industry

Royal Enfield’s 68% sales decline pushes Eicher Motors’ revenue down in Q1 FY21

Royal Enfield’s 68% sales decline pushes Eicher Motors’ revenue down in Q1 FY21

Aug 13, 2020

Royal Enfield retail operations have now resumed through the unlock phases in a staggered manner. The company now has 921 dealerships and 638 studio stores are open and functional across India. Here are the financial results for Eicher Motors, Royal Enfield and VECV for Q1 FY21.

Isuzu Motors India partners with TVS Automobiles: Authorised workshop to service other car brands

Isuzu Motors India partners with TVS Automobiles: Authorised workshop to service other car brands

Aug 13, 2020

This will ensure that dealers utilise the excess resources for servicing cars from other brands and generate revenue. TVS, from their part, will provide skilled multi-brand technicians

Ashok Leyland reports loss of Rs 389 crore in Q1 FY21

Ashok Leyland reports loss of Rs 389 crore in Q1 FY21

Aug 13, 2020

ALL had reported a 56% decline in total commercial vehicle (CV) sales at 4,775 units in July 2020 against 10,926 in the same month last year. The domestic sales stood at 4,282 units against 10,100 units in the year-ago month, down by 58 percent.

Exclusive! Euler Motors’ electric 3-wheeler LCV launch postponed: Covid-19 impact, future plans detailed

Exclusive! Euler Motors’ electric 3-wheeler LCV launch postponed: Covid-19 impact, future plans detailed

Aug 12, 2020

Euler Motors has tie-ups with multiple brands like BigBasket, EcomExpress, Udaan, and BlueDart. Express Drives recently had an interaction with Saurav Kumar, CEO and Founder, Euler Motors in order to understand the impact of Covid-19 on the company’s business, future product strategies and more. Here is what all he had to say!

July 2020 car, bike, scooter sales: Auto OEMs register improved sales, PVs limit degrowth at 4%

July 2020 car, bike, scooter sales: Auto OEMs register improved sales, PVs limit degrowth at 4%

Aug 12, 2020

The total production of passenger vehicles, two-wheelers, three-wheelers and quadricycle in July 2020 was at 17,15,514 units, against 24,28,518 units in July 2019, with a de-growth of 29.36%. Sequentially, in June 2020, the PV sales were at 1, 05,617 units as compared to 2,09,522 units in June 2019 marking a decrease by 49.59%.

Time for Indian OEMs to seek global position: Ashok Leyland

Time for Indian OEMs to seek global position: Ashok Leyland

Aug 12, 2020

Ashok Leyland had introduced a modular truck platform AVTR for the medium and heavy range alongside the introduction of innovative i Gen BS6 emission technology. In addition, the company is ready with an in-house developed new LCV range but the launch had to be deferred due to the Covid-19 pandemic.

More incentives needed for shift to EVs in public transport, here’s why

More incentives needed for shift to EVs in public transport, here’s why

Aug 12, 2020

The viability gap funding available at present is not enough to cover the cost differences between electric buses and the internal combustion engine buses, Ramamurthy pointed out. He also said that for the next two to three years, government support will be crucial for buying or hiring of electric buses.

‘Zoomcar Mobility Services’ software platform launched: Promises cost reduction for fleet operators

‘Zoomcar Mobility Services’ software platform launched: Promises cost reduction for fleet operators

Aug 11, 2020

The launch of Zoomcar Mobility Services (ZMS) officially marks a significant extension of Zoomcar’s original Cadabra IoT platform launched in 2017.

New tyre range for sportsbikes coming soon, more focus on Tier-II, Tier-III cities: Maxxis Tyres

New tyre range for sportsbikes coming soon, more focus on Tier-II, Tier-III cities: Maxxis Tyres

Aug 11, 2020

Post the nationwide lockdown due to the Covid-19 pandemic, Maxxis Tyres resumed production operations in India on 4th May at their Sanand plant in Gujarat. The company started this year with a dual partnership with Yamaha. Here is what all Maxxis Tyres has in store for its customers in the near future and what has been the impact on the business amid the current unprecedented times.

Vehicle registrations down by 36 percent in July 2020: Three-wheelers worst hit

Vehicle registrations down by 36 percent in July 2020: Three-wheelers worst hit

Aug 10, 2020

Ashish Harsharaj Kale, President, FADA said that the current market conditions are still not indicative of the actual demand situation on an all India level and retails continue to de-grow in huge double-digit despite the low base of the last year.

New dedicated Tractors and Construction Equipment Vehicle emission norms announced: Get new nomenclature

New dedicated Tractors and Construction Equipment Vehicle emission norms announced: Get new nomenclature

Aug 10, 2020

Tractors, farm equipment vehicles and construction equipment vehicles are to comply with new emission norms as announced by MoRTH. The ministry has opened the doors seeking suggestions from the public on the matter.

JCB India appoints Deepak Shetty as its new deputy CEO and MD

JCB India appoints Deepak Shetty as its new deputy CEO and MD

Aug 10, 2020

Prior to becoming the MD of JCB India, Deepak used to be the executive vice president for product support, marketing, sales and business development for South Asia and India.

Rising aspiration: Makers bet big on subcompact SUVs, the new youth favourite

Rising aspiration: Makers bet big on subcompact SUVs, the new youth favourite

Aug 09, 2020

Currently, there are seven subcompact SUV models (Kia Sonet, Honda WR-V, Hyundai Venue, Mahindra XUV300, Maruti Suzuki Vitara Brezza, Ford EcoSport and Tata Nexon), and two more will be launched soon

Covid-19 Impact: Uber yet to see recovery of its mobility business in India

Covid-19 Impact: Uber yet to see recovery of its mobility business in India

Aug 08, 2020

Globally, Uber has slashed around 6,700 jobs but has resumed fresh hiring for select job profiles.  Talking about mobility in general, the workday commute is back and markets like Hong Kong, New Zealand and Sweden have seen bookings reach pre-Covid standards.

