Page 8 - Carmakers

Maruti Suzuki plans to take car subscription business to more cities

The company is getting more than 7,000 enquiries every month. But the conversion rate is low with 100-110 enquiries getting converted to actual order and Maruti wants to improve that

Tesla receives subpoena from US securities regulator over 2018 settlement

The subpoena by the U.S. Securities and Exchange Commission was issued on Nov. 16, some 10 days after Musk asked his Twitter followers if he should sell 10% of his stake in the company

Maruti Suzuki opens bookings for its hatchback Baleno; know details here

Customers can book the new Baleno with a payment of Rs 11,000

Passenger vehicle retail sales drop 10% in Jan due to chip shortage: FADA

Two-wheeler sales last month declined by 13.44 per cent compared to January 2021

Maruti expects production activity to pick up in Q4 as chip supply improves

The auto major is also looking at ways, including bolstering its SUV portfolio, in order to get back to 50 per cent market share in the domestic passenger vehicle segment in the years ahead.

Apple Car may come with unique sunroof system that can alter transparency

Apple Car is also expected to use LED screens all over the vehicle to inform other drivers what the self-driving system is doing.

MG Motor India's retail sales rise 20% in January amid better demand

The company sells models like Hector, Astor and Gloster in the domestic market

Economic Survey: Carmakers saddled with backlog of over 700,000 orders

Carmakers are saddled with a backlog of over 7 lakh orders as of December 2021, due to the the shortage of semiconductors, according to the Economic Survey. With the delay in supply, the average lead time (the difference between the date of order and actually receiving in the automobile) for the industry for 2021 has been around 14 weeks globally. India has also experienced similar trends in the automobile sector, Economic Survey 2021-22 pointed out. As per data from the Society of Indian Automobile Manufacturers (SIAM), carmakers sold 2,19,421 passenger vehicles in the domestic market in December 2021, down 13 per cent (year-on-year), it stated. "This is not a demand problem but a supply-side issue. The information from various car manufacturers' websites reveals a cumulative pendency of over 7 lakh orders as of December 2021," the Survey noted. The Survey also outlined the efforts on the part of the government to boost semiconductor production in the country. The government has .

How Tesla weathered global supply chain issues that knocked rivals

Tesla boosted its deliveries by 87% to a record high in 2021, pushing up its shares up over 13% on Monday

Maruti Suzuki exports over 200,000 units in 2021; most in a calendar year

Maruti Suzuki India on Monday said it shipped over two lakh vehicles in 2021, its highest ever in a calendar year, to various markets across the globe. The company exported 2,05,450 vehicles in 2021, the country's largest carmaker said in a statement. This is the highest ever export figure in any calendar year by the company, it added. "This milestone reflects the confidence of customers around the world in the quality, technology, reliability, performance and cost effectiveness of our cars. We thank our parent company, Suzuki Motor Corporation and their distributors across global markets for their reach and support, especially in such challenging times," Maruti Suzuki India MD & CEO Kenichi Ayukawa stated. The company stands committed to live upto the trust placed by global customers and will continue to delight them, he added. The company currently exports around 15 models, including the most recent additions Jimny, Suzuki's compact off-roader and the all-new Celerio. The top .

Tata Motors drives past Hyundai to grab second-largest carmaker tag

Tata Motors shipped 35,461 units of passenger vehicles (PVs) to its dealers in December 2021

Tata Motors shares jump nearly 4% on strong December sales; PV sales up 50%

In the third quarter ended December 2021, the company said its total passenger vehicle sales stood at 99,002 units as compared with 68,806 units sold the same period in the previous year

Hyundai to Maruti, carmakers ride SUV rush in quest for the pole position

Hyundai to Maruti, carmakers ride SUV rush in quest for the pole position

Pre-owned vehicle mkt in India likely to reach 8.2 mn units by FY26: Report

It also said that the market size is expected to grow to USD 70.8 billion by 2030 at a Compounded Annual Growth Rate of 14.8 per cent between 2021 and 2030

Govt has directed carmakers to introduce flex-fuel engines: Gadkari

Gadkari also said the government is working to encourage the use of green and alternative fuels

Most consumers have strong intent to buy vehicle in next 12 months: Survey

The strong intent to purchase a vehicle reflected a healthy recovery in overall spending habits, it added

EV market to see investment of Rs 94,000 cr in next 5 years: Report

The report 'Electric Mobility in Full Gear' mentioned that the electric vehicle (EV) industry in India is currently at a nascent stage but it is likely to grow

Kia unveils all-new 'Carens', launch in first quarter of next year

South Korean automaker Kia on Thursday unveiled its all-new model 'Carens' for the Indian market.

Toyota extends production stoppages in Japan as components run short

Lost production from the latest halts will now total about 14,000 vehicles in December, up from 9,000 units it flagged on Friday, Toyota said.

Carmakers brace for a fresh round of price hikes from January 2022

Though an annual affair, chip crunch this time around is steering the price wheel