Page 8 - Automakers

Maruti Suzuki aims to sell 600,000 CNG units in current fiscal year

The company sold about 230,000 CNG units in 2021-22

Skoda Slavia looks to Czech mate sedan segment

Skoda Slavia rear seating offers ample legroom and is comfy with functional compartments and fittings, making this a strong and more price-efficient corporate executive sedan versus Skoda Superb.

Maruti Suzuki's exports hit record high of 238,376 units in FY22

The top five export models during the year included Baleno, Dzire, Swift, S-Presso and Brezza.

Auto component industry likely to clock 8-10% growth in FY23: Report

The Indian auto component industry is expected to clock 8-10 per cent growth in FY23, supported by the easing of supply-chain issues and commodity inflation in the second half of the year, according to rating agency Icra. For 2021-22, the revenue growth of the industry is pegged at 13-15 per cent, driven by domestic OEM, replacement, export volumes and pass-through of commodity prices. The healthy volume growth will, however, come on a low base of FY2021, the agency said in a statement. "Demand for auto components stems from domestic OEMs, replacement and exports. Domestic OEM demand has remained a mixed bag across segments in FY2022, with a slowdown in two-wheelers (2Ws) and semiconductor shortage dragging down overall production volumes," Icra Ltd Assistant Vice President & Sector Head Corporate Ratings - Vinutaa S said. Exports have remained a bright spot in the Indian auto component story, partly aided by the "China+1 strategy". This is despite supply chain issues, she ...

Volvo planning to turn its cars into iPhone on wheels, says CEO Rowan

All the stuff that you can do in your smartphone will be almost inherently native within the vehicle, Rowan said

Lexus launches buyback programme with ES300h premium sedan

The automaker has also initiated a loyalty programme for its customers under the 'Lexus Life' umbrella.

Hope to make India a global hub for EVs, cell tech: Ola co-founder

The heavy industries ministry has named Ola Electric and three other companies eligible for receiving benefits under the PLI (Production-Linked Incentive) scheme.

Russia-Ukraine war: High input costs forcing automakers to walk a tightrope

The second of the five-part series looks at automakers' concern over any further price hike that may dent demand in segments like two-wheelers

Toyota plans 17% cut in April global output, to make 80,00,000 units

The news comes about a week after Toyota said it would scale back domestic production by up to 20 per cent during the months of April, May and June

India Ratings revises auto sector outlook to 'neutral' for FY23

Domestic automobile sales volume is expected to grow 5-9 per cent year-on-year in 2022-23, after three consecutive years of decline, and is likely to fall 5-8 per cent in 2021-22: India Ratings

Passenger vehicle retail sales dip 8% in Feb as chip woes continue: FADA

The industry body warned that the Russia-Ukraine conflict could further impact the production of semiconductors.

GM loses bid to skip recall of 727,000 SUVs for lights that are too bright

GM said it's reviewing the decision and deciding what to do next.

Headwinds on demand, cost fronts to keep Bajaj Auto under pressure

Higher exports may offset some of the volume, cost pressure

Tokyo court gives ex-Nissan executive Kelly suspended sentence

The verdict announced Thursday will allow Kelly to return to the US immediately.

Honda suspends exports to Russia, more Japanese automakers could follow

Western companies have spurned Moscow following the invasion, stopping sales in Russia and even saying they would exit investments there

Tata Motors domestic sales rise 27% to 73,875 units in February

The company had dispatched 58,366 units in February 2021.

Skoda Auto posts over five-fold jump in sales to 4,503 units in Feb

The company had sold 853 units in the same month last year.

Kia India ramps up production to full capacity at Anantapur plant

Automaker Kia India on Monday said it has ramped up production to full capacity of 3 lakh units annually with the start of the third shift at its Anantapur plant in Andhra Pradesh. Kia India had commenced mass production from the facility in August 2019. It had recently crossed 5 lakh cumulative dispatches from the Anantapur plant, including 4 lakh domestic sales and 1 lakh exports, the company said in a statement. "We have hired additional manpower and aligned resources to minimise the waiting period on Kia cars and help us cater to the high demand in domestic and international markets," Kia India Managing Director and CEO Tae-Jin Park said in a statement. He further said, "India is a strategic market for Kia globally, and all our products have received an overwhelming response here". The company has exported cars to more than 91 countries in the Middle East, Africa, Central & South America, Mexico and the Asia Pacific since it started shipping Seltos in September 2019, Kia India

Automakers oppose six airbag rule, cite constraints on domestic capacity

Industry is now in discussion with MoRTH to reconsider the rule pointing out that there is no country where such a regulation is mandated

Govt makes 3-point seat belts mandatory for front-facing passengers in car

The government has made it mandatory for automakers to provide three-point seat belts for all front-facing passengers in a car.