Page 2 - Car Manufacturers

Mercedes, Skoda say custom duty hike on certain parts to increase prices

The proposal to increase customs duty on certain imported automotive parts in the Union Budget 2020-21 will lead to increase in car prices, according to Merecedes-Benz India and Skoda Auto Volkswagen

Explained: Why auto design from Indian carmakers lags global standards

The majority of the cars in India have not been very exciting, perhaps because they have been so value conscious, an expert said

GM scripts last lap of India journey, to cease manufacturing ops on Dec 24

The company rolled out the last model off its assembly line on October 31 for exports

Magnite could be the game changer Nissan is looking for in India

Nissan's latest launch, the Magnite SUV, could potentially redefine its business here

Maruti Suzuki's production in November rises 6% to over 1,50,000 units

The company had produced nearly 1,42,000 units in the same month last year.

Smaller, cheaper vehicles take centre stage amid economic slowdown

Revenue break-up of car makers also suggests that buyers are now changing their cars less frequently, compared to the past

Covid impact: Global automakers pin hopes on China's recovery by 2022

The world's biggest car market since 2009, China can still grow for the foreseeable future because of its relatively low penetration and expanding middle class

Shift in sales towards cars priced below Rs 5 lakh: Maruti's R C Bhargava

It is nowhere near the company's average sales in a month. We are producing vehicles that constitute only 60% of our capacity in Gurgaon and Manesar, Bhargava said

Car sales far from normal monthly numbers: Maruti chairman R C Bhargava

The auto major is currently producing vehicles at 60 per cent of its installed capacity in the Gurugram and Manesar plants, Bhargava pointed out during an interview

Maruti Suzuki reports net loss of Rs 249 crore in Q1 as Covid-19 takes toll

The company posted a pre-tax loss of Rs 370 crore, as compared with a profit of Rs 1,853 crore in the year-ago quarter

Connected cars to gain traction in Indian market, says Deloitte's survey

The survey revealed that two out of three Indians are willing to pay up to Rs 50,000 for connected technologies.

Auto companies say disruptions in Chinese imports will hurt their recovery

Over a quarter of India's auto part imports - worth $4.2 billion - came from China in 2019, according to the data from Auto Component Manufacturers' Association of India (ACMA).

Moody's cuts rating on Tata Motors, changes outlook to negative

Rating action comes days after the Tata group flagship reported a quarterly pre-tax loss of Rs 9,313 cr compared to a profit before tax of Rs 1,265 cr a year ago

Tata Motors is worth nothing without Jaguar Land Rover, says CLSA

The $3.7 billion Indian auto firm faces a significant increase in debt due to the crisis, and its plan to deleverage may be delayed by four to six quarters, CLSA said.

From airlines to automobiles, businesses see washout in April amid lockdown

According to the Indian Cellular and Electronics Association of India, the loss in revenues for mobile device manufacturers during the lockdown has been Rs 20,000 crore

After a washout month, automobile industry seeks resumption of business

All manufacturers reported zero sales in April as factories and dealerships were shut

A month after lockdown, auto dealers making first moves to get back to biz

Dealers located in green zones as specified by the government are applying for permission under the Shops and Establishments Act to reopen their showrooms.

Covid-19 fear: Carmakers change track to online sales, contactless delivery

Amid shuttered dealerships and deserted roads, leading car brands including Mercedes Benz, Honda Cars, Volkswagen, and BMW have embarked on campaigns and dedicated online portals

Coronavirus lockdown: SAIL rings alarm bells over financial position

Impacted by customers in various sectors shutting operations

Covid-19 lockdown: Labour, stockpile make carmakers delay production

Supply chain glitches and unavailability of labour also a deterrent