Page 32 - Automobile Manufacturer

Bajaj Auto net profit up 41.35% YoY at Rs 1,644 cr, revenue rises 29.4%

Sales also saw a year-on-year jump of 10 per cent to reach 1,027,091 units

TVS Motor Q1 results: Net profit rises 42% to Rs 434 cr, revenue up 24%

The overall two-wheeler and three-wheeler sales including exports grew by 5% registering sales of 9.53 lakh units in the quarter ended June 2023

Ashok Leyland embarks on cross-country expedition marking 75th anniversary

Commercial vehicle manufacturer Ashok Leyland has embarked on a 'Dream Drive' expedition that would cover cities and dealerships across the country marking its 75th anniversary celebrations, the company said on Monday. As many as 10 vehicles would be traversing across cities including Bengaluru, Mumbai, Leh, Kolkata, Dibrugarh, on five different routes commemorating the occasion. The Hinduja Group company is headquartered in Chennai. "As we embark on the 'Dream Drive' to mark the 75th year anniversary celebrations of Ashok Leyland, we reflect upon the journey that has run parallel to the development of our nation," company executive chairman Dheeraj Hinduja, who flagged off the event on Sunday, said in a company statement. "The 'Dream Drive' represents our renewed pledge to further shape the future of the CV industry to support India's economic development for years to come," he added.

Nissan, Renault to announce restructured alliance deal in days: Report

That timeline slipped when senior Nissan executives and some directors challenged detailed provisions of deal and the benefits and protections for Nissan's intellectual property

TVS Motor partners with Indian Army to celebrate Kargil Vijay Diwas

An all-women motorcycle rally has been organised to commemorate the Kargil Vijay Diwas. As a part of this, 25 women riders will ride TVS Ronin motorcycles to Dras

Mahindra Thar, XUV300, Bolero selling at up to Rs 73,000 off in July 2023

Select Mahindra dealerships in India are offering high discounts on different car models from Rs 5,000 to 73,000, which includes cash discounts and other benefits

Indian Army places order for 1,850 Scorpio Classics to replace Gypsy

The new batch of Scorpio Classic SUVs being sold to the Indian Army are painted in a shade of green and come fitted with five-spoke silver alloy wheels, fog lamps, side steps, and roof rails

BMW India expects double-digit growth in 2023, chip supply a challenge

Company expects one-third of sales will come from the online channel, says its India president in interview

Ashok Leyland bags orders worth Rs 800 cr to supply defence vehicles

Company will deliver to the Indian Army field artillery tractor and gun-towing vehicle

Bharat NCAP right step to encourage production of safe cars: Auto Cos

Auto majors Mahindra & Mahindra, Maruti Suzuki and Toyota have termed the upcoming Bharat New Car Assessment Programme (BNCAP) as a bold step in the right direction for the domestic industry. While welcoming the initiative, the automakers noted that it would encourage the production of safer cars in the country. "We at Mahindra believe it is one of the bold steps by the Ministry of road transport and we welcome the implementation of Bharat NCAP," Mahindra & Mahindra President, Automotive Technology and Product Development Velusamy R told PTI. This initiative of MoRTH will generate equal opportunities and create healthy competition among OEMs to make safer models for Indian customers, he added. "It is also expected that the government should give some benefits to OEMs that make safer cars to encourage them to continue to do so. This will encourage OEMs to make their cars much safer and offer them to Indian customers at reasonable prices," Velusamy R stated. Maruti Suzuki India .

Kia India receives record 13,424 first-day bookings for new Seltos

Kia India on Saturday said it has received record 13,424 bookings for the updated version of Seltos on the first day of commencing the bookings. Out of these, 1,973 bookings were done using the K-Code which was a special programme to expand the Seltos community by giving existing Seltos owners special access to unlock high-priority delivery for the new potential buyers, the automaker said in a statement. The bookings for the new Kia Seltos commenced on July 14. "We are confident that the new Seltos will reinvent and grow the mid-SUV segment further. Whether its design language, segment-first, and segment-best features, Seltos continues to set newer benchmarks for the industry," Kia India Managing Director and CEO Tae-Jin Park said. Building upon the tremendous success of the K-Code initiative, the automaker is actively exploring the possibility of extending this programme to future launches as well, he added.

