Page 64 - Automobile Industry

Second wave of the Covid-19 pandemic throws auto SMEs out of gear

Hope rests on exports and festive season accelerating recovery

Food, the switch and the wardrobe

Opening up in the US may switch spending to services and wardrobe restocking, and de-stock overflowing pantries

Auto firms post record production in June, make up for halt in May

With unlocking and a normal monsoon, industry expects sales momentum to continue, commodity price a worry

Truck rentals drop by 5-7% in past fortnight as lockdowns hit production

The road transport sector will have to remain prepared for prolonged rainy days beyond the monsoon season: IFTRT

With massive investment plans, steel leads India Inc's capacity expansion

Several top companies, led by steel majors ArcelorMittal Nippon Steel India (AM/NS India), JSW Steel, Tata Steel and Hindalco, are planning to expand capacity in the next few quarters

Advance tax collection: Automobile, IT firms lead surge in April-June qtr

Maruti Suzuki, Hero MotoCorp, TCS, and Infosys reported a jump between 44 per cent and 200 per cent in the April-June quarter of this financial year on account of a low base

Motown gears up for fast-lane drive as second wave of Covid-19 abates

India Inc faltered in Q1 of this financial year due to the second wave of the pandemic. What do the prospects for Q2 look like? The first of a four-part series looks at the automobile industry

Higher capex spends likely to impact tyre maker Ceat's return ratios

Muted near term outlook given raw material costs, lower demand

Yamaha launches FZ-X; ex-showroom prices start at Rs 1,16,800

Japanese two-wheeler major Yamaha on Friday launched the FZ-X, its first neo-retro motorcycle in India, with prices starting at Rs 1,16,800 (ex-showroom, Delhi). The company also unveiled a new hybrid variant of its scooter model Fascino 125 as it looks to bring "technologically advanced products that cater to the growing requirements of young Indian customers". The FZ-X model is powered by an air-cooled, 4-stroke, 149cc engine with a peak power of 12.4PS of peak power at 7,250 rpm. Yamaha Motor India Group of Companies Chairman Motofumi Shitara said, "We stay committed to offer the best of our products to the Indian two-wheeler audience and FZ-X is one step further in that direction." The all-new FZ-X is Yamaha's first 'Neo-Retro' -- which blends modern technology and classic old-school design -- offering for the Indian market that provides the perfect balance of practicality, durability, technology and style, he added. "It is introduced to cater to a larger group of customers th

For Kia, the name is the game in India's hyper-competitive auto market

The Korean car-maker's rebranding just two years after entering India points to ambitions beyond cars

Auto industry chases the monsoon, but analysts are less optimistic

Manufacturers think the impact of Covid-19's ravages on rural India will abate if seasonal rains are good.

Renault Nissan Auto India and workers' union sign interim peace deal

An interim peace deal has been signed between the Renault Nissan Automotive and its worker's union RNITS to try out the options to maintain social distance at the shop floor

Govt proposes exempting battery-operated vehicles from registration fees

The government has proposed exempting battery-operated vehicles from the requirement of fee payment for registration certificates

Kia sees 31% dip in dispatches to 11,050 units in May from 16,111 in April

Automaker Kia India on Tuesday reported a 31 per cent decline in dispatches to dealers at 11,050 units in May compared to 16,111 units in April this year

Honda Cars domestic sales dive 78% dip in May to 2,023 units over April

Honda Cars India on Tuesday reported a 78 per cent decline in its domestic sales to 2,032 units last month as compared to 9,072 units in April this year. The company said it exported 385 units in May. "Multiple state-wide lockdowns throughout the country to control the spike in COVID-19 infections in May 2021 impacted retail business. During last month, we also undertook extended maintenance-related shutdown of our factory leading to limited production but effectively breaking the chain amidst the high number of cases in north India," Honda Cars India Senior Vice President and Director (Marketing & Sales) Rajesh Goel said in a statement. With the increase in the pace of vaccination and the declining cases, the company expects markets will open gradually allowing business continuity, he added. Goel noted that the company's field teams were in constant touch with waiting for customers to facilitate their car purchases through digital mediums. "We will closely monitor the on-ground .

Daimler India shuts bus and truckmaking unit for 3 days on parts shortage

Daimler said it is supporting its employees with its health programmes, adding that it will pay workers their full salaries for the non-production period

TVS Motor sales down 30% in May to 166,889 units over April's 238,983 units

TVS Motor Company on Tuesday reported sales of 1,66,889 units in May, down 30 per cent from 2,38,983 units sold in April this year

Ashok Leyland May sales rise to 3,199 units from 1,420 units in April

Commercial vehicles major Ashok Leyland Ltd closed last month with sales of 3,199 units up from 1,420 units sold in May 2020.

Mahindra & Mahindra sales tumble 52% to 17,447 units in May over April

Mahindra & Mahindra (M&M) on Tuesday said its total sales declined by 52 per cent to 17,447 units in May as compared with April this year on account of lockdown in various states. The Mumbai-based auto major had dispatched 36,437 units to dealers in March this year. Passenger vehicle sales in the domestic market stood at 8,004 units last month, down 56 per cent from 18,285 units in April 2021. Commercial vehicles sales declined by 53 per cent to 7,508 units in May as against 16,147 units in April this year. The company said its exports last month stood at 1,935 units in May as compared with 2,005 units in April. "We are seeing a strong growth momentum for our entire product portfolio. The Thar is clocking robust bookings, despite extended waiting periods. XUV300 has been a tremendous success and continues to see strong demand," M&M Chief Executive Officer Automotive Division Veejay Nakra said. With the cases coming down and gradual opening up of markets, the company ...

Maruti Suzuki total sales decline 71% in May over April to 46,555 units

Maruti Suzuki India reported a 71% decline in total sales to 46,555 units in May as compared to 1,59,691 units in April as a spike in Covid-19 cases and lockdowns across various states hit dispatches