Business

New Delhi | Mumbai: Sales of motorcycles and scooters rose in double digits during the NavratriDussehra period, with a strong pickup in demand for entry-level models indicating an improvement in sentiment in a crucial market for two-wheelers—rural India. Executives at two-wheeler companies and dealers predict the momentum to continue in …

While the slowdown in cars sales in the first half of this fiscal is not a cause of concern, the continued decline in demand for vehicles priced below Rs 10 lakh is worrisome, Maruti Suzuki Chairman R C Bhargava said, adding, unless the lower end of the market grows there …

TNN Ceat is also expanding its PCR (passenger car radial) capacity in its Chennai plant. Tyre major Ceat has embarked on a significant capacity expansion project for its Chennai plant. Said Arnab Banerjee, MD & CEO, Ceat Tyres: “We have completed Phase I of our TBR (truck & bus radial) …

TNN The company has a product range of 250 tyres, of which about 12 are for the EV segment. Tyre major TVS Srichakra, which manufactures two and three-wheeler tyres under the brand Eurogrip, is developing next generation fuel efficient tyres for EVs mainly for the Indian market. “Our endeavour is …

Inventory levels for small cars at Maruti Suzuki could be as much as 40-45 days by the end of the month, while other segments are expected to maintain a comfortable 30-day stock, auto company’s Head of Marketing and Sales Partho Banerjee said during a post earnings call. Most dealers have …

Homegrown tyre major CEAT Ltd expects easing of pressure from high raw material costs in the second half of the ongoing fiscal after being impacted by 15-year high domestic natural rubber prices, according to its Managing Director and CEO Arnab Banerjee. The company expects its aftermarket business to continue to …

The manufacturing facility of automaker Renault Nissan Automotive India Pvt Ltd in Tamil Nadu has reached a milestone of producing over 45 lakh powertrain units since commencing operation in 2010, the company said. The 600 acre facility at Oragadam near here, caters to domestic and overseas market requirements for Renault …

Hyundai Motor India (HMIL), which listed on the bourses Tuesday with the country’s largest initial public offering, said it will continue to invest in the Indian market to expand capacity, deepen localisation and bring in new technologies that would include the launch of multiple electric vehicles to create value for …

Hyundai Motor India on Tuesday said its planned capacity expansion at the Talegaon manufacturing facility in Pune at an investment of Rs 6,000 crore will give it more headroom for growth in domestic and international markets. The company also said that it always looks for a balance between growth, profitability …

Mumbai: Makers of car sensors, sunroofs, alloy wheels, ADAS (advanced driver assistance systems) instrument clusters and other such parts and systems are experiencing surging demand due to the premiumisation wave sweeping India’s growing automobile industry. These companies have become a major beneficiary of the growing demand for cars and SUVs …