BUSINESS
Bajaj Auto to refocus on Qute quadricycle, revive partnership with Uber
After the successful pilot project in Bengaluru in collaboration with Uber, Bajaj Auto plans to revive the initiative in the city and expand to other metros such as Hyderabad. The company expects sales of Qute, India’s first quadricycle, to commence in Q4 FY22
BUSINESS
Auto firms mull another price hike as soaring input costs erode margins
Automobile makers are under pressure as steel has risen 50 percent in nine months and other costs are also soaring, although companies had earlier expected raw material costs to soften
BUSINESS
Tata Nexon EV demand now on par with diesel variant of the SUV
The Nexon EV saw its highest quarterly sales at 1,715 units in the April-June quarter on the back of an unabated rise in prices of diesel and petrol
BUSINESS
COVID-19 pandemic causes 6-9 months delay in Bajaj-Triumph bike rollout; prototypes ready
The motorcycles that will be sold under the Triumph brand could start below Rs 2 lakh. The current entry price of the Triumph brand is Rs 7 lakh. This is the first time in its 118-year history that Triumph is collaborating with another company.
BUSINESS
This week in Auto: Suzuki to launch EV in 2025, Bajaj to launch new company for EVs, Mahindra recall SUVs and more
Here is a complete round up of all the big news of the automotive space this week
BUSINESS
Aprilia working on new platform 350cc bike for India
Diego Graffi explained that the platform used by the RS150 and Touno 150 are dated and cannot be upgraded for want of being price competitive in India.
BUSINESS
Bajaj Auto expects flat domestic two-wheeler growth in FY22, exports to surge
During FY21, the third-largest two-wheeler brand in India sold more vehicles outside India for the first time. Its exports of 2.05 million units were higher than the 1.91 million units sold within India in FY21. Company set to enter four new overseas markets.
BUSINESS
Bajaj Auto to set up new company for electric and hybrid vehicles, to evaluate having a full range of EVs
The company is evaluating the full spectrum of possibilities in micro- mobility to performance motorcycles on the electric platform.
BUSINESS
Tata Group's Ginger Hotels could be heading for an IPO
Roots Corporation, which runs Ginger properties, is 67 percent owned by IHCL. Tata Opportunities Fund, one of the investors, could be looking at exiting RCL. Before taking Ginger public, IHCL wants to make RCL a 100 percent subsidiary.
BUSINESS
Indian Hotels scrapped asset sale last year due to poor valuations
The onset of the pandemic disrupted the hotel company’s plans to sell some properties and rent them back, and now that asset values have recovered, there will be a restart in terms of monetisation
BUSINESS
Bharat Forge says total shift to e-mobility will hit revenue by 10-12%
CMD Baba Kalyani says the automobile industry is beginning to see tectonic shifts that may cause stress to part of Bharat Forge's business
BUSINESS
Govt must provide infrastructure status to hotel sector: Oberoi Hotels' chairman PRS Oberoi
The hotel industry has taken a hit of over Rs 1.3 lakh crore in revenue for the fiscal year 2020-21 due to the COVID-19 pandemic, according to the Federation of Hotel & Restaurant Associations of India
BUSINESS
This week in Auto: Maharashtra revised EV policy, Maruti to invest Rs 18000cr, Lamborghini launches Huracan, Tata Motors introduces new brand and more
Here is a complete look at what has made headlines in the automotive space this week
BUSINESS
Taj Hotels to expand property portfolio by 36% in 3-5 years with asset-light growth
Taj hotels aims to have 300 properties, with most of the new ones under the asset-light model in which it does not invest in land or construction but enters into a management contract
BUSINESS
Petrol @ Rs 100 a litre, two-wheeler buyers rush to go electric
Three of India’s top electric two-wheeler makers, who control more than 85 percent of the domestic market, have seen their retail numbers grow by 1.5-2 times in the last few weeks
BUSINESS
Nexon EV demand jumps two-fold amid unabated rise in fuel prices: Tata Motors
June 2021 saw sales of the electric SUV increase to 650 units, the highest since its launch in January 2020.
BUSINESS
Hero family in spat over electric vehicle ambitions of brands
Hero Electric MD Naveen Munjal says that while the family pact allows them to enter any business segment, there is a strong non-compete clause for brand usage
BUSINESS
COVID-19 and lockdown period see Mumbai airport’s automotive cargo surpass pharma cargo
Mumbai airport's cargo facilitated the movement of approximately 360 tonnes of automobiles, handling over 180 cars between April 2020 and May 2021. Prior to COVID-19, pharma goods had the largest share of airport shipments at 26 percent while automobiles had 23 percent.
BUSINESS
Hero MotoCorp explores new revenue streams with electric vehicle shift; looks beyond two-wheelers
Along with the launch of an electric two-wheeler this year, Hero MotoCorp will explore new business models such as EV batteries and charging networks apart from battery as a service and vehicle as a service.
TECHNOLOGY
This week in Auto: Auto retails jump 23% in June, JLR hit by chip shortage, Mercedes-Benz sales rise 65% in H1 and more
Here is the complete list of all the major new breaks during the week in the auto space
BUSINESS
Accidents at automotive factories highlights poor worker safety policies
Thousands of workers are being maimed every year because of accidents at automotive factories, and many more will be victims of such incidents because companies do not seem to have adequate policies for occupational safety, Safe in India Foundation says.
BUSINESS
Improvements are a must to prevent auto sector workers from losing their fingers: Sandeep Sachdeva of Safe in India Foundation
The Safe in India Foundation says manufacturing design thinking in India’s auto sector must include worker safety as a critical factor and not just a small cost of production
BUSINESS
Hero Electric to set up 2-3 factories by 2025 to hit 1 million capacity by 2025
Managing Director Naveen Munjal is betting on strong growth in sales of electric two-wheelers in the country, which has encouraged the company to invest at least Rs 700 crore in new plants, and plan new models.
BUSINESS
Jaguar Land Rover testing changes on models to counter chip shortage problem
Due to the shortage JLR is forced to give priority to production of high-margin models even as efforts are on to source the chips from companies that are not the regular suppliers of JLR.
