Page 18 - Automakers

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

Focus on rollout of flex-fuel vehicles in a year: Gadkari to automakers

Gadkari also appealed to vehicle manufacturers to compulsorily provide a minimum of six airbags across all variants and segments of a vehicle.

Chip shortage hits global manufacturing; electronics firms affected

A global semiconductor chip shortage has caused a major delay in manufacturing activity, with electronic device makers struggling to keep up with a pandemic-led surge in demand for phones, TVs

Tata Motors launches Tata Ace trim with price starting at Rs 3.99 lakh

Tata Motors on Thursday said it has launched a new variant of its small commercial vehicle (SCV), the Ace Gold Petrol CX, with price starting at Rs 3.99 lakh (ex-showroom). Available in two variants, the flat bed variant is priced at Rs 3.99 lakh, while the half deck load body variant is tagged at Rs 4.10 lakh. Tata Motors said it has partnered with the State Bank of India to provide finance options to its customers to buy the model. "The Tata Ace continues to be a strong, reliable and multipurpose vehicle having provided means of livelihood to over 23 lakh Indians to date. Resonating the Government's Aatmanirbhar Bharat vision, Tata Motors aims to inspire an entrepreneurial mindset through the launch of this vehicle," Tata Motors Vice President (Product Line SCV and PU) Vinay Pathak said. The Tata Motors' Ace platform has exponentially evolved over the last 16 years, focusing on bringing safer, smarter and valuable offerings to its customers in last-mile transportation, he ...

Skoda to expand presence to100 cities in India by next month

Some of the new cities where the brand is making a foray include Sangli, Bhilwara, Faridabad, Panchkula, Navsari, Vapi and Hardoi, among others.

Auto component industry revenues to grow by 20-23% in FY22: Icra

Indian auto component industry is expected to post 20-23 per cent revenue growth in the current fiscal aided by strong exports and recovery in the domestic market, as per rating agency Icra.

Maharashtra's new EV policy sets 10% share in total registrations by 2025

The new policy, which has updated the one announced in 2018, was released by Additional Chief Secretary (Transport) Ashish Singh and state environment minister Aaditya Thackeray and others here.

Debt-ridden SsangYong Motor to sell plant site in rehabilitation efforts

The company has been under court receivership since April, as its Indian parent, Mahindra & Mahindra, failed to secure a buyer for its 75 percent stake in the automaker.

Chip shortage pushes China automobile sales down 12.4% in June

A global shortage of semiconductors hit autos production in the world's biggest car market.

BMW pays 373 million euro fine to settle European Union emissions probe

The carmaker said it had paid a 373 million euro ($441 million) fine over collusion on setting standards for the Adblue additive used in diesel cars

Tata Motors global wholesales at 2,14,250 units in first quarter

Tata Motors on Thursday said its global wholesales, including that of Jaguar Land Rover, rose to 2,14,250 units in the first quarter of the current fiscal.

Vehicle retail sales rise in June, says auto industry body FADA

The vehicle retail sales rose to 12,17,151 units last month from 9,92,610 units sold during June 2020.

Bajaj Auto reduces price of Dominar 250 by Rs 16,800 to Rs 154,176

Bajaj Auto on Tuesday said it has reduced price of Dominar 250 bike by Rs 16,800 to Rs 1,54,176 (ex-showroom Delhi). The newly announced price on Dominar 250 is expected to grow the franchise further by encouraging customers to take their first step into the world of touring, the Pune-based company said in a statement. The Dominar 250 comes with a 248.8 cc petrol engine. "We, at Bajaj Auto, believe that touring on a bike opens the doors to a world of 'real' experiences that widens your perspective and shapes one's character. We realise that biking for youngsters can be so much more than just street fun if the bike comes with the right dose of performance, sharp design and a superior riding experience," Bajaj Auto President (Motorcycle Business) Sarang Kanade noted. In times of price hikes across the industry, the company has taken a stance of reducing price on Dominar 250 and make sports touring more accessible, he added. Bajaj had launched Dominar 250 in March 2020 with the missi

TVS Motor expects swift recovery from disruptions due to Covid

The firm believes it is now better prepared to tackle supply-chain issues

Ashok Leyland expects plants to be operational for 6-25 days in July

The Chennai-based company noted that the overall market demand in July is better than in June this year.

Honda plans to hike vehicle prices from August as input costs go up sharply

The company is currently working out the details of the price hike which would be implemented from August

Ather Energy in expansion mode, targets to increase production

The firm is bullish over long-term growth prospects of green mobility solutions in the country