Page 27 - Automobile Manufacturer

Audi India raises prices of vehicles by 2% from Jan 1 on rising input costs

Audi India registered an 88 per cent growth and has retailed 5,530 units in the first nine months of this year

Audi India to hike prices of vehicles by up to 2% from January 2024

German luxury car maker Audi on Monday said it will hike prices of its vehicles in India by up to 2 per cent from January next year citing rising input and operational costs. The price hike will be effective from January 1, 2024 and will be across the model range, Audi India said in a statement. "Due to rising supply-chain-related input and operational costs, we have effected a price correction across our model range, maintaining the brand's premium price positioning," Audi India Head Balbir Singh Dhillon said in a statement. He further said, "the price correction aims to ensure sustainable growth for Audi India and our dealer partners, and we will ensure that the price hike's impact is as minimal as possible for customers." Audi India sells a range of vehicles from Q3 SUV to sports car RSQ8 priced between Rs 42.77 lakh and Rs 2.22 crore.

Toyota Kirloskar Motor to invest Rs 3,300 cr to set up new Karnataka plant

Toyota Kirloskar Motor on Tuesday announced plans to invest Rs 3,300 crore to set up its third plant at Bidadi in Karnataka. The new unit, which will commence production by 2026, will have an annual capacity of 1 lakh units in two shifts. It will come up at the company's existing facility at Bidadi, near here where it currently has two units with a combined installed production capacity of up to 3.42 lakh units annually. The new plant, apart from producing multi-utility vehicle Innova HyCross, will be "future ready" to roll out models spanning across different fuel technologies, Toyota Kirloskar Motor (TKM) Executive Vice President & Country Head Vikram Gulati told PTI. "I believe, we are as a company future-ready, both in terms of access to technology, access to well-accepted products across various powertrains as also access to the ability to bring these products to market," he said. He further said in the industry, it doesn't take too much for the same line or some lines to be

Renault to launch Duster SUV's new iteration, here's what to expect

The new iteration of Renault Duster is expected to be released across the world. The French giant is expected to launch the car on November 29, 2023

Hyundai Motor sets sight on domestic sales of 600,000 units in CY2023

HMIL also reiterated its plans to invest around Rs 20,000 crore strategically towards building an electric vehicle (EV) ecosystem in India

Renault sets out targets for EV unit Ampere, says won't sell it cheap

The group set out financial targets for the unit, including an expected break-even in 2025 and an operating margin of at least 10% from 2030

Bumpy road! Pakistan car sales continue to fall; 6,200 units sold in Oct

Motorcycle sales in Pakistan have declined by around 10% in the first four months of the financial year, which is largely due to the decreasing purchasing capacity among the common masses

M&M Q2FY24 results: Profit hits brakes; consolidated net down 15%

On a sequential basis, the company's net profit declined 33 per cent from Rs 3,508 crore in the previous quarter, while it posted a 1.6 per cent rise in revenue from operations

PV wholesales touch all-time high for October even as car sales dip

The growth of the Passenger Vehicle (PV) segment is coming from the utility vehicles which clocked a Y-o-Y growth of 40 per cent to 198,356 units in October

Oct auto retail sales dip 8% due to Shraddh period; Navratri sales up 18%

Navratri of 2023 marked a milestone, with retail sales soaring by 18 per cent year-over-year, surpassing the figures of Navratri 2017

Retail sales of automobile in domestic market dip 7.73% in Oct: FADA

Retail sales of automobiles in the domestic market saw a 7.73 per cent year-on-year decline in October this year at 21,17,596 units, mainly due to dip in two-wheeler uptake with the inauspicious period of Shraddh affecting new purchases, the Federation of Automobile Dealers Associations (FADA) said on Monday. Retail sales of automobiles in the domestic market stood at 22,95,099 units in October 2022, FADA said in a statement. Two-wheeler retail sales were at 15,07,756 units last month, as against 17,25,043 units in the year-ago period, down 12.60 per cent, as per the latest data by FADA. Similarly, passenger vehicle (PV) retail also declined by 1.35 per cent at 3,53,990 last month, as compared to 3,58,884 units in October 2022. On the other hand, three-wheeler sales were up 45.63 per cent at 1,04,711 units, as compared to 71,903 units in the year-ago month. Tractor retail sales also grew by 6.15 per cent at 62,440 units, as against 58,823 units in October 2022. Commercial vehicle

