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    Uno Minda to further invest Rs 33.5 crore in JV with Toyoda Gosei to strengthen partnership

    Tier 1 supplier, UNO Minda plans to further strengthen its partnership with Japan's Toyoda Gosei, for which the Board of Minda Industries today approved an investment of Rs 33.5 crore, in TG Minda, a 49.9 percent joint venture of UNO MINDA and Toyoda Gosei, Japan (TG). The investment will be used to consolidate the business of Toyoda Gosei in...

    • an hour ago
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    Mercedes-Benz India to set up temporary hospital for Covid-19 patients in Pune

    Here's yet another instance of the automobile industry extending a helping hand In the wake of the ongoing global health crisis caused by the outbreak of COVID-19 pandemic. Mercedes-Benz India is to set up a temporary hospital with medical facilities and isolation wards for COVID-19 patients. The newly developed medical facility in Mhalunge-Ingale village,...

    • 2 hrs ago
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    Mercedes-Benz India sets up a temporary hospital for Covid 19 patients in Pune

    The country's largest luxury carmaker Mercedes-Benz India has decided to set up a temporary hospital with medical facilities and isolation wards for Covid-19 patients on the back of the ongoing global health crisis caused by the outbreak of Covid-19 pandemic. The newly developed medical facility is located in Mhalunge-Ingale village, Chakan Khed, and will have...

    • 2 hrs ago
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    Hyundai Motor India registers sharp 41% sales decline in March

    The country's second-largest carmaker Hyundai Motor India today announced its preliminary sales numbers for the month of March. The company registered total domestic volumes of 26,300 units with a significant 41 percent year-on-year sales decline, when it had clocked 44,350 units in March 2019. Hyundai Motor India attributes this weak performance to the ongoing lock-down put...

    • 3 hrs ago
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    Kia sales drop 6% in March; Seltos just 1,171 units behind best-seller Sportage

    Kia Motors Corporation today announced its global sales results for March 2020, recording sales of a total of 226,960 units - a 6.4 percent year-on-year decrease compared to March 2019. Its Sportage SUV emerged as the top-selling model globally, with sales of 28,977 units, followed by the Seltos with 27,806 units and the K3 (Forte) sedan with 21,194 units. With...

    • 3 hrs ago
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    Profitability of auto dealers to be five year low in FY2020: ICRA

    Rating agency ICRA claims that with Supreme Court verdict regarding BSVI deadline extension not going their way, the automobile dealers are now likely to return few of unsold BS IV inventory to vehicle manufacturers (depending on OEM policies). Further, they may also register these vehicles in the name of associates which will then be sold off later as used or second-hand...

    • 4 hrs ago
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    Dealer profitability to hit five-year low in FY2020 and worsen in FY2021: ICRA

    Ratings agency ICRA claims that with the Supreme Court verdict regarding BS VI deadline extension not going their way, automobile dealers in India are now likely to return few of unsold BS IV inventory to vehicle manufacturers (depending on OEM policies). Further, they may also register these vehicles in the name of associates which will then be sold off later as...

    • 4 hrs ago
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    Karma Automotive develops E-Flex modular platform for EV

    US-based, Karma Automotive has announced the introduction of the Karma E-Flex platform a highly versatile chassis, which it says offers new electric vehicle mobility solutions ranging from autonomously-driven utility vans, to every-day driver vehicles, to high-performance supercars. Karma, the California-based manufacturer of luxury electric vehicles and high-tech incubator, said the...

    • 5 hrs ago
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    MG Motor India sells 1,518 units in March

    MG Motor India today announced that it has clocked total retail sales of 1,518 units in March 2020. This includes 116 units of its ZS EV, and 1,402 units of the Hector. As per Autocar Professional's sales estimates, this takes total sales of the Hector in FY2020 to 21,680 units since July 2019, averaging 2,408 units a month. . This takes MG Motor India's FY2020 cumulative sales to 21,954 units....

    • 6 hrs ago
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    Maruti Suzuki sales down 48% to 76,976 units in Covid-19-impacted March

    Even as the Indian automobile industry braces for the impact of Covid-19 on its sales, the first clues to a disastrous March are in: market leader Maruti Suzuki India's March sales. At 76,976 units, its March 2020 numbers are down a whopping 48% year on year (March 2019: 147,613). This is easily the worst monthly sales performance for the company in a very long time,...

    • 7 hrs ago

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