TRENDS
Tata Motors hopes to complete PV unit hive off by October 1
The move is the first step in securing strategic alliances that provides access to products, architectures, power trains, new age technologies and capital; The company would not be giving up control of the business entirely
TRENDS
Tata Motors to double capex of India business up to Rs 3,500 crore on robust turnaround of PV unit
The outlook on capex for FY22 marks a massive jump from the guidance provided in previous quarters as per which the capex would be in the vicinity of Rs 1,500 crore for the India business unit
TRENDS
Ola Electric blitzkrieg has got EV industry charged; here’s what traditional players say
Hero says new categories will see many players coming in. Bajaj Auto has an interesting comment: “We have an existing business... those which do not have any can make those dramatic announcements.” The company, however, said the EV disruption is serious. Piaggio has a tip: If you want to be competitive in India, you have to be price-competitive.
BUSINESS
Hero plans twin model bikes with Harley partnership; new product will be part of the middle-weight segment
While these bikes are expected to have engine capacities in the range of 500cc and above, Hero has never ventured beyond 225cc model, making this a first of its kind
TRENDS
This week in Auto: Lockdowns hurt demand, two-wheeler makers line up investments, companies rolls out COVID-19 relief packages and more
Here’s a list of all the major developments in the automotive space this week
TRENDS
Precision Camshaft looking for partners for electric vehicle ride
PCL’s mid-term (3-5 year) plan also includes becoming an original equipment manufacturer (OEM) of electric vehicles.
BUSINESS
COVID-19 impact | Rising costs, closed showrooms begin to hurt motorcycle makers
As per data shared by an apex dealer association, only 8.65 lakh two-wheelers were registered in April, far less than the typical average of 1.2 to 1.3 million units clocked in a month.
TRENDS
COVID-19 relief efforts | Auto companies step up aid to tackle the pandemic
Automotive companies have stepped up efforts to tackle the pandemic after. The Ministry of Corporate Affairs released a circular that now allows spending on make-shift COVID-19 hospitals, temporary relief camps and other initiatives as CSR activity.
TRENDS
Two-wheeler makers plan Rs 2,000 crore capex for FY22; multiple launches in the pipeline
Two-wheeler majors such as TVS Motor Company, Hero MotoCorp and Bajaj Auto will spend about Rs 2,000 crore in FY22 as capital expenditure despite the uncertainty of demand because of COVID-19.
TRENDS
April 2021 auto sales: Maruti Suzuki remains top seller
Due to zero sales during April 2020 because of the lockdown there is no comparable figures available. March 2021 give an idea of the demand trend
BUSINESS
This week in Auto | Maruti to shut plants, 2021 Suzuki Hayabusa launched, Mahindra fully buys Meru and more
Here is a wrap of all the important news that broke during the week in the auto industry
TRENDS
Hamara Rahul Bajaj: The man who rode into the sunset, the one who gave us Chetak, Priya, Kawasaki and the ubiquitous auto, leaves behind a rich legacy
Credited with making brand Bajaj a household name through the launch of blockbuster models such as the Chetak and Priya in the 1970s, Rahul Bajaj successfully steered the company through The Emergency, License Raj and Economic Liberalisation that began in the 1990s to maintain its position as one of India’s top two and three-wheeler makers
BUSINESS
Your wait for Maruti Suzuki car just got a bit longer
Nine-day production shutdown is set to hit delivery schedules; diversion of industrial oxygen by the plant for medical needs is partial trigger for closure
TRENDS
TVS Motor steps on the investment pedal for electric vehicles
Company plans to sell its only electric two-wheeler, iQube, in more than 20 new cities. A substantial portion of the Rs 600-crore capex lined up for the year will be routed to EVs and emerging technologies, says CEO. Priced at Rs 1,20,000 in Bengaluru, the iQube clocks monthly sales of 250-300 units in the city.
BUSINESS
Maruti Suzuki lags behind in electric vehicles as rivals charge ahead
The underdeveloped status of charging infrastructure, low drive range, dependence on China for lithium-ion cells and high cost of acquisition are making some carmakers hesitate in going all out in the EV segment.
TRENDS
Maruti Suzuki: No impact on production yet but keeping a watch on oxygen supply
While we are small users of oxygen, our vendors who make various components are much larger users. Production can only happen when all of us are able to work to our capacities, said Chairman RC Bhargava.
BUSINESS
Jagdish Khattar: The man who dared to become a businessman at 65
Auto industry leaders and civil servants fondly remember Jagdish Khattar, former IAS officer and the last Indian to be MD of Maruti Suzuki. He led the launch of new models and setting up Maruti’s Manesar plant, while after retirement he saw the boom and bust of his enterprise.
BUSINESS
This Week in Auto: Ola Electric plans new investments, Hero and JLR halt production, oxygen sucks life out of steel plants and more
Hero, Gogoro tie up for EV; COVID-19 cripples EV sales and more: A look at all major headlines from the automotive space this week.
TRENDS
Hyundai junks plan to launch hydrogen car in India
Hyundai was the first car company planning to bring a hydrogen-powered car, also called fuel-cell cars, to India.
BUSINESS
Some luxury car owners are switching to EVs
Though electric vehicles constituted just 0.2% of the total domestic passenger vehicle market in India at the end of FY21, the level of interest from buyers is on the upswing
TRENDS
Bajaj Pulsar NS125 | Does the baby Pulsar pack a punch?
Bajaj Auto has launched the NS variant of the Pulsar 125. It has priced the model significantly higher than other 125cc but lower than the top-end offerings of KTM
BUSINESS
Maruti’s parent Suzuki to partner Toyota for new electric vehicles
The partnership between Toyota and Suzuki in electric vehicles is keenly watched in India, where the Japanese majors have made a big impact in with their conventional vehicles but have lagged behind rivals in emission-free vehicles.
BUSINESS
India gets its first 'designated officer' to oversee vehicle recalls
The appointment ushers change in the vehicle recall procedure, which till now lacked any government intervention; official will have powers to initiate proceedings against an auto maker, if so warranted
TRENDS
Market share: How two-wheeler makers finished FY21
The domestic two-wheeler market went down by 13 percent to 15.11 million in FY21. Check out which manufacturer improved its market share based on the numbers shared by SIAM.
