Page 14 - Carmakers

Explainer: Honda unveils its new level 3 technology, but how does it work?

Honda Motor Co Ltd unveiled a limited batch of its flagship Legend sedan this week, becoming the world's first carmaker to sell a vehicle equipped with certified level 3 self-driving technology.

General Motors looking to build 2nd US battery factory, Tennessee likely

The firm says it's looking for a site to build a second US battery factory with joint venture partner LG Chem of Korea

Honda Cars reports 28% increase in sales at 9,324 units in February

Honda Cars India Ltd (HCIL) on Monday reported a 28.3 increase in domestic sales at 9,324 units in February as compared with the same month last year. The company had sold 7,269 units in the domestic market in February last year, HCIL said in a statement. Exports for the period under review stood at 987 units as against 64 units in the year-ago period, it added. "The market demand continues to be good which is reflected in our positive growth in February sales," HCIL Senior Vice-President and Director Marketing & Sales Rajesh Goel said. However, the shortage of semiconductor related parts impacted the company on the supply front last month, which limited its production volume and dispatches for certain models, it added. "In the coming months, we will continue to make production adjustments in order to reduce its impact on our waiting customers," Goel said. As for the industry, the company remains optimistic about the future as the demand for automobiles remains on the rise and ha

Nissan Motor India reports wholesales at 4,244 units in February

Nissan Motor India on Monday reported an over four-fold rise in wholesales

Need to promote decent and sustainable work in automotive industry: ILO

There is an urgent need to invest in education, training and life-long learning for all in the automotive industry, ILO said

Renault warns of difficult year after record $9.7 billion loss

Renault Chief Executive Luca de Meo warned of lingering headwinds in 2021

Maruti Suzuki weighing its options on launching Jimny in India

The carmarker is evaluating the feasibility of launching its off-roader Jimny in the domestic market

FADA initiates annual study to identify gaps between OEM, dealers

Automobile dealers' body FADA on Wednesday said it is initiating an annual dealer satisfaction study

Mahindra & Mahindra hints at hiking vehicle prices in Q1 next fiscal

Mahindra & Mahindra Ltd on Friday hinted at a possible price hike of its range of vehicles in the next few months due to rising commodity prices. The company, which was recently reported to have cut jobs in its North American operations, is likely to reduce it further even as it prepares to launch its off-roader vehicle Roxor. "We have just taken some price increase in January and unless things come under control we would probably be taking one again in Q1 of the next financial year," Mahindra & Mahindra (M&M) Executive Director Automotive & Farm Sectors Rajesh Jejurikar told reporters in a virtual post-earning press conference. He was responding to a query on the impact of rising commodity prices and how the company was planning to offset it. Jejurikar further said, "We do try to mitigate this kind of commodity increase with other internal cost measures, both on material cost and value engineering, and managing fixed cost. So typically when we have this kind of ...

Honda begins export to left hand drive countries to boost India business

The firm said it has started exporting vehicles from India to left hand drive nations to strengthen its business here in the country

Ford to recall 3 million vehicles for air bags at $610 million cost

The recall includes 2.7 million US vehicles

Honda City tops mid-sized sedan segment in 2020 with sale of 21,826 units

Honda Cars India on Friday said its mid-sized sedan City led the segment last year with cumulative sales of 21,826 units

Commodity inflation for auto sector to be offset by price hikes

The automobiles sector is expected to face commodity cost inflation which will be offset by price hikes, lower discounts, cost cutting, and operating leverage

BMW India sales decrease 31% to 6,604 units in 2020 amid pandemic crisis

German carmaker BMW on Friday reported a 31.5 per cent dip in its sales at 6,604 units in India last year as the COVID-19 pandemic hit dispatches

Automaker forced to airlift raw material as container shortage bites

Companies halt production or pay 2-3 times extra to get slots in ships and containers

Maruti Suzuki's production rises 34% at 1,55,127 units in December

Maruti Suzuki India, the country's largest carmaker, on Wednesday said its total production in December 2020 increased 33.78 per cent

Toyota drives in new Fortuner in India with price starting at Rs 29.98 lakh

Toyota Kirloskar Motor (TKM) on Wednesday launched the new version of its premium SUV Fortuner

Tata Motors to re-launch flagship SUV Safari in a new avatar this month

The new Safari has been designed and developed to appeal to the new age SUV customers

French automaker Renault to unveil compact SUV Kiger on Jan 28

Renault on Tuesday said it will unveil its upcoming compact SUV Kiger in India later this month

FCA India to expand local product line-up with $250 mn investment

Automobile manufacturer FCA will expand local product line-up in India with an investment of over $250 million