Car Manufacturer

Volkswagen doubles down on cost cuts to try to revive profit margins

The German group is further reducing production capacity, cutting costs and changing software spending following its investment in electric vehicle maker Rivian

Utility vehicles log 50% higher exports in May over low base: Siam

The export growth has been led by companies like Hyundai Motor India Ltd (HMIL), Honda Cars India, and Volkswagen India, the data showed.

Only 38% of Fame 2 subsidy used so far in FY24, shows govt data

In 2023-24, according to MHI, the budgeted allocation was Rs 5,171.97 crore

Lamborghini topped 10,000 sales last year for first time: CEO Winkelmann

The carmaker, a subsidiary of Germany's Volkswagen , delivered a total of 10,112 sports cars and SUVs last year, up from over 9,200 vehicles in 2022, a slide attached to Winkelmann's post showed

From chip makers to car cos, global firms flocking to Gujarat: Officials

Though Gujarat has only about six per cent of India's geographical area and nearly five per cent of the population, the state has become an engine of the country's development with world-renowned firms coming here for business, according to officials. As per the official website of the Vibrant Gujarat Global Summit (VGGS), the state has over 200 industrial estates with close to 100 private industrial parks. The 10th edition of VGGS, the state's biennial investors' meet, is scheduled to be held next month in the capital Gandhinagar. To further strengthen sector-specific investments and infrastructure, the state has also announced several sector-specific industrial parks, said the website. I have always said that the development of the country depends on the development of Gujarat. The world's largest multinational companies, including 100-plus Fortune 500 global companies, are operating in the state. These include Suzuki, Honda, Hitachi, Toyota, and many more" said Prime Minister ..

Govt 'very hopeful' of Tesla setting up plant in state: Guj Minister

Gujarat Minister Rushikesh Patel on Thursday said his government was "very hopeful" that Elon Musk-led Tesla will choose the state to set up a plant and informed communication was on with the firm in this regard. Patel was responding to queries based on news reports suggesting that the US-based electric vehicle maker was planning to set up a manufacturing plant in Gujarat. "The state government is very hopeful of Tesla coming to Gujarat. Even Elon Musk is looking at Gujarat as his first choice. Gujarat is in his mind ever since he began a survey in India to find a suitable location to set up the plant," said Patel, who is health minister and spokesperson of the state government. "Perhaps, very soon, an official announcement will be made in this regard (Tesla's entry. Let us hope Tesla comes to Gujarat. We will definitely welcome it and provide all necessary support, just like we gave Tata, Ford and Suzuki in the past," Patel told reporters in Gandhinagar. Patel said communication .

Revitalising FDI

India will need to increase its appeal

Govt to pump in additional Rs 1,500 crore for FAME-II subsidy scheme

The MHI was allocated Rs 5,127 crore for the current financial year - the highest since the Rs 10,000-crore scheme was launched in 2019

Jeep likely to drive in petrol options for its entire Indian portfolio

India is the only country outside North America where Jeep makes four models locally, and also exports to other right-hand-drive markets around the world

Honda Elevate open for pre-launch bookings in India: Know features, specs

Developed as an 'Urban Freestyler', the Honda Elevate will be powered by a 1.5L i-VTEC DOHC petrol engine

Mercedes Benz to roll out EQS 580 from Sept 30; here's what to expect

EQS 580 will be offered with a dual-motor set-up, one on each axle. It develops 516 bhp and 856 Nm of peak torque and is paired with a 4Matic all-wheel-drive system.

Makers of safety-critical parts on capex drive to get set for new rules

Not much gain for seat belts, which are a standard feature in several vehicles; but the airbag rule--as and when it takes effect--will have a multiplier effect on safety-critical components

Mahindra to unveil Scorpio Classic's price tomorrow; check details here

According to a media report, the new and updated SUV comes with a restyled front bumper, Mahindra's 'twin-peaks' logo, and new LED DRLs

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

Chip crunch to hit Renault 2021 production harder than forecast

Renault's production losses in 2021 due to a global semiconductor shortage will be far larger than previously forecast, the French carmaker said on Friday, though it maintained its profit outlook help

Chip shortage: Maruti Suzuki reports 8% dip in production in August

Maruti Suzuki India on Wednesday said its total production in August declined by 8 per cent on a yearly basis to 1,13,937 units as semiconductor shortage impacted its manufacturing schedules.

Ampere Electric to spend Rs 700 cr on e-mobility plant in Tamil Nadu

Spread over 1.4 mn sq ft, the proposed plant at Ranipet near Chennai will have a manufacturing capacity of 100,000 units initially

Riding out the Covid-19 crisis: Auto shows pick-up signs in rural India

Maruti Suzuki India, the country's largest carmaker, on Wednesday reported a 53.8 per cent year-on-year decline in domestic passenger vehicle sales to 51,274 units in June due to Covid-19 crisis

Auto sector woes may intensify under stringent lockdown in Tamil Nadu

Companies start booking accommodation in hotels, college hostels and wedding halls near the factory for their workers and vendors, in order to keep the show going

MG Motor India to enter multi-purpose vehicle segment with Hector Plus

The company plans to hire about 200 associates for its Halol plant to ramp up overall production to pre-Covid-19 level