Auto Sector

Mahindra Two Wheelers plans up to 4 launches this year

MahindraNew Delhi: Mahindra Two Wheelers plans introduce up to four new products, including a scooter, a bike in entry level segment and variants of existing products, this year as it looks to scale up presence in the market.

The company is also aiming to treble its exports in the next six months with plans to enter four new international markets by this year.

"We have been on a stabilisation mode putting our infrastructure in place in the last one year. With a series of launches in both domestic and international markets, we are now looking at rapid growth," Mahindra Two Wheelers Chief of Operations Viren Popli told PTI.


Honda Cars India recalls 1,338 units of Accord, CR-V

Honda Cars India recalls 1,338 units of Accord, CR-VNew Delhi: Honda Cars India is recalling a total of 1,338 units of its premium sedan Accord and sports utility vehicle CR-V manufactured between 2002 and 2003 to replace a faulty part in the passenger side airbags.

The recall, which is is part of Honda's global recall regarding the potential defect related to passenger air bag announced in June 2014, would cover 1,085 units of Accord and 253 units of CR-V.


Ashok Leyland introduces 2015 models in Saudi Arabia

Ashok_LeylandDubai - Ashok Leyland, a market leader in staff transport solutions category in Saudi Arabia, is launching the 2015 models this month.

A company statement said it has established itself as the primary choice for commercial transport not only at the construction sites but also in school and staff transport segments.

Falcon series of air-conditioned and non-air conditioned buses with options of 56/66/83 seats are flagship products and have proved their utility.


Tata Motors global sales down 10.4% in June

Tata-MotorsNew Delhi: Tata Motors on Friday reported a 10.46 percent decline in global sales, including that of Jaguar Land Rover (JLR), to 75,623 units in June.

The company had sold 84,458 units in the same month last year.

In the passenger vehicles category, the global sales last month were at 44,239 units, as against 42,881 units in June 2013, up 3.16 percent, Tata Motors said in a statement.

Sales of luxury brand Jaguar Land Rover rose 17.96 per cent to 36,021 units in June, compared to 30,536 units in the same month last year.


Rolls-Royce announces record half-year sales

Rolls-RoyceNew Delhi, July 9 (ANI-Businesswire India): Rolls-Royce Motor Cars today announced that the company has enjoyed a record half-year in 2014, with sales increasing by 33 per cent worldwide compared with the same period in 2013.

Sales growth was seen in all regions, with a particularly strong performance in Europe, up by over 60 per cent, Asia Pacific up by almost 40 per cent and the Middle East up by over 30 per cent. The United States and China also saw double-digit growth. In Europe, strong performance was seen in Germany, with sales doubling.


Domestic car sales rise 14.76% in June

DomesticNew Delhi: Domestic passenger car sales increased 14.76 percent to 1,60,232 units in June as compared to 1,39,624 units in the year-ago month.

Motorcycle sales last month climbed 9.63 percent to 8,76,196 units from 7,99,254 units a year earlier, according to data released by the Society of Indian Automobile Manufacturers (SIAM).

The total two-wheeler sales in June rose 12.99 percent to 12,61,589 units.

Sales of commercial vehicles were down 9.03 percent to 51,119 units in June, SIAM said.


Piaggio launches limited edition Vespa Esclusivo

Vespa-EsclusivoNew Delhi: Piaggio Vehicles, the wholly-owned subsidiary of Italy's Piaggio group, on Tuesday launched a special edition of Vespa scooter priced at Rs 74,355 (ex-showroom Delhi).

Only 1,000 units of the limited edition 'Vespa Esclusivo' would be manufactured and numbered with each piece having its distinct number badge, Piaggio Vehicles said in a statement.

The limited edition variant comes with various features including specially designed dual colour, black & silver alloy combination wheels, it added.


GM India launches Manchester United editions of Beat, Sail

Chevrolet-Sail-U-VA-Manchester-UnitedNew Delhi: General Motors on Monday launched special editions of its hatchback models Beat and Sail in India to mark its partnership with popular English football club Manchester United.

The launch of Manchester United limited editions of Chevrolet Beat and SAIL hatchbacks comes at a time when the Chevrolet brand is making debut on the club's jersey.

The special edition models come with various features including Manchester United decals, alloy wheels, special seat covers, and roof rails.


Mercedes-Benz reveals self-driven 'Future truck'

Mercedes-Benz-Future-Truck-2025Washington, July 7 : Mercedes-Benz has reportedly unveiled a demonstration video of an 'auto-driven' truck named Mercedes- Benz Future Truck 2025, showing the vehicle driving on its own at high speeds on Germany's autobahn.

The truck uses a system called 'Highway Pilot', using which the human driver is able to switch control of the truck to the vehicle's embedded system and ride hands-free as a passenger.


Tata Motors working on strong pipeline of products: Mistry

Chairman Cyrus P MistryNew Delhi - Tata Motors is working on a strong pipeline of products for the domestic market keeping in view changing customer needs to make the company more profitable over the years, Chairman Cyrus P Mistry has said.

In a letter to shareholders, Mistry said the company is also working on various other initiatives including enhancing customer experience to grow more profitable.

"Tata Motors is working on a strong pipeline of new products and technologies keeping in view the changing market, customers' aspirations and regulatory needs," Mistry said.


