Page 18 - Automobile Manufacturer

Cruise to resume 'robotaxi' tests with safety drivers in Phoenix, Arizona

The company is set to announce and begin the testing as early as Tuesday, the report said, citing people familiar with the matter

India's consumption story gets a facelift as rural demand shows promise

FMCG companies have also witnessed a pick-up in rural areas.

BMW Group India begins Q1 2024 with 51% sales growth to 3,680 units

Luxury Class cars also performed well, with a 152 per cent growth for BMW. Models like the 7 Series, X7, and the new XM played a key role in this achievement

BMW Group reports highest-ever first quarter car sales at 3,680 units

BMW Group India on Monday reported its highest-ever first quarter car sales at 3,680 units in the three months to March 2024. The company sales rose 51 per cent in the first quarter of this fiscal as compared to 2,440 units in the January-March quarter of 2022-23. Besides, BMW Motorrad sales stood at 1,810 units in the first quarter. "Our key car models are at the top of their game and with significant new launches in the pipeline, we will raise the heat in luxury market," BMW Group India President Vikram Pawah said in a statement.

Honda Cars India names Ryuto Shimzu as new director of marketing-sales

Honda Cars India on Thursday said it has appointed Ryuto Shimizu as the company's new Director (Marketing & Sales). He replaces Yuichi Murata who has moved to Honda Mexico as President. Shimizu has been associated with Honda for over 25 years and has worked across several international markets during the span of his career including Japan, China and Thailand, the automaker said in a statement. He has worked across the domain of marketing & sales including product planning, overseas operations, and business planning, among others, it added. Prior to joining Honda Cars India, he was in-charge of the Business Planning Office at Honda Automobile (Thailand) Co Ltd from 2021-2023.

Yulu partners with Yuva Mobility to launch its e2W service in Indore

Yulu is partnering with local businesses through their Yulu Business Partner (YBP) initiative to expand to other cities

Tesla misses sales estimates in first drop since 2020, shares decline 5.5%

Shares of Tesla fell 5.5% to $165.54 as of 9:33 a.m. in New York. The stock is down about 33% this year

HMSI reports 81% surge in domestic sales at 358,151 units in March

Honda Motorcycle and Scooter India on Tuesday reported an 81 per cent year-on-year jump in domestic wholesales at 3,58,151 units in March. The company had dispatched 1,97,542 units to its dealers in March 2023. Exports increased 95 per cent to 28,304 units last month from 14,460 units in March 2023, Honda Motorcycle & Scooter India (HMSI) said in a statement. The total sales rose to 3,86,455 units last month against 2,12,002 units in the same month last year, it added. Besides, the grew 12 per cent to 48,93,522 units in FY24 compared to 43,50,967 units in FY23, HMSI said.

Maruti Suzuki's total sales increase by 10% to 187,196 units in March

Maruti Suzuki India on Monday reported a 10 per cent rise in total sales at 1,87,196 units in March this year as compared to 1,70,071 units in the same month last year. In the year 2023-24, the company crossed an annual total sales milestone of 20 lakh units with highest-ever yearly domestic sales of 1,793,644 units and record exports of 2,83,067 units, Maruti Suzuki India (MSI) said in a statement. In March, the company's total domestic dispatches to dealers, including passenger vehicles and light commercial vehicles and OEM (Original Equipment Manufacturer) sales, stood at 1,61,304 units as compared to 1,39,952 units in the year-ago month, a growth of 15.26 per cent, MSI said in a statement. Passenger vehicle sales in the domestic market were at 1,52,718 units last month as compared to 1,32,763 units in the year-ago period, up 15 per cent, it added. Sales of mini-segment cars comprising Alto and S-Presso models were marginally higher at 11,829 units as compared to 11,582 units i

Robust rural growth, strong demand for SUVs drive car sales in FY24

The SUV segment's market share in the total Indian PV market grew from 40.1 per cent in FY22 to 43 per cent in FY23, and further surged to 50.4 per cent in FY24

Tata Motors' total domestic wholesales rise 2% to 90,822 units in March

Tata Motors on Monday reported a 2 per cent rise in its total domestic wholesales at 90,822 units in March. In the year-ago period, the company posted total domestic wholesales of 89,351 units. Sales of passenger vehicles, including electric vehicles, in the domestic market, were at 50,297 units in March as compared to 44,225 units in the same period last year, up 14 per cent, it added. Total commercial vehicle dispatches in the domestic market last month stood at 40,712 units, down 10 per cent as against 45,307 units in March 2023. For the fiscal ended March 31, 2024, the company said its total wholesales in the domestic market stood at 9,49,015 units, up 2 per cent from 9,31,957 units in 2022-23. Last fiscal, passenger vehicle wholesales stood at 5,73,495 units, up 6 per cent from 5,41,087 units in FY2022-23. Commercial vehicle dispatches in the domestic market declined by 4 per cent to 3,78,060 units last fiscal from 3,93,317 units in the year-ago period. "In FY24, the compan

