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Wednesday, October 20, 2021

automobile sector


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.

MS Dhoni invests in CARS24, roped in as brand ambassador

August 13, 2019 5:24 pm

As part of the partnership, Dhoni will own equity in the company and will become its brand ambassador, CARS24 said in a statement. The size of deal was however not disclosed. The investment is part of series D round of funding, it added.

SBI ‘confident’ auto industry will bounce back in festival season

August 05, 2019 3:02 am

Last week, SBI officials met Federation of Automobile Dealers Associations (FADA) and Mumbai auto dealers to discuss the current state of auto retail.

Rise in bookings leads to year-end cheer for automakers

September 02, 2019 1:00 pm

Because of poor festive season sales, which led to high inventory levels, auto firms Maruti Suzuki, Hyundai, Tata Motors and others have been forced to offer a slew of discounts and offers during December that are 20-25 per cent more than last year.

Eight key sectors see fastest employment growth, create direct jobs

November 01, 2014 9:56 am

As many as 1,82,000 jobs were created in these eight sectors including textiles, IT and automobiles during April to June 2014.

Toyota re-launches Innova at starting price of Rs 12.45 lakh

October 05, 2013 6:26 pm

The new Innova comes with new front bumper,fog lamps and body graphics on the top-end version.