Page 195 - Auto
Maruti Suzuki to hike prices across models from Sept; stock rises 2.9%
The hike could be steeper than last three rounds, pushed by an exponential increase in prices of raw materials such as steel and copper, analysts said
 "Maruti Suzuki to hike prices across models from Sept; stock rises 2.9%")
TVS enters factory customisation, makes BTO debut with Apache RR 310
TVS BTO platform will empower the customers to customise and personalise their vehicles when making a purchase, which will be built directly at the factory as per their requirement.
 "TVS enters factory customisation, makes BTO debut with Apache RR 310")
Pent-up demand to push auto dealer volumes up by 10-15% in FY22: CRISIL
Festive season sales and pent-up demand along with new launches are expected to push automobile dealers' volumes up by 10-15 per cent in FY22, even as they see a patchy recovery this fiscal: CRISIL
 "Pent-up demand to push auto dealer volumes up by 10-15% in FY22: CRISIL")
Fee for Bharat Series-registered vehicles can be paid in tranches
The owner can pay registration fee for two years and the other amount in instalments in later years, in multiples of two.
 "Fee for Bharat Series-registered vehicles can be paid in tranches")
Uber wait annoys UK passengers after drivers quit in droves: Report
Customers have complained on social media about longer wait times and higher fares during peak hours as the lack of drivers triggers surge pricing
 "Uber wait annoys UK passengers after drivers quit in droves: Report")
Chip shortage may spoil the party for carmakers this festive season
Once the festive season is in full cry, the wait may be extended to six to nine months, and even spill over to the next calendar year, say auto dealers
 "Chip shortage may spoil the party for carmakers this festive season")
Simple Energy to manufacture electric 4Ws as part of future product range
Simple Energy is looking to manufacture an electric four-wheeler as part of its future product range, its founder and CEO Suhas Rajkumar has said
 "Simple Energy to manufacture electric 4Ws as part of future product range")
Indian Motorcycle expects to garner 25-30% share in India's premium segment
Indian Motorcycle is seeking to replicate the growth in India which it has witnessed in other global markets, and expects to garner 25-30 per cent market share in the premium motorcycle segment
 "Indian Motorcycle expects to garner 25-30% share in India's premium segment")
Festive push: Healthy sales expected despite Covid fears says Hyundai
Automobile major Hyundai Motor India expects healthy sales during the upcoming festive season which will be supported by pent-up demand in the coming months.
 "Festive push: Healthy sales expected despite Covid fears says Hyundai")
Government introduces new registration mark for personal vehicles
A vehicle bearing this registration mark will not require a new registration mark when the owner of the vehicle shifts from one state to another
 "Government introduces new registration mark for personal vehicles")
Toyota halts self-driving e-Palette vehicles after Olympic village accident
In a YouTube video, Toyota Chief Executive Akio Toyoda apologized for the incident and said he offered to meet the person but was unable to do so
 "Toyota halts self-driving e-Palette vehicles after Olympic village accident")
'Bumper-to-bumper' insurance: HC order to make cars costly, say experts
If the order is implemented, it will lead to an increase in the insurance outgo for car owners by a minimum Rs 50,000 for car and a minimum of Rs 7,000 for two-wheeler owners
 "'Bumper-to-bumper' insurance: HC order to make cars costly, say experts")
MG revs up on smaller cars to play the long game in Indian market
A smaller SUV and a sub-four-metre car are in the works
 "MG revs up on smaller cars to play the long game in Indian market")
ACMA appoints Sona Comstar Chairman Sunjay J Kapur as President
Auto components industry body ACMA on Friday said it has appointed Sona Comstar Chairman Sunjay J Kapur as its new President for a two-year term
 "ACMA appoints Sona Comstar Chairman Sunjay J Kapur as President")
Tata Motors gets NCLT nod for hiving off PVs business into separate entity
The company's management has so far stated that it has not taken a decision on a partner.
 "Tata Motors gets NCLT nod for hiving off PVs business into separate entity")
Maruti Suzuki commences sixth round of MAIL initiative
Maruti Suzuki India on Friday said it has commenced taking applications for the sixth round of its Mobility and Automobile Innovation Lab (MAIL) programme.
 "Maruti Suzuki commences sixth round of MAIL initiative")
Evergrande electric vehicle unit loses $80 billion in worst stock rout
China Evergrande New Energy Vehicle Group Ltd. sank as much as 22% Thursday after its parent said the unit lost 4.8 billion yuan ($740 million) in the first half
 "Evergrande electric vehicle unit loses $80 billion in worst stock rout")
Sun Mobility starts new service, aims to onboard a million vehicles by 2025
It has already commenced MaaS deployment for goods delivery in Delhi NCR, Bengaluru and Chandigarh; plans to expand to other cities soon
 "Sun Mobility starts new service, aims to onboard a million vehicles by 2025")
Auto parts industry may see 20-23% jump in revenue this fiscal: Report
The auto components industry is expected to log 20-23 per cent revenue growth during this fiscal, supported by recovery in the domestic automobile sector and robust exports
 "Auto parts industry may see 20-23% jump in revenue this fiscal: Report")
India offers huge opportunities for vehicle manufacturers: Nissan COO
India offers huge opportunities for vehicle manufacturers and electrification is the pillar that could transform the country's automotive industry, Nissan Motor Corporation COO Ashwani Gupta said
 "India offers huge opportunities for vehicle manufacturers: Nissan COO")