Page 50 - Automobile Manufacturer

Skoda Auto India plans to ramp up reach, expand to 50 new cities in 3 years

The Czech auto manufacturer said in statement that under the purview of its 'INDIA 2.0' project, it will have at least twice as many sales and service touchpoints by 2022, as compared to now

Expect sales volume to pick up in festive season during Oct-Mar: Honda

It also expects production across its two plants in India to touch pre-Covid-19 levels by the end of next month

Auto companies may face 10-12% price increase for half-yearly contracts

Auto executives confirmed that negotitations between steel companies and major automakers - Maruti Suzuki, Hyundai and Mahindra & Mahindra - are in final stages

Maruti Suzuki plans digitised financing options amid growing online demand

The country's largest car maker that sells on an average one out of every two cars sold in the country has seen digital enquiries spike to over 45 per cent during the lockdown months

Global spread helps Motherson Sumi tackle Covid-19 pandemic pain

The third part of the series looks at how the firm used its first-mover advantage to get production back on track

Changes and challenges for automakers as India eases coronavirus lockdown

March and April were the cruellest for automakers because of a nationwide lockdown. As economic begins to pick up, Surajeet Das Gupta explains how automakers can get business in these uncertain times

Delays in port clearance to impact vehicle manufacturing, says SIAM

Delays in port clearance due to manual inspection of import consignments is expected to impact vehicle manufacturing in the country, Society of Indian Automobile Manufacturers (SIAM) said.

Bajaj Auto says Waluj unit running normally after reports of Covid impact

Firm admits it had its first case on June 6, but says it undertook testing, contact tracing, self-isolation and complete sanitation as per protocol

Coronavirus impact: Toyota Kirloskar Motors sales dip 86% in May

There has been a significant surge in customer orders and enquiries online, through digital platforms, company official says

Tata Motors to acquire Jayem Automotives stake in JT Special Vehicles

JTSV will become a wholly owned subsidiary of Tata Motors, following the completion of the procedural requirements

M&M plans to exit loss-making international subsidiaries in a year

The move is prompted by the steep impairment loss reported by the consolidated entity as SsangYong Motor (SYMC), its Korean subsidiary, and Genzee, its two-wheeler entity in the US, turned in losses.

Eicher Motors Q4 PBT down 45.5% on absorbing share of Rs 14 cr loss in JV

Total income declines 11 per cent to Rs 2,351.30 crore

Hero MotoCorp: Despite ops returning to normal, raising volumes a challenge

Company's prospects dented by lack of firm demand trend

Hero MotoCorp cuts capital expenditure for FY21 by 40% to conserve cash

Firm says retail uptick has been very encouraging; Hero hopes to clock 80% volume of what it was doing before the pandemic struck, in June

About 90% of retail network have resumed operations: Royal Enfield

Royal Enfield said its facilities, offices and stores across India had remained closed in compliance with government guidelines between March 22 and May 5, 2020

I am cautiously optimistic about demand revival in H2: TVS Motor CEO

While the company expects to outdo the industry on domestic sales and exports, its capex in the current year is likely to come down substantially

TVS Motor reports decline of 47% in profit befiore tax for Q4FY20

The overall two-wheeler and three-wheeler sales including exports registered 633,000 units in the quarter as against 907,000 units registered in the quarter ended March 2019

Kia Motors to invest an additional $54 mn in Andhra Pradesh facility

The company had announced $2 billion investment, including a vendor base in the state at the time of signing an MoU with the AP government in April 2017

Bond market signals rocky road ahead for Tata Motors, Jaguar Land Rover

JLR bonds trading at record yield of 13.2%, more than double since the pandemic broke out

Undeterred by the coronavirus pandemic, Skoda launches three new models

Skoda has launched the models at a time when the pandemic and lockdown have sapped sentiments and India is staring at a recession