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The drop in China sales was estimated to reduce JLR’s full-year earnings before interest and tax (EBIT) margin by about 1%, Tata Motors said in a statement on Friday. The demand is expected to be impacted in other markets where COVID-19 has spread to, Tata Motors said, citing South Korea, Japan, and Italy as examples.Continue reading “Coronavirus outbreak crashes demand for JLR in China: Tata Motors”

The two-wheeler major is also looking to have a separate exclusive sales network for the premium bikes as its looks to establish the business as a sustainable standalone vertical going ahead. NEW DELHI: Honda Motorcycle and Scooter India (HMSI) plans to locally produce some of its imported premium bikes from the next fiscal to makeContinue reading “HMSI plans local production of some big bikes from next fiscal”

Two-wheeler and commercial vehicle makers and dealers that hold unsold Bharat Stage-IV stock may offer huge discounts in the coming days, with less than three weeks left to register such vehicles, industry executives said. Mumbai: Two-wheeler and commercial vehicle makers and dealers that hold unsold Bharat Stage-IV stock may offer huge discounts in the comingContinue reading “Huge discounts on cards for BS-IV bikes”

Expected to be launched by mid this year, the revamped Verna’s is said to be coming with a new 1.0-litre petrol along with 1.5 litre petrol and diesel options. The car is expected to offer some nifty features like tyre pressure monitors, vehicle remote immobilisation, vehicle tracking, smartwatch connectivity and a huge 10.67 cm infotainmentContinue reading “Hyundai Verna 2020 coming. Here’s what we know so far about the new sedan”

Daimler India Commercial Vehicles (DICV), the maker of Bharat Benz trucks, expects January-March quarter (Q1) to be positive after decline of multiple quarters, and is hoping for sops in the upcoming budget to drive consumption and cushion the decline that is expected post price increase of almost 10-15% in Q2 and Q3 of 2020 dueContinue reading “‘Pre-buying of commercial vehicles gaining momentum’”

IntroductionIndia became the fourth largest auto market in 2018 with sales increasing 8.3 per cent year-on-year to 3.99 million units. It was the seventh largest manufacturer of commercial vehicles in 2018.The Two Wheelers segment dominates the market in terms of volume owing to a growing middle class and a young population. Moreover, the growing interestContinue reading “INDIAN AUTOMOBILE INDUSTRY REPORT”

Tractor major Mahindra & Mahindra has posted a 21 per cent growth in domestic sales in February 2020 at 21,877 units, as against 18,105 units during the previous corresponding period. Tractor major Mahindra & Mahindra has posted a 21 per cent growth in domestic sales in February 2020 at 21,877 units, as against 18,105 unitsContinue reading “M&M tractor posts 21% growth in domestic sales”

Sundram Fasteners has invested Rs 100 crore in the facility, which exported its first order to Germany to a European manufacturer– supplying to marquee OEMs– on Tuesday. CHENNAI: Sundram FastenersNSE -6.69 %, part of the $8.5 billion TVS Group, has set up a high-precision engineering components manufacturing facility in the Sri City Special Economic ZoneContinue reading “TVS Group auto parts maker sets up unit in Sri City”

“Dealers are defensive, financers are defensive and so are automakers. As a result, there has been hardly any pre-buy. We expect the same to continue in March. Hence, the demand should be much better in the next financial year than expected earlier,” Vinod Aggarwal, managing director said. MUMBAI: VE Commercial Vehicles Ltd, a joint ventureContinue reading “VE Commercial Vehicle to go ahead with Bhopal plant investment, production to begin in April 2020”

Indian auto industry had already maintained an inventory in the beginning of the year in anticipation of the Chinese New Year holiday but with the current lockdown in China, supply for BS-VI vehicles is likely to get impacted, SIAM President Ranjan Wadhera said in a statement. New Delhi: Vehicle production across all categories is likelyContinue reading “Vehicle production may be critically hampered due to coronavirus outbreak: SIAM”