The Union Budget 2021-22 can prove to be a turning point for the Auto Industry by committing to some relief in the de-facto- taxation faced by the sector today.
Ceat has inventory levels of less than one month despite all its plants running at full capacity. The company will use the increase in capex to add more capacity at its factories and address the sustained surge in demand since the lockdown was eased
Of course, Mercedes-Benz isn’t the first one to showcase this party trick, but it does it do it really well and this showing we received with the GLC 300d Coupe.
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Volkswagen has already been working on a facelifted Polo for the global market. The India-spec Polo however could be different from the international variant.
The French carmaker will bring down its global car production to 3.1 million by 2025 from the 4 million clocked in 2019. It will, however, optimise operations in India at a time when its foreign rivals have reduced their focus on the country sharply
The proposed deal is expected to be closed within three months subject to receipt of necessary approvals and is expected to be EPS accretive.
While carmaker claim to have reached localisation, semiconductors are some of the crucial parts going in a car that are not yet fully localised.
The Audi A4 has its task cut out for it as competitors such as the Mercedes-Benz C-Class, the long wheelbase BMW 3 Series, the Volvo S60 and the Jaguar XE are all vying for the loaded wallets of its target consumers.
Here is a wrap on what else made headlines in the auto space during the week
Some of these companies have also announced a price hike in the range of 2-5 percent across models to beat the cost pressures which has already come into effect
SIAM noted that the pandemic has pushed the entire automotive industry back by many years and the priority will be to regain the peaks seen in 2018 and 2019.
In a wide-ranging strategy update under new Chief Executive Luca de Meo, the company said it would cut the number of vehicles produced, reducing its spending on research and development as a result, and simplify manufacturing processes.
The Honda H’ness CB350 is a perfectly old-school motorcycle with bits of new-school thrown at it in a way you wouldn’t even realise.
GM has shared very few details of the VTOL drone. What we do know is that it will be capable of carrying only one passenger at a time.
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The train will reach the India-Nepal border at Nautanwa near the border town of Sonauli, from where the last-mile delivery will be through the roadways owing to the topography of Nepal, the auto major said in a statement.
The new trim comes with 1.2 litre bi-turbocharged petrol powertrain which produces 110 PS of power helping the model cross 0-100 km/hr in less than 12 seconds.
The sources did not give a figure for the number of jobs lost at the business, which had over 500 employees in early 2020, according to its website.
Karnataka’s capital is also the EV capital of the country, with many companies already having R&D units in the city thanks to its huge talent pool. Proactive policies by the State’s governments in setting up an EV ecosystem may have also helped tilt the scales in favour of Bengaluru
Sales within India closed at 802,670 units in 2020, 11 percent higher than 2019 volumes and 1 percent more than the previous all-time record, set in 2018. All this in a year that also witnessed the lowest monthly tractor sales total in recent history — 12,000 units in April 2020 — due to the nationwide lockdown. That makes the full-year achievement all the more creditable
In the last quarter of 2020 (October-December), the dispatches grew by over 51 percent as compared to the same period in 2019.
Starting 2030, Hyundai plans to gradually shift towards EVs in key markets such as China, Europe and the US while maintaining Internal Combustion Engine vehicle production in India, Russia and Brazil, but at less than 50 percent capacity
If the Honda Hornet did well in the past, the new one does everything it did and does it better. The new bike isn’t just a fancy new cover on an old horse, we get new styling, a new engine and some more new mechanicals as well.
Introduced with its M Sport package, the new BMW 220i is locally produced at the company’s Chennai-based manufacturing plant, the automaker said in a statement.
The drop in sales outstripped the 14.2 percent fall in sales for all producers globally last year, Renault said.
Toyota, however, refused to revoke the suspension pending enquiry of 66 unionized employees it accuses of ‘serious misconducts’.
Mechanically, TVS hasn’t changed anything. The scooter is still powered by an ET-Fi Ecothrust engine that produces 4 kW of maximum power and 6.5 Nm of peak torque.
This new generation of the Grand Cherokee is based on a new architecture and it also, for the first time, gets a third row of seats which means the car will be available as a six seater or a seven seater as well.
Nio is aiming to expand its product lineup to attract more customers. In China's passenger car market, sedans and SUVs each make up around 46 percent of overall sales.
Here is the complete look at what else made headlines during the week
With this, the low-end model like C-Class will be costlier by Rs 2 lakh, while top-end models such as AMG GT 63S Door Coupe will cost a customer by Rs 15 lakh more, the company said in a statement.
Priced at 19.75 lakh Nepalese rupees, the small truck which provides increased productivity will be supported by an extensive countrywide network for sales, service and spare parts of Sipradi Trading in Nepal, Tata Motors said in a release.
Under the three year tenure of FAME-II scheme — FY20-FY22– e-2W sales have been only 2 percent of the targeted 10 lakh unit sales as on September 30, 2020 halfway mark, ICRA said in a statement.
The Apple car itself will directly rival the ones from Tesla. Even though Tesla cars are currently Level 2 autonomous vehicles, they still require a driver at the wheel.
Mahindra & Mahindra (M&M), part of the $19.4 billion Mahindra Group, will raise the prices of range of personal and commercial vehicles by Rs 4,500 – Rs 40,000, depending on the model and variant, the Mumbai-based automaker said in a regulatory filing.
Launched on October 2, 2020, the Thar received an overwhelming response but the waiting period for the off-roader is anywhere between 22 and 40 weeks. In contrast, Hyundai, Kia and Nissan have ramped up production of their popular models to meet demand. Mahindra, too, is now stepping up production.
The company, which also launched the 2021 version of its SUV Hector range priced between Rs 12.89 lakh and Rs 19.13 lakh (ex-showroom), also plans to launch a smaller SUV later this year as it seeks sales in India to grow around 70-75 percent this year over 2020.
Equipped with a 90 kWh lithium-ion battery, the I-PACE produces 294 kW and 696 Nm torque, helping it accelerate from 0-100 km/h in just 4.8 seconds.
"The MINI Paddy Hopkirk Edition is a reflection of MINI’s challenger spirit and racing genes. It is a celebration of the ultimate MINI challenger moment Paddy Hopkirk’s first Monte Carlo Rally victory in the classic Mini Cooper S,” BMW Group India President Vikram Pawah said.
Bookings and test drive of the 2021 Jeep Compass will begin later this month and details on price will be announced around the same time
Trial assembly of the Aircross had begun in India last year and a number of units have been used as test mules. The car was supposed to be launched in 2020, but the ongoing pandemic pushed the dates ahead.
The Skoda Kushaq will also steer the way for a series of vehicles, proposed to be introduced over the next 18 months, Skoda Auto India said in a statement.
The introduction of the new logo represents the South Korean automaker’s ambitions to establish a leadership position in the future mobility industry by revamping nearly all facets of its business, Kia Motors said in a statement.
Phase 2 of the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME 2) scheme launched by the government in April 2019 envisaged cumulative sales of 1 million electric two-wheelers by March 2022
Pioneer Asia Group is the largest match producer in the country with more than 400 workforce, including factory workers.
The price increase for the new Fortuner over the older version ranges between 4 to 9 percent depending on the variant
At present Piaggio sells Vespa and Aprilia scooters in India, however, the footprint is small thanks to a smaller dealer network.
Maruti Suzuki has a waiting period of 3-4 weeks for its smaller cars such as the Alto and the Swift, but the waiting period goes up to 6-8 weeks for cars such as the Ertiga.