Page 34 - Automobile Manufacturer

Maruti sitting on 100,000 plus pending deliveries as MPV market expands

The challenge is more pronounced for the CNG variants of these vehicles

Toyota plans EV with 1,200-km range that fully charges in 10 mins

The batteries will deliver quicker charging and around 1,000 km (620 miles) of range, putting Toyota's vehicles ahead of the competition

Renault India reaches 1 mn production milestone at Tamil Nadu plant

France-based automaker Renault has reached a milestone by producing 10 lakh vehicles at its Tamil Nadu plant, a top official said here on Wednesday. Renault India Pvt Ltd is a fully owned subsidiary of Renault S.A.S France and has a manufacturing facility in association with Nissan Automotive India Pvt Ltd at Oragadam, located around 45 kilometres from here. Renault has a production capacity of about 4.80 lakh units per year. "We have nine lakh customers totally across India... Yesterday, we reached a key milestone. We rolled out the one millionth vehicles at the plant...," Renault India Operations Country CEO and Managing Director Venkatram Mamillapalle told reporters. A red colour KIGER marked the 10,00,000th rollout from the assembly line that was formally flagged off by senior company officials including Mamillapalle at the facility. The company has made substantial investments in manufacturing, technology, and talent, creating a robust production infrastructure ensuring the .

EVs to play significant role in closing on record sales this year: Volvo MD

Swedish luxury carmaker Volvo Cars expects electric cars to play a significant role in its bid to close in on record sales in India this year, a senior company official said on Wednesday. The company unveiled its all-electric SUV C40 Recharge in India, which will be launched in August and deliveries to start September onwards. The vehicle will be the company's second electric offering in India after its fully-electric XC40 Recharge launched last year. "2023 has started on a very promising note and we believe that we will do much better this year as compared to the last few years. Since the pandemic I think the market was a bit slow and then we had supply issues. "Supply issue is still around us but I believe that we should go back close to the 2018 number which was our peak," Volvo Car India Managing Director Jyoti Malhotra told PTI here. In 2018, Volvo Car India had sold 2,600 units. Last year it sold around 1,800 units in the domestic market. Asked if the company could cross re

Commercial vehicle industry to record moderate 8-10% volume growth: Report

The commercial vehicle (CV) industry is likely to record moderate volume growth of around 8-10 per cent this fiscal, with the pent-up demand levelling off, a report said on Tuesday. The growth will come amid increased government thrust on infrastructure spending despite expected muted exports on account of the uncertain global environment amid inflationary concerns, Care Edge Ratings said in its report. This growth is also expected to come on the back of the strong upcycle that the industry is witnessing despite the high base effect. Noting that the demand remains strong across all the segments, while the medium and heavy commercial vehicles (MHCV) are expected to grow by 10-12 per cent in FY24, the light commercial vehicles (LCV) are likely to grow by 6-8 per cent aided by last-mile connectivity demand boosting e-commerce activities, it stated. "With tailwinds like healthy replacement demand, increased freight movement and increasing government infra spending and a continued boom

Maruti to launch its new MPV 'Invicto' next month: What we know so far

Toyota and Suzuki have agreed to leverage each other's products to multiply their sales

Robust demand pushes passenger vehicle sales up 13.5% YoY in May: Siam

Total vehicle dispatches across categories were at 1,808,686 units in May 23, Siam data shows

Hyundai to utilise $5.9 bn in overseas operations' money for EV investments

Hyundai Motor Group said on Monday it will utilise 7.8 trillion won ($5.9 billion) worth of reservation money held by its overseas operations to push forward planned investments in domestic EV plants

Rs 25,938-cr Auto PLI scheme: Centre considers paying incentive quarterly

Incentives for FY23 yet to be disbursed as OEMs yet to furnish requisite documents, say officials

Jaguar evolution into all-electric brand on track: Chandrasekaran

The transformation of Jaguar into an all-electric luxury brand is on track with first new vehicles to be launched in 2025, according to Jaguar Land Rover Chairman N Chandrasekaran. Addressing shareholders in the company's Annual Report for 2022-23, he noted that the British automaker is set to transform into a modern luxury vehicle business. Jaguar Land Rover (JLR) has been a wholly-owned subsidiary of Tata Motors since 2008. Chandrasekaran noted that the brand faced a difficult business environment last fiscal with several headwinds like shortage of electronic components. The British brand had to contend with the shortage of semiconductors and challenges in energy supplies in the aftermath of the war in Ukraine, leading to a battle against inflationary pressures, Chandrasekaran said. "In this context, I am pleased that the company is progressing well in its transformation journey and is set to become a modern luxury vehicle business, with sustainability at its heart," he informed

SMEV seeks Rs 3k cr rehabilitation fund to revive ops of e2W makers

Society of Manufacturers of Electric Vehicles (SMEV) has asked the government to create a Rs 3,000 crore fund to revive and sustain operations of OEMs which have been badly affected by the recent FAME subsidy blocks. In a letter to the Finance Minister, the industy body has noted that the total amount of subsidies withheld and still due to various electric two-wheeler OEMs (Original Equipment Manufacturers) amounts to over Rs 1,200 crore and that the industry has been awaiting the funds for over 18 months exclusive of the interest. "The cumulative effect of the subsidy blockade, the claim on older subsidies and the refusal to allow future sales has been devastating on startups and first movers in the electric two-wheeler segment," SMEV Director General Sohinder Gill said. Many of these companies will not be able to come out of the financial stress caused by these actions, he added. "In fact, their post-resolution existence is also a matter of time. It is therefore our considered, .

