Page 35 - Automobile

First FIR filed against Audi, VW in India for emission cheat device

The first FIR against Volkswagen and Audi in India for installing cheat devices in their cars to misrepresent emissions has been filed in Noida

Fresh investments in auto sector unlikely; long, dark period ahead: Siam

Wadhera said job losses in the auto sector cannot be ruled out

HMSI launches online booking platform for contactless customer engagement

Honda Motorcycle and Scooter India said it has launched online booking platform on its official website in order to strengthen contactless customer engagement in times of social distancing.

Maruti transports over 670,000 cars through Indian Railways in 6 years

Maruti Suzuki India (MSI) on Wednesday said it has transported over 670,000 cars through the Indian Railways in the past six years, witnessing a CAGR of over 18%

Hyundai records over 1.5 mn visitors on its online car sales platform

Hyundai Motor India Ltd (HMIL) on Monday said its online car buying platform has recorded over 1.5 million visitors and over 20,000 enquiries since its launch in March this year

Royal Enfield records 35% decline in sales at 38,065 units in June

Niche bike maker Royal Enfield has reported a 35 per cent decline in total sales at 38,065 units in June. The company had registered total sales of 58,339 units in the same month a year ago, Royal Enfield said in a late night statement on Wednesday. Domestic sales in June were at 36,510 units as against 55,082 units in the year-ago month, down 34 per cent, it added. Exports last month were at 1,555 units as compared with 3,257 units in June 2019, a decline of 52 per cent, it said.

Delays in port clearance to impact vehicle manufacturing, says SIAM

Delays in port clearance due to manual inspection of import consignments is expected to impact vehicle manufacturing in the country, Society of Indian Automobile Manufacturers (SIAM) said.

Coronavirus impact: Toyota Kirloskar Motors sales dip 86% in May

There has been a significant surge in customer orders and enquiries online, through digital platforms, company official says

Covid-19 crisis: Auto sales may see sharpest decline in 20 yrs, says Ind-Ra

The decline (excluding in tractors) would be the steepest in the last two decades

India Inc welcomes RBI's rate cut, says will revive demand in auto, realty

Falling rates to help; rise in group exposure limits will support large companies

Contactless sales to benefit passenger car, two-wheeler segments: EY

Companies like BMW, Hyundai, Volvo and Peugeot have successfully deployed almost contactless online sales globally

From airlines to automobiles, businesses see washout in April amid lockdown

According to the Indian Cellular and Electronics Association of India, the loss in revenues for mobile device manufacturers during the lockdown has been Rs 20,000 crore

Coronavirus impact: Slowdown-hit automobile hub stares at dead end

The Gurugram-Manesar-Bawal belt, stretching up to Neemrana in Rajasthan, houses one of the largest auto clusters in India

Coronavirus lockdown: With no food or hope, truckers stranded across India

Some 500,000 drivers and helpers have been left high and dry across the many state borders because of lockdown, suggest estimates by the IFTRT

Closure of manufacturing plants to cost over Rs 2,300 cr loss per day: SIAM

Hero MotoCorp, Honda Motorcycle and Scooter India, TVS Motor Company, Bajaj Auto, Yamaha and Suzuki Motorcycle have also suspended production.

Volvo Eicher sees no rush among transporters to buy BS-IV trucks

Automakers in India import about 10% of their raw materials from China

Shared mobility can unclog India's cities

India has a total of over 30 million passenger vehicles

Crude to snuff gains from weak rupee, muted global demand to hurt exports

Tourism and hospitality, auto and aviation could see a demand crunch amid coronavirus; earnings from rupee depreciation to export-driven sectors such as IT and pharma could be limited

Slow economy, weak sentiment to continue weighing on auto sales: Fitch

Vehicle sales have been hampered by weak consumer sentiment and still-weak availability of financing following tighter liquidity at non-banking lenders since the middle of 2018

Slowdown hangs heavy over Auto Expo; Indian 2-wheeler cos give it a miss

The absence of various manufacturers from the show was compensated by the Chinese companies