Page 38 - Automobile Manufacturer

High regulatory burden, taxes keep cars out of reach of Indians: Automaker

The levies by the Indian govt have made purchasing vehicles expensive for the population, said RC Bhargava, Maruti Suzuki's chairman

Manufacturing sector companies outperform on the bourses in 2022

But it remains a laggard on the bourses over the past decade

TSF Group unveils manufacturing unit of Leggaro Composites for expansion

The TSF Group, a part of the erstwhile TVS Group, inaugurated the manufacturing facility of Leggaro Composites aimed at stepping up presence in the country, a top official said on Wednesday. The manufacturing unit was part of the strategic partnership between TSF Group and MIND S.r.l signed in November 2020 in Bologna, Italy. "The TSF Group has decades of experience in providing high-quality, design-led manufacturing to customers across the globe. Establishing Leggaro's manufacturing facility in Chennai is a milestone, which will allow us to scale up our presence," Leggaro Composites Management member Sriram Viji said. The plants in Bologna, Italy and Chennai would have a built-up area of 10,000 square metres with specialisation in delivering components in composites using advanced technologies of transformation of carbon fibre. "MIND, the Italian base of Leggaro, has developed its experience in carbon composites over several years and established itself as a supplier to many luxur

Ather Energy, Greaves Cotton exit EV association SMEV, choose Siam

SMEV was set up primarily for electric two-wheeler players and start-ups in this space. Its membership restricts the entry of companies that have ICE operations and use petrol

Smart fasteners are not just nuts and bolts

In auto sector adhesive tapes used for attaching components in unique ways allow carmakers to experiment with designs, since they are no longer bound by linear needs of traditional metallic fasteners

Kia India profit down 25% in FY22 as tax outgo slams the brakes

Kia is one of the few unlisted global carmakers in India that saw a contraction in profits

Why auto makers recall faulty cars & how you'll be impacted if you own one

There is no replacement guarantee, usually only the defect will be fixed; cost of recall repair is borne by the manufacturer, but additional defects discovered during repair are to your account

Harley back in saddle: Rides with Hero for 'most affordable' bike

The mid-segment bike will be the first among several models planned, will be sold separately by both companies under their own brands

Switch Mobility dilution now will depend much on valuation: Dheeraj Hinduja

In a Q&A, the executive chairman of Ashok Leyland says the firm will be diluting 10-15% in Switch Mobility to raise $200-250 mn

Strong SUV sales bump up M&M's Q2 net by 46% YoY to Rs 2,090 crore

Revenue during the period rose 57% to Rs 20,839 crore from Rs 13,314 crore

Joe Biden's old tactics are botching the dream of made-in-America EVs

As the EV hype ramps up and a shortage of batteries emerges, industrial giants like SK Innovation Co., Honda Motor Co., etc., have announced billions of dollars of manufacturing facilities across US

Indian carmakers propose tax cut on imports in Britain trade deal

It is the first time that car makers have backed such cuts, caving to pressure from a government that wants them to give up their protectionist position and lower entry barriers, said sources

Relief for automakers as govt defers six airbags rule to Oct 2023

Nitin Gadkari cites 'global supply chain constraints' as reason for the shift in decision

EV battery makers get more time to comply with new safety norms

New standards now applicable in two phases --- December 2022 and March 2023

Top headlines: Car makers eye pre-Covid profits, Air India's market share

Optical fibre cable (OFC) manufacturers are bracing to meet a multifold increase in fiberisation, aggressively tap global markets to power 5G services, and cope with demand from fibre-to-the home

Ford India reaches severance package settlement with employee union

Ford India, the subsidiary of United States-based automaker Ford on Thursday said it has arrived at a settlement with the employees union on the severance package following the company's decision to shut its Tamil Nadu plant as part of a restructuring exercise. Accordingly, the company would revise the final severance settlement to an average equivalent of 140 days of gross wages per completed year of service from the ongoing offer of 130 days. "An additional one-time lump sum of Rs 1.50 lakh will also be included in the final settlement." Ford India said in a statement. A cumulative severance package for each employee would range from Rs 34.50 lakh up to Rs 86.50 lakh and the revised settlement would translate to an average of about 5.1 years or 62 months salary for each employee, the company said. Ford India said the formal settlement agreement has been planned to be executed before the end of this month and employees would be notified on the next steps towards completing the ex

Why are electric vehicles still so expensive? Blame the manufacturers

EVs are built with fewer parts than regular cars, and they're often sourced from other companies

Electric vehicle launch success key to further gains for M&M stock

SUV launches getting traction, weak rural demand a headwind for tractors

India's 2-wheeler sales may cross 2-mn mark within 5 years: HMSI CEO

HMSI's sales increased from 1.23 million units in April-August period last year to 1.82 million units in the corresponding period this year

Indian auto industry should aim for higher quality: Maruti Suzuki's Ayukawa

It should 'localise smallest of the components' and invest in new technology, says business leader