Global wholesales of Tata Motors Group, including Jaguar Land Rover, declined 5% in March this year. The group sold 1.45 lakh vehicles during the month. Last week, Tata Motors had announced that its domestic retail sales had dropped by 1%, or 700 units, to 68,709 owing to ‘weaker consumer sentiments’. In the wholesale numbers, commercial […]
Two-wheeler maker TVS motors said that it launched four new products in Bangladesh: Apache RTR 160 4V single disc, TVS Max 125, TVS Metro 100cc motorcycle, and utility vehicle TVS XL100 Heavy Duty. Bangladesh is one of the key export markets for TVS Motors. It distributes its two-wheelers through TVS Auto Bangladesh across the country. […]
Two-wheeler maker TVS Motors on Wednesday said it has sold 1 lakh units of TVS Radeon within seven months of the launch of the 110cc commuter motorcycle, or close to 15,000 motorcycles per month. The bike, a potential rival to Hero Splendor and Honda Yuga, was launched in August at a starting price of Rs […]
Maruti Suzuki, India’s largest auto maker, reported a decline in its monthly sales for the second consecutive month in March, as exports fell by 12.9% and domestic market sales fell by 0.7%. Total vehicle sales, including exports, were down 1.6% at 1.58 lakh units compared to the 1.60 lakh units sold in March 2018. Total […]
Tata Motors UK unit Jaguar Land Rover expressed disappointment over the move by credit rating agency S&P to downgrade its debt rating, and promised better results for the ongoing quarter. “The company is disappointed by S&P’s decision to downgrade Jaguar Land Rover now. “The company reaffirms that it expects improved financial results in the fourth […]
Bajaj Auto, one of India’s biggest motorcycle makers, could potentially exit KTM, the premium bike brand from Austria. According to a statement by KTM Industries AG, the parent company of KTM, Bajaj is in talks to sell its minority stake in KTM back to the European parent. Bajaj had stepped in as a white knight […]
Amid reports that the two-wheeler industry in India is bracing for production cuts to deal with a dip in demand, Bajaj Auto, one of India’s biggest motorcycle maker, said it is not curtailing production as of now. Bajaj Auto MD Rajiv Bajaj said the company does not feel a need to cut production at present. […]
Veteran industrialist Rahul Bajaj has stepped down as the chairman and non-Executive director of investment firm Bajaj Holdings and Investment, and his cousin Niraj Bajaj has been appointed as the new non-executive chairman with effect from May 18. “Rahul Bajaj, vide his letter dated February 15, 2019, has tendered his resignation as the non-executive director […]
The global wholesales of Tata Motors Group, including Jaguar Land Rover, declined 9% in February this year. The group sold 1,10,262 units of vehicles last month, Tata Motors said in a statement. Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range in February this year were at 84, 512 numbers, lower by […]
Commercial vehicle maker Ashok Leyland said it received an order from Gujarat State Roadways Corporation for 1,290 buses. The latest order comes less than two months after the company bagged orders for 2,580 buses from Institute of Road Transport, Chennai, Uttar Pradesh State Roadways Transport Corporation and Chandigarh Transport Undertaking. “With this booking, our order […]
India’s largest car maker Maruti Suzuki India Ltd launched WagonR S (Smart)-CNG, with 26% more mileage than the existing model. The CNG powered WagonR, with its 1-litre engine, will offer a mileage of 33.54km/kg, the company said. With CNG priced at Rs 44.70 per kg, that works out to a fuel cost of only just […]
Tata Motors’ newly launched SUV, Tata Harrier, sold around 1,600 units in the very first month since its launch on January 23. The company had sold 420 units of the SUV in the first ten days. Harrier, the company’s latest attempt to crack the SUV market after models like Safari, Hexa and Aria, is also […]
CARE Ratings has cut the rating on Rs 11,400 cr of bank and debenture financing availed by Tata Motors due to poor financial performance and high product development costs at the company’s UK subsidiary. It cut the rating on Tata Motors’ long-term bank facilities and non-convertible debentures to AA from AA+. CARE said the cut […]
Tata Motors reported a 5% decline in its commercial vehicle sales in India for the month of February, while passenger vehicle sales were up 2% for the month. More worryingly, most of the loss in volume were in high-value items, such as medium and heavy trucks (down 18%) and commercial passenger vehicles (also down 18%). […]
Commercial vehicle maker Ashok Leyland reported a 2% drop in sales of medium and heavy commercial vehicle domestic sales for February as the Indian auto industry grapples with an overall slowdown.However, a 9% jump in the light commercial vehicle segment supported overall volumes, helping the automaker post a 1% increase in its total domestic sales […]
Mahindra & Mahindra received a much needed boost in February with the launch of the moderately priced XUV300 compact SUV. The company, which had reported zero growth in its SUV sales in January, was able to post a jump of 3,372 in its total UV sales for the month of February. Total UV sales jumped […]
Maruti Suzuki, India’s largest auto maker, reported a marginal decline in its February 2018 sales, as exports fell 20% and domestic market sales rose 0.9%. Total vehicle sales, including exports, were down 0.8% at 149 lakh compared to February 2018. The monthly performance is largely similar to what was seen in January, when domestic market […]
Bajaj Auto, the country’s biggest two-wheeler exporter, reported a jump of 16% in its February exports, and an increase of 6% in domestic sales. Overall, the company’s total sales for the month were up 10%. Bajaj Auto sold 1.87 lakh motorcycles in India during February, and exported 1.41 lakh. The performance is well below what […]
Escorts, one of India’s biggest tractor makers, reported a 12% jump in its unit sales in February. The company sold 7,240 tractors in February this year, versus 6,462 last year, including exports. Exports nearly doubled to 322 this year from 167 last year. Sales of tractors within India increased by 10% to 6,295, which is […]
Maruti Suzuki today revealed more details about IGNIS 2019, the latest version of its small car targeted at millennials. The car has been in the news for the last two days after it was spotted at dealerships over the weekend. India’s largest carmaker said the new version of IGNIS, a car that has not exactly […]
