Bajaj Auto plans a dedicated plant for electric scooter Chetak

Mumbai, Oct. 23 -- Pune-based manufacturer of two- and three-wheelers Bajaj Auto Ltd is planning to set up a dedicated production plant for its electric scooter Chetak. In an interview to CNBC-TV18 o... Read More

India needs to build greater scale to localise more: Skoda Auto Volkswagen

New Delhi, Oct. 23 -- A larger manufacturing scale is required for India's passenger car market to drive deeper localisation of parts in line with the central government's Atmanirbhar Bharat program, ... Read More

Ashok Leyland sees demand recovery in intermediate commercial vehicles

Mumbai, Oct. 22 -- An increase in consumption of essential goods and an uptick in industrial production in the build up to the festive season is beginning to drive demand recovery for the intermediate... Read More

Expansion of premium bike portfolio held up margins in Q2: Bajaj Auto

Mumbai, Oct. 22 -- Two- and three-wheeler manufacturer Bajaj Auto Ltd, which reported a 19% YoY drop in its profit after tax at Rs.1,138 crore and 8% decline in its turnover at Rs.7,442 crore during t... Read More

Bajaj Auto September quarter profit declines 19%

Mumbai, Oct. 22 -- Pune-based Bajaj Auto Ltd has reported a 19% year-on-year decline in its standalone profit to Rs.1,138 crore for the September quarter this year. The company attributed the drop in... Read More

Import content in India's most localised car would be at least 15%: Gurpratap Boparai

New Delhi, Oct. 21 -- Even as automobile manufacturers are looking to boost localisation under central government's Atmanirbhar Bharat initiative, the top executive at Skoda Auto Volkswagen India Pvt ... Read More

Fire breaks out at Royal Enfield's Jaipur-based stockyard

MUMBAI, Oct. 21 -- Eicher Motors Ltd on Wednesday said that a fire broke out at its stockyard facility at Kukas, near Jaipur, at about 12:30pm today. The unit belongs to its motorcycle unit Royal Enfi... Read More

Luxury carmakers focusing on demand for used cars amid slowdown in sales

New Delhi, Oct. 19 -- At a time when the luxury car segment is expected to see a near 40% decline this fiscal due to covid-19 related disruptions, carmakers such as Mercedes-Benz India Pvt. Ltd, BMW I... Read More

LCVs record strong pickup in sales

MUMBAI, Oct. 16 -- Mini-trucks, pickup vans and other light commercial vehicles (LCVs) are seeing a rebound in sales, driven by a robust e-commerce market and the need to transport fresh vegetables, f... Read More

Passenger vehicle sales grow 10% in September

MUMBAI, Oct. 16 -- For the first time this fiscal, retail sales of passenger vehicles (PV) have seen a yearon- year growth, with September volumes growing 10% to 195,665 units, according to data from ... Read More