Page 15 - Carmakers

Nissan to ramp up production, hire 1000 workers at Chennai car plant

Nissan plans to boost production to up to 4,000 cars a month from 2,700 cars currently

Hyundai Motor India starts export of all-new i20 premium hatchback

Hyundai Motor India Ltd (HMIL) on Monday said it has started exports of its all-new i20 premium hatchback

Ford unveils 2021 line-up of compact SUV EcoSport; starts at Rs 7.99 lakh

Ford India on Monday introduced the 2021 line-up of its compact SUV EcoSport with features such as sunroof in the Titanium Trim, enhanced connectivity features and an enhanced warranty at a starting price of Rs 7.99 lakh. The SUV comes in five trims -- Ambiente, Titanium, Titanium +, Trend and Sports, according to a release. The American car maker, which recently called off its proposed partnership with domestic auto major Mahindra & Mahindra, had rolled out the sub-4 meter SUV EcoSport first time in the Indian market in June 2013. Ford's product portfolio in India currently comprises six cars -- Figo, Freestyle, Aspire, EcoSport, Endeavour and Mustang. In the tradition of bringing what consumers want and value, we are happy to bolster the EcoSport line-up and make every variant compelling in terms of features and value, said Vinay Raina, executive director Marketing, Sales and Service at Ford India. With the new line-up, we have not just addressed the customer feedback on making

Auto sales take fast lane in Dec; carmakers see double-digit rise in sales

The country's largest passenger vehicle manufacturer sold 124,375 units in the year-ago period.

Nissan to hike prices of all vehicles in India by up to 5% from January

Japanese automaker Nissan on Wednesday said it will hike prices of its vehicles in India by up to 5 per cent across models from next month to offset increased costs. The revised prices will be applicable across all available models for Nissan and Datsun, effective January 2021, Nissan Motor India said in a statement. The company sells a range of mass market vehicles under the Datsun and Nissan brands, including Datsun Redi-Go, newly launched SUV Magnite and Kicks, with prices in the range of Rs 2.89 lakh to Rs 14.15 lakh. Commenting on the price hike, Nissan Motor India Managing Director Rakesh Srivastava said, "In the current challenging market conditions, we are constrained to increase the price of all Nissan and Datsun models due to increased costs. The proposed price increase will be effective from January 2021." Other automobile makers like Maruti Suzuki India, Renault India, Honda Cars, Mahindra & Mahindra, Ford India, Isuzu, BMW India, Audi India and Hero MotoCorp have ...

Hyundai expects demand surge to continue till March: MD & CEO S S Kim

Festive season demand drove four-wheeler and two-wheeler sales to a record high in October

Bonanza after curbs: India Inc goes all out to woo buyers amid Covid-19

Carmakers have joined hands with commercial banks and NBFCs and launched EMI schemes aimed at reducing the initial purchase cost and monthly outgo

Renault plans to cut 14,600 jobs worldwide in race to reduce costs

The measures round off a decisive week for Renault and its Japanese partners Nissan Motor Co. and Mitsubishi Motors Corp., drawing a line under a two-decade era of aggressive expansion

Used cars could see an upswing after BS-VI switch despite sales slump

The used cars space is expected to reach 6.7 to 7.2 million cars per year and be valued at Rs 50,000 crore by FY22

Auto sector needs stronger measures to boost positive sentiment: Nissan COO

Ashwani Gupta has worked with Renault, Nissan and Mitsubishi alliances for more than a decade

Hyundai India net profit grows 21.5% in 2018-19 despite slow down

The company achieved its highest ever wholesale sales volume--of 52,001 units--in October 2018.

Auto sector welcomes PM Modi's assurance on internal combustion engine cars

India's automobile industry is facing one of the most prolonged slowdowns in two decades. Sales have been in a slow lane for a year

Amid slowing sales, carmakers fear fee hike will further dent demand

The draft notification proposes to increase the registration fees from Rs 1,500 to Rs 20,000 for new M&HCVs and from Rs 1,500 to Rs 40,000 for renewals

Car firms pulled almost 13 models off the road in FY19: Siam report

High discontinuations may be due to stringent norms coming into force soon, say analysts

Here is the future of car sharing, and carmakers have a lot to worry about

Moscow's sharing boom shows how quickly consumers can abandon the traditional car

Carmakers run out of speed in urban markets; rural demand grows

Market leader Maruti Suzuki and its nearest competitor, Hyundai, among others, are seeing a flat performance in urban markets, which account for over two-thirds of sales

In wake of poor festive season demand, carmakers consider bigger discounts

With fuel prices, insurance costs, interest rates going up, carmakers have seen vehicle sales remain almost flat during September and October despite the festive season

Auto numbers have a story to tell

In June 2017, carmakers cut down production due to the provision, that GST would not be available for left-over stock

Carmakers in the slow lane as sales fail to pick up speed in September

Domestic volume dips for the third consecutive month

In a world of robots, automakers hiring more humans, shows report

People still needed amid auto industry's rapid transformation