Page 45 - Automobile Manufacturer

Kia sees 31% dip in dispatches to 11,050 units in May from 16,111 in April

Automaker Kia India on Tuesday reported a 31 per cent decline in dispatches to dealers at 11,050 units in May compared to 16,111 units in April this year

Automobile sales skid in May as coronavirus second wave bites hard

Major automobile manufacturers like Maruti Suzuki, Hyundai, Mahindra & Mahindra, Tata Motors and Toyota Kirloskar on Tuesday reported decline in domestic passenger vehicle sales in May compared to the previous month as a spike in COVID-19 cases and lockdowns across various states hit production and dispatches. The country's largest carmaker Maruti Suzuki India (MSI), which shut production from May 1 to May 16 so as to divert oxygen from industrial use for medical purposes, reported domestic dispatches to dealers at 35,293 units last month, down 75 per cent from 1,42,454 units in April. The company said sales of its mini cars, comprising Alto and S-Presso, declined by 81 per cent to 4,760 units in May as against 25,041 units in April this year. Sales of compact segment vehicles, including Swift, Celerio, Ignis, Baleno and Dzire, declined by 72 per cent to 20,343 units from 72,318 cars in April. Likewise, utility vehicle sales, including Vitara Brezza, S-Cross and Ertiga, declined ..

Daimler India shuts bus and truckmaking unit for 3 days on parts shortage

Daimler said it is supporting its employees with its health programmes, adding that it will pay workers their full salaries for the non-production period

Hyundai Motor total sales dip 48% to 30,703 units in May over April

Hyundai Motor reported total sales of 30,703 units in May, a decline of 48% from 59,203 units it had sold in April this year as coronavirus-induced restrictions across states hit dispatches to dealers

Yamaha Motor slashes price of FZ 25 bike range by up to Rs 19,300

Yamaha Motor India said it has cut ex-showroom prices of its FZS 25 and FZ 25 bikes in the country with immediate effect on account of reduction in the input costs of the two models

Automobile giant TVS Motor expands in Iraq, launches two new products

TVS Motor Company on Monday said it will launch two new products in Iraq as part of its expansion plan in that country

Chip shortage to cost automakers $110 bn in revenues in 2021: AlixPartners

The global semiconductor chip shortage will cost automakers $110 billion in lost revenues this year, consulting firm AlixPartners said, as it forecast the crisis will hit the production of 3.9 million

Long road to recovery: Covid-19 lockdown hits vehicle sales, shows data

Sales of two-wheelers during April stood at 995,097, 39 per cent lower than in April 2019

Covid-19: Honda Cars advances maintenance shutdown of manufacturing plant

Honda Cars India on Thursday said it is advancing maintenance shutdown at its Rajasthan-based manufacturing plant by around ten days in the wake of second wave of Covid

Ashok Leyland scales down production across plants as demand dips

Hinduja group flagship Ashok Leyland on Monday said it has curtailed production at its manufacturing plants due to dip in demand with second wave of Covid-19 sweeping across the country.

Kia lines up new model for Indian market; plans to ramp up sales network

South Korean auto maker Kia plans to introduce new models, enhance sales network and also ramp up production capacity to reduce the waiting period on the existing product range

Automakers firm up measures to safeguard workforce amid Covid-19 surge

As the second wave of COVID-19 continues to wreak havoc across the country, leading automobile companies have initiated various steps to safeguard their workforce from the highly infectious disease. With a spike in the number of cases, companies like Maruti Suzuki, MG Motor, Hero MotoCorp and Honda Motorcycle & Scooter India have already announced temporary suspension of production work at their respective manufacturing facilities to break the transmission chain. Others, who are still manufacturing, are taking multiple precautions like cutting down on the production by reducing the number of people in the factories as well undertaking various welfare schemes. The country's largest automobile company Tata Motors told PTI that the company remains vigilant about the evolving COVID situation and has scaled up efforts to enhance the well-being of its personnel and its business as well as supporting the ecosystem. Keeping employee safety foremost, standard operating procedures have ...

Martin Uhlarik to succeed Pratap Bose as Tata Motors global design head

Tata Motors on Thursday announced the appointment of Martin Uhlarik as the company's new Global Design Head

TVS Motor reports four-fold increase in Q4 profit to Rs 319 crore

This came on the back of robust sales in the domestic and international markets.

Maruti profit skids 10%, but company remains upbeat despite Covid 2nd wave

Chairman R C Bhargava says local lockdowns and curfews have so far not had any impact on production and retail demand continues to outpace supply

Hero MotoCorp halts production all across as precautionary measure

Firm says shutdown is due to massive and unrestrained spread of Covid-19 across the country

Auto major Hyundai targets Creta customers with seven-seater Alacazar

The new SUV is being pitched as a premium car; company is expected to launch it with both petrol and diesel powertrains

Harley-Davidson quarterly sales rise 10%, helped by higher shipments

The company's total revenue rose to $1.42 billion in the quarter ended March 28

Domestic auto sales in India go below 2015 levels amid Covid-19 crisis

The situation was not very different globally

Mahindra reaffirms faith in South African market with new facility

Mahindra South Africa has reaffirmed its faith in the South African market by opening a new national parts warehouse that is a third larger than its old facility