Page 20 - Automakers

Higher subsidy under FAME II to be key in adoption of EVs, say makers

In the latest modification, the department of heavy industries also capped incentives for electric two-wheelers at 40 per cent of the cost of vehicles, up from 20 per cent earlier.

Passenger vehicle sales dip 66% in May amid Covid disruptions: SIAM

Sales fell to 88,045 units

Skoda Auto launches new version of Octavia, price starts at Rs 25.99 lakh

Skoda Auto India on Thursday launched the new version of its premium sedan Octavia with price starting at Rs 25.99 lakh. The fourth-generation Octavia is powered by a 2-litre petrol engine delivering power of 190 PS and returning fuel efficiency of 15.81 km/litre, Skoda Auto India said in a statement. It is available in two variants -- Style priced at Rs 25.99 lakh and Laurin & Klement tagged at Rs 28.99 lakh (ex-showroom India). Skoda Auto India Brand Director Zac Hollis said when Octavia was introduced 20 years ago, it changed the dynamics of the executive sedan segment - "one that continues to offer significant growth potential, catering to a burgeoning class of discerning buyers with a penchant for luxury, as well as the right value proposition". "Having retained its characteristics of design, safety, technology, performance, space and comfort, the allnew Octavia is a compelling combination and will continue to drive Skoda Auto's success in the Indian market," he added. The ..

Former Volkswagen boss to pay firm $13 million over diesel scandal

This is in connection to his failure to quickly get to the bottom of the scandal over diesel engines rigged to cheat on emissions tests.

Tata Motors to discontinue select variants of compact SUV Nexon.

At present, Nexon is available in 20 variants offering product propositions at different price points

General Motors raises forecast, says chip shortage not as bad as feared

Full-year net income is expected to be between $6.8 billion and $7.6 billion.

Mercedes shifts retail sales structure in India to direct-to-customer model

The move is aimed at bringing better financial health for its dealer partners while offering customers uniform transparent price, a wider choice of vehicles and a seamless purchasing experience.

Mahindra CEO expects car sales to take 2 years to rebound after Covid shock

Anish Shah said sales would rebound by fiscal year 2023 if a majority of the country's population is inoculated and new Covid cases ease

Ford declares 'no production days' on May 28, 29 at Tamil Nadu plant

Ford India, the subsidiary of US auto-maker Ford, on Thursday said it would observe 'no production days' on May 28 and 29

2-wheelers to account for 8-10% of sales by 2025; 30% by 3-wheelers: ICRA

The electric two and three-wheelers volume are expected to account for 8-10 per cent and 30 per cent of new vehicle sales in the country by 2025, respectively: Report

Royal Enfield to shut manufacturing plants for three days amid Covid crisis

Tamil Nadu is one of the worst hit states with more than 30,000 cases a day last week.

Automakers unlikely to go full throttle amid Covid-related uncertainties

While most have resumed production, ramp up will be staggered one and will be a third of the levels in January and February

Chip shortage crisis enters 'danger zone', wait time reaches all time high

The gap between ordering a chip and taking delivery increased to 17 weeks in April, according to one research.

TVS Motor announces two key leadership changes at Norton Motorcycle

Robert Hentschel named CEO of the Solihull-based motorcycle brand; Vittorio Urciuoli takes over as CTO

Bajaj Auto's new HR policy reaches out to families of Covid ravaged staff

It will offer monetary support, education and insurance to kin of deceased employees

Lockdowns drag down vehicle registration to 9-month low in April: FADA

Development derails the recovery that had begun in June 2020

Hero Motocorp to launch first electric two-wheeler in first half of 2022

The company last month had tied up with Taiwanese electric two-wheeler maker Gogoro to accelerate the shift to sustainable electric mobility

Luxury carmaker Ferrari first quarter profits rebound, pushes 2022 targets

The carmaker said that it won't hit 2022 financial targets due to the impact of the coronavirus pandemic

Covid: Amid localised lockdowns, auto firms log subdued sales in April

Major automobile manufacturers Maruti Suzuki, Hyundai Motor, Tata Motors and Kia on Saturday reported a decline in passenger vehicle sales in April compared to March this year as the second wave of the coronavirus pandemic hit dispatches. However, Mahindra & Mahindra along with Honda Cars India posted sequential growth in their passenger vehicle sales last month. Sales in April this year are not comparable with that of the corresponding month a year ago as companies had reported zero sales due to the nationwide lockdown imposed to curb the outbreak of the COVID-19 pandemic in the country. The country's largest carmaker Maruti Suzuki India (MSI) reported a 4 per cent decline in total sales to 1,59,691 units in April as compared to 1,67,014 units in March this year. Similarly, Hyundai Motor India Ltd (HMIL) posted total sales of 59,203 units in April 2021, a decline of 8 per cent from 64,621 units it had sold in March this year. HMIL Director (Sales, Marketing and Service) Tarun ...

Volkswagen expects chip supply to remain tight in coming months

The head of the carmaker's namesake brand was quoted as saying on Saturday.