Page 45 - Automobile Manufacturer

Maruti reports 5% increase in total sales at 130,699 units in August

The country's largest carmaker Maruti Suzuki India Ltd (MSIL) on Wednesday reported a 5 per cent increase in total sales at 1,30,699 units in August 2021, amid electronic components shortage.

Volkswagen to hike Polo, Vento prices by up to 3% from September 1

German carmaker Volkswagen on Tuesday said it will hike prices of hatchback Polo and mid-sized sedan Vento by up to 3 per cent from September 1.

'It'll be mandatory for automakers to offer biofuel vehicles in 6 months'

Union Minister Nitin Gadkari on Tuesday said India will make it mandatory for auto manufacturers to offer vehicles running 100 per cent on bio-fuels in the next six months

Semiconductor shortage may impact Aug-Sep automobile wholesales: Report

The shortage of such a crucial component has been impacting the automotive industry globally along with other industries, forcing them to cut down on production.

India offers huge opportunities for vehicle manufacturers: Nissan COO

India offers huge opportunities for vehicle manufacturers and electrification is the pillar that could transform the country's automotive industry, Nissan Motor Corporation COO Ashwani Gupta said

India revenue secretary says open to 'tinkering' tax rates on automobiles

India is open to discussing a change in tax rates on automobiles, the country's revenue secretary said on Wednesday, indicating receptiveness over negotiation on a long-standing request from automaker

Maruti chairman urges India Inc's managements to cut expenditure amid Covid

In the wake of the pandemic, building internal resources has to become a priority of industry and companies. It requires companies to have a more frugal style of management, says R C Bhargava

Salaries rise for promoters of auto firms even as business faces headwinds

Experts suggest that promoter executives should take compensation as dividend to share risk and reward of the business with other shareholders

Volkswagen starts production of mid-sized SUV Taigun at Chakan plant

Volkswagen Passenger Cars India on Wednesday announced the start of production of its mid-sized SUV Taigun, its first product under the India 2.0 project

Vehicle scrappage policy, Ola e-scooter: How to trade key auto stocks now?

It was a busy weekend for the auto sector with the government notifying vehicle scrappage policy and Ola launching an e-scooter. Here's how you should trade auto stocks in this backdrop

Ashok Leyland plans expanding into African, Southeast Asian markets

Commercial vehicle maker Ashok Leyland is looking to expand into African and Southeast Asian markets as part of strengthening its international presence, a senior company official said on Friday

Mahindra recalls 29,878 pick up vehicles to replace faulty fluid pipe

Mahindra & Mahindra (M&M) on Tuesday said it is recalling 29,878 units of its pick up vehicles to replace faulty fluid pipe amid suspicion of improper assembly. The company has announced a proactive inspection and replacement of a fluid pipe in some of the pick up vehicles manufactured between January 2020 and February 2021 for suspicion of improper assembly, M&M said in a regulatory filing. The recall is limited to a batch of 29,878 vehicles and is keeping in line with the company's customer-centric approach, it added. "The inspection and subsequent rectification will be carried out free of cost for all customers, who will be individually contacted by the company. In an endeavour to ensure a hassle-free experience for its customers, the company is proactively carrying out this activity," the auto major said. The action is also in compliance with voluntary code on vehicle recall. Last month, the company announced undertaking a proactive inspection and replacement of diesel

Suzuki Motor expects 12.6% decline in operating profit this fiscal

Japanese automobile maker Suzuki Motor Corporation (SMC) on Thursday said it expects a 12.6 per cent decline in operating profit at 170 billion yen for this fiscal due to increase in raw material cost and R&D expenses, besides unclear outlook on the ongoing semiconductor shortage. Previously, the company did not issue any earnings guidance for the ongoing fiscal as it was "unable to rationally calculate the forecasts owing to the spread of the COVID-19 pandemic in the company's major market of India." "However, based on the latest situation and the trends in the company's operating results, we have determined the forecasts," SMC said in a statement. Accordingly, the company said it expects net sales to grow by 7 per cent year on year to 3,400 billion yen in the ongoing fiscal. SMC further said "as the outlook for semiconductor shortage is unclear, forecasts for the consolidated operating results" for the ongoing fiscal are "based on the assumption that the impact on plant ...

Honda upgrades connected features on 5th gen City with Google Assistant

The company said it has enhanced the Next-Gen Honda Connect platform by introducing Honda Action on Google.

Kia Motors dealers most satisfied across vehicle categories: FADA

Kia Motors India was followed by MG Motor and Toyota Kirloskar Motor in the four-wheeler mass-market segment

Tata Motors launches Tata Ace trim with price starting at Rs 3.99 lakh

Tata Motors on Thursday said it has launched a new variant of its small commercial vehicle (SCV), the Ace Gold Petrol CX, with price starting at Rs 3.99 lakh (ex-showroom). Available in two variants, the flat bed variant is priced at Rs 3.99 lakh, while the half deck load body variant is tagged at Rs 4.10 lakh. Tata Motors said it has partnered with the State Bank of India to provide finance options to its customers to buy the model. "The Tata Ace continues to be a strong, reliable and multipurpose vehicle having provided means of livelihood to over 23 lakh Indians to date. Resonating the Government's Aatmanirbhar Bharat vision, Tata Motors aims to inspire an entrepreneurial mindset through the launch of this vehicle," Tata Motors Vice President (Product Line SCV and PU) Vinay Pathak said. The Tata Motors' Ace platform has exponentially evolved over the last 16 years, focusing on bringing safer, smarter and valuable offerings to its customers in last-mile transportation, he ...

Tata Motors plans to hike passenger vehicle prices from next week

The Mumbai-based auto major sells a range of passenger vehicles like Tiago, Nexon, Harrier and Safari in the domestic market.

Auto major Hyundai pitches for import duty cut on electric vehicles

Any duty rate cut by the government on imported electric vehicles would be very beneficial, says firm

Harley Davidson's turnaround plan gains traction, shows signs of progress

The 118-year-old American brand, which has been steadily losing U.S. market share amid declining retail sales for six years, has shifted focus back to big bikes

Toyota joins hands with Karnataka govt to impart industry specific training

Toyota Kirloskar Motor on Friday said it has inked a pact with the Karnataka government for imparting industry-specific skill, culture and knowledge to the Industrial Training Institute (ITI) students