Passenger Cars

The top three carmakers--- Maruti Suzuki, Hyundai and Tata Motors-- posted their highest-ever sales volumes during FY23

Demand strong but inflation, commodity prices could impact growth, says Shashank Srivastava

Price hikes by Maruti Suzuki and other companies have not been enough to offset the rally in commodity prices, says Shashank Srivastava, senior executive director, Marketing & Sales, Maruti Suzuki

Automobile wholesales skid 23% year on year in February amid supply chain snags

Society of Indian Automobile Manufacturers puts blame on semiconductor shortage, increase in vehicle prices due to new regulations and other factors

Pre-buy ahead of BS-IV rollout to make Q4 stronger: Bharat Forge

World‘s largest forging company, Bharat Forge, yesterday reported a weak set of numbers. But, company‘s Executive Director, Amit Kalyani believes that the downturn has ended and the company is back on growth trajectory.

Apollo Tyres setting up euro 475 mn greenfield plant in Hungary

Apollo Tyres is setting up Europe's largest greenfield plant in Hungary with an investment of 475 million euros to produce nearly 62 lakh tyres for passenger cars and heavy commercial vehicles per annum.

Tata Motors sales up 8% at 44,276 units in June

Tata Motors reported 8 percent growth in sales at 44,276 units in June.

More bad news for Tata Motors as S&P outlook cut to stable

The demand slowdown in China and continuing capital expenditure at Jaguar Land Rover Automotive (JLR) will result in negative free operating cash flows and weaker financial ratios for Tata Motors in fiscal 2016 than we previously expected, says Standard & Poor's

Tata Motors sales remain flat in August

Sales of passenger vehicles in the domestic market in August this year stood at 11,194 units as against 10,975 units in the same month previous year, up 2 per cent, Tata Motors said in a statement.

See limited revenue impact from car toll exemption: MEP

In a setback for MEP Infrastructure, the Maharashtra government has decided to exempt light motor vehicles and MSRTC buses from paying toll fee at three toll plazas.

Volkswagen India sales up 22% in March

The Volkswagen Polo made a significant contribution to the increase in sales in March this year, Volkswagen India said in a statement.

RoadMin to bring mandatory crash testing norms soon

"The government is planning to mandate the offset frontal crash test and side impact crash test norms for passenger cars," Minister of State for Road Transport and Highways Pon Radhakrishnan informed the Rajya Sabha today.

Brokerages view: Excise duty cut in auto sector

Yesterday the finance minister, P Chidambaram in the Interim Budget slashed the excise duty on two-wheelers, passenger cars, SUVs as well as commercial vehicles between 3 percent and 6 percent. The cut in excise duties would largely be passed on to consumers, which effectively translates into average price reduction.

Consolidated operations to enhance efficiency: Tata Motors

"We have done a lot of consolidation to make sure that we operate as one company,” said Karl Slym, MD, Tata Motors.

TaMo young pros get investment advice from NSE Fin Wiz

Established in 1945, Tata Motors is India‘s largest automobile company with its presence in every nook and corner of the country. The company manufactures a vast range of automobile consisting of trucks, utility vehicles, buses and passenger cars.

Mahindra to hike prices by up to Rs 20,000 from October

The increase is primarily due to devaluation of the rupee and increase in raw material costs. "We have been holding back prices for a while but now it has become necessary to raise them due to increasing input costs, devaluation of the rupee and increase in some raw material costs," M&M Ltd Chief Executive, Automotive Division, Pravin Shah said.

Maruti Suzuki launches Stingray starting Rs 4.10 lakh

The Stingray will be powered by the 998 cc K Series engine and the company says the car will deliver a fuel efficiency of 20.51 km/litre of petrol.

Here's what to expect from Tata Motors Q1 earnings

Tata Motors will continue to report sluggish sales growth in the domestic market, which will be offset by Jaguar Land Rover sales growth. Overall, however, the company is likely to report a consolidated net profit decline.

Nomura cuts Maruti Suzuki target price; stays 'buy'

Nomura has also cut Maruti Suzuki's FY14 volume estimates to flat from 6 percent growth it had projected earlier. It has also reduced margin estimates to 11.5 percent from 13 percent.

Maruti Suzuki Q1 net profit seen up 46% to Rs 620 crore

Maruti's net profit will get a boost from the depreciation in Japanese Yen and synergies from the merger of Suzuki Powertrain. However, revenue will be lower due to sluggish demand for passenger cars.

India Ratings cuts auto sector outlook

The Fitch Group company expects passenger vehicle production in India to rise to 65-67 lakh units by FY16, up 33-37 percent over FY13.

Tata Motors June sales down 18% at 52,708 units

Tata Motors' commercial vehicle sales fell 10 percent year-on-year and passenger vehicle sales plunged 31.5 percent in June.

Aim to launch 1 new model each yr in long term: Tata Motors

Tata Motors launched 8 upgraded products last week and Karl Slym, MD, said the company is working on new products to address gaps in its product portfolio.

May auto sales stay sluggish; UV's, LCVs also hit slow lane

Analysts say commercial vehicle sales, especially M&HCVs are unlikely to see any revival unless there is a pickup in the overall industrial and infrastructure activity. In pasenger vehicles, the rise in diesel prices and 3 percent higher excise is hurting utility vehicle sales.

Tata Motors Q4 net seen at Rs 2,990cr, revenue likely up 4%

Analysts on average expect Tata Motors' consolidated net profit to fall 52 percent YoY to Rs 2,990 crore, due to tax benefits to JLR in the year ago quarter. Revenue seen up 4 percent to Rs 53,000 crore.

Maruti Suzuki Q4 net jumps 80%; shares hit 52-wk high

India's largest passenger car maker Maruti Suzuki's fourth quarter standalone net profit accelerated significantly better-than-expected 80 percent year-on-year to Rs 1,148 crore, sending its stock surging to a new 52-week high of Rs 1,672.