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Zeegnition: How special was the year 2023 for the Auto Sectors?

Zeegnition: How special was the year 2023 for the Auto Sectors?

Tue, Dec 26, 2023

Zeegnition | What was special in 2023 for the auto sector, what were the big events and much more... See this special glimpse of 2023.

Automakers halt production in India due to coronavirus

Automakers halt production in India due to coronavirus

Mon, Mar 23, 2020

India`s biggest automaker Maruti Suzuki India and peers including Mahindra & Mahindra, Mercedes-Benz, Fiat Chrysler Automobiles (FCA) as well as Hyundai Motor Co said they will halt car production in the country due to the coronavirus outbreak

Coronavirus effect: Volkswagen brand to suspend production in Europe from Thursday

Wed, Mar 18, 2020

Coronavirus effect: Automobile major Volkswagen Passenger Cars brand will gradually suspend production at its European plants from Thursday for two weeks.

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Ford to invest $1 billion in artificial intelligence startup

Ford to invest $1 billion in artificial intelligence startup

Sat, Feb 11, 2017

Ford will invest $1 billion over five years in an artificial intelligence startup with the aim of developing an autonomous vehicle by 2021, the auto giant said.

Hero MotoCorp Q3 results: Here's what to expect

Hero MotoCorp Q3 results: Here's what to expect

Wed, Feb 08, 2017

The company is expected to post a decline in its pure profits margins, analysts say. Nishit Jalan and Hitesh Goel analysts at Kotak Institutional Equities said, “We expect two-wheeler companies to have a tough quarter with EBITDA for Hero MotoCorp declining by 21% on year-on-year basis.”

Elon Musk's Tesla Motors all set to make its India debut

Elon Musk's Tesla Motors all set to make its India debut

Wed, Feb 08, 2017

World's most renowned electric carmakar Tesla Motors is all set to make its entry into the Indian market this summer, its chief executive Elon Musk said.

Can't tell right now Nano's road ahead: Tata Motors

Can't tell right now Nano's road ahead: Tata Motors

Sun, Feb 05, 2017

"I can't tell you right now because these are decisions in line with the PV strategy. These decisions are going to be taken in alignment with the board as the time and the need appears," Tata Motors MD and CEO Guenter Butschek said when asked if Nano will be a part of the company's future by 2018.

Compact UVs drive PV sales as demand drops for cars: Ind-Ra

Compact UVs drive PV sales as demand drops for cars: Ind-Ra

Sun, Feb 05, 2017

"The key contributors to higher demand for utility vehicles (UVs) are shifting preferences among buyers to aspirational products such as UVs and more options available in the segment," the report said.

Eicher Motors Q3 may shine once again on back of robust Royal Enfield sales

Eicher Motors Q3 may shine once again on back of robust Royal Enfield sales

Wed, Feb 01, 2017

Analysts at Kotak Insititutional Equities said, "Eicher Motors are likely to report strong earnings growth while most other auto companies will likely struggle in this quarter post demonetisation."

Maruti Suzuki's NEXA sells 1.75 lakh vehicles within 18 months

Maruti Suzuki's NEXA sells 1.75 lakh vehicles within 18 months

Mon, Jan 30, 2017

Kalsi added, "NEXA will continue to create new and unique experiences for its customer beyond selling cars, and forge relationship which last beyond car purchase. NEXA is a response to a customer changing needs, expectations and aspirations.

Maruti Suzuki launches WagonR VXi+; find out price, variants and other details

Maruti Suzuki launches WagonR VXi+; find out price, variants and other details

Fri, Jan 27, 2017

R. S. Kalsi, Executive Director Marketing & Sales, Maruti Suzuki India Limited, said, “The WagonR VXi+ has been introduced to meet customer demands, who have desired for more style, along-with comfort, convenience and advanced safety features. The WagonR VXi+ defines unique design interventions both on the interiors as well as exteriors.”

