Automotive Industry news and views

Bajaj Auto has once again pipped Mahindra to become second most valuable auto maker in India

Automotive News by Jayashankar Menon on Feb 2 2013

Bajaj Auto has once again pipped Mahindra to become second most valuable automobile manufacturer in the country.

Car sales dip in January 2013 as Indian auto firms pin hope on Budget for resurgence

Automotive News by Jayashankar Menon on Feb 2 2013

The year 2013 has not brought any cheer to the car manufacturers in India, with ten leading auto makers collectively recording a dip of 4.7 percent in sales at 216,511 units in January this year.

Auto loans getting cheaper as Bank of Baroda, Bank of India and Canara Bank slash lending rates by 0.25 percent

Automotive News by Jayashankar Menon on Feb 2 2013

Bank of Baroda's base rate and benchmark prime lending rate is now pegged at 10.25 percent and 14.50 percent respectively.

Mahindra tractor sales declines by ten percent at 17,473 units in January 2013

Automotive News by Jayashankar Menon on Feb 1 2013

Mahindra & Mahindra today logged a 9.76 percent decline in its total tractor sales in January 2013 at 17,473 units, versus the sales of 19,362 tractors in the same month last year.

TVS Board nominates Sudarshan Venu as additional director

Automotive News by Jayashankar Menon on Feb 1 2013

The 23-yeard old Sudarshan Venu, son of TVS Motor Chairman Venu Srinivasan, has been appointed as an additional director of TVS Motor with immediate effect and he will function in the rank of whole time director.

Suzuki Motorcycle India sales increase by 14 percent in January 2013 at 39,982 units

Automotive News by Jayashankar Menon on Feb 1 2013

Two-wheeler maker Suzuki Motorcycle India today reported 13.91 increase in its sales at 39,982 units in January 2013, in contrast with the sales of 35,099 units in the same month of 2012.

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.