Page 29 - Automobile Manufacturer

War cry for 50%: Maruti's rise to number 1 in SUVs is the result of rejig

Hatchbacks still constitute 30 per cent of the passenger vehicle market. The top three cars in India are still small cars: Swift, Baleno and WagonR. Incidentally, all three are Maruti models

Impact of Israel-Gaza conflict on auto industry negligible, says Siam

Israel is currently preparing its forces along its border with Gaza for a possible ground operation

No plans to phase out diesel vehicles: BMW India president Vikram Pawah

The company currently has an order book of about 2,000 cars and 1,000 motorcycles

Govt mulls subsidising carmakers investing in local EV production

The government plans to extend incentives to carmakers based on the investments they make to manufacture cars locally, an official aware of the development said

Centre's panel wants car ratings tied to improved connectivity: Draft

"Most sensors do not work well in these scenarios and V2X fills the gap," it added, referring to the connected car technology commonly known as vehicle-to-everything (V2X)

Maruti cranks up capital expenditure with Rs 1.25 trillion 8-year plan

MSIL operates with a total production capacity of 2.25 million units annually, with the Gujarat plant contributing about 750,000 units per annum to this figure

As BYD seeks India expansion, its executives find it tough to get visas

BYD is far from being an outlier, as several Chinese companies from various sectors have faced challenges in getting visas for travel to India

Tata Motors global wholesales up 7% in Q2, Jaguar Land Rover drives growth

Company sequentially posted a 6.3% rise in group global wholesales

Audi India reports 88% growth in sale, beats 2022 sales in first 9 months

The third quarter (July-September) was particularly strong for the company, contributing 37 per cent of the total sales for the year

Semiconductor chip crunch more or less resolved: Hyundai COO Tarun Garg

The company currently sells 13 models, including Creta, Exter and Venue, in India. He said that in 2022, only 18 per cent of the company's models had six airbags as standard

Robert Bosch Automotive Steering pays Rs 10 lakh to settle case with Sebi

Robert Bosch Automotive Steering GmbH, a promoter of Z F Steering Gear (India) Ltd, has settled a case pertaining to alleged violation of disclosure norms with Sebi after paying Rs 10 lakh as the settlement charges. The order came after the applicant had filed a suo motu settlement application proposed to "settle by neither admitting nor denying any conclusions of law or fact". "It is hereby ordered that any proceedings that may be initiated for the violations are settled in respect of the applicant," Sebi's whole time members Ananth Narayan G and Amarjeet Singh said in the settlement order passed on September 27. The applicant was required to make annual disclosures of its shareholding in terms of SAST (Substantial Acquisition of Shares and Takeover) rules, for the financial years 2019-20 and 2020-21 on or before June 01, 2020 and April 9, 2021, respectively. However, it had made delayed disclosures in March 2023 and July 2021, respectively. Robert Bosch Automotive Steering was a

Escorts Sept sales: Tractor sales down 11.2%; construction machine sales up

Year-to-date sales for construction equipment registered a 56.7 per cent rise as the sales zoomed from 1,883 units during Apr-Sep 2022, to 2,950 units for Apr-Sep 2023

As workers begin strike, GM says it offered 7X the required compensation

The erstwhile workers of General Motors India started their indefinite hunger strike on October 2, protesting their alleged non-absorption by Hyundai Motor India

Bajaj Auto September sales: Domestic 2W sales down 9% YoY; CV sales up 60%

Domestic commercial vehicle (CV) sales for Bajaj Auto grew by 60 per cent Y-o-Y as the automaker sold 50,683 units in September 2023, compared to 31,752 units sold in September 2022

Ashok Leyland September sales: Total sales up 9% YoY to 19,202 units

Bus sales for the company more than doubled in domestic sales as Ashok Leyland dispatched 1,851 units in September, which is 119% more than the 847 units sold during the same period a year ago

Tesla misses market estimates for quarterly deliveries, shares fall 3.7%

The electric-vehicle maker handed over 435,059 vehicles in the three months to Sept. 30, down nearly 7% from the preceding quarter

US expands Ford engine probe to 2 motors, nearly 709,000 vehicles

US auto safety investigators have expanded a probe into Ford Motor Co. engine failures to include nearly 709,000 vehicles. The National Highway Traffic Safety Administration also said in documents posted Monday on its website that it upgraded the investigation to an engineering analysis, a step closer to a recall. The investigation now covers Ford's F-150 pickup truck, as well as Explorer, Bronco and Edge SUVs and Lincoln Nautilus and Aviator SUVs. All are from the 2021 and 2022 model years and are equipped with 2.7-liter or 3.0-liter V6 turbocharged engines. The agency says that under normal driving conditions the engines can lose power due to catastrophic engine failure related to allegedly faulty valves. The agency opened its initial investigation in May of last year after getting three letters from owners. Initially the probe was looking at failure of the 2.7-liter engine on Broncos. Since then, Ford reported 861 customer complaints, warranty claims and engine replacements ..

EV maker Rivian beats Q3 delivery estimates after raising production

The Irvine, California-based startup said it was on track to produce 52,000 vehicles in 2023 - a target it raised in August from 50,000 vehicles as supply-chain bottlenecks eased

TVS September sales: Total sales up 6% at 402,553 units; exports up 8% YoY

Motorcycle sales for the company went up 10 per cent with TVS selling 169,322 units in September 2022 to 186,438 units in September 2023

Honda Cars India domestic sales up by 13% at 9,861 units in September

Honda Cars India Ltd on Sunday reported a 13 per cent increase year-on-year in domestic sales at 9,861 units in September 2023. Newly launched mid-size SUV Elevate received good response in the market and the deliveries of the model started from last month, Honda Cars India said in a statement. "The new SUV has emerged as a frontrunner and is contributing significantly to the sales momentum during this festive season," Honda Cars India Ltd Director, Marketing and Sales, Yuichi Murata said. He further said, "The auto industry is experiencing strong demand at the beginning of the festive season. With an extended festive period this year, we expect this momentum to continue, which is very encouraging." Exports last month stood at 1,310 units, the company said.