Page 67 - Automobile Industry

India a potential market for Panamera sedan: Porsche

Luxury sports car maker Porsche has said India is a potential market for its recently-launched new-generation Panamera sedan even as its focus will remain on all models across segments. Porsche India also said the launch of the new-format showrooms in Delhi and Mumbai in a short span of three months exhibits investors' confidence in its business here despite the pandemic. The company, part of the German auto giant Volkswagen group, last month rolled out the 2021 edition of Panamera in four variants -- Panamera, GTS, Turbo S, and Turbo S E-hybrid, priced between Rs 1.45 crore and Rs 2.43 crore (both ex-showroom). After setting up its first Porsche Studio in Delhi in January, the company opened another one in Mumbai earlier this week under a new dealer partner Infinity Cars Pvt Ltd, a luxury car dealership group, which represents a variety of marquee brands across different cities. "For sure, India can also become a Panamera market in future. It is also one important segment which we

Car buyers in India moving up value chain despite salary cuts, job losses

Maruti Suzuki India (MSIL), the market leader, has seen the contribution of mid- and top-end variants as the percentage of a model's sales mix goes up

Toyota Kirloskar to hike vehicle prices from April to offset input cost

The increase is necessitated to offset the substantial increase in input costs, it added

Tesla's Chinese rival Nio suspends production on chip shortage

Top automakers such as Ford, Honda, GM and Volkswagen were caught off guard by the shortage even as auto demand picked up during the Covid-19 pandemic

Used car market sees a continued interest from buyers amid Covid-19

2020 saw incremental growth for 1st-time car buyers, category up 3% for Maruti

Maruti Suzuki, Tata Group, M&M warm up to vehicle-scrapping units

Companies in talks on joint ventures and exploring tie-ups with suppliers

Scrapping policy will depend on integrity of fitness centres: R C Bhargava

The policy statement for the first time recognises that there is a need to ensure that vehicles are fit for continued use, says Bhargava

Swift, nifty, Maruti Suzuki's latest stands out in the small car segment

The fourth-gen hatchback blends user friendliness and practicality to serve up a value proposition

From Hyundai's Creta to Kia's Seltos, SUVs drive auto recovery in February

Their popularity suggests that the market has travelled beyond the search for value-for-money

Ind-Ra revises outlook of auto sector to improving for FY22 from negative

The rating agency said it expects auto volumes to rebound at 16-20 per cent year-on-year (y-o-y) in 2021-22 after recording an estimated decline of 14-18 per cent YoY in financial year 2021

French carmaker Renault to sell its stake in Daimler to reduce debt

Renault said in a statement that it would sell its 16.45 million Daimler shares through a placement to qualified investors via an accelerated bookbuilding process

A35 AMG limousine: Mercedes-Benz's compact sedan will please thrill seekers

The A35 product model is Mercedes-Benz's newest and smallest sedan to arrive on Indian shores

Mahindra receives RBI approval to reduce stake in SsangYong Motor

The maker of XUV500 and Scorpio has got a nod from the country's central bank to reduce its stake in Ssangyong to 25 per cent from the current 75 per cent through capital reduction

Explained: How Tamil Nadu leads the global electric vehicle rally

It is becoming a hub of electric two-wheeler investment by a slew of manufacturers and component suppliers

BMW group's Mini brand grows and stays strong where others pack up

The storied automobile brand owned by the BMW group has established itself as a premium small car brand in India boosting its sales to over 500 units last year

Suzuki Motor charges up for EVs, spells out strategy for the first time

The Japanese auto major spells out its strategy for the first time and puts its India subsidiary at the centre of its plans

From GST collection to car sales, macro data signals steady recovery

GST mop-up rises 7% to Rs 1.13 trn in Feb; Manufacturing PMI eases slightly to 57.5

Delhi govt delists electric version of Tata Nexon car from subsidy scheme

The move comes as a setback for Tata Motors in one of its biggest markets and makes the model less attractive in terms of the incentives

Hero MotoCorp reports 1.45% increase in total sales in February

The country's largest two-wheeler maker Hero MotoCorp on Monday reported a 1.45 per cent increase in total sales at 5,05,467 units in February. The company had sold 4,98,242 units in the same month of the previous year, Hero MotoCorp said in a statement. Total motorcycle sales stood at 4,63,723 units last month as against 4,79,310 units in February 2020, down 3.25 per cent. Total scooter sales, however, increased over two fold to 41,744 units as compared with 18,932 units in the year-ago month, it added. In the domestic market, sales rose marginally to 4,84,433 units last month as compared with 4,80,196 units in the same period a year ago. Exports last month stood at 21,034 units as compared with 18,046 units in the year-ago period. "The growth in sales despite the ongoing challenges on account of supply chain issues that the industry is facing has been possible due to the state of preparedness and quick countermeasures taken by the company," the company said. Hero MotoCorp re

Ashok Leyland's M&HCV truck sales rise 44% in February, bus sales fall 84%

The company's light commercial vehicle sales rose by 46 per cent to 5,662 units from 3,867 units in the year ago period