Page 48 - Automobile Industry

Atul Auto forays into EV space, launches two electric three-wheelers

Three-wheeler maker Atul Auto on Wednesday announced its foray into the electric vehicle space by launching two models at the Auto Expo 2023. Atul Greentech Private Ltd (AGPL), a subsidiary of Atul Auto, launched Mobili, a passenger vehicle, and cargo variant Energie. Both Mobili and Energie are built with industry-leading technology, telematics and Battery Management Systems (BMS), said a statement. The company has not disclosed the price of the two variants. Atul Auto Director Vijay Kedia said: "With our new electric additions, we aim to be technology leaders and provide intelligent, data-driven last-mile connectivity. Our advanced processes and infrastructure is the backbone of our business and empowers us to create and deliver world-class products." The new cargo and passenger variants of electric three-wheelers will be launched across the country, starting from Punjab, Gujarat and NCR. "The two variants will be made available in a phased manner across the country in Atul Aut

Suzuki Motor turns to Toyota for lessons on small EVs, other technologies

Japan's Suzuki Motor Corp plans to learn from partner Toyota Motor Corp how to use EV technology to build small electric cars, its president Toshihiro Suzuki told reporters

Greaves Cotton unveils new 2-wheeler, 3-wheeler EVs at Auto Expo 2023

Engineering company Greaves Cotton on Wednesday unveiled its range of electric two-wheeler and three-wheeler electric vehicles at the ongoing Auto Expo 2023. The company at the event unveiled three two-wheelers under Ampere brand series -- Ampere Primus, Ampere NXG and a multi-utility scooter Ampere NXU which can be also used for deliveries. In the commercial three-wheeler segment, the company unveiled an electric passenger vehicle Greaves ELP, cargo EV Greaves ELC and a futuristic cargo concept Greaves Aero Vision. Greaves Electric Mobility Private Ltd, CEO and Executive Director, Sanjay Behl said Ampere Primus will be available during the ongoing quarter, while rest of the vehicles will be made available during the course of next financial year. "Ampere Primus is now open for bookings across India. Rest of the vehicles will be launched in the next financial year," Behl said. Greaves Cotton Executive Vice Chairman Nagesh Basavanhalli at the event shared the company's commitment t

Auto Expo to focus on EVs as manufacturers push for greener, cleaner future

SIAM, which organises the event, said the Auto Expo will explore the automobile industry's vision of futuristic green tech

Auto Expo returns after 3 years; some prominent firms to skip event

India's flagship motor show Auto Expo returns this week after three years having been hit by the pandemic, albeit some of the major manufacturers staying away from the event. The likes of Maruti Suzuki, Hyundai, Tata Motors, Kia India, Toyota Kirloskar and MG Motor India will lead the traditional automakers at the show at Greater Noida that will witness five global launches and 75 product launches and unveils. Yet, others such as Mahindra & Mahindra, Skoda, Volkswagen and Nissan along with luxury car makers like Mercedes-Benz, BMW and Audi will be conspicuous by their absence in the biennial show that was originally scheduled to be held in 2022 but was postponed to this year due to Covid-19. Also, the visibility of main two-wheeler makers such as Hero MotoCorp, Bajaj Auto and TVS Motor Co will be restricted to their displays of flex fuel prototype vehicles at the Ethanol pavilion. Nevertheless, this edition of the Auto Expo, which kicks off with press days on January 11-12 ...

Maruti Suzuki launches two CNG powertrain options of SUV Grand Vitara

Maruti Suzuki India on Friday said it has launched two CNG powertrain options of its mid-sized SUV Grand Vitara, priced at Rs 12.85 lakh and Rs 14.84 lakh (ex-showroom Delhi). The country's largest carmaker said the CNG trims come with a five-speed manual gearbox with a fuel efficiency of 26.6 km/kg. The 1.5 litre gasoline-powered variants of the car are priced from Rs 10.45 lakh to Rs 19.49 lakh. "The introduction of the S-CNG option further expands the appeal of the Grand Vitara. The Grand Vitara S-CNG will contribute to our aggressive plan to widen our green-powertrain offerings, expanding to 14 models," Maruti Suzuki India Senior Executive Officer Marketing & Sales Shashank Srivastava said in a statement. The Grand Vitara S-CNG can also be owned through Maruti Suzuki Subscribe at an all-inclusive monthly subscription fee starting from Rs 30,723, the company stated.

