TVS Motor Co said it has produced 1 lakh bikes under its tie-up with the local unit of German automaker BMW in India. In July 2018, TVS Motor Co and BMW launched two BMW models — the naked style BMW G310R and BMW G310GS, priced around the Rs 3 lakh mark. This was the result […]
Mahindra & Mahindra manufactured 1,535 units and sold 1,370 units of its latest and most high-profile passenger vehicle, XUV700, in the first month of sales – September 2021. This is only 2% of the total outstanding booking for the vehicle. Its predecessor, XUV500, had sold 1,213 units in its first month of sales, in October […]
Mahindra & Mahindra today announced a new luxury variant for is recently unveiled XUV700 premium SUV diesel. The luxury variant, which will be available with both automatic transmission as well as manual transmission, will come with certain added features. These extra features include a new ‘immersive 3D sound” system by Sony, electrically deployed smart door […]
KPIT Technologies, an outsourced solutions provider primarily targeting automobile producers, said it has decided to boost investments in computer-controlled vehicle technology, given an increased demand from clients for such solutions. Most of the core aspects of vehicles on the road currently are controlled by mechanical methods, such as steering, suspension, braking and so on. However, […]
Tata Motors and Mahindra & Mahindra, the two primary home-grown auto makers in India, reported continued pick-up in the sales of heavy commercial vehicles, but their passenger vehicle sales showed a declining trend, though not as sharply as in case of market leader Maruti Suzuki. Passenger vehicle sales for M&M fell to 13,134 in September […]
Bajaj Auto has kicked off the auto sales data for September with a set of not-so-uplifting set of numbers, indicating a moderation in demand after a sharp rise in sales due to pent-up demand. The company’s two-wheeler sales in India were down 21% in September 2021, indicating that the uptrend in auto sales seen after […]
Mumbai-based Raymond Ltd said it has abandoned its two-year-old plan of splitting its garments, or lifestyle, business into a different company, and will instead focus on monetizing its engineering business. The company also said it will spin off its real estate business into a new company, but wholly owned by Raymond Ltd. In 2019, Raymond […]
Chennai-based TVS Motor Company said it has signed a distribution partnership with ETG Logistics, part of a prominent South African business group present in over 70 countries across Africa, South East Asia, the Indian Sub-Continent, Latin America and the Middle East. ETGL will operate 30 dealerships for TVS Motor Company in South Africa as part […]
Marurti Suzuki, India’s largest car maker, has warned customers not to drive their Ciaz, Ertiga, Vitara Brezza, S-Cross and XL6 models made between 4 May 2018 and 27 October 2020 over water-logged areas. The company said there is a fault in 1.82 lakh of these vehicles which can cause unexpected results if the customer drives […]
Mahindra & Mahindra said it will cut its automobile production this month by 20-25% due to a shortage of semiconductors. The company, like most producers, has been finding it difficult to source the chips required that carry out various functions within a car, such as controlling the engine/fuel flow, display boards and so on. “The […]
Mahindra & Mahindra, the second biggest home-grown automaker in India, reported a slow down in momentum in its August auto sales after reporting strong numbers for July. Overall sales of UVs fell to 15,786 in August from 20,797 in July. A similar deceleration was also seen in the commercial vehicles segment, as well as in […]
Mahindra & Mahindra’s efforts to spruce up its utility vehicle range and stick ‘closer to its DNA’ seems to be paying off, with the new Bolero Neo notching up a robust booking over 5,000 units within the first three weeks of its launch. The first model to be based on the new back-to-the-basics philosophy was […]
Bajaj Auto was able to beat TVS Motor Co in July two-wheeler sales, reporting a 39% jump compared to only 8% for the South India-based company. Bajaj Auto was able to beat TVS because of a doubling of export volumes in July to 1.74 lakh. In comparison, TVS Motor Co’s exports volumes in July rose […]
Mahindra & Mahindra, India’s second biggest home-grown auto brand, reported strong numbers for July that indicated that demand continues to be strong in the auto sector despite the interruption caused by the second wave of COVID-19. The company nearly doubled its total vehicle sales to 42,983 in July this year from 25,678 vehicles in July […]
Hero MotoCorp, the world’s largest two-wheeler maker by volumes, today announced the start of retail sales in Mexio, a key Latin American market. The company, which has a market share of almost 50% in India, said it has launched most of its popular motorcycles such as the Xpulse 200, Xpulse 200T, Hunk 190, Hunk 160R, […]
Tata Power, one of the country’s largest power generation and distribution companies, said it has signed an agreement to set up electric vehicle charging points at the petrol pumps operated by Hindustan Petroleum Corporation Ltd or HPCL. The two companies, however, did not disclose the estimated number of such charging stations that will be put […]
Talbros, one of India’s largest automobile components makers, reported a 16% increase in its full-year revenue for the year ended March, making it one of the few companies in India to report full-year growth. Full-year growth was made possible by a whopping 73% jump in revenues for the fourth and final quarter than ended in […]
Baba Kalyani, chairman and managing director of India’s largest forging and metal components manufacturer Bharat Forge, today expressed the opinion that the current economic setback on account of the second wave of COVID-19 is of a temporary nature. “The lock down in India to curtail the spread of Covid has clearly had an impact on […]
Hero MotoCorp, which announced a partnership with Taiwan-based battery swapping company Gogoro, said its new range of e-bikes with swapping technology will hit the Indian market next year, possibly as early as Jan-Mar. Niranjan Gupta, Chief Financial Officer at the world’s largest two-wheeler maker, said the company is working on bringing out electric bikes that […]
Mahindra Group said it has set up a automotive design center in the UK to help it come out with “sophisticated, authentic SUVs with an unmissable presence”. The group, home to India’s second-biggest home-growth automaker, said Mahindra Advanced Design Europe will further sharpen its “distinctive product designs and differentiated technology offerings” to further its connected […]
