The country's largest carmaker Maruti Suzuki India (MSI) on Tuesday said its premium hatchback Swift has crossed 25 lakh cumulative sales milestone in over 16 years of its launch in the country. The model, which was the country's leading model in terms of sales in the last fiscal, has transcended its records by clocking cumulative sales of 2.5 million units, MSI said in a statement. Swift had created the premium hatchback segment in the country with its launch in 2005. "With its launch in 2005, Swift heralded the start of the premium hatchback segment in India... million Swift lovers. The No. 1 selling car of FY20-21, the sporty Swift has created a glorious legacy with its scintillating looks and power-packed performance," MSI Senior Executive Director (Marketing & Sales) Shashank Srivastava noted. Swift is not a car, it is a feeling, an emotion and a refreshing new thought process that challenged many notions around hatchbacks, he added. "This success is a testament to the love .

China is on course to build the best cars in the world for the right price

China pays relatively low wages and has millions of skilled workers steeped in the nation's strong manufacturing culture.

Toyota to spend $13.5 billion to develop EV battery tech and supply by 2030

The world's largest automaker by volume, which pioneered hybrid gasoline-electric vehicles with the popular Prius, is now moving rapidly to deliver its first all-electric line-up next year.

Automakers expect better festive season even as chip shortage lingers on

Leading automakers Maruti Suzuki, Toyota Kirloskar Motor and Mahindra & Mahindra expect sales to be better this festive season compared to last year even as the chip shortage continues to make situation challenging with companies struggling to sustain production schedules. The festive season, which began with Onam, culminates with Diwali celebrations in November. Automakers have witnessed robust demand so far and are now looking to spruce up supplies to dealers in order to serve customers during the peak of festive period in October. "At the moment demand looks ok. It is slightly better than last year. If we look at the bookings, enquiries, retails, these are robust. On the supply side of course we may have some adverse effects, we are monitoring that," Maruti Suzuki India (MSI) Senior Executive Director Shashank Srivastava told PTI. The company would intend to build sufficient inventory before Navaratras to serve the spike in demand, but of course it all depends on the ...

Hyundai launches 'i20 N Line' in India starting at Rs 9.84 lakh

Hyundai Motor India Ltd on Thursday launched its motorsports inspired 'i20 N Line' priced between Rs 9.84 lakh and Rs 11.76 lakh (ex-showroom). Powered by a 1-litre turbo petrol engine delivering power of 88.3 kW, the Hyundai i20 N Line has been introduced in N6 and N8 variants, the company said in a statement. "As we continue to introduce globally advanced technologies and products to India, i20 N Line will epitomise our strong legacy and DNA into motorsport inspired styling and everyday excitement for all our customers," Hyundai Motor India Ltd (HMIL) Managing Director and CEO SS Kim said. Stating that HMIL is seeking to provide 'exclusive experiences' to its customers with the i20 N Line, he said, "to amplify these experiences, i20 N Line will be available in 188 Signature Dealerships across India." Additionally, Kim said i20 N Line customers will also be facilitated by a 'Personal Mobility Advisor', who will "cater to a hassle-free service experience and enable them with advanc