Zinc giant Hindustan Zinc Limited (HZL) is revving its engine for the future with the launch of EcoZen, a low-carbon zinc brand targeting the booming Indian automotive sector. This is particularly timely given the industry’s growing adoption of galvanised steel, a key material protected by zinc coatings. This shift presents a confluence of sustainability and… Continue reading Hindustan Zinc aims for 30-35% low carbon zinc production by next year, auto sector to benefit
Tag: Suzuki
Nexa sells 2.7 million units over 9 years, Baleno with 1.5 million has 55% share
Nexa, Maruti Suzuki India’s premium sales channel, has turned nine. Launched on July 23, 2015, Nexa has gone on to sell 27,11,895 passenger vehicles till end-June 2024 (see data table below), and accounted for 31.87% of Maruti Suzuki’s best-ever fiscal year sales of 1.75 million units in FY2024. Nexa sales crossed the 2.5 million milestone… Continue reading Nexa sells 2.7 million units over 9 years, Baleno with 1.5 million has 55% share
Honda sells 795,000 scooters in Q1, increases market share to 48%
Of the four vehicle segments – passenger vehicles (up 3%), two-wheelers (p 20%), three-wheelers (up 14%) and commercial vehicles (up 3.5%) – the two-wheeler industry was the only one to have registered strong double-digit gains in April-June 2024. A fair portion of that credit goes to the scooter market which, with 1.66 million units, accounted… Continue reading Honda sells 795,000 scooters in Q1, increases market share to 48%
Royal Enfield 650 Twins, Super Meteor and Shotgun capture 96% of 500-800cc market in Q1
Midsize motorcycle market leader Royal Enfield, which has registered total wholesales of 204,686 motorcycles in the first three months of FY2025, down 1% on year-ago dispatches to its showrooms (April-June 2023: 207,171 units), is ruling the roost in the 500-800cc market in India. The 650cc twins (Continental GT 650 and Interceptor 650) along with the… Continue reading Royal Enfield 650 Twins, Super Meteor and Shotgun capture 96% of 500-800cc market in Q1
Autoliv (ALV) Q2 Earnings Miss Expectations, Guidance Revised
Autoliv Inc. ALV reported second-quarter 2024 adjusted earnings of $1.87 per share, which missed the Zacks Consensus Estimate of $2.44 and fell 3% year over year. The company reported net sales of $2.61 billion in the quarter, which missed the Zacks Consensus Estimate of $2.77 million and fell 1.1% year over year. Organic sales rose… Continue reading Autoliv (ALV) Q2 Earnings Miss Expectations, Guidance Revised
Vishal Bhat to head sales at Skoda Auto India
Vishal Bhat, the former head of aftersales business and service at Volkswagen India and Skoda India, has taken charge of sales for the Skoda brand. Sources say that Bhat, who has been with the Group for almost one and a half decades, will oversee the critical sales function ahead of Skoda’s much-awaited sub-4-meter SUV launch… Continue reading Vishal Bhat to head sales at Skoda Auto India
Auto Inc invested Rs 14,043 crore till March end under PLI scheme for automobile, components
The Indian automotive sector invested Rs 14,043 crore till March end under the government’s production-linked incentive (PLI) scheme for automobile and auto components, according to the Economic Survey tabled in the parliament on Monday ahead of the Union Budget tomorrow. The government launched the Rs 25,938 crore output-linked incentive to boost domestic manufacturing of advanced… Continue reading Auto Inc invested Rs 14,043 crore till March end under PLI scheme for automobile, components
Curvv will not be a niche product: Tata Motors’ Vivek Srivatsa
Tata Motors has been conspicuous by its absence from the hotly contested midsize SUV segment, which registered 26% growth and sale of 741,447 units in FY2024, in the Indian passenger vehicle market. That will soon change with the arrival of the Curvv, which, instead of a traditional SUV bodystyle – something every other player offers… Continue reading Curvv will not be a niche product: Tata Motors’ Vivek Srivatsa
German FAZ: Tachograph 007301
Paris Auto Show with German BrandsGerman car manufacturers are returning to Paris: In addition to VW and Audi, BMW also wants to be represented at the auto show in the fall (October 14th to 20th), as “Automotive News” reports. Another strong-selling brand, Skoda, is making a comeback. Other participants include the French brands Citroen, DS,… Continue reading German FAZ: Tachograph 007301
FMS: The Future of Memory and Storage Summit: Harriet Coverston, inventor of archiving filesystems SAM-FS, SAM-QFS, VSM, selected for the 2024 SuperWomen of FMS Leadership Award
Award honors the contributions of women in the memory and storage industry SANTA CLARA, Calif., July 19, 2024 /PRNewswire/ — FMS: The Future of Memory and Storage recognized as the world’s foremost conference highlighting the key advancements, trends, and industry figures shaping the multi-billion-dollar high-speed memory, storage, and SSD markets, today announced that Harriet Coverston, CTO of Versity… Continue reading FMS: The Future of Memory and Storage Summit: Harriet Coverston, inventor of archiving filesystems SAM-FS, SAM-QFS, VSM, selected for the 2024 SuperWomen of FMS Leadership Award