Page 29 - Automobile

Auto components maker Rolex Rings Ltd submits IPO papers with Sebi

Auto-components maker Rolex Rings Ltd has filed preliminary papers with capital markets regulator Sebi to launch an initial share sale

BMW ramping up move into electric cars, vows 50% global sales by 2030

German automaker BMW said Wednesday it intends to speed its rollout of new electric cars, vowing to bring battery-powered models to 50 per cent of global sales by 2030.

Royal Enfield aims to become a $5 billion global company: Report

Royal Enfield is targeting a 10 per cent market share in mid-size bikes in the export market

Craftsman Automation IPO: Opportunities & risks to know before subscribing

Craftsman Automation has many global and domestic clients including Tata Motors, Tata Cummins, M&M, Simpson and Co, Escort, Ashok Leyland, and TVS Motors

Tractor sales rise by around 30% in February 2021 to 84,690 units

February 2021 sales were lower compared to January 2021 sales of 87,579 units and production of 96,020 units

Ola Electric's scooter could lead to market share loss for existing players

Ola Electric's scooter: Pricing would be critical as cost is the biggest deterrent at present

TVS Motor Company launches 2021 TVS Apache RTR 160 4V motorcycle

TVS Apache RTR 160 4V motorcycle comes with an advanced 159.7 cc single-cylinder, 4-valve, oil-cooled engine, that churns out 17.63 PS at 9250 RPM and 14.73 Nm torque at 7250 RPM.

Honda to sell limited batch of Legend sedan level 3 self-driving cars

Honda Motor Co Ltd on Thursday said it will sell a limited batch of its flagship Legend sedan equipped with level 3 autonomous driving technology that enables vehicles to navigate congested highways

Suzuki Motor charges up for EVs, spells out strategy for the first time

The Japanese auto major spells out its strategy for the first time and puts its India subsidiary at the centre of its plans

Ashok Leyland's M&HCV truck sales rise 44% in February, bus sales fall 84%

The company's light commercial vehicle sales rose by 46 per cent to 5,662 units from 3,867 units in the year ago period

MG Motor sales increase over three-fold to 4,329 units in February

MG Motor India on Monday said it recorded its best-ever retail sales in February at 4,329 units

Bajaj Auto sales up 6% to 3,75,017 units in February, two-wheeler biz up 7%

Bajaj Auto on Monday reported 6 per cent rise in total sales at 3,75,017 units in February, as against 3,54,913 units in the same month last year.

Exploring possibility of exporting H'nessCB350 to global markets: HMSI

Honda Motorcycle & Scooter India (HMSI) is exploring the possibility of exporting its mid-sized premium bike H'ness CB350 to various markets across the globe even as it works to cater to the robust demand for the model in the domestic market, a senior company official said. The company rolls out the bike with over 90 per cent localisation from its Manesar (Haryana) based manufacturing facility. HMSI had introduced the bike in October 2020 and has already crossed 10,000 sales mark in February this year in the domestic market. "Since this model is already meeting the European regulations, there are many countries where this model could be exported. So we are in discussion with our headquarters. Already the model is three months old in the domestic market and there is interest from other Honda companies across the globe," HMSI Director (Sales and Marketing) Yadvinder Singh Guleria told PTI in an interaction. Terming it "one model which is Made in India for the world", he noted that ..

Hyundai bought chips when rivals didn't; its assembly lines keep rolling

The South Korean automaker kept buying chips even as rivals cut orders to reflect diminished demand because of the pandemic

Car sector seeks more British government support as output tumbles

Output in January fell by 27% year-on-year to 86,052 vehicles, hit by factors including dealership closures during a latest Covid-19 lockdown

Samsung SDI to invest $849 million to expand EV battery plant in Hungary

Samsung SDI, an affiliate of South Korean tech giant Samsung Electronics Co Ltd, began production at the Hungary plant in 2018, producing batteries for 50,000 EVs a year

TVS Motor Company appoints Timothy Prentice as Vice President for design

Prentice specialises in advanced design planning, and TVS expects his experience in designing high-performance electric vehicles to take its EV line-up design to the next level

Matter bets on Indian EV market, targets $1 billion turnover by 2025

"We are expecting the same thing that happened with 4G, the rate of adoption of 4G exploded above everyone's expectations, and that is what we are expecting with EVs as well," Matter Founder, CEO said

US: Kia Motors and Hyundai recovering from days-long network outages

In a statement on Thursday, Kia cited "online speculation" that Kia was hit by ransomware, which scrambles data until a victim pays to have it decoded

Restructuring inevitable for Renault Samsung for survival: CEO Signora

Renault Samsung Chief Executive Dominique Signora made the comments as the company struggles with lower vehicle sales and high labor and manufacturing costs