​Changan Automobile, China’s fourth-biggest automaker, plans to enter India in next fiscal

​Changan Automobile, China’s fourth-biggest automaker, plans to enter India in next fiscal

China’s Changan Automobile Company plans to enter India in the next financial year, reported ET Now. This will be the first investment by a Chinese car maker in India. The report comes as growth in the world’s largest auto market nears stagnation and price competition intensifies. In April its President Zhu Huarong said that China’s indigenous automakers lack pricing power and lag established global brands in major market segments such as sedans. An Associated Press…

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Diesel car ban in Delhi-NCR: Toyota says crackdown blow to ‘confidence’ in India

Diesel car ban in Delhi-NCR: Toyota says crackdown blow to ‘confidence’ in India

The lingering uncertainty on sale of high-end diesel vehicles in the national capital region has come as a big blow to Japanese auto major Toyota’s “confidence in India”, forcing its domestic unit to rework its plans. “Toyota Motor’s confidence in India has taken a big knock after the Supreme Court ban since mid-December last on sale of high-end diesel cars and SUVs, and the continuing uncertainty… is only adding to it. But it is our…

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Slowdown in Africa, Latin America hits auto exports, down 16 per cent in April

Slowdown in Africa, Latin America hits auto exports, down 16 per cent in April

Automobile exports from India plunged 15.87 per cent to 2.44 lakh units in April due to continuing demand slump in major overseas markets of Africa and Latin America. According to the latest data of Society of Indian Automobile Manufacturers (Siam), the domestic industry had shipped 2.90 lakh units in the same month last year. It is after three months of growth that automobile exports fell last month. In January, shipments had grown by 3.8 per…

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Eicher Motors PAT up 68 per cent; to invest Rs 600 cr in capacity

Eicher Motors PAT up 68 per cent; to invest Rs 600 cr in capacity

Driven by a 60% growth in number of units sold in the January-March quarter, Royal Enfield, an arm of Eicher Motors Limited, has reported a 68.3% growth in its net profit for the quarter ended March 2016 to R359.30 crore as compared to R213.50 crore in the same quarter last fiscal. The income from operations during the quarter increased by 61% to Rs 1,545 crore as against Rs 961.20 crore in the same quarter last…

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Honda launches compact SUV B-RV

Honda launches compact SUV B-RV

Japanese car-maker Honda Cars on Thursday launched a new compact sports utility vehicle BR-V priced between Rs 8.75 lakh and Rs 12.9 lakh. The new model which is the first seven-seater compact SUV in the Indian market, will compete with the likes of Hyundai Creta and Renault Duster, which are priced between Rs 8.46 lakh and Rs 14.5 lakh. The petrol variants of BR-V are priced between Rs 8.7 lakh and Rs 11.8 lakh while…

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Hero Moto Corp net jumps 71 per cent to Rs 814 cr

Hero Moto Corp net jumps 71 per cent to Rs 814 cr

Two-wheeler market leader Hero MotoCorp on Thursday met street estimates with its net profit growing 71% on a year-on-year basis to Rs 814.16 crore for the three months to March. A poll of analysts by Bloomberg had estimated the net profit to be at Rs 814.0 crore. Total income during the period increased 10.6% to Rs 7,512.17 crore. The company’s Ebitda at Rs 1,175.81 crore was up by 40.24% and Ebitda margin of 15.65% was…

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Hyundai India completes 20 years; plans to launch 2 new cars every year

Hyundai India completes 20 years; plans to launch 2 new cars every year

Exactly 20 years go, Hyundai Motor India Limited laid the foundation for its factory in India on May 6, 1996. It began operations in September 1998 by commissioning its first integrated car plant outside its home market Korea in Sriperumbudur near Chennai. The investment done on the factory now stands at 3.1 billion USD with vendor investment of 1.5 billion USD. The Santro was the company’s first car in India which was also the first…

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Honda cars to commission second plant at Tapukara in Q2 FY17

Honda cars to commission second plant at Tapukara in Q2 FY17

Japanese car major Honda India today said its brownfield expansion at Tapukara in Rajasthan is on course and the Rs 380-crore plant would be commissioned in the second quarter, which would take its total capacity to 3 lakh units from the present 2.4 lakh. “We are on course with Tapukara expansion. The work would be completed in the summer of this year,” Honda Cars India President and Chief Executive Yoichiro Ueno said after launhcing its…

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How energy-efficient can a car be?

How energy-efficient can a car be?

Recently, Shell unveiled a concept city car which, if it were ever to go into production, could deliver material reductions in energy use in the road transport sector. The three-seater car, the company says, is tangible proof of energy-efficiency improvements that can be achieved by using cutting-edge technology available today through a process of co-engineering, whereby vehicle body, engine design and lubricants are all created together. Shell says that its concept car—it doesn’t have a…

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Hyundai India plans sub-4 metre SUV, AMT, hybrid models

Hyundai India plans sub-4 metre SUV, AMT, hybrid models

Korean chaebol Hyundai Motor India, India’s second largest car maker, on Friday said that it will launch two products every year for the next few years and will focus on launching products with automatic transmission, hybrid and sub-4 metre SUVs. YK Koo, managing director and CEO, Hyundai Motor India while addressing visiting journalists at its plant near Chennai said: “Our focus will be launching modern premium brands. We are evaluating introducing AMT, hybrids and sub-4…

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