Auto Sector

Maruti's August sales rise 27% to 1,10,776 units

Maruti sales riseNew Delhi: The country's largest car-maker Maruti Suzuki India on Monday reported 26.9 percent increase in its total sales in August at 1,10,776 units as against 87,323 units in the same month of previous year.

Domestic sales during the month stood at 98,304 units, up 29.3 percent from 76,018 units in August of previous year, Maruti Suzuki India (MSI) said in a statement.

Sales of mini passenger cars, including Alto, A-Star and WagonR were up 8.3 percent at 34,686 units as against 32,019 units in the previous year.


Mahindra to invest Rs 4,000 crore on Chakan plant expansion

Mahindra & MahindraMumbai : Auto major Mahindra & Mahindra, will invest Rs 4,000 crore over a 7-year period to expand its existing facility at Chakan in Maharashtra.

The company, which had earlier put on hold the expansion at the plant and considered other options citing lack of support from the Maharashtra government, said the fresh infusion would take its total investment in Chakan to Rs 8,000 crore.

"A total of Rs 4,000 crore will be utilised towards infrastructure development, product development and capacity expansion for vehicles to be rolled out from the Chakan plant," Mahindra & Mahindra said in a statement.


New BMW X3 debuts in India

New BMW X3 debuts in IndiaNoida (Uttar Pradesh), Aug 28 : A paragon of sporty dynamics, premium ambience and robust agility, the new BMW X3 was launched today at Deutsche Motoren, the BMW dealership in Noida.

The new BMW X3 is locally produced at the BMW Plant Chennai in a diesel variant and is now available at BMW dealerships across India.


Now, 'safely' send messages while driving with Nissan's messaging assistant

Nissan-AppWashington, Aug 28 : Nissan has added a new feature to its upcoming cars that would allow users to send text messages while driving, without taking their eyes off the road.

The hands-free text messaging assistant is part of NissanConnect, which is free for three years and then costs about 20 dollars per year.

Users can reply to people via canned responses, or add their own custom messages. Users can also set a default reply for everyone who sends them any message.


Will need 25 models to sell 3 mn cars per year: Maruti

MarutiNew Delhi: Car marker leader Maruti Suzuki India is looking at nearly doubling the number of models to 25, including entry into SUV and LCV segments, as it aims a target to sell 3 million cars annually.

The company will launch within a few months an SUV to compete with Renault's Duster, which will be followed by a compact SUV in 2016 to take on segment leader Ford EcoSport, as part of a strategy to be present in newer segments of the passenger vehicle market.

Maruti Suzuki India (MSI), which is gearing up to launch a light commercial vehicle (LCV), is also in the process of setting up a separate network for its new foray.


Bajaj Auto hopes for better days from September

Bajaj AutoKolkata : Bajaj Auto is bullish on its two new 150cc bikes and is aiming to regain lost ground in the second half of the FY15.

"From September onwards, we hope to come to a zero deficit situation compared to last year's monthly numbers," Bajaj Auto President (Motorcycle) Eric Vas said here.

"We are in deficit by about one lakh units in sales till now (April-August 14) this year. We can add about 35,000 units a month even if the mid-segment (above Rs 50,000) of the industry grows from 17 to 20 percent of the total motorcycle market," he said.


India's scooter major Bajaj to make motorcycles at Bangladesh plant

Bajaj AutoDhaka, Aug 23 - India's popular scooter and motorcycle major, Bajaj, will manufacture motorcycles at a plant in Bangladesh from June 2015.

According to the Daily Star, the Uttara Group, Bajaj Auto's local assembler, is set to build a Taka 150 crore plant, which will be operated and technically supported by Bajaj.

It is being reported that the motorcycle factory will be built on ten acres of land in the Zirani Bazar area of Gazipur District.


Expect minority shareholder voting on Guj plant in Oct: Maruti

MarutiThe country's largest carmaker Maruti Suzuki India expects voting by minority shareholders to happen sometime in October for approval of its plans to let parent Suzuki Motor Corp own a proposed new plant in Gujarat.

"We haven't yet fixed a date. It could be in October probably but not certain yet," Maruti Suzuki India (MSI) Chairman R C Bhargava told reporters here.

Speaking on the sidelines of a lecture in memory of the company's executive Awanish Dev, who was killed in worker violence at the company's plant in Manesar in 2012, Bhargava said MSI's move on the Gujarat plant would be beneficial to its shareholders.


Mahindra Reva launches e20 premium variant priced Rs 5.72 lakh

mahindra-reva-e20New Delhi: Mahindra Reva Electric Vehicles, a part of the Mahindra Group, on Thursday launched a premium variant of its electric small car e2o priced at Rs 5.72 lakh (on road Delhi) with a monthly energy fee of Rs 2,999 for five years.

The premium e2o has an extended range of 120 km and electric power steering.

"Convenience of city driving has always been a priority for Mahindra Reva. The e2o is automatic with the smallest turning radius, along with features like the hill-hold, which prevent it from rolling back while on an incline," Mahindra Reva Electric Vehicles CEO Chetan Maini said in a statement.


Hyundai gearing up to enter compact SUV segment from next year

Hyundai gearing up to enter compact SUV segment from next yearJodhpur - With an eye on increasing market share in India, Korean auto major Hyundai is gearing up to enter the compact SUV and multi-purpose vehicle segments from next year.

Buoyed by strong response to its newly launched hatchback Elite i20 and success of compact sedan Xcent, the company's Indian arm Hyundai Motor India Ltd (HMIL) is also looking forward to a strong festive season sales.


