Tag: Suzuki

Citroen C3 unveiled, to be introduced in India in 2022

French carmaker, Citroen, has unveiled its latest offering for India and emerging markets, the Citroen C3. A mass-market, sub-four-metre hatchback with crossover styling, it is built on Citroen’s common modular platform CMP. The Citroen C3 will be introduced in the country in the first half of next year and be locally produced at the company’s plant… Continue reading Citroen C3 unveiled, to be introduced in India in 2022

Tesla’s attempt to crack Indian market puts focus on tariffs

TOKYO — As Tesla prepares to debut its electric cars in India, automakers worldwide are watching how New Delhi responds to the company’s push for lower tariffs and how that could impact their own strategies in the Indian market. The world’s largest electric vehicle maker had obtained approval to sell four models in India as of the end… Continue reading Tesla’s attempt to crack Indian market puts focus on tariffs

Autos & Transportation · 12:19 PM UTCFord to end manufacturing in India, take $2 billion hitFord Motor Co will stop manufacturing in India and take a …

A visitor is reflected as he takes pictures of a new Ford Aspire car during its launch in New Delhi, India, October 4, 2018. REUTERS/Anushree Fadnavis Ford accumulated losses of more than $2 bln in 10 years Co has 2% share of India’s car market, struggled to boost sales Ford follows GM, Harley in ceasing… Continue reading Autos & Transportation · 12:19 PM UTCFord to end manufacturing in India, take $2 billion hitFord Motor Co will stop manufacturing in India and take a …

Stellantis joint venture with China’s GAC to close one of two plants

The Changsha factory has capacity to make 164,000 vehicles a year, still far more than the venture sells. BEIJING – Stellantis NV’s Chinese venture with GAC will close one of its two factories in China by next March, GAC told Reuters, as Stellantis restructures operations in the world’s biggest auto market where it has struggled… Continue reading Stellantis joint venture with China’s GAC to close one of two plants

Innovative solutions needed to cope with chip crisis: ACMA chief

Sunjay Kapur: “The chip shortage will have an impact across industries and not just automotive which buys only seven percent of the total output.” Sunjay Kapur, the new President of the Automotive Component Manufacturers Association of India (ACMA), drives home the point that the semiconductor crisis extends beyond the auto sector alone.  “The chip shortage… Continue reading Innovative solutions needed to cope with chip crisis: ACMA chief

India revamps incentives for autos to boost EVs, hydrogen fuel cells -sources

This is a significant shift from the government’s original plan to incentivise auto and auto part maker to build mainly gasoline vehicles and their components for domestic sale and export, with some added benefit for electric vehicles (EVs). By Aditi Shah NEW DELHI: India has revised its proposed $8 billion scheme for the auto sector… Continue reading India revamps incentives for autos to boost EVs, hydrogen fuel cells -sources

Japanese vehicle maker jumps into microfinance in India

TOKYO — Tokyo-based startup Terra Motors, a manufacturer and distributor of electric three-wheeled vehicles, recently launched a financial subsidiary in India. Its goal is to use microfinance to lift buyers’ incomes and boost vehicle sales. But will a Japanese startup be able to thrive in India as the coronavirus spreads at a record pace? An… Continue reading Japanese vehicle maker jumps into microfinance in India

Mahindra faces 25% production cut in September due to chip shortage

The global semiconductor crisis is now badly impacting vehicle production in India. Two days after passenger vehicle market leader Maruti Suzuki announced that its production from three plants is expected to be down by a massive 60% in September due to the chip shortage, Mahindra & Mahindra has confirmed that it too is impacted by… Continue reading Mahindra faces 25% production cut in September due to chip shortage

Muted two-wheeler sales in August, industry pins hope on festive season

With the lockdown restrictions easing across India and the vaccination drive gaining traction, the two-wheeler sales see some signs of pick-up on a monthly basis. While cumulative sales numbers from six leading OEMs – 1,271,455 units indicate a 6 percent upmove month-on-month, it declined 15 percent year-on-year. Semiconductor shortages is one of the major concerns in… Continue reading Muted two-wheeler sales in August, industry pins hope on festive season