Page 37 - Automobile Manufacturer

myTVS parts division on expansion spree, to add one store a day in FY24

Under Ki Mobility, two brands are functioning at present, which includes myTVS for the automobile service business and myTVS Partsmart for the parts business

MG Motor 3.0 to push for Indianisation, green tech, capacity expansion

MG entered the Indian market in September 2017 by taking charge of General Motors' old plant in Halol. The plant has acted as MG's manufacturing hub for the last four to five years

Gabriel India ties up with Inalfa to manufacture sunroofs for PVs

Auto component maker Anand Group on Tuesday said its unit Gabriel India has inked a technical collaboration with Netherlands-based Inalfa Roof Systems to manufacture sunroofs for the passenger vehicles. The newly formed Inalfa Gabriel Sunroof Systems (IGSS), which will initially be a wholly-owned subsidiary of Gabriel India, will produce sunroofs at a new plant in Chennai with operations set to commence in the first quarter of 2024 with an investment of around Rs 170 crore. The entities noted that the IGSS will be later converted into a joint venture with Inalfa holding 51 per cent shareholding. IGSS will have an installed production capacity of 2 lakh units in the first phase with first line catering to South Korean automakers Hyundai and Kia. "This partnership supports the government's AtmaNirbhar manufacturing drive; provides our OEM (Original Equipment Manufacturer) customers with a domestic and resilient supply chain for sunroofs," Anand Group Executive Chairperson Anjali Sing

Automakers to launch six new SUVs in India in next two years: Report

SUV market share in India is expected to rise from its current 43% by the end of 2024-2025 to 48%, industry estimates said

To match Indian aspirations, carmakers to launch 81 new vehicles this year

Carmakers are looking at new sub-segments in the SUV space and trying to expand their offerings to lure in more and more customers

Mahindra and Mahindra gears up for EV play, niche e-farm products

M&M aims to make 200,000 EVs a year around 2027

Maruti Suzuki can put pedal to rerating metal on volume, market gains

There could be margin pressures in the near term, given commodity costs

Maruti confirms launch of premium MPV in next 2 months, a rebadged Innova!

The premium MPV will be placed above Maruti Suzuki's own popular MPV, Ertiga

Kia India exports cross 200,000 unit mark in FY23, robust demand continues

Automaker Kia India on Wednesday said it crossed 2 lakh export milestone in FY23 and continues to see robust demand from various regions like the Middle East and Mexico. The company said it has shipped cars to around 95 countries till date. Kia said Seltos remains the top contributor to Kia's export numbers, with 1,35,885 units dispatched to over 95 countries. The automaker reported 22 per cent growth in exports in March quarter 2023 as compared the same period last year, it added. We are proud to showcase the manufacturing prowess of our next-gen Anantapur facility to the world by making, innovating, and investing in India and contributing to the government's vision, Kia India Chief Sales & Business Officer Myung-sik Sohn said in a statement. This also showcases how India, as a manufacturing hub, is ready to cater to the growing demand for SUVs globally, he added. Kia India said it continues to witness robust demand for Seltos, Sonet and Carens in overseas markets like the Middl

Looking for long-term partner for EV biz: M&M exec director & CEO Jejurikar

We had already re-engineered our ICE portfolio to meet the norms. We needed to sell a small number of EVs to meet the target for 2022-23, says Rajesh Jejurikar, executive director, M&M

Maruti Suzuki Q4 net profit up 42.6%; firm declares dividend of Rs 90/share

The automaker also declared a dividend of Rs 90 per share

Mahindra can't build Scorpio fast enough; plans a boost in production

Data for February 2023 shows the waiting period is around 25-26 months for some high-in-demand variants of the Mahindra Scorpio

Bajaj Auto Q4 results: Net profit drops 2.5% on sluggish exports

This helped total revenue from operations rise nearly 12% to Rs 8,905 crore

30% of our sales could come from EVs in FY24: MG Motor India President

Comet will be MG Motor's second EV in the Indian market

Kia focuses on utility vehicle segment in India for long-term growth

South Korean automaker Kia is focussing on the utility vehicle segment in the Indian market as it remains bullish on the long-term growth potential of the vertical in the country, according to a senior company official. The automaker, which sells products like Seltos, Sonet and Carens in the market, also plans to keep on offering diesel trims on its models with demand remaining robust for such variants in the fast-growing sports utility vehicle (SUV) segment. Buoyed by its presence in the utility vehicle segment, the company expects its sales to grow by around 10 per cent this year. It sold 2,54,556 units in 2022. "Our focus firmly remains on multi-purpose vehicles and sports utility vehicles," Kia India National Head- Sales and Marketing Hardeep Singh Brar told PTI in an interaction. The company remains bullish on the SUV and MPV segments and does not have any plans to introduce sedans in the market, he noted. Brar noted that the contribution of the SUV segment in the overall ..

Audi sales double in Q1 of calendar year 2023, pre-owned car biz up 50%

Firm said this was the strongest quarter during past six years in India, with SUVs currently contributing over 60% of total sales

Hyundai Mobis develops world's first rollable display for vehicles

Hyundai Mobis aims to obtain orders for the rollable display, which was partly adopted in smartphones and TVs, from luxury carmakers in North America and Europe

Four months in waiting, Mahindra Thar to cost up to Rs 1.05 lakh more

The price for the base variant of the Mahindra Thar, which stands at Rs 13.49 lakh (all prices are ex-showroom), remains unchanged

Audi to hike price of Q3 range by 1.6% as customs duty, input costs rise

German automaker Audi on Tuesday said it will increase the price of Q3 and Q3 Sportback by up to 1.6 per cent with effect from May 1, in order to offset the impact of increase in customs duty and input costs. The company has already increased the price of Q8 Celebration, RS5 and S5 by up to 2.4 per cent with effect from April 1. "At Audi India, we strive to give our customers the best, but the rise in customs duty and input costs have compelled us to amend our prices upwards," Audi India Head Balbir Singh Dhillon said in a statement. While the company has tried to absorb the impact at various levels, the current situation necessitates an increase in price, he added. Mercedes-Benz India has already increased prices of its vehicles ranging between Rs 2 lakh to Rs 12 lakh across different models from April 1, to offset rising input costs, especially the adverse impact of foreign exchange movements.

European Union takes key step toward ending era of combustion-engine cars

The last-minute deal is a concession to high-end sports car brands like Germany's Porsche, but is expected to have little effect on the plans of most major manufacturers.