Automobiles

Maruti taps home channels to help clear inventory

Armed with record discounts, the initiative is aimed at offering additional incentives of about Rs 5,000 to Rs 20,000 to employees of over 800-1,000 companies associated with it. Mumbai: Faced with a record inventory and a sluggish demand climate, Maruti Suzuki, the country’s largest carmaker, has approached its stakeholders — dealers, vendors, parts distributors and marketing agencies – with a […]

Automobiles

Honda cranks out strategy to battle slump in scooter sales

According to senior officials in HMSI, the company is now further strengthening its presence in the top 100 markets in urban/semi urban India even as it cranks up its financing and network strength in rest of India including rural markets. Chennai: Automatic scooter sales have been hit by the demand resurgence in entry level 100-110 cc motorcycle sales but scooter […]

Automobiles

Maruti Grabs 10% share in mini-trucks market with Super Carry

In the April to-November period of FY19, Maruti Suzuki became the fast-growing brand in the sub-2 tonne mini-truck segment, with a three-fold expansion. Mumbai: Maruti Suzuki, the country’s largest carmaker, has quietly grabbed a 10% market share in the highly competitive last-mile connectivity-mini-truck segment with its Super Carry. In the April to-November period of FY19, Maruti Suzuki became the fast-growing […]

Automobiles

Honda Cars India posts profit of Rs 257 crore in FY18

The higher capacity utilisation, greater localisation and good response to new models helped the company deliver a much stronger operational performance. the maker of City sedan, has posted a profit of Rs 257.3 crore for fiscal year 2018, led by higher sale of its sedans and the newly launched crossover SUV WRV. The company had bounced back to profit last […]

Automobiles

Tata Motors assures UK PM May of JLR commitment: Report

The report comes amid reports of JLR being forced to make job cuts, shedding more than 1,000 agency staff and putting 2,000 workers at its Castle Bromwich plant in the West Midlands on a three-day week. owner Tata Motors has reportedly assured Prime Minister Theresa May of the company’s commitment to Britain’s automotive industry despite the ongoing turmoil of Brexit. […]

Automobiles

Maruti Suzuki plans to stop producing BS-IV models by Dec 2019

The company’s decision is in line with the Supreme Court’s order stating that no BS-IV vehicle should be sold in the country from April 1, 2020 as the BS-VI emission norms would come into force. New Delhi: Automobile major Maruti Suzukis Chairman R.C. Bhargava on Wednesday said it plans to stop manufacturing Bharat Stage (BS)-IV compliant cars by the end […]

Automobiles

Toyota Kirloskar starts clearing sales tax dues to Karnataka

Toyota Kirloskar Motor (TKM) said on Tuesday that it had begun clearing the sales tax dues to Karnataka. “There is no requirement to pay the full amount of sales tax incentives availed other than an amount of ₹32 crore payable under the terms of the GO falling due within the next six months,” the company said in a release. ‘Obligations […]

Automobiles

Mercedes-Benz cuts China prices after tariff on U.S.-made cars suspended

Prices of four models were cut by between 36,000 yuan ($5,219.96) and 135,000 yuan, the Daimler AG-owned company said on its microblog. BEIJING: German luxury carmaker Mercedes-Benz on Monday said it would offer discounts on cars imported into China from the United States until March 31 after Beijing suspended additional tariffs on U.S.-made cars. Prices of four models were cut […]