Hero to raise prices from January 2020
The upward revision in the ex-showroom prices of its motorcycles and scooters will be effective from January 1, 2010.
Sharmistha Mukherjee
Maruti Suzuki recalls 63,493 units of Ciaz, Ertiga, XL6 to fix faulty part
"The company will inspect 63,493 vehicles of petrol SHVS of Ciaz, Ertiga and XL6 for a possible issue with the Motor Generator Unit (MGU)," MSI said in a statement. A possible defect may have occurred in the MGU during manufacturing by an overseas global part supplier, it added. The vehicles were manufactured between January 1, 2019 to Nov 21, 2019.
Mercedes Benz India hopes to get back on growth track next year
The company, whose sales declined 16% to 9,915 units in the nine months to September, is planning to launch a vehicle every month to attract buyers. Mercedes Benz India managing director Martin Schwenk told ET that the local market saw a turnaround in sentiment during the festive season. The company is optimistic it will be able to sustain the momentum.
MG Motor working on affordable EV concept
MG Motor India managing director Rajeev Chaba said the company had already started working on the project, taking cues from the requirements of local consumers. The concept will be completed in the next one year, and a production model may hit the roads in the next three to four years, he said.
Hyundai initiates feasibility study for fuel cell electric vehicles in India
The company has initiated a feasibility study for fuel cell electric vehicles in the country and promises to being a solution with zero emissions, he added. Fuel cell electric vehicles are free from all kind of green house gas emissions. Earlier this year, Hyundai had launched fully-electric SUV Kona in the country.
Carmakers to hike prices from January to absorb input costs
Maruti Suzuki, Mahindra & Mahindra, Ford, Toyota, Mercedes Benz and Audi plan to raise the prices from January 2020. The carmakers told ET that the price hike has been planned to counter the inflationary pressures. The country’s largest carmaker Maruti Suzuki said the production cost has shot up because of increase in raw material prices.
SUV buyers favour petrol models as BS-VI nears
Demand for diesel cars is expected to taper off further going ahead owing to various reasons.
Escorts’ hopes ride on railways business
EBIT (earnings before interest and tax) margin for the division stood at19.5 per cent in the first half of the fiscal year.
Hero Electric to go ahead with expansion plan amid slowdown
MD Naveen Munjal told ET that although sales of electric two-wheelers were subdued in the first half of this financial year, the company expects demand to pick up substantially in the coming years as legacy players such as Bajaj Auto enter the segment.
Toyota to stop selling small diesel vehicles in India post BS VI
Toyota is looking at stopping sale of small diesel vehicles post the transition to BS VI emissions standards.
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