Page 57 - Automobile Industry

Auto components major Motherson Sumi Q3 net dips 80% to Rs 226 crore

Total revenue from operations stood at Rs 16,117.51 crore in the quarter under review against Rs 17,092.44 crore in the year-ago period

Maruti Suzuki Q3 results: Net profit skids 48% on global chip shortage

Expects no demand let-up; targets production ramp-up in Q4

Budget 2022: FADA seeks GST rate cut on two-wheelers to 18% to spur demand

Automobile dealers' body FADA has urged the government to reduce GST rates on two-wheelers to 18 per cent in order to generate demand in the segment.

Kia India garners 7,738 bookings for its latest model Carens on first day

Automaker Kia India said it has received 7,738 bookings of its upcoming model Carens on the first day of commencing the order process

Tesla isn't in India yet due to 'challenges with govt', says Elon Musk

Disagreements over a local factory and the country's import duties of as much as 100% have led to an impasse between the company and the administration.

Implement uniform 18% GST rate on all auto components: ACMA

Industry body Automotive Component Manufacturers Association (ACMA) has urged the Centre to implement a uniform GST rate of 18 per cent on all auto components.

Top headlines: Govt to allow FDI in LIC, auto firms stare at muted Q3

Nifty50 firms' combined net profit seen rising 25% in third quarter. More in today's top headlines

Change your car's colour with an app: BMW unveils colour-changing car

The concept car, called the BMW iX Flow, uses electronic ink technology normally found in e-readers to transform the car's exterior into a variety of patterns in gray and white

EV may become dominant form of transport in India in near future

More stringent statutes for the adoption of EVs will give a big push to electric mobility.

Electric vehicles sales in India to touch 1 million units this year: SMEV

Sales of total electric vehicles in India are expected to be around 10 lakh units this year, equal to what was sold collectively in the last 15 years, SMEV said

Japan's car sales fall but at slower pace as supply constraints ease

Auto sales are among data closely watched by analysts for clues on how quickly Japan's output and consumption can recover from last year's pandemic-induced slump

Analysts cautious on auto stocks amid uneven recovery

Passenger vehicle OEMs' attempt to catch up to the demand was impacted by production cuts, while demand for two-wheelers and PVs remain weak. Find out if you should chase the rally in auto stocks

Ashok Leyland sales slip 2% to 12,518 units in December 2021

Hinduja flagship firm Ashok Leyland on Monday reported a 2 per cent decline in total commercial vehicle sales to 12,518 units in December 2021. The company had sold 12,760 units in the same month in 2020, Ashok Leyland said in a statement. Domestic sales were down 3 per cent at 11,493 units in the month under review, as against 11,855 units in December 2020, it added. However, medium and heavy commercial vehicle sales were up 9 per cent at 6,752 units in December 2021, compared to 6,173 units in the year-ago month. Sales of light commercial vehicles in the domestic market were down 17 per cent at 4,741 units, as against 5,682 units in December 2020, the company said.

Tata Motors, Eicher, Maruti: Will auto shares breakout for bigger gains?

Automobile shares may breakout after crossing significant resistances

Lamborghini looks to deliver consistent growth in India during 2022

Italian super sports car maker Lamborghini is driving into 2022 looking to deliver consistent growth in India building on the momentum of a record year achieved in 2021

Confident of retaining leadership position in SUV segment in 2022: Hyundai

Hyundai Motor India looks to maintain its leadership in the segment this year as demand for its models like Creta and Venue continues to be robust

Omicron variant yet to curb driving across most of Asia in boon for oil

More cars have thronged the main roads in December amid year-end festivities than seen last month

M&M, TaMo aim to bolster product range, manage chip shortage next year

Riding on the success of their recent model launches, homegrown auto majors Mahindra & Mahindra and Tata Motors are looking to further strengthen their product portfolios in 2022. Both companies are also looking at ways to handle the semiconductor shortage in a better way next year so that the impact on the production is minimal. "We want to be the number one player in the core SUV segment, and the success across our product portfolio including the all new Thar, XUV300, Bolero Neo and the unprecedented response we have received for XUV700 is an indication that we are on the right track," Mahindra & Mahindra (M&M) Executive Director (Auto & Farm Sectors) Rajesh Jejurikar told PTI in an interaction. The company has already announced the launch of 13 new products by 2027, he added. "The next in line is the new Scorpio, which should come out next year, which will be our immediate focus," Jejurikar noted. The automaker has seen a strong demand rebound, especially for core, .

Sustaining ops, biz health biggest issues for auto firms in 2022: MG Motor

The biggest challenge in 2022 for the automobile industry will be to sustain business operations and ensure financial health amid various challenges, including global semiconductor shortage, according to a top MG Motor India official. Currently, the domestic market is witnessing increased demand, but it is also impacted by the global semiconductor shortage, which has hit production activities. "The new normal has set unique challenges for the industry. The biggest challenge is to sustain business operations and ensure the financial health of the organisation and its stakeholders. With the industry having exhibited resilience over the last two years, we are looking towards 2022 with cautious optimism," MG Motor India President & Managing Director Rajeev Chaba stated. The situation will remain fluidic in 2022 due to unpredictable factors COVID-19, global semiconductor shortage, freight cost and multiple other cost implications, he added. Chaba noted that the company is committed to

Here are the eligibility criteria for govt's 'BH-series' for new vehicles

A personal vehicle bearing this registration mark shall not require assignment of a new registration mark when the owner of the vehicle shifts from one state to another