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BS VI norms may delay auto sector recovery by two years: Honda Motor

Mumbai, Nov. 13 -- As the two-wheeler domestic wholesales continued to post negative growth for the eleventh month in a row in October 2019, a top executive at Honda Motor Company Ltd told Mint that d... Read More


Moody's assigns 'Ba3' to Tata Motors' proposed senior unsecured notes

New Delhi, Nov. 12 -- Moody's Investors Service on Tuesday allotted Ba3 rating to the proposed senior unsecured notes to be issued by Tata Motors Ltd (TML) with a negative outlook. "The proposed note... Read More


Motherson Sumi posts 4% rise in Q2 net profit

New Delhi, Nov. 11 -- Motherson Sumi Systems Ltd (MSSL) has reported consolidated Q2 FY20 profit after tax (PAT) at Rs385 crore on Monday. PAT was up 3.78% year-on-year (YoY) on good growth in oversea... Read More


Mitsui, TECO tie up to make EV motors in India

Mumbai, Nov. 8 -- Mitsui and Co. of Japan will partner with TECO Electric and Machinery Co. Ltd of Taiwan to manufacture motors for electric vehicles (EVs) in India from next year. The two firms plan... Read More


M&M domestic wholesales fall 11% in October

New Delhi, Nov. 8 -- Mahindra and Mahindra Ltd (M&M) has reported a year-on-year decline of 11% in its domestic wholesale volumes, which stood at 49,193 units for October 2019. The company's total dom... Read More


Maruti leads the way, sales rise after 7 straight months of decline

Mumbai, Nov. 8 -- Domestic wholesales at India's largest carmaker, Maruti Suzuki India Ltd, rose 4.5% in October from the year earlier, the company said on Friday as it became the first automobile man... Read More


Running late, Hero MotoCorp to take 4 more years to meet export target

New Delhi, Nov. 7 -- For Hero MotoCorp Ltd (HMCL), India's largest two-wheeler manufacturer, achieving its lofty aim of exporting 1 million units a year will take some more time. Originally planned fo... Read More


Honda Motorcycle shifts focus to premium bikes in India

New Delhi, Nov. 6 -- Honda Motorcycle & Scooter India Pvt Ltd (HMSI), the country's second largest two-wheeler company, is shifting its focus to premium motorcycles, the company said on the sidelines ... Read More


Volkswagen to become an SUV brand in India

Mumbai, Nov. 4 -- Every new product from Volkswagen in India will now be an SUV, a top executive at the German automaker said, as the company attempts to revive its fortunes in a market where its shar... Read More


Maruti shows the way, sales rise after 7 mths

Mumbai, Nov. 2 -- Domestic wholesales at India's largest carmaker, Maruti Suzuki India Ltd, rose 4.5% in October from the year earlier, the firm said on Friday, to become the first automobile manufact... Read More