Page 15 - Carmakers
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 ...
 "Nissan to hike prices of all vehicles in India by up to 5% from January")
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
 "Hyundai expects demand surge to continue till March: MD & CEO S S Kim")
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
 "Bonanza after curbs: India Inc goes all out to woo buyers amid Covid-19")
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
 "Renault plans to cut 14,600 jobs worldwide in race to reduce costs")
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
 "Used cars could see an upswing after BS-VI switch despite sales slump")
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
 "Auto sector needs stronger measures to boost positive sentiment: Nissan COO")
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.
 "Hyundai India net profit grows 21.5% in 2018-19 despite slow down")
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
 "Auto sector welcomes PM Modi's assurance on internal combustion engine cars")
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
 "Amid slowing sales, carmakers fear fee hike will further dent demand")
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
 "Car firms pulled almost 13 models off the road in FY19: Siam report")
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
 "Here is the future of car sharing, and carmakers have a lot to worry about")
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
 "Carmakers run out of speed in urban markets; rural demand grows")
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
 "In wake of poor festive season demand, carmakers consider bigger discounts")
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
 "Carmakers in the slow lane as sales fail to pick up speed in September")
In a world of robots, automakers hiring more humans, shows report
People still needed amid auto industry's rapid transformation
 "In a world of robots, automakers hiring more humans, shows report")
From Toyota to Maruti, carmakers clock high growth in June on low base
Data available from top six players - Maruti Suzuki, Hyundai, M&M, Tata Motors, Honda and Toyota - shows an average growth of about 42 per cent for the industry in June
 "From Toyota to Maruti, carmakers clock high growth in June on low base")
Single ex-showroom price: Carmakers making a switch to one nation-one price
Toyota Kirloskar is drawing up a road map to implement one nation-one price for all its models here
 "Single ex-showroom price: Carmakers making a switch to one nation-one price")
Car servicing growth zips past sales surge
Korean car maker Hyundai's 1,300 workshops are servicing 520,000 cars every month, 18% more than last year
 "Car servicing growth zips past sales surge")
Single product sales drive carmakers' growth
Reliance on a single model begins at about 40% and goes up to 80 % in case of some companies
 "Single product sales drive carmakers' growth")