Auto Sector

Rolls-Royce Motor Cars confirms development of new model

Rolls-RoyceNew Delhi, Aug 5 : The manufacturer of the world's pinnacle super luxury automobiles, today confirmed the development program for a new Rolls-Royce. The new car will reach the market by mid-2016.

The car will build on the success of Phantom, Ghost and Wraith by continuing to boldly shape the future of the marque with contemporary, graceful and sensuous styling. It will deliver effortless, open-top touring through the perfect marriage of modern Rolls-Royce luxury, style and elegance with an engaging and exhilarating driving experience.

Honda halts City production in Aug; to shift to Tapukara

HondaNew Delhi: Honda Cars India is temporarily suspending production of its flagship sedan City this month as it shifts manufacturing of the car to its Tapukara facility.

The company said it will resume production of the car that is being rolled out from its Greater Noida plant in the first week of next month.

"There will be no production of the Honda City in the month of August and the manufacturing of the car will resume in first week of September," Honda Cars India Ltd (HCIL) said in a statement.

GM Finance subpoenaed over subprime auto loans

GM Finance subpoenaed over subprime auto loansNew York - GM Finance says it has received a subpoena from the US Department of Justice for documents related to subprime auto loans. The affiliate of General Motors Co said in a filing today with the government that the Justice Department requested documents related to the origination and securitisation of subprime auto loan contracts since 2007.

Bajaj Auto sales rise 9% in July

Bajaj Auto sales rise 9% in JulyNew Delhi - Bajaj Auto on Monday reported 9 percent increase in motorcycle sales at 2,67,841 units in July 2014.

The company had sold 2,46,828 units in the same month last year, Bajaj Auto Ltd said in a statement. BAL said exports were up 54 percent during the month at 1,69,755 units as compared to 1,10,023 units in July 2013.

In the commercial vehicles category, its sales stood at 51,451 units, up 49 percent, against 34,499 units in the same month of the previous year.

Hyundai eyes new customer segments; Elite i20 launch next week

Hyundai eyes new customer segments; Elite i20 launch next weekNew Delhi - Korean car major Hyundai is looking to tap new customers in rural areas and corporate segment to increase its market share in the Indian automobile market.

The company's wholly-owned arm Hyundai Motor India Ltd (HMIL), which will make the global launch of its all new premium hatchback Elite i20 this month, also plans to introduce a new model each year in the segment where it is not present.

TVS Motor July sales up 32.15% to 2,03,092 units

TVS-MotorNew Delhi: Chennai-based TVS Motor Company on Saturday reported a 32.15 percent increase in its total sales at 2,03,092 units in July 2014.

The company had sold 1,53,676 units in the same month last year, TVS Motor Company said in a statement.

Total two-wheeler sales increased by 32 percent to 1,94,128 units in July 2014 as against 1,46,671 units in the same month a year ago.

Domestic two-wheeler sales stood at 1,64,571 units last month, up 30 percent, from 1,26,531 units in the year-ago period, it added.

Hero MotoCorp sales up 8.67% in July

Hero-MotoCorpNew Delhi: Country's largest two-wheeler maker Hero MotoCorp on Friday reported a 8.67 percent increase in its total sales at 5,29,862 units in July 2014.

It had sold 4,87,545 units in the same month last year, Hero MotoCorp said in a statement.

During July, Hero MotoCorp become the first Indian two-wheeler maker to have a manufacturing facility in Latin America, where it has set up its wholly-owned subsidiary in Colombia 'HMCL Colombia SAS'.

"All the recent launches by the company, including the new Xtreme, Karizma and ZMR are driving volumes across market," Hero MotoCorp said.

Toyota Kirloskar sales declines 4.3% in July

ToyotaNew Delhi: Toyota Kirloskar Motor on Friday reported a 4.30 percent decline in total sales at 13,847 units in July 2014.

The company had sold 14,470 units in the corresponding month of previous year, Toyota Kirloskar Motor (TKM) said in a statement.

In the domestic market, TKM sold 11,921 units in July 2014, up 3.52 percent as compared to 11,515 units in July 2013.

During the month, the company exported 1,926 units of Etios.

Hyundai sales down marginally

Hyundai Motor IndiaNew Delhi: Hyundai Motor India Ltd (HMIL) on Friday reported a marginal decline of 1.42 percent in total sales to 48,010 units in July.

The company had sold 48,704 units in the same month of last year, it said in a statement.

In the domestic market, Hyundai sold 29,260 units last month as compared to 25,965 units in July 2013, an increase of 12.69 percent.

During the month, Hyundai's exports declined 17.54 percent to 18,750 units as against 22,739 units in the same month last year.

VE Commercial Vehicles register 6% growth in July

eicherNew Delhi: Auto maker VE Commercial Vehicles on reported 6.06 per cent growth by selling 3,341 units of its Eicher branded products in July.

The company, which is a 50:50 joint venture between the Volvo Group and Eicher Motors, had sold 3,150 units in the same month last year.

Domestic sales registered a marginal increase of 1.37 per cent to 2,955 units last month, as against 2,915 units in the same month a year ago, VE Commercial Vehicles, informed the BSE.

On the exports front, Eicher trucks and buses sales jumped 64.3 per cent to 386 units last month, as against 235 units in July 2013, the company added.--PTI

General Motors' July sales down 27% to 4,726 units

General MotorsNew Delhi: General Motors India on Friday reported 27.32 per cent decline in July sales at 4,726 units as against 6,503 units sold in the same month of last year.

