The French-Japanese auto alliance of Renault and Nissan plans to invest 23 billion euros ($26 billion) in electric vehicle technology over the next five years, the companies said Thursday.
With input costs continuing to rise, automakers like Tata Motors, Honda and Renault are looking to increase vehicle prices from January next year to offset the impact. Already, car market leader Maruti Suzuki and luxury automakers Audi and Mercedes-Benz have announced to hike vehicle prices from next month. While Maruti said the price rise planned for January 2022 will vary for different models, Mercedes-Benz said its hike will be on select models by up to 2 per cent due to feature enhancement and rising input costs. On the other hand, Audi said its price increase effective January 1, 2022 will be up to 3 per cent across its entire model range owing to rising input and operational costs. When contacted over the issue, Tata Motors President Passenger Vehicles Business Shailesh Chandra said:"Prices of commodities, raw material and other input costs continue to rise. An appropriate price hike to at least partially offset this increase in costs seems inevitable in the near to short ...
Renault's production losses in 2021 due to a global semiconductor shortage will be far larger than previously forecast, the French carmaker said on Friday, though it maintained its profit outlook help
Chip-maker has announced that it is working with Google and Renault to design an in-vehicle experience for Renault's next-generation electric vehicle, the new Megane E-TECH Electric.
French carmaker Renault on Friday said the launch of the vehicle scrappage policy will usher in enhanced investments into the auto industry and also help in cutting down the raw material cost
Renault Samsung Motors will temporarily suspend production at its plant in the southeastern port city of Busan due to shortages of chips for vehicles, the company said on Sunday.
Renault India's seven-seater model Triber has received a four-star safety rating for adult occupants, vehicle safety group Global NCAP said on Tuesday
Auto magnate-turned-fugitive Carlos Ghosn is campaigning to clear his name, and hopes a visit by French investigators to his home in exile in Lebanon will be his first real opportunity to defend
Automaker Renault India on Thursday said it has launched a vehicle scrapping programme in partnership with the country's first organised scrap vehicle recycling company CERO
Renault said in a statement that it would sell its 16.45 million Daimler shares through a placement to qualified investors via an accelerated bookbuilding process
The SUV Kiger will be priced between Rs 5.45-9.55 lakh
Kiger will come with two front airbags for the driver and front-seat passenger, along with the two side airbags. Both front seats get seat belt reminder alerts for enhanced safety
Renault Chief Executive Luca de Meo warned of lingering headwinds in 2021
Renault Samsung Chief Executive Dominique Signora made the comments as the company struggles with lower vehicle sales and high labor and manufacturing costs
French automaker Renault on Monday said its SUV Kiger will be priced between Rs 5.45-9.55 lakh
Carlos Ghosn concealed the scale of his compensation at Nissan because he feared the French government would force him out of Renault if it discovered how much he earned, a court was told
Renault's new CEO Luca de Meo hiked the French carmaker's cost savings target and further cut into the number of cars it plans to turn out as he tries to lift profitability at the loss-making company
Renault Samsung Motors Corp said it will reduce the number of executives and their salaries as the company has entered emergency management amid the Covid -19 pandemic
Renault on Tuesday said it will unveil its upcoming compact SUV Kiger in India later this month
Employs 1,000 hands at factory and more staff at the dealerships towards this end. Plans to export the car to Indonesia and South Africa