Page 46 - Automobile Manufacturer

PV retail sales rise 28% YoY, 2-wheeler registrations dip 35% in Mar: FADA

Automobile dealers body on Thursday said PV retail sales in March witnessed a growth of 28.39% to 2,79,745 units, as compared to year-ago period which saw disruptions due to Covid-19 led lockdown

Competition among auto cos address issue of vehicle scrapping sops: Gadkari

In a Q&A, the Union minister of road transport and highways says scrapping centres will become an entire industry on their own, subject to state and central rules

Car buyers in India moving up value chain despite salary cuts, job losses

Maruti Suzuki India (MSIL), the market leader, has seen the contribution of mid- and top-end variants as the percentage of a model's sales mix goes up

Renault begins sales of SUV Kiger; delivers over 1,100 units on first day

The Indian arm of French automaker Renault has begun the commercial sales of its SUV Kiger with more than 1,100 units of the vehicledeliveredto customerson the very first day,the company said on Wednesday. The all-new Renault Kiger is currently available for bookings across the company's dealership network of over 500 outlets pan-India besides through its website, Renault India said. "Today (Wednesday),more than 1,100 Renault KIGERcars were delivered to the customers across India on the first day of commencement of sales," the company said. With Kiger,Renault has successfully launched yet another breakthrough product, targeted at the core of India's automotive market," saidVenkatram Mamillapalle, Country CEO & Managing Director, Renault India Operations. Following Duster, which made SUVs accessible to a large set of people, not just in India but across the world, Kiger is all set to make SUV aspirations accessible to a whole new set of customers, he said.

Honda Motorcycle reports 29% surge in total sales in February

Honda Motorcycle & Scooter India (HMSI) on Monday reported a 29 per cent increase in total sales at 4,42,696 units in February. The company had sold a total 3,42,021 units in the same month last year, HMSI said in a statement. Domestic sales last month stood at 4,11,578 units as against 3,15,285 units in February 2020, a growth of 31 per cent, it added. "While the industry growth is expected to hover near the double digits in Q4 and upcoming Q1 due to the low base of BSVI transition, Honda continues to drive the 2Wheeler demand recovery for second straight month of 2021," HMSI Director (Sales and Marketing) Yadvinder Singh Guleria said. The company is confident of maintaining the positive sales momentum in coming months too, with three new models (CB350RS, 2021 Africa Twin Adventure Sports, Grazia sports edition) exciting the market, he added. The two-wheeler major said its exports grew 16 per cent last month to 31,118 units as compared with the year-ago period.

Tube Investments ropes in Korean firm for 3-wheeler EV technology

Company will start making and selling the vehicles by December 2021 or January next

Delhi govt launches campaign to encourage shift to electric vehicles

The Dialogue and Development Commission (DDC) on Tuesday launched their Switch Delhi campaign to encourage private vehicle owners to shift to electric vehicles

Govt asks automakers not sell vehicles with downgraded safety standards

Road Transport and Highways Secretary Giridhar Aramane also noted that only a few manufacturers have adopted vehicle safety ratings system and that too used only for their high-end models

Hero Motors acquires stake in Hewland Engineering for undisclosed sum

Hewland Engineering is UK-based transmission design technology firm

Southern Railways sends cars from Chennai to Nepal for the first time

125 vehicles of Hyundai were moved from Walajabad to Nautanwa, UP, which is close to the Nepal border. The cargo has generated a revenue of Rs 18.27 lakh for Railways

Sustainability vs profitability: Auto companies walking a tightrope

Prices of key commodities, including steel, rubber, rhodium and platinum have seen a jump. Passing on the full cost increase may not be prudent as it may dissuade buyers

Mercedes-Benz India to increase car prices by 5% from January 15

Premium car maker Mercedes-Benz India on Friday said it is hiking its car prices by 5 per cent from January 15, owing to the currency depreciation and increasing input costs

Automaker forced to airlift raw material as container shortage bites

Companies halt production or pay 2-3 times extra to get slots in ships and containers

Fiat Chrysler India unveils updated version of SUV Jeep Compass

Automaker FCA India on Thursday unveiled the updated version of its SUV Jeep Compass in the country

Ducati says will come out with 12 new BSVI-compliant motorcycles this year

Italian superbike maker Ducati unveiled its expansion plans in the domestic market

Tata Motors to re-launch flagship SUV Safari in a new avatar this month

The new Safari has been designed and developed to appeal to the new age SUV customers

Axis Bank, Hyundai partner to offer smart financial solutions digitally

Axis Bank announced its partnership with Hyundai to offer the auto retail financing solutions to its customers

French automaker Renault to unveil compact SUV Kiger on Jan 28

Renault on Tuesday said it will unveil its upcoming compact SUV Kiger in India later this month

FCA India to expand local product line-up with $250 mn investment

Automobile manufacturer FCA will expand local product line-up in India with an investment of over $250 million

TVS Motor's two-wheeler sales up by 20% in December; exports up 28%

Motorcycle sales grew by 27%, recording 119,051 sold units in December 2020 as against 93,697 units in December 2019