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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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TVS Motors recorded flat November sales; three-wheeler segment down 24%

TVS Motors recorded flat November sales; three-wheeler segment down 24%

Thu, Dec 01, 2016

The company said, "Due to the demonetization exercise, the Company witnessed a short-term impact on November sales."

M&M's November sales decline 22%

M&M's November sales decline 22%

Thu, Dec 01, 2016

Pravin Shah, President & Cheif Executive (Automotive), M&M said, “While we expected an improved auto industry performance on the back of the festive season and other positive parameters such as rural demand and interest rates softening, the sudden announcement of demonetisation has brought in an immediate disruption and uncertainty.”

Eicher Motors' November sales up by 41%, shares gain

Eicher Motors' November sales up by 41%, shares gain

Thu, Dec 01, 2016

Motorcycles with engine capacity up to 350 cc saw sales of 52,359 units, up by 40% from 37,455 units in November 2015. Models exceeding 350 cc stood at 4,954 units, increasing by 49% versus 3,314 unit in same month a year ago.

Maruti Suzuki's November sales rise by 12%; domestic sales up 14%

Maruti Suzuki's November sales rise by 12%; domestic sales up 14%

Thu, Dec 01, 2016

This month, Maruti sold 9,67,67 units of passenger vehicle, rising by 8.1% year-on-year (yoy). From the total - compact vehicles like Swift, Ritz, Celerio, Baleno and Dzire took the limelight increasing by 11% to 49,431 units. Utility vehicles once again were the highlight for Maruti.

Demonetisation: 90% traders surveyed experience business decline

Demonetisation: 90% traders surveyed experience business decline

Fri, Nov 25, 2016

These include jewellers and those dealing in furniture, and sanitaryware, among other items, the survey said.

India's consumption demand may take over one year to recover from demonetisation shock

India's consumption demand may take over one year to recover from demonetisation shock

Tue, Nov 22, 2016

“Consumption demand may take 1-6 quarters to recover on account of demonetisation.” One quarter is a three-month period that a fiscal year is divided into. A fiscal year, hence, has four such quarters.

Tata Motors' JLR sales up 11% in October

Tata Motors' JLR sales up 11% in October

Mon, Nov 07, 2016

The company said that its asles in China were up 39%, Europe up 25%, the UK and North America both up 8% but other overseas markets down 22%.

GM cautiously ramps up Bolt electric car production

GM cautiously ramps up Bolt electric car production

Sun, Nov 06, 2016

The Bolt and the Model 3 represent contrasting strategies to push electric vehicles into the mainstream of the U.S. auto market.

Maruti Suzuki shares dive as October car sales drop

Maruti Suzuki shares dive as October car sales drop

Tue, Nov 01, 2016

Utility vehicle sales like Ertiga, S-Cross, Vitara Brezza jumped 90.9% in the given month at 18,008 units as against 9,435 units. However, Omni and Eeco sales dropped 6.5% that took that total domestic passenger vehicle sales to just 2.2% rise in October 2016.

Honda, Maruti best at after-sales customer service: JD Power Survey

Honda, Maruti best at after-sales customer service: JD Power Survey

Fri, Oct 28, 2016

According to JD Power 2016 India Customer Service Index (CSI) Study, “Even as automotive manufacturers collectively improve their after-sales service satisfaction for the eighth consecutive year in India, satisfaction levels and service consistency vary greatly across the regions of the country.”

Volkswagen posts 2.28 billion-euro profit one year after 'Dieselgate'

Volkswagen posts 2.28 billion-euro profit one year after 'Dieselgate'

Thu, Oct 27, 2016

The still incalculable costs of the affair -- including regulatory fines and legal costs -- pushed VW into the red for the first time in more than 20 years last year when it booked a loss of 1.6 billion euros due to the provisions it was forced to set aside.

Maruti Suzuki net profit rises by 60% to Rs 2398 crore

Maruti Suzuki net profit rises by 60% to Rs 2398 crore

Thu, Oct 27, 2016

Maruti Suzuki second quarter performance of this fiscal beats estimates by reporting net profit of Rs 2398 crore, a growth of 60.2% from Rs 1497 crore in the corresponding period of the previous year.

Hero MotoCorp invests in smart electric-vehicle maker

Hero MotoCorp invests in smart electric-vehicle maker

Thu, Oct 27, 2016

Hero MotoCorp said, "Adoption of environment-friendly fuel is a priority for Hero MotoCorp, as is propagating sustainable manufacturing through green facilities. With this Hero Motocorp intends to enhance its participation in the EV space by pursuing its internal EV program in addition to partnering with Ather.

Unseasonal rains may play spoilsport for two-wheeler companies

Unseasonal rains may play spoilsport for two-wheeler companies

Wed, Oct 26, 2016

Moreover, two-wheeler makers in India might be pushing dealers to bill vehicles with sub-dealers as 'sales' to push up numbers.

Tata Motors lines up slew of models to take on rivals

Tata Motors lines up slew of models to take on rivals

Sun, Oct 23, 2016

Targetting to become the third biggest passenger vehicle maker in India by 2019-20 after Maruti Suzuki and Hyundai, homegrown auto major Tata Motors is lining up a slew of new products, including a compact SUV, premium hatchback and an executive sedan.

Renault-Nissan's Ghosn to head Mitsubishi Motors

Renault-Nissan's Ghosn to head Mitsubishi Motors

Wed, Oct 19, 2016

Nissan chief Carlos Ghosn will become chairman of Mitsubishi Motors after Japan`s number two automaker announced a major investment in its scandal-hit rival, a report said Wednesday.

Endurance Technologies' jumps 25% on its listing debut; Actis exits Co

Endurance Technologies' jumps 25% on its listing debut; Actis exits Co

Wed, Oct 19, 2016

UK-based private equity Actis Advisers Pvt Ltd issued a statement saying that it has exited Endurance Technologies via IPO. It had 13.72% stake in the IT company.

Ashok Leyland launches electric bus; shares up

Ashok Leyland launches electric bus; shares up

Mon, Oct 17, 2016

Vinod K Dasari, Managing Director of Ashok Leyland said, The Circuit series of buses is another testament to Ashok Leyland’s commitment to leverage India’s technological innovation to deliver relevant and best-in-class solutions for India and the world.”

Toyota, Suzuki eye partnership as industry consolidates

Toyota, Suzuki eye partnership as industry consolidates

Wed, Oct 12, 2016

"As such, the industry is required to work not only on conventional automobile R&D (research and development), but also on R&D for advanced and future technologies in the fields including environment."

Festive demand, Pay Commission to boost auto sector's second quarter numbers

Festive demand, Pay Commission to boost auto sector's second quarter numbers

Tue, Oct 11, 2016

Hitesh Goel and Nishit Jalan analyst of Kotak Institutional Equities said, “We expect a strong quarter for automobile companies in our coverage universe led by strong demand as manufacturers push inventory ahead of the festive season.”

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