Mahindra opens first assembly unit in Sri Lanka

Mahindra & Mahindra Ltd., the automotive arm of the Mahindra Group, has started operations at its first assembling plant in Sri Lanka, jointly with local firm Ideal Motors. Mahindra Ideal Lanka will assemble KUV100, a compact SUV, with a production capacity of 5,000 units per annum. Spread over 10 acres, the plant is expected to […]

Maruti Suzuki releases ‘first sketch’ of Innova-rival XL6, launch soon

Maruti Suzuki, India’s largest carmaker, released the ‘first sketch’ of XL6 — its ‘premium three-row vehicle’ that is likely to take on the likes of XUV500 and Toyota Innova. The XL6 is based on the Ertiga platform, but offers upgraded features and is more ‘sporty’ with greater ground clearance than the Ertiga. The Ertiga itself […]

Mahindra July auto sales down 15%

Mahindra & Mahindra Ltd. (M&M Ltd.), the second biggest home-growth automaker, reported a 15% fall in its July auto sales, shortly after Maruti Suzuki reported a 33% decline. Total domestic auto sales was down 16%, versus 35% for Maruti Suzuki. The decline in its Utility Vehicle sales, which account for about 40% of the company’s […]

Maruti Suzuki July auto sales down a whopping 35% in India

Maruti Suzuki reported one of the worst auto sales declines in recent years, with sales in India falling 35.1% to 98,210 vehicles in July 2019. The company had seen a decline of 17.3% in its India retail sales in the previous month, which stood at 1.11 lakh. The decline in July was similar across the […]

Tata Motors’ Q1 bleeds due to wider losses at JLR

Tata Motors, the biggest home-grown automaker, reported a loss of Rs 3,698 cr loss as UK subsidiary Jaguar Land Rover continued to bleed. The company had posted a loss of Rs 1,902 cr in the same quarter last year, and had reported a profit of Rs 1,117 cr in the preceding quarter (Jan-Mar). The biggest […]

Fitch cuts Tata Motors’ credit rating over Europe, India worries

Fitch Ratings has downgraded the long-term credit rating of Tata Motors by one notch to BB- from BB due to both domestic as well as JLR-related factors. The rating agency further kept a negative outlook on the company’s rating, pointing to various factors such as further uncertainty in Britain over its exit from Europe, increasing […]

TVS’s Ethanol bike priced at Rs 1.2 lakhs, top speed 129 kmph

TVS Motor Co has launched a unique bike that could play a part in reducing India’s dependence on oil imports — a two-wheeler that runs on ethanol produced from plants instead of petrol. The TVS Apache RTR 200 Fi E100 has been priced at Rs 1.2 lakhs ex-showroom, and will be available in Maharashtra, Uttar […]

Maruti Suzuki cuts PV production in June by 26% vs May

Maruti Suzuki, the country’s largest auto maker, has reported a 26% month-on-month fall in the production of passenger vehicles for the month of June, 2019. Compared to the same month of last year, the decline was 16.3%. The company reported total passenger vehicle production of 109,641 for June 2019, compared to 148,095 vehicles produced in […]

Bank of Baroda offers inventory loans to Maruti Suzuki dealers

Maruti Suzuki, which controls about half of India’s car market, said it has signed an agreement under which Bank of Baroda will provide loans to its dealers and customers. Under the agreement, Maruti Suzuki dealers will be able to get loans from Bank of Baroda by giving their inventory or stock as collateral. The move […]

Mahindra announces price increases of up to Rs 36,000 for its SUVs and cars

Mahindra & Mahindra, one of India’s largest car and SUV makers, announced that the prices of its cars and SUVs will jump by up to Rs 36,000 due to new safety norms that kick in from July 1. The biggest price increases will be felt on cheaper and older models such as Scorpio, Bolero, TUV300 […]

Hero Splendor is the first BS-VI bike in India

Two-wheeler manufacturer Hero MotoCorp Ltd said that it has received the BS-VI certification for its Splendor iSmart motorcycle, becoming the first two-wheeler manufacturer in India to receive the stamp. Hero MotoCorp said that it received the Type Approval Certificate from International Centre for Automotive Technology (ICAT) for the Splendor iSmart model, after it was successfully […]

Ashok Leyland reports 4% decline in domestic sales of medium and heavy commercial vehicles in May

Commercial vehicle maker Ashok Leyland reported a 4% drop in domestic sales of medium and heavy commercial vehicles in May as the Indian auto industry grapples with an overall slowdown. Within the medium and heavy commercial vehicle segment, truck numbers fell by 168 units or 2% to 7,325, while bus numbers declined by 173 units […]

Raymond’s auto-parts unit opens new plant in Sinnar

Automotive parts and components manufacturer Ring Plus Aqua Ltd, a subsidiary of Raymond Ltd, announced the opening of its third manufacturing facility at Sinnar, Maharashtra. The new plant will produce starter ring gears, transmission flex-plates and integral shaft water pump bearings, Ring Plus Aqua Ltd said. Ring Plus Aqua has already two manufacturing facilities near […]

Maruti Suzuki to set up Solar Power Plant in Gurugram facility

Automobile manufacturer Maruti Suzuki said it has laid the foundation stone for a 5 MW Photovoltaic solar power plant at its manufacturing facility in Gurugram. The solar plant is likely to be commissioned in FY 2019-20, Maruti Suzuki said. Maruti Suzuki said that it will invest around Rs 24 crores and will offset carbon dioxide […]

TVS Motors launches upgraded version of sports bike TVS Apache RR 310

Two-wheeler maker TVS Motors said it launched an upgraded version of its sports bike TVS Apache RR 310 model with Race Turned (RT) Slipper Clutch technology. The upgrade provides swift gear shifting with low hand fatigue and maintains the vehicle’s stability at high speed during downshifts, especially in corners, TVS Motors said. The slipper function […]

Setco gets orders for clutches for BS-VI trucks

Setco Automotive Ltd, the largest clutch manufacturer in the medium and commercial vehicle segment (MHCV) in India, said it received approvals from leading truck manufacturers for supply of BS-VI compliant clutches. BS or Bharat Stage refers to emission regulation standards set by Indian regulatory bodies. BS norms are largely similar to the European emission norms […]

Ashok Leyland bags order for 400 minibuses from Senegal

Commercial vehicle maker Ashok Leyland said it received an order from Senegal-based bus manufacturing firm Senbus Industries for supplying 400 units of Eagle 916 minibuses worth Rs 16.2 crores. Senegal will start receiving the buses towards the end of June this year. Eagle 916 buses, developed exclusively for the African market, feature inline pump technology […]