Page 23 - Automakers

General Motors looking to build 2nd US battery factory, Tennessee likely

The firm says it's looking for a site to build a second US battery factory with joint venture partner LG Chem of Korea

Suzuki Motor charges up for EVs, spells out strategy for the first time

The Japanese auto major spells out its strategy for the first time and puts its India subsidiary at the centre of its plans

Tough eligibility may limit benefits to large cos under PLI for auto sector

The government will soon come out with detailed scheme to offer production linked incentive (PLI) to automobile and auto components industry

Expect double-digit volume growth in next 6 months on low-base effect: HMSI

Honda Motorcycle and Scooter India (HMSI) expects to log in double-digit volume growth in the ongoing quarter as well as April-June period of the next fiscal year

Auto sales stay in the fast lane in February, but industry cautious

Automakers say further hike in fuel prices could dent consumer sentiment

Royal Enfield sales increase 10% in February at 69,659 units

The company had sold 63,536 units in the same month last year

Honda Cars reports 28% increase in sales at 9,324 units in February

Honda Cars India Ltd (HCIL) on Monday reported a 28.3 increase in domestic sales at 9,324 units in February as compared with the same month last year. The company had sold 7,269 units in the domestic market in February last year, HCIL said in a statement. Exports for the period under review stood at 987 units as against 64 units in the year-ago period, it added. "The market demand continues to be good which is reflected in our positive growth in February sales," HCIL Senior Vice-President and Director Marketing & Sales Rajesh Goel said. However, the shortage of semiconductor related parts impacted the company on the supply front last month, which limited its production volume and dispatches for certain models, it added. "In the coming months, we will continue to make production adjustments in order to reduce its impact on our waiting customers," Goel said. As for the industry, the company remains optimistic about the future as the demand for automobiles remains on the rise and ha

Nissan Motor India reports wholesales at 4,244 units in February

Nissan Motor India on Monday reported an over four-fold rise in wholesales

Mahindra total sales dip over 11% in February to under 29,000 units

Mahindra & Mahindra (M&M) on Monday reported an 11.38 per cent decline in total sales at 28,777 units in February. The company had sold 32,476 units in February 2020, M&M said in a statement. Passenger vehicles sales increased by 41 per cent to 15,391 units last month, as compared with 10,938 units in the year-ago period. In the commercial vehicles segment, the company sold 11,559 vehicles in the domestic market last month, as against 19,699 units in February 2020, a drop of 70.42 per cent. Exports declined by 1 per cent to 1,827 units last month, as against 1,839 units in the year-ago month. "Demand continues to remain buoyant for our range of SUVs and Pick-ups and we have a robust order pipeline. However, supply of semiconductors, as we all know, is a global issue and it is likely to continue for another 3 to 4 months," M&M Chief Executive Officer Automotive Division Veejay Nakra said. Going forward, the company will continue to monitor the situation and closely work

India's share in our EV sales to be more than any others: Volvo India MD

Car maker says four out of five cars it sells in India will be electric by 2025; globally, EV sales will be 50% of company's total

Suzuki Motor to promote hybrids, EVs; strengthen SUV segment in India

The firm will promote penetration of hybrids and introduce electric vehicles while strengthening the SUV segment and push for CNG cars in India

20 yrs of India operations: HMSI crosses sales milestone of 7 mn units

Honda Motorcycle and Scooter India Pvt Ltd (HMSI) on Thursday said it has crossed the cumulative sales milestone of 70 lakh units in north India in its 20th year of operations in the country. The company, which hit the Indian market in 2001 with its scooter model Activa, said it took 15 years for it to touch the first 35 lakh cumulative sales mark in north India -- comprising Jammu & Kashmir, Ladakh, Rajasthan, Punjab, Haryana, Himachal Pradesh, Delhi and Chandigarh -- but doubled it in just 5 years. Commenting on the milestone, HMSI Director Sales & Marketing Yadvinder Singh Guleria said the company's first factory became operational in north, in Haryana in 2001. With increasing demand, the second factory was also added in north region, in Rajasthan. "As Honda is set to begin its 3rd decade in India, north region shall continue to remain our focus," he said. Honda will further strengthen its leadership in the scooter segment with the Activa brand, Guleria said adding the ...

Margin pressures may offset volumes gains for Schaeffler

Higher content per vehicle, steady aftermarket and exports are growth drivers

Suzuki Motor's 91-year old chairman is retiring: Report

The firm's chairman, Osamu Suzuki, is retiring, the Nikkei newspaper reported on Wednesday

Maruti launches all-new Swift with price starting at Rs 5.73 lakh

The top of the line version is priced at 8.41 lakh (ex-showroom Delhi)

Bajaj Auto launches new Pulsar 180 priced at Rs 1.08 lakh

The 178.6 cc model gets sporty split seats, black alloy wheels, among a host of other features

Automaker Jeep starts production of locally-assembled 2021 Wrangler

The Wrangler is being produced at the firm's Ranjangaon manufacturing facility

Renault warns of difficult year after record $9.7 billion loss

Renault Chief Executive Luca de Meo warned of lingering headwinds in 2021

FADA initiates annual study to identify gaps between OEM, dealers

Automobile dealers' body FADA on Wednesday said it is initiating an annual dealer satisfaction study

BMW India launches SportX petrol variant of SUV X3 priced at Rs 56.5 lakh

The automaker launched the 'SportX' petrol variant of its SUV model X3 in India at an introductory price of Rs 56.5 lakh (ex-showroom)