Page 3 - Carmakers

Lexus launches buyback programme with ES300h premium sedan

The automaker has also initiated a loyalty programme for its customers under the 'Lexus Life' umbrella.

Toyota plans 17% cut in April global output, to make 80,00,000 units

The news comes about a week after Toyota said it would scale back domestic production by up to 20 per cent during the months of April, May and June

BMW recalls over 917,000 cars for 3rd time due to engine fire risk

BMW is recalling more than 917,000 older cars and SUVs in the US most for a third time to fix a problem that can cause engine compartment fires.

Carmakers face soaring metal costs as supplies veer clear of Russian goods

Russia's invasion of Ukraine is ramping up the price of metals used in cars, from aluminium in the bodywork to palladium in catalytic converters.

Passenger vehicle retail sales dip 8% in Feb as chip woes continue: FADA

The industry body warned that the Russia-Ukraine conflict could further impact the production of semiconductors.

GM loses bid to skip recall of 727,000 SUVs for lights that are too bright

GM said it's reviewing the decision and deciding what to do next.

Tata Motors domestic sales rise 27% to 73,875 units in February

The company had dispatched 58,366 units in February 2021.

Skoda Auto posts over five-fold jump in sales to 4,503 units in Feb

The company had sold 853 units in the same month last year.

Kia India ramps up production to full capacity at Anantapur plant

Automaker Kia India on Monday said it has ramped up production to full capacity of 3 lakh units annually with the start of the third shift at its Anantapur plant in Andhra Pradesh. Kia India had commenced mass production from the facility in August 2019. It had recently crossed 5 lakh cumulative dispatches from the Anantapur plant, including 4 lakh domestic sales and 1 lakh exports, the company said in a statement. "We have hired additional manpower and aligned resources to minimise the waiting period on Kia cars and help us cater to the high demand in domestic and international markets," Kia India Managing Director and CEO Tae-Jin Park said in a statement. He further said, "India is a strategic market for Kia globally, and all our products have received an overwhelming response here". The company has exported cars to more than 91 countries in the Middle East, Africa, Central & South America, Mexico and the Asia Pacific since it started shipping Seltos in September 2019, Kia India

Jeep to expand its India model line-up with Meridian and Cherokee

India to be the first market outside the US to have four nameplates in Jeep's portfolio with Meridian and Cherokee lined-up later this year.

Carmakers to ramp up production by 18-20% as semiconductor shortage eases

If companies end up manufacturing vehicles according to plan, production is likely to exceed the pre-Covid volumes of Q4FY20

Maruti Suzuki plans to take car subscription business to more cities

The company is getting more than 7,000 enquiries every month. But the conversion rate is low with 100-110 enquiries getting converted to actual order and Maruti wants to improve that

Tesla receives subpoena from US securities regulator over 2018 settlement

The subpoena by the U.S. Securities and Exchange Commission was issued on Nov. 16, some 10 days after Musk asked his Twitter followers if he should sell 10% of his stake in the company

Maruti Suzuki opens bookings for its hatchback Baleno; know details here

Customers can book the new Baleno with a payment of Rs 11,000

Passenger vehicle retail sales drop 10% in Jan due to chip shortage: FADA

Two-wheeler sales last month declined by 13.44 per cent compared to January 2021

Maruti expects production activity to pick up in Q4 as chip supply improves

The auto major is also looking at ways, including bolstering its SUV portfolio, in order to get back to 50 per cent market share in the domestic passenger vehicle segment in the years ahead.

Apple Car may come with unique sunroof system that can alter transparency

Apple Car is also expected to use LED screens all over the vehicle to inform other drivers what the self-driving system is doing.

MG Motor India's retail sales rise 20% in January amid better demand

The company sells models like Hector, Astor and Gloster in the domestic market

Economic Survey: Carmakers saddled with backlog of over 700,000 orders

Carmakers are saddled with a backlog of over 7 lakh orders as of December 2021, due to the the shortage of semiconductors, according to the Economic Survey. With the delay in supply, the average lead time (the difference between the date of order and actually receiving in the automobile) for the industry for 2021 has been around 14 weeks globally. India has also experienced similar trends in the automobile sector, Economic Survey 2021-22 pointed out. As per data from the Society of Indian Automobile Manufacturers (SIAM), carmakers sold 2,19,421 passenger vehicles in the domestic market in December 2021, down 13 per cent (year-on-year), it stated. "This is not a demand problem but a supply-side issue. The information from various car manufacturers' websites reveals a cumulative pendency of over 7 lakh orders as of December 2021," the Survey noted. The Survey also outlined the efforts on the part of the government to boost semiconductor production in the country. The government has .

How Tesla weathered global supply chain issues that knocked rivals

Tesla boosted its deliveries by 87% to a record high in 2021, pushing up its shares up over 13% on Monday