Page 15 - Automotive Industry

Self Drive Nepal to be BYD electric vehicle's exclusive rental partner

A BYD service center will also be set up at Spark Group's facility in Guheshwori, Kathmandu, which is scheduled to be operational within May 2022

Skoda Auto India expands its pre-owned car biz to over 100 dealerships

Till date more than 2,500 used cars have been delivered through the company's Certified Pre-Owned network

Ashok Leyland total vehicle sales rise 17% to 20,123 units in March

Hinduja Group flagship Ashok Leyland on Friday reported a 17 per cent year-on-year growth in its total vehicle sales, including exports, at 20,123 units in March. The company had sold a total of 17,231 vehicles in March 2021, Ashok Leyland said in a statement. Total Medium and heavy commercial vehicle (M&HCV) sales spiked 26 per cent to 13,990 units in March 2022, as compared to 11,101 units in March 2021. Total LCV sales during the reporting month stood flat at 6,133 units, it stated. The company had sold a total of 6,130 light commercial vehicles (LCVs) in March 2021. Total domestic sales grew 18 per cent in the previous month to 18,556 units, as against 15,761 units clocked in March 2021, with M&HCV sales recording 29 per cent growth at 12,734 units, while the LCV sales declined 1 per cent at 5,822 units, as against 5,860 units sold in March 2021, as per the statement.

Maruti Suzuki: Genuine accessories available online in over 100 cities

The company said users can search accessories based on the vehicle model, variant and product category

Maruti Suzuki expects sales momentum to continue with better chip supplies

Maruti Suzuki India Managing Director and CEO Kenichi Ayukawa said that the company could even reach the 2018-19 peak volume level if the chip supply remained adequate

Automotive industry to see more data-driven tech soon: Dell Technologies

The company has indicated that the transformation will be similar to that of the evolution that was seen in telecom and retail, which resulted in increased consumption of IT

French automotive supplier Faurecia cuts 2021 financial guidance

The company now forecast 2021 sales of between 15-15.5 billion euros and an operating profit margin of 5.5%, compared to a previous target of sales at 15.5 billion euros

Chip shortage: Ola electric scooter deliveries delayed up to one month

Schedule pushed back by two to four weeks after a meeting between its factory team and suppliers.

Aim to make Indian automobile sector no. 1 in world: Nitin Gadkari

Nitin Gadkari on Friday said his aim was to make the Indian automobile industry number one in the world

Motown in fast lane! Auto stocks eye up to 20% upside; MRF can hit Rs 1L

The NSE Auto index seems well placed to test its all-time high; Prominent auto stocks like Tata Motors, Bajaj Auto, Hero MotoCorp and TVS Motor can gain 3.5-10 per cent

Pure-play electric two-wheeler firms may fail to ride auto PLI scheme

Unsurprisingly, the maximum investment has gone into creating capacities for electric two-wheelers, followed by the rest

Chip shortage: What caused it and how will this impact you & industry?

In this podcast, we discussed why there is a semiconductor shortage and what are its impact

Repair, not replace, vehicle under warranty

The National Commission observed there was no evidence to establish an inherent manufacturing defect, so the State Commission was justified in not ordering a refund

India revenue secretary says open to 'tinkering' tax rates on automobiles

India is open to discussing a change in tax rates on automobiles, the country's revenue secretary said on Wednesday, indicating receptiveness over negotiation on a long-standing request from automaker

Export-focussed sectors express disappointment over RoDTEP rates

The industry associations representing these sectors rued that the rates are lower than what companies enjoyed under the now discontinued MEIS scheme

Car hacking is worse than carjacking

Hackers can control a car in motion and force it to accelerate or stop suddenly. They can change the radio station, turn off the engine and change the temperature setting inside

TVS Motor auto sales grow 10% YoY in July with 278,855 units sold

Total two-wheeler sales growth came at 8 per cent with 262,728 units sold in July 2021 as against sale of 243,788 units in July 2020

India's automotive electronics market to cross $18 bn by 2027: Report

India's automotive electronics market is expected to cross $18 billion by 2027 driven by rising income levels and increasing customer preference for in-vehicle digital experience

Nissan chief executive tells Tokyo court Carlos Ghosn had too much power

Nissan chief executive Makoto Uchida told a Japanese court that the company's former chairman, Carlos Ghosn, had held too much power, failed to listen to others, and stayed on for too long

Talbros Automotive's profit rise multifold to Rs 12.7 cr in Mar quarter

Auto component maker Talbros Automotive on Tuesday reported a multifold rise in consolidated profit to Rs 12.7 crore for the March 2021 quarter, backed by product mix and higher capacity utilisation.