Page 9 - Auto Makers

Wait for car models gets longer as chip shortage deepens in industry

Car dealers are losing 20 per cent of their monthly sales as models can't be supplied on time, says industry association.

Auto components maker Rolex Rings Ltd submits IPO papers with Sebi

Auto-components maker Rolex Rings Ltd has filed preliminary papers with capital markets regulator Sebi to launch an initial share sale

Auto giant Tata Motors forays into company and economy ambulance segment

Tata Motors on Friday said it has launched a patient transport ambulance, designed specifically for healthcare mobility in the economy ambulance segment. The Magic Express ambulance is designed to support medical and health related services, which assumes significance especially during the COVID-19 pandemic, Tata Motors said in a statement. The compact dimensions of the vehicle enables easy manoeuvrability on Indian roads, resulting in speedy movement of patients requiring emergency care, thereby saving lives, it added. With the introduction of the Magic Express Ambulance, Tata Motors fulfils its commitment to provide the best healthcare mobility solutions. The company has been working closely with the medical fraternity to understand the requirements, and we have tailor-made a vehicle that perfectly ticks all the boxes when it comes to patient transportation," Tata Motors Vice President, Product Line (SCV & PU) Vinay Pathak said. With the introduction of the new segment, the ...

Maruti Suzuki Brezza crosses cumulative sales of 600,000 units in 5 yrs

The country's largest carmaker Maruti Suzuki (MSI) on Thursday said its compact SUV Vitara Brezza has crossed 6 lakh units cumulative sales mark since making its debut in the market five years ago. The auto major had introduced the model in March 2016. "The country's best-selling compact SUV has further strengthened its position as the market leader with the sales of six lakh units. This is a testimony of our customers' elevated support and love for the brand, especially in a segment which is traditionally diesel driven," MSI Executive Director (Marketing & Sales) Shashank Srivastava said in a statement. The model comes with a 1.5 litre petrol engine mated with five-speed manual and four-speed automatic transmissions.

Tata Motors total sales surge 51% at 61,365 units in February

The auto major reported a 21 per cent increase in total commercial vehicle sales

French auto maker Citroën's challenging debut in Indian SUV market

The success of the storied French car brand, which enters the crowded Indian SUV market next month, will depend on its agility and speed to market

PV retail sales dip 4% in Jan as semiconductor shortage impacts vertical

Automobile dealers' body FADA on Tuesday said passenger vehicle (PV) retail sales in January witnessed a year-on-year decline of 4.46 per cent to 2,81,666 units

Vehicle registrations in January declines over 9% from last year

Vehicle registrations in January 2021 declined 9.66 per cent on a year-on-year (YoY) basis

Minda Industries posts over two-fold jump in Q3 profit at Rs 121 cr

Minda Industries on Thursday reported an over two-fold jump in consolidated profit after tax at Rs 121 crore in the third quarter ended December 2020

Auto margins could come under near-term pressure on higher duties

Commercial vehicle companies to gain the most on scrappage, bus orders and infra boost

Margin pressures outweigh volumes, may keep Maruti Suzuki stock subdued

The company is cautious on passing on raw material cost hikes to protect volumes

Toyota beats Volkswagen to become world's top selling automaker in 2020

Toyota said on Thursday its group-wide global sales fell 11.3% to 9.528 million vehicles in 2020. That compared with a 15.2% drop at Volkswagen to 9.305 million vehicles

Airlines, steel companies, auto makers race to get vaccine for staff

Companies are asking their employees to be termed as essential workers and are in talks with vaccine makers for bulk procurement

Road ahead for auto industry: Economic recovery holds key to revival

Cautious optimism rules four-wheeler mindset, pain seen lingering in two-wheeler segment

Bajaj Auto 'very confident' super premium motorcycles to keep strong run

Pune based firm will invest Rs 650 crore in a new facility in Chakan near Pune for the segment

Maruti Suzuki sees 'much better' 2021 as economy rebounds: Chairman

Sales of cars and sport utility vehicles typically increase every year in the run up to Diwali

Volkswagen boosts investment in electric, autonomous car tech to $86 bn

Volkswagen said it would allocate nearly half its investment budget of 150 billion euros on e-mobility, hybrid cars, a seamless, software-based vehicle operating system

Steel set to get costlier by 10-20% for auto manufacturers amid recovery

Though steel companies had to wait to finalise prices, the wait may have proved advantageous for them. Prices have been on an upswing since the country started unlocking

Over 200,000 central govt employees on auto makers' radar after LTC scheme

Many staffers may may want to take home a car, as scheme comes during the festive season when people are looking at buying big-ticket items

How multinational carmakers are being squeezed out of Indian market

The combined market share of these multinationals (MNCs) declined to 21.3 per cent in FY20 from a record high of 28.1 per cent in FY17