China slaps $201 mn fines on 12 Japanese auto makers

China slaps $201 mn fines on 12 Japanese auto makersBeijing - Continuing with its crackdown on multinationals over anti-monopoly violations, China on Wednesday slapped USD 201 million fine on 12 Japanese auto parts suppliers accusing them of conniving to raise prices.

A total of 12 Japanese auto parts suppliers have been fined 1.24 billion yuan (about USD 201 million) due to a price monopoly, China's price regulator, National Development and Reform Commission (NDRC), said in a statement.


'Rare' Ferrari Berlinetta goes under the hammer for 23m pounds

'Rare' Ferrari Berlinetta goes under the hammer for 23m pounds London, August 16 - The 1962 Ferrari 250 GTO Berlinetta, which is known as 3851 GT, has been auctioned for 23 million pounds.

The car, which is one of just 39 made, is regarded as one of the world's greatest Ferraris, and has been become the most expensive car publicly sold in the world, the Independent reported.

Previously, the record was held by 1954 Mercedes-Benz W196 R F1 Racer, which was sold for 18 million pounds. (ANI)


'Zest, Bolt success hold key to Tata Motors car biz profits'

'Zest, Bolt success hold key to Tata Motors car biz profits'Mumbai: The profitability of the struggling domestic unit of Tata Motors, especially that of its passenger car division, depends on the success of the newly launched sedan Zest and the forthcoming roll out Bolt, says global rating agency Moody's.

"The profitability of Tata Motors' passenger car business depends on its ability to sell significant volumes of its new Zest and Bolt models," Moody's said in a statement.

The company has Ba3 stable rating from the agency.


Tata Motors global sales down 8% in July

Tata-MotorsNew Delhi: Tata Motors Thursday reported an 8.46 percent decline in global sales to 80,151 units in July.

The company had sold 87,566 units in the same month last year.

In the passenger vehicles category, the global sales last month were at 49,001 units, as against 46,684 units in July 2013, up 4.96 percent, Tata Motors said in a statement.

Sales of luxury brand Jaguar Land Rover rose 12.24 percent to 39,467 units in July, compared to 35,162 units in the same month last year.

Sales of commercial vehicles declined 23.8 percent in July to 31,150 units from 40,882 units a year ago.---- PTI


Tata Motors launches 'Zest' to revive sagging fortunes

Tata-ZestMumbai /Chandigarh/ Noida, Aug 13 : In a bid to regain market shares and plug losses in its domestic business, Tata Motors began selling its new passenger car 'Zest' since yesterday, its first offering in four years.

The Zest is a compact sedan built on a new platform and, in a departure from previous models, boasts user-friendly features such as touch screen control panels.

Tata Motors has performed well this year thanks in part to strong sales of its luxury Jaguar and Land Rover vehicles.


Tata Motors stock surges over 8% on stellar earnings

Tata Motors stock surges over 8% on stellar earningsMumbai - Shares of Tata Motors soared over 8 percent in morning trade on Tuesday after the company reported over 3-fold jump in consolidated net profit for the June quarter.

The auto major's scrip jumped 8.18 percent to Rs 484.00 on the BSE.

On the NSE, the stock climbed 7.93 percent to Rs 482.

Tata Motors was the best performer among the blue-chips on both the Sensex and Nifty during the morning trade.


Bajaj launches two new models under the Discover range

Bajaj-Discover-150FNew Delhi: Bajaj Auto on Monday launched two bikes under the Discover range priced up to Rs 58,739 (ex-showroom Pune).

Discover 150F is priced at Rs 58,739, while Discover 150S is available for Rs 51,720 for drum and 54,725 for disc variants, Bajaj Auto Ltd said in a statement.

"These Discover 150 bikes break away from the current basic bikes available in the market to give the consumer an exciting and energising ride," it added.


Hyundai launches Elite i20; price starts at Rs 4.9 lakh

Elite-i20New Delhi: Hyundai Motor India on Monday launched all new version of its premium compact car i20 priced between Rs 4.9 lakh and Rs 7.67 lakh (ex-showroom Delhi).

The second generation model -- i20 Elite -- would compete with the likes of Maruti Suzuki's Swift and Volkswagen Polo, priced between Rs 4.42 lakh and Rs 7.99 lakh (ex-showroom Delhi).

Commenting on the launch, Hyundai Motor India Ltd (HMIL) Managing Director & CEO B S Seo said since the launch of first generation i20 in December 2008, the company has so far sold 7.34 lakh units in the country.


Mahindra Q1 profit declines 5.98% to Rs 881.78 crore

MahindraMumbai: Homegrown auto major Mahindra & Mahindra on Friday reported a 5.98 percent decline in its standalone net profit at Rs 881.78 crore for the first quarter ended June 30, 2014.

The auto major had posted a net profit of Rs 937.91 crore during the same period a year ago.

Net sales on a standalone basis during the April-June quarter declined marginally to Rs 10,597.07 crore from Rs 10,607.27 crore, Mahindra & Mahindra said in a filing to the BSE.


Domestic car sales rise 5.04%, bikes up 6.17% in July

Domestic car salesNew Delhi: Domestic passenger car sales grew 5.04 percent to 1,37,873 units in July this year as compared to 1,31,257 units in the same month of 2013.

According to the data released by Society of Indian Automobile Manufacturers (SIAM), motorcycle sales during last month grew 6.17 percent to 8,59,290 units from 8,09,386 units in the same month previous year.

Total two-wheeler sales in July 2014 grew 13.73 percent to 12,87,462 units from 11,32,066 units in the same period of previous year.


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