Page 8 - Auto Makers

Semiconductor shortage dampening festive spirit for electronics, auto firms

The global semiconductor shortage is hitting the Indian mobiles, consumer electronics and automotive sectors hard in the midst of the festive season when sales usually peak, with the automobile industry understood to have piled up around 5 lakh pending orders. While customers usually get bargain deals or handsome festive discounts during this period, this time they are paying higher for a host of items ranging from mobile handsets and TVs to cars due to the chip shortage. Freebies have vanished from most of the automotive showrooms as manufacturers struggle to meet demand. "If you look at the demand parameters, which is reflected in bookings or in queries, they are very good. However, the supply side this year unfortunately is a little muted because of this semiconductor issue. "That is the reason why the number of bookings have built up but supplies have not come," Maruti Suzuki India Senior Executive Director (Marketing & Sales) Shashank Srivastava told PTI. The auto industry, ..

United States decides not to open formal probe of Tesla battery fires

The available data indicate that noncrash battery fires in Tesla vehicles are rare events

FADA seeks clarity from Ford on compensation structure for dealers

Automobile dealers' body FADA has sought clarity from Ford about the compensation structure it is working out for its dealer partners after announcing the closure of its two manufacturing plants

Indian auto parts makers' shares gain on report of talks with Tesla

Shares of Indian auto parts suppliers rose as much as 14% following a report that Tesla was in talks with at least three companies to source critical parts for its planned entry into the country

FADA seeks policy to protect dealers from sudden exit of manufacturers

Also demands industry status for auto retail so it can access priority lending from banks, ECBs, financing from top lenders, PE investments, apart from getting more tax benefits

BMW says chip shortage, raw material prices to hit second half

BMW has so far been relatively less affected by the global chip shortage that some of its peers across the auto industry, which has been attributed to its strong relations with its supplier base

Honda Cars reports 12% rise in domestic sales at 6,055 units in Jul

Honda Cars India Ltd (HCIL) on Sunday reported a 12 year-on-year rise in domestic sales at 6,055 units for July. The company had sold 5,383 units in the domestic market during July 2020, HCIL said in a statement. Exports stood at 918 units last month, it added. "We achieved our production ramp-up from last week of July and have streamlined supplies in line with market activity. Barring few locations, dealer outlets were mostly operational last month, albeit with lesser capacity," HCIL Senior Vice-President and Director (Marketing & Sales) Rajesh Goel noted. He added that the market sentiment has improved amid prevailing lower coronavirus infection rate. "We expect the upcoming festive period will help the industry to maintain this momentum." However, the company will keep a closer watch on the challenges related to the pandemic and rising cost of acquisition of cars due to price hike from this month, he added.

Tata Motors plans to hike passenger vehicle prices from next week

The Mumbai-based auto major sells a range of passenger vehicles like Tiago, Nexon, Harrier and Safari in the domestic market.

Semi-conductor shortages: Why did Tata Motors' warning spook investors?

JLR acco­u­nts for half the company's global unit sales and nearly 80 per cent of its consolidated revenues

Fundamentals of demand remains strong: Y S Guleria of Honda Motorcycle

The head of sales at HMSI says with Covid-19 cases declining, good monsoon and bumper harvest, the sector might recover soon

Maruti Suzuki may halve production capacity as lockdowns hit sales

Maruti isn't the only carmaker feeling the pain

Huawei deepens dive into EVs, seeks control of small automaker: report

The push into smart cars, if finalised, would signal a major shift in business focus for Huawei

Porsche India reports 52% increase in sales at 154 units in Jan-Mar qtr

Porsche India also recorded the highest number of Macan SUVs sold in a quarter since 2015

Hyundai Q1 profit triples, to adjust May production due to chip shortage

Hyundai Q1 profit triples, to adjust May production due to chip shortage

Honda Cars recalls 77,954 units of some models to replace faulty fuel pumps

The firm started this exercise last year

Honda Motorcycle & Scooter sets up separate biz vertical for exports

The firm said it has set up an overseas business vertical to spearhead its exports from the country

Maruti logs highest ever sales of CNG cars at 157,000 units in FY21

Maruti Suzuki India (MSI) on Wednesday said it has sold over 1.57 lakh CNG cars in FY21, its highest ever in a fiscal. The auto major had sold 1,06,444 CNG units in 2019-20. MSI sells a range of factory-fitted CNG cars, including Alto, Celerio, Wagon-R, S-PRESSO, Eeco, Ertiga, Tour S and Super Carry. "We see CNG as a technology that has set a new benchmark in green fuel mobility. Maruti Suzuki offers its customers the widest options of factory- fitted CNG-powered cars. "At the same time, CNG is becoming one of the most preferred alternative fuels due to its economic cost of running (as compared to high prices of petrol and diesel) and improved CNG filling infrastructure," MSI Executive Director (Marketing & Sales) Shashank Srivastava said. With the government's clear focus on expansion of CNG outlets in the country, the company is confident of greater acceptance of factory-fitted CNG vehicles, even in challenging times, he added. MSI's S-CNG vehicle range is aligned to the ...

Top 5 best-selling car models from Maruti Suzuki stable in 2020-21

The country's largest carmaker Maruti Suzuki India on Tuesday said its models Swift, Baleno, WagonR, Alto and Dzire have emerged as best selling cars in 2020-21

Chinese tech giant Huawei to pump in $1 billion on car tech in 2021

Huawei is focusing on optimising its portfolio to boost business resilience

Home appliance, auto firms fear localised lockdowns will hit festive sales

Real estate companies remain optimistic on strong order book