Maruti Suzuki and Escorts have reported strong auto sales numbers for August 2020. While Escorts report an all-time high for its monthly tractor sales, Maruti Suzuki reported a 21.3% year-on-year jump in passenger vehicle sales, possibly indicating a move by consumers away from public transport. The company sold 1.13 lakh passenger vehicles, up from 93,174 […]
One of the remarkable aspects of post-lockdown two-wheeler sales in India has been the surge seen in the numbers of Hero MotoCorp, India’s largest motorcycle maker. While sales trends were largely depressed for rivals Honda (down 37% in July), Bajaj Auto (down 23%), TVS (-16%) and Royal Enfield (-23%), Hero — despite its massive market […]
Maruti Suzuki India said it has tied up with NS Raghavan Center Entrepreneurial Learning at IIM Bangalore to scout out start-ups in the automobile sector. Maruti Suzuki, India’s biggest carmaker, will look for technology-based innovations that can be applied in the mobility sector. Among the focus areas will be digital, data and AI/ML in the […]
Tata Motors and JLR’s bet on reviving the original spirit of Land Rover with the Defender brand seems to be paying off, with the first model already notching up enough orders to keep the production lines busy for the rest of the year. Adrian Mardell, Chief Financial Officer of Jaguar Land Rover, called the launch […]
Bajaj Auto, one of India’s biggest motorcycle manufacturers, said it is yet to see any down-trading or change of behavior among motorcycle buyers in India due to the COVID pandemic, and that demand is already at 80-85% of normal levels. Speaking to investors and analysts after the company’s quarterly results last week, executive director Rakesh […]
Maruti Suzuki, the country’s largest carmaker, has started a car subscription service in India in association with ORIX, a Japan-based car rental service provider. Car subscriptions are like car leasing, but with more flexibility that comes at typically higher costs. Unlike car leasing, car subscriptions typically do not come with conditions such as travelling limits. […]
Bajaj Auto, one of the biggest exporters of two-wheelers in the world, said it sold 31% fewer automobiles during June, suffering from the after-effects of the Coronavirus lock-down in India and in other markets. The impact of the lockdown was felt on both India sales and exports, with a sharper decline seen on three-wheeler sales […]
Mahindra & Mahindra, one of the top two Indian automakers, said it is nearing the end of a major capital expenditure cycle, and is poised to launch upgraded versions of its sports utility vehicles that will offer unmatched value compared to its rivals’ products. It said it is nearing the end of heavy investments both […]
Hero MotoCorp, the world’s largest two-wheeler maker, said it has cut its estimate for expenditure on capital expenses — such as factory expansion — by half for the current year due to the COVID-19 pandemic. The company had said it would invest Rs 10,000 cr in the next five to seven years for product development, […]
Maruti Suzuki has come out with a range of health-related products and car accessories keeping in mind the ongoing COVID-19 pandemic. The most interesting of these is the ‘car cabin separator’, a PVC shield that can be kept behind the front seats to seal off the front and back sections of the car. “The car […]
With the Coronavirus lockdown putting people’s livelihoods in danger, India’s largest carmaker Maruti Suzuki said initial trends indicated more customer inquiries smaller cars. The company’s showrooms had shut on March 23 and re-opened only earlier this month. “Initial inquiry trends that we have seen so far, since the showrooms have opened, suggest that trend,” said […]
Hero MotoCorp said it has sold 10,000 motorcycles and two-wheelers since its dealerships and showrooms opened after a 41-day lockdown earlier this month. As of today, said the world’s largest manufacturer of motorcycles and scooters, it has opened more than 1,500 outlets and service centers which account for around 30% of the company’s total retail […]
TVS Motor Co, one of India’s top three two-wheeler makers, said it is getting ready to restart manufacturing operations after registering zero sales for the month of April due to the pan-India Coronavirus lockdown. “TVS Motor Company is gearing up to restart operations as per state guidelines and is undertaking strong measures to safeguard the […]
VE Commercial Vehicles, a joint venture between Sweden’s Volvo Group and India’s Eicher Motors, said it has received permission from the government to restart manufacturing operations at its commercial vehicle manufacturing plant in Madhya Pradesh. Considering the wider lock-down in place, it said, it is not planning on any immediate ramp-up in manufacturing operations. “The […]
Escorts Ltd, one of India’s oldest motor and equipment makers, said Japan-based Kubota Corporation, one of the top tractor makers in the world, will take a 10% stake in the Indian company for Rs 1,042 cr. The partnership, which will go beyond equity participation, will “integrate and deepen their relationship towards achieving their mutual ambition […]
Bharat Heavy Electricals Ltd, India’s largest electrical equipment maker, said it has won a contract to supply electric buses for the Gorakhpur airport. A new airport for the Uttar Pradesh city, spread over 300 acres, will be set up on the Gorakhpur-Varanasi highway. At present, there is a small airport at Gorakhpur which is serviced […]
Maruti Suzuki has delivered a BS-VI upgrade to its popular WagonR car without implementing a price change, unlike the petrol version. The new, BS-6 compliant WagonR S-CNG Lxi will continue to be available at a price of Rs 5.25 lakh in Delhi, excluding RTO charges. The only other CNG trim, Lxi (O) will continue to […]
Amara Raja Batteries Ltd, India’s biggest manufacturer of lead acid batteries, reported a modest increase in revenue, and said it continued to face a demand slow down in its key markets of automobiles and telecom. “The automotive sector is facing challenges of demand uncertainty due to social, regulatory and technological changes,” said Vice Chairman and […]
Maruti Suzuki, India’s largest carmaker, reported a sharp decline in the sales of its larger cars and utility vehicles in January, even as sales of small and compact cars remained resilient. Sales of Ciaz, the mid-segment sedan that costs around Rs 10 lakh, fell by a whopping 71.5% to 835 units in January compared to […]
After a slow 10 months, Escorts – one of India’s largest tractor makers – reported a 1.2% growth in tractor sales in India during January this year compared to the same month of 2019. The growth indicates a slight increase in the company’s sales trends compared to the rest of the financial year so far. […]
