Page 83 - Auto
Toyota Motor hikes annual profit forecast after Q3 beats expectations
TOKYO (Reuters) -Toyota Motor raised its full-year operating profit forecast by nearly 9% on Tuesday, after higher sales volumes and a weaker yen boosted its third-quarter results
 "Toyota Motor hikes annual profit forecast after Q3 beats expectations")
Toyota boosts spending on EV production in United States by $1.3 billion
Toyota has taken a more cautious approach to introducing fully electric vehicles than peers such as Volkswagen AG and General Motors Co
 "Toyota boosts spending on EV production in United States by $1.3 billion")
General Motors recalls 323,000 pickup trucks in US because of glitch
The recall covers certain Chevrolet Silverado and GMC Sierra 2500 and 3500 trucks from the 2020 through 2024 model years
 "General Motors recalls 323,000 pickup trucks in US because of glitch")
Honda Motor to recall over 750,000 vehicles in United States: NHTSA
The recall includes certain Honda Pilot, Accord and Civic sedan made between 2020 and 2022, and some Honda CR-V and Passport vehicles manufactured between 2020 and 2021
 "Honda Motor to recall over 750,000 vehicles in United States: NHTSA")
Bullish on India; luxury car penetration expected to remain low: Audi
Audi expects growth of the luxury car market in India to moderate to low double digits in 2024 compared to around 25 per cent in 2023
 "Bullish on India; luxury car penetration expected to remain low: Audi")
Hybrid vehicles seen racing ahead in auto battle on possible tax sop
Hybrids, which combine a battery with an internal combustion engine (ICE), usually petrol, are cheaper and suffer no range anxiety while boosting the overall fuel efficiency.
 "Hybrid vehicles seen racing ahead in auto battle on possible tax sop")
Only 38% of Fame 2 subsidy used so far in FY24, shows govt data
In 2023-24, according to MHI, the budgeted allocation was Rs 5,171.97 crore
 "Only 38% of Fame 2 subsidy used so far in FY24, shows govt data")
Hyundai Motor India may launch India's largest IPO ever this Diwali
At the upper band, the valuation of Hyundai India would be around Rs 23.3 trillion, more than Mahindra & Mahindra and Bajaj Auto
 "Hyundai Motor India may launch India's largest IPO ever this Diwali")
Tata Motors shifts into high gear with Jaguar Land Rover at the wheel
DRIVING FORCE: UK subsidiary powers growth for India's auto leader amid domestic uncertainty
 "Tata Motors shifts into high gear with Jaguar Land Rover at the wheel")
Ashok Leyland hands over keys of Boss Electric truck to Billion E-Mobility
Hinduja Group flagship company Ashok Leyland has commenced delivery of its intermediate and heavy duty electric trucks to its customers, the company said.
 "Ashok Leyland hands over keys of Boss Electric truck to Billion E-Mobility")
BMW eyes India's emerging electric car mkt with focus on affluent consumers
BMW, which introduced battery-powered vehicles in India last year, currently sells five electrified models, the most among all carmakers
 "BMW eyes India's emerging electric car mkt with focus on affluent consumers")
India's PV sales to slow down in FY25, EV market to be steady: ICRA to Siam
Commercial vehicle market expected to retreat in election year
 "India's PV sales to slow down in FY25, EV market to be steady: ICRA to Siam")
Citroen to add more safety features, plans to come with six airbags
French carmaker Citroen is all set to come with six airbags to meet the safety standards of its product in India. The carmaker will start updating the safety features from July 2024
 "Citroen to add more safety features, plans to come with six airbags")
Volkswagen Group's India unit looking to introduce entry-level electric SUV
The carmaker is looking at exporting the new EV to southeast Asia, Gulf Cooperation Council (GCC) countries and North Africa
 "Volkswagen Group's India unit looking to introduce entry-level electric SUV")
Automakers post highest ever monthly passenger vehicle wholesales in Jan
The preceding peak occurred in October 2023, with domestic sales by automakers reaching 391,811 units in India during the festive period
 "Automakers post highest ever monthly passenger vehicle wholesales in Jan")
TVS Motor vehicle sales grow 23% to 339,513 units in January 2024
Sale of two-wheelers registered a growth of 25 per cent with sales increasing from 264,710 units in January 2023 to 329,937 units in January 2024
 "TVS Motor vehicle sales grow 23% to 339,513 units in January 2024")
Ashok Leyland total vehicle sales decline by 7% to 15,939 units in January
The Light Commercial Vehicle (LCV) segment volumes fell 7 per cent to 5,721 units in the reported month from 6,150 vehicles sold in January 2023, Ashok Leyland said
 "Ashok Leyland total vehicle sales decline by 7% to 15,939 units in January")
Maruti Suzuki's total vehicle sales rise 5% at 199,364 units in January
This was the highest-ever monthly sales volume for the Gurugram-based car maker, as per the statement
 "Maruti Suzuki's total vehicle sales rise 5% at 199,364 units in January")
M&M January sales: Total vehicle sales rise 15%, reach 73,944 units
Mahindra & Mahindra Ltd on Thursday said its total vehicle sales grew 15 per cent year-on-year to 73,944 units in January
 "M&M January sales: Total vehicle sales rise 15%, reach 73,944 units")
Bharat Mobility Global Expo 2024: Venue, dates, tickets details here
The expo is poised to draw attendees from domestic stakeholders and international participants across 47 countries. Here is everything you need to know about India's global mobility expo