Demonetisation affected repayment of auto loans: Fitch Ratings

Demonetisation affected repayment of auto loans: Fitch Ratings

Fri, Jan 27, 2017

According to Fitch, small auto loan borrowers have been affected the most but that would not impact credit ratings as there are sufficient external credit enhancement to cover the likely short-term impact on the lenders rated by it.

UK's car manufacturing reaches 17-year high; Jaguar Land Rover continues to be top producer

UK's car manufacturing reaches 17-year high; Jaguar Land Rover continues to be top producer

Thu, Jan 26, 2017

United Kingdom produced 1.72 million cars in 2016, up 8.5% over 2015. Tata-owned Jaguar Land Rover (JLR) produced 5,44,401 of these cars, registering an year-on-year growth of 11.1%.

Recovery on after initial demonetisation impact: Tata Motors

Recovery on after initial demonetisation impact: Tata Motors

Thu, Jan 26, 2017

"It was huge in both businesses (passenger and commercial vehicles) but not only on us but had huge impact on industry as well," Tata Motors Chief Executive Officer and Managing Director Guenter Butschek told PTI when asked about the impact of demonetisation.

PSA Group to make cars in India; to invest over $100 million

PSA Group to make cars in India; to invest over $100 million

Wed, Jan 25, 2017

PSA Group will tie-up with CK Birla Group to set up a manufacturing plant in Chennai.

Maruti Suzuki Q3 net jumps 48%

Maruti Suzuki Q3 net jumps 48%

Wed, Jan 25, 2017

Maruti said, "Increase in share of the company's higher segment models, lower sales promotion and marketing expense, cost reduction efforts and higher non-operating income contributed to increase in profits."

Hyundai Motor fourth-quarter profit skids 39% as steep discounts hurt

Hyundai Motor fourth-quarter profit skids 39% as steep discounts hurt

Wed, Jan 25, 2017

Hyundai Motor, the world`s fifth-biggest automaker along with affiliate Kia Motors Corp, reported an October-December net profit of 1 trillion won ($858.07 million), below the 1.5 trillion won average estimate of 14 analysts polled by Thomson Reuters I/B/E/S.

Maruti Suzuki Q3: Can new launches do the trick?

Maruti Suzuki Q3: Can new launches do the trick?

Wed, Jan 25, 2017

A Kotak research report said, "We expect revenues to increase by 11% yoy on the back of 4% yoy volume growth and increase in realisations led by higher export ASPs and success of higher-priced recent launches."

Rising raw material prices to eat into Q3 revenues of automobile companies

Rising raw material prices to eat into Q3 revenues of automobile companies

Thu, Jan 19, 2017

The rising cost of raw materials had put pressures on the balance sheets of automobile companies, as many chose to bear it themselves with demonetisation hitting sales.

Assets, mortgage-backed securities will be stable in 2017: Moody's

Assets, mortgage-backed securities will be stable in 2017: Moody's

Thu, Jan 19, 2017

Moody`s expects oil prices to remain low in 2017.

Samsung Electronics to supply Exynos processors for Audi vehicles

Samsung Electronics to supply Exynos processors for Audi vehicles

Wed, Jan 18, 2017

Samsung said in a statement its Exynos processors will power up to four in-vehicle displays for Audi`s next-generation infotainment system without elaborating on the contract value or what vehicles Audi will use the chips for.

Except Maruti Suzuki, Eicher Motors, automobile companies to report weaker Q3 results

Except Maruti Suzuki, Eicher Motors, automobile companies to report weaker Q3 results

Fri, Jan 13, 2017

A majority of automobile companies are expected to report weaker earnings during Q3, with the exception of Maruti, Suzuki and Eicher Motors

Postponed product launches, consumption stimulus in Budget to boost ad spends

Postponed product launches, consumption stimulus in Budget to boost ad spends

Fri, Jan 13, 2017

Many brands have partial deferment of advertising budgets led by postponement of new launches.

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