Page 8 - Carmakers

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

Mercedes-Benz India to hike prices of some models by up to 2% from Jan

The company, however, said it is committed to price protection to customers who have booked their cars and are waiting for more than four months for select models

Maruti Suzuki hikes prices of Eeco van by Rs 8,000 for adding airbags

The increase in price is effective from November 30, 2021

Carmakers rethink production strategies to deal with global chip shortage

The shortage, due to supply problems and a surge in demand for consumer electricals during the pandemic, has hit the auto industry hard

Slavia: Second Skoda model in the India 2.0 project makes its debut

Slavia's manufacturing process has a localisation level of up to 95%, says the Czech carmaker

BMW drives in 220i Black Shadow edition at Rs 43.5 lakh

The model comes with a two-litre four-cylinder petrol engine which ensures best-in-segment performance and acceleration

Rivian about to surpass GM as second most valuable US carmaker

Rivian will surpass General Motors if a surge in the price of its shares hold