Page 39 - Auto Industry

About two-thirds of auto loan needs met by private, foreign lenders: Report

Nearly two-thirds of the auto industry's loan requirements are taken care of by the private and foreign lenders in the country, a report said

Maruti Suzuki India to hike prices from Jan 18 to tackle higher costs

The firm will raise prices for some car models due to a rise in some input costs

Honda City tops mid-sized sedan segment in 2020 with sale of 21,826 units

Honda Cars India on Friday said its mid-sized sedan City led the segment last year with cumulative sales of 21,826 units

PV sales in India at ten-year low, industry working to regain volumes: SIAM

The industry will have to work hard to regain better volumes and business health, industry body SIAM said on Thursday

Passenger vehicle sales increase 13.6% in December, says SIAM

Passenger vehicle sales jumped 13.6 per cent in December to 2.52 lakh units as compared to 2.22 lakh in the year-ago period, the Society of Indian Automobile Manufacturers (SIAM) said on Thursday.

Commodity inflation for auto sector to be offset by price hikes

The automobiles sector is expected to face commodity cost inflation which will be offset by price hikes, lower discounts, cost cutting, and operating leverage

CV wholesales in December outperformed in both, M&HCV and LCV segments

Demand for M&HCV segment is coming close to the pre-Covid level of 2019 but is still far below the 2018 level

Nissan adds third shift to reduce waiting time for its new SUV Magnite

Employs 1,000 hands at factory and more staff at the dealerships towards this end. Plans to export the car to Indonesia and South Africa

Auto sales take fast lane in Dec; carmakers see double-digit rise in sales

The country's largest passenger vehicle manufacturer sold 124,375 units in the year-ago period.

Inventory inching up relative to sales across sectors, FMCG less affected

Festive season, supply chain issues may have been contributing factors leading to higher inventory

Road ahead for auto industry: Economic recovery holds key to revival

Cautious optimism rules four-wheeler mindset, pain seen lingering in two-wheeler segment

Royal Enfield moves through the gears amid growing competition in market

Competition in the middleweight segment and a growing market for electric bikes pose challenges for dominant two-wheeler player

GM scripts last lap of India journey, to cease manufacturing ops on Dec 24

The company rolled out the last model off its assembly line on October 31 for exports

Price hikes to dampen recovery prospects for Indian automakers: Fitch

Hikes come at a time when boost in some categories from pent-up demand and festive spending fades, and the economic impact from the pandemic reasserts itself, rating agency says

Maruti Suzuki's production in November rises 6% to over 1,50,000 units

The company had produced nearly 1,42,000 units in the same month last year.

Honda posts 55% rise in domestic sales in November at 9,990 units

Honda Cars India on Tuesday reported a 55 per cent increase in domestic sales at 9,990 units in November. The company had sold 6,459 units in the domestic market in November 2019, Honda Cars India Ltd (HCIL) said in a statement. Exports stood at 31 units last month, it added. "The festive season this year was good for us with sales improving by 55 per cent in November and contributing to overall industry growth. "With new and refreshed model line-up along with lucrative offers for consumers, we were able to leverage festive demand and register good sales," HCIL Senior Vice President and Director (Marketing & Sales) Rajesh Goel said. While the Amaze continues to show strong market performance, the all new City has been fuelling the demand in the mid-size sedan segment since its launch and maintaining its leadership position month after month, he added. "Although there are continuing challenges of pandemic and its impact on overall consumer sentiment, the rise in personal mobility

US agency opens probe into 115,000 Tesla vehicles over suspension issue

The auto safety regulator said it was opening a preliminary evaluation into 2015-2017 Model S and 2016-2017 Model X vehicles

Skoda India's plea to quash FIR for alleged use of cheat device dismissed

On November 4, the SC had reserved the verdict on the plea saying as to why should not the investigation go on in the case.

Passenger cars brightest spot in auto industry on high festive demand

Maruti and Tata Motors witnessed a strong demand.

Ashok Leyland floats new subsidiary to manufacture bus bodies, coaches

The new company will manufacture bus bodies and coaches