Page 3 - Car Makers

Rising battery prices threaten to derail arrival of affordable EVs

There are several factors driving the uptick in prices, but the single most important one is rising costs for materials including cobalt, nickel and lithium

How feasible are Rolls-Royce and easyJet's hydrogen engines for planes?

Rolls-Royce and easyJet said that they have successfully run an aircraft engine using green hydrogen created by wind and tidal power

Smart fasteners are not just nuts and bolts

In auto sector adhesive tapes used for attaching components in unique ways allow carmakers to experiment with designs, since they are no longer bound by linear needs of traditional metallic fasteners

Kia India profit down 25% in FY22 as tax outgo slams the brakes

Kia is one of the few unlisted global carmakers in India that saw a contraction in profits

Hatchback sales lose momentum in India due to changing consumer preference

Hatchbacks like WagonR and Alto have seen a decline during the past few years due to changing consumer preference

BMW India turns the corner, reports profit in FY22 due to high demand

The company posted its highest-ever revenue in India in FY22 at Rs 4,365.8 crore

French car maker Renault splits in five businesses to boost profit

Renault said it targeted operating margins of 8 per cent for 2025 and rising to more than 10 per cent in 2030, from 5 per cent expected this year

Mercedes-Benz India records Rs 441-cr PAT in FY23 after two years of losses

Luxury carmaker Mercedes-Benz India recorded a profit after tax of Rs 441.4 crore in the fiscal ended March 31, 2022, after two years of losses, according to financial data accessed by business intelligence platform Tofler. The company, which is not a publicly listed entity, had posted a loss after tax of Rs 107.1 crore and Rs 86.5 crore in 2020-21 and 2019-20 respectively. Revenue from operations in FY22 were at Rs 6,188.5 crore. This was the company's highest revenue after FY19 when it had clocked Rs 6,314.3 crore with a profit after tax of Rs 311.4 crore. In the fiscal ended March 31, 2021, the company's revenue from operations had dipped to Rs 3,639 crore with the pandemic impacting vehicle sales. In FY20, the company's revenue from operations was at Rs 4,819 crore, as per the Tofler data. Mercedes-Benz India's operating revenue in the year ended March 31, 2018 was at Rs 6,077.9 crore and it had posted a profit after tax of Rs 306.6 crore. In terms of unit volume sales, ...

Chinese carmaker BYD drives into Indian e-SUV segment with Atto 3

Atto 3 can be charged from 0 per cent to 80 per cent within 50 minutes, and it has a range of 521 km. It can reach 0 to 100 km/h acceleration in 7.3 seconds

Indian car makers propose tax cut on imports in trade deal with Britain

Indian car makers have proposed cutting to 30% the tax rate on imported cars as part of a trade deal with Britain

MG Motor retail sales increase by 17% in September 2022 to 3,808 units

MG Motor India on Saturday said its retail sales increased by 17 per cent to 3,808 units in September. The automaker had sold 3,241 units in September 2021. "The waiting period continues to be 3-6 months across models impacted by supply chain constraints," MG Motor said in a statement. The company stated that its models like Gloster, ZS EV, Hector and Astor continue to do well in the market. "However, the semiconductor availability issue persists, limiting MG to supply only the Astor MT (manual transmission) model for the time being," it added. The company is hopeful about commencing deliveries of the Astor automatic variants soon, it noted.

Charge of the sodium-ion brigade: How India can power e-mobility industry

India could well emerge as a global hub for manufacturing sodium-ion batteries, which is seen as an alternative or complementary technology to the more expensive lithium ion-powered batteries.

Santosh Iyer to lead Mercedes in India as Martin Shwenk moves to Thailand

Youngest and first Indian to be appointed for the top job

BYD to launch e-SUV in India; here's a list of its most sought-after models

BYD has been selling the E6 MPV in the Indian market since 2021. Since its launch last year, BYD has sold 400 units of the E6

Tata Motors comes out with a SUV teaser; here's what you can expect

According to leaked images, the upcoming Tata Motors SUV may come with minor exterior upgrades and new features

Right to repair: Delhi's cellphone and auto markets cautiously optimistic

Now, as the Centre seeks to come out with a framework on 'Right to Repair' to facilitate self or third-party repair of products, chances are that new products will be available in the open market

Budget should aim long-term holistic growth for auto industry: Mercedes

The company retailed 11,242 units in 2021, a growth of 42.5 per cent over 7,893 units in 2020

Renault SA, Nissan Motor outline $26-billion electric vehicle plan

The funds will be spent over five years to roll out 35 new battery-powered cars

Tesla recalls over 475,000 US cars on technical defects: Report

Tesla is also recalling as many as 119,009 Model S cars assembled from 2014 because of a faulty front-trunk latch

Volvo to raise prices of select car models in India from January 1

As with the rest of the Indian auto industry, Volvo Car has also been impacted by rising input costs, the firm's MD said