Page 24 - Automakers

Renault's SUV Kiger priced between Rs 5.45 and 9.55 lakh

French automaker Renault on Monday said its SUV Kiger will be priced between Rs 5.45-9.55 lakh

Ford dissolves its 7.6% stake in Velodyne Lidar: Regulatory filing

Velodyne Lidar is a maker of sensors used in self-driving cars

Jaguar Land Rover to go 100% electric by 2039: Tata Motors

The firm joins a global race to roll out clean-energy vehicles

Apple's entry into car industry doesn't scare us: Volkswagen CEO Diess

Diess dismissed concerns Europe's largest automaker could be degraded to a contract manufacturer for technology firms

Volvo Cars India elevates Jyoti Malhotra as its new MD from March 1

Malhotra, who currently serves as the Director Sales and Marketing, would be the first Indian to head the company in India

Toyota hikes profit forecast 54%, shrugs off global chip supply issues

Toyota Motor Corp said on Wednesday it has an up to four-month stockpile of chips

Chinese regulators call in Elon Musk's Tesla over customer complaints

Tesla is building Model 3 electric sedans and Model Y sport-utility vehicles at its Shanghai factory

Mahindra & Mahindra hints at hiking vehicle prices in Q1 next fiscal

Mahindra & Mahindra Ltd on Friday hinted at a possible price hike of its range of vehicles in the next few months due to rising commodity prices. The company, which was recently reported to have cut jobs in its North American operations, is likely to reduce it further even as it prepares to launch its off-roader vehicle Roxor. "We have just taken some price increase in January and unless things come under control we would probably be taking one again in Q1 of the next financial year," Mahindra & Mahindra (M&M) Executive Director Automotive & Farm Sectors Rajesh Jejurikar told reporters in a virtual post-earning press conference. He was responding to a query on the impact of rising commodity prices and how the company was planning to offset it. Jejurikar further said, "We do try to mitigate this kind of commodity increase with other internal cost measures, both on material cost and value engineering, and managing fixed cost. So typically when we have this kind of ...

Mahindra recalls 1,577 units of diesel Thar to replace faulty engine part

Utility vehicles major Mahindra & Mahindra (M&M) on Thursday said it is recalling 1,577 units of its SUV Thar with diesel powertrain to replace faulty camshaft, an engine part. The Mumbai-based auto major said it would undertake proactive inspection and replacement of camshaft on a batch of 1,577 units of Thar diesel variants, manufactured between September 7 and December 25, 2020. "A machine setting error at the supplier's plant, on specific dates, may have affected camshafts in some engines of the diesel Thar," M&M said in a regulatory filing. Keeping with the company's stringent quality standards and exercising abundant caution, it has proactively engaged in this limited recall and offered inspection and subsequent rectification, free of cost, the automaker noted. The company said the affected Thar customers will be individually contacted by the company. As an endeavour to ensure a hassle-free experience for its customers, the company is proactively carrying out this ...

Maruti Suzuki pre-owned car unit True Value crosses 400,000 unit sales

The country's largest carmaker Maruti Suzuki India (MSI) on Thursday said its pre-owned car unit True Value has crossed 40 lakh sales milestone. True Value celebrates the sales of 4 million pre-owned cars from a network of independent outlets across the country, MSI said in a statement In line with market trends, the automaker had upgraded its True Value outlets in 2017, offering a seamless amalgamation of online to offline car buying experience. "The pre-owned car market in India is highly unorganised and there are very few players providing safe, reliable and transparent buying and selling experience to buyers. "True Value was set up to overcome these issues and ensure that buyers of the pre-owned car get the same experience as new car buyers," MSI Executive Director (Marketing & Sales) Shashank Srivastava said. The outlets are digitally integrated through website and app so that customers can access details of all the cars available at True Value outlets from the comfort of ...

Budget 2021: Mobile phone makers slam higher duty on China imports

However, auto parts makers welcome it as a step that will help localisation

Domestic car sales drive Tata Motors' volumes up 25% to 59,959 units in Jan

Tata Motors on Monday reported a 25.27 per cent increase in total sales at 59,959 units January.

Tata Motors says worried by chip shortage, Brexit impact on supplies

Tata Motors posted a 67.2% rise in profit for the last quarter of 2020, as Jaguar Land Rover sales improved in key markets like China.

Bumpy ride: Automakers hit reverse gear, BSE Telecom index down 2.9%

In comparison, the benchmark Sensex closed the session with losses of 1.26 per cent. This was the worst show by the auto index in the last three months

Trump's China tech war backfires on automakers as chips run short

Automakers around the world are shutting assembly lines because of a global shortage of semiconductors that has been exacerbated by the US actions against key Chinese chip factories, officials said

Ford joins top automakers to halt production due to semiconductor shortage

Ford has joined Nissan, Volkswagen, Fiat Chrysler and Toyota who have curtailed production amid a global semiconductor shortage, delaying the production of some vehicles

Family behind Hyundai just made $2 billion on Apple collaboration report

Friday was also a good day for South Korea's richest person

Nissan to ramp up production, hire 1000 workers at Chennai car plant

Nissan plans to boost production to up to 4,000 cars a month from 2,700 cars currently

Bajaj Auto reports 11% rise in sales to 372,532 units in December 2020

Bajaj Auto on Monday reported an 11 per cent increase in total sales at 372,532 units in December 2020

Automakers see double-digit growth as robust demand lifts PV sales in Dec

Leading automakers Maruti Suzuki, Hyundai, Tata Motors, and Toyota witnessed double-digit growth in wholesale despatches in December as pent up demand led to robust passenger vehicle offtakes. Mahindra & Mahindra (M&M) and Honda Cars also reported increased sales in the domestic market last month. The country's largest carmaker Maruti Suzuki India (MSI) reported 17.8 per cent increase in sales in December at 1,46,480 units as against 1,24,375 units in December 2019. The sale of mini cars, comprising Alto and S-Presso, increased by 4.4 per cent to 24,927 units as compared to 23,883 in the same month last year. Similarly, sales of compact segment vehicles, including models Swift, Celerio, Ignis, Baleno and Dzire, rose by 18.2 per cent to 77,641 units as against 65,673 cars in December last year. Utility vehicle sales, including Vitara Brezza, S-Cross, and Ertiga, also rose 8 per cent to 25,701 units compared to 23,808 units in the year-ago month, MSI said. Similarly, Hyundai ...