Page 43 - Automobile Manufacturer

Ford denies being in talks with Tamil Nadu govt for EV unit in Chennai

The talks are said to have started after the government approved Ford's proposal for manufacturing and exporting EVs as part of the Rs 25,938-crore production-linked incentive (PLI) scheme in February

Maruti Suzuki to hike prices this month; recalls nearly 20,000 Eeco vans

Over the past year, the cost of the company's vehicles continued to be adversely impac­ted due to increase in various input costs, the auto major said in a regulatory filing

Russian auto boomtown grinds to halt over Ukraine sanctions: Report

The PSMA Rus plant that is a joint venture between Stellantis and Mitsubishi and employs 2,000, may halt production soon due to a lack of parts, Stellantis' chief executive said last Thursday

Audi India plans to develop market by bringing in more products

German luxury car maker Audi plans to develop the market in India by bringing in more products and expanding the network across the country, an official of Audi India said on Friday

Nissan India Feb sales surge 57% to 6,662 units, over 4,000 nos exported

The company sold 2,456 units in the domestic market and exported 4,206 units in February

Kia India crosses 500,000 dispatch mark from Anantapur plant in Andhra

Automaker Kia India said it has crossed five lakh units in terms of dispatch across domestic and export markets from its Anantapur plant in Andhra Pradesh.

Renault launches limited edition Triber at Rs 7.2 lakh amid sales milestone

To mark the milestone, Renault India has also launched a limited edition of the Triber priced at Rs 7.24 lakh

India wants Tesla to buy $500-mn local auto parts for tax break: Report

While it could start at a lower base, Tesla would need to agree to ramp up Indian parts purchases by around 10% to 15% a year until a satisfactory level was achieved, says a source

1 in every 4 cars will have 5G connectivity by 2025, says Report

One in 4 cars will have 5G connectivity by 2025 that will make better use of real-time data transfer and fast cloud-car communication, among other improvements, a new report has shown.

Kia launches the new Carens with a starting price tag of Rs 8.99 lakh

Automaker Kia India on Tuesday launched its fourth product -- Carens -- in the domestic market, with the introductory price ranging between Rs 8.99 lakh and Rs 16.99 lakh (ex-showroom).

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.