BUSINESS
Ashok Leyland expects volume boost in H2 from GST cut, govt spend on infra
The Chennai-based Hinduja Group flagship has ramped up its plant utilization rate
BUSINESS
Both Tata Motors companies can now chart their own growth: N Chandrasekaran
Tata Motors announced demerger of its passenger, commercial vehicles businesses into two listed firms in March 2024
BUSINESS
Bajaj to tweak KTM, Triumph range to meet GST benefits
The GST cut favoured Royal Enfield, as more than 85% of its sales are derived from such models. Models of other manufacturers, like KTM, Triumph and Harley-Davidson, produced by Bajaj Auto and Hero MotorCorp, found themselves on the wrong side of the divide.
BUSINESS
GST cut-fueled festive fever saw one car sold every two seconds
Nearly 767,000 passenger vehicles (cars, sport utility vehicles, and vans) and 4.05 million two-wheelers (motorcycles, scooters, and mopeds) were sold during the period, averaging 18,261 PVs and 96,500 two-wheelers per day.
BUSINESS
Police remarks and viral hit-and-run footage put spotlight on Mahindra Thar’s brand image
Experts caution against reverse profiling, national road safety data not model-specific.
AUTOMOBILE
Bajaj Auto evaluates shifting KTM production to India
A senior Bajaj Auto official told Moneycontrol on Friday that the company is readying a three-pronged turnaround plan for the revival of KTM, where it has plans to inject Euro 800 million (around Rs 8,200 crore).
BUSINESS
GST cut-fueled festive fever saw one car sold every two seconds
Nearly 767,000 passenger vehicles (cars, sport utility vehicles, and vans) and 4.05 million two-wheelers (motorcycles, scooters, and mopeds) were sold during the period, averaging 18,261 PVs and 96,500 two-wheelers per day.
BUSINESS
Oberoi Hotels plans French-style café outlet Cou Cou pan-India
Cou Cou is the first-of-its-kind, stand-alone food and beverage eatery from the Oberoi Group.
BUSINESS
Covid-19 delivers body blow to new hotel projects
Hospitality projects have been delayed, deferred or put on hold across the board. In 2020, just 4,537 keys entered the branded hotel space, far lower than the pre-pandemic projection of 15,000 keys.
BUSINESS
Greaves Cotton revs up EV focus, eyes investor funding by first half of FY23
Tata Motors recently raised $1 billion from a TPG-led consortium, fuelling a rush by others to raise funds
TECHNOLOGY
Skoda unveils Slavia sedan, launch by June 2022
Bookings for the Slavia has opened. The sedan will be positioned below the Octavia but above the now phased out Rapid sedan
BUSINESS
Tata Motors working on born-electric and flexi vehicle platforms for future
The Tata Group company, which is the leader in the electric bus segment having the largest share of electric bus number in operation in India, is working on a platform for the future that will be born electric.
BUSINESS
Tyre makers line up Rs 5,000 crore capex to boost capacity
Tyre companies are gearing up to add capacity in order to meet demand as the economy recovers and demand increases
BUSINESS
Chip shortage to hit Bajaj Auto’s export volumes
Exports are a crucial component in Bajaj Auto’s overall automotive business as more than half of its production is sold overseas
BUSINESS
Ashok Leyland in talks with investors to raise funds for EV subsidiary Switch Mobility
The Chennai-based trucks and bus manufacturer has hived off its electric vehicle division to better tap growth opportunities through onboarding of partners
BUSINESS
Tata Motors, Mahindra & Mahindra dodge chip shortage with innovation
Tata Motors and Mahindra & Mahindra have lowered chip usage to reduce the waiting period, which is at 12 months for some vehicles. Tata Motors and Mahindra are estimated to have over 300,000 pending orders.
BUSINESS
Mahindra & Mahindra ‘open’ to funding for electric vehicle business once again
This is the second time that the Mumbai-based company is talking about bringing an investor on board for its EV business.
BUSINESS
Bajaj Auto may set up first electric vehicle plant in Akurdi
The Akurdi plant has been out of action since 2007, after rolling out its last two-wheeler. Bajaj Auto is now seriously looking at resurrecting the factory to drive its EV ambitions
BUSINESS
Mahindra-led Classic Legends plans BSA bike launch, output expansion
While the company has three main models – Jawa, 42, and Perak – in its line-up there are plans to get the century-old British motorcycle brand BSA rolling too.
BUSINESS
Diwali bookings: Hotels run out of rooms as travellers hit the road
Hotel chains, resorts and short-haul destinations capitalise on a surge in bookings for the Diwali weekend to revise up room rates.
BUSINESS
Car buyers cancel bookings as auto companies delay Diwali deadline
While booking cancellations are normal in the automotive retail business, the level of cancellations this year is unusually high, say dealers.
BUSINESS
Auto dealer body claims Diwali 2021 is the worst in a decade
Two-wheeler demand, especially for entry level motorcycles, has taken a hit partly due to the pandemic and partly due to rising fuel prices
BUSINESS
Tata Motors may not need a managing director after all
The Mumbai-based manufacturer of luxury cars, sports utility vehicles (SUVs) and trucks is not looking for a replacement for Guenter Butschek, who stepped down from the MD’s position by the end of June 2021
BUSINESS
Tata Motors fast running out of capacity but no new factory planned
With slight improvement in the manufacturing capacity Tata Motors will move to producing half a million units, which would be the third highest in India after Maruti Suzuki and Hyundai
