Page 26 - Automobile Manufacturer

Honda Cars India domestic sales rise 12% to 7,902 units in December

Honda Cars India Ltd on Monday reported a 12 per cent rise in domestic sales at 7,902 units in December as compared to 7,062 units units in the same month a year ago. Exports stood at 3,749 units last month as against 1,388 units in December 2022, Honda Cars India Ltd (HCIL) said in a statement. "The sales momentum in December has been extremely positive for us in both factory despatches and retail as our network maximised the deliveries for the new SUV Elevate to our customers," HCIL Director, Marketing and Sales, Yuichi Murata, said. He said the company is looking forward to 2024 "with tremendous positivity and optimism" with strong sales momentum and growing market potential, backed by a robust business plan.

Automobile major VECV sales grow over 11% to 8,026 units in Dec 2023

Eicher Motors Ltd on Monday said its arm VE Commercial Vehicles Ltd posted an 11.1 per cent growth in total sales at 8,026 units in December 2023. VE Commercial Vehicles (VECV), a joint venture of the Volvo Group and Eicher Motors, had sold 7,221 units in December 2022, Eicher Motors said in a regulatory filing. December 2023 sales included 7,789 units of the Eicher brand and 237 units of the Volvo brand, it added. In the domestic commercial vehicles market, Eicher branded trucks and buses recorded sales of 7,468 units last month as compared to 6,671 units in December 2022. Exports of Eicher branded trucks and buses were down 3.3 per cent at 321 units as against 332 units in December 2022, it added.

Maruti saw biggest jump in average revenue earned per car in 2023 at 13%

In 2022, MSIL had experienced an 11.98 per cent Y-o-Y increase in average revenue per car

Year ender 2023: Top auto launches of the year and what to expect in 2024

In 2023, Maruti Suzuki launched the Baleno-based crossover, Fronx, Brezza's facelift, and an all-new Grand Vitara in the SUV space and grabbed more than 50% share of the segment

Chinese automaker BYD's first car factory in Europe planned in Hungary

Chinese automaker BYD said on Friday that it plans to build a new electric vehicle plant in Hungary, its first car factory in Europe, as part of its rapid global expansion. Hungary will be the centre for its European operations, BYD said in a notice on its Weibo social media account. BYD, based in the southern Chinese city of Shenzhen, said it plans to create thousands of jobs in creating a local green ecosystem for manufacturing its electric vehicles. The factory will have an advanced production line and will be built in phases, it said without giving details on the amount of money to be invested. BYD is among EV manufacturers making fast inroads into Europe, to the extent that European regulators have begun a probe into Chinese government support for the industry. The company, whose name stands for Build Your Dreams, began direct EV sales in Hungary in October. The company says it plans to launch three new models in Europe within the coming year in addition to the five models it

Tata Curvv to Harrier EV: Here are cars Tata Motors will launch in 2024

Tata Motors will add two more electric cars to its portfolio, along with a facelift variant of Altroz

Tata Motors expects best sales in 2024 on back of fresh portfolio

Automaker plans to have 10 EV models by 2026 including the upcoming Harrier EV and Punch EV: MD Shailesh Chandra

Toyota's Daihatsu to halt all vehicle shipments, in widening safety scandal

Toyota Motor's Daihatsu unit will halt shipments of all of its vehicles, Japan's biggest automaker said on Wednesday, after a safety scandal investigation found issues involving 64 models

Why Maruti remains big on small cars, even when India shifts to larger cars

MSIL, the quintessential maker of small cars, has not fallen short of taking a bet on small hatchbacks even when there seems to be a structural shift in the Indian market towards larger cars

US opens probe into over 450,000 Nissan vehicles on engine failure concerns

The Japanese automaker has looked to address main bearing and L-link damage or seizures on the engines by introducing multiple manufacturing process changes over time, the regulator said

Maruti Suzuki's 2024 launches: Know about new cars, prices, specs, and more

Maruti will also join the EV bandwagon with its first born-electric SUV, the eVX, which is slated to be launched in India towards the end of 2024

India's light vehicle market fastest growing among top 10 markets: S&P

Auto sales in India reached a record high of 3.8 million units in the FY23, surpassing the pre-Covid peak of 3.3 million units seen in FY19

