Page 11 - Carmakers

When the chips are down: Global shortage to keep crimping carmakers

BMW, Stellantis became latest carmakers to warn that global semiconductor chip shortage that has bedeviled the industry this year will drag on throughout 2021 and beyond

Indian carmakers renew bid to delay tougher fuel efficiency rules: Report

SIAM is expected to meet the transport minister on Tuesday to seek a one-year delay in complying with the rules, due to take effect from next April, said sources

Maruti Suzuki reports 50% increase in July sales at 1,62,462 units

The country's largest carmaker Maruti Suzuki India (MSI) on Sunday reported a 50 per cent increase in sales at 1,62,462 units in July.

Skoda to expand presence to100 cities in India by next month

Some of the new cities where the brand is making a foray include Sangli, Bhilwara, Faridabad, Panchkula, Navsari, Vapi and Hardoi, among others.

Maruti Suzuki plans Rs 18,000 cr investment for new Haryana plant: Report

Company chairman says state's policy reserving jobs in private companies is an 'issue to be sorted out'.

Maruti not moving jobs, investment from Haryana to Guj: Chairman

The company is maximising the efficiency of production at its two plants at Haryana and the parent Suzuki's Gujarat plant, keeping in mind the demand of its multiple models.

Maruti rolls out digital platform for car financing solutions to customers

The country's largest carmaker Maruti Suzuki India on Friday announced the nationwide roll-out of its digital platform that provides customers end-to-end online car financing solutions. The company, which had launched Maruti Suzuki Smart Finance in limited cities in December 2020, said it is now available across India for customers of both ARENA (mass market car retail chain) and NEXA (premium cars outlet). It has on-boarded 14 financiers, including HDFC Bank, ICICI Bank, Yes Bank, Axis Bank, State Bank of India, IndusInd Bank, Bank of Baroda, Mahindra Finance, and Sundaram Finance. MSI Senior Executive Director (Marketing & Sales) Shashank Srivastava said even before walking into a car dealership, most potential buyers already start their shopping process online -- browsing cars and finance options. Keeping in view the changing customer behaviour, the company had launched Maruti Suzuki Smart Finance, a digital platform that enables customers with an end-to-end online car ...

Chip shortage pushes China automobile sales down 12.4% in June

A global shortage of semiconductors hit autos production in the world's biggest car market.

Tata Motors global wholesales at 2,14,250 units in first quarter

Tata Motors on Thursday said its global wholesales, including that of Jaguar Land Rover, rose to 2,14,250 units in the first quarter of the current fiscal.

Vehicle retail sales rise in June, says auto industry body FADA

The vehicle retail sales rose to 12,17,151 units last month from 9,92,610 units sold during June 2020.

Automakers witness sales recovery in June as pandemic eases across states

The country's largest carmaker Maruti Suzuki India (MSI) posted total sales of 1,47,368 units in June, up from 46,555 units in May.

Hyundai India total dispatches increase to 54,474 units in June

Hyundai Motor India Ltd (HMIL) on Thursday reported total sales of 54,474 units in June, up 77 per cent from 30,703 units in May, recovering from disruptions induced by the second wave of COVID-19. The automaker's domestic dispatches to its dealerships stood at 40,496 units last month, as compared to 25,001 units in May this year, the automaker said in a statement. Exports rose to 13,978 units in June, as against 5,702 units in May, it added. "With markets opening up and improvement in customer sentiments, the company is committed to deliver innovative and world class quality products and services meeting and exceeding customers aspirations," HMIL Director (Sales, Marketing & Service) Tarun Garg noted. The newly launched model Alcazar, has been receiving tremendous customer response setting some new benchmarks in the industry, he added.

Tata Motors dispatches in domestic market rise to 43,704 units in June

Domestic sales increased by 78 cent from the prior month

Maruti Suzuki posts 3-fold rise in total sales at 147,368 units in June

Sales of mini cars, comprising Alto and S-Presso, rose to 17,439 units in June as against 4,760 units in May this year.

After incubation plan success, Maruti may pick stake in mobility start-ups

Carmaker has reaped benefits from firms that it has incubated under the accelerator programme

Carmakers in India's auto hub allowed to operate at full capacity

Global carmakers such as Renault-Nissan, Hyundai Motor Co and others may operate with their full workforces in India's automaking hub from Sunday, despite worker protests over safety in the pandemic.

Amid Covid, foreign carmakers in India face tough investment choices

Premium carmakers hit hardest by pandemic in India; Higher taxes, export uncertainty add to challenges

Automaker Kia to expand sales of electric vehicles in Europe with Uber

Kia is planning to strengthen the partnership by offering electric cars to Uber drivers in 20 Europe countries.

Higher subsidy under FAME II to be key in adoption of EVs, say makers

In the latest modification, the department of heavy industries also capped incentives for electric two-wheelers at 40 per cent of the cost of vehicles, up from 20 per cent earlier.

South Korean govt to foster parts suppliers for next generation cars

South Korea's top economic policymaker said the government plans to provide support to help around 1,000 auto parts makers transform into key suppliers of next-generation automobiles by 2030.