Page 92 - Auto
Toyota Kirloskar Motor sales up by 51% at 17,818 units in November
The company had sold 11,765 units in November 2022, Toyota Kirloskar Motor (TKM) said in a statement
 "Toyota Kirloskar Motor sales up by 51% at 17,818 units in November")
GM says strike cost $1.1 bn but it can absorb rising labour costs
The company now predicts full-year net income of $9.1 billion to $9.7 billion, down from its previous outlook of $9.3 billion to $10.7 billion
 "GM says strike cost $1.1 bn but it can absorb rising labour costs")
Huawei's new smart car firm valued up to $35 bn amid advanced stake talks
Main auto partner Chongqing Changan Automobile and relevant parties will own up to 40% of the new firm, a Changan Auto statement showed
 "Huawei's new smart car firm valued up to $35 bn amid advanced stake talks")
Honda to invest $3.4 billion in electric motorcycles business by 2030
The company highlighted India and the Asean region as places where it aims to expand market share. Mihara said new production facilities will "highly likely" be in India and Southeast Asia
 "Honda to invest $3.4 billion in electric motorcycles business by 2030")
Mercedes names Amrit Baid as head of marketing, customer experience
Baid, who is currently associated with Region Overseas Marketing team of Mercedes-Benz Malaysia, succeeds Pradeep Srinivas who moves to Mercedes-Benz AG headquarters taking up a global role
 "Mercedes names Amrit Baid as head of marketing, customer experience")
Rolls-Royce sours on electric-powered planes, says hydrogen needs time
The aviation industry has come under pressure to decarbonize and Airbus SE, the world's biggest planemaker, is betting on hydrogen powered planes entering into service by 2035
 "Rolls-Royce sours on electric-powered planes, says hydrogen needs time")
Tata Motors launches registered vehicle scrapping facility in Punjab
The facility uses environmentally-friendly processes and has the capacity to disassemble 12,000 end-of-life vehicles safely and sustainably, each year
 "Tata Motors launches registered vehicle scrapping facility in Punjab")
From budget to luxury, cars to get more expensive from January 2024
Maruti, Tata, M&M, Audi cite cost pressure for pushing up prices
 "From budget to luxury, cars to get more expensive from January 2024")
Tesla sues Swedish co as striking workers halt delivery of license plates
Tesla which is non-unionized globally was suing the govt agency because not accessing the registration plates constitutes an unlawful discriminatory attack directed at Tesla
 "Tesla sues Swedish co as striking workers halt delivery of license plates")
Audi India raises prices of vehicles by 2% from Jan 1 on rising input costs
Audi India registered an 88 per cent growth and has retailed 5,530 units in the first nine months of this year
 "Audi India raises prices of vehicles by 2% from Jan 1 on rising input costs")
E-buses expected to account for 11-13% of new bus sales by FY25: Icra
With significant operational savings vis--vis conventional diesel buses, ICRA said it expects the demand for e-buses to continue to rise
 "E-buses expected to account for 11-13% of new bus sales by FY25: Icra")
After Audi, Maruti Suzuki to hike prices of its cars from January 2024
Maruti Suzuki, India's largest carmaker, did not mention the quantum of price hike
 "After Audi, Maruti Suzuki to hike prices of its cars from January 2024")
Audi India to hike prices of vehicles by up to 2% from January 2024
The price hike will be effective from January 1, 2024 and will be across the model range, Audi India said in a statement
 "Audi India to hike prices of vehicles by up to 2% from January 2024")
From Bajaj to TVS, two-wheeler makers hit full throttle on growth prospects
While demand woes continued to plague the export market, growth was largely on the back of domestic demand
 "From Bajaj to TVS, two-wheeler makers hit full throttle on growth prospects")
Toyota expects Indian PV market to carry momentum of 2023 into 2024: Gulati
While the SUVs are expected to witness fast growth in general in 2024, the mid to higher end of the segment will also see faster acceleration, although the small cars category will remain a concern.
 "Toyota expects Indian PV market to carry momentum of 2023 into 2024: Gulati")
TVS Motor plans to expand electric two-wheeler range over next 1 year
We are also planning to launch a series of products in the range of 5 to 25 kilowatts in the next year," TVS Motor Company Director and CEO K N Radhakrishnan said in an analyst call
 "TVS Motor plans to expand electric two-wheeler range over next 1 year")
Nissan to invest $1.4 bn to make EV versions of its best-selling cars in UK
Nissan's investment is a massive vote of confidence in the UK's automotive industry, which contributes 71 billion pounds a year to the economy, PM Rishi Sunak said
 "Nissan to invest $1.4 bn to make EV versions of its best-selling cars in UK")
Himalayan 450 set to launch today, check the latest features, prices, more
The Royal Enfield's Himalayan 450 is about to launch today, November 24, 2023. The bike comes with a Sherpa 450 engine for the first time. Here's all you need to know about it
 "Himalayan 450 set to launch today, check the latest features, prices, more")
Suzuki Motor's stake in Maruti Suzuki to rise to 58.19% from 56.48%
The board of Maruti Suzuki approved the allotment of 12,322,514 equity shares to Suzuki having a face value of Rs 5 each at a price of Rs 10,420.85 per equity share
Tesla may invest $2 billion for manufacturing in India but with conditions
Tesla is also likely to commit 20% localisation in its Made in India cars in the first two years and it may increase to 40% in four years