The July 2014 sales include 1,563 units of Beat, 1,222 units of Tavera and 812 units of Chevrolet Enjoy, the company said in a statement.

General Motors India Vice President P Balendran said: "The buoyancy in the market is still missing because of high interest rates and high fuel prices. An insufficient monsoon is also affecting sales of small cars in rural areas and tier II cities."

Maruti July sales rise 21.7% to 1,01,380 units

MarutiNew Delhi: Country's largest car-maker Maruti Suzuki India (MSI) today reported 21.7 percent increase in its total sales for July at 1,01,380 units as against 83,299 units in the same month last year.

The company said its domestic sales rose 19.9 percent during the month to 90,093 units as against 75,145 units in July 2013.

Sales of mini segment cars, including Alto, A-Star and WagonR, declined 14.4 percent to 28,759 units as compared to 33,587 units in the year-ago month, MSI said in a statement.

Tata Motors lines up up to Rs 4,000 crore capex

Tata Motors lines up up to Rs 4,000 crore capexMumbai: With expected turnaround of auto industry by the latter half of the financial year, Tata Motors on Thursday said it is investing Rs 3,500-Rs 4,000 crore this year.

"Our capital expenditure plan for Tata Motors this year is Rs 3,500-Rs 4,000 crore and we will continue to invest for the next three-year period," Chairman Cyrus Mistry told shareholders at the annual general meeting (AGM) here.

The company spent Rs 3,094 crore on capex, design and development of products in FY 2014.

Honda plans to export Mobilio to South African market

Honda-MobilioChennai: As part of its plans to sell over 9,000 units during the current financial year, automaker Honda Cars India would consider exporting its latest mid-size multi purpose vehicle Mobilio to South Africa, a top company official said today.

The Japanese carmaker had shipped about 6,000 units in the last financial year, Honda Cars India Senior Vice-President (Sales and Marketing), Jnaneswar Sen said.

"We are considering exports of Mobilio to South Africa. Last year, we made exports of 6,000 units. This year we have a target of 9,000 units", Sen told reporters here after launching Mobilio in the region.

New Jaguar XE sedan to make global debut in September

Jaguar XE sedanNew Delhi: Tata Motors-owned Jaguar Land rover will hold the global premiere of the new Jaguar XE luxury sedan in London on September 8 with which it is looking to bring new levels of aluminium-intensive lightweight construction expertise to the segment.

The Jaguar XE will use a new grade of high strength aluminium called 'RC 5754', which has been developed specifically for the XE, the company said in a statement.

"This new alloy features a high level of recycled material and makes a significant contribution to Jaguar's goal of using 75 percent recycled material by 2020," it said.

Audi fans enjoy Q-series off-roading experience in Noida

AudiNew Delhi, July 28 - Fans of German automobile manufacturer Audi experienced the superlative style, performance and Quattro technology of the Audi SUVs, namely Q3, Q5 and Q7, recently in Noida.

Speaking at the occasion, Mr. Sarvajit Verma, CEO Audi Delhi West and Audi Noida said, "The Q drive is to further give our discerning customers the opportunity to experience the legendary Audi Quattro technology on a specially created terrain for an unforgettable not be missed experience. The Q drive experience is aimed at providing a hands-on experience of what Quattro has to offer".

Maruti hikes Celerio AMT output, looks to cut waiting period

Maruti CeleriNew Delhi: The country's largest carmaker Maruti Suzuki India (MSI) is looking to increase the supply of auto gear shift version of its latest compact hatchback Celerio to reduce the waiting period that currently stands at about four months.

Since its launch in February, the company has so far received bookings for over 57,800 units of Celerio, out of which 43 percent (25,000) are units with automated manual transmission (AMT) technology.

"We continue to try and increase the supply of the auto gear shift (Celerio) cars," a spokesperson of MSI said.

Ashok Leyland to launch 'Jan Bus' in Kolkata this week: MD

Ashok-Leyland-Jan-BusChennai: Commercial vehicle maker Ashok Leyland has lined up a number of new launches this fiscal which include the formal launch of 'Jan Bus' in Kolkata on July 30, a top official said.

"There are many products. A whole slew of launches. We have variants of Bus, lot more of Captain. Jan Bus is being launched on 30th (July) in Kolkata, first time, a national launch in collaboration with the government. We are very happy about that..." Ashok Leyland, Managing Director, Vinod K Dasari told reporters.

Force Motors Q1 Net up 36% at Rs 19 crore

Force-MotorsNew Delhi: Force Motors today posted 35.87 percent increase in its net profit at Rs 19.39 crore for the first quarter ended June 30.

The company had posted a net profit of Rs 14.27 crore for the same period of previous fiscal. Net sales of the Pune-based company rose to Rs 538.42 crore for the first quarter, as against Rs 497.13 crore in the same period of previous fiscal, Force Motors Ltd said in a BSE filing.

Force Motors sells a range of vehicles, including small commercial vehicles, multi-utility vehicles (MUVs), light commercial vehicles, sports utility vehicles (SUVs) and agricultural tractors. --- PTI

Mahindra Two Wheelers plans up to 4 launches this year

MahindraNew Delhi: Mahindra Two Wheelers plans introduce up to four new products, including a scooter, a bike in entry level segment and variants of existing products, this year as it looks to scale up presence in the market.

The company is also aiming to treble its exports in the next six months with plans to enter four new international markets by this year.

"We have been on a stabilisation mode putting our infrastructure in place in the last one year. With a series of launches in both domestic and international markets, we are now looking at rapid growth," Mahindra Two Wheelers Chief of Operations Viren Popli told PTI.

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