Page 7 - Automobile

Hero Electric under DRI lens for evading customs duty worth Rs 330 crore

Hero Electric reportedly ordered fully assembled vehicles into the country but later disintegrated them and sent them to different ports across the country to evade tax

Maruti to ramp-up exports; targets shipments worth Rs 20,000 cr in 3 years

With more than 238,000 of the 570,000 units exported from India in fiscal 2022, Maruti Suzuki overtook Hyundai Motor India as the foremost passenger vehicle exporter

India must target full electrification of 2, 3-wheelers in 4 years: Kant

80% of vehicle sales are in those segments, says the country's G20 Sherpa as he hails 'electric revolution'

Second-hand car market to be regulated, dealers to play a bigger role

When the vehicle is received for reselling by the dealer, it will be registered for sale. The dealer will then become the sole responsible person for any untoward incident like theft etc

We're reading too much into weak two-wheeler demand: Hero Moto exec

The optimism is in contrast with the dealers' confidence, which flagged the recovery in motorcycles and scooters "as an area of concern"

Dealers and automakers have a tumultuous relationship, says FADA President

Says manufacturers' financial clout has led to inequitable contracts between the two

LML looking at comeback with e-scooters, may use Harley unit in Manesar

Company reportedly looking to launch three two-wheeler concepts later this month

EV sales likely to jump by over 4X by 2025 in India: Deloitte Touche

It will be largely led by two-wheelers, followed by three-wheelers and commercial vehicles and passenger vehicles, respectively

Hyundai, Royal Enfield improved the most in dealer satisfaction study: FADA

The overall dealer satisfaction index improved from 657 points last year to 719 points this year, the study noted

GM announces mass-market EV for $30,000, threatens Elon Musk's Tesla

Called the 2024 Chevrolet Equinox EV, the car will have an estimated range of 480 kms and will go on sale next year

Vehicle sales up 8% in Aug, two-wheelers cause for concern: FADA

Tractor sales decline 32% despite good monsoons; three-wheelers do modestly compared to 2019

Banks, FMCG: Time to bet on domestic economy-related sectors, say experts

Banks, Auto, FMCG, Hospitals, Domestic Industrials, and Discretionary may continue to outperform the 'Export + Cyclical'-oriented themes

M&M unveils its first electric sports utility vehicle 'XUV400' in India

The deliveries of XUV400 are scheduled to begin from the end of January next year

Gadkari bets on electric mobility, PPP, retail investors for infra growth

Gadkari called road accidents his biggest failure as the road minister

Will post highest ever domestic sales in 2022: Hyundai's Tarun Garg

Says product portfolio in line with customer's choice for SUVs, non-committal about sales volume; Hyundai's best show so far was in 2018 at 550,002 units

Tata Motors rolls out India's first CNG-powered truck in M&HCV segment

The CNG models are powered by the 5.7-litre SGI engine generating peak power of 180hp and torque of 650Nm, come with a modular architecture and offer a range of up to 1,000 km

'Unrealistic': Electric vehicle makers on new safety features deadline

The standards were discussed during a meeting hosted by Automotive Research Association of India (ARAI) last week

Maruti Suzuki's total sales increase 26% to 165,173 units in August

Automaker Maruti Suzuki India Ltd on Thursday reported a 26.37 per cent increase in total sales at 1,65,173 units in August 2022. The company had sold a total of 1,30,699 units in the same month last year, Maruti Suzuki India Ltd (MSIL) said in a statement. Total domestic passenger vehicle sales were at 1,34,166 units as compared to 1,03,187 units in the year-ago month, a growth of 30 per cent, it added. Sales of mini segment cars, comprising Alto and S-Presso, grew to 22,162 units as against 20,461 units in August 2021. Sales of compact cars, including Baleno, Celerio, Dzire, Ignis, Swift, Tour S and WagonR, rose by 57 per cent to 71,557 units as compared to 45,577 units in the year-ago month. Utility vehicles, consisting of Brezza, Ertiga, S-Cross and XL6, clocked sales of 26,932 units last month as compared to 24,337 units earlier. "The shortage of electronic components had a minor impact on the production of vehicles, mainly in domestic models. The company took all possible .

Skoda Auto India says wholesales rose 10% to 4,222 units in August

Skoda Auto India on Thursday said its wholesales increased 10 per cent to 4,222 units in August as compared with the same period last year. The company had dispatched 3,829 units in August 2021. The Czech carmaker said it has crossed 37,568 total sales mark for 2022 with more than a quarter yet to go. This makes 2022 the biggest ever in terms of sales for the company in India, Skoda Auto said in a statement. The previous best by the company was 34,678 units sold in 2012, it added. "This is a landmark moment for Skoda Auto in India, and in the world. The credit to this achievement goes to our teams, our partners, and most importantly to our customers," Skoda Auto India Brand Director Zac Hollis stated.

Toyota Kirloskar says sales up 17.12% in Aug, cites 'unprecedented orders'

Automobile firm says it is holding orders for Innova Crysta's diesel variant after huge demand for MPV