Page 9 - Carmakers

Weak product cycle could lead to further market share loss for Maruti

Higher commodity prices could worsen its margin profile

Volkswagen reaches 23-month wage deal with German workers' union

The workers will get a 2.3 per cent wage increase from January 2022

Chevrolet India says faulty Takata airbags replaced in 12,000 Cruze units

Automaker Chevrolet India on Tuesday said it has replaced faulty Takata airbags in around 12,000 Cruze units in the country

Top 5 best-selling car models from Maruti Suzuki stable in 2020-21

The country's largest carmaker Maruti Suzuki India on Tuesday said its models Swift, Baleno, WagonR, Alto and Dzire have emerged as best selling cars in 2020-21

Maruti Suzuki production rises significantly to 1,72,433 units in March

The country's largest carmaker Maruti Suzuki India on Monday said its total production in March 2021 increased significantly to 1,72,433 units over the same month last year.

Chinese automaker Great Wall Motor plans hydrogen fuel-cell SUV model

Great Wall Motor will roll out its first hydrogen fuel-cell sport utility vehicles and launch a fleet of 100 hydrogen heavy trucks this year

Hyundai mulls suspension of production at key plant on chip shortage

The possible suspension comes amid a lack of semiconductor parts used in the Kona subcompact SUV's front vehicle camera system

Japan car makers scramble to assess impact of Renesas auto chip-plant fire

The effect on car makers could spread beyond Japan to other auto companies in Europe and the United States

Tata Motors stares at empty corner office again; Marc to not join as CEO

With just three months left before Guenter Butschek demits office, it will be tough for the company to find his successor

Skoda hitches a ride on mid-size SUV Kushaq to drive up India volumes

Czech carmaker eyes 6x jump in volumes by 2025

EV rollout will require huge investments in strained US power grids

Extreme weather events add additional layers of difficulty

Explainer: Honda unveils its new level 3 technology, but how does it work?

Honda Motor Co Ltd unveiled a limited batch of its flagship Legend sedan this week, becoming the world's first carmaker to sell a vehicle equipped with certified level 3 self-driving technology.

General Motors looking to build 2nd US battery factory, Tennessee likely

The firm says it's looking for a site to build a second US battery factory with joint venture partner LG Chem of Korea

Honda Cars reports 28% increase in sales at 9,324 units in February

Honda Cars India Ltd (HCIL) on Monday reported a 28.3 increase in domestic sales at 9,324 units in February as compared with the same month last year. The company had sold 7,269 units in the domestic market in February last year, HCIL said in a statement. Exports for the period under review stood at 987 units as against 64 units in the year-ago period, it added. "The market demand continues to be good which is reflected in our positive growth in February sales," HCIL Senior Vice-President and Director Marketing & Sales Rajesh Goel said. However, the shortage of semiconductor related parts impacted the company on the supply front last month, which limited its production volume and dispatches for certain models, it added. "In the coming months, we will continue to make production adjustments in order to reduce its impact on our waiting customers," Goel said. As for the industry, the company remains optimistic about the future as the demand for automobiles remains on the rise and ha

Nissan Motor India reports wholesales at 4,244 units in February

Nissan Motor India on Monday reported an over four-fold rise in wholesales

Need to promote decent and sustainable work in automotive industry: ILO

There is an urgent need to invest in education, training and life-long learning for all in the automotive industry, ILO said

Renault warns of difficult year after record $9.7 billion loss

Renault Chief Executive Luca de Meo warned of lingering headwinds in 2021

Maruti Suzuki weighing its options on launching Jimny in India

The carmarker is evaluating the feasibility of launching its off-roader Jimny in the domestic market

FADA initiates annual study to identify gaps between OEM, dealers

Automobile dealers' body FADA on Wednesday said it is initiating an annual dealer satisfaction study

Mahindra & Mahindra hints at hiking vehicle prices in Q1 next fiscal

Mahindra & Mahindra Ltd on Friday hinted at a possible price hike of its range of vehicles in the next few months due to rising commodity prices. The company, which was recently reported to have cut jobs in its North American operations, is likely to reduce it further even as it prepares to launch its off-roader vehicle Roxor. "We have just taken some price increase in January and unless things come under control we would probably be taking one again in Q1 of the next financial year," Mahindra & Mahindra (M&M) Executive Director Automotive & Farm Sectors Rajesh Jejurikar told reporters in a virtual post-earning press conference. He was responding to a query on the impact of rising commodity prices and how the company was planning to offset it. Jejurikar further said, "We do try to mitigate this kind of commodity increase with other internal cost measures, both on material cost and value engineering, and managing fixed cost. So typically when we have this kind of ...