Page 8 - Automobile Makers

Analysts prefer auto ancillary stocks over OEMs as states push EV policies

Nomura believes that if new players' vehicles sell well, multiples of incumbent OEMs like Hero MotoCorp and Bajaj Auto may de-rate

Chinese EV maker Xpeng eyes global market after $1.8 billion HK listing

Chinese electric vehicle maker Xpeng Inc, which on Wednesday raised $1.8 billion from a Hong Kong listing, will develop future models based on product platforms designed for international markets

Govt extends mandatory installation of airbags in existing models till Dec

The road transport ministry has deferred by four months the mandatory installation of dual airbags for front seats in the existing car models a senior government official said.

SKF India to offer financial support to employees amid Covid-19 pandemic

SKF India on Monday announced COVID-19 support for employees and their immediate family members in the unfortunate event of an employee succumbing to the coronavirus infection

MG Motor India sees retail sales of 5,528 units in March on robust demand

'The highest monthly sales achieved in March 2021 are very encouraging with momentum continuing for our product lines', said the chairman

Tractor sales rise by around 30% in February 2021 to 84,690 units

February 2021 sales were lower compared to January 2021 sales of 87,579 units and production of 96,020 units

TVS Motor Company launches 2021 TVS Apache RTR 160 4V motorcycle

TVS Apache RTR 160 4V motorcycle comes with an advanced 159.7 cc single-cylinder, 4-valve, oil-cooled engine, that churns out 17.63 PS at 9250 RPM and 14.73 Nm torque at 7250 RPM.

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

Sportcars to EVs, new wheels on the block set to drive interest in 2021

The latest sportscars, sedans, SUVs and electric vehicles to look forward to this year

Ford Motor pulls the plug on plans to cede India business to Mahindra

Ford took a $799 million impairment charge in 2019 in anticipation of the asset transfer to Mahindra to account for what it called fair value less cost to sell

Wholesales to grow on low base for all automobile segments: Motilal Oswal

Wholesale volumes in the automobile sector are estimated to grow at 14.4 per cent for two-wheelers on a low base and 5.4 per cent for passenger vehicles due to year-end sales, Motilal Oswal Financial Services said on Tuesday.However, commercial vehicle volumes are likely to decline by 2.8 per cent (LCV growth of 4.7 per cent but restricted by a decline of 11.6 per cent in M & HCVs).At the same time, said the Motilal Oswal report, wholesale volumes for tractors are expected to grow by 38.4 per cent year-on-year on robust demand and lower base.Discounts currently stand 50 per cent as compared to last year. Inventory is lower than normal for passenger vehicles and tractors, leaving headroom for higher inventory filling in the coming months.Wholesales are expected to grow on a low base in December, catering to the spillover demand from the festive season and inventory refilling (for passenger vehicles and tractors).Motilal Oswal said the two-wheeler inventory currently stands at 30 to

Indian automakers fear container shortage to hit parts supply, output

A global surge in demand for certain goods during the pandemic has upended normal trade flows

Isuzu Motors India to increase prices of pick-up range from January

Utility vehicle maker Isuzu Motors India on Monday said it will hike prices of its pick-up range - D-MAX Regular Cab and D-MAX S-CAB - from January 1 to offset increasing input and distribution costs. The increase is expected to be approximately Rs 10,000 from the current ex-showroom price, the company said in a statement. Isuzu Motors India currently sells its D-MAX Regular Cab with prices starting from Rs 8.64 lakh and D-MAX S-CAB with starting price of Rs 10.62 lakh (ex-showroom Mumbai). "The increase in price is due to the increasing input and distribution costs," the company said in the statement. German luxury carmaker BMW too on Monday said it will increase prices of its entire model range in India by up to 2 per cent from next month. Rival Audi has already announced a price increase of up to 2 per cent across its entire model range, effective from January 1. Other automobile makers, including Maruti Suzuki India, Renault India, Honda Cars, Mahindra & Mahindra and Ford ...

BMW to increase vehicle prices in India by up to 2% from January

This applies to BMW's entire model range in India

UK-based Triumph plans to launch 9 new bike models in India during Jan-Jun

Triumph Motorcycles has an aggressive product pipeline for India market in the next six months with nine new bike models, including special editions, slated for launch, a top company executive said

Passenger vehicle retail sales dip 9% in October on supply woes: FADA

Automobile dealers' body FADA said passenger vehicle retail sales in October witnessed a year-on-year decline of 8.8% to 249,860 units, as registrations slowed down owing to supply issues

Hyundai's Chennai factory made more cars than China unit in 2019

This despite the installed capacity in Chennai being just about half that of Beijing

Harley to GM, India's auto market remains elusive for most global firms

Over the last three years, at least three global brands - Harley-Davidson, being the latest - were forced either to exit or scale down their operations

Covid-19 relief: Auto industry organises 7.5 mn face masks, 90,000 PPE kits

The industry has set up production capacities to arrange 60,000-plus ventilators and over 1,700 beds

Top 10 biz headlines: Next stimulus package, weak auto sales and more

Business Standard brings you top 10 business headlines of the day