Toyota launches 'Etios Xclusive' priced up to Rs 7.10 lakh

Toyota-Etios-XclusiveNew Delhi: Toyota Kirloskar Motor on Thursday launched a special edition of its mid-sized sedan Etios, priced up to Rs 7.10 lakh (ex-showroom, Delhi).

Only 900 units of the 'Etios Xclusive' limited edition, which comes with both petrol and diesel engines, would be on sale, Toyota Kirloskar Motor (TKM) said in a statement.

The petrol variant of the model is priced at Rs 5.98 lakh while the diesel version of the car would retail at Rs 7.10 lakh (ex-showroom Delhi).


Maruti, Hyundai sales up in June as excise cut propels growth

Maruti-HyundaiNew Delhi: Buoyed by excise duty reduction, domestic car sales saw an upswing in June with major firms, Maruti Suzuki, Hyundai, Honda, Mahindra & Mahindra, Toyota and Ford reporting growth.

Yet others such as General Motors India and Tata Motors reported decline in their domestic sales during the month.

The country's largest car-maker Maruti Suzuki India (MSI) said its domestic sales rose 31 percent during the month to 1,00,964 units as against 77,002 units in June 2013.


Excise duty concession on auto, consumer goods to continue: FM

Arun-JaitleyNew Delhi: In a relief to the automobile and consumer durable sectors, the government on Wednesday extended the excise duty concession by six months to December 31.

The government had cut excise duty on cars, SUVs and two-wheelers as well as consumer durables in the Interim Budget in February to help the industry tide over a demand slump.

The concessions were valid till June 30 and Finance Minister Arun Jaitley announced the extension till the year end.


Toyota announces price for new fuel cell car at $70K

Toyota announces price for new fuel cell car at $70KTokyo Japanese auto giant Toyota will start selling its first fuel cell sedan this financial year, with a price tag of around USD 70,000, the company announced Wednesday.

The vehicles will be rolled out by March and beyond the home market during the summer of 2015, it said, in a move that will see the environmentally friendly cars available in the United States and Europe.


Hyundai may hike prices if excise duty rises before Budget

Hyundai may hike prices if excise duty rises before BudgetNew Delhi - With uncertainty looming over excise duty structure on automobiles as reduced rates expire on June 30, Hyundai Motor India may raise vehicle prices if the cess rate is reverted back to the levels before the interim Budget in February.

The company, which is India's second largest carmaker by volume, said it had passed on the entire benefit to the customers while absorbing the impact of change of value on dealer stock which was compensated to dealers when the government reduced excise duty in February.


Ford launches Fiesta; priced up to Rs 9.29 lakh

Ford-FiestaNew Delhi: Kicking off a price war in the mid-sized sedan segment Ford India today launched the new version of its Fiesta model, priced up to Rs 9.29 lakh (ex-showroom Delhi).

The new Fiesta will directly take on Honda City and Hyndai Verna and is priced Rs 67,000 to Rs 1.7 lakh lower than the competition, depending on the variant.

The 2014 Ford Fiesta will be available in three options ? Ambiente, Trend and Titanium, all powered by 1.5 litre diesel engine, the company said in a statement.


JLR announces 200 mn pounds investment at Halewood plant

tata-jaguar-landroverLondon: Tata Motors-owned Jaguar Land Rover has announced an investment of 200 million pounds at its Halewood plant in the UK to support introduction of its upcoming SUV Discovery Sport.

The Halewood plant, which is already home to the company's fastest selling model of all time - the Range Rover Evoque, has benefited from a 200-million pounds investment to support the introduction of the first member of the all-new Land Rover Discovery family, the company said in a statement.

The latest investment takes the total amount invested in Halewood over the last four years to almost 500 million pounds, it added.


Hero MotoCorp plans 6th plant, scouts for site in South India

Hero-MotoCorpSao Paulo: India's largest two-wheeler maker, Hero MotoCorp, plans to set up a plant in South India, its sixth overall, to cater to the domestic market and take its overall annual capacity to 12 million units.

"We are looking to set up a plant in South India. It will be utilised to service the market there. We are scouting for land at the moment," Hero MotoCorp Manging Director and CEO Pawan Munjal said.

He, however, did not share the details regarding the timeline for the completion as well as the location of the plant.


Hero MotoCorp to ride into US market next year

Hero MotoCorpSao Paulo: Hero MotoCorp, India's largest two-wheeler maker, is looking to start selling bikes in the US next year, hoping to create a niche market for its products.

The company, which entered as many as 18 global markets in the past one-and-a-half years, is confident that its motorcycles will be accepted well in the US.

"For the developed western markets (US) currently, we are not that much focused on bigger motorcycles. Right now, what we are looking at is taking some of our current products and try creating a niche market," Hero MotoCorp Managing Director and Chief Executive Officer Pawan Munjal said here.


Ashok Leyland gets order to supply 2,200 buses to Sri Lanka

Ashok-LeylandNew Delhi: Hinduja Group flagship company Ashok Leyland has received an order for supplying 2,200 buses to Sri Lanka.

The company said it will supply the buses within the next six months.

This is the one of the largest purchase by the Sri Lankan Transport Board (SLTB), as the government aims to modernise its existing fleet and significantly improve the country's public transport network, Ashok Leyland said in a statement.


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