Carmaker

Toyota Kirloskar wholesales rise 75% in February at 15,338 units

Toyota Kirloskar Motor (TKM) on Wednesday said its wholesales increased 75 per cent year-on-year to 15,338 units in February 2023. The company had dispatched 8,745 units in the domestic market in February last year. "We are witnessing a continued interest from customers across our product portfolio, resulting in a very healthy growth in the month of February 2023," TKM Sales and Strategic Marketing Vice President Atul Sood said in a statement. Leading this growth are the Urban Cruiser Hyryder and All New Innova Hycross, as the automaker strives to work with its partners to meet the demand, he added. The recent announcement of opening of bookings for the Toyota Hilux, is also continuing to generate excitement, resulting in good orders from across the country, Sood said. Other products like the Glanza, the Fortuner and the Legender also continue to elicit robust demand in the market, he added. "Looking ahead, we expect to close this quarter on a high note, in comparison to last ye

Volkswagen to reconsider India amid China geopolitical uncertainty

The carmaker's earlier efforts to boost its presence in India have often been bruising experiences

Renault, Nissan to invest $600 million to expand lineup, add jobs in India

The two will produce six new vehicles in the South Asian nations- including two electric cars - for domestic and international customers

A first for industry: Hyundai may ink pacts for direct power purchase

Such direct contracts will assist the carmaker in getting cheap power

Macro issues not impacting demand: Mercedes India CEO Martin Schwenk

With the launch of the EQB by year-end, Mercedes will have a portfolio of four EVs. It expects a fourth of its sales in India to come from electric in the next five years

Jeep Meridian SUV to launch in India today: Check price, other details

Jeep Meridian SUV to launch in India today: It is powered by a 2.0-litre turbocharged Multijet diesel engine, which produces 170 bhp of power on tap and 350 Nm of peak torque

Maruti Suzuki keeps close watch on price movement of commodities

The country's largest carmaker Maruti Suzuki India is keeping a close watch on the price movement of commodities, which had touched an 'unprecedented' high in the second quarter, to fix its vehicle prices in the future as it has not fully passed on the impact to consumers, according to a senior company official. The company is hoping for a softening of commodity prices, which also move cycles, having "sort of reached the peak". "Material cost is an important cost in the overall cost structure for any OEM (original equipment manufacturer). Normally, 70-75 per cent of the total cost of an OEM is material cost. "In the second quarter, our material cost to net sales ratio had gone up to a very high figure of 80.5 per cent. This is unprecedented," Maruti Suzuki India Senior Executive Director (Marketing and Sales) Shashank Srivastava told PTI. When asked if the company will hike prices of its vehicles, especially around the new year as is usually done, he said, "We have to carefully ...

Chip shortage: Maruti Suzuki reports 8% dip in production in August

Maruti Suzuki India on Wednesday said its total production in August declined by 8 per cent on a yearly basis to 1,13,937 units as semiconductor shortage impacted its manufacturing schedules.

India's top carmaker sees hydrogen as 'interesting alternative'

Demand for lithium for batteries is soaring as governments across the world push automakers to meet stringent targets for cutting carbon emissions

Upbeat Rolls-Royce says it is finally getting over engine troubles

Rolls-Royce expects to deliver 450 of the wide-body engines in which it specializes this year

Car purchases by govt employees in top gear

High growth in sales to govt employees due to improved purchasing power after revised wages