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. […]
Bajaj Auto has just announced its grand entry into the retro-motorcycle market with a new partnership with 118-year-old British brand Triumph. The two companies will jointly develop and market retro-look motorcycles in the Indian market at prices less than Rs 2 lakh — the bread and butter segment for Royal Enfield and Jawa. Until about […]
Maruti Suzuki, India’s No.1 car maker, said its SUV-like mini car, S-PRESSO, has crossed the 10,000 unit sales mark within the first month of its launch — an important milestone that puts the model in the top 10 selling cars in the country. The best-selling cars in the country, such as the Swift, moves around […]
Maruti Suzuki has increased the price of the 1 liter version of mid-size hatchback Wagon R by Rs 8,000, excluding tax in Delhi, on the occasion of the transition to the new BS-VI emission norm. The new car is available from dealers, the company said, making it one of the first BS-VI compliant cars in […]
Royal Enfield, the country’s biggest maker of premium motorcycles, is unlikely to offer last minute, stock-clearance discounts as part of the BS-VI transition, given that strong festival sales helped clear out much of its inventory. According to company officials, the festival sales this year have been so strong that they have effectively cleared out any […]
Tata Motors’ UK unit Jaguar Land Rover reported a 5.5% decline in its October retail volumes, largely in line with the performance seen in recent months. However, the dip indicated a reversal from September, when it had posted largely flattish numbers and strong sales of 56,832 units. In October, the company has been able to […]
Royal Enfield, the country’s most popular premium motorcycle brand, reported a 22% decline in its September quarter motorcycle sales, even as revenue for parent Eicher Motors fell 9%. Royal Enfield sold 1.63 lakh motorcycles during the three months, down from 2.10 lakh motorcycles sold over the same period in 2018, even as it invests heavily […]
The arrival of the festival season a month earlier than last year helped Maruti Suzuki report a decent auto sales growth for October 2019. Maruti Suzuki reported a 2.5% increase in its domestic market sales in October to 1.41 lakh vehicles, compared to 1.38 lakh in October last year. This comes after a string of […]
Minda Industries, one of the world’s biggest auto-parts makers, said it will acquire German autoparts maker Delivis Group for 21 mln euros (Rs 163 cr). Minda, which supplies parts to almost all major automakers in India including Maruti Suzuki, said the acquisition is designed to “maintain technology leadership in lighting products market in India”. Delvis […]
Mahindra & Mahindra, one of India’s biggest home-grown automakers, reported continued pain in its passenger vehicle department, but sales decline a its commercial vehicle and tractor divisions seemed to show signs of moderation in September. Domestic sales of passenger vehicles were down 33% in September, doing worse than August, when they had declined 32%. The […]
Subramanian Swamy is often accused of propagating outlandish ideas and suggestions, but at least on the issue of addressing a slowdown in India’s GDP growth, he seems to be closer to the truth than India’s ruling establishment. Both Sitharaman and Swamy are united in recognizing the need for a ‘stimulus’ to nudge the economy from […]
Ashok Leyland, flagship of the Hinduja Group, said it has received BS-VI emission norm certificates for all its heavy duty truck, ahead of the April 1 deadline for the switch over to the new fuel and emission standard. All of the company’s trucks with a rating of 16.2 tons or above have received certificates from […]
Hero MotoCorp, Tata Motors and Royal Enfield have reported sharp declines for their August 2019 auto sales. While Hero MotoCorp, the world’s largest motorcycle manufacturer by volumes, reported a 21% fall in August sales to 5.43 lakhs, Royal Enfield reported a 24% decline and Tata Motors reported a 48% fall. Hero MotoCorp’s numbers indicated an […]
Maruti Suzuki, India’s largest carmaker, said customers can now request paid and free services and repairs for their cars at their home. The company announced a new doorstep service called ‘service on wheels’. The facility will be available for both regular cars as well as those sold via NEXA dealerships. This will not only benefit […]
Royal Enfield, one of the biggest manufacturers of premium motorcycles in India, today refuted reports that the company could face an increase in input costs if it does not source an electrical component from a Delhi-based autoparts maker. The Mint newspaper carried a report today claiming that most motorcycle makers source the electrical rectifier — […]
