Page 14 - Automobile Manufacturer

Bajaj Auto gets DVA certificate for all 15 electric vehicle models

Most companies still have DVA certificates pending or under review by MHI

Motorcycle brand BSA debuts in India; Gold Star 650 priced at Rs 2.99 lakh

Mahindra Group-owned iconic motorcycle brand BSA made its debut in India on Thursday with the launch of 652-cc Gold Star 650 model priced at Rs 2.99 lakh (ex showroom Delhi). One of the oldest motorcycle companies in the world, Birmingham Small Arms Company (BSA), was acquired by the Mahindra group's premium motorcycles arm Classic Legends in 2016. Classic Legends sells Jawa and Yezdi motorcycles in the country. The BSA Gold Star 650, which made a comeback in the UK in 2021, is currently being sold in Europe, Turkey, New Zealand, and the Philippines. "Bringing BSA to India is about sharing a piece of world motorcycling history with India. That indomitable spirit of BSA, a brand built in the fires of battle, is imbued in the new Gold Star," said Anand Mahindra, Chairman Mahindra Group at the launch. The BSA brand is also set to enter the US, Australia, and Japan markets soon, the company said. Earlier this month, Classic Legends Private Limited (CLPL) inked a joint venture (JV) pa

India likely to beat China to be largest two-wheeler nation in CY24

The projections are based on both electric as well as ICE-powered two-wheelers

Eicher Motors Q1 results: Profit rises 20% to Rs 1,101 cr on strong sales

Eicher clocked record-high sales in the previous two fiscal years due to strong demand from urban consumers, its key demographic

Tata Motors looks to ace last-mile delivery with a sub-600 kg SCV

The upcoming sub-600 kg four-wheeler small commercial vehicle (SCV) is also likely to take on three-wheeler dominance

Ford may re-enter India after 2021 exit as western markets face speed bumps

Ford's re-entry strategy will involve new investments, a focus on electric vehicles and sustainability, among other objectives

Global burger chains to car makers hit as recovery falters in China

China's $18.6 trillion economy grew more slowly than expected in the second quarter, and cautious households are building up savings and paying off debts

Govt capex, rural demand may spur M&M's ride: MD & CEO Anish Shah

When asked about the government's nudge to private companies to invest in new capacities, Shah said the group has already raised its automobile division capacity by 3x in the last four years

Tata Motors' board approves proposal to demerge into two listed companies

The transaction is subject to necessary shareholders, creditors, and regulatory approvals, which can take around 12-15 months to complete

Bajaj Auto, TVS lead the charge in electric two-wheeler sales surge

The volume push was led by Bajaj, which saw its vehicle registrations go up by a staggering 79 per cent to hit 16,269 in July over the previous month

M&M net profit slips 6%; CEO says firm will deliver scale in FY25

PAT excluding last yr's one-off gains rises 20%

Among top 10 most-valued auto firms globally, TaMo drives into elite club

Earlier this year, Tata Motors announced that it would form two separate companies, with one housing the commercial vehicles business and the other passenger vehicles businesses, including JLR

Toyota Motor project will revolutionise automobile sector: Maha CM Shinde

Toyota Kirloskar Motor (TKM) on Wednesday signed an agreement with the Maharashtra government to manufacture electric and hybrid cars, which Chief Minister Eknath Shinde said would revolutionise the automobile sector. The MoU (Memorandum of Understanding) was signed at Sahyadri Guest House in Mumbai. The company has inked the MoU to examine the setting up of a greenfield manufacturing facility at Chhatrapati Sambhaji Nagar, Toyota Kirloskar Motor (TKM) said in a statement. "Under the project, 4 lakh electric and hybrid cars are expected to be manufactured every year with an investment of Rs 20,000 crore, generating 8,000 direct jobs and indirect employment for 8,000. This project will revolutionise the automobile sector," Shinde said. Deputy Chief Minister Devendra Fadnavis stated: "Transforming Maharashtra, Developing Marathwada! Reaffirming its commitment to India; Toyota Kirloskar Motors is set to launch a Green Field Manufacturing Facility in Maharashtra!" He said 850 acres of

Since Japan launch, Honda Elevate exports nearly double of India sales

Between April and June 2024 Honda exported 10,659 units of the Elevate meanwhile it sold 5,435 units of the Elevate in Indian market

Wheels India records strong net profit of Rs 25cr in Q1 due to cost control

Leading manufacturer of wheels for trucks, tractors and passenger vehicles Wheels India Ltd has reported a net profit of Rs 25.37 crore for the April-June 2024 quarter, thanks to cost control measures and change in the product mix, a top official of the company has said. The city-based company had recorded a net profit of Rs 13.22 crore in the corresponding quarter last year. "A change in the product mix, increased focus on cost control and some improvement in the CV (commercial vehicles) business has contributed to the strong profit in Q1," Wheels India Ltd MD Srivats Ram said. Total revenues during the quarter under review stood at Rs 1,088.20 crore, as against Rs 1,133.02 crore in the same quarter last year. Wheels India has earmarked Rs 225 crore as capital expenditure for the current financial year towards taking up expansion of the cast aluminium and machining for windmill castings businesses. The company is planning to increase the production capacity of aluminium wheels fr

Toyota global output tumbles in June, dragged down by Japan and China

In China, where domestic electric vehicle makers like BYD have rapidly gained market share and have aggressively cut prices, production fell 21.7% - marking the fifth month in a row

Tata Motors-JLR project in Tamil Nadu to get going in two months

Over 400 acres zeroed in at Panapakkam, 90 km from Chennai

Auto industry wants CVs to be a part of FAME scheme: Dheeraj Hinduja

Hinduja talks about the Red Sea crisis, the Faster Adoption and Manufacturing of Electric (And Hybrid) Vehicles (FAME) scheme, and industry growth this fiscal year

Ford slips as higher costs, EV segment take a toll on profit growth

Analysts at Piper Sandler cited these 'unwelcome warranty headwinds' as the reason for the stock slump

Auto component industry turnover up 10% at Rs 6.14 trn in FY24: ACMA

The turnover of the automotive component industry rose by 9.8 per cent year-on-year to Rs 6.14 lakh crore for the fiscal ended March 31, 2024, industry body ACMA said on Thursday. The industry had reported a turnover of Rs 5.59 lakh crore in the 2022-23 financial year. Component supply to OEMs (original equipment manufacturers) in the domestic market grew by 8.9 per cent to Rs 5.18 lakh crore, with supply to the EV manufacturing industry accounting for 6 per cent of the total component production in the country, the Automotive Component Manufacturers Association of India (ACMA) stated. Exports grew by 5.5 per cent year-on-year to USD 21.2 billion in the last fiscal while imports grew by 3 per cent to USD 20.9 billion, thus resulting in a trade surplus of USD 300 million, it stated. The aftermarket, estimated at Rs 93,886 crore, also witnessed a growth of 10 per cent in FY24, ACMA said. "It is pertinent to note that apart from an increase in vehicle production, higher value additio