Ajay Seth, current CFO of the company, will step down from his post on December 31 on account of superannuation
Tata Passenger Electric Mobility on Tuesday unveiled a new brand identity as it gears up to introduce ten new battery electric vehicles by 2026. As the EV offering grows, spurred by surging consumer demand and a robust, thriving product lineup, customers expect a unique experience across all touchpoints, from the brand to the product and its ownership cycle, Tata Passenger Electric Mobility, a unit of Tata Motors, said in a statement. TATA.ev, the new brand identity for the company's electric business, is the first step towards providing differentiated and meaningful experiences for customers in the form of a collective initiative to move towards an electric future, it added. Tata Passenger Electric Mobility Head Marketing, Sales and Service Strategy Vivek Srivatsa said the automaker is entering a new era with TATA.ev. "Our new brand identity for electric vehicles underlines our commitment to accelerate the adoption of clean energy mobility solutions," he noted. With a dominating
Honda Cars India on Tuesday said it plans to increase vehicle prices from next month in order to partially offset the impact of rising input costs. The automaker currently sells two models -- City and Amaze in the domestic market. "We have been trying to absorb accumulated cost pressures as much as possible. We will carry out a price revision on City and Amaze from September to partially offset the impact of increasing input costs," Honda Cars India Vice President (Sales and Marketing) Kunal Behl told PTI. The company is currently deciding on the quantum of the price increase, he added. Currently, price of compact sedan Amaze starts from Rs 7.05 lakh, mid-sized sedan City from Rs 11.57 lakh and City e:HEV (hybrid) from Rs 18.89 lakh (ex-showroom).
The automaker announced last month that global production would drop in the third quarter due to downtime for factory upgrades, without offering specifics
"We will have at least six models and will start from the premium end, maybe with a sports utility vehicle," says R C Bhargava, Chairman, Maruti Suzuki India
Maruti Suzuki India is looking to double its turnover to around Rs 1.68 lakh crore by 2030-31 from FY22 level in line with parent Suzuki Motor Corporation's global growth strategy, company Managing Director and CEO Hisashi Takeuchi said on Wednesday. The company expects India to "play a very big role" in Suzuki Motor Corporation's goal to achieve a global turnover of Rs 4.32 lakh crore in FY30-31, which would be exactly double the turnover of Rs 2.16 lakh crore achieved in FY21-22, he said. "Yes, of course" because we would like to make our volume double the size, Takeuchi said when asked if Maruti Suzuki India was also looking to double its turnover like its parent Suzuki. He said, "We will invest for production facility, we will invest for human resources so that we will be able to handle such a big volume by 2030. So that is our plan." Maruti Suzuki India had clocked net sales of Rs 83,798 crore in 2021-22. Takeuchi was speaking at the sidelines of the company's launch of premiu
Homegrown automakers Tata Motors, Mahindra & Mahindra, Ashok Leyland and Hero MotoCorp are accelerating the drive to employ more women in shop floors as they press hard on the pedal to enhance diversity. Once outsiders but no longer, thousands of women are now rolling out from two-wheelers to popular SUVs and heavy commercial vehicles across different factories of these companies. Tata Motors has over 4,500 women working in the shop floors across six manufacturing plants, including an all-women line at its Pune facility with over 1,500 of them producing popular SUVs such as Harrier and Safari. "We are an equal opportunity employer and believe a gender-balanced workforce leads to increased productivity, better decisions, enhanced collaboration, and more innovative ideas. Our focus is on enhancing diversity, especially on the shop floor and 25 per cent of all our new recruits are women," Tata Motors Chief Human Resources Officer (CHRO) Ravindra Kumar GP told PTI. He further said, ...
The country's largest carmaker Maruti Suzuki India (MSI) on Saturday reported 2 per cent increase in total wholesales at 1,59,418 units in June. The company had dispatched 1,55,857 units to dealers in June 2022, MSI said in a statement. Last month, the company's domestic passenger vehicle sales rose 8 per cent to 1,33,027 units as against 1,22,685 units in the year-ago period, it added. Sales of mini cars, comprising Alto and S-Presso, fell marginally to 14,054 units as compared with 14,442 units in the same month last year. Similarly, sales in the compact segment, including models such as Swift, Celerio, Ignis, Baleno and Dzire, slumped 17 per cent to 64,471 units as against 77,746 cars in June 2022. Sales of mid-sized sedan Ciaz increased to 1,744 units as compared with 1,507 units in June last year. Utility vehicle sales, including Brezza, Grand Vitara and Ertiga, surged over two-fold to 43,404 units as compared with 18,860 vehicles in the year-ago month, MSI said. Exports dec
Hyundai Motor India Ltd (HMIL) on Saturday said its total wholesales increased 5 per cent to 65,601 units in June 2023. The automaker had dispatched a total of 62,351 units to dealers in June 2022. Domestic sales rose 2 per cent to 50,001 units last month from 49,001 units in the year-ago period, the company said in a statement. Exports in June rose 17 per cent to 15,600 units as compared with 13,350 units in the same month last year, it added. "There is a positive customer traction for all our products and Verna, Creta, and Tucson have attained leadership positions in their respective segments in the first half of CY23," HMIL COO Tarun Garg noted. The company is now looking forward to introducing Exter SUV in the market, he added.
Toyota Kirloskar Motor (TKM) on Saturday said its wholesales increased 19 per cent to 19,608 units in June as compared with 16,512 units in the year ago period. Domestic dispatches stood at 18,237 units while overseas shipments rose to 1,371 units last month. "Ever since the launch of Urban Cruiser Hyryder and Innova Hycross, we are witnessing continued high acceptance by our customers," TKM Vice President (Sales and Strategic Marketing) Atul Sood said in a statement. These along with a consistent performance by the entire product portfolio Camry Hybrid, Fortuner, Legender, Vellfire, Glanza and the newly introduced Hilux, are enabling the company to sustain the positive performance, he added. The commencement of three shift operations at the manufacturing plant has played a vital role in enhancing operational capabilities and addressing the growing demand for the products, Sood noted.
MG Motor India on Saturday reported 14 per cent increase in retail sales at 5,125 units in June 2023 as compared to the same month last year. The company had posted a retail sales of 4,504 units in June 2022, MG Motor India said in a statement. "Supplies were disrupted in the wake of cyclone Biparjoy though customer demand should now gain momentum following the monsoon as India gears up for a long festive season," it said. In the second quarter (April-June) of 2023 , the company said its sales were at 14,682 units as against 10,519 units in the year-ago period, a growth of 40 per cent.
The automaker is cutting engineers in all three areas of its business, EVs, traditional internal combustion-engine models and commercial vehicles, said T.R. Reid, a company spokesman
The arrest of Ghosn, 69, sent shockwaves through the global auto industry and unleashed turmoil within Nissan that continues to this day
The capital expenditure will be allocated towards building green-field plants for EVs, better research and investment in battery plants, and support for grid charging infrastructure
It will invest Rs 45,000 crore to start eight assembly lines with an annual production capacity of 250,000 units each across two new facilities
SUV market share in India is expected to rise from its current 43% by the end of 2024-2025 to 48%, industry estimates said
GM will take a $1 billion charge in the first quarter, he said. The company had previously projected $1.5 billion in charges related to staff reductions
Growth in sales and production in FY23 had come with some easing in the chip-supply situation and pent-up demand
Chandigarh-based SML Isuzu also said its costs were rising due to fitting its buses with electronic stability control technology, which helps prevent losing control of a vehicle
The boost part, though, is looking a bit tenuous for both established and EV firms