Page 13 - Automobile

Sales recovery 'tactical' due to pent-up demand, not sustainable: MG Motor

Recovery seen in auto sales in the past couple of months is not a sustainable one and there is a question mark on how the industry would fare next year as the sector is hugely linked to the economy

Kia Motors looks to ace SUV segment in India with Seltos and Sonet

South Korean automaker Kia Motors is vying for the top slot in the high selling entry-level, mid-SUV segments in India with Seltos and Sonet generating robust volumes for the company, according to a senior company official. The company, which reported its highest-ever retail sales in the country in September, has already raced to number one position in the sub-four meter compact SUV segment last month with its newly launched model Sonet dominating the segment. Kia sold 9,266 units of Sonet in September thus getting the better of the likes of Hyundai Venue and Maruti Suzuki Vitara Brezza. Similarly, it sold 9,079 units of Seltos last month to take the second spot behind Hyundai Creta which sold 12,325 units. "We are now present in both SUV low and mid segments with Sonet and Seltos and we would be market leaders in both of them," Kia Motors India Vice-President & Head Marketing and Sales Manohar Bhat told PTI. Both the models are high on design and features and come with wide range

We expect to grow 15-20% this fiscal: Triumph Motorcycles' Shoeb Farooq

Firm plans to launch pre-owned vehicles in India next month. Today the brand has 7,000 customers here and the India Business Head says that would be good enough to start the programme

Royal Enfield's total sales increase 1% to 60,041 units in September

Motorcycle maker Royal Enfield on Friday reported a 1% increase in its total sales at 60,041 units in September

TVS Motor's two wheeler sales rise by 4% to 313,332 units in September

Domestic two-wheeler sales dropped marginally to 241,762 units in September 2020

Ashok Leyland truck sales rise 2% in August; bus sales decline 91%

Company's Light commercial Vehicle (LCV) sales grew by 20 per cent to 4,567 units from 3,816 units

Maruti Suzuki's total sales grow 31% in September to 160,442 units

The country's largest carmaker Maruti Suzuki India (MSI) on Thursday reported a 30.8% increase in total sales at 160,442 units in September

Morris Garages Motor reports 3% decline in retail sales in September

MG Motor India on Thursday said it has recorded 2.72 per cent decline in its September retail sales at 2,537 units

Bajaj Auto reports 10% jump in September vehicle sales at 441,306 units

Bajaj Auto on Thursday reported a 10 per cent increase in its total vehicle sales at 4,41,306 units in September.

MG Motors to invest Rs 1,000 crore more in India despite anti-China mood

The India arm of China's SAIC Motors has invested Rs 3,000 crore till now

Govt allows use of H-CNG as alternative clean fuel for automobile

H-CNG is an 18% mix of hydrogen in compressed natural gas

Dealers, owners may seek govt protection as Harley silent on future course

Chief worries are bike servicing and spares, and likely spurt in consumer cases; Industry sources say iconic bike maker may tie up with Hero for distribution and after-sales

'Automobile sales growth would sustain going ahead': Kansai Nerolac MD

As the paint company completes 100 years of operations, Bharuka highlights that it would continue to maintain its leadership position in the industrial paints segment going ahead

Gujarat Pipavav RoRo segment takes a hit on fall in automobile volumes

The port is a gateway to the auto hubs in Gujarat and Delhi-NCR, which is run in partnership with NYK Auto Logistics

Jaguar Land Rover set to drive in iconic SUV Defender in India next month

JLR India on Thursday said it will launch its iconic SUV Land Rover Defender in India on October 15

Car market in slow lane, Mercedes rides high on branded merchandise sales

From watches and shades to fitness bicycles, online shoppers have been lapping it up all in a big way; 75% of shoppers in 18-34 age bracket, firms' revenue tops Rs one crore from this biz

The Modi govt must forget pakoras and let the likes of Toyota create jobs

When India should be presenting itself as an alternative to China by making it easy for enterprises, we find the old and discarded Soviet-style statism creeping back

Global automobile sales forecast to fall by 20% this year, says S&P

Global light vehicles sales are expected to fall by 20 per cent this year compared with 2019 following sales and production disruption due to the COVID-19 pandemic, S & P Global Ratings in a report published on Friday."This new forecast follows a first-half 2020 sales slump of 25 per cent, an unprecedented shock for the global industry," said S & P Global Ratings analyst Vittoria Ferraris."We project global vehicle sales to expand 7 to 9 per cent both in 2021 and 2022, meaning that light vehicle sales two years from now will still be 6 per cent below 2019 volumes."Any upside to our sales scenario will stem mainly from the Chinese market, the most dynamic but least predictable among the main global auto markets, said Ferraris adding that China may be the only market to catch up with 2019 volumes by the end of 2022.S & P said its global auto sales forecast is more conservative than general market standards.But it deems it consistent with the pandemic-related dramatic squeeze

No easing GST rate, automakers should cut royalty payments: FinMin sources

They say companies should cut royalty payments to parents abroad instead of asking GST cut to tide over Covid crisis

GM encouraged by global recovery, will prefer long-term strategy: CEO

GM also is not looking for "a short-term pop" as it relates to its corporate structure, CEO Barra added, when asked about a possible spinoff of the automaker's electric vehicle assets