Page 4 - Auto Makers

Ashok Leyland's shareholding in UK-based Optare Plc increases to 92.59%

In November last year, Ashok Leyland announced that it would invest Rs 1,200 crore in its electric vehicle arm Switch Mobility, through Optare Plc

Result preview: Auto Inc may ride on strong revenue growth in Dec qtr

Prabhudas Lilladher expects the companies under its coverage to report an aggregate revenue growth of 20 percent YoY (including Jaguar-Land Rover) and 16 percent (excluding JLR)

Bombay High Court junks pleas challenging closure of Talegaon plant

The High Court upheld the decision of the Industrial Tribunal allowing GMI to close the plant after noting accumulated losses of Rs 9,656.87 crore as of 2021-22

Toyota's global output surges 11% in Nov, sees record high on strong demand

Domestic sales for the month shot 27% higher, sales in both the United States and China increased by 17%, while those in Europe climbed 15%

Auto, financial services stocks record highest selling by FPIs in November

Chokkalingam said buying in healthcare and consumer services is a hedging strategy by FPIs ahead of the state election results

Oct auto retail sales dip 8% due to Shraddh period; Navratri sales up 18%

Navratri of 2023 marked a milestone, with retail sales soaring by 18 per cent year-over-year, surpassing the figures of Navratri 2017

Explained: How UAW's drive to 'end tiers' will change GM Detroit

The contract will largely unwind a strategy the automaker has used for years to hold down labor costs, UAW officials have said

Auto workers shut down Ford's largest factory, threaten Stellantis

The United Auto Workers union significantly escalated its walkout against Detroit's Three automakers, shutting down Ford's largest factory and threatening Jeep maker Stellantis. In a surprise move on Wednesday night, 8,700 members left their jobs at Ford's Kentucky truck plant in Louisville. And Thursday morning, union President Shawn Fain hinted at further action against Stellantis. Here's to hoping talks at Stellantis today are more productive than Ford yesterday, Fain wrote on X, formerly Twitter, without saying what might happen. Ford's truck plant makes heavy-duty F-Series pickup trucks and large Ford and Lincoln SUVs, hitting the company's most lucrative products. The vehicles made at the plant generate USD 25 billion per year in revenue, the company said in a statement. Fain said in a statement that the union has waited long enough but Ford hasn't gotten the message to bargain for a fair contract. If they can't understand that after four weeks, the 8,700 workers shutting dow

Ashok Leyland launches the new ecomet Star 1915 truck with 18.49T GVW

The latest truck by the company is suited for long-distance applications, designed for fuel efficiency and faster turnaround time

Tata Motors to upskill 50% of employees with new age auto tech in 5 years

Tata Motors on Thursday said it plans to equip over 50 per cent of its overall workforce with new-age auto tech capabilities within five years as part of its strategy to develop skilled and future-ready staff focused on electric vehicles and other emerging technologies in the auto industry. The company, which has over 57,000 employees across different functions, has collaborated with organisations such as ARAI, Bosch, Mathworks, SAE, and Tata Technologies, among others to provide its employees with professional certification programmes in connected, electric, shared and safe (CESS) through its upskilling programme. "A dynamically evolving industry like ours mandates consistent upskilling and training to remain ahead of the curve and future ready," Tata Motors Vice President HR, Passenger Vehicles and Electric Vehicles, Sitaram Kandi said. The company has specially curated training modules to address the requisite developmental needs of all -- from shopfloor technicians to line ...

Gabriel India gains 7% to hit new high; up 60% in 2 mths on strong outlook

Operating margins are seen around 8-9%; the improvement is likely to be driven by stable RM prices, positive operating leverage benefits and cost optimization measures by the firm, said CRISIL

Tesla rival VinFast mulls setting up manufacturing plant in India

VinFast Auto became the world's third largest automaker by market capitalisation behind Tesla and Toyota in August

Tamil Nadu firms shine in India's 1 mn EV sales; contribute over 40%

State expects investments worth Rs 50,000 cr in EV manufacturing by 2025

$5 bn opportunity for auto parts industry in material circularity: Report

Business practice could increase companies' top line by 10-20 per cent, it says

Defence business to drive growth for auto component major Bharat Forge

The company had won a new export order of Rs 280 crore in the quarter taking its total order book to Rs 2,300 crore

Hyundai signs deal to acquire General Motors' Talegaon manufacturing plant

Facility in Maharashtra has annual production capacity of 130,000 units

Indian auto component industry saw highest-ever jump at 33% in FY23: ACMA

Revenues share from EV makers more than doubles to 2.7%

'Not just Tesla, TN may be the most preferred state for any big investor'

T R B Rajaa, the Minister for Industries, Investments and Commerce, Tamil Nadu government, is targeting $6 billion of investments in the EV sector in the near future

TVS expects growth momentum to continue this fiscal, economy likely to grow

TVS Motor Company expects growth momentum to continue in the current fiscal, with the overall economy anticipated to grow at a robust pace and a continuous improvement in the road infrastructure. According to the company, the premium bikes and scooter segment is likely to grow on the back of a rise in overseas shipments and higher penetration of electric two-wheelers this fiscal. In its Annual Report for 2022-23, the company stated that it maintains a cautiously optimistic view regarding the current fiscal. In spite of the difference in the specific forecast, the almost common agreement is that India's GDP growth will remain the highest among all major economies, it stated. Improving road infrastructure and the economic environment with mass transit systems will further drive the demand for mobility for the masses, TVS Motor said. This demand is today best served by the two-wheeler segment, making its fundamentals very attractive considering a resurgent India, it added. "Due to t

Hyundai unveils Genesis GV80 Coupe concept car at exhibition in New York

South Korea's largest carmaker Hyundai Motor has unveiled the Genesis GV80 Coupe Concept at its exhibition hall Genesis House New York, the company said on Tuesday