Page 11 - Carmakers

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 ...

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.