Page 34 - Automobile

Escorts Ltd posts best-ever August sales; domestic tractor sales shoot 80%

The company's domestic sales rose to 6,750 units from 3,763 units

Two-wheeler makers' shares surge after Sitharaman's comment on GST cut

Shares of two-wheeler majors Hero MotoCorp, Bajaj Auto and TVS Motor Company soared after Nirmala Sitharaman's comment that the GST Council will consider the proposal to cut GST on two-wheelers

Top-end bike maker Harley-Davidson may exit India due to poor sales: Report

Harley-Davidson India sold fewer than 2,500 units in the last financial year and only about 100 bikes between April-June 2020

Ashok Leyland shares up 13% post Q1 nos; expects Q3 and Q4 to be better

The company reported a consolidated net loss of Rs 388.82 crore for the first quarter ended June 30 (Q1) as against a net profit of Rs 274.96 crore in Q1FY20

Honda Amaze crosses 400,000 cumulative sales milestone in India

Honda Cars India Ltd said its compact sedan Amaze has crossed 4-lakh cumulative sales mark in the country

Kia Motors Corp unveils compact SUV Sonet; plans to launch next month

South Korean automaker Kia Motors Corporation on Friday globally unveiled its sub four meter compact SUV Sonet which it plans to launch in India next month.

Tata Motors introduces subscription model for compact SUV Nexon EV

Customers can select the tenure of their subscription from a minimum period of 18 months, 24 and 36 months

Toyota ekes out weakest Q1 profit in 9 years as pandemic halves car sales

Toyota's operating profit plunged 98% to 13.9 billion yen ($131.73 million) for the three months ended June

US auto sales recovery amid pandemic continues as Toyota decline slows

The Japanese automaker said its sales in July fell 19% versus the same month in 2019, to 169,484 units

Tractor sales grow as monsoon, govt help for farmers lift rural economy

Companies expect to reach full capacity in August after fixing supply chains that collapsed in the months-long lockdown to contain the coronavirus

Two-wheeler sales show recovery in July; firms dispatch 769,045 units

The year-on-year decline also narrowed to 4.4% in July from the high double-digit decline in the previous month

FCA India recalls 547 units of MY20 Jeep Compass for fixing 'brace nut'

Automobile maker FCA India said it is recalling 547 units of its 'MY20 Jeep Compass' model to rectify fitment of a 'brace nut' which is used in wiper assembly as a precautionary exercise.

No BS-IV vehicle registration until decision on sale during lockdown: SC

The bench had on July 8 recalled the March 27 order by which it had allowed sale of BS-IV vehicles for 10 days across India, except in Delhi-NCR

Hero Electric partners with Autovert for subscription-based financing plans

Hero Electric on Thursday said it has partnered with fintech start-up Autovert Technologies for subscription-based financing plans for its electric two-wheelers

KTM offers additional warranty, assistance for bookings before Sept 20

With a customer base of over 270,000 lakh, India is the largest market for KTM globally

General Motors posts smaller-than-expected Covid-19 hit in second quarter

GM did not provide a earnings forecast for the year, but said it ended the second quarter with $30.6 billion in cash

Tesla CEO Elon Musk says open to supplying batteries to other automakers

Tesla Inc Chief Executive Officer Elon Musk said on Tuesday that the company is open to licensing software and supplying powertrains and batteries

Tata Motors ropes in ex-Renault boss Thierry Bollore to steer JLR

He takes over from Ralf Speth at a time when auto demand remains under pressure and JLR continues to battle multiple headwinds

Skoda Auto India expands online sales platform, offers new features

Skoda Auto India has integrated its over 80 plus dealership touchpoints pan-India

Nissan sees $4.5 bn annual operating loss as pandemic hinders recovery

Nissan Motor Co said it expects to make an annual operating loss for a second straight year, as the coronavirus pandemic hampers its efforts to emerge from a deep slump in sales