Page 42 - Automobile Manufacturer

Ford reconsiders India after halting production, this time for EVs

In a statement on Friday, the company said it was 'exploring the possibility of using a plant in India as an export base for EV manufacturing'

TVS Motor Company registers sales of 266,788 units in January 2022

The Company's total exports registered sales of 97,858 units in January 2022 as against sales of 100,926 units in the month of January 2021

Mahindra & Mahindra total sales increase 20% in January

Mahindra & Mahindra (M&M) on Tuesday said its total sales increased by 19.55 per cent to 46,804 units in January 2022. The company's total sales stood at 39,149 units in January 2021. The Mumbai-based auto major's passenger vehicle sales in the domestic market stood at 19,964 units last month as against 20,634 units in January last year. Commercial vehicles sales increased to 23,979 units last month as compared with 16,229 units in January 2021. The company said its exports last month stood at 2,861 units as against 2,286 units in the same month last year. "We continued our growth trajectory with an overall growth of 20 per cent in January 2022...We continue to closely monitor the semi-conductor related parts issue and take corrective action as appropriate," M&M Automotive Division CEO Veejay Nakra said in a statement.

Hyundai lines up Rs 4,000 cr investment to drive in 6 EVs in India by 2028

South Korean auto major Hyundai plans to invest around Rs 4,000 crore to drive in around six electric vehicles in India by 2028. The company is planning to roll out a mix of models based on its existing range as well as completely new vehicles based on its global platform 'E-GMP' over the next few years. In an interaction with PTI, Hyundai Motor India MD & CEO S S Kim said that the company is gearing up to expand its presence in the EV space in the country in a big way with the first of the six new products being expected to debut next year. The company would invest around Rs 4,000 crore in the R&D towards the six-model line up till 2028. "As we continue to redefine the mobility space, today we are yet again showcasing our commitment towards Indian customers with the announcement of expanding our BEV line-up to six vehicles for the Indian market by 2028," Kim said. The company is taking experiences beyond mobility and are strongly focusing on intelligent technology, ...

Global automotive sensor market to reach $92 bn by 2026: Report

Driven by sensors that enable automated vehicles and ADAS, the global automotive sensors market is set to grow to over $92 billion by 2026 -- a 30 per cent increase over 2021, a new report showed

Dhanteras glitter dims for consumer appliances firms, automakers

Inflation, second Covid-19 wave, semiconductor shortage major reasons behind tepid sales

Tesla EV sales boom in Singapore, pushing rivals' models off the streets

This week, Tesla surpassed $1 trillion in market value, overshadowing the combined value of five of its biggest rivals, Toyota Motor Corp, Volkswagen AG, Daimler AG, Ford Motor Co and General Motors.

Navratri sales: Chip shortage dents PV retails, 2-wheelers see weak demand

High acquisition cost dissuades motorcycle and scooter buyers this festive season, while carmakers have been unable to cater to the demand owing to chip shortage

Tesla ordered to pay over $130 mn to Black ex-worker over racism: Report

The jury awarded Diaz $6.9 million in compensatory damages and $130 million in punitive damages, according to the Wall Street Journal.

Mahindra considering funding options for EV supercar unit, says report

BENGALURU (Reuters) - Mahindra & Mahindra Ltd is considering options to raise funds for its unit Automobili Pininfarina, as the Indian automaker looks to start production of its $2.2 million electric hypercar, Bloomberg News reported.

Toyota to hike prices by up to 2% from Oct 1 to offset rise in input costs

TKM on Tuesday said it will increase prices of its entire model range by up to 2 per cent with effect from October 1 in order to partially offset the impact of rise in input costs.

Toyota Kirloskar pulls plug on Yaris sedan after three years as sales dip

Expect spares for sedan for next 10 years; rebadged Ciaz roll-out soon

Small cars too need adequate number of airbags to ensure safety: Gadkari

Union minister Nitin Gadkari wondered why auto makers are providing eight airbags only in big cars bought by rich people.

Ford wakes up badly burnt from its India dream: Here's what went wrong

Analysts and executives said foreigners badly misjudged India's potential and underestimated the complexities of operating in a vast country that rewards domestic procurement.

Consumer goods companies continue to lose out to other sectors on bourses

Their weighting on the benchmark Nifty50 has fallen to 15%, an 11-year low

Auto PLI scheme focuses on EVs; Tata Motors, Bajaj Auto to gain: Analysts

The timing of the Auto PLI scheme has to be seen in the context of investment leaving China due to regulatory crackdown, say analysts

Ford Motor's India exit opens dealers to legal action from customers

Dealers will likely face "legal complications" given that Indian consumer law makes them liable after a manufacturer exits, Vinkesh Gulati, president of the FADA said

India's lagging automobile stocks face risk of festival season fizzle

Below-normal monsoon rains that have impacted rural demand and the risk of an impending third coronavirus wave are posing a challenge for Indian vehicle makers

PLI scheme will accelerate commitment to new technologies: Automakers

The scheme will contribute towards reducing carbon emissions and oil imports with local manufacturing

Force Motors unveils all new version of Gurkha SUV; deliveries in October

Force Motors on Wednesday unveiled the all-new version of its sports utility vehicle Gurkha with deliveries expected to begin from October 15. The Gurkha 2021 is built on a ground-up modular architecture platform with an all-new wider and longer body, full new interiors, a new crash compliant, high strength chassis, new coil spring suspension on all four wheels fine-tuned to achieve the right balance and offer the best in class ride quality on multiple surfaces -- tarmac, rough rural roads and off the road, the Pune-based company said. The only carryover from the previous generation Gurkha is the Mercedes G-Wagen inspired look and imposing stance, it added. Aligning with the changing customer expectations and aspirations, we have designed and developed the all-new Gurkha on a ground-up, modular architecture platform and are confident that we shall now be able to appeal to a much wider audience who wish to own a vehicle that is suitable for both daily commutes as well as adventure ..