Tuesday, May 24, 2022
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Automobile Sector

Daimler India Logs 48% Growth In Truck Wholesale Market In 2021

Daimler India Logs 48% Growth In Truck Wholesale Market In 2021

The company, which manufactures BharatBenz brand of trucks and buses, had registered truck wholesales of 9,624 units in 2020.

20 May 2022
Ashok Leyland Net Profit Drops 58% To Rs 158 Crore In March Quarter

Ashok Leyland Net Profit Drops 58% To Rs 158 Crore In March Quarter

The company had posted a consolidated net profit of Rs 377.13 crore in the same quarter of the previous fiscal, Ashok Leyland said in a regulatory filing.

19 May 2022

Hyundai-Santro Becomes History: Will This Be The Fate Of All Small Cars In India, Soon?

Launched first in 1998, Santro was the only car that allowed Hyundai to compete with Maruti, which rules the small car segment till date.

Maruti To Invest Rs 18,000 Crore In Sonipat Plant To Roll Out 10 Lakh Units Per Annum In 8 Years

Maruti To Invest Rs 18,000 Crore In Sonipat Plant To Roll Out 10 Lakh Units Per Annum In 8 Years

The new facility, which would come at an 800-acre site at IMT Kharkhoda in Sonipat district, will entail a total investment of Rs 11,000 crore in the first...

19 May 2022

Maruti Suzuki Lines Up Rs 5,000 Crore Capex For FY2022-23

Suzuki Motor Corporation announced to invest around 150 billion yen (about Rs 10,445 crore) by 2026, for local manufacturing of Battery Electric Vehicles (BEV)...

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13 May 2022
Maruti Suzuki Finalises Site For New Manufacturing Facility In Haryana; To Invest Rs 11,000 Crore In First Phase

Maruti Suzuki Finalises Site For New Manufacturing Facility In Haryana; To Invest Rs 11,000 Crore In First Phase

The new plant's first phase with a manufacturing capacity of 2.5 lakh units per annum is expected to be commissioned by 2025, subject to administrative...


13 May 2022
Ford Shelves Plans To Manufacture Electric Vehicles In India

Ford Shelves Plans To Manufacture Electric Vehicles In India

The company has been reported to be in talks with homegrown auto major Tata Motors to sell its Sanand plant while it is scouting for buyers for the Chennai...


09 May 2022
Skoda Drives In Kushaq Monte Carlo Edition: Price, Features And Other Details Here

Skoda Drives In Kushaq Monte Carlo Edition: Price, Features And Other Details Here

The Kushaq Monte Carlo six-speed manual trim with one-litre petrol engine is priced at Rs 15.99 lakh while the one-litre automatic variant is tagged at Rs...


09 May 2022
MG Motor Cumulative Sales Crosses One Lakh In India

MG Motor Cumulative Sales Crosses One Lakh In India

The company, which started selling its vehicles in India with the launch of the Hector SUV in June 2019, currently has a portfolio including the electric SUV,...


05 May 2022
TVS Motor Net Profit Declines 14% To Rs 275 Crore In March Quarter

TVS Motor Net Profit Declines 14% To Rs 275 Crore In March Quarter

Revenue from operations, however, rose to Rs 6,585 crore during the period under review, as against Rs 6,132 crore a year ago.


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05 May 2022
Auto Retail Sales Grow 37% In April On Low Covid-Hit Base Effect

Auto Retail Sales Grow 37% In April On Low Covid-Hit Base Effect

Total sales across categories rose to 16,27,975 units in April, as compared to 11,87,771 units in the year-ago period.


02 May 2022
Suzuki Motorcycle Sales Dip 8% In April Amid Chip Shortage Woes

Suzuki Motorcycle Sales Dip 8% In April Amid Chip Shortage Woes

The company said its domestic sales last month stood at 54,327 units, while exports were at 17,660 units.


