Page 40 - Auto Sector News Today

Pakistan’s auto sector: growth comes at a high cost Touted as backbone for economy, companies have added little value to their imports KARACHI: Last week when auto sales data was released, everyone jumped with joy. Why shouldn’t they? Sales figures for March 2021 increased 27% month-on-month, and since year-on-year comparison really isn’t fair due to the lockdown in 2020, everyone saw this as a delightful development for a sector that has various industries associated with its recovery. F...

Maruti Suzuki on Friday said it is increasing the prices of select models owing to a rise in various input costs. “The weighted average increase in ex-showroom prices (Delhi) across models is 1.6 per cent,” it said in a regulatory filing. The new prices are effective from Friday. It is expected that other automakers will follow suit. Automakers in India have been hiking prices this year, citing rise in various input costs. In January, Maruti had cited a rise in input costs and raised prices...

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If a shortage of parts has further extended the waiting period for new cars and SUVs, fewer people replacing their old cars for new and a fall in repossession of vehicles by financiers due to the moratorium benefits have affected the supply in the used-car market.

Maharashtra is estimated to contribute 15-20% to the country’s car and SUV sales. (Representative image) NEW DELHI: The fresh Covid lockdown in Maharashtra has become a worry for the car industry, which fears that the recent boost in demand may be punctured, especially on the retail front. Dealers too are worried and say that a prolonged period of shutdown may lead to closure of many car and two-wheeler retailers, many of whom are still to recover fully from the negative impact of the first ...

Teji Mandi Explains: Auto demand remains buoyant in March, rising COVID-19 cases biggest threat Despite the rising number of COVID cases, automobile sales remained strong in March. While passenger vehicles have emerged strong, the two-wheeler segment has managed to stay afloat. A lot will depend on the emerging COVID situation and the governments response to it. Demand for automobiles continued to remain strong as the industry reported strong volumes in March on a yearly basis. However, given t...

The countrys largest carmaker Maruti Suzuki India on Monday said its total production in March 2021 increased significantly to 1,72,433 units over the same month last year. The company had produced a total of 92,540 units in the year-ago period, Maruti Suzuki India (MSI) said in a regulatory filing. "Production in March 2020 had declined significantly over the same period of the previous year owing to COVID related disruption. The comparison of March 2021 figures with March 2020 figures has ...

Updated Mar 16, 2021 | 14:03 IST Where is the Indian auto industry headed in a post pandemic world? Experts from the auto industry engage in a panel discussion to share their insights, going forward What does the future hold for the Indian auto industry?&nbsp This week on the Auto Car Show we bring to you insights of the auto industry over conversations with leaders in Brobot Dialogues brought to you by Reliance General Insurance. In this special discussion, the best m...

Tata Motors will overcome the challenge of commodity price increase through a balance of pricing action and accelerating cost reduction, says Girish Wagh

Updated Mar 11, 2021 | 13:40 IST Automaker Mahindra and Mahindra posted a robust financial results in the December quarter and hiked salaries across the board and paid out full performance pay. Mahindra and Mahindra clears air on layoffs, says no pay cuts at any levels.&nbsp | &nbspPhoto Credit:&nbspBCCL New Delhi: Auto major Mahindra and Mahindra (M&M) has issued a statement refuting the recent media reports about cutting jobs of around 300 senior-level executives, sayin...