Page 2 - Automobile Sector

Bajaj Auto sales drops 10% to 354,913 units in Feb; exports rise 9%

Domestic two-wheeler sales were at 146,876 units last month as against 186,523 units in February 2019, a decline of 21%

Coronavirus impact: Firms stare at prospect of airlifting raw materials

Pharma industry officials said the aerial route was the best option available to companies right now, given the congestion at Chinese ports.

SIAM proposes setting up of South Asian Automotive Forum to expand trade

Indian automobile industry body SIAM on Thursday said it has proposed a South Asian Automotive Forum, with participation of industry associations and government representatives from all the five countries in the region. The objective of the forum is to further trade and establish a strong automotive industry in South Asia, Society of Indian Automobile Manufacturers Association (SIAM) said in a statement. Besides, the forum would also aim to widen and deepen the relationship between automotive industries in all the five South Asian countries -- Bangladesh, India, Myanmar, Nepal and Sri Lanka, it added. SIAM said it had proposed this during the recently held first meeting between the associations of all the five countries. The associations that participated in the meeting included Bangladesh Automobiles Assemblers & Manufacturers Association (BAAMA), Automobiles Association of Nepal (NADA), Myanmar Automobile Manufacturers and Distributors Association (MAMDA) and Ceylon Motor ...

TVS Motor partners with Motomundo SA for expansion in Honduras

TVS Motor Company will be present in 40 Motomundo outlets and over 25 dealers across Honduras

Hero MotoCorp to invest Rs 10,000 cr for manufacturing units, R&D

The company also unveiled premium bike Xtreme 160R which will hit the markets in March

Furious sharesholders blast Nissan bosses over dividends, performance, pay

The firm failed to issue a dividend to shareholders after posting a net loss of 26.1 billion yen for the three months to December

Auto industry concerned over coronavirus impact on supply from China: SIAM

SIAM said it will be collecting information and data from its members in the next couple of days to understand if there could be disruptions, and to what extent, if there are any

Auto sector slowdown to continue as demand unlikely to revive: Report

The 3 million-plus-units domestic auto industry has seen volume plunging over 16 per cent as of December-end 2019, with some of the segments performing even worse

We will change customer mindset on EVs: Tata Motors CEO Guenter Butschek

Our pavilion caters to both the product and the solution, with greater emphasis on electrification

Kia in talks with TN over moving $1.1 bn plant out of Andhra: Report

Kia inaugurated the Andhra plant, its first in the world's fifth-largest car market, in December after two years of construction

MG Motor to set up 2nd plant in India, aims to manufacture 100,000 cars

The company's current manufacturing facility in Halol (Gujarat), which it bought from General Motors, can roll out a maximum of one lakh units per annum

Push on EV, safe vehicles: Auto Expo begins, to open for public from Friday

The Auto Expo 2020 -- Motor Show, will have a select opening on Wednesday and it will formally open for the public from Friday

TVS reports 29% drop in domestic two-wheeler sales, exports grow 34%

The Company has also completed its transition for production to BS-VI compliant vehicles for domestic market, said the company

Lamborghini aims to maintain growth momentum in India despite slowdown woes

'We want to maintain the growth momentum in 2020', said Lamborghini India head Sharad Agarwal

Budget lacks immediate measures to revive ailing sector: Auto industry

The industry however lauded the government's initiative to increase customs duty on imported electric vehicles

Budget 2020 Wishlist: Here are the key challenges for automobile sector

Like the last quarter, firms will focus across its value chain to ensure smooth transition to BS-VI

To counter input costs, Maruti hikes select model prices by up to Rs 10,000

The price change varies across models and ranges up to 4.7 per cent (ex-showroom Delhi) and are effective from January, 27 2020, MSI said in a statement

Budget 2020: 'Overregulation' killing auto industry, says Rajiv Bajaj

Bajaj's remarks come against the backdrop of one of the most prolonged slowdowns plaguing India's automobile market, amid a slowing economy and dipping consumer confidence

Bajaj Auto takes huge lead over Eicher, Hero Motors in market cap

Hero's m-cap has fallen 25% and Eicher's by 5.2% in the same period. As a result, the m-cap of Hero is nearly half that of Bajaj

Auto component industry may end FY 2019-20 on negative note: ACMA

The auto component industry's turnover witnessed its worst-ever decline in the first half of the current financial year, leading to a job loss of around 1 lakh temporary workers till July this year