Page 3 - Automotive Industry

Craftsman Automation rallies 6%, hits 8-month high on improved outlook

The company expects sustained improvement in business performance over the medium term driven by the recovery in offtake from automobile sector.

Loaded with edgy presence and power, BMW X4 stands tall in its portfolio

The BMW X4, which picks up where the X3 left off, offers sportive handling, punchy acceleration as well as top-quality interiors

EV maker Rivian's deliveries nearly quadruple as it ramps up production

The company also said on Wednesday it was on track to meet its annual production target of 25,000 units after output jumped 72% sequentially to 4,401 vehicles in the quarter

Kia India records highest-ever monthly sales of 24,024 units in June

Kia India on Friday reported its highest ever monthly wholesales at 24,024 units in June, registering 60 per cent jump over the year-ago period. The automaker had dispatched 15,015 units to dealers in June 2021. The company said it has crossed the one lakh sales mark in the first six months of 2022, dispatching 1,21,808 units in the domestic market. In June, Seltos and Carens remained the top contributors to Kia's overall sales with 8,388 and 7,895 units, respectively. Sonet and Carnival contributed 7,455 and 285 units. "The immense love we are getting from the people of India is the result of the strong foundation of Kia in the country, backed by extensive research and customer-centricity. "Despite the global supply chain constraints, we are still managing to achieve milestones in record time," Kia India Vice President & Head of Sales and Marketing Hardeep Singh Brar said in a statement. The company is well aware of the growing waiting period on model range and it is taking ...

Maruti looks to regain market share in SUV segment with 4 new models

Cars will be across all price segments in a market where company's rivals have lead

myTVS launches 'super app' offering range of aftermarket car services

The app can be used for car sales and leasing as well; membership costs Rs 4,999 for a three-year subscription

BNCAP decoded: Why new car safety ratings are important for India

BNCAP is the India equivalent of the Global New Car Assessment Programme (GNCAP)

Ford India denies talks with Taiwan's Foxconn for selling Chennai unit

Automobile firm is finalising a severance package with 2,000 employees working at the factory

Hindustan Motors to sell 'Contessa' brand to SG Corporate Mobility

The company has executed a brand transfer agreement with SG Corporate Mobility Pvt Ltd on June 16, 2022 for an undisclosed sum

Ashok Leyland arm Switch Mobility to raise $300 mn, unveils e-bus platform

Firm currently has orders for over 600 buses, is betting big on govt tenders and sees market for e-buses growing 10x in next 2-3 years

Okinawa Autotech to invest Rs 1200-1,500 cr in e-two-wheelers in two years

This includes the JV with Tacita; company is in talks with PE firms

Front suspension of Ola Electric scooter broke while riding, claims user

Many other users too joined him with countless stories of quality issues, breakdowns and poor after-sales experiences on the same thread

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.

Escorts lines up Rs 400 cr capex for FY23; eyes higher exports in 5-6 yrs

The company, which has started exporting electric tractors to markets like the US and Europe, expects it to contribute up to 15 per cent of its overall overseas shipments in the next five to six years

Bajaj Auto shares decline over 2% to Rs 3,804.80 on BSE after Q4 earnings

At the NSE, the stock dipped 2.57 per cent to Rs 3,805 apiece

Self Drive Nepal to be BYD electric vehicle's exclusive rental partner

A BYD service center will also be set up at Spark Group's facility in Guheshwori, Kathmandu, which is scheduled to be operational within May 2022

Skoda Auto India expands its pre-owned car biz to over 100 dealerships

Till date more than 2,500 used cars have been delivered through the company's Certified Pre-Owned network

Ashok Leyland total vehicle sales rise 17% to 20,123 units in March

Hinduja Group flagship Ashok Leyland on Friday reported a 17 per cent year-on-year growth in its total vehicle sales, including exports, at 20,123 units in March. The company had sold a total of 17,231 vehicles in March 2021, Ashok Leyland said in a statement. Total Medium and heavy commercial vehicle (M&HCV) sales spiked 26 per cent to 13,990 units in March 2022, as compared to 11,101 units in March 2021. Total LCV sales during the reporting month stood flat at 6,133 units, it stated. The company had sold a total of 6,130 light commercial vehicles (LCVs) in March 2021. Total domestic sales grew 18 per cent in the previous month to 18,556 units, as against 15,761 units clocked in March 2021, with M&HCV sales recording 29 per cent growth at 12,734 units, while the LCV sales declined 1 per cent at 5,822 units, as against 5,860 units sold in March 2021, as per the statement.

Maruti Suzuki: Genuine accessories available online in over 100 cities

The company said users can search accessories based on the vehicle model, variant and product category

Maruti Suzuki expects sales momentum to continue with better chip supplies

Maruti Suzuki India Managing Director and CEO Kenichi Ayukawa said that the company could even reach the 2018-19 peak volume level if the chip supply remained adequate