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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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Africa is giving India's two-wheeler makers sleepless nights

Africa is giving India's two-wheeler makers sleepless nights

Mon, Oct 10, 2016

Exports of two-wheelers shrank 12.45% in the first half of current fiscal. at 11.83 lakh units compared to 13.51 lakh units in the same period of last year. While three-wheelers were hit more severely and dropped 39.32%, at 1.59 lakh units.

This is how India Inc's second quarter performance may shape up

This is how India Inc's second quarter performance may shape up

Mon, Oct 10, 2016

Prasad Koparkar, Senior Director, CRISIL Research said," The second quarter, we expect sectors focused on urban and rural consumption such as automobiles and retail, along with pharmaceuticals and IT services, to record double-digit revenue growth.”

Endurance Technologies IPO over-subscribed on last day

Endurance Technologies IPO over-subscribed on last day

Fri, Oct 07, 2016

Automobile component maker Endurance Technologies' Initial Public Offering (IPO) is fully subscribed. Friday October 7 is the last day for investors to place their bids and by afternoon, the IPO received bids of around 2.19 crore shares, for the total issue size of 1.73 crore shares.

Car sales may grow in double digits this year, SIAM says

Car sales may grow in double digits this year, SIAM says

Fri, Oct 07, 2016

SIAM said that total passenger vehicle sale in the given month stood at 2,78,428 units as against 2,32,170 units.

Tata Motors says JLR sales up nearly 30% in September

Tata Motors says JLR sales up nearly 30% in September

Fri, Oct 07, 2016

Andy Goss, Jaguar Land Rover Group Sales Operations Director said, "September is always an important month for the automotive industry and we are proud of our results. Performance was strong in China and Europe, where collectively we sold almost 23,000 cars this month alone.

Maruti Suzuki sells over 1.3 lakh Balenos since launch

Maruti Suzuki sells over 1.3 lakh Balenos since launch

Tue, Oct 04, 2016

RS Kalsi Executive Director Marketing and Sales of Maruti Suzuki said, "Baleno is one of the big success stories of the Indian auto industry. It is truly a symbol of Make in India campaign.”

Bajaj Auto shares gain as domestic bike sale grow strong

Bajaj Auto shares gain as domestic bike sale grow strong

Mon, Oct 03, 2016

Under motorcycle category, domestic sales stood at 2,30,502 units, a rise of 23% from 1,87,711 units a year ago same month. While export sales declined by 29% to 1,01,474 units from 1,42,517 units in September 2015.

How Eicher Motors' changed its fortune from crisis year to present

How Eicher Motors' changed its fortune from crisis year to present

Wed, Sep 28, 2016

Eicher Motors has not only outperformed in 2016, the share since the economic crisis of 2007-08, has grown by whooping 7046.58%.

Endurance Tech sets price band for Rs 1,160-crore IPO

Endurance Tech sets price band for Rs 1,160-crore IPO

Wed, Sep 28, 2016

Axis Capital and Citi are the book running lead managers for the public issue.

FCA India to roll-put new Fiat Avventura Urban Cross at special price Rs 6.85 lakh

FCA India to roll-put new Fiat Avventura Urban Cross at special price Rs 6.85 lakh

Fri, Sep 23, 2016

Kevin Flynn – President and Managing Director, FCA India said, “FCA’s commitment to India is firmly in place as we continue to add more products to our Fiat portfolio. We are excited that our new product, the Fiat Avventura Urban Cross will hit the roads in October with a special launch price.”

Mahindra recalls next gen Scorpio, NuvoSport to inspect fluid hose

Mahindra recalls next gen Scorpio, NuvoSport to inspect fluid hose

Wed, Sep 21, 2016

It said in statement,"The inspection and subsequent rectification will be carried out free of cost for all new generation Scorpio and NuvoSport customer, who will be individually contacted by the company."

India Ratings assigns M&M's non-convertible debenture with 'AAA' ratings

India Ratings assigns M&M's non-convertible debenture with 'AAA' ratings

Mon, Sep 19, 2016

It said in a statement,”India Ratings has assigned M&M's proposed Rs 475 crore non-convertible debenture (NCD) programme a 'Provisional IND AAA' ratings with stable outlook.”

Auto Industry commits to achieve BS VI emission norms by 2020

Auto Industry commits to achieve BS VI emission norms by 2020

Mon, Sep 19, 2016

Vinod Dasari, President of SIAM said, “Indian auto industry is committed to meet the challenge of achieving BS VI emission norms by 2020. The target is very stiff but the auto industry has accepted the challenge in view of the rising concerns on vehicular pollution, especially in the urban metros.”

Mahindra Two-wheeler to launch 2 special edition of Mahindra Gusto's on Paytm

Mahindra Two-wheeler to launch 2 special edition of Mahindra Gusto's on Paytm

Fri, Sep 16, 2016

Naveen Malhotra, Sr. General Manager – Sales, Marketing & Product Planning, Mahindra Two Wheelers Ltd. said, “Mahindra Gusto with its innovative Height Adjustable Seat and slew of other innovations and superior performance has received a great response both online and offline.

Ashok Leyland approves Setco Automotive's Clutch for commercial vehicle platforms

Ashok Leyland approves Setco Automotive's Clutch for commercial vehicle platforms

Tue, Sep 13, 2016

R Sivanesan - Senior Vice President, sourcing & supply chain said of Ashok Leyland said,"The company constantly upgrades the features of its product in order to offer leading edge technology to its customer. With this new clutch system supplied by Setco, Ashok Leyland will deliver better performance, longer service intervals resulting in lower maintainance cost/kilometer."

Tesla driverless system to use updated radar technology

Tesla driverless system to use updated radar technology

Mon, Sep 12, 2016

In a teleconference, Tesla founder and CEO Elon Musk said the update, which should be downloadable in two weeks for models delivered after October 2014, "very likely" would have saved the life of a Florida driver who died in May after colliding with a truck.

CV segment: Tata Motors' receives order worth Rs 900 crore from 25 STUs

CV segment: Tata Motors' receives order worth Rs 900 crore from 25 STUs

Tue, Sep 06, 2016

Sandeep Kumar, Business Head of Tata Motors said," We have nearly doubled our order book in FY16-17 already and are adequately prepared to cater to the current and future demand coming in for our business."

Maruti Suzuki's Brezza pushes UV sales by 89% in August

Maruti Suzuki's Brezza pushes UV sales by 89% in August

Mon, Sep 05, 2016

Maruti sold 17,432 units of utility vehicles which included Gypsy, Ertiga, S-cross, Vitara and Brezza. This was a rise of 89% from 9236 units of utility vehicles sold in the same month of the previous year.

Brexit effect: JLR to benefit from weak pound, says Tata Motors' CFO

Brexit effect: JLR to benefit from weak pound, says Tata Motors' CFO

Sun, Sep 04, 2016

"JLR's revenue, more than 80% comes (from) outside the UK from Europe, China, the US, and other markets. We do source about 40% to 50 %of our components from the EU. Therefore, if you take a combination of these, JLR over a time would benefit from a continued weaker pound as a result of the Brexit," Tata Motors Group CFO C Ramakrishnan told analysts.

What Brexit? Jaguar Land Rover's outlook stable this fiscal

What Brexit? Jaguar Land Rover's outlook stable this fiscal

Sun, Sep 04, 2016

Fitch said that the success of its entry models into new segments, especially the Jaguar XE, and the initial indications for the F-PACE, along with maintaining robust profitability, positive free cash flow and a strong financial profile, are considered instrumental as it transitions to become a higher-volume premium manufacturer.

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