Page 10 - Automobile

Exploring possibility of exporting H'nessCB350 to global markets: HMSI

Honda Motorcycle & Scooter India (HMSI) is exploring the possibility of exporting its mid-sized premium bike H'ness CB350 to various markets across the globe even as it works to cater to the robust demand for the model in the domestic market, a senior company official said. The company rolls out the bike with over 90 per cent localisation from its Manesar (Haryana) based manufacturing facility. HMSI had introduced the bike in October 2020 and has already crossed 10,000 sales mark in February this year in the domestic market. "Since this model is already meeting the European regulations, there are many countries where this model could be exported. So we are in discussion with our headquarters. Already the model is three months old in the domestic market and there is interest from other Honda companies across the globe," HMSI Director (Sales and Marketing) Yadvinder Singh Guleria told PTI in an interaction. Terming it "one model which is Made in India for the world", he noted that ..

Hyundai bought chips when rivals didn't; its assembly lines keep rolling

The South Korean automaker kept buying chips even as rivals cut orders to reflect diminished demand because of the pandemic

Car sector seeks more British government support as output tumbles

Output in January fell by 27% year-on-year to 86,052 vehicles, hit by factors including dealership closures during a latest Covid-19 lockdown

Samsung SDI to invest $849 million to expand EV battery plant in Hungary

Samsung SDI, an affiliate of South Korean tech giant Samsung Electronics Co Ltd, began production at the Hungary plant in 2018, producing batteries for 50,000 EVs a year

TVS Motor Company appoints Timothy Prentice as Vice President for design

Prentice specialises in advanced design planning, and TVS expects his experience in designing high-performance electric vehicles to take its EV line-up design to the next level

Matter bets on Indian EV market, targets $1 billion turnover by 2025

"We are expecting the same thing that happened with 4G, the rate of adoption of 4G exploded above everyone's expectations, and that is what we are expecting with EVs as well," Matter Founder, CEO said

US: Kia Motors and Hyundai recovering from days-long network outages

In a statement on Thursday, Kia cited "online speculation" that Kia was hit by ransomware, which scrambles data until a victim pays to have it decoded

Restructuring inevitable for Renault Samsung for survival: CEO Signora

Renault Samsung Chief Executive Dominique Signora made the comments as the company struggles with lower vehicle sales and high labor and manufacturing costs

Nissan says 'not in talks with Apple' over autonomous car project

Concerns about becoming a mere contract manufacturer for Apple were also a factor in this month's collapse in early stage talks

Keeping track of cost structure amid rising commodity prices: Maruti Suzuki

Increasing commodity prices, specially those of rhodium and palladium, which are used in catalysers to meet strict emission norms, are putting cost pressure on automobile makers, according to a senior official of Maruti Suzuki India. The company, which had hiked prices of its vehicles in January, however is not planning to pass on the burden to consumers in the near future although it is keeping a close eye on its cost structure. With the supply of semiconductors becoming a challenge for the automotive industry, Maruti Suzuki is also watching the situation closely although it will have normal supply this month. "In commodities, prices have gone up dramatically this year, especially that of steel, and rhodium and palladium, which are used in catalysers of BS-VI vehicles. "Demand across the world has gone up but its mining happens only in Russia and South Africa. There, the mining was much lesser because of the pandemic," Maruti Suzuki India Executive Director (Marketing & Sales) ...

Govt asks automakers not sell vehicles with downgraded safety standards

Road Transport and Highways Secretary Giridhar Aramane also noted that only a few manufacturers have adopted vehicle safety ratings system and that too used only for their high-end models

Foxconn Taiwan auto JV aims to roll out EV bus in October: Report

Foxconn aims to provide components or services to 10% of the world's EVs by between 2025 and 2027

GM's China venture, PATEO files anti-monopoly complaint against Tencent

Tencent, GM and SAIC's joint venture SAIC-GM-Wuling did not immediately respond to requests for comment

Bajaj Auto logs 8% rise in sales in Jan, two-wheeler export up by 30%

Domestic two-wheeler sales were marginally lower at 1,57,404 units as compared to 1,57,796 units in January last year, the company said

Honda Cars domestic sales rise over two-fold to 11,319 units in January

Honda Cars India Ltd (HCIL) on Monday reported an over two-fold increase in domestic sales to 11,319 units in January as compared to the same month last year. The company had sold 5,299 units in the domestic market in January 2020, HCIL said in a statement. Exports for the period under review stood at 1,233 units as against 182 units in the year-ago period, it added. "The strong demand for our popular sedans Amaze and City in fact exceeded the supply last month and we seem to be heading towards sustainable market recovery except for a few challenges," HCIL Senior Vice-President and Director Marketing & Sales Rajesh Goel said. With the COVID-19 vaccination drive currently in progress, the automaker expects it to propel positivity in the market, resulting in a steady demand going forward, he added. The company has also started exports of its sedan City to new left hand drive markets which gave a fillip to the export volumes, Goel noted.

Ashok Leyland M&HCV sales grow 32% in January, bus sales falls 79%

Total M&HCV sales dropped by 2 per cent to 6,839 units in January 2021 from 6,949 units, a year ago

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

Strategies for auto stocks as Centre proposes 'green tax' on old vehicles

Union Minister for Road Transport and Highways Nitin Gadkari's proposal to levy 'green tax' on old vehicles polluting the environment nudged investors to off-load auto stocks from their portfolio

Groupe PSA announces Citroen's first phygital showroom in Ahmedabad

European auto major Groupe PSA, which is going to kick-start its journey with the premium SUV, said it is working on a new platform and India will be the first market to have products from it

Global chip shortage hampers Japanese automakers' production and recovery

Lockdowns and travel restrictions are prompting housebound shoppers to snap up more phones, game consoles, smart TVs and laptops, which in turn has fueled demand for the chips