Page 247 - Auto
Auto component firms eye higher exports, low imports to become self-reliant
Top official at various auto component firms said exports, which anyways have been intrinsic to the overall strategy, will increase at a rapid pace over the next two to five years
 "Auto component firms eye higher exports, low imports to become self-reliant")
May soon be overtaking Tesla, says Volkswagen AG's Bernd Osterloh
VW's modular electric-drive matrix platform gives the carmaker a "huge" advantage," as it can build any vehicle of any brand on it, Osterloh said
 "May soon be overtaking Tesla, says Volkswagen AG's Bernd Osterloh")
Harley Davidson in talks with Bajaj, M&M for strategic partnership: Report
The Newark-based firm has been reviewing its India operations as part of its global rewire strategy announced in July 2020
 "Harley Davidson in talks with Bajaj, M&M for strategic partnership: Report")
Govt mulls installing EV charging kiosks at around 69,000 petrol pumps
The government is mulling setting up at least one electric vehicle (EV) charging kiosk each at nearly 69,000 petrol pumps across the country to induce people to go for electric mobility
 "Govt mulls installing EV charging kiosks at around 69,000 petrol pumps")
SMC president tells auto component suppliers to localise aggressively, step up R&D
The advice comes amid the Centre's clarion call to manufacturers across sectors to cut imports and become self-reliant
 "SMC president tells auto component suppliers to localise aggressively, step up R&D")
SIAM appoints Maruti Suzuki India CEO Kenichi Ayukawa as its new president
The executive committee of Society of Indian Automobile Manufacturers (SIAM) has elected Kenichi Ayukawa as its new President
 "SIAM appoints Maruti Suzuki India CEO Kenichi Ayukawa as its new president")
Auto firms moving facilities out of China to cover geopolitical risks: SIAM
Many companies in China are relocating plants in other countries to cover geopolitical risks and the auto and components sector must bring those investments or tie up with them to produce in India
A driver's delight, the Volkswagen T-Roc defines affordable luxury
Powered by a 1.5 litre petrol engine that is as refined as punchy, the T-Roc's German pedigree is evident from the interiors, which, without the VW logo, would be easily at home in a pricier car
 "A driver's delight, the Volkswagen T-Roc defines affordable luxury")
CV sector to take 1-2 yrs to get back to 2018-19 sales volume levels: Siam
Domestic CV manufacturers dispatched 10,07,319 units from their factories across the year ended March 31, 2019, as compared to 8,56,916 units in 2017-18, logging a growth of 17.6 per cent
 "CV sector to take 1-2 yrs to get back to 2018-19 sales volume levels: Siam")
Scandal-tarnished Japanese automaker Nissan shows off production innovation
Nissan says it has developed a new way to produce high-tech auto parts that highlights the Japanese automaker's engineering finesse
 "Scandal-tarnished Japanese automaker Nissan shows off production innovation")
Auto industry facing tough times, needs govt support: Kenichi Ayukawa
The Indian auto industry is facing one of the toughest times in history and needs government support through reduction of GST and incentive-based scrappage policy, Kenichi Ayukawa said
A Covid-19-hit auto industry pitches for incentives to revive demand
At SIAM's 60th annual conclave, the industry body's president blamed the sales slump on an overdose of regulations, liquidity issues and a slowing economy
 "A Covid-19-hit auto industry pitches for incentives to revive demand")
Hyundai, Kia recall over 600,000 vehicles for leaks that can cause fires
Korean automakers Hyundai and Kia are recalling over 600,000 vehicles in the U.S. and Canada to fix a brake fluid leak that could cause engine fires.
 "Hyundai, Kia recall over 600,000 vehicles for leaks that can cause fires")
Most Indians could consider buying Electric Vehicles by 2022: Report
Most consumers in India would consider buying an electric vehicle by 2022, but most of them also believe that it won't be until 2025 that the majority of new cars are electric, according to a study
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
 "Tata Motors domestic sales up 21.6% YoY in August to 35,420 units")
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
 "Bajaj Auto posts 9% fall in total sales in August with 356,199 units sold")
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
 "Ford Motor to cut 1,000 North American salaried jobs amid overhaul")
Hero MotoCorp reports 8% rise in 2-wheeler sales, others wait for revival
Semi-urban centres drive demand for Hero
 "Hero MotoCorp reports 8% rise in 2-wheeler sales, others wait for revival")
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
 "Tractor sales remain strong in August with estimated 70% growth")