Volkswagen launches new trims of Virtus, Taigun with 1.5 ltr TSI EVO engine

Volkswagen Passenger Cars India on Thursday said it has launched new trims of its mid-sized sedan Virtus and Taigun sports utility vehicle. The company has introduced the Virtus with a six-speed manual transmission on the GT Plus variant, priced at Rs 16.89 lakh (ex-showroom). Besides, the automaker said it has introduced two new variants of Taigun -- GT DSG and GT Plus, at an introductory price of Rs 16.79 lakh and Rs 17.77 lakh, respectively (ex-showroom). "With its strong legacy of fun-to-drive, the GT badge was introduced on the Performance Line (1.5l TSI EVO engine) variants of Taigun and Virtus. Today, we are taking a step further and democratizing the GT badge by introducing newer variants for customers to choose from," Volkswagen Passenger Cars India Brand Director Ashish Gupta said in a statement. The new variants of Taigun and Virtus will be available across the 161 sales touchpoints in 121 cities in India, the company said.

In a bid to drive volumes, Triumph to launch its 400cc bike on July 5

The pricing will play a crucial role in terms of the challenge Triumph can pose to the market leader, Royal Enfield

Ford Motor issues recall notice for 125,000 vehicles that could catch fire

The recall applies to Escapes from 2020 to 2023, Mavericks from 2022 to 2023, and Corsairs from 2021 to 2023, the report mentioned

Maruti's Jimny priced at Rs 12.74 lakh ex-showroom; check specifications

With Jimny, Maruti wants to achieve more than what it did with the Gypsy by making it a truly mass-market vehicle

Tesla recalls nearly 140 Model Y EVs over serious steering wheel issue

Elon Musk-run Tesla has recalled 137 Model Y electric vehicles (EVs) in the US in response to an issue with the fastener for the steering wheel.

Nissan rolls out Magnite SUV, marks milestone of 100,000 units at TN plant

Japanese automaker Nissan Motor India has rolled out its one hundred thousandth unit of the popular compact sports utility vehicle 'Magnite' from its joint venture plant in Chennai, the company said on Tuesday. Renault Nissan Automotive India Pvt Ltd commenced operations in 2010 at Oragadam about 45kms from the city. Spread across 600 acres of land, the facility caters to both the domestic and export requirements of Renault and Nissan. A red colour Magnite was flagged off by company executives at the factory, marking the one lakh milestone. "This production milestone achievement underscores Nissan Motor India's commitment in delivering high-quality products and services that exceed customer expectations," a company statement said. Nissan Motor India launched the Magnite in December 2020. "The production of the 100,000th Magnite is testimony to Nissan's brand promise of providing its customers products that are high on value, safety and strong customer service, making it a global ..

Honda Elevate launch: Check prices, design, specifications, pictures

The Elevate measures 4312 mm in length, suggesting generous cabin space for passengers

Daimler enters pre-owned market with launch of 'BharatBenz Certified'

Commercial vehicles maker Daimler India has forayed into the pre-owned business segment under its new brand 'BharatBenz Certified', the company said on Monday. Daimler India Commercial Vehicles is a wholly owned subsidiary of Stuttgart-based Daimler Truck AG. The new business initiative would refurbish and sell pre-owned BharatBenz trucks to customers. To be initially available at Trident Trucking in Bengaluru, the BharatBenz Certified programme would be expanded to other dealerships across the country. "Our perpetual and thorough market research practice brought to our attention the aspiration of customers who would like to purchase pre-owned BharatBenz trucks. This need in the market gave birth to the idea of launching BharatBenz Certified -- a company-steered pre-owned CV business initiative...," BharatBenz Marketing, sales, and customer service, President Rajaram K said. BharatBenz Certified would also be the catalyst for its customers to upgrade their fleet to new BharatBenz

Renault Nissan Automotive progresses towards Carbon Neutrality vision

Automobile manufacturer Renault Nissan Automotive India Pvt Ltd was progressing towards its Carbon Neutrality goal which was launched in February this year. The Chennai plant of the company already initiated a campaign to replace single use plastic items with eco-friendly alternatives. Renault Nissan Automotive Pvt Ltd (RNAIPL) in a statement on Sunday said it was making strong progress towards achieving its 2045 Carbon Neutrality goal and it would cross several important milestones by 2030. According to the statement coinciding with the World Environment Day observed on June 5, every year, the roadmap to attain the carbon neutrality encompasses three areas --increasing of share of green energy, aggressively improving efficiencies in energy usage, and continuous adoption of energy efficient technology at its Oragadam plant. As of FY 2022-23, the company's strategy has already allowed the automaker to cut down the equivalent of 87,500 tonnes of CO2 emissions every year. "At RNAIPL,