Page 9 - Carmakers

BMW drives in new trims of X5 with price starting at Rs 77.9 lakh

German luxury carmaker BMW on Monday said it has launched the new variants of its premium SUV X5

Electric carmaker Tesla pushes its full self-driving Beta v10, says report

This is a version that CEO Elon Musk called "mind-blowing"

Ford Motor to cease production in India, 4,000 jobs to be impacted

'The decision was reinforced by years of accumulated losses, persistent industry overcapacity and lack of expected growth in India's car market,' says Anurag Mehrotra, MD of Ford India

Maruti expects Sept production at 40% of normal output due to chip shortage

The usage of semiconductors in the auto industry has gone up globally in recent times

Semiconductor shortage may impact Aug-Sep automobile wholesales: Report

The shortage of such a crucial component has been impacting the automotive industry globally along with other industries, forcing them to cut down on production.

Chip shortage may spoil the party for carmakers this festive season

Once the festive season is in full cry, the wait may be extended to six to nine months, and even spill over to the next calendar year, say auto dealers

Tata Motors gets NCLT nod for hiving off PVs business into separate entity

The company's management has so far stated that it has not taken a decision on a partner.

The electric vehicle boom is pay-dirt for factory machinery makers

New electric vehicle factories, funded by investors who have snapped up newly public shares in companies such as EV start-up Lucid Group Inc are boosting demand.

Track car models turbo-charge sales for foreign car-makers

Mercedes-Benz, Ferrari, Porsche and Lamborghini are some marquee badges that have introduced track cars to excite hard-core customers who want to push their cars to the limit.

Citroën C5 Aircross is a comfy but pricey launch by the French car-maker

The C5 Aircross is a comfy but pricey launch by the French car-maker

Stricter emissions rules will hit car sales, says Maruti Suzuki chairman

Automakers last week urged the government to defer tougher emissions standards

Maruti reports 58% increase in July production at 1,70,719 units

The company had produced a total of 1,07,687 units in the year-ago period

Suzuki Motor expects 12.6% decline in operating profit this fiscal

Japanese automobile maker Suzuki Motor Corporation (SMC) on Thursday said it expects a 12.6 per cent decline in operating profit at 170 billion yen for this fiscal due to increase in raw material cost and R&D expenses, besides unclear outlook on the ongoing semiconductor shortage. Previously, the company did not issue any earnings guidance for the ongoing fiscal as it was "unable to rationally calculate the forecasts owing to the spread of the COVID-19 pandemic in the company's major market of India." "However, based on the latest situation and the trends in the company's operating results, we have determined the forecasts," SMC said in a statement. Accordingly, the company said it expects net sales to grow by 7 per cent year on year to 3,400 billion yen in the ongoing fiscal. SMC further said "as the outlook for semiconductor shortage is unclear, forecasts for the consolidated operating results" for the ongoing fiscal are "based on the assumption that the impact on plant ...

When the chips are down: Global shortage to keep crimping carmakers

BMW, Stellantis became latest carmakers to warn that global semiconductor chip shortage that has bedeviled the industry this year will drag on throughout 2021 and beyond

Indian carmakers renew bid to delay tougher fuel efficiency rules: Report

SIAM is expected to meet the transport minister on Tuesday to seek a one-year delay in complying with the rules, due to take effect from next April, said sources

Maruti Suzuki reports 50% increase in July sales at 1,62,462 units

The country's largest carmaker Maruti Suzuki India (MSI) on Sunday reported a 50 per cent increase in sales at 1,62,462 units in July.

Skoda to expand presence to100 cities in India by next month

Some of the new cities where the brand is making a foray include Sangli, Bhilwara, Faridabad, Panchkula, Navsari, Vapi and Hardoi, among others.

Maruti Suzuki plans Rs 18,000 cr investment for new Haryana plant: Report

Company chairman says state's policy reserving jobs in private companies is an 'issue to be sorted out'.

Maruti not moving jobs, investment from Haryana to Guj: Chairman

The company is maximising the efficiency of production at its two plants at Haryana and the parent Suzuki's Gujarat plant, keeping in mind the demand of its multiple models.

Maruti rolls out digital platform for car financing solutions to customers

The country's largest carmaker Maruti Suzuki India on Friday announced the nationwide roll-out of its digital platform that provides customers end-to-end online car financing solutions. The company, which had launched Maruti Suzuki Smart Finance in limited cities in December 2020, said it is now available across India for customers of both ARENA (mass market car retail chain) and NEXA (premium cars outlet). It has on-boarded 14 financiers, including HDFC Bank, ICICI Bank, Yes Bank, Axis Bank, State Bank of India, IndusInd Bank, Bank of Baroda, Mahindra Finance, and Sundaram Finance. MSI Senior Executive Director (Marketing & Sales) Shashank Srivastava said even before walking into a car dealership, most potential buyers already start their shopping process online -- browsing cars and finance options. Keeping in view the changing customer behaviour, the company had launched Maruti Suzuki Smart Finance, a digital platform that enables customers with an end-to-end online car ...