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| 05 August, 2020, 03:36 PM IST | E-Paper
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    Maruti H2 sales may match year-earlier levels, FY22 may see growth: RC Bhargava

    Bhargava made a fervent pitch for tax concessions from the central and state governments and said they should recognise the importance of supporting faster growth of the car industry as a means of reviving the economy and creating larger employment opportunities.

    Hyundai adopts street dog and makes him car salesman

    The employee of the year at a Hyundai showroom in Brazil is man’s best friend, the humble dog, who goes by the name of ‘Tucson Prime’.

    Maruti's Nexa becomes the third largest auto retail brand in just five years

    Nexa, the premium retail brand from the automotive leader Maruti Suzuki, commands a little over 11 per cent of the car market volume and contributes more than 20 per cent of Maruti's annual volumes.

    Tata Motors charting out disciplined growth path despite challenges: N Chandrasekaran

    “Against this volatile macro backdrop, your Company is charting out a disciplined path towards a robust and resilient future,” Chandrasekaran said in the company’s 75th annual report.

    Suzuki Motor operating income drops 98 pc in April-June as India sales fall on COVID-19 hit

    The company's consolidated net sales decreased by 482.2 billion yen (53.1 per cent) to 425.3 billion yen during the April-June period, Suzuki Motor Corp said in a statement.

    Focusing on localisation to de-risk biz from supply chain challenges, forex fluctuations: Toyota

    "We are looking at localisation not only because of Made in India initiative. Backward integration also insulates from exchange rate fluctuations and makes supply chain shorter," TKM Senior Vice President (Sales and Service) Naveen Soni told.

    Passenger vehicle sales double over June, almost inch up to pre-covid levels

    Industry estimates as many as 197,523 passenger vehicles were sold in the local market last month, which is a tad lower than 200,790 units sold in the same period last year, though significantly higher than 105,617 units sold in June 2020.

    Toyota Kirloskar sales drop 48 per cent to 5,386 domestic vehicle units in July

    The first month post unlock, June, witnessed demand rekindling and retails being very good due to several factors, including pending customer orders as well as pent up demand accumulated as a result of the extended lockdown, he said.

    Signs of revival for auto sector: Hyundai Motor India touches 98% of pre-Covid levels in July

    Hyundai Motor India sold a total of 41,300 units in the last month. This includes 38,200 units sold in the domestic market and 3,100 units in the export markets in July 2020.

    Country's largest carmaker Maruti Suzuki domestic sales touches 1 lakh mark in July

    The country's largest carmaker Maruti Suzuki reported total sales of 108,064 units in July 2020. This is a growth of 88.2% over June 2020 and a fall of 1.1% over July 2019. This includes domestic sales of 100,000 units and 1,307 units for other OEMs in the domestic market. In addition, the company exported 6,757 units in July 2020.

    Supreme Court bars registration of BS-IV vehicles till further orders

    Supreme Court bars registration of BS-IV vehicles till further orders

    The Supreme Court Friday directed that no BS- IV vehicles will be registered with the authorities till it decides the issue of sale of such vehicles during the lockdown period.

    SC says no BS-IV vehicles to be registered till decision on their sale during lockdown

    SC says no BS-IV vehicles to be registered till decision on their sale during lockdown

    The top court was earlier irked over the violation of its order and had pulled up the automobile dealers association by saying that the BS-IV vehicles were sold during the lockdown. The bench had on July 8 recalled the March 27 order by which it had allowed sale of BS-IV vehicles for 10 days across India, except in Delhi-NCR, after lifting of the lockdown.

    Honda Cars India offers VRS scheme to its office associates as part of right-sizing

    Honda Cars India offers VRS scheme to its office associates as part of right-sizing

    The maker of popular sedans had offered a voluntary retirement scheme to its plant workers in January-February and now has initiated a similar scheme for its office associates starting July 24th.

    Demand from semi-urban India fires up Auto Sector's engines

    Demand from semi-urban India fires up Auto Sector's engines

    Sales also went up in West Bengal, Uttarakhand, Tripura, Meghalaya and Arunachal Pradesh. Interestingly, the increase in sales in these states has come at a time when the overall market for passenger vehicles tanked 25% to 1.7 lakh units last month.

    Domestic commercial vehicle industry volumes to contract 25-28 per cent in FY21: ICRA

    Domestic commercial vehicle industry volumes to contract 25-28 per cent in FY21: ICRA

    The ratings agency said the only limited green shoot visible is the uptick in rural demand, which augurs well for light CVs segment, although ability to recoup lost sales of Q1 FY2021 remains to be seen. Overall, headwinds are expected to exert pressure on earnings and credit profile of CV OEMs.

    Mahindra & Mahindra introduces affordable finance schemes for customers

    Mahindra & Mahindra introduces affordable finance schemes for customers

    The scheme also includes an option for first six months EMI to be lower by 76 per cent from regular EMIs for personal UVs, and up to seven years funding for Bolero Pickup and Bolero Maxi Truck, M&M said in a statement.

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