BUSINESS
Italian bike brand Benelli revs up for a revamped ride in India
Starting January, Benelli intends to launch one product every month till August. The company will also open more than one dealership per week till the end of March. This will take the total dealership count to 50 from 34 now, with most coming up in Tier-2 and Tier 3 locations.
BUSINESS
With auto companies on song, be prepared to shell out more in 2021
Automakers across the board are expected to hike prices of their vehicles to cope with rising costs, especially raw material costs, and boost bottomlines
BUSINESS
Take a look at the discounts carmakers have rolled out in December
It’s that time of the year again, when car makers dole out discounts in an effort to get rid of stocks and start the New Year with a clean slate. This year’s discounts are, however, lower than those offered this Diwali and last December. In December 2019, companies were keen to get rid of Bharat Stage IV stocks
BUSINESS
Daimler to launch India's first electric truck
While several commercial vehicle makers have launched fully electric buses on Indian roads, no manufacturer has shown interest in launching electric trucks. If it succeeds, Daimler will have the first mover’s advantage. The company says it will detail the plan at its Future Mobility event next year
BUSINESS
Karnataka Labour Department declares Toyota Kirloskar worker strike and company lockout illegal
On November 13, TKM had suspended 39 members of the union, who, it alleges, were involved in acts of misconduct. They were placed under suspension, pending enquiry. Prior to this, Toyota had declared a lockout at both its plants, located in Bidadi, Karnataka, after the workers called a strike following the suspension of the union’s treasurer early in November
BUSINESS
This week in Auto: Auto demand improving but can production keep up?
Here is the list of all the important events that occurred in the auto sector this week
BUSINESS
Tractor industry headed for a bumper finish, set to record best-ever sales
The ongoing protests by farmers, however, could disrupt sales in December. Currently, tractor sales are on track to go past the lifetime record set in 2018. Sales between January and November 2020 stood at 7.4 lakh, whereas the industry ended 2018 with sales of 7.9 lakh tractors
BUSINESS
Revenge travel picks up in India; resorts, hotels beat some COVID-19 blues
As people travel compulsively to beat lockdown boredom, resort properties see a surge in demand. Experts say during weekends, occupancy rates are as high as 80%. Jaipur, Goa, and Kochi top most popular leisure destinations.
BUSINESS
This week in Auto: Kia Sonet bookings skyrocket to 50,000; Nissan’s last-ditch effort for India
Here is a look at all the important developments in the auto space this week
BUSINESS
India plans one EV charging station every 25 km. But will private players come to the party?
The move comes as a shot in the arm for EV manufacturers as well as EV buyers, most of whom are concerned about the lack of charging infrastructure. However, the proposal has not overly enthused private charging infrastructure companies. Read on to find out why
BUSINESS
Blaming uncertain conditions, JK Tyre says it will not spend even a rupee on capex in FY21
JK Tyre is the latest company to defer capital expenditure. A dozen or so companies have already slashed their capex for the year, with Bharat Forge bringing it down to zero
BUSINESS
Ather launches buyback programme, slashes prices of 450+ by Rs 9,000
This is the first time an electric two-wheeler company has launched a buyback programme in India
BUSINESS
INS Vagir: Indian Navy to get fifth Scorpene-class submarine from Mazagon Dock in six months
The PSU believes it can complete deliveries of all the contracted submarines by 2022, with the last of the six, INS Vagsheer, expected to be launched by then.
BUSINESS
This week in Auto: Demand pick up dashes hopes of GST cut
Here is a complete look at all the major developments in the automotive space this week
BUSINESS
Exclusive: Hyundai SUVs overtake its hatchbacks for the first time
Venue and Creta, aided by small numbers of Kona and Tucson, Hyundai’s SUVs, have clocked total domestic sales of 75,310 units between April-September 2020, against 69,261 units in the same period last year.
BUSINESS
It’s raining discounts as carmakers chase buyers during festive season
Cash discounts, exchange bonuses, extended warranties, lower interest rates, free accessories and discounted annual maintenance contracts are all there. Carmakers are offering them across segments and models. Some schemes already on, others will start on Oct 16.
BUSINESS
Scooter share hits multi-year low as urban lockdown cripples demand
Though the launch of the Honda Activa, India’s highest-selling scooter, took place nearly 20 years ago, scooters largely have remained an urban phenomenon
BUSINESS
Bharat vs India: Tractor sales in 2020 could become the best-ever in a year; car, CV segments still in the red
Tractor Manufacturers Association attributes growth to better agricultural harvest, government’s rural development schemes, higher MSP. Manufacturers are now expecting sales in the rest of the year to surpass even the 2018 figures, making it the best in a year so far.
BUSINESS
Exclusive: In 3 years, Aprilia to get into 300-cc bike category, says Piaggio Vehicles CMD Diego Graffi
Diego Graffi, chairman and managing director, Piaggio Vehicles, said that the ‘affordable premium’ segment of motorcycles, having engines up to 350cc has been growing. Aprilia also sells 1,000cc superbikes in India in limited numbers.
BUSINESS
This week in Auto: Banks unwilling to lend to two-wheeler buyers over default fears
Here is a brief on all the important developments in the auto space this week.
BUSINESS
Why Honda is proceeding with caution even as demand picks up in run-up to festive season
The company is not building up inventory in anticipation of higher demand during the festive season, something that the rest of the industry seems to be doing.
BUSINESS
Hotel occupancies show a spike in August as lockdown restrictions are lifted
STR, a global data intelligence gathering company, says Mumbai and Delhi recorded more than 30 percent occupancy during the month, compared to less than 10 percent occupancy during April-May. Leisure destinations like Rajasthan, Punjab, Karnataka, Goa and Kochi also witness a surge.
BUSINESS
India zooms past China to become Hyundai’s biggest production centre outside Korea
China has the Korean company’s biggest plants outside Korea and twice the capacity here. India has also become the largest overseas market for Hyundai in total sales globally
BUSINESS
This Week in Auto: Car sales up in September, but two-wheeler sales not on same trend
Here is a look at all the major developments in the automotive space this week
