Page 11 - Carmakers

BMW launches contactless vehicle service initiative for customers in India

As per the initiative, customers can select the required type of service, choose a convenient date and time slot along with the nearest BMW workshop.

Local lockdowns to dent automobile month-on-month wholesale numbers

In May inquiries were significantly lower than normal levels, except in 'Tractors': Report

Lockdowns drag down vehicle registration to 9-month low in April: FADA

Development derails the recovery that had begun in June 2020

Mahindra Group to open MADE, a design centre for mobility products in UK

The firm will be the second from India to enter UK for designing cars and SUVs, after Tata Motors set up the European Technical Centre in Coventry in 2005

Maruti Suzuki may halve production capacity as lockdowns hit sales

Maruti isn't the only carmaker feeling the pain

April auto sales show impact of coronavirus lockdowns, says report

The lockdowns have put the brakes on the recovery of the sector

Covid: Amid localised lockdowns, auto firms log subdued sales in April

Major automobile manufacturers Maruti Suzuki, Hyundai Motor, Tata Motors and Kia on Saturday reported a decline in passenger vehicle sales in April compared to March this year as the second wave of the coronavirus pandemic hit dispatches. However, Mahindra & Mahindra along with Honda Cars India posted sequential growth in their passenger vehicle sales last month. Sales in April this year are not comparable with that of the corresponding month a year ago as companies had reported zero sales due to the nationwide lockdown imposed to curb the outbreak of the COVID-19 pandemic in the country. The country's largest carmaker Maruti Suzuki India (MSI) reported a 4 per cent decline in total sales to 1,59,691 units in April as compared to 1,67,014 units in March this year. Similarly, Hyundai Motor India Ltd (HMIL) posted total sales of 59,203 units in April 2021, a decline of 8 per cent from 64,621 units it had sold in March this year. HMIL Director (Sales, Marketing and Service) Tarun ...

Honda Cars posts 28% rise in domestic sales in April over March

Honda Cars India on Saturday reported a 28 per cent increase in its domestic sales to 9,072 units last month as compared to 7,103 units in March this year. The company said it has exported 970 units in April. "The current health calamity has struck the entire nation and at this time nothing is more important than the health and well-being of our countrymen. Of course, it has had an impact on the business and deliveries in the marketplace," Honda Cars India Senior Vice President and Director (Marketing & Sales) Rajesh Goel said in a statement. Many parts of the country have been on safety-related lockdowns in the last couple of weeks and the industry may see this continuing in May as well, he noted. "We are working closely with all our stakeholders and assisting in every possible way to tide through this situation," Goel noted.

Covid impact: Maruti Suzuki total sales decline 4% in April

The country's largest carmaker sold 159,691 units in April as compared to 167,014 units in March

Tata Motors sales slump 41% to 39,530 units in April against March

The firm sold 66,609 vehicles in March this year.

Second Covid-19 wave may pose downside risk to domestic auto demand: Report

The second wave of Covid-19 could pose downside risks to the domestic auto industry demand in the near term: report

China, global economic recovery boost profit at automaker Daimler

German car and truck maker Daimler AG says net profit rebounded strongly to 4.4 billion euros (USD 5.3 billion) in the first three months of the year

Honda aims for 100% electric vehicles by 2040, says new CEO Mibe

Mibe said Honda will invest a total of about 5 trillion yen ($46.3 billion) in research and development initiatives

Electric carmaker Tesla's bad week in China was months in the making

Sentiment against the U.S. electric car company in its second-biggest market had been building as it struggled to keep pace with rapid growth

Hyundai Q1 profit triples, to adjust May production due to chip shortage

Hyundai Q1 profit triples, to adjust May production due to chip shortage

Dispatched over 720,000 units via Indian railways in last 5 years: Maruti

The increased focus on using railways has helped the company offset over 3,200 MT of CO2 emissions

Chip shortage casts shadow over China's automobile industry recovery

Chip shortage casts shadow over China's auto industry recovery

Scandal-hit Toshiba bid to test Japan's corporate governance rules

Toshiba has been hit by a succession of accounting and other scandals

Weak product cycle could lead to further market share loss for Maruti

Higher commodity prices could worsen its margin profile

Volkswagen reaches 23-month wage deal with German workers' union

The workers will get a 2.3 per cent wage increase from January 2022