Page 6 - Auto Makers
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)
 "FAME-II: Subsidies to Hero Electric, Okinawa halted for non-compliance")
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
 "Hero Electric to set up Rs 1,200 crore manufacturing unit in Rajasthan")
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
 "Gadkari to unveil India's first flex engine-run car on September 28")
We're reading too much into weak two-wheeler demand: Hero Moto exec
The optimism is in contrast with the dealers' confidence, which flagged the recovery in motorcycles and scooters "as an area of concern"
 "We're reading too much into weak two-wheeler demand: Hero Moto exec")
August auto sales see record jump on easing chip shortage, new launches
Cumulative dispatches at India's top seven passenger vehicle makers rose 30.2% year-on-year to 329,300 units from 260,450 units, shows the monthly sales data released by the companies on Thursday
 "August auto sales see record jump on easing chip shortage, new launches")
M&M won't pump more funds into Pininfarina, seeks external investors
The firm is also "closely monitoring" Peugeot Motorcycles, Mahindra Trucks & Buses and Construction Equipment businesses as their "performance is below expectation"
 "M&M won't pump more funds into Pininfarina, seeks external investors")
Maruti Suzuki to launch new Alto K10 on Thursday; check design, features
After almost a decade since the current model was introduced, the new Alto K10 is receiving a big update.
 "Maruti Suzuki to launch new Alto K10 on Thursday; check design, features")
Hero MotoCorp: Q1 disappoints, but there's hope of a better second half
Volumes and margins are expected to improve on the back of a good monsoon and decline in raw material costs, respectively
Consumer firms hint at a breather from price hikes as costs decline
According to economists, inflation is likely to ease by October as the monsoons have been progressing well with the cumulative rainfall being 9 per cent above the long-term average up to July 12
 "Consumer firms hint at a breather from price hikes as costs decline")
Sundram Fasteners' net profit rises 14.5% to Rs 138.03 cr during June qtr
The company's revenue from operations for the quarter ended June 30, 2022 came in at Rs 1,410.12 crore
 "Sundram Fasteners' net profit rises 14.5% to Rs 138.03 cr during June qtr")
Ford India sets Aug 10 deadline for employees to conclude severance talks
Ford India had increased its offer from 87 days to 124 days of average equivalent wages per completed years of service
 "Ford India sets Aug 10 deadline for employees to conclude severance talks")
Hybrids vs Electric vehicles battle to hot up in India's car market
The strong hybrids offer a great solution over pure EVs, as they take care of all the barriers of the pure EVs, maintain Japanese carmakers
 "Hybrids vs Electric vehicles battle to hot up in India's car market")
Mahindra & Mahindra reveals new Scorpio-N's automatic, 4WD prices
Mahindra will open bookings on July 30 and the prices are applicable only for the first 25,000 buyers
 "Mahindra & Mahindra reveals new Scorpio-N's automatic, 4WD prices")
Auto firms to report muted Q1 earnings on high raw material prices
Analysts expect companies to fare better in the September quarter (Q2 FY23) as moderation in prices of raw materials starts having an impact
 "Auto firms to report muted Q1 earnings on high raw material prices")
Maruti Suzuki lines up Rs 5,000 crore capex for current fiscal year
Maruti Suzuki India (MSI) has lined up Rs 5,000 crore capex for various initiatives, including new product launches, for the current financial year, according to a senior company official.
Hyundai Motor total sales decline 5% in April; exports up to 12,200 units
Hyundai Motor India on Sunday reported a 5 per cent decline in total sales at 56,201 units in April 2022.
 "Hyundai Motor total sales decline 5% in April; exports up to 12,200 units")
Skoda Auto India expands its pre-owned car biz to over 100 dealerships
Till date more than 2,500 used cars have been delivered through the company's Certified Pre-Owned network
 "Skoda Auto India expands its pre-owned car biz to over 100 dealerships")
Multiple EV models planned, will target No 1 position: New Maruti Suzuki MD
Hisashi Takeuchi confirmed that multiple EV models would follow in due course once the company launches its first EV in 2025
 "Multiple EV models planned, will target No 1 position: New Maruti Suzuki MD")
Japan's Honda outlines strategy to forge ahead on electric vehicles
Honda is investing 5 trillion yen ($40 billion) over the next decade in research, especially to realize a major shift to ecological electric vehicles, the Japanese automaker said Tuesday.
 "Japan's Honda outlines strategy to forge ahead on electric vehicles")
Maruti Suzuki to hike prices this month; recalls nearly 20,000 Eeco vans
Over the past year, the cost of the company's vehicles continued to be adversely impacted due to increase in various input costs, the auto major said in a regulatory filing
 "Maruti Suzuki to hike prices this month; recalls nearly 20,000 Eeco vans")