Page 6 - Automakers

Automakers decrease production of CNG vehicles as natural gas prices rise

CNG automakers have reduced their production targets to 500,000-550,000 vehicles for FY23. At the beginning of the current financial year, this target was 700,000-750,000

Relief for automakers as govt defers six airbags rule to Oct 2023

Nitin Gadkari cites 'global supply chain constraints' as reason for the shift in decision

Why are electric vehicles still so expensive? Blame the manufacturers

EVs are built with fewer parts than regular cars, and they're often sourced from other companies

Top Headlines: Petro products export share rises; RBI rate hike, and more

With the price index surprising on the upside in August, many analysts have pencilled in a higher inflation print in September as well and accordingly expect the RBI to frontload policy rate hikes

Goyal warns automakers against forcing component makers to import

Goyal's remarks disconcerted automakers and their suppliers.

Gadkari urges automakers to adopt global safety norms for cars in India

Road Transport Minister Nitin Gadkari on Wednesday said majority of automobile manufacturers in India are already exporting cars with six airbags, and there is a need to adopt similar safety norms for cars in the country, stressing that they should also think about safety of people using small economy cars. Addressing the annual session of Automotive Component Manufacturers Association of India (ACMA), Gadkari pointed out that every year, some 5 lakh road accidents kill 1.5 lakh people and injure over 3 lakh. "Majority of automobile manufacturers in India are exporting cars with 6 airbags. But in India, because of the economic model and cost, they are hesitating," he said. Gadkari wondered why automobile manufacturers are not thinking about the lives of people using economy cars in India. Mostly, lower middle-class people buy small economy cars. An airbag is a vehicle occupant-restraint system which interferes between the driver and the vehicle's dashboard during a collision, ...

August auto sales see record jump on easing chip shortage, new launches

Cumulative dispatches at India's top seven passenger vehicle makers rose 30.2% year-on-year to 329,300 units from 260,450 units, shows the monthly sales data released by the companies on Thursday

Lambo accelerates India plans, goes full throttle on Tier-I, -II cities

The Italian carmaker launched the two-seater track-focused performance car, the Huracán Tecnica, four months after its global unveiling

Mahindra to unveil Scorpio Classic's price tomorrow; check details here

According to a media report, the new and updated SUV comes with a restyled front bumper, Mahindra's 'twin-peaks' logo, and new LED DRLs

GM recalls 484k big SUVs to prevent third-row seat belts malfunction

The automaker says in documents posted by US safety regulators that rivets that hold the buckle to the mounting bracket on the left- and right side third-row seats may have been formed improperly.

New Royal Enfield Bullet 350 likely to launch today: Check specs and prices

The all-new Royal Enfield Bullet 350 will be based on Royal Enfield's J-platform, which is the same that is employed by the Meteor 350 and the new Classic 350

Automakers drive into the metaverse to cater to digitally savvy customers

Marquee car companies are launching virtual reality platforms to cater to digitally savvy younger customers

Kia India crosses 500,000 sales mark in less then 3 years of commencing ops

With its strong performance in the Indian market, the company now contributes more than 6 per cent to the global sales of Kia Corporation, the automaker stated.

Auto firms to report muted Q1 earnings on high raw material prices

Analysts expect companies to fare better in the September quarter (Q2 FY23) as moderation in prices of raw materials starts having an impact

SUVs to tractors: M&M not taking foot off pedal, on recovery road

Favourable agri macros, improving SUV demand, and easing commodity prices augur well for automaker

Ford Motor recalls nearly 3 mn US vehicles over rollaway concerns

Ford said it is aware of six reports alleging property damage and four reports of injuries potentially related to the recall population

Indian automakers beat Covid woes as sales in May surpass 2019 levels

However, executives warn of rising inflation's impact on demand

Automakers see robust domestic dispatches in May as demand remains strong

Leading caramakers Maruti Suzuki, Hyundai and Tata Motors reported robust dispatches to dealers in May on the back of strong demand for passenger vehicles across regions, even as the global semiconductor shortage continued to impact production. Mahindra & Mahindra, Kia India, Toyota Kirloskar Motor, Honda Cars and Skoda also witnessed strong demand for their models last month. The month of May also witnessed Tata Motors race ahead of Hyundai in terms of domestic wholesales. The country's largest carmaker Maruti Suzuki India (MSI) said its domestic sales stood at 1,34,222 units in May. The company had dispatched just 35,293 units in May 2021 amid the second wave of COVID-19 pandemic in the country. The period saw massive disruptions which impacted both production and sale of cars. "The basic parameters of demand in terms of enquiries, bookings remain robust. However, supply chain issues remain and there is no clear visibility by when things will normalise," MSI Senior Executive ..

Auto companies ring up higher net sales, profits in March quarter

Semiconductor shortage and high commodity prices dent margins

From sneakers to Teslas, China lockdowns upend global supply chains

While "supply-chain disruption" is emerging once more as the most repeated phrase of corporate earnings season, the impact goes beyond multinationals' profits