TRENDS
Mazagon Dock to deliver INS Visakhapatnam by Oct, INS Vela by March to Indian Navy
INS Visakhapatnam is undergoing sea trials and three other destroyers are under various stages of development by the state-run company, which had to revise the delivery schedule because COVID-19 disrupted operations
TRENDS
Semiconductor shortages will hit Q2 volumes also: JLR guidance
The two British luxury brands lost about 7,000 units production to the semiconductor shortage during the March quarter before suspending production at two of its factories in the UK in April
TRENDS
We do not plan to catch up, we plan to lead: JLR CEO Thierry Bollore
Bollore who took over in September 2020 from Ralf Speth has promised investors of delivering double-digit EBIT (earnings before interest and tax) margin, become one of the world’s most profitable luxury manufacturers and make the company net zero carbon by 2039.
BUSINESS
Government raises incentives on electric two-wheelers, model prices to come down
Cap on incentives for electric two-wheelers has been raised to 40% of the cost of the vehicle from 20% while demand incentive has been increased to Rs 15,000/KWh from Rs 10,000/KWh
TRENDS
This week in Auto: Mercedes Maybach GLS launched, Pratap Bose joins M&M, JLR may look at battery factory and more 7023751
Here's all that happened in the automotive space during this week
TRENDS
Jaguar Land Rover hints at having battery cell factory to secure supply chain
China controlled 80 percent of the world’s raw material refining and 77 percent of the world’s cell capacity in 2020.
BUSINESS
After Mercedes-Benz, is Royal Enfield next to experiment with the direct-to-customer sales model?
In this work-from-home, digital-driven era, buyers prefer vehicles to be delivered at their residences and companies seem happy to oblige.
TRENDS
Mercedes Maybach GLS 600 | Here's all the details of the German automaker's flagship SUV
Mercedes-Benz has launched the Maybach GLS 600 in India after the launch of the GLS 450 last year. This is one of 15 new launches promised by the German company
BUSINESS
Bharat Forge to set up new factory for defence business, to acquire land for Rs 240 crore
Bharat Forge has line up a capital expenditure (capex) of around Rs 300 crore for FY22 while for FY23 the capex could be at around Rs 250 crore
BUSINESS
Mercedes-Benz India’s new sales model: Here’s what dealers have to say
Were dealers taken into confidence about the luxury carmaker’s ‘direct to customer’ retail model? Will they lose business? Below are accounts from two large Mercedes-Benz dealers.
TRENDS
Royal Enfield will have the highest number of launches in FY22: CEO Vinod Dasari
This year, Royal Enfield is ready to introduce more models annually than ever before as the niche bike maker looks to further strengthen its iron grip on the middleweight motorcycle segment
TRENDS
Motherson Sumi FY22 capex steady at Rs 2000 crore; scaling up of EV business
Group company Samvardhana Motherson Automotive Systems Group BV (SMRPBV) saw its order book increase to EUR 15.6 billion as of March 31, 2021 from EUR 13.1 billion as of September 30, 2020
BUSINESS
On track to see double-digit growth in 2021: Martin Schwenk, MD and CEO - Mercedes-Benz India
Mercedes-Benz India will also overhaul its distribution and sales system where it will sell cars directly to customers.
BUSINESS
Honda testing swappable battery pack on electric rickshaw in India
This is the first time that Honda, a leader in India’s petrol-powered scooter and 125cc motorcycle space, is testing its technology on three-wheelers in the country
TRENDS
Auto sales May 2021 | Check out how auto companies fared amid closed showrooms
The auto industry is estimated to have sold little over 103,000 units in May which is only one-third compared to the average of 300,000 units sold every month between January to April.
TRENDS
Mahindra-Fiat faceoff: M&M says Thar supply ramp-up bigger worry than dispute over Jeep Wrangler
While the average production rate of Mahindra Thar hovers around 3,000 units per month, it gets twice the number of bookings here, stretching the waiting period.
BUSINESS
This week in Auto: Mahindra rolls out product plans, Auto companies fight Coronavirus, worker unrest and more
Here is a complete list of all the important developments of the week in the auto space
BUSINESS
Bajaj Auto speeds up product development, new models lined up for FY22
The Pune-based company has already done three launches, so far, in the year and plans new models based on new platforms over the next six months.
BUSINESS
Aviation veteran Sanjiv Kapoor to take over as president of Oberoi Hotels on June 1
Kapoor joins the Oberoi Hotels Group at a time when the hospitality industry is struggling under the weight of various state-mandated lockdowns brought on by the Covid-19 pandemic which have crippled the travel and tourism market
BUSINESS
Covid outbreaks will make shift to personal mobility stronger, say automakers
Frequent lockdowns, long waiting periods and general uncertainty about life are making dramatic changes to the way cars are bought, say industry insiders.
TRENDS
Second wave affect: India Inc scramble to plug shortages | Semiconductors, metals, manpower at a premium
Auto majors JLR, Bajaj Auto; laptop industry, FMCG firms, electronic units are all hit by paucity of finished components and raw material, restricted manpower usability and state-level lockdowns
TRENDS
We are expecting strong demand in the second quarter due to pent-up demand, says Sanjeev Aggarwal, CFO, JK Tyre
The disruption caused by the second wave of Covid-19 creating uncertainty over demand has forced JK Tyre to sweat its asset for the next 12-18 months before it weighs options for setting up a new factory
BUSINESS
Jaguar Land Rover has an order backlog of 100,000, 12 months wait on models
About 60% of the backlog originate from the UK and Europe, followed by China and the US. Shortage of semiconductors one of the primary reasons behind the crunch. It has started hitting the production of JLR’s plug-in hybrid electric vehicles, too.
BUSINESS
Apollo Tyres ups FY22 capex by Rs 200 crore as tyre demand soars
Apollo Tyres’ India revenues surged 49 percent to nearly Rs 3629 crore during Q4FY21 driven by demand from vehicle makers, replacement and exports.
