Page 246 - Auto

General Motors explores market for electric 'flying cars': Report

By Ben Klayman

FAME: Over 27,000 electric vehicles supported till Sept 10 under phase-II

The government said under the second phase of FAME India Scheme, over 27,000 electric vehicles have been supported till September 10 this year by way of demand incentive amounting to about Rs 95 crore

Sales, aftersales showing very positive results: Lamborghini India Head

Optimism over Covid-19 vaccine and gradual opening of the economy has resulted in improved business outlook and is helping Italian super sports car maker Lamborghini generate new orders in India

Toyota Motors halts expansion plans in India, blames high tax regime

Toyota, one of the world's biggest carmakers, began operating in India in 1997. Its local unit is owned 89% by the Japanese company and has a small market share

Ashok Leyland expands LCV offering in bid be among top-10 global CV players

The CV major has said that LCV will be one of the three major levers to drive company's future growth

Luxury car mkt projected to reach 2018 level by 2022: Lexus India president

Country head P B Venugopal tells Pavan Lall that hybrid roll-out is going to dominate the firm's product strategy

The Kia Sonet is a feature-rich compact SUV with funky body language

On the highway, it pulls along with ease and offers smooth commuter ride and drive experience, and also has little competition

Tax, high interest rates hurdles for growth of auto industry: Force Motors

The company, which makes commercial vehicles under the Traveller brand and utility vehicle Trax, said the situation calls for a very detailed and thorough reform

Audi business back on track, sees heightened demand in festive season

The company is witnessing increased footfalls at its showrooms although it has not reached pre-COVID levels, while it is also gaining a lot of traction in online customer interactions

Auto component industry seeks long term roadmap for regulatory changes

The industry, which accounts for around 2.3 per cent of the country''s GDP, has been struggling of late due to a prolonged downturn in the auto industry as a whole and due to Covid-19 situation

Moped sales see highest growth in segment in August since lockdown

Moped sales have turned around since June on the back of good monsoon and positive sentiment in the rural market

Auto sales rebound in August after nine months due to pent-up demand

Two-wheeler sales increased by 3 per cent to 1,559,665 units, while passenger cars grew 14 per cent YoY to 124,715 units

Passenger vehicle sales increase 14% in August to 215,916 units: SIAM

Passenger vehicle sales in India increased by 14.16 per cent in August to 2,15,916 units as against 1,89,129 units in the same month last year, auto industry body SIAM said

Maserati's rebirth bid starts with a new 630-horsepower supercar

Aging product has dogged the luxury division of Fiat Chrysler Automobiles, leading to a sales collapse and costly writedowns

Hero MotoCorp, TVS gain mkt share in Aug at cost of Honda and Bajaj

Hero MotoCorp, TVS Motor increase market share in a dwindling market while Bajaj and Honda slip

China auto sales increase 6% in August, down 15.4% from year-ago period

China's car sales rose 6% in August over a year earlier as the industry's biggest market recovered from Covid-19, but purchases for the year to date were off more than 15%, an industry group reported

Kia motors biggest gainer in August, captures 4.2% market share in India

Hyundai Motor India, the country's second-largest car manufacturer increased its market share to 19.44 per cent from 18.88 per cent. However, sales dropped to 34,699 units from 36,294 units

Auto retail sales down by 26.8% in August, jump in tractor segment by 28.7%

Dealers said that the overall demand is still not back to pre-Covid levels as banks and NBFCs continue to have a cautious approach towards funding

Mercedes-Benz hopes for revival of consumer sentiment during festive season

Mercedes-Benz on Wednesday said it is optimistic that the gradual unlocking of markets and festive season will revive consumer sentiment, which remains weak amid the COVID-19 pandemic

Coronavirus fails to dampen spirits across electric vehicle eco-system

India more charged on first World EV Day; ABB, Green TV initiative comes at a time when best in tech available in the country