02 May 2022
Tesla Can Benefit By Manufacturing EVs In India: Nitin Gadkari

Tesla Can Benefit By Manufacturing EVs In India: Nitin Gadkari

Earlier on April 26, Gadkari had said, if Tesla is ready to manufacture its EVs in India then there is 'no problem', but the company must not import cars from...


02 May 2022
Kia India Vehicle Sales Surge 18% To 19,019 Units In April

Kia India Vehicle Sales Surge 18% To 19,019 Units In April

Seltos remained the top contributor to Kia's overall sales with 7,506 units, while Sonet and Carnival contributed 5,404 and 355 units, respectively.


02 May 2022
TVS Motor Sales Rise 24% In April

TVS Motor Sales Rise 24% In April

Total two-wheelers sales were up 24 per cent at 2,80,022  units last month, as against sales of 2,26,193 units in April 2021.


02 May 2022
Tata Motors, Maruti Suzuki Slip Over 2% After April Sales Outcomes

Tata Motors, Maruti Suzuki Slip Over 2% After April Sales Outcomes

At 2:36 pm, stocks of Tata Motors were down 1.6 per cent at Rs 430, and stocks of Maruti Suzuki plunged 1.4 per cent at Rs 7,622, respectively. 


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02 May 2022
TVS Motor Drives In NTORQ 125 XT Scooter Tagged At Rs 1.03 Lakh

TVS Motor Drives In NTORQ 125 XT Scooter Tagged At Rs 1.03 Lakh

The NTORQ 125 XT comes with a SmartXonnect connectivity platform and around 60 other features, making it the most tech-advanced scooter on sale in the country.


29 April 2022
Chip Shortage: Hero Electric Reports Zero Dispatches In April

Chip Shortage: Hero Electric Reports Zero Dispatches In April

The automotive industry is still struggling with international chip shortages leading to loss of production. Hero Electric was hit by the same and posted zero...


28 April 2022
Mahindra Electric Three-Wheeler Sales Register Three-Fold Increase In FY2022

Mahindra Electric Three-Wheeler Sales Register Three-Fold Increase In FY2022

The electric three-wheeler portfolio of Mahindra Electric includes Treo auto, Treo Yaari, Treo Zor, e Alfa Mini and e Alfa Cargo. 


28 April 2022
EV Manufacturers Told To Halt Launches Amidst Rising Fire Cases: Report

EV Manufacturers Told To Halt Launches Amidst Rising Fire Cases: Report

The development comes at the backdrop of eight EV explosions that happened in the span of a month. 


27 April 2022
Mercedes-Benz Begins Production Of 5th Generation C-Class Sedan In India

Mercedes-Benz Begins Production Of 5th Generation C-Class Sedan In India

The C-Class model was first launched in India in 2001 and at present more than 37,000 such cars are on the roads, Mercedes-Benz India said in a statement.


27 April 2022
JLR Launches Innovation Strategy To Accelerate Modern Luxury Vision

JLR Launches Innovation Strategy To Accelerate Modern Luxury Vision

As part of the new global strategy, JLR will launch an innovation hub in the UK, in partnership with the corporate innovation platform and investor, Plug and...


27 April 2022
Maruti Suzuki, Indian Bank Partner For Car Loans

Maruti Suzuki, Indian Bank Partner For Car Loans

As part of the partnership, the company's customers can avail of the loan benefits in over 5,700 plus branches of Indian Bank at metro, urban, semi-urban and...


26 April 2022
Seasonal Temperature A Problem For EV Batteries; Companies Should Take Advanced Action: Nitin Gadkari

Seasonal Temperature A Problem For EV Batteries; Companies Should Take Advanced Action: Nitin Gadkari

The Road Transport and Highways Minister also acknowledged that the country's EV industry has "just started" and emphasized that the government does not want...


26 April 2022
No problem In Tesla Producing EVs In India But Must Not Import Vehicles From China: Nitin Gadkari

No problem In Tesla Producing EVs In India But Must Not Import Vehicles From China: Nitin Gadkari

Last year, the heavy industries ministry had also asked Tesla to first start manufacturing its iconic electric vehicles in India before any tax concessions...


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