Page 47 - Automobile Manufacturer

India seeks comment on proposal to make airbags mandatory for cars

India on Tuesday sought public comment on a proposal to make airbags mandatory for the front passenger in all cars from next year

Indian auto industry expected to see stronger growth in 2021-22: Nomura

The Indian auto industry is expected to see stronger growth in 2021-22, after recovering from the devastating effects of the COVID-19 pandemic, with electric vehicle sales, especially two-wheleers, also likely to see positive movements, according to Nomura Research Institute Consulting & Solutions India. However, in the personal vehicles segment, the levels reached in 2018-19 would be reached only in 2022-23, it added. In 2018-19, passenger vehicle sales rose 2.7 per cent to 33,77,436 units from 32,88,581 units in 2017-18, according to the Society of Indian Automobile Manufacturers (SIAM). "After the devastating effects of the COVID-19 pandemic, it is expected that the auto industry will see stronger growth in 2021-22," Ashim Sharma, partner and group head (business performance improvement consulting-auto, engineering and logistics) at NRI Consulting & Solutions India, said. As far as personal vehicles are concerned, the 2018-19 levels would be reached only in 2022-23 whereas .

Twenty years ago Nissan squeezed suppliers, now it needs their help

Nissan Motor Corp, like rivals, has been hit as the pandemic sapped global demand

Honda Motor to shut Noida plant and cut production of four-wheelers

The Japanese automaker will move all India production to its newer Tapukara plant to the southwest of New Delhi, according to the Nikkei

Tata Motors floats VRS scheme to rein in fixed costs; its third in 4 years

The scheme announced on Friday is applicable to all the permanent employees and those employed at the plants

Auto manufacturers stare at supply outages amid shortage of semi-conductors

Mahindra and Mahindra is one of the firms that Bosch counts as a key customer. In a late evening notification to the stock exchange

CV sales pick up but analysts don't bet on manufacturers' optimism

The recovery in core industries and resultant manufacturing output have increased freight demand for transporters, which in turn has supported CV sales

Auto firms welcome PLI scheme as sector gets lion's share of incentives

Rs 57,000 cr provided to auto components and automobiles, as compared to other sectors like advanced cell chemistry battery, pharma, food products, and white goods

Passenger vehicle retail sales dip 9% in October on supply woes: FADA

Automobile dealers' body FADA said passenger vehicle retail sales in October witnessed a year-on-year decline of 8.8% to 249,860 units, as registrations slowed down owing to supply issues

Honda doubles full-year profit forecast, boosted by China rebound

Honda more than doubled its full-year operating profit forecast as its second-quarter earnings grew 28% amid a rebound in China after auto sales were squeezed by the impact of the coronavirus pandemic

VECV registers a 11.9% increase in sales to 4,200 units in October

VE Commercial Vehicles, a Volvo Group and Eicher Motors joint venture reported an 11.9% rise in sales for October at 4,200 units

Ashok Leyland commercial vehicle sales rise 1% in October to 9,989 units

Hinduja flagship firm Ashok Leyland reported 1% increase in total commercial vehicle sales to 9,989 units in October

Toyota Kirloskar posts 1.87% decline in total sales at 12,373 units in Oct

Toyota Kirloskar Motor on Sunday reported a 1.87 per cent decline in total sales at 12,373 units in October. The company had sold a total of 12,610 units in October last year, TKM said in a statement. On a sequential basis, the company said its October sales were higher by 52 per cent from September 2020 when it sold 8,116 units. Commenting on the sales performance, TKM Senior Vice President, Sales & Service, Naveen Soni said, "The month of October has been our best month so far since March 2020." He further said, "The festive season has proved to be bullish as we witness demand surging, month on month. This has been true of our retails too as order flow has been smooth, from the very beginning." Soni also said that the fact that the company's wholesaleshave been registering an average growth of close to 50 per cent every monthgives it the confidence that the demand for bigger vehicles is rising too, with both the Innova Crysta and the Fortuner clocking promising figures as ...

Maruti, Hyundai, Tata Motors witness brisk sales during Navratri period

Leading carmakers Maruti Suzuki India, Hyundai and Tata Motors saw better retail sales during the Navratri period this year as compared with last year with pent up demand of last few months aiding the brisk offtake. Kia Motors, Toyota Kirloskar Motor, Mahindra & Mahindra and Honda Cars India also witnessed robust sales during the ten-day period (including Dussehra) which is considered auspicious for buying new things and property. The country's largest carmaker Maruti Suzuki India (MSI) reported around 27 per cent increase in retail sales at close to 96,700 units during the Navratri period thisyear. "Our total retail sales were in the range of 96,700 units this year which is more than last year, MSI Executive Director for Sales and Marketing Shashank Srivastava said when asked about sales during the Navratri period. The auto major had retailed around 76,000 units in the same period last year. Similarly, Hyundai Motor India said it retailed 26,068 units during the period, an ...

Navratri sales: Cars zoom past sales goalposts, two-wheelers trudge along

Car market leader Maruti Suzuki India delivered around 85,000 to 90,000 cars as against 60,000 to 65,000 it delivered last year, said an industry source

Private sector yet to charge up on electric vehicle infrastructure

Foreign companies are more visible on technology side while domestic players like RIL-BP have plans only on paper

Actively scouting for a partner for passenger vehicle biz: Tata Motors

The auto major is looking for collaboration even as the process to carve out passenger vehicle (PV) business as a separate standalone unit gathers steam

Renault expands sales network, adds 34 sales, service outlets in 2 months

This marks a total of more than 90 new touchpoints that the company has added across India in less than a year, Renault India said in a statement

Frequent policy changes, taxes hurting luxury car market: Audi India head

Cars priced above Rs 25 lakh account for a per cent in India's 3 million-car market and share has remained unchanged over the last five years

Jaguar Land Rover's new chief plans deep cuts to product line-up

Six current and planned models face the axe, including electric XJ saloon