Page 8 - Automobile Manufacturer

CAFE III emission targets to disrupt PV market trends 2027 onwards: Chandra

Shailesh Chandra, managing director, Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility, said that CAFE III standards, which will hit the industry around 2027

Volkswagen recalling 307,000 vehicles over airbag sensor wiring: Report

Volkswagen will notify all owners of the affected vehicles by August 16, the company said

More MNCs eye IPO route after passenger car major Hyundai Motor move

Investment bankers say early stage talks on with about half a dozen foreign firms

Three-wheeler exports may continue to skid in FY25 over subdued demand

As such three wheeler exports have been declining. According to SIAM data, in FY23, exports fell by 26 per cent, followed by a 17 percent fall in FY24

As vehicle sales hit brakes, manufacturers seek extended financing

Auto dealerships are grappling with a 60-day stockpile of four-wheeler inventory, which is imposing a financial burden due to the additional interest costs incurred during the extended holding period

Cars could get costlier as automobile emission norms set to tighten

Under the third phase of the corporate average fuel efficiency standards, automakers must reduce carbon emissions by one-third in three years

Uno Minda zooms 18% after deal with Inovance Automotive for e-4W expansion

Uno Minda's stock rose following its announcement of a technical licence agreement (TLA) with Suzhou Inovance Automotive Co, Ltd, China

Japan auto safety test scandal widens, Toyota halts some shipments

The ministry ordered Toyota, Mazda and Yamaha to suspend shipments of some vehicles. It said it will conduct an on-site inspection at Toyota's central Aichi prefecture headquarters on Tuesday

Post FAME-II: EV sales dip on incentive cuts, polls, and hybrid shift

Sector experts suggest that the sharp decline could be due to a combination of factors such as changes in government policies, customers shifting interest towards hybrids, and general elections

Centre must encourage both hybrids and EVs, says Maruti Suzuki India

As India aims for carbon neutrality by 2070, automakers are divided over the best pathway

Stellantis India appoints Shailesh Hazela as CEO & MD, effective mid-July

'I look forward to accelerating technological innovation and strengthening our position in existing and emerging mobility segments,' Hazela said after the appointment

May sees electric two-wheeler sales revving up, led by Ola Electric

Led by Ola Electric, overall electric two wheeler sales have gone up by around 12 per cent in May over the previous month

Car dealers may be staring at inventory stockpile exceeding 400,000 units

Automobile manufacturers said a record inventory of 400,000 vehicles valued at Rs 44,000 crore can be expected by the end of May due to less demand

FAME must include tractors and LCVs: TII's exec chairman Arun Murugappan

Murugappan discusses the EV road map, semiconductor plans, and the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India III (FAME III) wish list

PMI Electro Mobility faces subsidy fraud allegations under FAME scheme

The Ministry of Heavy Industries has now formed a team for a second probe into the allegations against PMI Electro

Millennials, Gen Z driving demand for luxury car rentals in India

Mumbai and Delhi witness fastest growth in demand this year at 35% and 40%, respectively

European auto company Skoda-VW hits 1.5 million output mark in India

30% of the Group's India production is exported

Maruti Suzuki India likely to set up at least 400 service outlets in FY25

Akella explained the distribution of these service touchpoints between main urban centres and other regions

Share of passenger vehicle output geared for export at 10-year low in 2023

India's share of production geared for export is the lowest in Asia, trailing South Korea, Thailand, Japan, and Indonesia

Sundram Fasteners Q4 results: Net profit surges to Rs 134.41 crore

Auto component maker Sundram Fasteners Ltd has reported its highest ever consolidated net profit for the March 2024 quarter at Rs 134.41 crore on account of strong operational performance. The Chennai-based company had registered consolidated net profit of Rs 127.47 crore, during the corresponding quarter of last year. For the year ending March 31, 2024 the net profit surged to Rs 525.64 crore, as compared to Rs 500.35 crore registered a year ago. Total revenue during the quarter under review grew to Rs 1,477.70 crore, as compared to Rs 1,451.46 crore registered in the same period of last year. For the year ending March 31, 2024, the consolidated revenues remained flat at Rs 5,720.47 crore as against Rs 5,707.60 crore registered in the same period of last year. In a statement on Friday, the company said it reported highest ever profit after tax, EBITDA for the financial year ending March 31, 2024. The Earnings Before Interest, Depreciation and taxes for the year ending March 31, 202