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| 01 December, 2020, 01:23 AM IST | E-Paper
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    Passenger vehicle, 2-wheeler wholesales to decline over next few months: Ind-Ra

    "With the festive season now over in India, the rating agency expects wholesale billings to moderate in the next couple of months, given that the inventory at dealer level for passenger vehicles (PVs) and two-wheelers is already at higher than the 21 days recommended by Federation of Automobile Dealers Association (FADA)," Ind-Ra said.

    'COVID-19: Minimum touch ethos to be key value drivers for auto makers for connected cars'

    Automakers will need to build a connected car strategy that contains a differentiated customer experience at its core backed by technological innovation and data insights to cater to the new-age digital consumer, the consultancy firm said in its latest automotive report.

    Lamborghini and Ducati come together to present the limited edition Diavel 1260

    According to a report by ET, Automobili Lamborghini and Ducati unveiled on November 26 the Ducati Diavel 1260 Lamborghini motorcycle. This limited and numbered edition of 630 motorcycles are to celebrate the cooperation between the two Italian organisations and to attract both motorcyclists and collectors from all over the world, a company statement said.

    Karnataka Employers’ Association calls for tough action to end Toyota Kirloskar stir at Bidadi

    In a letter to chief secretary TM Vijay Bhaskar, association president BC Prabhakar has expressed concerns over the possibility of the strike spreading to other industries as well. “We request you to take immediate steps to declare curfew around the premises of TKM, Bidadi, and take stringent action including arrest of troublemakers and also bar them from entering the Bidadi area,” the letter said.

    Regulatory hurdles, valuation issues delays M&M’s exit from Ssangyong

    The Mahindra Ssangyong combine may have to resort to a one-time write-off of foreign investment, which could run into regulatory hurdles, people in the know said.

    India car market ends 2020 festive season on a high, retails over 1 million since August

    After recording the highest ever dispatches in October, the industry is likely to close November with the highest ever dispatches for the 11th month of the year at 2.80-2.85 lakh units, witnessing a growth of 8-9%. Moreover, retail sales are expected to be even better at over 3.1 lakh units - further trimming the inventory in the system to less than one month.

    Omega Seiki plans to launch electric tractor, cargo pick-up truck as part of expansion plan

    The company, which is a part of the Delhi-based Anglian Omega Group, also aims to set up manufacturing facilities across various parts of the country.

    COVID-19 has put the  focus back on personal vehicles, pushed out shared mobility, says Motherson Sumi chairman

    Citing global experience of countries like China, Japan and South Korea, where there has been a spike in demand of personal vehicles when the countries re-opened after the COVID-19 induced restrictions, he exuded confidence that the conventional automotive industry has a bright future.

    Kia Motors breaks into operating profit in its first year of India journey

    In fiscal 2020, the first year of its operation in India, the company produced more than 100,000 vehicles and posted revenue of Rs 10,838 crore, when the domestic market delivered its worst performance in a decade.

    Transport ministry proposes changes to help appoint 'legal heir" of a motor vehicle

    The change has been proposed in line with the practice of nomination while opening a bank account, or health insurance policy. “It is generally a long-drawn process if the vehicle is in the name of a single person, a family member has to prove that they are the legal heir if they want the vehicle to be transferred to their name,” a transport ministry official told ET.

    November auto wholesale volumes to be driven by demand sustenance, inventory refilling: Report

    Wholesales in November are expected to rise year-on-year for all segments, excluding the medium and heavy commercial vehicle(M&HCV) segment, which are expected to grow at 19.6 per cent for two-wheelers on a low base and 12.6 per cent for passenger vehicles due to sustaining demand and inventory refilling.

    Toyota veteran Shekar Viswanathan hangs up his boots

    Toyota veteran Shekar Viswanathan hangs up his boots

    A prominent voice of the auto and manufacturing sectors, the auto sector veteran always argued hard in favour of lower tax rates for the industry insisting that it could help add a large number of new jobs, and catch up with the US and China in terms of innovation and sales volumes.

    Ashok Leyland renames Optare as Switch Mobility to drive electric and new mobility growth

    Ashok Leyland renames Optare as Switch Mobility to drive electric and new mobility growth

    “This strategy reflects the clear growth opportunities in the global light commercial vehicle (LCV) and bus electric vehicle market, which is projected to grow at a compounded annual growth rate (CAGR) of more than 25 per cent and to be worth in the region of $ 50 billion by 2030," said Dheeraj Hinduja, Chairman, Ashok Leyland.

    Hitachi ABB Power, Ashok Leyland, IIT-Madras team up for e-mobility pilot

    Hitachi ABB Power, Ashok Leyland, IIT-Madras team up for e-mobility pilot

    The e-bus, which will incorporate Hitachi ABB Power Grids' innovative flash-charging technology - Grid-eMotion Flash, will be provided by Ashok Leyland, while IIT-M will host the infrastructure required to operate the flash-charging system for the e-bus, Hitachi ABB Power Grids in India said in a statement.

    Indian automakers see increased sales in rural areas, fuelled by higher farm incomes

    Indian automakers see increased sales in rural areas, fuelled by higher farm incomes

    So, what's behind this new-found love for country roads? The second consecutive good monsoons have boosted rural incomes. And the automakers are doing their bit - an expanding service network that's underpinned by an attractive financing infrastructure.

    Transport Ministry begins exercise to formalise registration of vintage motor vehicles in India

    Transport Ministry begins exercise to formalise registration of vintage motor vehicles in India

    All applications for registering such vehicles will be applied on the “PARIVAHAN” portal of the ministry of road transport and highways. This registration shall be valid for 10 years.

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