Carmakers may end up paying penalties for missing emissions targets: Report

CAFE scores are designed to encourage carmakers to focus on technologies that reduce CO2 emissions

TVS Motor sales decline 3.6% in December as motorcycles hit rough patch

Motorcycle sales dipped by 6.7% to 124,705 units in Dec 2022; iQube electric sales provide silver lining, rise 10-fold YoY

EV industry ends 2022 with one million unit sales; worries loom ahead

Despite consumer interest EVs, reluctance on the part of the auto industry to invest more in them, lack of long-term policy and the rising number of Covid cases put the sector at risk

Skoda Auto India posts 48% jump in sales at 4,788 units in December

KODA AUTO India on Sunday reported a 48 per cent rise in sales at 4,788 units in December 2022. The company sold 3,234 units in December 2021, KODA AUTO India said in a statement. For the calendar year 2022, sales grew over two-fold at 53,721 units as against 23,858 units sold in 2021, it added. KODA AUTO India Brand Director Petr olc said in 2022 "we doubled our sales over the previous year, we hit monthly and quarterly sales records, we expanded our network with more touchpoints and being closer to our customers..." The company said it also exceeded the target of 225 sales and service touchpoints and has close to 240 customer touchpoints across India at present.

Toyota Kirloskar Motor sales drop 3.8% to 10,421 units in December

Toyota Kirloskar Motor on Sunday reported a 3.8 per cent decline in its dispatches to dealers at 10,421 units in December 2022. The company had clocked wholesales of 10,834 units in December 2021, Toyota Kirloskar Motor (TKM) said in a statement. For the calendar year 2022, total wholesales were at 1,60,357 units as against 1,30,768 units in 2021, a growth of 23 per cent. The sales in 2022 were also the company's highest wholesales in the last 10 years, it said, adding the previous record was in 2012 with a total of 1,72,241 units. TKM Associate Vice President, Sales and Strategic Marketing Atul Sood said 2022 has been "tremendous" for the company both in terms of new product launches such as the Urban Cruiser Hyryder and the Innova Hycross, as well as sales performance. At the upcoming Auto Expo 2023, he said the company will showcase its sustainable offerings in the mass electrification space as well as alternate fuel technology, contributing to its ultimate goal of carbon ...

Maruti Suzuki India posts 9% drop in wholesales at 1,39,347 units in Dec

Maruti Suzuki India Ltd on Sunday reported a 9 per cent decline in total wholesales at 1,39,347 units in December 2022 compared to the year-ago month. The company had clocked a total sales of 1,53,149 units in the same month in 2021, Maruti Suzuki India (MSIL) said in a statement. Total domestic wholesales were at 1,13,535 units last month as against 1,26,031 units in December 2021, down 9.91 per cent, it added. Sales of mini cars comprising Alto and S-Presso were lower at 9,765 units as compared to 16,320 units in the year-ago month. Similarly, sales of compact cars consisting of models such as Baleno, Celerio, Dzire, Ignis, Swift, Tour S and WagonR were lower at 57,502 units as against 69,345 units in December 2021, it said. On the other hand, utility vehicles such as Brezza, Ertiga, S-Cross, XL6 and Grand Vitara clocked higher sales last month at 33,008 units as against 26,982 units in the year-ago period. "The shortage of electronic components had some impact on the productio

EV push: Eicher Motors to pick 10.35% stake in Spain-based Stark Future

Stark Future recently launched its first high performance electric motocross bike, the Stark VARG

