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Hyundai Motor India sales drop 28 per cent in July

August 1, 2020 12:03:25 pm

Commenting on the sales performance, HMIL Director (Sales, Marketing & Service) Tarun Garg said the company has been able to contribute towards triggering the country's economic revival.

Time to unwind with Australia’s soothing shades of Blue

July 16, 2020 7:09:54 pm

No matter where you are on Earth, these swirling shades of Australian blue will whisk you away...

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Bajaj Auto unions demand factory halt after 250 workers test positive for Covid

July 6, 2020 11:32:29 am

The company said on June 26 that 140 of the roughly 8,000 staff at the factory had caught the virus and two had died. It said work there would not be stopped, however, as the company wanted to learn to "live with the virus".

Honda drives in 2020 version of compact SUV WR-V priced at Rs 8.5 lakh

July 2, 2020 4:43:10 pm

The BS-VI compliant petrol versions of the model are priced at Rs 8.5 lakh and Rs 9.7 lakh, while the BS-VI diesel trims are tagged at Rs 9.8 lakh and Rs 11 lakh.

Small car segment: MSIL sees end of road for diesel vehicles after its price overtakes petrol in Delhi

June 26, 2020 12:58:08 am

As the share of diesel car sales in the passenger vehicle segment has come down from around 60 per cent in 2012-13 to 28 per cent in 2019-20 (17 per cent share in Q4 FY20), Shashank Srivastava, ED, sales and marketing at MSIL, said ownership of diesel cars do not make much of economic sense.

Sale, registration of BS-IV vehicles: SC pulls up automobile dealers for ‘violation’

June 16, 2020 4:18:52 am

The Bench said it had directed that vehicles sold till March 31 can be registered till April 30 in the “special circumstances”.

Hyundai rolls out 200 vehicles from Chennai plant on first day of resuming operations

May 9, 2020 2:04:11 pm

The auto major has commenced production at the facility adhering to 100 per cent compliance of safety and social distancing norms, Hyundai Motor India said in a statement.

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Maruti Suzuki receives permission to resume operations at Manesar plant

April 22, 2020 2:14:24 pm

According to officials, although the company had applied for permission to operate with 4,696 employees, they have received permission to put only 600 to work.

Mahindra retools its Detroit auto plant to produce face shields, other medical supplies

April 16, 2020 2:54:00 pm

According to Detroit news, roughly 20 employees at Mahindra's Auburn Hills manufacturing site are making aspiration boxes from the plastic polycarbonate windshields used in their vehicles, as well as face shields and masks.

Tired of paying hefty car insurance premiums?

March 26, 2020 12:59:27 pm

Liberty General Insurance now lets you pay only for the kilometers you drive

Atlantic Canada – A Whole New World

March 17, 2020 4:30:01 pm

Comprised of four provinces on the country’s Atlantic coastline – New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland & Labrador, ‘Atlantic Canada’ has wonderfully different locations to explore, underpinned by a distinct and welcoming maritime culture and super-friendly locals.

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Tier-1, Tier-2 cities make up 25 per cent of Lamborghini India sales

February 13, 2020 6:30:51 pm

Sharad Agarwal, Head of Lamborghini India said that an averange Lamborghini owner in India is in the 25-45 age bracket and most were businessmen or industrialists. Despite this profile, he said, 60-65 per cent of them avail auto finance.

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‘EVs are imminent as they are a better promise than the internal combustion engine’: Shailesh Chandra

February 9, 2020 12:10:50 am

Shailesh Chandra, president, electric mobility business & corporate strategy at Tata Motors, tells The Indian Express electric vehicle future is imminent and he would go with an aggressive portfolio of products.

Auto Expo 2020: Maruti showcases much-awaited off-road vehicle Suzuki Jimny

February 8, 2020 1:17:02 pm

With its compact design and off-road capabilities, the vehicle speaks volumes about Suzuki's engineering capabilities, he added. Suzuki sells the Jimny across 194 countries.

Beginning second half, we may slowly start to get back to normal growth path: Hyundai CEO Seon Seob Kim

February 6, 2020 4:01:39 am

While the company already has its EV rolled out in the market, he said that Hyundai may introduce its mass market EV over the next 2-3 years and that their EV vision is in line with that of the government.

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Expect some pick-up in sales after April: Maruti Suzuki India CEO Kenichi Ayukawa

February 6, 2020 7:33:50 am

Stating that MSIL will focus on small mass EV, he said that industry sales, which have been under pressure for over a year now, should start improving after April once the transition to BSVI is complete and there is an uptick in economy.