Toyota Kirloskar sees highest-ever monthly sales at 27,180 units in March

Toyota Kirloskar Motor on Monday reported its highest-ever monthly wholesales at 27,180 units in March. The company's total dispatches to dealers increased 25 per cent last month to 22,910 units as compared with 21,783 units in March 2023. For the 2023-24 fiscal the company reported the highest-ever wholesales of 2,63,512 units, an increase of 48 per cent as against 1,77,683 units in 2022-23. "We are thrilled to close both our wholesales for 2023-24 fiscal year and March 2024 by recording the highest-ever units of 2,63,512 and 27,180 respectively," Toyota Kirloskar Motor (TKM) Vice President, Sales-Service-Used Car Business Sabari Manohar said in a statement. With a customer-oriented approach, the company has always remained ahead in assessing and understanding the diverse needs of varied customers and market trends, serving them the best with our wider range of quality products and services, he added. "We will continue to do so with an emphasis to meet the rising consumer demands

Citing 'disparity', Electric two-wheeler manufacturers call for GST reforms

This is a major concern for the industry, especially for start-ups, as it increases costs and makes it difficult to manage working capital, the industry feels

A smooth ride: Electric 2-wheeler registrations cross 100K in a month again

As of Thursday, registrations of electric two-wheeler vehicles have already surpassed 100,031 - an increase of over 25 per cent compared to the previous month

Toyota Kirloskar Motor to raise prices on select vehicles from April 1

Automaker Toyota Kirloskar Motor on Thursday said it plans to increase prices of select vehicles up to 1 per cent from April 1 citing rising input costs and operational expenditures. In a statement, the company said it is planning to increase prices of certain grades of its specific models effective April, 1 2024. "With an anticipated 1 per cent increase, the move is attributed to escalating input costs and operational expenditures," Toyota Kirloskar Motor (TKM) said. TKM sells a range of vehicles starting from hatchback Glanza to premium SUV Fortuner which are priced between Rs 6.86 lakh and Rs 51.44 lakh.

Renault Nissan JV to launch four new products, expand product portfolio

The Renault Nissan Alliance, a joint venture between automakers Japan-based Nissan and France headquartered Renault would launch four new products in the near future, a top official said here on Wednesday. Renault Nissan Alliance Chairperson Jean-Dominique Senard said India is at the heart of the alliance and every part of car manufacturing happens at the India plant. Renault Nissan Automotive India Pvt Ltd is a joint venture company between Nissan and Renault in India and currently retails five products with two being sold under the Nissan platform and three with the Renault badge. On a short visit to the city, Senard, flanked by Nissan Motor Corporation President and CEO Makoto Uchida and Renault Group CEO Luca de Meo, said March 27th marks the 25th anniversary of the alliance in India. "This is our first visit to India and India will continue to have a major role in our alliance. The alliance has invested USD 1.8 billion so far", he told reporters. "India is at the heart of the

Nissan will invest in Renault EV unit even though IPO scrapped: CEO

"Therefore, regardless of the IPO whatsoever, we are looking at Ampere. We are already discussing about Ampere, our investment."

Daimler India CV posts record sales in 2023 boosting growth in revenue

Daimler India Commercial Vehicles, the subsidiary of truck manufacturer Daimler Truck AG, recorded a 39 per cent growth in sales of trucks and buses in 2023, a top official said on Tuesday. The Indian subsidiary of Germany-based Daimler Truck posted a 13 per cent growth in cumulative sales in 2023 backed by strong product demand, thereby boosting a surge in revenues, the official said. In 2023, sales of domestic trucks and buses grew by 39 per cent while revenues went up by 21 per cent. The auto parts business also witnessed a 21 per cent growth last year. The company recorded a 107 per cent sales of buses in 2023, while cumulatively (including exports) sales grew by 13 per cent as compared to 2022. "Our best sales and financial growth since inception was spearheaded by excellent demand for our tipper and trailer product lines which grew 53 per cent and 79 per cent respectively. A slew of strategic initiatives that we undertook in 2023 also helped us to make informed decisions on .

Nissan Motor plans to launch three all-new models in India by FY26

Japanese auto major Nissan Motor Co Ltd plans to launch three all-new models in India by fiscal year 2026 and make the country a hub for exports under its new global business plan to drive value and strengthen competitiveness, according to a company statement. Under the new plan, which is split into mid-term imperatives for fiscal years 2024 through 2026, and mid-long-term actions to be carried out through 2030, the company is targeting additional 10 lakh unit sales compared to fiscal year 2023. Globally, Nissan plans to launch 30 new models over the next three years, of which 16 will be electrified, and 14 will be ICE (international combustion engine) models, to meet the diversified customer needs in markets where the pace of electrification differs, the company said. It plans to launch a total of 34 electrified models from fiscal year 2024 and 2030 to cover all segments, with the model mix of electrified vehicles expected to account for 40 per cent globally by fiscal year 2026 and

German carmaker Volkswagen to tap demand for performance-oriented vehicles

Bullish on the growth of the sub-segment, he said it has been fuelled by how the customer preferences are evolving over a period of time