Page 9 - Automobile
Volkswagen US name change to 'Voltswagen' was April Fool's joke gone awry
Earlier, the automaker caused an uproar last year with a video clip that showed a black man being controlled by a giant white hand
 "Volkswagen US name change to 'Voltswagen' was April Fool's joke gone awry")
China's Xiaomi announces smart EV business, to invest $10 bn over 10 years
Chinese smartphone maker Xiaomi Corp has formally entered the automotive industry with a new smart electric vehicle (EV) business, the company announced on Tuesday in a filing
 "China's Xiaomi announces smart EV business, to invest $10 bn over 10 years")
Top headlines today: Misty's exit valuation, auto aftermarket, and more
Here are the top business headlines on Tuesday morning
 "Top headlines today: Misty's exit valuation, auto aftermarket, and more")
China's Great Wall Motor plans to launch hydrogen fuel-cell SUV model
Great Wall has planned eight new models under WEY marque, which it aims to compete with Toyota and Volkswagen
 "China's Great Wall Motor plans to launch hydrogen fuel-cell SUV model")
Automaker Skoda unlikely to drive in electric vehicle in India anytime soon
Skoda is not likely to drive in its electric car in India anytime soon as it thinks the market is not ready for such vehicles due to high acquisition cost as compared with internal combustion cars
 "Automaker Skoda unlikely to drive in electric vehicle in India anytime soon")
Toyota Kirloskar to hike vehicle prices from April to offset input cost
The increase is necessitated to offset the substantial increase in input costs, it added
 "Toyota Kirloskar to hike vehicle prices from April to offset input cost")
World's biggest automakers suspend operations as chip supplies dry up
"Production is really vulnerable right now," Bloomberg Intelligence auto-industry analyst Tatsuo Yoshida said. "Any kind of abnormal occurrence causes parts to run out"
 "World's biggest automakers suspend operations as chip supplies dry up")
Skoda lines up new products, plans to boost sales, infrastructure in India
Skoda is looking to launch multiple products, expand its sales network and enhance local content in its cars as it aims to carve out viable business for itself in the highly competitive Indian market
 "Skoda lines up new products, plans to boost sales, infrastructure in India")
Auto components maker Rolex Rings Ltd submits IPO papers with Sebi
Auto-components maker Rolex Rings Ltd has filed preliminary papers with capital markets regulator Sebi to launch an initial share sale
 "Auto components maker Rolex Rings Ltd submits IPO papers with Sebi")
BMW ramping up move into electric cars, vows 50% global sales by 2030
German automaker BMW said Wednesday it intends to speed its rollout of new electric cars, vowing to bring battery-powered models to 50 per cent of global sales by 2030.
 "BMW ramping up move into electric cars, vows 50% global sales by 2030")
Royal Enfield aims to become a $5 billion global company: Report
Royal Enfield is targeting a 10 per cent market share in mid-size bikes in the export market
 "Royal Enfield aims to become a $5 billion global company: Report")
Craftsman Automation IPO: Opportunities & risks to know before subscribing
Craftsman Automation has many global and domestic clients including Tata Motors, Tata Cummins, M&M, Simpson and Co, Escort, Ashok Leyland, and TVS Motors
 "Craftsman Automation IPO: Opportunities & risks to know before subscribing")
Tractor sales rise by around 30% in February 2021 to 84,690 units
February 2021 sales were lower compared to January 2021 sales of 87,579 units and production of 96,020 units
 "Tractor sales rise by around 30% in February 2021 to 84,690 units")
Ola Electric's scooter could lead to market share loss for existing players
Ola Electric's scooter: Pricing would be critical as cost is the biggest deterrent at present
 "Ola Electric's scooter could lead to market share loss for existing players")
TVS Motor Company launches 2021 TVS Apache RTR 160 4V motorcycle
TVS Apache RTR 160 4V motorcycle comes with an advanced 159.7 cc single-cylinder, 4-valve, oil-cooled engine, that churns out 17.63 PS at 9250 RPM and 14.73 Nm torque at 7250 RPM.
 "TVS Motor Company launches 2021 TVS Apache RTR 160 4V motorcycle")
Honda to sell limited batch of Legend sedan level 3 self-driving cars
Honda Motor Co Ltd on Thursday said it will sell a limited batch of its flagship Legend sedan equipped with level 3 autonomous driving technology that enables vehicles to navigate congested highways
 "Honda to sell limited batch of Legend sedan level 3 self-driving cars")
Suzuki Motor charges up for EVs, spells out strategy for the first time
The Japanese auto major spells out its strategy for the first time and puts its India subsidiary at the centre of its plans
 "Suzuki Motor charges up for EVs, spells out strategy for the first time")
Ashok Leyland's M&HCV truck sales rise 44% in February, bus sales fall 84%
The company's light commercial vehicle sales rose by 46 per cent to 5,662 units from 3,867 units in the year ago period
 "Ashok Leyland's M&HCV truck sales rise 44% in February, bus sales fall 84%")
MG Motor sales increase over three-fold to 4,329 units in February
MG Motor India on Monday said it recorded its best-ever retail sales in February at 4,329 units
 "MG Motor sales increase over three-fold to 4,329 units in February")
Bajaj Auto sales up 6% to 3,75,017 units in February, two-wheeler biz up 7%
Bajaj Auto on Monday reported 6 per cent rise in total sales at 3,75,017 units in February, as against 3,54,913 units in the same month last year.
 "Bajaj Auto sales up 6% to 3,75,017 units in February, two-wheeler biz up 7%")
