Page 30 - Automobile

Foxconn Taiwan auto JV aims to roll out EV bus in October: Report

Foxconn aims to provide components or services to 10% of the world's EVs by between 2025 and 2027

GM's China venture, PATEO files anti-monopoly complaint against Tencent

Tencent, GM and SAIC's joint venture SAIC-GM-Wuling did not immediately respond to requests for comment

Bajaj Auto logs 8% rise in sales in Jan, two-wheeler export up by 30%

Domestic two-wheeler sales were marginally lower at 1,57,404 units as compared to 1,57,796 units in January last year, the company said

Honda Cars domestic sales rise over two-fold to 11,319 units in January

Honda Cars India Ltd (HCIL) on Monday reported an over two-fold increase in domestic sales to 11,319 units in January as compared to the same month last year. The company had sold 5,299 units in the domestic market in January 2020, HCIL said in a statement. Exports for the period under review stood at 1,233 units as against 182 units in the year-ago period, it added. "The strong demand for our popular sedans Amaze and City in fact exceeded the supply last month and we seem to be heading towards sustainable market recovery except for a few challenges," HCIL Senior Vice-President and Director Marketing & Sales Rajesh Goel said. With the COVID-19 vaccination drive currently in progress, the automaker expects it to propel positivity in the market, resulting in a steady demand going forward, he added. The company has also started exports of its sedan City to new left hand drive markets which gave a fillip to the export volumes, Goel noted.

Ashok Leyland M&HCV sales grow 32% in January, bus sales falls 79%

Total M&HCV sales dropped by 2 per cent to 6,839 units in January 2021 from 6,949 units, a year ago

Auto sector going through long-term structural slowdown, CAGR dips: SIAM

The study clearly shows that the pandemic is not the only reason for the auto sector slowdown, which is facing deeper structural issues that need attention, the industry body noted

Strategies for auto stocks as Centre proposes 'green tax' on old vehicles

Union Minister for Road Transport and Highways Nitin Gadkari's proposal to levy 'green tax' on old vehicles polluting the environment nudged investors to off-load auto stocks from their portfolio

Groupe PSA announces Citroen's first phygital showroom in Ahmedabad

European auto major Groupe PSA, which is going to kick-start its journey with the premium SUV, said it is working on a new platform and India will be the first market to have products from it

Global chip shortage hampers Japanese automakers' production and recovery

Lockdowns and travel restrictions are prompting housebound shoppers to snap up more phones, game consoles, smart TVs and laptops, which in turn has fueled demand for the chips

Covid-19 impact: Ford announces closing of Brazil manufacturing operations

The automaker also said it will keep its South America headquarters, product development centre and proving grounds in Brazil

Time to go green: Here's a list of upcoming electric cars in India in 2021

If you are looking to reduce your carbon imprint and go green with your new car, here is a list of new upcoming electric cars in India that you may wish to buy

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

Tesla 2020 deliveries beat estimates, but fall just short of Musk's target

Tesla at the start of 2020 said it would "comfortably exceed 500,000 units" for the year, a target it has left unchanged despite the pandemic

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

Ford Motor, Mahindra call off JV over global economic, business conditions

The latest move will not have any impact on its product plan, Mahindra and Mahindra said

Ford Motor pulls the plug on plans to cede India business to Mahindra

Ford took a $799 million impairment charge in 2019 in anticipation of the asset transfer to Mahindra to account for what it called fair value less cost to sell

Looking for a new bike? Here's a list of 10 upcoming bikes in 2021 in India

We have prepared a list of the 10 upcoming models in 2021 in India that you may like

Looking to buy a car in 2021? Here's a list of top 10 upcoming cars

Automobile companies suffered losses in 2020 because of the Covid-19 pandemic and are looking to recoup business with new launches in 2021

Maruti Suzuki Jimny: Launch date, price, specifications and other details

The new Maruti Suzuki Jimny is the 4th generation model of the popular Maruti Suzuki Gypsy

Two-wheeler industry hopeful of growth in Q4 but wary of Budget: HMSI

The farmers' agitation and Budget are "sort of dark clouds" as the two-wheeler industry is hoping for a low single-digit sales growth in Q4 of 2020-21 on the back of a low base of previous year