Page 106 - Auto
Tata Motors to remain focused on profitability, cash flows: Chandrasekaran
"We have an exciting journey ahead of us and the management teams are very committed and focused towards accelerating our journey towards this transformation," Chandrasekaran told shareholders
 "Tata Motors to remain focused on profitability, cash flows: Chandrasekaran")
Hyundai Motor preparing for new group leadership position for EVs in India
The group expects the Indian passenger car market to exceed 5 million units by 2030 with SUVs estimated to account for 48% while EVs are expected to reach 1 million units
 "Hyundai Motor preparing for new group leadership position for EVs in India")
Auto retail sales up 10% in July; three-wheelers at record pace: Fada
Month-on-month, sales down for all vehicle categories except three-wheelers, mainly due to rain
 "Auto retail sales up 10% in July; three-wheelers at record pace: Fada")
Indian auto component industry saw highest-ever jump at 33% in FY23: ACMA
Revenues share from EV makers more than doubles to 2.7%
 "Indian auto component industry saw highest-ever jump at 33% in FY23: ACMA")
Domestic auto component industry reports highest turnover in FY23
In 2022-23, exports grew by 5% to Rs 1.61 trn while imports grew by 11% to Rs. 1.63 trn, it added
 "Domestic auto component industry reports highest turnover in FY23")
Stellantis may re-introduce Fiat in India; Jeep, Citroen primary focus
Previously, Fiat Chrysler Automobile India operated in India but stopped production as its cars registered low sales volumes and increased competition
 "Stellantis may re-introduce Fiat in India; Jeep, Citroen primary focus")
Maruti expected to launch 10 new models in next 8 years: Bhargava
"We expect the demand for exports to continue to grow and export volumes are projected at 750,000-800,000 cars by FY31," he mentioned
 "Maruti expected to launch 10 new models in next 8 years: Bhargava")
Maruti 3.0: To add 2 mn units per annum capacity in 9 yrs, says RC Bgargava
Maruti Suzuki expects the demand for exports to continue to grow and export volumes are projected at 750,000 to 800,000 cars by FY 2030-31
Tata Punch CNG launched at a starting price of Rs 7.1 lakh, see details
The Punch is based on the same ALFA (Agile, Light, Flexible, Advanced) architecture on which the Tata Altroz has been built and got five-star safety ratings from the Global NCAP
 "Tata Punch CNG launched at a starting price of Rs 7.1 lakh, see details")
With 8 products in top-10 best-selling cars, Maruti continues to dominate
Maruti's compact SUV, Vitara Brezza has posted a 70 per cent growth in its sales with numbers reaching 16,643 units in July 2023 compared to 9,709 units sold in July 2022
Royal Enfield plans to launch its first electric bike in two years
The company is evaluating the market requirements and the business prospect for electric motorcycles in the country
 "Royal Enfield plans to launch its first electric bike in two years")
Hyundai, Kia recall 91,000 vehicles in US over damaged electrical component
The models that are likely to be recalled include Hyundai 2023-2024 Palisade, 2023 Tucson, Sonata, Elantra, and Kona vehicles and 2023-2024 Seltos, 2023 Kia Soul, and Sportage
 "Hyundai, Kia recall 91,000 vehicles in US over damaged electrical component")
Suzuki India 2W July sales at best-ever 107,836 units, up 41.5% YoY
This is the first time that sales for Suzuki have crossed the mark of 100,000 in a given month
 "Suzuki India 2W July sales at best-ever 107,836 units, up 41.5% YoY")
ReadyAssist, Ampere collaborate for full-stack after-sales, service support
The partnership will ensure smooth operations and minimal downtime for vehicles, along with improving the customer experience
 "ReadyAssist, Ampere collaborate for full-stack after-sales, service support")
Harley Davidson X440 to cost Rs 10,500 more; now starting at Rs 2,39,500
Harley Davidson X440 production capacity has been ramped up in response to the demand trends, the company said
 "Harley Davidson X440 to cost Rs 10,500 more; now starting at Rs 2,39,500")
Govt may mandate 20% recycled materials in auto manufacturing from 2026-27
As a part of this regulation, the quantum of recycled materials to be used will be increased progressively as more vehicle scrapping centres become operational
 "Govt may mandate 20% recycled materials in auto manufacturing from 2026-27")
Domestic passenger vehicle sales jump 3.1% as strong base effect continues
The highest ever sales by the Indian PV makers was in September last year at about 355,000 units
 "Domestic passenger vehicle sales jump 3.1% as strong base effect continues")
Centre plans to scrap mandatory electric vehicle incentive-linked tests
After receiving a report from the committee, the ministry is considering scrapping the mandatory testing parameters
 "Centre plans to scrap mandatory electric vehicle incentive-linked tests")
Eicher Motors July sales: Total sales up 32% YoY, global business down 22%
Sales for the company in up to 350cc segment vehicles went up by 39 per cent YoY as the volumes grew from 46,336 in July 2022 to 64,398 in July 2023
 "Eicher Motors July sales: Total sales up 32% YoY, global business down 22%")
TVS Motors July sales: Total 2W sales up 4% YoY, exports down 20%
The company's total exports registered a 20% YoY dip with sales of 89,213 units in July 2023 as against 112,032 units in July 2022
 "TVS Motors July sales: Total 2W sales up 4% YoY, exports down 20%")