Page 242 - Auto

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

Harley finds a ride: Hero Motocorp to help build, sell bikes in India

Under the agreement Hero Motocorp will produce and handle distribution and after-sales for Harley products

Hyundai Motor India to launch 'all-new i20' on Nov 5; bookings start

The vehicle would be avalibale in petrol, diesel and 'Turbo Petrol BS6' engines

Tesla to begin shipping 7,000 made-in-China cars to Europe: Report

About 7,000 Model 3s made at the Shanghai gigafactory are set for arrival in Belgium at the end of next month

Festive boom: Mercedes-Benz delivers 550 cars during Navratri, Dussehra

German luxury carmaker Mercedes-Benz on Monday said it delivered 550 cars during Navratri and Dussehra thus driving into a robust festive season

Faced with declining sales, auto firms see room for growth via rent-a-car

But final cost of leasing may outrun cost of ownership

All new Hyundai Elite i20 in pictures; car set to launch in November

The price of the third-gen Elite i20 is not yet declared but is expected to start at Rs 6 lakh

Explained: Why premium carmakers focus on entry-level offerings in India

Automakers are caught in a peculiar chicken-and-egg situation: Prices have to come down if volumes are to increase and volumes won't increase unless prices come down

Fiat Chrysler expects festivals to push India sales to pre-Covid level

Partha Datta, president and managing director of the company in India, says the coronavirus pandemic made an indelible mark on the industry

World's fastest car at 508 kmph in pics: Things to know about SSC Tuatara

The SSC Tuatara is a hypercar designed, developed and manufactured by American automobile manufacturer SSC North America. It recently broke all records to become the world's new fastest car

At 508 kmph, reptilian SSC Tuatara hypercar is the world's fastest car

Formed in 1998, SSC is among the most obscure automakers in the world

Ather Energy rolls out buyback scheme for 450X e-scooter model

Ather Energy on Tuesday announced an "assured" buyback scheme, the first of its kind in the domestic EV space, for its 450X e-scooter model, which is set to hit the road by Diwali

TVS Motor launches Bluetooth-enabled scooter inspired by Avengers movies

In the past year, TVS NTORQ 125 has also introduced Race Tuned Fuel Injection across its portfolio

Recovery eludes bus sales as schools, public transport remain shut

Sales of heavy duty and light buses reported a steep decline of 95.31 per cent and 82.48 per cent respectively in the first half of the current year over the corresponding period

Frequent policy changes, taxes hurting luxury car market: Audi India head

Cars priced above Rs 25 lakh account for a per cent in India's 3 million-car market and share has remained unchanged over the last five years

Losing momentum: Three years on, Amtek Auto still awaits IBC resolution

After an encouraging start, the IBC, launched by the Modi government in 2016, is losing momentum. The first of a 5-part series looks at Amtek Auto's resolution process