Page 28 - Automobile

Maruti Suzuki, Tata Motors: Auto stocks face major hurdles amid Covid surge

Automobile and financial stocks dominate the list of companies where analysts have scaled back their earnings estimates for FY22

Covid-19 second wave may stall mobility sector's recovery, says RedSeer

The recovery is likely to go on a downward trajectory with a drop of 30-40% as many states like Maharashtra, Delhi and Karnataka, among other states, go into lockdown, says the consulting firm

UK becomes first country to green-light driverless cars on its roads

The country announced it would regulate the use of self-driving vehicles at slow speeds on motorways, with the first such cars possibly appearing on public roads as soon as this year

M&M Finance eyes Rs 20,000-crore small-ticket loans via e-platform

The company expects to build a strong balance sheet in digital business unit which will not just add to the growth of M&M Finance but also help to retain existing customers

Huge global disparities in ownership of electric cars, shows study

There are still very few electrified vehicles on the roads in large markets like Russia, South America and Africa

Hero MotoCorp halts production all across as precautionary measure

Firm says shutdown is due to massive and unrestrained spread of Covid-19 across the country

E-commerce, digitisation to accelerate India's auto sector growth: Report

Strong acceptance of e-commerce and digitisation is expected to accelerate the growth of India's auto sector, advisory firm Grant Thornton Bharat said

BS READS: Why EVs can be only slightly cleaner than petrol cars in India

Given India's reliance on coal, electric vehicles could at best be 10% more efficient than petrol in terms of CO2 savings, show BS calculations. Petrol cars more environment-friendly in some states

Slowing entry segment volumes may derail Hero MotoCorp's sales trajectory

While overall two-wheelers sales are down, what is hurting Hero MotoCorp is that the slowdown is impacting the entry and executive segments the most

Demand revival, higher realisations and export growth to help Wabco India

One of the key reasons that Wabco India would rank higher compared to other auto component firms is the lower impact from new technology disruption

MG Motor India sees retail sales of 5,528 units in March on robust demand

'The highest monthly sales achieved in March 2021 are very encouraging with momentum continuing for our product lines', said the chairman

Tata Motors reports sale of 66,609 units in domestic market in March

Total passenger vehicle sales last month stood at 29,654 units. The company had sold 5,676 units in March 2020

Volkswagen US name change to 'Voltswagen' was April Fool's joke gone awry

Earlier, the automaker caused an uproar last year with a video clip that showed a black man being controlled by a giant white hand

China's Xiaomi announces smart EV business, to invest $10 bn over 10 years

Chinese smartphone maker Xiaomi Corp has formally entered the automotive industry with a new smart electric vehicle (EV) business, the company announced on Tuesday in a filing

Top headlines today: Misty's exit valuation, auto aftermarket, and more

Here are the top business headlines on Tuesday morning

China's Great Wall Motor plans to launch hydrogen fuel-cell SUV model

Great Wall has planned eight new models under WEY marque, which it aims to compete with Toyota and Volkswagen

Automaker Skoda unlikely to drive in electric vehicle in India anytime soon

Skoda is not likely to drive in its electric car in India anytime soon as it thinks the market is not ready for such vehicles due to high acquisition cost as compared with internal combustion cars

Toyota Kirloskar to hike vehicle prices from April to offset input cost

The increase is necessitated to offset the substantial increase in input costs, it added

World's biggest automakers suspend operations as chip supplies dry up

"Production is really vulnerable right now," Bloomberg Intelligence auto-industry analyst Tatsuo Yoshida said. "Any kind of abnormal occurrence causes parts to run out"

Skoda lines up new products, plans to boost sales, infrastructure in India

Skoda is looking to launch multiple products, expand its sales network and enhance local content in its cars as it aims to carve out viable business for itself in the highly competitive Indian market