Automotive Industry news and views

TVS posts a decline of net profit by 7.2 percent at Rs 52.45 crore in Q3 2012

Automotive News by Jayashankar Menon on Feb 1 2013

The net profit of the Chennai-based two-wheeler and three-wheeler manufacturer, TVS Motor Company has clocked a decline of 7.2 percent for three months ended December 31, 2012 at Rs 52.45 crore in contrast with the net profit of Rs 56.53 crore posted for the corresponding period in the previous fiscal yea

Ford India sales decline by 34 percent to 7,115 units in January 2013

Automotive News by Jayashankar Menon on Feb 1 2013

The Chennai-based US car major, Ford India today posted 34.05 percent fall in its total sales in January this year at 7,115 units, as against the sales of 10,789 units in the year ago period.

GM India waits for the Budget 2013 to decide on price hike of its cars

Automotive News by Jayashankar Menon on Feb 1 2013

GM India is also ready with its electric car and is awaiting Government policy before its launch.

HMSI clocks 22 percent sales growth at 230,304 units in January 2013

Automotive News by Jayashankar Menon on Feb 1 2013

Two-wheeler manufacturer Honda Motorcycle and Scooter India ( HMSI) today posted 21.63 percent growth in its total sales for January 2013 at 2,30,304 units, in contrast with its total sales of 189,353 units in the year ago period.

Tata Motors rolls out 10,000 units of Tata Ace Zips in ten months from its Dharwad plant

Automotive News by Jayashankar Menon on Feb 1 2013

The Dharwad Tata Ace Zip manufacturing was set up with an investment of over Rs 900 crore.

Hero MotoCorp hikes increments to Rs 8,500-9,000 to reslove pending labour issue

Automotive News by Jayashankar Menon on Feb 1 2013

The management of two-wheeler major from India, Hero MotoCorp has decided to hike increments to Rs 8,500-9,000 spread over a three-year period to break the impasse it has with the labour union.

Honda Cars India achieve three-fold increase in sales at 1,784 units in January 2013

Automotive News by Jayashankar Menon on Feb 1 2013

Honda Cars India Ltd (HCIL) today said it had achieved over three-fold increase in its domestic sales for January 2013 at 5,451 units as against 1,784 units sold in the year ago period.

India Yamaha posts 13.2 percent domestic sales growth in January 2013 at 29,785 units

Automotive News by Jayashankar Menon on Feb 1 2013

India Yamaha Motor sold 29,785 units in January 2013 as against 26,300 units sold in January last year in the domestic market.

Tata Motors post sales of 61,660 units in January 2013

Automotive News by Jayashankar Menon on Feb 1 2013

Tata Motors’ total sales (including exports) of Tata commercial and passenger vehicles in January 2013 stood at 61,660 vehicles.

Nissan India to introduce ten models by 2016

Automotive News by Jayashankar Menon on Feb 1 2013

Japanese auto major Nissan is contemplating on introducing ten new models upto fiscal 2016.

Indian truck rentals unfazed by the increase of diesel price by 50 paise

Automotive News by Jayashankar Menon on Feb 1 2013

A 50-paise increase in the diesel price in January has not impacted truck rentals much on trunk routes, a transport research report said.

Ford India sells in excess of 7,000 vehicles in January 2013

Automotive News by Jayashankar Menon on Feb 1 2013

Ford India sold 7,115 domestic wholesale and exports vehicles in January.

Hyundai increases prices of its cars in India

Automotive News by Jayashankar Menon on Feb 1 2013

Hyundai Motor India, the country’s largest passenger car exporter and second largest car manufacturer today announced the price increase on across all its models starting from Hyundai Eon to Santa Fe.

Harley-Davidson starts off 110th Anniversary Celebrations in India

Automotive News by Jayashankar Menon on Feb 1 2013

Karen Davidson joins more than 500 riders from across the country in Goa for India’s first National HOG Rally.

Mahindra sells 49,503 units in January 2013 up 33 percent

Automotive News by Jayashankar Menon on Feb 1 2013

The vehicle sales of Mahindra stood at 49,503 in January 2013, registering a growth of eleven percent.