Ford edges ahead of Hyundai in car exports from India

download (4).jpgSource: LiveMint.com, July 13, 2017

New Delhi: Ford Motor Co.’s local unit has emerged as the largest exporter of cars from India in the quarter to June, wresting the crown from Hyundai Motor India Ltd, data provided by Society of Indian Automobile Manufacturers (Siam) shows.

Ford India has now outpaced Hyundai for three consecutive months in shipping out vehicles, and during the June quarter, it led Hyundai by 15,813 units. During the period, Ford’s exports rose 54% to 48,971 units from a year-ago period. That compares with 33,158 units exported by Hyundai, a decline of 16.65% from the year earlier, the data shows. Exports of passenger vehicles from India grew 13.8% to 180,000 units.

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Two-wheeler makers race past car manufacturers

Source: Business Standard, Jul 04, 2017

Two-wheeler makers had a different ride from car manufacturers in June. Against a double-digit decline in sales volume for passenger vehicles, most two-wheeler makers clocked growth. The June performance was led by the country’s biggest two-wheeler maker, Hero MotoCorp.

Hero, TVS, Royal Enfield, and Suzuki reported strong double-digit growth in sales volume for June. Price cut due to GST roll-out from July is expected to expand the market further.

Hero MotoCorp, which sells every third two-wheeler in the country, reported a growth of over 13 per cent in sales volume. Its motorcycle sales volume surged 13 per cent to 547,185 units while scooter volume rose 22 per cent to 77,000 units for June. Its stock rose more than two per cent to Rs 3,777 on BSE. The company said growth in motorcycles was supported by wedding season demand. Read the rest of this entry »

Volvo, Volkswagen ready to supply flex-fuel vehicles: Gadkari

download (1)NEW DELHI: Keen to promote transportation on alternative fuellike methanol and ethanol, Union Minister Nitin Gadkari said on Tuesday that automobile giants Volkswagen and Volvo have shown interest in supplying such vehicles to be run on a pilot basis in the country.

“We had a talk with Volvo… they are ready to supply 50 buses on methanol in Pune and Mumbai,” Road Transport, Highways and Shipping Minister Gadkari said.

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Maruti, Honda drive industry growth in FY18

index.jpgNew Delhi: Domestic sales of passenger vehicles (cars, vans and utility vehicles) and two-wheelers witnessed a healthy growth rate of about 12 per cent and 10 per cent, respectively, in the first two months of the financial year 2017-18. However, this is not the real growth of the industry, as it was dominated by just two companies — Maruti Suzuki in the case of passenger vehicles (PV) and Honda in two-wheelers. Both the companies are controlled by Japanese auto majors — Suzuki and Honda, respectively.

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BMW to invest Rs 130 cr in India, will launch new version of the 5 series this month

index.jpgSource: Business Standard, June 19, 2017

New Delhi: German luxury carmaker BMW is investing another Rs 130 crore in India to enhance operations, taking its total investment in the country to Rs 1,250 crore.

The company will launch new version of its locally manufactured 5 Series later this month and 6 Series Gran Turismo (GT) model next year to strengthen its product portfolio in India.

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Tesla plans electric car factory in India

Source: Business Standard, June 16, 2017

Bengaluru: Tesla Motors is planning to set up a factory in India to cater to the local demand for electric cars, at a time when the Modi government has launched an ambitious plan of moving to 100 per cent electric mobility by 2030.

The US carmaker is looking to enter India as a retailer and is in talks with the government for waiver of restrictions on imports of its high-end electric cars until its factory is built here.

“In discussions with the government of India requesting temporary relief on import penalties/restrictions until a local factory is built,” Elon Musk, chief executive officer, Tesla, said in a tweet on Thursday. He did not specify a time frame for the India venture.

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Electric car market goes zero to 2 million in five years

indexSource: LiveMint.com, June 08, 2017

London: The number of electric vehicles on the road rocketed to 2 million in 2016 after being virtually non-existent just five years ago, according to the International Energy Agency (IEA).

Registered plug-in and battery-powered vehicles on roads worldwide rose 60% from the year before, according to the Global EV Outlook 2017 report from the Paris-based IEA.Despite the rapid growth, electric vehicles still represent just 0.2% of total light-duty vehicles.

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