Tag Archives: auto industry

Two-wheeler demand is picking up after lifting of curbs: Honda

Demand for two-wheelers has gained pace since the easing of Covid-induced curbs by state governments and the momentum is expected to continue well into the festive season, said a top executive at the country’s second largest two-wheeler maker, Honda Motorcycle … Continue reading

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Slowdown in two-wheeler sales may spell bad news for FMCG firms like HUL: Goldman Sachs

MUMBAI: The slowdown in the sales of motorcycles and scooters could spell bad news for India’s consumer good companies, notably top player Hindustan Unilever, says a Goldman Sachs research report that has spotted a strong co-relation between the two sectors. … Continue reading

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Semiconductor shortage may be big opportunity for domestic auto component cos: SIAM chief

Semiconductor shortage is a big challenge for the automobile industry right now but the situation could also turn out to be a big opportunity for the domestic auto component manufacturing industry, SIAM President Kenichi Ayukawa said on Thursday. Speaking at … Continue reading

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Excess truck fleet capacity to extend medium and heavy truck segment recovery cycle: India Ratings

MUMBAI: Due to excess capacity created by axle load norms in 2018, India Ratings and Research expects the sales of domestic commercial vehicles (CVs) could take longer to recover than expected, despite the improving macro-economic indicators such as Index of … Continue reading

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Plan for all-electric cars by 2030 not viable, says Mercedes chief

MUMBAI: Luxury carmaker Mercedes-Benz has urged the government “not to rush with the all-electric vehicles push” and thus “foreclose better technological options” for future generations as the rest of the world is racing to run on hydrogen and not electricity. … Continue reading

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Carmakers give last of the best BS-IV discounts

Mumbai: Maruti Suzuki calls it the best offer of the year and Tata Motors says the best in a decade; for Hyundai Motor India, it is a December delight. Automakers are offering record high discounts in the last month of … Continue reading

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Honda Cars India sales slump 37% in September

NEW DELHI: Honda Cars India Ltd (HCIL) on Tuesday reported a 37.24 per cent decline in domestic sales at 9,301 units in September as against 14,820 units in the same month last year. The company exported 946 units last month. … Continue reading

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Automotive industry reaching end of downward cycle, demand uptick ahead: Apollo Tyres

NEW DELHI: Apollo Tyres said the automotive industry is approaching the end of a downward cycle, and a good monsoon along with improved liquidity in the market ahead of the festive season should help revive demand starting in the third … Continue reading

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Automakers want to increase freight carriage through railways, ask for improved infrastructure

NEW DELHI: The auto industry has asked the Indian Railways to make available sufficient, improved infrastructure as it plans to ramp up freight transportation through railways, a senior government official said. This comes as the national transporter announced a series … Continue reading

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Volkswagen to reduce dealer-partners in India to 50

Mumbai: German carmaker Volkswagen will bring down the number of its dealer-partners in India to 50 from 60 as it seeks to improve their profitability, a top executive said. The company is, however, encouraging its existing dealer-partners to open more … Continue reading

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