Page 10 - Auto Sector

PV retail sales dip 4% in Jan as semiconductor shortage impacts vertical

Automobile dealers' body FADA on Tuesday said passenger vehicle (PV) retail sales in January witnessed a year-on-year decline of 4.46 per cent to 2,81,666 units

Vehicle registrations in January declines over 9% from last year

Vehicle registrations in January 2021 declined 9.66 per cent on a year-on-year (YoY) basis

M&M rallies 10%, nears record high on strong operational performance in Q3

M&M expects the industry to log around 20 per cent YoY volume growth in the tractor segment for FY21E

EU electric and plug-in hybrid car sales jump to over 1 million in 2020

Sales of fully-electric vehicles more than doubled from last year

This Jhunjhunwala-owned stock can rally another 21%: Analysts

Ace investor Rakesh Jhunjhunwala owns 4.75 per cent stake in Escorts as of December 2020 quarter

Auto margins could come under near-term pressure on higher duties

Commercial vehicle companies to gain the most on scrappage, bus orders and infra boost

TVS Motor Company launches new stop-and-go technology platform

TVS Motor Company on Tuesday introduced a new platform TVS intelliGO, a stop-and-go technology that switches off the engine during idling and long transient stops. The technology aims at providing comfortable, convenient and an environment-friendly ride experience to customers, the company said in a statement. It helps enhance mileage and reduce emissions by intelligently switching off engine during long idling. The technology makes its debut on the company's Jupiter, making it the first 110cc scooter to have this intelligent 'stop & go' technology, the company claimed. TVS Jupiter scooter ZX Disc variant with the TVS intelliGO is priced at Rs 72,347 (ex-showroom, Delhi), it added. With the TVS intelliGO, the vehicle is ready to go by a simple throttle rev. Commenting on the launch, TVS Motor Co Vice President (Marketing) Commuter Motorcycles, Scooters & Corporate Brand Aniruddha Haldar said, "this intelligent Stop & Go technology is significant for our consumers through

Royal Enfield sales increase 8% in January at 68,887 units

Motorcycle maker Royal Enfield on Monday reported an 8 per cent increase in total sales at 68,887 units in January

Tesla's redesigned Model S will automatically shift by 'guessing'

Electric car maker Tesla's redesigned Model S and Model X will have automatic shifting between the park, reverse, neutral and drive

Maruti Suzuki Q3 net profit zooms 24% to Rs 1,941.4 crore on higher sales

Can't raise prices despite higher production cost, says firm

Gadkari asks EV makers to shift towards indigenous battery technology

Union Minister Nitin Gadkari on Thursday asked the EV industry to shift towards indigenous battery technologies. With electric vehicles (EVs) fast becoming the new reality, Road Transport & Highways Minister Gadkari has stressed on the need to emerge as pioneers in developing leading battery and power-train technologies, as per a statement from the Ministry of Road Transport and Highways, the ministry said in a statement. "Noting that the challenge we presently face is the control on strategic reserves of Lithium, which is used to manufacture Lithium-ion rechargeable batteries used in vehicles, the minister has called upon the EV sector to shift towards a completely indigenous battery technology in the coming years," the statement said. This could be metal-air, metal-ion and other potential technologies in the R&D pipeline. Pointing out the need to achieve Atmanirbhar Bharat's goal in transport sector, Gadkari said it is necessary to dedicate the coming years to rigorous ...

Toyota beats Volkswagen to become World's No.1 car seller in 2020

The pandemic demand slump hit Volkswagen harder

Honda begins export to left hand drive countries to boost India business

The firm said it has started exporting vehicles from India to left hand drive nations to strengthen its business here in the country

Auto sector going through long-term structural slowdown, CAGR dips: SIAM

The study clearly shows that the pandemic is not the only reason for the auto sector slowdown, which is facing deeper structural issues that need attention, the industry body noted

GM warns Maharashtra's move to block its exit could hit investment

GM said it planned to seek a reversal of the state's order as soon as possible

Maruti Suzuki's hatchback Swift India's 'best-selling' car model in 2020

Maruti Suzuki India on Saturday said its hatchback Swift has emerged as the best selling car model in India in 2020 with 1,60,700 units. In 2020, the model has also crossed the cumulative sales milestone of 23 lakh units since its launch in 2005. It crossed the 5 lakh milestone in 2010, 10 lakh in 2013 and 15 lakh in 2016, the company said in a statement. Commenting on the milestone, Maruti Suzuki India Executive Director (Marketing & Sales) Shashank Srivastava claimed that "Swift has been the best-selling premium hatchback in the country for the past 15 years with over 2.3 million delighted customers." He further said, "Despite the adverse impact of COVID-19, brand Swift sold over 1,60,700 units in CY 2020, emerging as the top brand in the pecking order." The company said more than 53 per cent of Swift customers are below the age of 35 years, thus establishing the model as "the 'coming of the age' car with its tech-savvy features, value-for-money offerings and sporty design".

Long road for Tesla in India with infrastructure, supply chain woes

The world's most valuable automobile manufacturer registered a local company in India earlier this month

Ford to recall 3 million vehicles for air bags at $610 million cost

The recall includes 2.7 million US vehicles

Hero MotoCorp crosses 100-million milestone in cumulative production

The firm announced to introduce over 10 products annually in the next five years to keep its growth momentum

Luxury carmaker BMW to bring 25 new products in India this year

BMW looks to accelerate sales growth, leaving behind the worst of the coronavirus pandemic