Page 38 - Auto Industry
Hero MotoCorp Q4 net up 38% to Rs 865 cr on entry-level bike demand
Company extends factory closure to May 10; expects normalcy to return by second quarter
 "Hero MotoCorp Q4 net up 38% to Rs 865 cr on entry-level bike demand")
Strong order book to make FY22 a record year for exports: Bajaj Auto
Q4 earnings got a boost from higher realisation of exports and larger contribution of pricier models in overall sales
 "Strong order book to make FY22 a record year for exports: Bajaj Auto")
Despite tailwinds, margins to remain under pressure for Bajaj Auto
Rising exports, price hike, improving mix not enough to offset costs
 "Despite tailwinds, margins to remain under pressure for Bajaj Auto")
Volume, margin pressures may slow down TVS performance in June quarter
Stock trading at 74% premium to Hero at valuation of 24.5x its FY23 earnings
 "Volume, margin pressures may slow down TVS performance in June quarter")
Maruti Suzuki's margins may slip further on higher commodity costs
Demand trajectory, market share losses are other concerns
 "Maruti Suzuki's margins may slip further on higher commodity costs")
Auto firm Stellantis makes top-level appointments for Indian region
Appoints Roland Bouchara as CEO & Managing Director, Partha Datta to head Engineering, Design and R&D
 "Auto firm Stellantis makes top-level appointments for Indian region")
Jagdish Khattar, former Maruti MD, dies of cardiac arrest at age 79
Jagdish Khattar's tenure saw Maruti establish itself as India's largest car company.
 "Jagdish Khattar, former Maruti MD, dies of cardiac arrest at age 79")
Chip shortage casts shadow over China's automobile industry recovery
Chip shortage casts shadow over China's auto industry recovery
 "Chip shortage casts shadow over China's automobile industry recovery")
China's auto sales surge 75% in March, 12th straight monthly gain
Auto sales in China surged in March for their 12th consecutive month of gains, as the world's biggest car market leads the sector's recovery from the Covid-19 pandemic
 "China's auto sales surge 75% in March, 12th straight monthly gain")
SBI inks $1-bn loan agreement with Japan Bank for International Cooperation
This takes the total facility to $2 bn, including $1 bn, which was signed last year in Oct 2020
 "SBI inks $1-bn loan agreement with Japan Bank for International Cooperation")
Maruti to hike prices from April 1, other firms may follow as costs rise
India's largest carmaker will make a second round of price increase since January
 "Maruti to hike prices from April 1, other firms may follow as costs rise")
Maruti Suzuki shortlists three new startups under innovation initiative
Maruti Suzuki India (MSI) on Monday said it has shortlisted three new startups as part of its Mobility and Automobile Innovation Lab (MAIL) programme
 "Maruti Suzuki shortlists three new startups under innovation initiative")
Auto sales stay in the fast lane in February, but industry cautious
Automakers say further hike in fuel prices could dent consumer sentiment
 "Auto sales stay in the fast lane in February, but industry cautious")
Suzuki's 91-year-old chief to retire after longest reign in auto industry
The announcement by Japan's fourth-biggest automaker comes less than a week after rival Honda Motor appointed a new CEO, who said he would consider alliances to make bold decisions.
 "Suzuki's 91-year-old chief to retire after longest reign in auto industry")
Honda Motor taps tech expert as CEO to steer firm in ecological times
Toshihiro Mibe, a research expert tapped president of Japanese automaker Honda on Friday, promised to steer the company toward new growth by focusing on ecological models and safety technology. Honda Motor Co. said Mibe replaces Takahiro Hachigo effective April 1, and subject to shareholders' approval at a meeting in June. I am going to build a house that is the future of Honda on the foundation of businesses that Mr Hachigo has worked so hard to create. And this building must have resilience, to withstand this once in a hundred years transformation, Mibe told reporters. Mibe stressed the automaker will be aggressive about developing and selling electric vehicles. Mibe, who joined Honda in 1987, had been widely expected to take the top post, according to Japanese media. He was instrumental in further forging Honda's partnership with U.S. automaker General Motors Co. GM and Honda have had a relationship for two decades, centered around collaborating on fuel cells, batteries and ...
 "Honda Motor taps tech expert as CEO to steer firm in ecological times")
Mahindra shares touch a two-year high on strong Q3 show on two key fronts
Concerns remain on the company's weakening position in the UV segment
 "Mahindra shares touch a two-year high on strong Q3 show on two key fronts")
KPIT Tech reports marginal rise to Rs 42.9 crore in December quarter
Auto industry-focused IT firm KPIT Technologies on Thursday reported a marginal rise in December quarter net at Rs 42.9 crore as against Rs 40.9 crore in the year-ago period.
 "KPIT Tech reports marginal rise to Rs 42.9 crore in December quarter")
Budget 2021: Auto industry demands rationalisation of tax, scrappage policy
The auto industry hopes it will assist them in recovering from the pandemic-induced economic shock
 "Budget 2021: Auto industry demands rationalisation of tax, scrappage policy")
Electric vehicles to overtake gas guzzlers in India by 2030: Mahindra
Mahindra reported its first quarterly loss in nearly two decades last year as an economic slowdown in India squeezed purchasing power
 "Electric vehicles to overtake gas guzzlers in India by 2030: Mahindra")
Tesla sues ex-employee for allegedly stealing confidential software code
The carmaker has sued one of its former employees for allegedly stealing company information
 "Tesla sues ex-employee for allegedly stealing confidential software code")