Royal Enfield sales down 22% in July-September

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 […]

Minda Inds buys German automotive lamp maker for Rs 163 cr

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 […]

Strong monsoon helps cushion Mahindra’s September auto sales decline

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 […]

COLUMN: Why we should welcome a recession

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 gets BSVI certifications for its heavy trucks

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, Royal Enfield posts sharp falls in August auto sales

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 […]

Royal Enfield says BS-VI plans on track

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 — […]

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 […]

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 […]