Page 244 - Auto

Tata Motors domestic sales up 21.6% YoY in August to 35,420 units

This is the sharpest increase seen in the company's passenger vehicle sales in more than a year

Bajaj Auto posts 9% fall in total sales in August with 356,199 units sold

Bajaj Auto on Wednesday reported a 9 per cent fall in its total vehicle sales at 3,56,199 units in August

Ford Motor to cut 1,000 North American salaried jobs amid overhaul

The job cuts are aimed at improving the automaker's efficiency and are not related to rising costs from the coronavirus pandemic, said people familiar with the action

Hero MotoCorp reports 8% rise in 2-wheeler sales, others wait for revival

Semi-urban centres drive demand for Hero

Auto sales bounce back in August on low base effect, pent-up demand

Dispatches at India's top two car makers, Maruti Suzuki India and Hyundai Motor India, zipped past not only the pre-Covid phase but also the months preceding the pandemic

Tractor sales remain strong in August with estimated 70% growth

Increase in Kharif sowing area, good monsoon, good rural cash flows and base effect among factors that have driven volumes

Kia Motors India reports 74% increase in August sales at 10,845 units

Kia Motors India on Tuesday reported a 74 per cent increase in sales at 10,845 units in August as compared with 6,236 units in the same month last year.

August sales: Mahindra's auto dispatches decline 13%, tractors up 69%

Volumes were dragged by medium & heavy commercial vehicles and three-wheelers. which fell 71 per cent and 94 per cent respectively

Maruti Suzuki car sales recover in August; up 20% YoY to 116,704 units

Maruti's exports during the month skidded 15.3 per cent to 7,920 units over the last year

Escorts Ltd posts best-ever August sales; domestic tractor sales shoot 80%

The company's domestic sales rose to 6,750 units from 3,763 units

Audi launches its fastest SUV RS Q8 in India; price starts at Rs 2.07 crore

The Audi RS Q8 is powered by a turbo 4-litre petrol engine delivering power of 600hp that can accelerate from 0 to 100 kph under four seconds

States can charge fees for granting registration numbers for vehicles: SC

The top court set aside the Madhya Pradesh High Court judgement which had quashed Rule 55A of the Motor Vehicles Rules, 1994 framed by the state government

Ducati launches all-new Panigale V2 in India, priced at Rs 16.99 lakh

Italian superbike maker Ducati on Wednesday said it has launched the all-new version of Panigale V2 in India, priced at Rs 16.99 lakh (ex-showroom).

Two-wheeler makers' shares surge after Sitharaman's comment on GST cut

Shares of two-wheeler majors Hero MotoCorp, Bajaj Auto and TVS Motor Company soared after Nirmala Sitharaman's comment that the GST Council will consider the proposal to cut GST on two-wheelers

Honda reaches $85 million settlement over faulty airbags in cars sold in US

Honda has reached an $85 million settlement with multiple states over allegations that it hid safety failures in the airbags of certain Honda and Acura vehicles sold in the US

Tata Motors group says will cut consolidated debt to zero in 3 years

Company chairman tells shareholders investments are showing results and it's committed to Jaguar and Land Rover in the UK

HMSI aims to drive in multiple products in motorcycle segment for expansion

Two-wheeler major Honda Motorcycle and Scooter India (HMSI) aims to expand its bike portfolio in the country as it looks to bring in new set of customers from both rural and urban areas

Indian automakers' demand outlook cloudy despite respite in July: Fitch

The pandemic has also reduced the availability of financing as lenders exercise caution, particularly to weaker borrowers that form a significant customer base for CVs

CRISIL pegs loss for Commercial vehicle makers at Rs 6,000 cr this fiscal

It says a 30 per cent decline in sales volume, on an already weak base, would lead to a nearly six-fold increase in net loss this financial year

Commercial vehicle makers to incur Rs 6,000 cr net loss this fiscal: Report

CV makers were already hit by new overloading norms and a slowing economy when the Covid-19 pandemic arrived and sales volume had fallen 29% in the fiscal year ended March 2020