Motorbikes, CVs to lithium-ion cells: Ola Electric's focus for 2023

The SoftBank-backed firm is also on track to bring electric cars to market by 2024

Value of components supplied to passenger car OEM increasing: Data

Share of value of components supplied to the two-wheeler market goes down

Ducati India to hike prices of entire range of motorcycle from Jan

Italian superbike maker Ducati on Monday said it will hike the prices of its entire range of motorcycles in India from January 1. The company, however, did not disclose the quantum of the hike. Ducati India announces an increase in price on its entire motorcycle range to be effective on ex-showroom price from January 1, 2023, the luxury bike maker said in a statement. The company has been absorbing costs for some time but will now have to pass on the increase through a revision in prices due to a substantial increment in costs related to raw material, production and logistics, it added. The revised prices will be applicable for all models and variants of the bikes irrespective of dealerships across New Delhi, Mumbai, Pune, Bengaluru, Chennai, Kochi, Hyderabad and Kolkata. The company also said it remains committed to India and will launch all the motorcycles unveiled globally in the domestic market.

Indian automobile industry looks to sustain growth momentum in 2023

The Indian automobile industry is setting out on a journey with hopes for a sustained growth momentum in 2023 and further embracing clean technology amid the lurking speed breakers of rising interest rates and cost increases due to new emission and safety norms, having witnessed a strong comeback from the COVID-led downturn this year. While the passenger vehicles (PV) segment is set for record sales in 2022 despite the lingering effects of supply chain constraints and semiconductor shortages, the two-wheeler space is yet to see sustained sales buoyancy after having suffered for most of the year. According to industry estimates, PV sales can reach around 38 lakh units this year. The three-wheelers and commercial vehicles segments have also witnessed good growth in 2022 compared to 2021, albeit on a low base of last year, which was affected by the second wave of COVID-19 and manufacturers will be keen to carry forward the momentum to the new year. As per industry observers, 2023 will

Honda to hike prices of entire model range by up to Rs 30,000 from Jan

Japanese car maker Honda on Friday said it is planning to increase prices of its entire model range by up to Rs 30,000 from January to partially offset the impact of rising input costs and prepare products in compliance with upcoming stricter emission norms. The company, which is present in the country through a wholly-owned subsidiary, joins the likes of market leader Maruti Suzuki, Hyundai, Tata Motors, Mercedes-Benz, Audi, Renault, Kia India and MG Motor, who have also made the year-end announcements to hike prices from the next month. "After assessing the consistent increase in the input cost of raw materials and upcoming regulatory requirements, we will have to undergo a price revision for our products from January 23. The increment will be in the range of up to Rs 30,000 and vary from model to model," Honda Cars India Vice President (Sales and Marketing) Kunal Behl told PTI. As per the second phase of BS-VI emission regulations, to be effective from April 2023, vehicles will

Auto aftermarket firm myTVS raises Rs 203 cr in funding from Lingotto

Company earlier got Rs 487 cr from Castrol India for business and technology collaborations

Landmark Cars' initial public offering subscribed 39% on Day 2 of offer

The Initial Public Offer (IPO) of automobile dealership chain Landmark Cars got subscribed 39 per cent on the day two of offer on Wednesday. The IPO received bids for 31,33,102 shares against 80,41,805 shares on offer, as per data available with the NSE. The category meant for non-institutional investors received 84 per cent subscription, while Retail Individual Investors (RIIs) portion was subscribed 36 per cent and Qualified Institutional Buyers (QIBs) 9 per cent. The IPO has a fresh issue of up to Rs 150 crore and an offer for sale of up to Rs 402 crore aggregating up to Rs 552 crore. Its price range is at Rs 481-506 a share. Proceeds from fresh issuance will be utilised for payment of debt and general corporate purposes. TPG-backed Landmark Cars is a leading premium automotive retail business in India with dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen and Renault. Shares of the firm will be listed on the BSE and NSE. Axis Capital and ICICI Securities are the manage