Tata Motors sinks most in 2 years on JLR margin concerns, demand worries
Tata Motors' shares were last down 8.3% at 959.75 rupees. It trimmed its gains in 2024 to 23%.
Tata Motors' shares were last down 8.3% at 959.75 rupees. It trimmed its gains in 2024 to 23%.
India is a bright spot for the Japanese auto giant, accounting for as much as 89% of the incremental volume of 168,000 units sold by Suzuki globally in the last fiscal year. While sales fell in several key markets, the Indian subsidiary posted a 9% increase in volume at 1.79 million units in fiscal 2024.
Suzuki Motor Corp intensifies SUV focus in India to regain market share. Strong financial growth in net sales and operating profit reported. Plans new production line and record sales for FY. New strategies to be unveiled by FY2024 end.
South Korea's top automaker Hyundai Motor has slipped to second place in global hydrogen vehicle sales in the first quarter (Q1), data showed on Monday.
The transition from internal combustion engine (ICE) vehicles to electric vehicles (EVs) faces challenges as consumers show a preference for hybrids and CNG vehicles over pure EVs. Maruti Suzuki expects significant growth in CNG car sales, signaling a shift towards alternative fuel technologies alongside traditional options.
The country’s first automobile assembly plant was inaugurated by Pushpa Kamal Dahal, the Prime Minister of Nepal, and Tae-Young Park, Ambassador of the Republic of Korea, in Nepal, on May 10, 2024. The assembly plant has an annual installed capacity of 5000 units, Hyundai said.
The Seagull, a low-priced electric car by BYD, poses a threat to American automakers. Chinese EVs face tariffs in the U.S., prompting concerns about the impact on the auto industry and the need for adaptation and competition.
The US auto workers union's drive to organize auto plants in the southern United States faces a second test this week at Mercedes-Benz in Alabama following a triumph last month. Some 5,200 workers at the Mercedes auto manufacturing plant and battery complex near Tuscaloosa, Alabama will decide whether to join the United Auto Workers in a federally-administered election that runs from Monday through Friday.
The company sells CNG trims across various models like WagonR, Brezza, Dzire, and Ertiga, among others in the domestic market. Bharti said the company's capacity expansion by around 1 lakh units per annum at its Manesar plant, Haryana largely addresses the Ertiga supply issues. Ertiga CNG demand is huge in the market leading to supply issues, he noted.
Car manufacturers are adopting sophisticated glass coatings to maintain cool temperatures inside vehicle cabins, reducing the reliance on air conditioning as temperatures soar above 45°C in certain Indian cities during the summer. This initiative coincides with the trend towards larger vehicles like SUVs and electric models, which demand more battery pack space, resulting in larger glass surface areas and thermal loads
Spain's Industry Ministry said the carmaker aimed to produce 300,000 units of the new vehicle annually. "It is a model that will guarantee the workload for this factory and prepare it for the future," the ministry said in a statement.