Page 9 - Automotive Industry

We're reading too much into weak two-wheeler demand: Hero Moto exec

The optimism is in contrast with the dealers' confidence, which flagged the recovery in motorcycles and scooters "as an area of concern"

Passenger vehicle dispatches surge 21% in Aug on better chip supply, demand

Passenger vehicle wholesales in India witnessed a 21 per cent annual growth in August riding on improved supplies of semiconductors and festive demand, according to Society of Indian Automobile Manufacturers. As per the latest data released by industry body Society of Indian Automobile Manufacturers (SIAM), passenger vehicle (PV) dispatches to dealers stood at 2,81,210 units last month, against 2,32,224 units in August 2021. Similarly, total two-wheeler wholesales increased to 15,57,429 units last month, compared to 13,38,740 units in the year-ago period, a growth of 16 per cent. Total three-wheeler sales rose to 38,369 units last month against 23,606 units in August 2021, up 63 per cent. Sales across segments rose by 18 per cent to 18,77,072 units in August this year, from 15,94,573 units in the same month last year, SIAM said.

SoftBank, others in talks to lead $75-million funding in GoMechanic

"The conversations between the investors and GoMechanic are still going on and one of the investors has also shared the term sheet with the firm," said a person familiar with the development

Stock price of this automotive supplier firm has doubled in last 6 months

Shares of Schaeffler India soared 10 per cent to hit a new high in Monday's intra-day trade. The stock has surged 16 per cent in the last four days.

Is the stage set for an EV boom in India?

Electric vehicles are set to take India by storm. Foreign as well as domestic companies have lined up a host of variants. The stage is set for the electric vehicle revolution in India. Here's more

PM Modi to initiate event celebrating Suzuki's 40 years in India on Aug 28

PM Modi will lay foundation stone of two key projects in Gujarat's Gandhinagar, said the Prime Minister's Office

Amid demand for SUVs, Maruti launches new generation of small car Alto K10

New K10 will be sold alongside the Alto 800; it comes with both five-speed manual and automatic gear shift

What is Bharat NCAP rating for cars?

Our country also sees one of the maximum road accident deaths in the world. To bring it down, the government is going to implement Bharat NCAP from April 1, 2023. Let us know more about it

15th Electric Vehicle Technology Expo 2022: EVT Expo begins in Delhi

15th Electric Vehicle Technology Expo 2022: Details, When and Where you can Watch. Know everything about the Electric Vehicle Technology Expo 2022 scheduled in Delhi from August 5-7.

Vedanta keen to collaborate with auto sector to reduce aluminium imports

The company said it has been a long-time partner to the auto industry, developing product solutions perfectly tailored to their evolving needs.

June qtr PV sales overtake Q1FY19 volumes, two-wheeler sales lag

Entry-level cars, two-wheelers remain in slow lane; two-wheeler exports jump

TVS Motor to ride strong on profitability gains in FY23: Brokerages

Volume recovery, market-share gains, and EV plans are other triggers

Craftsman Automation rallies 6%, hits 8-month high on improved outlook

The company expects sustained improvement in business performance over the medium term driven by the recovery in offtake from automobile sector.

Loaded with edgy presence and power, BMW X4 stands tall in its portfolio

The BMW X4, which picks up where the X3 left off, offers sportive handling, punchy acceleration as well as top-quality interiors

EV maker Rivian's deliveries nearly quadruple as it ramps up production

The company also said on Wednesday it was on track to meet its annual production target of 25,000 units after output jumped 72% sequentially to 4,401 vehicles in the quarter

Kia India records highest-ever monthly sales of 24,024 units in June

Kia India on Friday reported its highest ever monthly wholesales at 24,024 units in June, registering 60 per cent jump over the year-ago period. The automaker had dispatched 15,015 units to dealers in June 2021. The company said it has crossed the one lakh sales mark in the first six months of 2022, dispatching 1,21,808 units in the domestic market. In June, Seltos and Carens remained the top contributors to Kia's overall sales with 8,388 and 7,895 units, respectively. Sonet and Carnival contributed 7,455 and 285 units. "The immense love we are getting from the people of India is the result of the strong foundation of Kia in the country, backed by extensive research and customer-centricity. "Despite the global supply chain constraints, we are still managing to achieve milestones in record time," Kia India Vice President & Head of Sales and Marketing Hardeep Singh Brar said in a statement. The company is well aware of the growing waiting period on model range and it is taking ...

Maruti looks to regain market share in SUV segment with 4 new models

Cars will be across all price segments in a market where company's rivals have lead

myTVS launches 'super app' offering range of aftermarket car services

The app can be used for car sales and leasing as well; membership costs Rs 4,999 for a three-year subscription

BNCAP decoded: Why new car safety ratings are important for India

BNCAP is the India equivalent of the Global New Car Assessment Programme (GNCAP)

Ford India denies talks with Taiwan's Foxconn for selling Chennai unit

Automobile firm is finalising a severance package with 2,000 employees working at the factory