Page 23 - Automobile

Motor third-party premium rates to be revised after two years

The ministry of road transport and highways released a draft notification for revising the motor third party premium rates for the financial year 2023

Auto engineer jobs up 7% in Feb driven by EV market: Report

Hiring demand for automotive engineers grew eight per cent sequentially in February driven by an uptick in the electric vehicles (EV) market, according to a report.

Two-wheeler sales skid 25% in February amid poor demand, chip shortage

Likely spike in fuel costs following soaring crude prices could delay recovery in the world's largest market for scooters and motorcycles, said analysts

CV sales pick up pace in Feb on improved macro economic factors

Cumulative CV sales at top-four players up 25% YoY to 72,434 units

Indian Rlys sees 34% rise in automobile freight at 3.35 mn tonnes in FY22

The Railways' overall annual freight rose 16% in 2021-22, to an all-time high of 1,278.8 mt

Car review: Kia Carens packs style with smart pricing

It's good looking, with stylish design cues, yet it manages to retain an authentic DNA that had come to be expected of the Korean badge

Automaker Stellantis reaps $15-billion profit in 1st year of merger

Automaker Stellantis said Wednesday that it made 13.4 billion euros (USD 15.2 billion) in its first year after it was formed from the merger of Fiat Chrysler Automobiles and PSA Group. The earnings nearly tripled profits compared with its pre-merger existence as two separate companies, as the maker of Jeep, Opel and Peugeot vehicles exploited cost efficiencies from combining the businesses. The result compared to a combined 4.79 billion euros for the separate companies in 2020 before the merger, which took effect on Jan. 17, 2021. Revenue for the combined business rose 14per cent, to 152 billion euros. CEO Carlos Tavares said the results prove that Stellantis is well positioned to deliver strong performance" and had overcome intense headwinds during the year. Automakers have struggled with shortages of key parts such as semiconductor electronic components and rising costs for raw materials as the global rebound from the worst of the coronavirus pandemic brings more demand. The co

Ola Electric set to invest Rs 3,500 crore in five years under PLI scheme

Sources say Ola had announced that it would invest Rs 2,400 crore in the first phase of its electric two-wheeler plant with an initial capacity of 2 million

What is telematics? What are its advantages?

Like aeroplanes, vehicles too have their own version of 'black box' which monitors driving habits, vehicle usage and distances covered. They are called telematics. Find out more about it here

Uber to allow riders see ratings they receive from drivers

In a first, ride-hailing major Uber on Wednesday said the riders can now see how many five-star ratings -- including the shameful one-star reviews -- they've racked up from drivers.

Renault Kiger earns 4-star adult safety rating in Global NCAP crash test

Automaker Renault on Tuesday said its sub-four metre compact SUV Kiger has received four-star safety rating for adult occupant safety by Global NCAP, the foremost global car assessment programme.

Kia launches the new Carens with a starting price tag of Rs 8.99 lakh

Automaker Kia India on Tuesday launched its fourth product -- Carens -- in the domestic market, with the introductory price ranging between Rs 8.99 lakh and Rs 16.99 lakh (ex-showroom).

Statsguru: Six charts explain India's uneven economic recovery

A key reason for lower than expected inflation projections could be weak demand

Motherson Sumi shares decline nearly 5% after 80% fall in Q3 PAT

The stock tanked 4.82 per cent to settle at Rs 171.70 on BSE, it declined 4.54 per cent to close at Rs 172.15 on NSE

Auto components major Motherson Sumi Q3 net dips 80% to Rs 226 crore

Total revenue from operations stood at Rs 16,117.51 crore in the quarter under review against Rs 17,092.44 crore in the year-ago period

Ralf Dieter Speth to replace Venu Srinivasan as TVS Motor chairman

Speth had worked in companies like BMW, Premier Auto Group and Linde among others

Suzuki Motorcycle reports 8% growth in January sales at 70,092 units

Exports last month stood at 9,469 units as against 7,865 units in January 2021

Mass transport awaits a green revolution: How FM can power up EV industry

Clean energy public transport is crucially dependent on the mechanics of financing

Pressure easing at auto, consumer appliance firms as input costs cool down

Manufacturers, however, remain watchful of inflationary trend, even as their prices hikes begin to outpace incremental costs

Maruti Suzuki Q3 results: Net profit skids 48% on global chip shortage

Expects no demand let-up; targets production ramp-up in Q4