Page 2 - Car Makers

Despite exit, Ford gives a tough ride to peers in the used car market

Now, three years since Ford's exit, the used car market is seeing higher demand for Ford vehicles

Ford plans to make EVs at TN plant, seeking re-entry into Indian market

Ford is the latest to join domestic and foreign carmakers, from Tata Motors to Vietnamese automaker VinFast Auto

Opposition to Toyota's Chairman Akio Toyoda spreads among big shareholders

Toyoda, the grandson of the company's founder, saw shareholder support drop to a record low of 85 per cent last year

Tata Motors conducts ceremony of new vehicle manufacturing facility in TN

This manufacturing facility will produce next-gen vehicles for Tata Motors and JLR

Hyundai India deserves valuation premium to Maruti, says Nomura note

Korean automaker's Indian unit expanding market share and benefits from being part of larger Hyundai Motor Company, it says

M&M launches Thar Roxx, targets to rule above Rs 12.5 lakh category

The Thar Roxx is priced at Rs12.99 lakh for its entry-level model MX-1 (petrol)

Technology, easy financing for used cars will give advantage: Cars24

Company holds around 4 per cent of the total used cars market share: co-founder

Under pressure in China, Mercedes-Benz trims 2024 car profit outlook

The company said it now expected an adjusted return on sales in the range of 10-11 per cent this year, down from its previous target range of 10-12 per cent

Registration fee waiver criteria met: Hybrid carmakers to UP govt

Strong hybrid car sales won't affect growth of electric cars, they argue

Nine Indian car makers plan additional capacity of 3 million per annum

Once the plants are up and running, India will hit a capacity of 8.77 million passenger vehicles per annum

IPO-bound Hyundai India and its rivals in world's third-biggest car market

Hyundai Motor India sought regulatory approval on Saturday to list on the Mumbai stock market in what could be the biggest IPO in the South Asian nation

Tata Motors Q4 Preview: Robust sales, low commodity prices to aid earnings

Analysts anticipate robust results for Tata Motors, propelled by the advantages of operating leverage, favourable commodity trends and strong volume growth across its various segments

Auto retail sales up 27% in April, passenger vehicles make record

Two-wheeler segment grows strongest due to 'positive impact' of elections, says FADA

Honda Cars India names Ryuto Shimzu as new director of marketing-sales

Honda Cars India on Thursday said it has appointed Ryuto Shimizu as the company's new Director (Marketing & Sales). He replaces Yuichi Murata who has moved to Honda Mexico as President. Shimizu has been associated with Honda for over 25 years and has worked across several international markets during the span of his career including Japan, China and Thailand, the automaker said in a statement. He has worked across the domain of marketing & sales including product planning, overseas operations, and business planning, among others, it added. Prior to joining Honda Cars India, he was in-charge of the Business Planning Office at Honda Automobile (Thailand) Co Ltd from 2021-2023.

Auto retail sales jump 13%, PV sales scale record high in February

PV sales moved up by 12 per cent to 330,107 units as compared to 293,803 units in February last year

Maruti Suzuki's total sales dip in December; exports in 2023 all-time-high

Despite the dip in December, Maruti Suzuki's compact segment continues to have the highest share in its total sales followed by utility vehicles and vans

Renault cuts Nissan stake to 15% from about 43%; now on equal footing

"This next chapter of the alliance will build on the foundations of the longstanding partnership and will maximise value creation for each alliance member," the statement said

Kia India to hike Seltos, Carens prices by up to 2% from Oct: Official

Automaker Kia India on Thursday said it will increase prices of Seltos and Carens by up to 2 per cent from October 1, according to a senior company official. However, the company will not hike the prices of its entry-level model Sonet. "We are looking to take about a 2 per cent price increase on Seltos and Carens from October 1," Kia India National Head (Sales and Marketing) Hardeep S Brar told PTI. The company had last hiked prices in April this year as it upgraded its portfolio to conform to Real Driving Emission (RDE) norms, he said. "While many of the companies have already taken the price increase post-April, we, however, did not take...besides the raw material prices are going up.. and we introduced the new Seltos and a lot of investment has gone into the product..so we think it is time that we take the price increase," Brar said. Kia India also sells an electric model EV6 in the country.

Honda to hike City, Amaze prices from Sept to offset impact of input costs

Honda Cars India on Tuesday said it plans to increase vehicle prices from next month in order to partially offset the impact of rising input costs. The automaker currently sells two models -- City and Amaze in the domestic market. "We have been trying to absorb accumulated cost pressures as much as possible. We will carry out a price revision on City and Amaze from September to partially offset the impact of increasing input costs," Honda Cars India Vice President (Sales and Marketing) Kunal Behl told PTI. The company is currently deciding on the quantum of the price increase, he added. Currently, price of compact sedan Amaze starts from Rs 7.05 lakh, mid-sized sedan City from Rs 11.57 lakh and City e:HEV (hybrid) from Rs 18.89 lakh (ex-showroom).

From East with Love: Chinese firms rev up Russian auto industry

There's been a major shift in the Russian automotive landscape. Western automakers, who once ruled the roost, have packed up and left following Moscow's invasion of Ukraine >