Page 5 - Auto Makers

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

Luxury carmakers lean on YOLO impact, gear up for big ride in small towns

Many of these companies are having a waiting period from 6-18 months now, indicating a rise in demand

Tata Motors to operationalise Ford's Sanand unit in Gujarat in 12-18 months

Tata Motors is looking to commence operations at the Gujarat-based manufacturing plant it acquired from Ford, over the next 12-18 months to scale up its production capacity, according to its head of passenger vehicle business. The automaker earlier this month completed the acquisition of Ford India's manufacturing plant at Sanand through a subsidiary. In August last year, the company had announced that its arm Tata Passenger Electric Mobility Ltd (TPEML) would acquire Ford India Pvt Ltd's (FIPL) Sanand plant, Gujarat for Rs 726 crore. Tata Motors had earlier noted that with its manufacturing capacity nearing saturation, the acquisition is timely and a win-win for all stakeholders. The Sanand plant has a manufacturing capacity of 3 lakh units per annum, which is scalable to 4.2 lakh units per annum. TPEML is in the process of making necessary investments to reconfigure the plant to adapt to the Mumbai-based automaker's existing and future vehicle platforms. The unit is adjacent to th

Sundram Fasteners posts 7% rise in Q3 net profit as global orders rise

Auto components firm says it is 'progressing well' despite macroeconomic challenges

Toyota Motor Corp's CEO Akio Toyoda to step aside, become chairman

Toyota Motor Corp. said Thursday that its CEO and president, Akio Toyoda, will become chairman. He will be replaced as CEO by the automaker's chief branding officer, Koji Sato. Toyota announced the leadership reshuffle without any forewarning, but it had a lively promotional video prepared to highlight Toyoda and Sato's love for electric vehicles and fast cars. Sato, 53, has been managing the Toyota group's Lexus brand operations and motor racing. Toyoda, grandson of Toyota's founder Kiichiro Toyoda, took over as CEO of Toyota in 2009. He will replace as chairman Takeshi Uchiyamada, who is giving up the title but will remain a representative director at the company. Toyoda had earlier hinted he was thinking about who might succeed him.

Maruti Suzuki's net profit in Q3FY23 more than doubles, revenue up 25%

Maruti Suzuki Q3 results: The company sold 465,911 vehicles in the quarter, up from 430,668 units the same quarter last year

Maruti Suzuki probing allegations of malpractices by executives: Report

The company has taken possession of the laptops and phones of the executives under the lens

General Motors' employee union sues global CEO Mary Barra: Report

The company has failed to pay the 1,086 workers it laid off in 2017 while exiting the Indian market

Auto aftermarket firm myTVS raises Rs 203 cr in funding from Lingotto

Company earlier got Rs 487 cr from Castrol India for business and technology collaborations

Severity of injuries worst among auto workers in Pune, shows SII report

Nearly 83 per cent incidents in Pune reported a loss of body part of the worker, as compared to 67 per cent in Haryana (Gurugram and Faridabad)

Ashok Leyland appoints Shenu Agarwal as new managing director, CEO

Shenu joins Ashok Leyland from Escorts Kubota Ltd, where he was president

Why auto makers recall faulty cars & how you'll be impacted if you own one

There is no replacement guarantee, usually only the defect will be fixed; cost of recall repair is borne by the manufacturer, but additional defects discovered during repair are to your account

Huge business potential in India, says Maruti Suzuki MD Hisashi Takeuchi

'We are celebrating 70 years of our cooperation. We have a long history of progression between the two countries'

Maruti Suzuki's Q2 suggests a big bounce for auto sector stocks

Revenue and net profit both were ahead of consensus estimates

FAME-II: Subsidies to Hero Electric, Okinawa halted for non-compliance

Centre has also asked Greaves Cotton's Ampere, Rattanindia's Revolt, Okaya and Jitendra EV to face an audit to be conducted by the Automotive Research Association of India (ARAI)

Hero Electric to set up Rs 1,200 crore manufacturing unit in Rajasthan

The greenfield facility by Hero Electric will be spread over 170 acres and have an annual capacity of manufacturing 2 million units

Gadkari to unveil India's first flex engine-run car on September 28

Flex engine is an internal combustion engine that can run on one fuel or a blended fuel, such as petrol mixed with ethanol