Page 61 - Automobile Industry

Chip shortage hits domestic auto wholesales in August; dispatches dip 11%

Automobile wholesales in India declined 11 per cent year-on-year in August, as the semiconductor shortage hit production processes across the industry, SIAM said on Friday.

Ford dealers invested over Rs 2,000 cr; staring at huge loss: FADA

Ford dealers in India are staring at huge losses with the automaker deciding to shut production in the country with immediate effect, automobile dealers' body FADA said on Thursday.

Apple's next big thing in doubt as chief of self-driving car project exits

Apple's car is a hotly anticipated product but the company says almost nothing about it.

Retail vehicle sales in August rose 14%, CV sales up 98%

Dealers registered a 14.48 per cent rise in total retail sales of vehicles in August 2021, compared to the same month last year.

Automakers expect better festive season even as chip shortage lingers on

Leading automakers Maruti Suzuki, Toyota Kirloskar Motor and Mahindra & Mahindra expect sales to be better this festive season compared to last year even as the chip shortage continues to make situation challenging with companies struggling to sustain production schedules. The festive season, which began with Onam, culminates with Diwali celebrations in November. Automakers have witnessed robust demand so far and are now looking to spruce up supplies to dealers in order to serve customers during the peak of festive period in October. "At the moment demand looks ok. It is slightly better than last year. If we look at the bookings, enquiries, retails, these are robust. On the supply side of course we may have some adverse effects, we are monitoring that," Maruti Suzuki India (MSI) Senior Executive Director Shashank Srivastava told PTI. The company would intend to build sufficient inventory before Navaratras to serve the spike in demand, but of course it all depends on the ...

Riding on robust sales, iconic Royal Enfield hits the global road

After facing shareholder heat last month, how has Lal's gamble to take the brand international fared?

Govt revamps incentives for autos to boost EVs, hydrogen fuel cells: Report

India has revised its proposed $8 billion scheme for the auto sector which will now focus on incentivising companies to build electric and hydrogen fuel-powered vehicles

Royal Enfield launches all new Classic 350 tagged at Rs 1.84 lakh

Royal Enfield on Wednesday said it has launched an all new version of Classic 350 motorcycle in the country with price starting at Rs 1.84 lakh (ex-showroom Chennai). In 12 years and more than three million motorcycles later, the Classic has built a legacy of its own, and the new Classic 350 is all set to take this legacy ahead, the company, which is a part of Eicher Motors, noted. "The Classic 350 launched in 2008, was a modern and capable motorcycle that symbolized the timeless post-war styling from the heydays of the British motorcycle industry. "Its captivating design language and simplicity coupled with dependability, catapulted the Classic to global popularity, and it went on to redefine the middleweight (250-750cc) motorcycle segment," Eicher Motors MD Siddhartha Lal said. The company so far has been consistent in its pursuit to build timeless, classic, beautiful motorcycles that are great fun to ride, and the new Classic 350 does just that, he added. "Built ground-up, on o

Skoda Auto India posts nearly four-fold jump in sales at 3,829 units in Aug

Skoda Auto India on Wednesday reported a nearly four-fold jump in sales at 3,829 units in August 2021. The company had sold 1,003 units in the same month last year, Skoda Auto India said in a statement. While the newly launched SUV Kushaq has fueled the growth for the brand in India, other models such as Superb, Octavia and Rapid have also contributed to the increase in sales volumes, it added. Commenting on the sales performance, Skoda Auto India Brand Director Zac Hollis said, "Our August sales have grown significantly and reflect the increasing popularity of the Skoda brand in India. This market is important for the global growth ambitions of the brand and we have a detailed strategy to strengthen our presence here." He further said, "Along with our focused product strategy, we have taken several measures towards building a strong bond with our customers and improving the overall brand experience." The company said with the roll out of its 'India 2.0' strategy, which began with

Hyundai Motor India reports 12% rise in sales in August at 59,068 units

Hyundai Motor India Ltd (HMIL) on Wednesday reported a 12.3 per cent increase in total sales at 59,068 units in August.

Maruti Suzuki to slash output in September by 60% over chip shortage

Closure of Bosch plant in Malaysia hurt production in September

Maruti Suzuki sees production impact from semiconductor shortage

India's top car maker Maruti Suzuki expects production at its plants in the states of Haryana and Gujarat to be impacted in September due to a shortage of semiconductors, it said on Tuesday.

'It'll be mandatory for automakers to offer biofuel vehicles in 6 months'

Union Minister Nitin Gadkari on Tuesday said India will make it mandatory for auto manufacturers to offer vehicles running 100 per cent on bio-fuels in the next six months

30 kph max: Paris shrinks speed limit to protect climate

It's the latest initiative by a city trying to burnish its climate credentials and transform people's relationship to their vehicles

Pent-up demand to push auto dealer volumes up by 10-15% in FY22: CRISIL

Festive season sales and pent-up demand along with new launches are expected to push automobile dealers' volumes up by 10-15 per cent in FY22, even as they see a patchy recovery this fiscal: CRISIL

Maruti Suzuki to hike prices across models from Sept as input costs rise

The country's largest carmaker Maruti Suzuki India on Monday said it will hike prices across models from next month amid rising input costs.

Indian Motorcycle expects to garner 25-30% share in India's premium segment

Indian Motorcycle is seeking to replicate the growth in India which it has witnessed in other global markets, and expects to garner 25-30 per cent market share in the premium motorcycle segment

Automobile industry stuck in a low gear

The Indian automobile industry is going through a rough patch. And the crisis seems to run deep. Get the real picture of the state of affairs through this video. Watch it

Auto parts industry may see 20-23% jump in revenue this fiscal: Report

The auto components industry is expected to log 20-23 per cent revenue growth during this fiscal, supported by recovery in the domestic automobile sector and robust exports, with all segments (passenger vehicles, two-vehicles and commercial vehicles) likely to report healthy double-digit growth in 2021-22, credit ratings agency ICRA said on Thursday. However, prices of key commodities and shortage of semi-conductors remain the key concerns for the industry, it said. The domestic auto component industry has seen a smart recovery during the first quarter of this fiscal, driven by strong exports and revival of domestic demand in June, ICRA said in a statement. Most domestic automobile segments, especially passenger vehicles (PVs) and tractors, continue to witness strong demand and are almost at pre-COVID-19 levels. Even the M&HCV (medium and heavy commercial vehicle) segment, which was impacted during the April quarter, is also now showing signs of recovery, it said. ICRA's sample ..

India offers huge opportunities for vehicle manufacturers: Nissan COO

India offers huge opportunities for vehicle manufacturers and electrification is the pillar that could transform the country's automotive industry, Nissan Motor Corporation COO Ashwani Gupta said