Page 9 - Auto Makers
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.
 "Maruti Suzuki Brezza crosses cumulative sales of 600,000 units in 5 yrs")
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
 "Tata Motors total sales surge 51% at 61,365 units in February")
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
 "French auto maker Citroën's challenging debut in Indian SUV 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
 "PV retail sales dip 4% in Jan as semiconductor shortage impacts vertical")
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
 "Vehicle registrations in January declines over 9% from last year")
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
 "Minda Industries posts over two-fold jump in Q3 profit at Rs 121 cr")
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
 "Margin pressures outweigh volumes, may keep Maruti Suzuki stock subdued")
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
 "Toyota beats Volkswagen to become world's top selling automaker in 2020")
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
 "Airlines, steel companies, auto makers race to get vaccine for staff")
Road ahead for auto industry: Economic recovery holds key to revival
Cautious optimism rules four-wheeler mindset, pain seen lingering in two-wheeler segment
 "Road ahead for auto industry: Economic recovery holds key to revival")
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
 "Bajaj Auto 'very confident' super premium motorcycles to keep strong run")
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
 "Volkswagen boosts investment in electric, autonomous car tech to $86 bn")
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
 "Steel set to get costlier by 10-20% for auto manufacturers amid recovery")
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
 "Over 200,000 central govt employees on auto makers' radar after LTC scheme")
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
 "How multinational carmakers are being squeezed out of Indian market")
Auto dealers looking at rationalisation of infrastructure, manpower: FADA
Kia Motors and Toyota Kirloskar Motor met expectations of their dealers better than other companies in the passenger vehicle segment during the Covid-19 lockdown, FADA said
India open to raising duties on auto imports to boost local production
Modi government wants companies to reduce imports, increase domestic production and play a bigger role in the global supply chain in an effort to make the country more self-reliant
 "India open to raising duties on auto imports to boost local production")
Gadkari asks automakers to build flex-engines to promote alternative fuel
Alternative fuel like ethanol, methanol, bio diesel, electric and bio CNG besides LNG were the fuel for future and should be promoted, he said and added a roadmap was being readied for fuel policy
 "Gadkari asks automakers to build flex-engines to promote alternative fuel")
