Talbros, one of India’s largest automobile components makers, reported a 16% increase in its full-year revenue for the year ended March, making it one of the few companies in India to report full-year growth. Full-year growth was made possible by a whopping 73% jump in revenues for the fourth and final quarter than ended in […]
Baba Kalyani, chairman and managing director of India’s largest forging and metal components manufacturer Bharat Forge, today expressed the opinion that the current economic setback on account of the second wave of COVID-19 is of a temporary nature. “The lock down in India to curtail the spread of Covid has clearly had an impact on […]
Hero MotoCorp, which announced a partnership with Taiwan-based battery swapping company Gogoro, said its new range of e-bikes with swapping technology will hit the Indian market next year, possibly as early as Jan-Mar. Niranjan Gupta, Chief Financial Officer at the world’s largest two-wheeler maker, said the company is working on bringing out electric bikes that […]
Mahindra Group said it has set up a automotive design center in the UK to help it come out with “sophisticated, authentic SUVs with an unmissable presence”. The group, home to India’s second-biggest home-growth automaker, said Mahindra Advanced Design Europe will further sharpen its “distinctive product designs and differentiated technology offerings” to further its connected […]
Tata Motors, which has been setting new records for auto sales in recent months, said it has decided to “calibrate” production of its vehicles with actual demand to prevent oversupply and a pile up of inventory at the company and dealers. “The lock-down enforced in various parts of the country is expected to impact vehicle […]
Hero MotoCorp, the world’s largest maker of two-wheeler vehicles, today announced a tie-up with Taiwan-based Gogoro to introduce the latter’s battery swapping technology in India. Hero MotoCorp, one of the biggest makers of electric scooters in India, will bring Gogoro’s battery swapping platform to India. Under the agreement, Hero will get access to Gogoro’s innovations […]
Strong sales in China helped UK-based luxury carmaker Jaguar Land Rover report a 12.4% jump in retail sales for the Jan-Mar period of 2021. China sales were up 127% compared to a year ago when that market was heavily impacted by Covid-19. Sales in North America were also up year-on-year (+10.4%), while other regions remain […]
In what is likely to become a norm soon, Hero MotoCorp has announced that it will vaccinate its entire workforce, including contract workers, against COVID-19 at its own cost. “With the government opening up the vaccination process against the coronavirus for the corporate sector, we have decided to vaccinate our workforce and other stakeholders within […]
Maruti Suzuki continued to see strong momentum in its auto sales, assuaging fears that auto sales will soon run out of steam as pent up demand vehicles start running out. However, India’s largest car maker reported total sales of 1.67 lakh in March, compared to 1.64 lakh in February. The number is double the 83,792 […]
Maruti Suzuki has said that it will go for a round of price increases next month (April), its second in four months. The company had increased prices of its cars and utility vehicles on Jan 18 this year, citing rising commodity costs. “Over the past year the cost of company’s vehicles has been impacted adversely […]
The total number of FASTags issued by various agencies has crossed the 3 cr (30 mln) mark, minister Nitin Gadkari said today. This represents about 15% of the estimated 200 mln or so vehicles who are eligible for using such tags. FASTags are a form of RFID-based auto-debit mechanism being implemented across the country to […]
TVS Motor Co, one of India’s top two-wheeler makers, has launched the 2021 version of its successful mid-range motorbike Apache RTR 160 4V. The bike remains largely similar to the outgoing model, but does get a more favorable power-to-weight ratio thanks to shedding 2 kg. The bike is aggressively priced at Rs 1.07 lakh for […]
Hero MotoCorp, the country’s largest two-wheeler maker, is offering a discount of Rs 5,100 on all its scooters till Mar 12 as long as the purchase is made in the name of a woman. Given that Hero’s scooters typically range from around Rs 64,000 to Rs 75,000 on road, this translates to a discount of […]
Tata Motors, the country’s largest commercial automaker, reported the best set of numbers for any automaker in India so far for the month of February as both commercial and passenger vehicle sales zoomed. Even as sales for most of its rival truck makers continue to remain spotty, Tata Motors reported a substantial increase in its […]
Continuing to ride the increased momentum in sales ever since the Coronavirus lockdown was relaxed last year, Mahindra & Mahindra reported its strongest growth in passenger vehicles in over a year. The company’s passenger vehicle sales jumped 41% for the month of February, a welcome relief in a year when they’ve so far been down […]
Maruti Suzuki today launched the all-new Swift 2021, three years after it gave India’s most popular hatchback a overhaul with its 2018 edition. While the 2018 model was a complete makeover that changed the very shape of the car, Maruti Suzuki 2021 carries over much of the design language of its predecessor. Perhaps the biggest […]
TVS Motor Co, one of India’s top motorcycle makers, said it appointed industry veteran Timothy Prentice as vice president in charge of design. Having started his career at Honda’s US-based R&D team, Prentice won the Red Dot award for designing electric motorcycle Mission R in 2010. Prentice has helped brands such as Triumph Motorcycles, Polaris, […]
Two- and three-wheeler maker TVS Motor Co said it has appointed a new distributor for the UAE market and inaugurated a new, 2,000 sq ft showroom. The company also plans to significantly scale up its offering in the country. The new distribution arrangement was signed with Public Motors, a unit of Ghaf Investments LLC. The […]
Sales of Tata Motors passenger vehicles has almost doubled in January to 26,978 units from 13,894 units in January of last year — marking the highest ever monthly sales for the company. The previous high was in November, when it sold 23,617 passenger vehicles. The exact break-up of which models did how much in terms […]
Maruti Suzuki, the country’s largest carmaker, may soon offer a new product for companies with a large fleet of vehicles, such as taxi operators, BPOs and IT companies. The company has called for a shareholder vote on including fleet management services in its memorandum of association — the most basic document of a company that […]
