Page 20 - Automakers

Nissan bets on UK 'renaissance' with battery plant and new vehicle

Facing the most profound technological shift in a century, the titans of the auto industry are racing to secure battery supply close to the factories where they will make the new cleaner electric vehi

Hyundai India total dispatches increase to 54,474 units in June

Hyundai Motor India Ltd (HMIL) on Thursday reported total sales of 54,474 units in June, up 77 per cent from 30,703 units in May, recovering from disruptions induced by the second wave of COVID-19. The automaker's domestic dispatches to its dealerships stood at 40,496 units last month, as compared to 25,001 units in May this year, the automaker said in a statement. Exports rose to 13,978 units in June, as against 5,702 units in May, it added. "With markets opening up and improvement in customer sentiments, the company is committed to deliver innovative and world class quality products and services meeting and exceeding customers aspirations," HMIL Director (Sales, Marketing & Service) Tarun Garg noted. The newly launched model Alcazar, has been receiving tremendous customer response setting some new benchmarks in the industry, he added.

ICRA expects 12-14 pc growth for two-wheeler sales this fiscal

Ratings agency ICRA on Thursday maintained its growth forecast for two-wheeler sales at 12-14 per cent for the ongoing fiscal

Tata Motors dispatches in domestic market rise to 43,704 units in June

Domestic sales increased by 78 cent from the prior month

Maruti Suzuki posts 3-fold rise in total sales at 147,368 units in June

Sales of mini cars, comprising Alto and S-Presso, rose to 17,439 units in June as against 4,760 units in May this year.

Shares of Bajaj Auto gain nearly 3% after big jump in June sales

Shares of Bajaj Auto on Thursday gained nearly 3 per cent after the company reported 24 per jump in its total sales in June 2021. The stock jumped 2.82 per cent to Rs 4,250 on BSE. On NSE, it gained 2.80 per cent to Rs 4,250. Bajaj Auto on Thursday reported 24 per jump in its total sales at 3,46,136 units in June 2021. The company had sold 2,78,097 units in the same month a year ago. Domestic sales in June this year were at 1,61,836 units as against 1,51,189 units, up 7 per cent, Bajaj Auto said in a regulatory filing. Total motorcycle sales stood at 3,10,578 units, an increase of 22 per cent, as compared to 2,55,122 units sold in June last year.

BMW boosts corporate venture investment pool to $900 million

BMW i Ventures, based in Mountain View, California, will manage the fund

French automaker Renault raises targets for share of electric vehicles

Renault Chief Executive Luca de Meo said Renault planned 10 new electric models by 2025

Motown gears up for fast-lane drive as second wave of Covid-19 abates

India Inc faltered in Q1 of this financial year due to the second wave of the pandemic. What do the prospects for Q2 look like? The first of a four-part series looks at the automobile industry

Nissan Motor CEO says performance for April, May better than expected

Nissan Motor Co's financial performance in April and May was better than expected, the automaker's president said at the annual general meeting (AGM) on Tuesday

Automakers initiate production ramp-up with easing of Covid restrictions

According to SIAM data, overall vehicle production in May declined by 57 per cent to 8,06,755 units

Maruti cuts Eeco ambulance price by Rs 88k as govt reduces GST

The GST rate on Eeco ambulance has come down to 12 per cent from the earlier rate of 28 per cent.

Amid Covid, foreign carmakers in India face tough investment choices

Premium carmakers hit hardest by pandemic in India; Higher taxes, export uncertainty add to challenges

Automaker Kia to expand sales of electric vehicles in Europe with Uber

Kia is planning to strengthen the partnership by offering electric cars to Uber drivers in 20 Europe countries.

Spain hopes to jumpstart electric car industry with European Union funds

Spain produced 2.2 million cars and trucks in 2020, second only to Germany in Europe. But only 140,000 of these were electric or hybrids

Hyundai to halt US plant for three weeks on chip shortage, maintenance

Hyundai Motor, South Korea's biggest carmaker by sales, said on Monday it will suspend its US plant for three weeks due to lack of semiconductors and routine maintenance

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.