Tata Motors reported very strong auto sales for January, with passenger vehicle volumes up 55% and commercial vehicle sales up 38%. A large chunk of the gain came from the sales of small commercial vehicles. The company’s passenger vehicle sales in India were at 20,055 units for the month as against 12,907 units last year. […]
Mahindra & Mahindra reported a 32% jump in its auto sales January 2018 to 52,048 vehicles, boosted by strong sales of commercial vehicles. The Passenger Vehicles segment, which includes SUVs, Cars and Vans, sold 23,686 vehicles in January 2018, as against 20,169 vehicles during January 2017, registering a growth of 17%. In the Medium and […]
India’s largest carmaker Maruti Suzuki India said it sold a total of 1.51 lakh vehicles in January 2018, up 4.8% over the same period of last fiscal. The overall growth rate, and that seen in individual segments, is below the average for the year so far. It had been reporting growth of around 14% so […]
Hero MotoCorp unveiled what it called an advanced, premium motorcycle in the form of Xtreme 200, something that the company said is the result of research at its Center of Innovation and Technology at Jaipur. The Xtreme 200R, which will likely be priced in the ‘affordable premium’ category of around Rs 1.25 lakh, will start […]
Two- and three-wheeler maker TVS Motor Company reported strong top line growth for the Oct-Dec quarter riding on robust sales of its two-wheelers, but net profit growth failed to keep up due to higher taxes. The company’s third quarter revenue increased 23.5% on year to Rs 3684.95 crores, while net profit rose 16.3% to Rs […]
India’s largest carmaker Maruti Suzuki reported a 14% increase in net sales for the third quarter, but net profit increased by only 3% due to a rise in tax expenses and investment losses. Operating profit rose 22% on year. Higher “tax rates and lower non-operating income due to mark-to-market impact on the invested surplus” were […]
Shriram Transport Finance Company said it has decided to sell a majority stake in its vehicle auction company Shriram Automall to Cartrade.com to create what it called India’s leading used vehicle platform. CarTrade, owned by MXC Solutions India, will acquire majority stake in Shriram Automall India Limited (SAMIL), India’s offline auction platform for pre-owned vehicles […]
Bharat Forge, India’s largest exporter of auto components, said it opened a research and development facility at MIRA Technology Park in the UK to design powertrain solutions for Electric Vehicles. The powertrain refers to components such as the transmission that converts the engine’s power into movement. So far, much of the research on EVs were […]
Ashok Leyland, the auto arm of the Hinduja Group said it signed a Letter of Intent (LoI) with Phinergy, an Israel-based company that is developing Aluminium Air batteries for long-range vehicles. Unlike lithium ion batteries, which need to be recharged after 200-500 km, a vehicle that uses aluminum air battery can run for several thousand […]
Maruti Suzuki, India’s largest carmaker, said it has raised the prices of its models by Rs 1,700 to Rs 17,000. The cheapest models, such as Alto, will see the lowest increase in price and the most expensive models, such as the Vitara Brezza, will see the highest increase. The prices have been raised “owing to […]
The Tata Motors Group global wholesales in December 2017, including Jaguar Land Rover, rose 23% to 1.17 lakh. In November, it had risen 22% to 1.12 lakh and and by 2.7% to 1.04 lakh in October. Wholesales of commercial vehicles rose 53% in December to 47,182, compared to 51% in November to 40,845. In October, […]
As part of its efforts to set up a city-wide network of electric vehicle charging stations, Tata Power announced that it has set up two more electric vehicle charging stations in Mumbai, its first on third-party compounds. The two charging stations have been set up at two of the most popular malls in the city […]
The Indian government has awarded all the contracts under the India-Myanmar-Thailand highway over the last three months and the highway is likely to be ready in three years, the external affairs ministry said. “Government of India is implementing two projects as part of Trilateral Highway between India, Myanmar and Thailand. These are construction of 69 […]
The country’s largest car maker Maruti Suzuki India reported 10.3% increase in its auto sales for December, slightly slower than the 14.1 percent reported for November. The total sales was at 1.30 lakh units compared to 1.55 lakh in November and 1.18 lakh in the same month last year. The company’s domestic sales stood at […]
Maruti Suzuki India Limited said it entered into an agreement with the Government of NCT of Delhi to set up Driving Test Centres in 12 locations in the city. In the first phase, these Automated Driving Test Centres will be set up at Hauz Khas, Shakur Basti, Raja Garden, Hari Nagar, Burari, Loni Road, Sarai […]
Hero MotoCorp, the world’s largest two-wheeler manufacturer, said it will increase the price of its motorcycles by an average of Rs 400 each from January 1. This is being done to “partially off-set the rising input costs,” it said. However, cheaper models are likely to see a lower increase and higher-end models are likely to […]
Amara Raja Batteries Ltd said it has inaugurated the first phase of its two-wheeler battery plant in Chittoor with a capacity of 5 mln units per year. Before this, the company had a capacity of only 12 mln two-wheeler batteries per year. The new plant will have an ultimate capacity of 17 mn units with […]
FICCI’s latest quarterly survey on Manufacturing indicates a pause in the steady improvement seen in optimism on quarterly production levels. The percentage of respondents expecting production in the current quarter (Oct-Dec) to be higher than last quarter fell to 47% from 50% three months ago. It is among the lowest scores in the last two-and-a-half […]
Tata Motors today announced that the Company would be increasing prices of its entire passenger vehicles range by up to Rs 25,000, starting January 2018. The company attributed the increase in price is to “rising input costs.” “The changing market conditions, rising input costs and various external economic factors have compelled us to consider the […]
The Tata Motors Group global wholesales in November 2017, including Jaguar Land Rover, rose 22% to 1.12 lakh. In October, it had risen 2.7% to 1.04 lakh and by 14% in September to 1,16,419. Wholesales of commercial vehicles rose 51% to 40,845. In October, it had risen 1.3% to 37,400. Wholesales of passenger vehicles rose […]
