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Like other automakers, Honda's production plans have been hit by the chip shortage, with global output in September falling 30 percent from a year ago, even as demand in key markets, such as China rebounds from a pandemic slump.
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Bedeo is buying Protean from National Electric Vehicle Sweden, a unit of Evergrande New Energy Vehicle Group.
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Hotel chains, resorts and short-haul destinations capitalise on a surge in bookings for the Diwali weekend to revise up room rates.
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While booking cancellations are normal in the automotive retail business, the level of cancellations this year is unusually high, say dealers.
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Two-wheeler demand, especially for entry level motorcycles, has taken a hit partly due to the pandemic and partly due to rising fuel prices
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The Mumbai-based manufacturer of luxury cars, sports utility vehicles (SUVs) and trucks is not looking for a replacement for Guenter Butschek, who stepped down from the MD’s position by the end of June 2021
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With slight improvement in the manufacturing capacity Tata Motors will move to producing half a million units, which would be the third highest in India after Maruti Suzuki and Hyundai
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The company dispatched 10,488 units of Seltos, 5,443 units of Sonet, and 400 units of Carnival last month to dealers.
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The company had sold 68,835 units in the same month last year, HMIL said in a statement.
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The company had dispatched a total of 44,359 units in October 2020.
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The drop in volumes comes amid the industry sitting on a pending orders of more than 350,000 units.
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The company had sold a total of 9,989 units in the same month last year, Ashok Leyland said in a regulatory filing.
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The company’s total dispatches in October 2020 stood at 52,132 units.
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The company, a joint venture between Eicher Motors and Volvo, had sold 4,200 units in the same month last, Eicher Motors said in a regulatory filing.
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The company had sold 1,82,448 units in October last year, MSI said in a statement.
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Skoda Auto India had sold 1,421 units in October 2020, the company said in a statement.
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The model, created to celebrate the collaboration between Ducati Scrambler and the American clothing brand Fasthouse, is powered by an 803cc engine, Ducati India said in a statement.
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The company had sold a total of 13,664 units in the same month last year, Escorts Ltd said in a regulatory filing.
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The company had retailed 3,750 units in the same month last year, MG Motor India said in a statement.
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Luxury car volumes account for less than 2 percent of the overall passenger vehicle sales annually and the sector has been more or less at the same level for the past decade
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Terming the situation as quite dynamic, the country’s largest carmaker noted in a regulatory filing that as per current estimates the total vehicle production volume across both locations in Haryana next month could be around 85 per cent of normal roll-out.
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The investment is part of Maruti’s 10-year, Rs 18,000 crore investment plan, which envisages annual capacity creation of 1 million units. This new plant will come up in Haryana, home to Maruti Suzuki since its birth in 1983
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The company, that claims to have tested its HiLoad model for more than 10 lakh kilometres in the last three years, has opened bookings of the vehicle with a payment of Rs 999 on its website or at its experience centres in Delhi and Gurugram.
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Backed by soccer player Keisuke Honda, ALI Technologies hopes to persuade wealthy consumers to swap their supercar for the hoverbike that went on sale on October 26
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Stating that launching an EV would depend on market conditions, Bhargava said at present it is difficult to predict the pricing of electric vehicles, batteries, how the infrastructure is built up and "the costing is not at all in our hands".
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This is the second new company being formed by the company after the proposal to hive off the electric vehicle business unit and place it under a new company
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A bulk of the 200,000+ pending orders that Maruti Suzuki has is for the CNG versions
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Ford was the fifth brand to stop operations in India after General Motors, MAN Trucks, UM Lohia and Harley-Davidson.
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Of Rs 450 crore capex that Lumax Group is looking for, about Rs 150 crore would be for building electronic competency and Rs 150 crore for brownfield capacity building. The rest would be dedicated to some joint ventures, says Deepak Jain, Chairman and MD, Lumax Industries.
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The black and red hoverbike consists of a motorcycle-like body on top of propellers. The machine rests on landing skids when stationary.
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The shutdowns may result in a volume loss of between 5,000 and 7,000
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Siddhartha Lal had been in the thick of the controversy that saw proxy advisory firms raise objections
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Tesla market capTesla CEO Elon Musk took to Twitter to celebrate the EV maker reaching the milestone $1 trillion market capitalisation, besides expressing surprise at the velocity of the share price surge.
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That apart, payment of remuneration to Siddharth Lal for a period of five years starting May 1, 2021 has also been approved.
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The setback comes as Tesla is under regulatory scrutiny over the safety of its semi-autonomous driving technology and only a day after the beta’s release
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The $260-million offer made by the preferred bidder is nearly the same as M&M’s purchase price inked in late 2010.
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Hero Cycles is set to buy two overseas companies as it seeks to expand its global footprint
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The company, which sells popular models like Activa and Shine in the country, aims to start feasibility run of the electric scooter with its dealer partners at the end of the festive season this year.
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As per FADA, around 170 Ford dealers (with more than 300 dealership) have been impacted because of this sudden exit decision leading to loss of employment of around 40,000
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The Apache brand of motorcycles has helped TVS become the leader in not just the 150cc to 200cc segment, but it has become the highest-selling brand in the 125cc to 200cc motorcycle segment as well
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China dominates the production of iron-based batteries thanks to a series of key patents, which have allowed the country to make 95% of the world's Lithium Iron Phosphate (LFP) batteries.
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TVS has lined up capex of Rs 750 crore for FY22 which is Rs 150 crore more than the Rs 600 crore planned earlier.
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Deliveries of all of the 5,000 units of the five-seater SUV will be completed before December-end
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The deliveries for the XUV700’s petrol variants will start from October 30 while for diesel variant deliveries will begin from the last week of November
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The supply problems would cost Renault, which is set to publish its third-quarter sales on Friday, over a third more than the 220,000 lost vehicles it forecast in early September.
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The supply problems would cost Renault, which is set to publish its third-quarter sales on Friday, over a third more than the 220,000 lost vehicles it forecast in early September.
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TAIPEI Taiwan tech giant Foxconn is looking at making electric vehicles (EVs) in Europe, India and Latin America, including "indirectly" coope..
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Sun Mobility will have 500 Swap Points in India by end-2022, plans to roll out products to enhance the swap experience, and firm up its share in battery-swapping space.
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The upside could come from Tesla's Shanghai factory, which has surpassed the company's factory in Fremont, California in terms of production, and has cut costs with the use of more Chinese parts including batteries.
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Bajaj Auto, Tata Motors and Ashok Leyland had shut down production at their Pantnagar plants as a precautionary measure on October 19