Up to Rs 1.5 lakh subsidy for Delhi electric vehicle buyers under Kejriwal’s new EV policy

Up to Rs 1.5 lakh subsidy for Delhi electric vehicle buyers under Kejriwal’s new EV policy

Aug 12, 2020

With the new electric vehicle policy, we aim to generate employment to give a boost to Delhi’s economy and reduce pollution levels in the national capital, Arvind Kejriwal said, adding that charging stations will also be set up.

Two-wheeler helmet manufacturers association welcomes govt’s move on banning non-ISI helmets

Two-wheeler helmet manufacturers association welcomes govt’s move on banning non-ISI helmets

Aug 07, 2020

In March 2021, helmets that are not certified by the Bureau of Indian Standards (BIS) will be banned in the country. However, the government is lifting the 1.2-kg or lower rule on helmet weight limit.

Thomas Schafer appointed as new Skoda Auto board chairman

Thomas Schafer appointed as new Skoda Auto board chairman

Aug 05, 2020

Thomas has got more than 25 years of experience in the automotive field and has been dealing with major German car brands like Daimler AG as well as Volkswagen in his career.

July 2020 bike, scooter sales: Two-wheelers in demand, auto majors see sequential sales growth

July 2020 bike, scooter sales: Two-wheelers in demand, auto majors see sequential sales growth

Aug 04, 2020

The recovery for the month of June was largely driven by a choice for personal vehicles over public transport in the current Covid-19 crisis along with high disposable incomes in the rural markets owing to a good harvest and the absence of adequate public transport options. 

July 2020 car, bike, scooter sales: Indian auto industry shows strong signs of recovery

July 2020 car, bike, scooter sales: Indian auto industry shows strong signs of recovery

Aug 02, 2020

While the vehicle sales on a sequential basis have recovered strongly, registering high double-digit growth as factories resumed production and most dealerships having opened, year-on-year sales, though still not fully strong, have certainly recovered a lot of lost ground.

Covid-19 impact: Tata Motors net loss rises to Rs 8,444 crore in Q1 FY21

Covid-19 impact: Tata Motors net loss rises to Rs 8,444 crore in Q1 FY21

Aug 01, 2020

Tata Motors’ consolidated Ebitda during the quarter fell a sharp 78.2% y-o-y to Rs 831.5 crore. Fall in vehicle volumes impacted the revenues during the quarter and the company’s consolidated revenues nearly halved on a year-on-year basis to Rs 31,983.06 crore.

Supreme Court extends BS4 vehicle registrations ban: Next hearing on August 13

Supreme Court extends BS4 vehicle registrations ban: Next hearing on August 13

Jul 31, 2020

The Supreme Court of India has extended the ban on the registrations of Bharat Stage-6 vehicles. The next hearing date for the matter has been set for August 13, to decide on the fate of over 1.05 lakh vehicles.

Covid-19 Impact: TVS Motor Company reports loss of Rs 139 crore in Q1 FY21

Covid-19 Impact: TVS Motor Company reports loss of Rs 139 crore in Q1 FY21

Jul 30, 2020

During the last quarter, the overall two-wheeler sales by TVS Motor Company including exports stood at 2.55 lakh units in comparison to 8.84 lakh units reported in the quarter ended June 2019.

ARAI, Praj Industries to jointly develop biofuels for use in industry and transportation

ARAI, Praj Industries to jointly develop biofuels for use in industry and transportation

Jul 30, 2020

ARAI wishes to execute mutually beneficial projects for development of technologies, to produce customised fuels for best efficiency in terms of reduced fuel consumption and discharge emissions, under this alliance.

Covid-19 impact: Maruti Suzuki posts first-ever quarterly loss in 17 years

Covid-19 impact: Maruti Suzuki posts first-ever quarterly loss in 17 years

Jul 30, 2020

Revenues in the quarter plummeted 80% year-on-year to Rs 3,677 crore, missing estimates as volumes sold were only 76,599 vehicles compared with despatches of around 1.3-1.5 lakh units a month in normal times. The management said that the production in the quarter had been equivalent to just about two weeks’ of regular working.

Premium products, more focus on global markets key for growth and profitability: TVS Motor Company

Premium products, more focus on global markets key for growth and profitability: TVS Motor Company

Jul 30, 2020

TVS Motor Company believes that many products in its new BS6 line up have first-in-class and best-in-class features to attract young customers. It believes that TVS Apache, TVS Ntorq and the electric TVS iQube will all help it revive demand in the near future.

Continental to use supercomputer powered by NVIDIA to train AI for driverless cars

Continental to use supercomputer powered by NVIDIA to train AI for driverless cars

Jul 29, 2020

Continental supercomputer: Advanced driver assistance systems use artificial intelligence to make decisions, assist the driver and ultimately operate autonomously.

Maruti Suzuki Q1 FY21 sales down by 82.1%: Reports net loss of Rs 249 crore

Maruti Suzuki Q1 FY21 sales down by 82.1%: Reports net loss of Rs 249 crore

Jul 29, 2020

Maruti Suzuki has posted its first quarterly loss since 2003 recording a net revenue loss by 79.2%. In Q1 of the 2020-21 Financial Year, Maruti Suzuki sold 76,599 units in total registering a drop of -81% in overall sales.

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