Page 10 - Automakers

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

Lambo accelerates India plans, goes full throttle on Tier-I, -II cities

The Italian carmaker launched the two-seater track-focused performance car, the Huracán Tecnica, four months after its global unveiling

Mahindra to unveil Scorpio Classic's price tomorrow; check details here

According to a media report, the new and updated SUV comes with a restyled front bumper, Mahindra's 'twin-peaks' logo, and new LED DRLs

GM recalls 484k big SUVs to prevent third-row seat belts malfunction

The automaker says in documents posted by US safety regulators that rivets that hold the buckle to the mounting bracket on the left- and right side third-row seats may have been formed improperly.

New Royal Enfield Bullet 350 likely to launch today: Check specs and prices

The all-new Royal Enfield Bullet 350 will be based on Royal Enfield's J-platform, which is the same that is employed by the Meteor 350 and the new Classic 350

Automakers drive into the metaverse to cater to digitally savvy customers

Marquee car companies are launching virtual reality platforms to cater to digitally savvy younger customers

Kia India crosses 500,000 sales mark in less then 3 years of commencing ops

With its strong performance in the Indian market, the company now contributes more than 6 per cent to the global sales of Kia Corporation, the automaker stated.

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

SUVs to tractors: M&M not taking foot off pedal, on recovery road

Favourable agri macros, improving SUV demand, and easing commodity prices augur well for automaker

Ford Motor recalls nearly 3 mn US vehicles over rollaway concerns

Ford said it is aware of six reports alleging property damage and four reports of injuries potentially related to the recall population

Indian automakers beat Covid woes as sales in May surpass 2019 levels

However, executives warn of rising inflation's impact on demand

Automakers see robust domestic dispatches in May as demand remains strong

Leading caramakers Maruti Suzuki, Hyundai and Tata Motors reported robust dispatches to dealers in May on the back of strong demand for passenger vehicles across regions, even as the global semiconductor shortage continued to impact production. Mahindra & Mahindra, Kia India, Toyota Kirloskar Motor, Honda Cars and Skoda also witnessed strong demand for their models last month. The month of May also witnessed Tata Motors race ahead of Hyundai in terms of domestic wholesales. The country's largest carmaker Maruti Suzuki India (MSI) said its domestic sales stood at 1,34,222 units in May. The company had dispatched just 35,293 units in May 2021 amid the second wave of COVID-19 pandemic in the country. The period saw massive disruptions which impacted both production and sale of cars. "The basic parameters of demand in terms of enquiries, bookings remain robust. However, supply chain issues remain and there is no clear visibility by when things will normalise," MSI Senior Executive ..

Auto companies ring up higher net sales, profits in March quarter

Semiconductor shortage and high commodity prices dent margins

From sneakers to Teslas, China lockdowns upend global supply chains

While "supply-chain disruption" is emerging once more as the most repeated phrase of corporate earnings season, the impact goes beyond multinationals' profits

Lower taxes on hybrid cars can speed up India's EV adoption: Honda

The automaker noted that hybrid technology is currently best suited for Indian conditions as it is not dependent on external charging infrastructure.

Audi commences bookings for new flagship sedan A8 L priced at Rs 10 lakh

With a combination of the 3-litre petrol powertrain, 48V mild-hybrid system and quattro all-wheel drive, the new Audi A8 L delivers exhilarating driving dynamics, the automaker said in a statement

Auto industry not out of woods, RBI's move to make loans costlier: FADA

Comparing the auto sales in April 2022 with that of April 2019 FADA President Vinkesh Gulati said the sector is still not out of the woods as overall retails were down by minus six per cent.

Mumbai police urge automakers to lower decibel limit of vehicle horns

The city police are also taking action against loud honking by vehicle drivers

Auto industry fails to pick up pace as chip shortage hurts production

Fresh chip scarcity may result in 4th straight year contraction in volumes

E-scooter sales slow down as global chip shortage woes continue

The largest drop has been in Hero Electric, one of the largest players in the market