Replacement demand which was impacted due to lockdowns and restricted movement of people and freight will recover gradually. Mumbai: The automotive components sector will see revenue rebound 21 to 23 per cent next fiscal as domestic and export demand revives after two straight contractions, a Crisil research analysis shows. Higher margins will lift operating profits… Continue reading Autocomp sector set for a rebound after two tough fiscals: Crisil
Category: News Type
Local lockdowns temper India’s economic activity in April
Auto sales published by companies such as Maruti Suzuki India Ltd. and Hero MotoCorp Ltd. on the first day of every month serve as an indicator of demand. NEW DELHI: India’s economic activity showed signs of beginning to cool off in April as several states resorted to lockdowns to control a deadly second wave of… Continue reading Local lockdowns temper India’s economic activity in April
Kia Carnival sells 6,284 units in 16 months, gets new buyback scheme
In an effort to rev up sales of flagship Carnival MPV, Kia India has introduced a new guaranteed buyback plan. The Carnival has sold a total of 6,284 units since launch in February 2020 comprising 3,187 in FY2020, 2,796 units in FY2021 and 301 in April 2021. The company has announced what is christened as… Continue reading Kia Carnival sells 6,284 units in 16 months, gets new buyback scheme
India Yamaha Motor’s Sanjiv Paul passes away
Suhas Yathiraj, DM, Gautam Buddh Nagar, UP receiving a cheque of Rs 25 lakh from Sanjiv Paul, SVP and Vimal Raina, VP, India Yamaha Motor in June 2020 Sanjiv Paul, a former Senior Vice-President (Manufacturing) at India Yamaha Motor succumbed to health-related issues on Tuesday, the company said a statement. An industry veteran, Paul played a significant role at… Continue reading India Yamaha Motor’s Sanjiv Paul passes away
India’s construction equipment sector headed for washout in Q1 FY2022
Demand for new construction equipment, already in free-fall mode over the past few weeks, may crash up to 75 percent by end-May if the surge in Covid infections continues unabated. According to Sandeep Singh, Managing Director of Tata-Hitachi Construction Machinery, even use of existing machinery is tumbling across construction sites and could be impacted by… Continue reading India’s construction equipment sector headed for washout in Q1 FY2022
India Auto Inc does its bit, fights the pandemic with the government
In the wake of the second wave of the Covid-19 pandemic, the Indian automotive industry is doing its bit for the country, which is battling challenges on several fronts. Vehicle and component manufacturers under the auspices of the Society of Indian Automobile Manufacturers (SIAM) and Automotive Component Manufacturers Association (ACMA) have joined forces to support… Continue reading India Auto Inc does its bit, fights the pandemic with the government
Volvo develops alerts that warn of electric trucks’ sound of silence
The sounds are designed to not penetrate through walls, to allow for quiet nighttime deliveries and contribute to better working conditions. Volvo Trucks has developed an acoustic alert system with unique sounds for its electric truck models. The Volvo- designed alert will increase safety by making pedestrians, cyclists and other road users aware of approaching… Continue reading Volvo develops alerts that warn of electric trucks’ sound of silence
E-tractor start-up Cellestial raises Rs 3 crore
Hyderabad-based start-up Cellestial E-mobility, which showcased its electric tractor a year ago has announced that it has achieved $35 million (Rs 260 crore) valuation in its Pre-Series A funding. The company says buoyed by its sustainable business model, growing user response coupled with a consistent revenue generation it has closed its initial raise of $500,000… Continue reading E-tractor start-up Cellestial raises Rs 3 crore
@Ford: All-New Ford Bronco Earns Prestigious iF Design Gold Award 2021; Jury Says Pragmatic, Emotional Design ‘Redefines The Lifestyle SUV’
Out of nearly 10,000 entries, all-new 2021 Ford Bronco two-and four-door SUV honored in the top 75 pinnacles of design globally across numerous disciplines and industries, taking home prestigious iF Design gold award 2021 “Pragmatic, emotional design” of all-new Bronco brings “the thrill of its iconic forebear into the 2020s” says jury for Germany-based iF… Continue reading @Ford: All-New Ford Bronco Earns Prestigious iF Design Gold Award 2021; Jury Says Pragmatic, Emotional Design ‘Redefines The Lifestyle SUV’
10 Sports Cars No One Bought… But They Should | HotCars – HotCars
Let’s face it, no other types of cars put a smile on your face quite like a sports car, and yet somehow sales of even the best examples are in decline. Sooner or later we’ll all end up driving minivans or SUVs. For carmakers and gearheads alike, times are hard, with growing environmental pressures niggling… Continue reading 10 Sports Cars No One Bought… But They Should | HotCars – HotCars