Page 9 - Carmakers

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

Toyota boosts profit outlook on weaker yen, but warns of production risks

Like other global automakers, Toyota has been forced to cut output due to the chip shortage

Kia India registers 22% decline in wholesales in October

The company dispatched 10,488 units of Seltos, 5,443 units of Sonet, and 400 units of Carnival last month to dealers

Mahindra & Mahindra reports 5% decline in wholesales in October

Mahindra & Mahindra Ltd on Monday reported a 5 per cent year-on-year decline in total wholesales at 41,908 units in October. The company had dispatched a total of 44,359 units in October 2020. Last month, the company's passenger vehicle sales in the domestic market stood at 20,130 units, up 8 per cent from 18,622 units in the year-ago period. Domestic commercial vehicle sales fell to 18,604 units last month from 23,716 units in October 2020. Exports rose to 3,174 units last month, up 57 per cent from 2,021 units in October 2020. Demand for vehicles across our product portfolio remains robust. We have received an unprecedented response for XUV700 and as per our commitment, we have commenced deliveries of the petrol variant to customers," Mahindra & Mahindra CEO Automotive Division Veejay Nakra said in a statement. The supply chain issues around semiconductor related parts continues to be dynamic as the company focuses on managing the situation in the short term, he added.

Honda Cars India reports 25% decline in domestic sales in October

Exports stood at 1,747 units last month as compared to 84 units in October 2020

Nissan reports over three-fold increase in domestic wholesales in Oct

The company said its exports last month stood at 3,004 units, compared with 75 units in October 2020

Maruti Suzuki sales decline 24% to 138,335 units in October

Domestic sales slipped 32 per cent

Maruti Suzuki plans to widen CNG portfolio as petrol, diesel prices rise

With rising petrol and diesel prices driving up demand for its CNG vehicles, the country's largest carmaker Maruti Suzuki India plans to widen its CNG portfolio by offering the fuel option in four more models 'very shortly', according to a senior company official. The company, which plans to launch an electric vehicle (EV) in the Indian market by 2025, is also currently keeping a close watch on the country's EV ecosystem "to find out what is the best way of evolution" to be able to offer affordable EVs with hassle free charging infrastructure in order to clock high volumes for a sustainable business. "Currently we have eight models, which have CNG options out of our total of 14 models but we plan to add another four very shortly in this portfolio," Maruti Suzuki India Ltd (MSIL) Senior Executive Director (Marketing & Sales) Shashank Srivastava told PTI. Going forward, he said,"We will try to develop more and introduce more CNG models." Srivastava, however, declined to share ...

Maruti Suzuki profit slides as chip shortage slams production

An estimated 116,000 vehicles could not be produced due to the electronics component shortage

Maruti Suzuki reports over two-fold dip in production in September

In a regulatory filing, the auto major reported total production of 81,278 units in September as compared with 1,66,086 units in September 2020.

Mercedes-Benz posts nearly 100% domestic sales growth in September

German premium car maker Mercedes-Benz on Wednesday reported nearly 100 per cent growth in sales at 4,101 units in the domestic market in September of the current year.

Carmakers stare at nearly 500,000 units of booking backlog, and counting

Chip shortage disrupts production plans

Mahindra Thar clocks cumulative bookings of 75k units in one year of launch

Mahindra & Mahindra (M&M) on Monday said its SUV Thar has crossed 75,000 cumulative bookings mark in one year of its launch in the country. The all-new Thar continued its relentless march to automotive folklore and clocked 75,000 bookings just a year after its launch on Mahindra Group's 75th Anniversary on October 2, 2020, the automaker said in a statement. It has breached the traditional boundaries set by off-roaders and invaded into the dreams of metro-based young, urban buyers who are looking for an authentic yet sophisticated SUV experience, it added. The company noted that 40 per cent of the bookings of the model have come from millennials. "Another interesting fact is that almost 50 per cent of the bookings are for the automatic variant and 25 per cent of the total bookings are for the petrol variant," it added. The new Thar comes with both petrol and diesel powertrains mated with manual and automatic transmissions. The last generation of the model used to come with ...

Tata Motors domestic wholesales increase 28% in September

Tata Motors on Friday said its total domestic wholesales increased 28 per cent year-on-year (y-o-y) to 55,988 units in September. The company had dispatched a total of 44,410 units to its dealers in September 2020. The auto major said its total passenger vehicle sales in the domestic market stood at 25,730 units last month, compared with 21,199 units in the same month last year. Commercial vehicle sales in the domestic market stood at 30,258 units, up 30 per cent from 23,211 units in September 2020, it added. In the July-September 2021 quarter, the automaker sold a total of 1,71,270 units in the domestic market, up 55 per cent from 1,10,345 units in the second quarter of 2020-21. "After the second COVID-19 wave, markets are witnessing gradual demand recovery across most segments led by M&HCVs (medium and heavy commercial vehicles) with improving fleet utilisation levels, higher number of road construction projects awarded and improving cement consumption," Tata Motors Executive ..

Honda Cars India reports 34 pc dip in domestic sales at 6,765 units in Sept

Honda Cars India Ltd (HCIL) on Friday reported a 33.66 year-on-year dip in domestic sales at 6,765 units for September. The company had sold 10,199 units in the domestic market during September 2020, HCIL said in a statement. Exports stood at 2,964 units last month as compared with 170 units in September 2020, it added. "On the demand side, there is good momentum in the market with improved buying sentiment. "However, the supply chain hurdles, including the widespread chip shortage, have been a big challenge right now for the industry, which impacted our production volume and despatches during last month," Honda Cars India Senior Vice-President and Director (Marketing and Sales) Rajesh Goel said. The company would continue to align its production through best efforts to tide over this shortage in the coming months, he added. "With the onset of the auspicious Navratra period next week, the festive season will see further rise in demand for our refreshed line-up and we are positive

Automaker Kia India reports 23% decline in wholesales in September

The company sold 4,454 units of Sonet, 9,583 units of Seltos, and 404 units of Carnival last month to dealers.

Hyundai India sales decline 24% in September to 45,791 units

Exports increased 34.3 per cent to 12,704 units as compared with 9,600 units in September last year

Maruti Suzuki sales decline 46% to 86,380 units in September

The company had sold 1,60,442 units in September last year

Rolls-Royce to stop making internal combustion cars by decade's end

Meanwhile, cross-country rival Bentley has announced it will bring forth a fully electric vehicle by 2025