Explained: How UAW's drive to 'end tiers' will change GM Detroit

The contract will largely unwind a strategy the automaker has used for years to hold down labor costs, UAW officials have said

Record sales in sight for 2023, Mercedes-Benz India bullish on 2024 outlook

Set for another record sales this year, Mercedes-Benz India is confident of carrying forward the momentum to 2024 despite supply concerns, company Managing Director and CEO Santosh Iyer said on Thursday. The company on Thursday launched two fresh products -- new SUV GLE priced between Rs 96.4 lakh to Rs 1.15 crore and AMG C 43 with price starting at Rs 98 lakh, completing its planned launch of ten products for 2023. "Overall yes, another record year for us. We still have two months to go but at this stage from a demand perspective (it is) strong. From the supply side, we have to improve from here on and with that we should end the year on a high note," Iyer told PTI in an interview on the sidelines of the launch here. He was responding to a query on whether the company is set for another record sales in 2023 after witnessing a new high in 2022 when it clocked 15,822 units. In the January-September 2023 period, the company delivered 12,768 units at a growth of 11 per cent over the s

Hero Moto's consolidated net profit jumps 47.6% to Rs 1,007 crore

Regarding sales volume, the company recorded 14.16 lakh units of motorcycles and scooters sold during the quarter

Honda Cars posts 17% increase in total sales to 13,083 units in October

Honda Cars India on Wednesday posted a 17 per cent increase in total wholesales at 13,083 units in October. The company had dispatched 11,221 units in the year-ago period, the automaker said in a statement. Domestic sales stood at 9,400 units last month as against 9,543 units a year ago. Exports grew to 3,683 units last month as against 1,678 units in October last year, it added. "There is a strong demand during the festival period with incredible response for our new model Elevate from our customers. We are actively working to meet the strong demand for the model," Honda Cars India Director (Marketing and Sales) Yuichi Murata said. The City and Amaze models have also maintained their good performance, he added. "As we near the auspicious celebrations of Dhanteras and Diwali, our dealerships are focusing on maximising deliveries to our esteemed customers," Murata said.

Ashok Leyland posts 13% rise in total sales to 16,864 units in October

Commercial vehicle maker Ashok Leyland on Wednesday reported a 13 per cent increase in total sales at 16,864 units in October as compared to 14,863 units in the same month last year. Domestic sales were up 14 per cent at 15,759 units as against 13,860 units in October 2022, Ashok Leyland said in a statement. Sales of medium and heavy commercial vehicles in the domestic market were at 9,411 units as against 8,189 units in the year-ago period, up 15 per cent, it added. Light commercial vehicle sales in the domestic market last month stood at 6,348 units as against 5,671 units in the year-ago period, up 12 per cent, the company added.

Maruti Suzuki records highest-ever monthly sale; sells 199,217 units in Oct

Utility vehicle sales for the company stood at 59,147 units in October 2023 which was almost double the 30,971 units sold in October 2022

Renault lines up € 3 bn investment, 8 new models to expand global reach

International Game Plan for 2027 to include areas outside Europe, including India

Can electric vehicle maker BYD Auto put its India dreams back on track?

To reach anywhere close to the 30% target, BYD will have to introduce affordable electric cars that can generate substantial volumes, and back it up with a strong network

General Motors withdraws its 2023 guidance, UAW strikes SUV plant

With the UAW clash throttling revenue and profits, Chief Executive Mary Barra told investors the automaker will slow its electric vehicle strategy to put profits ahead of sales targets