Page 11 - Automakers

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

Maruti Suzuki April sales slip 6% to 150,661 units; exports climb 7%

The country's largest carmaker Maruti Suzuki India (MSI) on Sunday reported a 6 per cent decline in total wholesales to 1,50,661 units in April.

MG Motor India retail sales decline 22% to 2,008 units in April

MG Motor India on Sunday said its retail sales declined 22 per cent to 2,008 units last month compared to 2,565 in April 2021.

Toyota Kirloskar Motor sales rise by 57% to 15,085 units in April

Toyota Kirloskar Motor on Sunday said its dispatches to dealers rose by 57 per cent in April to 15,085 units from 9,600 in the same month last year.

Toyota to increase Urban Cruiser, Glanza prices on high input costs

At present, the Urban Cruiser is priced between Rs 8.88-11.58 lakh while the Glanza is tagged at Rs 6.39-9.96 lakh (ex-showroom Delhi), depending on the variants.

Global chip shortage: Hero Electric reports zero dispatches in April

The automotive industry is still struggling with international chip shortage leading to loss of production

Porsche sales in India rise 22% to 188 units in January-March quarter

The brand's SUV range comprising Cayenne and Macan continue their success in India and remain the most sold models in the range, the company said in a statement.

Luxury carmakers see accelerated demand for premium-end models in India

Luxury carmakers -- Mercedes-Benz, Audi and BMW, are witnessing accelerated demand for their models at the premium-end in India, leading to longer waiting periods amid supply constraints