Page 6 - Automobile Makers

Audi India retail sales up 29% to 2,947 units during Jan-Sept period

German luxury carmaker Audi on Friday reported a 29 per cent growth in retail sales at 2,947 units in the January-September period of this year in India. Audi India had retailed 2,291 units in the same period last year. The growth was driven by the new A8 and Q7, coupled with continued demand for the e-tron range, A4, A6, Q5 and the RS performance range, the company said in a statement. In addition, Audi Approved: plus, the company's pre-owned car business, has grown by 73 per cent in the first nine months of 2022, it added. "Our performance in the first nine months has laid the foundation for a positive performance in the remainder of the year. "Robust growth, despite the semiconductor shortage and global supply-chain issues reiterates the customers' enthusiasm around the brand and our wide product portfolio," Audi India Head Balbir Singh Dhillon said. In the ongoing festive season, the automaker is expecting good growth on the back of sustained demand, he added. The automker n

Mahindra reports best-ever monthly wholesales of 64,486 vehicles in Sept

Driven by strong demand for its sports utility vehicles, Mahindra & Mahindra on Monday reported the highest ever monthly wholesales of 64,486 vehicles in September, a two-fold jump as compared with the year-ago period. The Mumbai-based auto major had dispatched total 28,112 passenger and commercial vehicles in domestic and international markets in September 2021. Last month, the company posted its highest ever monthly sales of sports utility vehicles (SUV) at 34,262 units, a two-fold jump as compared with 12,863 units in September 2021. In an interaction with PTI, Mahindra & Mahindra President (Automotive Division) Veejay Nakra said, September turned out to be a record month for the company in terms of overall volumes as well as the SUV dispatches. He noted that the overall popularity of SUVs along with robust demand for the company's latest products led to the record dispatches for the automaker last month. "Even in the thick of COVID-19, while the passenger vehicle industry .

Tata Motors clocks record domestic monthly PV sales in Sept at 47,654 units

In September 2022, PV sales increased by 85 per cent. India's third largest carmaker sold 25,730 PV units in September 2021

India is the only growth market for autos globally: S&P Global Mobility

Moody's Investors downgrades global outlook for auto to negative from stable

Chinese automaker launches Tesla-inspired electric car at just $26,000

Chinese automaker Changan Automobile has unveiled a new electric vehicle that resembles the Tesla Model 3

Nitin Gadkari asks auto makers to be quality centric, not cost centric

Amid renewed public debate over road safety after the tragic death of Cyrus Mistry, Union Road Transport and Highways minister Nitin Gadkari on Thursday asked automobile manufacturers to be quality centric and not cost centric. Speaking at the 62nd annual session of the Society of Indian Automobile Manufacturers (SIAM), he said automobile manufacturers must adopt new technology to reduce costs, provide more comfort to customers, reduce imports and increase exports. "I tell my friends in the automobile sector that you should be quality centric, not cost centric. because choices of people are changing," said Gadkari, who is known for his frank views. Former Tata Sons chairman Cyrus Mistry was killed in a road accident on September 4 after his car hit a divider in Maharashtra's Palghar district. Referring to the vehicle scrappage policy, Gadkari said transport and steel ministries will again urge the finance ministry to considering reduction in Goods and Services Tax (GST). "Yesterda

Dealers and automakers have a tumultuous relationship, says FADA President

Says manufacturers' financial clout has led to inequitable contracts between the two

Maruti to enter mid-SUV segment to lift market share: Senior exec director

Leading automobile manufacturer Maruti Suzuki will consider the SUV segment as a key area to lift its overall market share in the country, a senior company official said on Wednesday. Presently, the company's overall market share is under 45 per cent and the target is to lift it to 50 per cent. Senior Executive Director of Maruti Suzuki Shashank Srivastava told reporters here that in the non-SUV segment, the company has a market share of more than 65 per cent while in the SUV segment is not big. The company's basic objective is to lift the overall market share to 50 per cent. Srivastava said "SUV is the largest and fastest growing segment and Maruti must have a good market share in this. In the entry level SUV segment, Maruti's share is 20 per cent of the 6.6 lakh cars which is being sold annually. But Maruti does not have a car in the mid-SUV segment whose size is 5.5 lakh." The official said although Maruti is a market leader in the entry-SUV segment, it has no presence in the ..

Slowdown bites industry in Haryana; demand down 80%, 95k lose jobs: Report

From Rohtak to Bahadurgarh and Sonipat to Panipat, production at industrial units badly hit, says a media report

Ola Electric suspends production at Tamil Nadu plant citing maintenance

Ola Electric has suspended its production of electric scooters at Tamil Nadu's Krishnagiri plant for almost a week, a news report said

Auto dealers' body expects array of launches ahead of festival season

Auto dealers' body FADA said it expects automakers to launch higher number of models this festive season compared to the last two years when Covid-19 pandemic overshadowed the festive cheer. Federation of Automobile Dealers' Association (FADA) president Vinkesh Gulati had termed 2021 festive season as the "worst" in a decade in terms of business of its retail partners. In an interaction with PTI, Gulati said this time the demand is "too good", except for the non-electric two-wheeler segment which remains the "biggest stress" on the industry owing to a host of factors. "If I compare with the last two years, you will find at least double the model launch during the festive season. Moreover, we are seeing a lot of electric vehicles being launched also. So you will find a lot of launches (ahead of the festive season)," Gulati told PTI. However, most of the new vehicle launches are expected to be in the compact SUV or SUV segment, he said and emphasised that "90 per cent of the launches

Mahindra & Mahindra reveals new Scorpio-N's automatic, 4WD prices

Mahindra will open bookings on July 30 and the prices are applicable only for the first 25,000 buyers

Audi expands product range, drives in new A8 L sedan tagged at Rs 1.29 cr

The German automaker introduced the fourth generation of the model in two variants Celebration Edition and Technology, priced at Rs 1.29 crore and Rs 1.57 crore, respectively

Govt mulls penalising companies for EV fire as voluntary recall begins

Nearly 7,000 e-two-wheelers taken off the roads; show-cause notice to companies sent based on findings of a report by a DRDO laboratory

Tesla India policy exec quits after company puts entry plan on hold: Report

Manuj Khurana, policy and business development executive at Tesla in India, was hired in March 2021 and played a key role in forming a domestic market-entry plan for the US carmaker in the country

Bajaj Auto to consider share buyback, first such move after 2000

The move will be discussed in the meeting of the board of directors on June 14.

Royal Enfield's total dispatches rise 133% at 63,643 units in May

Motorcycle maker Royal Enfield on Wednesday said its total sales stood at 63,643 units in May. The company had sold 27,294 units in the pandemic-hit May 2021, it said in a statement. Domestic sales last month were at 53,525 units as compared to 20,073 units sold a year ago. Royal Enfield said its exports were reported at 10,118 units last month while the same was at 7,221 units in the year-ago period.

Tata Motors to takeover Sanand plant; signs MoU with Ford and Gujarat govt

As part of the MoU, Tata Motors would take over land, plant building, machinery, and vehicle assembly from Ford India Pvt. Ltd., along with all workers working at the plant

When it comes to EVs, raising funds seems easier than building them

Stocks of EV upstarts, from New York-listed, Chinese firms such as Nio, Xpeng and Li Auto to their American peers Rivian Automotive and Lordstown Motors, have lost their sheen in recent weeks

Stellantis bets big on India market; to launch first EV next year

The global automotive major Stellantis is planning to launch its first electric vehicle in India under the Citroen brand next year.