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Auto Expo 2020: Concept cars rule as slowdown puts brake on launches; electric mobility takes a backseat

February 6, 2020 7:33:23 am

The biennial event, billed as Asia’s biggest automotive expo in terms of footfalls, was also testament to the sobering realisation that the Centre’s electric mobility push is floundering

Auto Expo 2020: Maruti Suzuki unveils Vitara Brezza with petrol engine

February 6, 2020 4:36:02 pm

Auto Expo 2020 India: The exhibition saw Maruti Suzuki India (MSI), the country's largest carmaker, unveiling its compact SUV Vitara Brezza with BS VI-compliant petrol engine. Meanwhile, Italian two-wheeler maker Piaggio unveiled its premium scooter Aprilia SXR 160, which has been designed specifically for Indian conditions.

China’s Great Wall to buy GM’s last India plant

January 18, 2020 1:07:16 am

China's biggest SUV maker, GWM will officially debut its Haval brand and electric vehicles at the upcoming Auto Expo and launch its Indian market plan.

Audi launches crossover SUV Q8 in India, price starting from Rs 1.33 cr

January 15, 2020 7:57:20 pm

Audi, which once enjoyed a leadership position in the Indian luxury car segment, has devised a strategy for this year and next five years, with a focus on customers, products, network, and digitalisation to revive its growth prospectors in India.

Zero to 60 in 2.2 seconds? 10 electric vehicles to watch

January 1, 2020 4:00:42 pm

Sales of electric autos were double those from the year before, but they were still dwarfed by their fossil-fuel-powered brethren.

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Former Uber CEO Kalanick to resign from company’s board

December 24, 2019 9:58:00 pm

Uber turbocharged the gig economy and since 2010 has logged 15 billion trips. Kalanick was ousted as CEO in the summer of 2017 with the company mired in numerous lawsuits.

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Automobile sector is in transition phase, no threat of job losses: Govt in Rajya Sabha

December 10, 2019 1:39:29 pm

Passenger vehicle sales in India rose marginally in October aided by positive festive season sentiment and introduction of new models in utility vehicle space, just about managing to snap 11 continuous months of decline in sales, according to figures released last month by auto industry body.

Maruti recalls 63,493 units of Ciaz, Ertiga, XL6 to fix faulty component

December 7, 2019 4:36:20 am

A possible defect may have occurred in the MGU during manufacturing by an overseas global part supplier, the company said, adding that vehicles requiring replacement of faulty part will be retained for part replacement free of cost.

Hyundai Motor Co. will spend 20 trillion won ($17 billion) over the next six years on new technology to help make the switch to electric and autonomous vehicles. Announcing its strategic plan to 2025, the South Korean company pledged to spend almost half the new money on electrification. Autonomous driving will soak up 1.6 trillion won of the total, Hyundai said Wednesday. The investment forms part of a surge in spending at Hyundai, which like rivals worldwide faces an expensive future of lower-emissions, battery-powered vehicles. Competitors such as Volkswagen AG have also pledged tens of billions of dollars in investments in electrification. If successful, the plan should create a more profitable business with a global market share of 5% in 2025, up from 4% in 2018, according to Hyundai. Yet most traditional carmakers are heading in the same direction, and all-electric rivals such as Tesla Inc. have a technological head start. That suggests competitive pressures aren’t likely to subside in the next era. German carmakers are set to invest $45 billion in electric vehicles over the next three years, while General Motors Co. is pushing ahead with a plan to sell 20 EV models by 2023. Shares of Hyundai rose 0.4% at 11:49 a.m. in Seoul as the company said it should be more than three times as profitable by the end of the six-year plan. Hyundai wants to widen its operating margin to 8% in 2025 -- up from 2.5% last year -- a level that would make the carmaker among the most profitable on the planet. BMW AG has a margin of 9.3% and Toyota Motor Corp. 8.2%, according to data compiled by Bloomberg, with most other global automakers in the 2%-6% range. Global Sacrifice The transformation will come at a price. Some 27.9 trillion won of costs, the equivalent of $23 billion, will be stripped out of the company in the next three years alone, Hyundai said. That’s part of the sacrifice being made at automakers across the world as the industry tackles a tectonic shift in vehicle technology. At the same time, trade-war tariffs hang over decades-old supply chains that serve a dwindling market. All told, carmakers are cutting more than 80,000 jobs in coming years, according to data compiled by Bloomberg News. The industry will produce 88.8 million cars and light trucks this year, an almost 6% drop from a year ago, according to researcher IHS Markit. Hyundai also said it plans to buy back 308 billion won of shares by early March.

Hyundai commits $17 billion to add electric, driverless cars

December 4, 2019 10:39:02 am

Announcing its strategic plan to 2025, the South Korean company pledged to spend almost half the new money on electrification. Autonomous driving will soak up 1.6 trillion won of the total, Hyundai said Wednesday.