Page 238 - Auto

Cut EV cost, forgo profit initially to capture mkt: Gadkari to automakers

Asserting that India has full potential to emerge as a global hub for electric vehicles by 2025, Nitin Gadkari asked automakers to reduce cost and forego profit initially to capture the market

Demand for trucks powers General Motors' better-than-expected profit in Q3

The automaker said adjusted earnings per share came to $2.83 in the quarter, beating an analyst consensus estimate for $1.45 a share

In pics: Hyundai launches the all-new i20; price starts at Rs 6.79 lakh

Hyundai Motor India on Thursday said it has launched all-new versions of its premium hatchback i20, priced between Rs 6.79 lakh and Rs 11.17 lakh (ex-showroom)

Indian carmakers improve safety but yet to reach international levels

India wasn't applying widespread crash testing like foreign countries do, so manufacturers didn't see the need for an investment focus on safety

TVS Motor launches new TVS Apache RTR 200 4V, priced at Rs 1.31 lakh

The new bike is available from today in three colour variants

Automakers agree to offer discount of 1% if old vehicle scrapped

PMO bats for incentivising scrapping, not imposing it on owners of old vehicles

Sustainability of domestic demand in 2-wheeler to remain contingent: ICRA

Ratings agency ICRA on Monday said it expects that the sustainability of domestic demand in two-wheeler would remain contingent upon the COVID-19 scenario following the festive season

Yamaha reports 31% increase in sales for October at 60,176 units

Two-wheeler major Yamaha Motor India group of companies on Monday reported a 31 per cent increase in its total sales at 60,176 units for October

Auto sector hiring continues to improve, sees 29% growth in Sept: Report

Hiring in India's auto sector continued to improve with a 29 per cent sequential growth in September this year although it remains below the pre-Covid-19 period, according to Naukri.com

TVS Motor sales grow 24% in October 2020, two-wheeler sales up by 19% YoY

Motorcycles sales grew by 38 per cent to 173,263 units in October 2020 from 125,660 units in October 2019

Bajaj Auto reports 11% jump in total sales at 512,038 units in Oct

Bajaj Auto Ltd on Monday reported an 11 per cent increase in its vehicle sales

Ashok Leyland truck sales up by 13 per cent in October to 3,762 units

Total vehicle sales dropped by two per cent to 8,885 units in October 2020 from 9,079 units, last year

Covid-19 impact: Maruti Suzuki's price realisation at 7-quarter low

Firm attributes dip in average selling price to sales of more small cars and exit from diesel

Rolls-Royce Holdings plans to sell its Bergen engines unit: Report

Germany's MAN SE and Finland's Wartsila Oyj could be potential buyers and a sale is expected early next year, according to the report, which didn't say where it got the information

Sale of passenger vehicles, 2 wheelers rising during festive season: Report

Amid increasing consumer preference for personal mobility, the original equipment manufacturers have continued with higher wholesale billings during July-September 2020, says a new report

Maruti Suzuki says 'no immediate need' for govt to cut taxes on cars

Some automakers have been pushing the government to temporarily reduce tax rates on cars by 10% to boost sales after the coronavirus pandemic brought economic activity to a standstill

Volkswagen returns to profit as global automobile markets recover

Volkswagen said it returned to profit in third quarter thanks to cost discipline and a rebound in sales led by China after the lifting of the severe restrictions in the early phase of the pandemic

Carmakers FCA and PSA Peugeot confirm progress towards full merger

The new company will be called Stellantis

Carmakers Fiat Chrysler and PSA confirm progress toward full merger

Fiat Chrysler and PSA Peugeot on Wednesday confirmed progress toward their full merger to create the globe's fourth-largest carmaker, with completion expected by the end of March 2021

Aston Martin raises $1.7 billion from Mercedes to steer out of auto crisis

The British carmaker is raising a total of about 1.3 billion pounds ($1.7 billion) through bond and stock offerings, most of which will be used to refinance existing debt