Sources from New Delhi have stated that Indian automobile industry has exported 624,939 units of passenger vehicles (PVs) during April 2016 January 2017 as against 533,034 units in same period last fiscal, as per Society of Indian Automobile Manufacturers (SIAM) report. PV exports had increased 17.24 percent during the period. Ford India has registered year on year export growth of over 129.49 % in the ongoing financial year and is now the second largest passenger vehicle exporter from India aft
Sources from Mumbai have stated that exports hold the key to Renault-Nissan Alliance having become the country's third-biggest carmaker and Ford India its fifth-ranked one, testimony to the Centre's `Make in India' initiative. Both companies have less than 5% share each of the domestic market and are making the most of their manufacturing presence in the country by shipping vehicles overseas, mainly to Europe, Africa and the Middle East.
Sources have stated that the National Green Tribunal had asked Volkswagen India on Friday why costs shouldn't be imposed on it for allowing around 3.14 lakh "polluting" vehicles to ply on the roads more than a year after it undertook to recall them.
Trials in the US showed Volkswagen had installed software in cars which allowed them to fudge emissions during tests. The Automotive Research Association of India (ARAI) too conducted tests on some Volkswagen models and found three to nine times more
Sources have stated that earlier on Monday, Toyota announced that as of January 31, it had sold some 10 million hybrid cars globally since building the world’s first mass-produced hybrid electric vehicle, the Prius, back in 1997. A million of those sales came since end-April 2016, indicating how hybrids today are “out of the unknown and into the mainstream,” as Toyota chairman Rajesh Uchiyamada put it in a press release.
Sources have stated that Maruti Suzuki with its Ignis has been very clear on its target audience and the target customer for the company has been the ‘millennials’ or the youngsters of the country born between 1980-90. The company has a wider product portfolio to address to small family cars to executive sedans for corporate demand, MPV Ertiga for Indian family needs, SUV styling on its Vitara Brezza and with Ignis it wants to diversify its product offering to attract the youth, first time buyer
Sources have stated that the logjam over the decision to ban registration of non-BS-IV vehicles in NCR from April 1 continued with EPCA and automobile manufacturers failing to hammer out a consensus. The Environment Pollution Prevention and Control Authority (EPCA) reprimanded major automobile manufacturers for remaining adamant on their stand that abiding by any cut-off date was difficult as their inventory will take time to clear off.
Mumbai sources have stated that Tata Motors a press release today confirmed that its KITE 5 concept car will be christened as Tata Tigor. The concept was first showcased at Autoexpo 2016.Tata TIGOR is the next offering of the IMPACT design language after Tata Tiago and Tata Hexa and is targeted at young, talented and confident individuals who express their individuality with a unique style of their own. Tata TIGOR will cater to a design and attitude led consumer and will be India’s 1st ‘Styleba
New Delhi sources have stated that The entry level car segment will soon see the entry of Datsun Redi- go's new 1L engine and the addition of an AMT gearbox and the competition starts from the base variants which have 800cc engine and Maruti Suzuki Alto has been dominating this space for years.
Sources have stated that the automotive industry wants a very clear policy regarding scrapping of old vehicles. This will not only help the environment, but also in government revenue. It will also lead to more scraps, which will eventually fulfill the industry's scrap requirement. It will also create additional employment.
Sources from New Delhi have stated that India has signed a $201.50 million financing agreement with the World Bank to improve the quality of technical education in the country.
The Finance Ministry has said in a statement that the "Financing agreement for credit of $201.50 million for the 'Third Technical Education Quality Improvement Programme (TEQIP III)' was signed with the World Bank here on Tuesday".
Sources have stated that the Czech based car maker, Skoda, has unveiled the all new Kodiaq Scout which will be showcased at the Geneva Motor Show 2017. The Kodiaq Scout, which is essentially an off road version of the regular Kodiaq, will go on sale during the mid 2017.
London sources have stated that the Society of Motor Manufacturers & Traders (SMMT), one of the UK's largest trade associations, said the Indian demand formed part of a wider 17 year high for British car manufacturing last year.
Sources from Kolkata have stated that the just-launched luxury SUV Hexa based on the MUV Aria platform is just the beginning of Tata Motors’ plans to grab a substantial chunk of the SUV pie that is currently dominated by rival Mahindra & Mahindra (M&M). In doing so, it also aims to dislodge M&M from the no.3 spot in the Indian auto market and grab the coveted position.
Mumbai sources have stated that Tata Motors on Wednesday launched the premium Tata Hexa SUV priced between Rs 11.99 lakh and Rs 17.50 lakh and managing director Gunter Butschek called it just the beginning. The company plans a dedicated utility vehicle modular platform to meet future norms.
Sources have stated that Honda Cars India has started testing BSVI compliant diesel which it had received from Indian Oil Corporation (IOC) in November 2016. The company had received 5 barrels from IOC's Mathura oil refinery, while the company did not share more information on this it did claim that it is the first company to begin testing of BS VI fuel in India.