China's BYD proposes $1 bn India plan to build EVs, batteries: Reports

The longer-term plan is to build a full line-up of BYD-brand electric cars in India from hatchbacks to luxury models, one of the three people said

Kia India crosses 1mn production mark; to start bookings for new Seltos

Kia India on Thursday said it has crossed the 10 lakh production milestone since making its debut in the market in 2019. The company rolled out the new Seltos from its Anantapur-based plant to mark the occasion. Kia also announced that pre-bookings of the model would commence in the country on July 14. "This is a big moment for us, our employees, and our partners who have lived and supported our journey and helped us in making Kia an integral part of Indian consumer's lives today," Kia India Managing Director and CEO Tae-Jin Park said in a statement. The new Seltos marks the beginning of an exhilarating chapter in the country as the automaker continues to drive towards automotive excellence in the Indian market, he added. Kia made its entry into the Indian market with the launch of Seltos in August 2019.

MG ZS EV ADAS updates: Lane keep assist, adaptive cruise control, and more

The car also comes with Traffic Jam Assist (TJA) to facilitate a smoother driving experience

Passenger vehicle sales up 2% YoY in June, 3W sales almost double: Siam

Two-wheeler sales registered a slight jump of 1.68% as the sales touched 1,330,826 in June 2023, compared to 1,308,764 in June 2022

Hyundai drives in micro SUV Exter with price starting at Rs 5.99 lakh

Hyundai Motor India on Monday forayed into the entry-level SUV segment in the country with the launch of all-new model Exter, with introductory prices ranging between Rs 5.99 lakh and Rs 9.31 lakh (ex-showroom). The model, which competes directly with Tata Motors Punch, comes powered by a 1.2-litre petrol engine mated with both manual and automatic variants. The five-speed manual trims, which deliver fuel efficiency of 19.4 km per litre are priced between Rs 5.99 lakh and Rs 9.31 lakh. The five-speed automatic variant is tagged at Rs 7.96 lakh with a claimed fuel efficiency of 19.2 km per litre. The CNG trim is priced at Rs 8.23 lakh with an efficiency of 27.1 km per kg. Speaking at the launch, Hyundai Motor India MD and CEO Unsoo Kim said with the launch of Exter, the automaker has now become a full-range SUV manufacturer in the country. He noted that the company has invested Rs 950 crore on the development of the model. Outlining Hyundai's commitment to the Indian market, Kim

Mechanics need to be empowered to strengthen automobile industry: Rahul

The mechanics in India need to be empowered in order to strengthen the country's automobile industry, Congress leader Rahul Gandhi said on Sunday as he shared a video of his recent interaction with motorcycle mechanics at Delhi's Karol Bagh. Calling it the "next pit stop" of the "Bharat Jodo Yatra", Gandhi shared on social media glimpses of his candid conversations with the mechanics at Karol Bagh on June 27, in which he is seen learning the nuances of servicing a bike and answering their queries. In the video, Gandhi is heard saying that he has a KTM390 motorcycle, which is just parked unused as his security people do not allow him to go for a ride on it. Gandhi also answered queries from the mechanics, with one of them asking when would he get married, to which the former Congress chief replied, "Let us see." At the bikers' market, Gandhi interacted and serviced a motorcycle with Umed Shah, Vicky Sen and Manoj Paswan. "To strengthen the automobile industry of India, there is a

US agency seeks updated responses, data from Tesla in Autopilot probe

NHTSA has said evidence had raised questions about the effectiveness of Tesla's alert strategy, which seeks to compel driver attention

Toyota Kirloskar Motor hikes vehicle prices by 1% due to rise in input cost

Toyota Kirloskar Motor (TKM) on Thursday said it has hiked the prices of its models by around 1 per cent in order to offset the impact of an increase in input cost. The company, which sells models like Innova Crysta and Fortuner, has realigned the prices of its models with effect from July 5, 2023, TKM said in a statement. The increase was necessitated to partially offset the rising input cost, it added. "As a customer-centric company, we remain committed to cater to the ever-evolving needs of the market and all efforts have been made to ensure that the impact of the cost increase passing on to our customers is minimal," it noted.

Looking to double turnover to Rs 1.68 trn by 2030-31: Maruti Suzuki CEO

Maruti Suzuki India is looking to double its turnover to around Rs 1.68 lakh crore by 2030-31 from FY22 level in line with parent Suzuki Motor Corporation's global growth strategy, company Managing Director and CEO Hisashi Takeuchi said on Wednesday. The company expects India to "play a very big role" in Suzuki Motor Corporation's goal to achieve a global turnover of Rs 4.32 lakh crore in FY30-31, which would be exactly double the turnover of Rs 2.16 lakh crore achieved in FY21-22, he said. "Yes, of course" because we would like to make our volume double the size, Takeuchi said when asked if Maruti Suzuki India was also looking to double its turnover like its parent Suzuki. He said, "We will invest for production facility, we will invest for human resources so that we will be able to handle such a big volume by 2030. So that is our plan." Maruti Suzuki India had clocked net sales of Rs 83,798 crore in 2021-22. Takeuchi was speaking at the sidelines of the company's launch of premiu