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Zeegnition: How special was the year 2023 for the Auto Sectors?

Zeegnition: How special was the year 2023 for the Auto Sectors?

Tue, Dec 26, 2023

Zeegnition | What was special in 2023 for the auto sector, what were the big events and much more... See this special glimpse of 2023.

Automakers halt production in India due to coronavirus

Automakers halt production in India due to coronavirus

Mon, Mar 23, 2020

India`s biggest automaker Maruti Suzuki India and peers including Mahindra & Mahindra, Mercedes-Benz, Fiat Chrysler Automobiles (FCA) as well as Hyundai Motor Co said they will halt car production in the country due to the coronavirus outbreak

Coronavirus effect: Volkswagen brand to suspend production in Eur...

Wed, Mar 18, 2020

Coronavirus effect: Automobile major Volkswagen Passenger Cars brand will gradually suspend production at its European plants from Thursday for two weeks.

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Honda Motorcycles sales rise by 34% in April

Honda Motorcycles sales rise by 34% in April

Tue, May 02, 2017

Honda said that this was its highest ever sales in single month. Yadvinder Singh Guleria, Senior Vice President - Sales and Marketing, Honda Motorcycle and Scooter India Pvt. Ltd.said, “April 2017 results mark a great entry for Honda into the new financial year! Honda sold a total of 578,929 two-wheelers with phenomenal 34% growth on the back of customer demand for Honda’s upgraded BS-IV portfolio.”

Eicher Motors' April sales' rises by 25%

Eicher Motors' April sales' rises by 25%

Mon, May 01, 2017

Eicher Motors, manufacturer of Royal Enfield, recorded 25% rise in April 2017 sales. The company sold 60,142 units this month compared to 48,197 units in the similar month of the previous year.

Maruti Suzuki records 19.5% rise in car sales April

Maruti Suzuki records 19.5% rise in car sales April

Mon, May 01, 2017

Total passenger cars sold this month were109,505 units, up by 26.6% as against 86,481 units sold in April 2016. Among which, compact segment stole the limelight by recording sales of 63,584 units - a whopping increase of 39.1% on year-on-year (YoY) basis.

U.S. to probe Japanese, German automakers over alleged patent violations

U.S. to probe Japanese, German automakers over alleged patent violations

Mon, May 01, 2017

The U.S. International Trade Commission (USITC) on Friday listed 25 companies in the probe, including BMW, Honda Motor Co Ltd, Toyota Motor Corp, along with Japanese parts suppliers Aisin Seiki Co Ltd and Denso Corp.

Maruti Suzuki Q4 net profit at Rs 1709 crore; offers Rs 75 per share dividend

Maruti Suzuki Q4 net profit at Rs 1709 crore; offers Rs 75 per share dividend

Thu, Apr 27, 2017

Maruti said, "Growth in volumes, increase in share of the company's higher segment models, benefits due to full capacity utilisation and cost reduction efforts contributed to increase in profits. This was partially offset by increase in commodity prices and adverse forex movement."

Maruti Suzuki Q4Y17: Performance of Baleno, Brezza to take limelight

Maruti Suzuki Q4Y17: Performance of Baleno, Brezza to take limelight

Thu, Apr 27, 2017

During January – March 2017, analysts expect Maruti's both top-line (revenue) and bottom-line (net profit) to be healthy on the back strong performance from Baleno and Brezza. A little push would also be from newly commenced Gujarat plant.

Tata Motors' JLR sold over 6 lakh vehicles in FY17

Tata Motors' JLR sold over 6 lakh vehicles in FY17

Fri, Apr 07, 2017

Andy Goss, Jaguar Land Rover Group Sales Operations Director said: “These numbers set the seal on Jaguar Land Rover’s seventh successive year of sales growth, by breaking through the 600,000 barrier."

BS III extension: Hero MotoCorp says it may face Rs 1,600 crore loss

BS III extension: Hero MotoCorp says it may face Rs 1,600 crore loss

Tue, Mar 28, 2017

The Government on Monday told the apex court that it agrees with the interpretation of automakers that April 1, 2017 is a deadline to stop production of BSIII vehicles and not sale.

