Page 38 - Automobile Manufacturer

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.

570,000 Kias, Hyundais recalled due to fire risk. What to do if you own one

Vehicles should be parked away from homes even if they are turned off because they could experience an electrical short that could start a fire, US National Highway Traffic Safety Administration said

India can be No 1 automobile manufacturer by using lithium reserve: Gadkari

Union road, transport and highway minister Nitin Gadkari on Friday said that if India can use recently discovered reserve of lithium in Jammu and Kashmir, it will become number one automobile manufacturing country in the world. Addressing an event organised by industry body CII, Gadkari said there is a need to encourage public transport, and electric buses are the future. "Every year, we import 1,200 tonnes of lithium. "Now, in Jammu and Kashmir, we got lithium. (If) we can use this lithium ion, we will be the number one automobile manufacturing country in the world," he said. India has beaten Japan to become the third largest vehicle market in 2022 after China and the USA. According to Gadkari, presently India's automobile industry is worth Rs 7.5 lakh crore, and the sector's contribution to the overall GST revenue is maximum. The estimated 5.9-million tonne reserve of lithium, a crucial mineral for the manufacturing of electric vehicles and solar panels, had been discovered in

Lamborghini sees opportunity to enhance growth in Indian market: Chairman

Italian automaker Automobili Lamborghini sees an opportunity to enhance growth in the Indian market through its hybridisation programme and move towards full electric mobility, according to company Chairman and CEO Stephan Winkelmann. With the changing geopolitical situation altering global supply chains, the supersports car maker is widening its sourcing base which could be beneficial for the Indian components suppliers. "I think that the Indian market is able to digest our first step into electrification and hybridisation because a lot of our drives are also very well equipped with self-charging while driving the car. So, this is a positive thing because they are plug-in hybrids, but they are also easy to recharge while driving," Winkelmann said in an interaction. Further, he said, "This is going to foster our image of performance cars but also that we are serious in our terms of sustainability and we are very credible in the things we are doing. So we see that there is also a ...

Automobile exports record growth of 35.9% from 2020-21 to 2021-22

The Vehicle exports have witnessed an impressive growth during 2021-22. Export of the total number of automobiles increased from 41,34,047 in 2020-21 to 56,17,246 in 2021-22

Kia's vehicle sales in India grow 48% to 28,634 units in January

Automaker Kia India on Wednesday said its sales grew 48 per cent at 28,634 units in January. The company's sales stood at 19,319 units in the year-ago period. The growth was driven by Seltos and Sonet models, as their sales stood at 10,470 and 9,261 units, respectively, during the reported month, followed by Carens with 7,900 units and Carnival with 1,003 units sold domestically, Kia India said in a statement. The company also said it recorded the highest-ever monthly sales of Carens. "We have witnessed an encouraging start to CY2023 with sales of 28,634 units in January. It reflects a strong demand for our products. We also plan to introduce PBVs (purpose-built vehicles) this year for special services in India," said Hardeep Singh Brar - National Head for Sales and Marketing at Kia India.