Page 35 - Automobile Manufacturer

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,

Automakers post robust sales of passenger vehicles riding on SUV demand

Automakers led by Maruti Suzuki India, Hyundai, Mahindra & Mahindra, Toyota Kirloskar Motor on Thursday reported robust wholesales of passenger vehicles in the domestic market in May riding on strong demand for SUVs. Other manufacturers such as Tata Motors, Kia and MG Motor India also reported increase in their dispatches to dealers during the month. Market leader Maruti Suzuki India (MSI) reported a 15 per cent rise in total domestic passenger vehicle sales at 1,43,708 units as compared with 1,24,474 units in the same month last year. The company's sales of mini cars, comprising Alto and S-Presso, fell 30 per cent to 12,236 units as compared with 17,408 units in the year-ago period, while compact cars sales, including models such as Swift, Celerio, Ignis, Baleno and Dzire, increased 5 per cent to 71,419 units as against 67,947 units in May 2022. On the other hand, utility vehicle sales, including those of Brezza, Grand Vitara and Ertiga, rose 65 per cent to 46,243 units as ...

Tata Motors posts 1.62% decline in total sales at 74,973 units in May

Tata Motors on Thursday reported 1.62 per cent decline in total sales at 74,973 units in May as compared to the same month last year. The company had posted a total sales of 76,210 units in May 2022, Tata Motors said in a statement. Total domestic sales were down 2 per cent at 73,448 units as against 74,755 units in the year-ago month, it added. Domestic passenger vehicle sales were up 6 per cent at 45,878 units as compared with 43,341 units in May last year, Tata Motors said. Sales of passenger electric vehicles, including international business, were at 5,805 units as against 3,505 units in the same month a year ago, a growth of 66 per cent. The company said its total commercial vehicle sales stood at 28,989 units last month, down 12 per cent from 32,818 units in May 2022. Similarly, domestic commercial vehicle sales were down 12 per cent at 27,570 units as against 31,414 units in the corresponding month last year.

Ashok Leyland total sales decline 1% on-year at 13,134 units in May

Commercial vehicles maker Ashok Leyland on Thursday reported a 1 per cent decline in total sales at 13,134 units in May. The company had posted total sales of 13,273 units in May 2022, Ashok Leyland said in a statement. Domestic sales were lower by 1 per cent last month at 12,378 units as against 12,458 units in the year-ago period, it added. Exports were at 756 units as compared with 815 units in May last year, down 7.23 per cent.

Automaker Kia total wholesales increased 3% in May at 24,770 units

Automaker Kia India on Thursday said its total wholesales increased 3 per cent to 24,770 units in May. The company undertook a plant maintenance shutdown from May 15-20. It had dispatched 24,079 units to dealers in May 2022. While the overall domestic sales stood at 18,766 units, exports accounted for 6,004 units in May 2023. Sonet sales stood at 8,251 units last month, while Seltos and Carens dispatches stood at 4,065 and 6,367 units, respectively. The company also reported sales of 83 units of its electric offering EV6. "Although we faced some production limitations due to our plant annual maintenance shutdown for a week in May which impacted our numbers, we are confident of strong performance in coming months," Kia India National Head (Sales & Marketing) Hardeep Singh Brar said in a statement. The company is witnessing a growing demand for the iMT range, he added. "This month, iMT has contributed 38 per cent of our total sales," Brar said.

M&M's passenger vehicle sales up by 22% on-year in May at 32,886 units

Mahindra & Mahindra Ltd on Thursday reported a 22 per cent increase in passenger vehicle sales at 32,886 units in May, as compared to the same month last year. The company had posted a total passenger vehicle sales of 26,904 units in May 2022, Mahindra & Mahindra (M&M) said in a regulatory filing. Utility vehicles sales last month were at 32,883 units, as against 26,632 units in the year-ago period, a growth of 23 per cent, it added. Sales of cars and vans were at 3 units as compared to 272 units in May last year. "We continue our growth trend, backed by strong demand in SUVs," M&M President, Automotive Division Veejay Nakra said. He, however, said, "The sales volume for both SUVs and 'Pik-Ups' were restricted by a short-term disruption in engine-related parts at the supplier-end. The semiconductor supply constraints on specific parts like Air Bag ECU, continued during the month too." Total exports were at 2,616 units last month, up 29 per cent from 2,028 units in May .

Ola announces price hikes for its electric scooters, to cost Rs 15k more

The reduction in subsidies is expected to trigger a wave of price hikes in electric scooter prices across the industry