Audi, ChargeZone inaugurate ultra-fast charging station in Mumbai

German luxury car manufacturer Audi on Thursday inaugurated an ultra-fast charging station, conceptualised and developed in collaboration with ChargeZone, in Bandra Kurla Complex (BKC) here. Claiming to be India's first ultra-fast charging station, it has a total capacity of 450 KW, which delivers 360 KW of power to an electric vehicle, Audi India said in a statement. Currently, Audi India has the luxury EV portfolio with six electric cars -- ?Q8 50 e-tron, Q8 55 e-tron, Q8 Sportback 50 e-tron, Q8 Sportback 55 e-tron, e-tron GT and RS e-tron GT -- in India. According to the company, this charger can charge Audi Q8 55 e-tron with a 114 KWH battery from 20 per cent to 80 per cent in just 26 minutes. "The inauguration of India's first, ultra-fast charging station by Audi India is a significant milestone in our ongoing efforts to develop a comprehensive electric vehicle ecosystem for our valued customers," Balbir Singh Dhillon, Head of Audi India, said. The company said its e-tron ...

40 years of Maruti 800: Jairam Ramesh recalls contribution of Indira, Rajiv

Senior Congress leader Jairam Ramesh on Thursday recalled the launch of people's car Maruti 800 40 years ago, and said Indira Gandhi and Rajiv Gandhi played a quiet but hugely effective role in the background. Former environment minister Ramesh also said that while celebrating Maruti-Suzuki and its multiple impacts, let us also pause and worry a bit from the inequality and climate change point of view that more than 50 per cent of car sales are now of SUVs. In a post on X, Ramesh said, "Today 40 years ago, the consumer revolution overtook India and its engineering industry got transformed. The Maruti 800, the people's car was launched and the nation recalls Indira Gandhi and Rajiv Gandhi, who played a quiet but hugely effective role in the background." It is also important to recall O Suzuki and V Krishnamurthy who made the landmark Suzuki-Maruti joint venture possible, he noted. Krishnamurthy had earlier built BHEL and was to later turn around SAIL, Ramesh pointed out. "One of th

M&M, investors to put Rs 875 cr in Classic Legends over next 2-3 years

CLPL revived heritage brands like Yezdi and Jawa. However, it has been able to gain significant market share in the premium segment, which is still largely dominated by Eicher Motors' Royal Enfield

Manufacturing sector expected to reach $1 trn by 2025-26 led by Gujarat

The automobile, electronics, and textile sectors in India have witnessed surge in investment and will lead the manufacturing sector's growth in India, according to a report by Colliers

Passenger vehicles cruise to a record, small car sales skid 21% in Nov

Rajesh Menon, Director General of SIAM, said, "Passenger Vehicles posted the highest ever sales in November 2023 of 3.34 lakh units, albeit with a growth rate of 3.7 per cent

Volkswagen India, Skoda set to hike prices by up to 2% from January

Volkswagen Passenger Cars India on Tuesday said it plans to hike prices by up to 2 per cent across model range to offset adverse impact of rising input and material costs from January 1, 2024. Already other manufacturers such as Maruti Suzuki, Hyundai Motor India, Tata Motors, Mahindra & Mahindra, Honda, Audi and BMW, have announced plans to increase prices of their vehicles in January. Effective January 1, 2024, the company plans to hike prices by up to 2 per cent across its model range owing to rising input and material costs, a spokesperson of Volkswagen Passenger Cars India said in a statement. "While the brand continues to absorb most of the input cost increase, however, some impact will have to be passed on to the end consumers," it added. Volkswagen Passenger Cars India sells vehicles ranging from mid-sized sedan Virtus to premium SUV Tiguan priced between Rs 11.48 lakh and Rs 35.17 lakh.

JSW Group, China's SAIC Motor begin negotiations on royalty fees

China's largest auto firm keen to get higher royalty fee; JSW group wants to go with industry benchmark

Election code impacts commercial vehicle sales in post-festival period

When asked about this, a company executive of a leading CV player said that the figures for only one month were down due to some stock correction happening at the retail end