Page 48 - Automobile Manufacturer

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

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