Page 37 - Auto Industry
Buyers may go for cars with lower running costs as fuel prices spike: Study
With fuel prices going up by 35% over the past 15 months, cars that have higher fuel efficiency and lower maintenance costs are expected to gain higher traction among buyers in India, a report said
 "Buyers may go for cars with lower running costs as fuel prices spike: Study")
Icra slashes growth forecast for auto parts industry to 17-20% for FY22
Icra cited the impact of semiconductor shortage on domestic vehicle manufacturers as well as on exports revenues
 "Icra slashes growth forecast for auto parts industry to 17-20% for FY22")
Bajaj Auto swaps stake in KTM to get a share in Pierer Mobility
PMAG ups stake in KTM AG from 51.7% to 98.2%; Bajaj Auto becomes indirect partner in all PMAG brands
 "Bajaj Auto swaps stake in KTM to get a share in Pierer Mobility")
Ford India head quits after company decides to stop making cars: Report
Anurag Mehrotra spent over a decade with Ford in India across multiple roles including marketing, sales and most recently as president and managing director
 "Ford India head quits after company decides to stop making cars: Report")
Octavia 2021: Skoda's premium but pricey sedan comes packed with features
Octavia 2021 punches above its weight
 "Octavia 2021: Skoda's premium but pricey sedan comes packed with features")
Semiconductor chip shortage: Industries face further output cuts and delays
Auto sector to be among the most affected by the crisis
 "Semiconductor chip shortage: Industries face further output cuts and delays")
The Morning Show, Ep 3: Troubled carmakers, retro tax headway, & T+1 cycle
Why do top global carmakers fail in India? Will Cairn settlement herald the end of India's retro tax migraine? What will T+1 settlement cycle change for Indian markets? Get answers in this episode
 "The Morning Show, Ep 3: Troubled carmakers, retro tax headway, & T+1 cycle")
Revised PLI scheme would give the right impetus for the industry: TVS Motor
The revised PLI Scheme announced by the Centre on Wednesday would give the right impetus for auto industry to move faster towards future technologies, TVS Motor Chairman Venu Srinivasan said.
 "Revised PLI scheme would give the right impetus for the industry: TVS Motor")
Chip shortage hits domestic auto wholesales in August; dispatches dip 11%
Automobile wholesales in India declined 11 per cent year-on-year in August, as the semiconductor shortage hit production processes across the industry, SIAM said on Friday.
 "Chip shortage hits domestic auto wholesales in August; dispatches dip 11%")
Maruti Suzuki hikes prices by up to 1.9% due to increase in input costs
The country's largest carmaker Maruti Suzuki India on Monday said it has increased prices of its entire product range, except Celerio, by up to 1.9 per cent with immediate effect
 "Maruti Suzuki hikes prices by up to 1.9% due to increase in input costs")
Carmaker Mahindra warns of 20% dip in production due to chip shortage
Indian car maker Mahindra and Mahindra said on Thursday it expects a 20%-25% drop in September vehicle production at its automotive division due to semiconductor shortages
 "Carmaker Mahindra warns of 20% dip in production due to chip shortage")
Toyota Kirloskar domestic sales surge two-fold to 12,772 units in August
Toyota Kirloskar Motor on Wednesday reported over two-fold increase in domestic wholesales in August at 12,772 units as compared with August 2020
 "Toyota Kirloskar domestic sales surge two-fold to 12,772 units in August")
Bajaj Auto reports 5% increase in sales at 373,270 units in August
Bajaj Auto on Wednesday reported a 5 per cent increase in total sales at 3,73,270 units in August 2021.
 "Bajaj Auto reports 5% increase in sales at 373,270 units in August")
Top headlines: Auto industry protests taxes; FM seeks to boost PSB lending
The government is looking at modifying its Faceless Assessment Scheme for solving tax disputes.
 "Top headlines: Auto industry protests taxes; FM seeks to boost PSB lending")
Words alone won't help auto industry; concrete actions needed: RC Bhargava
A lot of statements were made by government officials supporting the automobile industry, but when it comes to taking actual steps nothing has really happened, Maruti Suzuki India Chairman said
 "Words alone won't help auto industry; concrete actions needed: RC Bhargava")
FADA seeks policy to protect dealers from sudden exit of manufacturers
Also demands industry status for auto retail so it can access priority lending from banks, ECBs, financing from top lenders, PE investments, apart from getting more tax benefits
Auto industry defers Expo for the first time ever on Covid-19 scare
This is the first time Siam is putting off the show since it started in 1986
 "Auto industry defers Expo for the first time ever on Covid-19 scare")
German automaker Daimler reports Q2 preliminary adjusted EBIT of $6.42 bn
Mercedes-Benz maker Daimler AG on Thursday reported preliminary adjusted group EBIT of $6.42 billion for the second quarter, with car and truck divisions beating analyst targets
 "German automaker Daimler reports Q2 preliminary adjusted EBIT of $6.42 bn")
Maruti shifts Dzire production to Gujarat to create space for new launches
Plans a slew of new SUV models over the next few years as it seeks to take on the competition by straddling the segment with multiple \offerings at varied price points
 "Maruti shifts Dzire production to Gujarat to create space for new launches")
Nissan Motor CEO says performance for April, May better than expected
Nissan Motor Co's financial performance in April and May was better than expected, the automaker's president said at the annual general meeting (AGM) on Tuesday
 "Nissan Motor CEO says performance for April, May better than expected")