Page 70 - Automobile Industry

Passenger vehicle retail sales increase 24 pc in December: FADA

Automobile dealers' body FADA on Monday said passenger vehicle (PV) retail sales in December witnessed a year-on-year increase of 23.99 per cent to 271,249 units

Sustainability vs profitability: Auto companies walking a tightrope

Prices of key commodities, including steel, rubber, rhodium and platinum have seen a jump. Passing on the full cost increase may not be prudent as it may dissuade buyers

Expect 2021 to be better in terms of sales: Toyota Kirloskar Motor

The company witnessed a 6 per cent rise in wholesales in the December quarter, reporting a 14 per cent rise in December wholesales at 7,487 units against 6,544 in December '19

Mercedes-Benz India to increase car prices by 5% from January 15

Premium car maker Mercedes-Benz India on Friday said it is hiking its car prices by 5 per cent from January 15, owing to the currency depreciation and increasing input costs

Hyundai says in early talks with Apple after electric vehicle tieup report

Hyundai and Apple already work together on CarPlay, Apple's software for connecting iPhones to vehicles from a variety of automakers

Automaker forced to airlift raw material as container shortage bites

Companies halt production or pay 2-3 times extra to get slots in ships and containers

MG Motors sees no impact of Indo-China tension, expects sales to rise 75%

MG Motors on Thursday launched the seven-seater version of its premium SUV, Hector, at a price of Rs 13.34 lakh

Hiring activity registers 14% sequential growth in December: Report

The improvement was mainly led by insurance, auto and ancillary sectors, according to a report

Fiat Chrysler India unveils updated version of SUV Jeep Compass

Automaker FCA India on Thursday unveiled the updated version of its SUV Jeep Compass in the country

Maruti Suzuki's production rises 34% at 1,55,127 units in December

Maruti Suzuki India, the country's largest carmaker, on Wednesday said its total production in December 2020 increased 33.78 per cent

Fiat Chrysler to invest $250 million in India unit to launch new SUVs

By Aditi Fiat Chrysler said on Tuesday it will invest $250 million to grow its presence in India with the launch of four new sport-utility vehicles (SUVs) under its Jeep brand over the next two years

Fatal incident halts Hyundai's South Korean factory after retooling

Hyundai Motor Group Chairman Euisun Chung expressed deep condolences in a New Year's message on Monday

Tata Motors partners with Karnataka Bank for retail finance support

Tata Motors has signed a memorandum of understanding with Karnataka Bank to introduce financing offers for customers

Ford unveils 2021 line-up of compact SUV EcoSport; starts at Rs 7.99 lakh

Ford India on Monday introduced the 2021 line-up of its compact SUV EcoSport with features such as sunroof in the Titanium Trim, enhanced connectivity features and an enhanced warranty at a starting price of Rs 7.99 lakh. The SUV comes in five trims -- Ambiente, Titanium, Titanium +, Trend and Sports, according to a release. The American car maker, which recently called off its proposed partnership with domestic auto major Mahindra & Mahindra, had rolled out the sub-4 meter SUV EcoSport first time in the Indian market in June 2013. Ford's product portfolio in India currently comprises six cars -- Figo, Freestyle, Aspire, EcoSport, Endeavour and Mustang. In the tradition of bringing what consumers want and value, we are happy to bolster the EcoSport line-up and make every variant compelling in terms of features and value, said Vinay Raina, executive director Marketing, Sales and Service at Ford India. With the new line-up, we have not just addressed the customer feedback on making

Two-wheeler EV firms see growth in post-Covid demand for personal transport

SMEV data shows that two-wheeler EV sales between April and December stood at around 80,000 units - 3,000 units in Q1 (April-June), rising to 35,000 units in Q2 and 42,000 in Q3

Mahindra reports 10% decline in total sales for December

Mahindra & Mahindra (M&M) on Friday reported a 10.3 per cent decline in total sales at 35,187 units in December, 2020. The company had sold 39,230 units in December 2019, M&M said in a statement. In the domestic market, passenger vehicle sales were up 3 per cent to 16,182 units last month, compared to 15,691 units in December 2019. In the commercial vehicles segment, the company sold 16,795 vehicles in the domestic market last month, as against 21,390 units in December 2019, a drop of 21.48 per cent. Exports increased by 3 per cent to 2,210 units in December 2020, as against 2,149 units in the year-ago month. "Our overall sales have been affected due to the continuing supply chain challenges related to the constantly changing global environment, more specifically the supply shortage of micro-processors (semiconductors) used in electronic control units (ECUs)," M&M Chief Executive Officer Automotive Division Veejay Nakra said. Demand continues to remain strong even ...

Toyota Kirloskar posts 14% growth in India sales at 7,487 units for Dec

Toyota Kirloskar Motor (TKM) on Friday reported 14 per cent growth in its domestic sales to 7,487 units in December 2020. The car maker had sold 6,544 vehicles in December 2019. "As we wrap up the year, we are happy to have registered a 14 per cent growth in wholesales in December 2020, when compared to sales in the same period in 2019," said Naveen Soni, Senior Vice President, Toyota Kirloskar Motor (TKM). He said customer orders have been rising significantly and retail sales (dealer's sale to customers) have also been very encouraging which gives the company confidence to embark upon a new target as it welcomes the New Year 2021. "We have also managed to retain more than 6 per cent growth in wholesales in the last quarter of calendar year 2020, when compared to the last quarter of 2019," he added. December witnessed a few adjustments in terms of production, due to new model launches as well as year model changes, Soni said, adding, "This also included our efforts to exhaust the

Ford Motor, Mahindra call off JV over global economic, business conditions

The latest move will not have any impact on its product plan, Mahindra and Mahindra said

MG Motor India says its sales increased 33% to 4,010 units in December

MG Motor India on Friday said its sales rose by 33 per cent to 4,010 units in December, 2020 as compared to 3,021 units in the same month a year ago

Maruti Suzuki sales rise 20 per cent to 160,226 units in December

The country's largest carmaker Maruti Suzuki India (MSI) on Friday reported a 20.2 per cent increase in sales to 160,226 units in December