Page 18 - Automakers

Cabinet clears Rs 26,000-cr PLI scheme for auto sector to boost production

Over a period of five years, the PLI scheme for the auto sector will lead to fresh investments of over Rs 42,500 crore and incremental production of over Rs 2.3 trillion

Skoda Auto plans to set up 30 'compact workshops' pan-India by this year

The firm announced its plans to set up 30 'compact workshops' pan-India by this year for providing periodic maintenance and servicing requirements to its customers in the domestic market

BMW drives in new trims of X5 with price starting at Rs 77.9 lakh

German luxury carmaker BMW on Monday said it has launched the new variants of its premium SUV X5

Tata Motors drives in CNG version of Tata 407 at Rs 12.07 lakh

Tata Motors on Monday said it has launched the CNG version of its light commercial vehicle Tata 407 priced at Rs12.07 lakh (ex-showroom, Pune). Tapping into the benefits of CNG, the vehicle offers profits of up to 35 per cent over the diesel variant, Tata Motors said in a statement. The vehicle comes with a 10-feet load deck and further strengthens the company's extensive CNG portfolio, ranging from 5-tonne to 16-tonne gross vehicle weight (GVW), in the intermediate and light commercial segment, it added. "With a steep increase in diesel prices, CNG vehicles have the potential to increase the profit potential significantly, and we are confident that the 407 CNG, in addition to the widest CNG range offered by Tata Motors, will bring a lot of value to our customers," Tata Motors Vice President (Product Line I&LCV) Rudrarup Maitra said. Arguably the most legendary commercial vehicle in India, with over 35 years legacy, the vehicle has consistently remained a customer-favourite, ...

Electric carmaker Tesla pushes its full self-driving Beta v10, says report

This is a version that CEO Elon Musk called "mind-blowing"

Top headlines: SC refuses to defer NEET exam; NMDC reduces prices

Business Standard brings you the top stories this evening

'Happened rapidly': How a single Covid case rocked world's biggest carmaker

Toyota slashes output in September by 40%: a fallout of a series of disruptions that started when a worker at a supplier's plant in Vietnam tested positive for Covid.

Automobile sales skid on chip shortage; dealers stare at supply crunch

Maruti reported a 19% decline in total sales at 130,699 units in August, as against 162,462 units in the previous month

Maruti expects Sept production at 40% of normal output due to chip shortage

The usage of semiconductors in the auto industry has gone up globally in recent times

MG revs up on smaller cars to play the long game in Indian market

A smaller SUV and a sub-four-metre car are in the works

Tata Motors gets NCLT nod for hiving off PVs business into separate entity

The company's management has so far stated that it has not taken a decision on a partner.

Automobile dealers seek protection from sudden exits by global auto makers

FADA on Tuesday asked government to put in place a system to protect dealers from sudden exits by multinational manufacturers, saying it hampers entrepreneurship also hurts India's brand value.

Not a right time to implement next stage of emission norms: Maruti Suzuki

"I don't think it is the right time (to implement) the new stage of CAFE (Corporate Average Fuel Efficiency) norms," MSI Chairman R C Bhargava told PTI

Citroën C5 Aircross is a comfy but pricey launch by the French car-maker

The C5 Aircross is a comfy but pricey launch by the French car-maker

Stricter emissions rules will hit car sales, says Maruti Suzuki chairman

Automakers last week urged the government to defer tougher emissions standards

India considering sharp import tax cuts on EVs after Tesla lobbying: Report

For imported EVs with a value of less than $40,000, the govt is discussing slashing the tax rate to 40% from 60% presently, say officials aware of the development

Hyundai eyes further gains in domestic market with SUVs ruling the roost

Hyundai India expects its SUV range to gain traction in the domestic market with demand for personal mobility gaining momentum post the second wave of Covid-19, according to a senior company official

Mahindra & Mahindra Q1 consolidated net loss after tax at Rs 332 cr

Mahindra & Mahindra on Friday reported a consolidated net loss after tax from continuing and discontinued operations at Rs 331.74 crore in the first quarter ended June 30. The company had posted a consolidated net profit after tax from continuing and discontinued operations at Rs 54.64 crore in the first quarter last fiscal, M&M said in a regulatory filing. Consolidated revenue from operations stood at Rs 19,171.91 crore, as against Rs 11,969.04 crore in the same period last fiscal, it added. M&M said it has ceased consolidating Ssangyong Motor Co (SYMC) as a subsidiary from December 28, 2020 and has classified it as discontinued operations for all periods presented. SYMC has applied to the Bankruptcy Court in South Korea for rehabilitation proceedings and has been admitted in the Autonomous Rehabilitation Support (ARS) program. During the quarter, the company said the automotive segment had a revenue of Rs 6,050 crore, while the farm equipment segment clocked revenue of ..

Kia takes less than 2 years to cross 300,000 cumulative sales mark in India

Kia India on Thursday said it has become the quickest brand in the country to cross three lakh cumulative sales mark in the country.

Maruti reports 58% increase in July production at 1,70,719 units

The company had produced a total of 1,07,687 units in the year-ago period