Page 22 - Automakers

Auto major Hyundai crosses 1 million sales mark for SUVs made in India

South Korean auto major Hyundai on Monday said it has crossed 10 lakh cumulative sales milestone of SUVs made in India. These SUVs have been sold both in India and export markets, Hyundai Motor India Ltd (HMIL) said in a statement. The launch of mid-sized SUV Creta in 2015 accelerated Hyundai Motor India's growth in the segment with cumulative sales of over 5.9 lakh units in the domestic market and over 2.2 lakh units in the export market, it added. Similarly, the company had introduced compact SUV Venue in 2019 and has already sold over 1.8 lakh units in the domestic market, it added. Commenting on the feat, HMIL Director (Sales, Marketing & Service) Tarun Garg said, "As frontrunners in the introduction of revolutionary technologies, we continue to establish new milestones and redefine benchmarks across segments." With over 10 lakh cumulative SUV sales in domestic and export markets, he added, "We have reiterated the promise of Make-in-India over nearly two and a half decades of

Bajaj Auto reports sale of 3,69,448 units in March amid Covid-19 disruption

Bajaj Auto on Friday said its total sales stood at 3,69,448 units in March.

Covid-19 second wave to hit Gems and Jewellery; auto dealers: Crisil

Six of 42 sectors covered by study are highly sensitive to a pandemic resurgence, while 20 are moderately sensitive

Ashok Leyland M&HCV truck sales grew over 10-fold in March

Analysts say increase in infrastructure spending, improved consumer sentiments, better freight rates are some of the key drivers of the superior show.

Toyota Kirloskar sells 15,001 units in March, highest in the month in 8 yrs

Toyota Kirloskar Motor on Thursday said it sold a total of 15,001 units in March, registering the highest ever domestic sales in the month of March since 2013

Ford to update financial impact of global chip shortage next month

Ford said, while announcing the latest North American production cuts at seven plants due to the global chip shortage, that it would provide an update on April 28 to the expected hit to 2021 profit

Honda recalls more than 628,000 US vehicles to replace fuel pumps

The recall covers much of the Honda and Acura model lineup from the 2018 to 2020 model years including the CR-V small SUV, the company''s top-selling U.S. vehicle

Hyundai Motor Company to close for a week due to semiconductor crisis

As the global automobile industry began to cut production due to the lack of automotive semiconductors, Hyundai Motor Company was also unable to avoid production disruptions

Chinese automaker Great Wall Motor plans hydrogen fuel-cell SUV model

Great Wall Motor will roll out its first hydrogen fuel-cell sport utility vehicles and launch a fleet of 100 hydrogen heavy trucks this year

Buffett-backed Chinese electric vehicle maker BYD profit up 162% in 2020

The firm on Monday reported a 162% growth in 2020 net profit

Hyundai mulls suspension of production at key plant on chip shortage

The possible suspension comes amid a lack of semiconductor parts used in the Kona subcompact SUV's front vehicle camera system

Mercedes-Benz rolls out A-Class limo to woo first-time luxury buyers

The A-Class launch is one of the 15 models Mercedes plans to launch this calendar year as it seeks to consolidate its leadership position in a market that has been stuck in the slow lane.

Nissan India to increase vehicle prices for all models from April

The price hike is effective from April 1

Luxury carmaker Audi launches new version of S5 Sportback at Rs 79.06 lakh

The new Audi S5 Sportback comes with features such as a flat-bottomed steering wheel, sport front seats, virtual cockpit plus

Scrappage plan has sops for buying new vehicles, pain for driving old ones

Policy will increase business, employment and reduce pollution, says transport minister

IOC, Israeli firm form JV to to manufacture metal-air batteries for EVs

Indian Oil Corporation and Israeli battery developer Phinergy on Wednesday formalised a joint venture to manufacture ultra-lightweight metal-air batteries for electric vehicles (EVs)

Ford partners with University of Michigan on robotics research, building

In November, Ford revealed plans to transform a long-vacant Detroit book warehouse into a hub for automobile innovation

Steel shortage from Posco may force automakers to suspend production: SIAM

Auto industry body SIAM on Monday said supply shortage of steel from Posco's Maharashtra-based plant could lead to suspension of production at various facilities of leading companies. Raigad-based manufacturing plant of South Korean steel major Posco is one of the major suppliers of steel in the industry. It is currently facing labour issues that have resulted in the disruption of supply to some of the leading automakers in the country. "Disruptions in supplies from Posco Maharashtra Steel has resulted in non-availability of steel for some of the major Auto OEMs," Society of Indian Automobile Manufacturers (SIAM) Director General Rajesh Menon said in a statement. As per industry sources, auto companies such as Maruti Suzuki, Hyundai Motor, Kia Motors, Tata Motors and Mahindra & Mahindra source steel from the Posco plant. There have been no despatches of steel since March 4 except for one day, wherein some trucks loaded with steel and held up outside the factory premises were ...

Rolls-Royce plunges to worse-than-expected $5.6 billion loss

On an underlying pretax basis, Rolls posted a loss of 4 billion pounds, worse than the 3.1 billion pound loss forecast by analysts

Junk your old car and get 5% rebate from automakers on new buy: Gadkari

There is good news for consumers who are going to junk their old vehicles