Page 32 - Automobile

M&M to manufacture K2 tractor series in Telangana; to invest Rs 100 cr more

Mahindra & Mahindra Ltd (M&M) on Tuesday said it will manufacture its new tractor series K2 exclusively at its Zaheerabad facility in Telangana, where it will bring incremental investments of Rs 100 crore and double employment in the plant by 2024. The new K2 series is Mahindra's most ambitious light-weight tractor programme. It has four platforms and the company will introduce 37 models in various horsepower (HP) ratings for domestic and international markets, including the US, Japan and South East Asia, M&M said in a regulatory filing. The new tractor series has been developed through close collaboration between the engineering teams from Mitsubishi Mahindra Agricultural Machinery of Japan and Mahindra Research Valley, India. "The new series will enable Mahindra to introduce products across four new tractor platforms, in the sub-compact, compact, small utility and large utility tractor categories, covering 37 models across various HP points," it said. M&M Executive ..

Maruti launches round 5 of Mobility & Automobile Innovation Lab initiative

The country's largest carmaker Maruti Suzuki India on Tuesday announced the fifth round of its 'Mobility & Automobile Innovation Lab' (MAIL) initiative, inviting entries from early startups in mobility and automobile space. So far, the company has collaborated with 18 startups selected in the previous four rounds of the MAIL programme, Maruti Suzuki India (MSI) said in a statement. Commenting on the initiative, MSI Managing Director & CEO Kenichi Ayukawa said, "As a next step, in the fifth cohort, we look forward to engage with more startups with innovative ideas for the automobile industry. Entrepreneurs with disruptive ideas, especially in light of the ongoing pandemic situation, can apply for the fifth cohort of our MAIL initiative". The MAIL programme has completed two years of collaborating and promoting the startup fraternity, he said, adding "We have successfully engaged with 18 startups and have enabled 10 POCs (proof of concepts)". Launched in January 2019, MAIL ...

General Motors recalling nearly 69,000 Bolt EVs worldwide for fire risks

GM said the vehicles pose a fire risk when charged to full, or nearly full capacity.

Economic stimulus measures to help accelerate economic activity: SIAM

The industry body said it appreciates the proactive role being played by the government

TVS Motor launches new TVS Apache RTR 200 4V, priced at Rs 1.31 lakh

The new bike is available from today in three colour variants

Bajaj Auto reports 11% jump in total sales at 512,038 units in Oct

Bajaj Auto Ltd on Monday reported an 11 per cent increase in its vehicle sales

TVS will grow faster than industry both in domestic and global markets: CEO

Company confident on maintaining EBITDA growth momentum on the backdrop of better product mix, cost management and exports

Volkswagen returns to profit as global automobile markets recover

Volkswagen said it returned to profit in third quarter thanks to cost discipline and a rebound in sales led by China after the lifting of the severe restrictions in the early phase of the pandemic

Festive boom: Mercedes-Benz delivers 550 cars during Navratri, Dussehra

German luxury carmaker Mercedes-Benz on Monday said it delivered 550 cars during Navratri and Dussehra thus driving into a robust festive season. The deliveries were in Mumbai, Gujarat, Delhi NCR and other Northern markets. The festive season deliveries in the Delhi-NCR region stood at 175 units and there is anticipation of strong demand for upcoming Diwali and Dhanteras period, Mercedes-Benz India said in a statement. Commenting on the performance, Mercedes-Benz India Managing Director & CEO Martin Schwenk said, "the festive season this year has begun on a very strong note and we are glad to witness this positive customer sentiment." He further said, "this impressive number of deliveries makes us confident of a good festive season and firmly underlines the trust and confidence that luxury car buyers have on Mercedes-Benz brand and products." On the outlook, he said, "we are confident of further driving this momentum for the rest of the festive period and the quarter. We have an .

Tata Motors reaches milestone of producing 4 mn passenger vehicles

Automobile major Tata Motors has achieved the production milestone of 4 million passenger vehicles in India since its inception

Maruti launches special edition of Swift in festive season at Rs 519,000

The Swift Special Edition is available at an additional cost of Rs 24,990 across all company's dealerships

Icra sees overall automotive volumes in FY21 being pushed back by 10 years

Rating agency expects GDP to decline by 11% in FY21; this will trickle down into lower demand for the automotive industry in general

TVS Motor's Apache motorbike brand crosses 4 million sales milestone

TVS Motor Company said its premium motorcycle brand Apache has crossed 4 million sales mark across domestic and international markets

Audi launches new variant of premium Q8 SUV priced at Rs 98.98 lakh

German luxury car maker Audi on Friday launched a new variant of its premium SUV Q8 priced at Rs 98.98 lakh

Passenger vehicle retail sales up 9.81% in September to 195,665 units

Other than PVs, tractors remain the only segment to show growth in sales while all the other segments continue to be in red

Yamaha Motors expects sales momentum to continue in festive season

Two-wheeler maker Yamaha Motor India on Tuesday said it expects sales to remain strong during the festive season having already witnessed growth in offtakes in the last three months

Maruti Suzuki's compact SUV Brezza logs 550,000 sales in 4.5 yrs of launch

The country's largest carmaker Maruti Suzuki India on Tuesday said its compact SUV Vitara Brezza has crossed 550,000 units cumulative sales milestone within 4.5 years of launch

Sales recovery 'tactical' due to pent-up demand, not sustainable: MG Motor

Recovery seen in auto sales in the past couple of months is not a sustainable one and there is a question mark on how the industry would fare next year as the sector is hugely linked to the economy

Kia Motors looks to ace SUV segment in India with Seltos and Sonet

South Korean automaker Kia Motors is vying for the top slot in the high selling entry-level, mid-SUV segments in India with Seltos and Sonet generating robust volumes for the company, according to a senior company official. The company, which reported its highest-ever retail sales in the country in September, has already raced to number one position in the sub-four meter compact SUV segment last month with its newly launched model Sonet dominating the segment. Kia sold 9,266 units of Sonet in September thus getting the better of the likes of Hyundai Venue and Maruti Suzuki Vitara Brezza. Similarly, it sold 9,079 units of Seltos last month to take the second spot behind Hyundai Creta which sold 12,325 units. "We are now present in both SUV low and mid segments with Sonet and Seltos and we would be market leaders in both of them," Kia Motors India Vice-President & Head Marketing and Sales Manohar Bhat told PTI. Both the models are high on design and features and come with wide range

We expect to grow 15-20% this fiscal: Triumph Motorcycles' Shoeb Farooq

Firm plans to launch pre-owned vehicles in India next month. Today the brand has 7,000 customers here and the India Business Head says that would be good enough to start the programme