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Wednesday, Dec 07, 2022

automobile sector

AUTOMOBILE SECTOR NEWS

Weak sales in ‘bread & butter’ segment: Rising prices squeeze out entry-level buyers

April 30, 2022 9:54 am

“This means that people who were buying lower-end cars are not being able to buy cars. In the two-wheeler segment also, in 2019-20,  2020-21 and 2021-22, in all three years, there has been a double digit decline for two-wheelers,” Maruti Suzuki Chairman RC Bhargava said.

‘Increasing price of raw items new challenge for automobile firms’

April 11, 2022 9:59 am

The increasing prices, as well as the supply bottleneck of semi-conductors, has prompted automobile OEMs and ancillary companies to increase their prices.

With US Fed hike factored in, Sensex gains 1.8%; oil surges 8%

March 18, 2022 12:41 am

The rupee spurted by 41 paise to close at 75.80 against the US dollar on Thursday

Rahul Bajaj’s candour was a breath of fresh air

February 14, 2022 9:35 am

He would express opinions without mincing words, but gave the same freedom to his friends to differ from him

Production Linked Incentive scheme for automobile sector: Tata Motors, Hyundai among 20 companies selected

February 12, 2022 1:43 am

The Ministry noted that while 20 Original Equipment Manufacturers had been selected for the manufacture of Advanced Automotive Technology (AAT) vehicles, applications for component manufacturers under the scheme are being processed separately.

Barring tractors, automobile sector records zero sales in April on lockdown

May 02, 2020 1:55 am

Leading manufacturers, however, say that there is no point starting production, despite some relaxations, as the vendors and showrooms also need to operationalise and until the whole value chain starts functioning, there is no point starting production.

In a first, Maruti Suzuki sells zero units in domestic market in April

May 01, 2020 2:58 pm

Maruti Suzuki India said that it exported 632 units from Mundra port after port operations resumed.

Fiat Chrysler and Peugeot to merge into $46 billion automaker

December 18, 2019 1:30 pm

The combined company will be led by PSA Chief Executive Officer Carlos Tavares, with Fiat Chairman John Elkann holding the same role at the enlarged firm.

Kia Motors sales at 7,554 units in September; bookings cross 50,000 mark

October 10, 2019 4:07 pm

Kia Motors on Thursday opened its first brand experience centre, BEAT360, in India at Gurugram and plans to open similar experience centres in other Indian metros, Kia Motors India said in a statement.

Crisis in auto sector takes its toll, 286 dealership outlets shut in 18 months

August 14, 2019 10:10 am

Industry players say the worst is still to come and that the of consumer demand and the liquidity crisis — could get prolonged as automakers compulsorily transition to new technologies, rendering their products more expensive.

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