Page 65 - Automobile Industry

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

Amid pandemic, Daimler India offers financial support for its dealers

Salary support, group insurance for Covid-19, credit period for vehicles in stock are some of the support packages Daimler India Commercial Vehicles (DICV) offer for its dealers

Tata Motors sales drop 38% to 24,552 units in May from 39,530 units

Tata Motors on Tuesday said its total domestic sales declined by 38 per cent to 24,552 units in May as compared to 39,530 vehicles in April this year

Bajaj Auto posts 114% sales growth year-on-year to 2,71,862 units in May

Bajaj Auto has reported 114 per cent growth in its total vehicle sales at 2,71,862 units in May compared to the same month last year

Maruti Suzuki digitises to click with buyers: How exactly does it work?

India's largest car maker is finding traction in the national roll-out of its digital financial services platform

India's Mahindra sees demand rebound but chip crunch, pandemic hurt

BENGALURU (Reuters) -Indian automaker Mahindra and Mahindra said on Friday it expected a demand rebound as India emerges from lockdowns to curb a severe second wave of the COVID-19 pandemic, but the company would remain under pressure from a global chip shortage.

Eicher Motors' profit after tax jumps 73% to Rs 526 cr in March quarter

Eicher Motors Ltd on Thursday reported a 73 per cent jump in consolidated profit after tax at Rs 526.14 crore for the fourth quarter ended March 31, 2021, riding on better sales

General Motors' newest vehicle: Off-road, self-driving rover for moon

General Motors is teaming up with Lockheed Martin to produce the ultimate off-road, self-driving, electric vehicles for the moon.

EV takeoff should come by around 2025: Volkswagen India's Ashish Gupta

Volkswagen India's Gupta tells Pavan Lall the firm's plans for the subcontinent remain on track despite the Covid speed-breaker,

Tata Motors narrows Q4 loss on strong operational show by JLR, India biz

The company took a hit of Rs 15,000 crore to re-cast JLR business

Bulls gain strength: Sensex reclaims 50,000, Nifty ends above 15,000

Fall in Covid-19 cases, prospect of economy normalising in near term lift indices for a second day