CV sales growth lower than expected in last quarter of FY17

CV sales growth lower than expected in last quarter of FY17

Tue, Mar 28, 2017

While the change to the new Bharat Stage IV emission norms by April 1 was expected to push pre-buying in Q4, the recovery in CV sales has been lower than expected.

Govt asks Supreme Court to allow BS III vehicles sales post April 1

Govt asks Supreme Court to allow BS III vehicles sales post April 1

Mon, Mar 27, 2017

The central government on Monday pleaded to the Supreme Court to allow carmakers to sell BS III vehicles after April 1.

Toyota drives in luxury brand Lexus to India with 3 models

Fri, Mar 24, 2017

Lexus introduced the RX Hybrid model priced at Rs 1.07 crore, RX F Sport hybrid at Rs 1.09 crore and ES 300h hybrid sedan priced at Rs 55.27 lakh (all prices ex-showroom).

Uber stalls India leasing scheme as driver incomes drop - sources

Uber stalls India leasing scheme as driver incomes drop - sources

Fri, Mar 24, 2017

Uber had planned to buy 15,000 new cars last year and lease them out in a bid to attract more drivers - a strategy it has used in other markets - but it suspended the scheme for a while in December after leasing just a third of that total.

Tata Motors agreement with Volkswagen is credit positive: Moody's

Tata Motors agreement with Volkswagen is credit positive: Moody's

Thu, Mar 16, 2017

Tata Motors agreement with German-automaker Volkswagen Group is credit positive, Moody's said. On March 10, 2017, Tata Motors said that it has signed a memorandum of understanding (MoU) for a long-term partnership with VW and Skoda for joint development of products.

Tesla to raise about $1.15 billion in stock, notes; Musk to buy shares

Tesla to raise about $1.15 billion in stock, notes; Musk to buy shares

Thu, Mar 16, 2017

Some Wall Street analysts had predicted that Tesla would seek to raise as much as $2.5 billion in capital.

Two-wheeler sales to close FY17 with 7-8% growth: Report

Two-wheeler sales to close FY17 with 7-8% growth: Report

Mon, Mar 13, 2017

The note ban-induced liquidity crisis has resulted in sales falling 11.3% between November and January. The conversion to BS-IV emission norms, which is coming into effect from April, also resulted in some inventory correction taking place across OEMs from February.

Hyundai decides to discontinue i10

Hyundai decides to discontinue i10

Thu, Mar 09, 2017

South Korean automaker Hyundai has decided to phase out its popular hatchback i10 in India as it shifts focus to more premium and modern products.

SIAM does not seek deferment of BS-IV norms

SIAM does not seek deferment of BS-IV norms

Wed, Mar 08, 2017

SIAM rejects request to urge government to defer the BS-IV emission norms on April 1.

General Motors to lay off over 1000 workers in US

General Motors to lay off over 1000 workers in US

Tue, Mar 07, 2017

The Detroit-headquartered company is eliminating the third shift at its Lansing Delta Township plant which makes three SUVs built on the same platform -- the Chevrolet Traverse, the Buick Enclave and the GMC Acadia.

Bajaj Auto February sales nearly flat at 2.73 lakh units; shares gain

Bajaj Auto February sales nearly flat at 2.73 lakh units; shares gain

Thu, Mar 02, 2017

Year-to-date (April 2016 - February 2017) this fiscal, the company has sold a total of 33,93,753 vehicles, which decreased by 5% compared to 35,87,781 vehicles sold in the corresponding period of previous year.

Tata Motors' February sales rise 2% to 47,573 units

Tata Motors' February sales rise 2% to 47,573 units

Wed, Mar 01, 2017

"Passenger vehicles growth was due to continued strong demand for the Tata Tiago. The company has also received an encouraging response to its recently launched lifestyle UV, Tata Hexa, " said Tata Motors.

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