Page 10 - Carmakers

Ford to invest in electric vehicle production, create 11,000 jobs

The auto company is in the race to catch up with the electric car company Tesla

Tata Motors rolls out 1,00,000th unit of Altroz from Pune plant

Tata Motors on Tuesday rolled out the 1,00,000th unit of its hatchback Altroz, from the company's manufacturing facility at Pune. The city-headquartered vehicle maker had commenced Altroz production at the fag-end of November 2019. It launched the vehicle in January 2020. The first vehicle model built on the ALFA (Agile Light Flexible Advanced) architecture, the Altroz, has acquired the top 2nd position in the premium hatchback category in the current fiscal, with more than 20 per cent share with an average monthly sale of around 6,000 units in FY22, Tata Motors said in a release. Moreover, the car clocked its maximum sales of 7,550 units in March this year, it added. "We have crossed a major milestone, rolling out the 1,00,000th unit, during these challenging times and are grateful for the constant support and loyalty of our customers and partners. "The Altroz occupies a pride of place in our New Forever range offering a wide variety of options in the premium hatchback segment,"

Ford family member named head of global brand merchandising

A member of a new generation of Ford family members is taking on another leadership role at the automaker.

Tata Motors achieves cumulative EV sales mark of 10,000 units

Tata Motors had entered the electric vehicle space with Tigor EV

Ford India coercing dealers to sign non-disclosure agreement: Fada

Urges govt to set up task force to monitor compensation structure being worked out by Ford India for its dealer partners across the country

Ford wakes up badly burnt from its India dream: Here's what went wrong

Analysts and executives said foreigners badly misjudged India's potential and underestimated the complexities of operating in a vast country that rewards domestic procurement.

Bumpy road ahead for Ford India as talks with unions on separation flop

Workers at both units set to get into a protracted feud with the management over closure terms and job security

BMW drives in new trims of X5 with price starting at Rs 77.9 lakh

German luxury carmaker BMW on Monday said it has launched the new variants of its premium SUV X5

Electric carmaker Tesla pushes its full self-driving Beta v10, says report

This is a version that CEO Elon Musk called "mind-blowing"

Ford Motor to cease production in India, 4,000 jobs to be impacted

'The decision was reinforced by years of accumulated losses, persistent industry overcapacity and lack of expected growth in India's car market,' says Anurag Mehrotra, MD of Ford India

Maruti expects Sept production at 40% of normal output due to chip shortage

The usage of semiconductors in the auto industry has gone up globally in recent times

Semiconductor shortage may impact Aug-Sep automobile wholesales: Report

The shortage of such a crucial component has been impacting the automotive industry globally along with other industries, forcing them to cut down on production.

Chip shortage may spoil the party for carmakers this festive season

Once the festive season is in full cry, the wait may be extended to six to nine months, and even spill over to the next calendar year, say auto dealers

Tata Motors gets NCLT nod for hiving off PVs business into separate entity

The company's management has so far stated that it has not taken a decision on a partner.

The electric vehicle boom is pay-dirt for factory machinery makers

New electric vehicle factories, funded by investors who have snapped up newly public shares in companies such as EV start-up Lucid Group Inc are boosting demand.

Track car models turbo-charge sales for foreign car-makers

Mercedes-Benz, Ferrari, Porsche and Lamborghini are some marquee badges that have introduced track cars to excite hard-core customers who want to push their cars to the limit.

Citroën C5 Aircross is a comfy but pricey launch by the French car-maker

The C5 Aircross is a comfy but pricey launch by the French car-maker

Stricter emissions rules will hit car sales, says Maruti Suzuki chairman

Automakers last week urged the government to defer tougher emissions standards

Maruti reports 58% increase in July production at 1,70,719 units

The company had produced a total of 1,07,687 units in the year-ago period

Suzuki Motor expects 12.6% decline in operating profit this fiscal

Japanese automobile maker Suzuki Motor Corporation (SMC) on Thursday said it expects a 12.6 per cent decline in operating profit at 170 billion yen for this fiscal due to increase in raw material cost and R&D expenses, besides unclear outlook on the ongoing semiconductor shortage. Previously, the company did not issue any earnings guidance for the ongoing fiscal as it was "unable to rationally calculate the forecasts owing to the spread of the COVID-19 pandemic in the company's major market of India." "However, based on the latest situation and the trends in the company's operating results, we have determined the forecasts," SMC said in a statement. Accordingly, the company said it expects net sales to grow by 7 per cent year on year to 3,400 billion yen in the ongoing fiscal. SMC further said "as the outlook for semiconductor shortage is unclear, forecasts for the consolidated operating results" for the ongoing fiscal are "based on the assumption that the impact on plant ...