Page 7 - Auto Makers

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

TVS Motor sales drop 5% to 3,07,954 units in March

Total sales of two-wheeler were lower at 2,92,918 units last month as against sales of 3,07,397 units in March 2021

Commodity crisis: Toyota to raise prices by up to 4% from April

"As a committed and customer-centric company, TKM has made all conscious efforts to minimise the impact of rising costs on consumers," said TKM Spokesperson in a statement

Renault SA, Nissan Motor outline $26-billion electric vehicle plan

The funds will be spent over five years to roll out 35 new battery-powered cars

Lamborghini hits the brakes on production of combustion cars

The Volkswagen AG brand with the track-focused Aventador, Huracan and Urus SUV models will unveil its first production car with a plug next year before electrifying its full offering by 2024

Europe car sales plunge 22%, punctuating worst year in decades

Sourcing enough semiconductors will remain arduous this year, and the pandemic continues to weigh on consumer confidence.

Mercedes-Benz aims to accelerate sales of electric vehicles in India

With plans afoot to locally assemble its all-electric sedan EQS in India, luxury carmaker Mercedes-Benz is looking to accelerate sales of electric vehicles in the country, according to a senior company official. Mercedes-Benz India plans to bring to the market the locally assembled EQS electric sedan in the fourth quarter of 2022 to add to the all-electric SUV EQC, which was launched as a fully imported unit in October 2020 priced at Rs 1.07 crore. "We have taken a step by step approach in developing electric vehicle strategy in India. EQC was first available in six markets in India and gradually expanded. Now we are in 50 cities with the EQC and the next step is to expand the portfolio with a car, which we believe has a stronger volume appeal and producing it locally," Mercedes-Benz India Managing Director & CEO Martin Schwenk told PTI. Elaborating further on the electrification plans, he said, "When we did the rollout of the brand EQC we actually looked into what safe numbers we

Tesla recalls over 475,000 US cars on technical defects: Report

Tesla is also recalling as many as 119,009 Model S cars assembled from 2014 because of a faulty front-trunk latch

e-Ashwa Automotive launches range of electric two-wheelers

The new low-speed two-wheelers can run up to 25km/hour with a mileage of 70-100 Km

ICRA cuts growth forecast for passenger vehicle industry to 8-11% for FY22

For the two-wheeler segment, it said the volumes are expected to contract by 1-4 per cent in FY2022 against an earlier prediction of 6-8 per cent growth

Examining scope for India launch of 50-yr-old Jimny brand: Maruti Suzuki

The auto major currently manufactures three-door Jimny at its Gurugram plant and exports to Middle East and African markets.

Volkswagen expects to double pre-owned car sales to 20,000 units this year

Volkswagen entered the used car market in 2012

MG Motor India to drive in electric vehicle at Rs 10-15 lakh by next fiscal

At present, the company sells electric SUV 'ZS EV' which is available in two variants

Majestic shareholders reject re-appointment of Aashim Munjal as director

Majestic Auto had sought nod from the shareholders at its AGM held on November 29, 2021

Bharat Forge arm hikes stake in electric two-wheeler maker Tork

The EV maker had a turnover of Rs 4.3 crore in 2020-21

Ford partners with GlobalFoundries to increase chip supplies

The two companies announced a non-binding agreement that could involve increasing production capacity for Ford's current lineup

'Next Tesla' tag takes Rivian to $90-billion value without sales

Rivian is the world's fifth-largest automaker by market cap having delivered only a few electric vehicles to customers

Boom Motors forays into EV space; rolls out Boom Corbett at Rs 89,999

The bike features a 2.3 kWh- which can optionally be doubled to 4.6 kWh - giving the vehicle a best-in-class range of up to 200 kms

AM/NS India settles contracts with major auto OEMs at 8-9% price hike

Steel accounts for about 8-9 per cent of the selling price of a car, according to steel industry sources

Volvo Cars reports 48% jump in retail sales in Jan-Sep period

The Swedish automaker sold 1,270 units in the first three quarters of the year as compared with 856 cars in the same period of last year.