Page 3 - Auto Industry India

Citroen launches C5 Aircross SUV in India starting at Rs 29.9 lakh

Citroen on Wednesday launched C5 Aircross SUV in India with introductory prices starting from Rs 29.9 lakh (ex-showroom Delhi).

Mercedes-Benz India's first quarter sales rise 34% to 3,193 units

Mercedes-Benz India reported a 34 per cent jump in car sales at 3,193 units in the first quarter of 2021 over the year-ago period, owing to strong sales in the first two months of the current year

Triumph launches all-new Trident 660 model in India, priced at Rs 6.95 lakh

Triumph on Tuesday launched an all-new Trident 660 model in India at an introductory price of Rs 6.95 lakh (ex-showroom), making its foray into the middleweight roadster segment

Tata Motors opens ten new PV showrooms in Delhi-NCR within a 24-hour span

Tata Motors on Tuesday said it has opened ten new full-range passenger vehicle showrooms in Delhi NCR in a single day as part of its plan to expand sales network across the country

Ford Motor, Mahindra call off JV over global economic, business conditions

The latest move will not have any impact on its product plan, Mahindra and Mahindra said

UK-based Triumph plans to launch 9 new bike models in India during Jan-Jun

Triumph Motorcycles has an aggressive product pipeline for India market in the next six months with nine new bike models, including special editions, slated for launch, a top company executive said

Passenger vehicle sales rise 26% in Sept; up for 2nd straight month: SIAM

Scooter sales were also up marginally at 5,56,205 units from 5,55,754 units in the same month last year

Auto industry not in position to make investments for new norms: SIAM

SIAM also noted that government support was required to pursue the targets set under the Automotive Mission Plan 2026 (AMP 2026)

Overdue replacement cycle to drive recovery in commercial vehicles: VECV

Overdue replacement cycle of commercial vehicles will drive recovery in the market, while demand for trucks is expected to start coming back from October-November onwards

Coronavirus outbreak: Carmakers, suppliers brace for stormy days

Expect overall sales to fall by 25-30% year-on-year, warns Rajan Wadhera, president of the Society of Indian Automobile Manufacturers

Auto sector hiring for manufacturing, sales, quality control roles: Study

The recruitment scenario may be grim right now but the market is gearing up for a U-turn and there is already a silver lining showing in the automobiles sector, which is actively hiring for the manufacturing, sales and quality control roles, says a study. According to TimesJobs RecruiteX, the automobiles sector noted an 8 per cent growth in talent demand in December 2019 as compared to November 2019. It further noted that the infrastructure sector posted the highest growth of 14 per cent in talent demand. "The hiring sentiment right now is hinting at the 'revival mode'. The automobiles sector is a classic example here. The sector is undergoing a major revamp in its offerings as electric vehicles and alongside it is also prepping up its personnel requirement to fit the new scheme of thing," said Sanjay Goyal, business head, TimesJobs and TechGigsaid. "In December 2019, the sector was actively looking for professionals who can make (R&D) and sell the new product lines. The ...

Automaker Ather plans to ramp up ops, expand Ather Space, Ather Grid

As part of its expansion plan, the auto-maker plans to take Ather Space, its flagship experience centre format, across key cities like Coimbatore

After festive cheer, passenger vehicle sales hit the slow lane in November

Domestic passenger vehicle sales fell 0.84 per cent year-on-year (YoY) to 264,000 units in November, according to the data released by industry body Society of Indian Automobile Manufacturers

PM's word on co-existence of fossil-based cars, EVs gives clarity: Industry

Society of Indian Automobile Manufacturers President Rajan Wadhera said the assurance is completely in-line with SIAM's recommendations that all relevant technologies should co-exist in India

Maruti Suzuki cuts production for eighth straight month in September

Reeling under a prolonged slowdown, Maruti Suzuki India (MSI) reduced its production by 17.48 per cent in September, making it the eighth straight month when the country's largest car maker lowered its output. The company produced a total of 1,32,199 units in September as against 1,60,219 units in the year-ago month, Maruti Suzuki India (MSI) said in a regulatory filing. Passenger vehicles' production last month stood at 1,30,264 units as against 1,57,659 units in September 2018, a decline of 17.37 per cent, it added. Production of mini and compact segment cars, including Alto, New WagonR, Celerio, Ignis, Swift, Baleno and Dzire stood at 98,337 units as against 1,15,576 units in September last year, down 14.91 per cent. Similarly, production of utility vehicles such as Vitara Brezza, Ertiga and S-Cross declined 17.05 per cent to 18,435 units as compared with 22,226 units a year ago. Mid-sized sedan Ciaz saw its production reduced to 2,350 units in September from 4,739 units in the

GST Council may cut tax on hybrid vehicles as auto sector battles slowdown

The government is examining a rate reduction for such vehicles by doing away with the cess, which will bring down the tax incidence from 43% to 28%

Maruti Suzuki reduces output for 7th straight month in Aug with 34% cut

The company produced a total of 1,11,370 units in August as against 1,68,725 units in the year-ago month, Maruti Suzuki India (MSI) said in a filing to the BSE on Monday

Mahindra and Mahindra's sales drop 25% to 36,085 units in August

The company had sold 48,324 units in the corresponding month last year, M&M said in a statement.

Chhattisgarh auto sales surge, backed by rural growth amid slowdown

A slump in sales across the country has plunged the sector into a severe crisis

Auto companies cut more jobs, halt production as India slowdown bites

Toyota, Hyundai halt production; auto part makers Denso, Bellsonica cut 350 jobs each.