BUSINESS
Osamu Suzuki: The Number 1 carmaker for India decides to retire at 91
When Maruti was scouting for a partner in the 80s, the Indian govt was not in favour of Suzuki. The Japanese firm eventually won the deal, and Osamu Suzuki made Maruti Suzuki a household name in India. The Indian operations later even surpassed sales in the company’s home market.
BUSINESS
Suzuki targets over 50% passenger car market share in five years
Suzuki Motor Corporation, as part of its mid-term management plan lasting five years beginning April 2021, also plans to launch hybrid and electric vehicles, boost its presence in the SUV segment, and add several mini showrooms in the rural pockets of India.
BUSINESS
Holiday hotels see rise in occupancy levels, but industry not cheering
Many hotels renting rooms below standard rates cites as main reason. Hotels say leisure destinations, not metros, are the main revenue-earners now. In fact, hotels lobby body FHRAI says occupancies and room rates, pan-India, are still low.
BUSINESS
General Motors union rejects ultimatum to accept severance packages, meet Maharashtra labour minister
General Motors India had told employees in a letter dated February 19 that they have time till February 23 to either accept the voluntary separation package or face a lawsuit
BUSINESS
Explainer: What has gone wrong at General Motors India plant?
General Motors has sent a letter to its employees asking them to accept the voluntary separation package issued by it or be ready to face a lawsuit.
BUSINESS
In Pics: So what is the Tata Safari up against? Check out who its rivals are
Tata Safari does not have much competition for now. However, there are at least two new launches scheduled in the seven-seater SUV segment. Check out where does the Safari stand
BUSINESS
This week in Auto: Hyundai's silver jubilee in India; Renault Kiger launch; Hero MotoCorp capex plans; and more
Here is a wrap of all the important news in the automotive space this last week
BUSINESS
Maruti’s switchover to Rupee-based royalty pay to Suzuki running 2 years late
Maruti does not provide reasons for the delay. Royalty payment is computed every quarter by MSIL and shared publicly. Rupee-denominated payment formula was envisaged to escape the adverse risk of the yen-rupee fluctuations.
BUSINESS
Long wait beyond 1-2 months forcing auto dealers to reject customer bookings
Be it Maruti, Tata, Hyundai or Nissan, carmakers are not able to meet demand because production lines are either running at full capacities or they are facing a semiconductor shortage. Dealers are facing unusually low inventory levels and the waiting period for some models are stretching up to six months.
BUSINESS
Hero MotoCorp raises capex for FY22 to up to Rs 1,000 crore
Move follows better-than-expected recovery in demand in recent months. From an average 2.61 lakh units per month during April-July, Hero MotoCorp sales touched 5.91 lakh units a month in the September-January period. Company ready to make provisions for more spends if demanded by the market.
BUSINESS
Marc Llistosella: The kickboxer from Germany who has boarded a Tata bus
He takes over as CEO and Managing Director of Tata Motors from July 1. In his new role, the company’s commercial vehicle division will need most of his attention. His success at Daimler India and the establishment of the Bharat Benz brand are among his achievements.
BUSINESS
Check out how Renault Kiger's prices fare against its rivals
At Rs 5.45 lakh, the Renault Kiger is the cheapest SUV in its category. But just how affordable is it compared to its rivals?
BUSINESS
This week in Auto: Scrappage policy in Budget; semiconductors a pain point; Hero Moto’s Harley-Davidson plan, and more
Here is a quick look at what made headlines in the auto sector last week
BUSINESS
Hero aims to benefit from Harley brand image, joint product development on track
Earlier this week both companies announced the setting up of a new business unit that would be tasked to sell Harley-Davidson bikes in India through a network of 11 dealers.
BUSINESS
Demand boom: Carmakers have a problem that they aren't losing sleep over
Decadal low auto loan rates, attractive finance options and robust demand from non-urban pockets have helped affect a spectacular turnaround in market sentiments
BUSINESS
Bajaj Auto to enter electric three-wheelers in FY22, working on electric Qute too
The COVID-19 pandemic became the biggest reason for the delay in its launch, but things are looking up with the reopening of schools, offices and commercial spaces like shops and malls
BUSINESS
January auto sales | Check how these two-wheeler companies fared
India's two-wheeler industry recorded an increase of 4 percent during January to 1,236,536 units as against 1,186,750 units sold in the same month in 2020.
BUSINESS
January Auto Sales | Check out which carmaker helped in 25% industry growth
India's top-ten carmakers recorded a rise of 25 percent in January volumes to 293,025 units as against 234,641 led by continued surge in demand for new and existing products
BUSINESS
Budget 2021: Pawan Goenka says investment cycle is about to begin
New investments in the auto sector could flow in for setting up new factories as well as for resumption of new product launches that got severely disrupted because of the COVID-19 pandemic
BUSINESS
This week in Auto: Fancy a Hero MotoCorp car or three-wheeler?
Here is a complete look at what made headlines during the week
BUSINESS
Renault unveils Kiger | All you need to know about the SUV
French carmaker Renault has taken the sheets off the Kiger which also marks its world debut. This is the first sub 4 -meter compact SUV from Renault.
BUSINESS
Auto companies roll back salary cuts, reward employees with pay hikes
The sharp rebound in sales from July saw companies untie their purse strings to reward employees. While some stuck to their annual increment cycle with a Covid-induced delay of about a quarter, others have already started with a second round of pay hikes, effective from the upcoming financial year. Here’s what Hyundai, Bajaj Auto, JK Tyre and Ceat are doing
BUSINESS
In Pics: Tata Safari details, engine, unveil, competition
The Tata Safari will be launched commercially into the market in the coming weeks and will be the first seven seater SUV after the Safari Storme
BUSINESS
Green tax may push up truck rentals, hit used heavy vehicle prices
Transport vehicles older than eight years could be charged green cess at the time of renewal of fitness certificate
