Automobiles News

Tata Motors' consolidated net loss narrows to Rs 4,450.12 cr

Tata Motors' consolidated net loss narrows to Rs 4,450.12 cr

New Delhi: Automobile major Tata Motors' consolidated net loss narrowed, on a year-on-year basis, to Rs 4,450.12 crore in Q1FY22.The automobile major had reported a net loss of Rs 8,443.98 crore in the year-ago quarter.According to the quarterly results, total consolidated income stood at Rs 66,988....

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US firm HAAH to acquire debt-ridden SsangYong Motor: Report

US firm HAAH to acquire debt-ridden SsangYong Motor: Report

Seoul: The head of US-based vehicle importer HAAH Automotive Holdings has said the company is set to submit its letter of intent (LoI) next week to acquire the debt-ridden SsangYong Motor Co, industry sources said on Sunday.SsangYong's Indian parent Mahindra & Mahindra Ltd had been in talks with...

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Kia to suspend local plant on Covid-19 infections

Kia to suspend local plant on Covid-19 infections

Seoul: Kia Corp, South Korea's second-biggest carmaker, said on Sunday that it will suspend one of its eight domestic plants on Monday as dozens of workers at the factory were infected with Covid-19 in recent days.The No. 1 Sohari plant's suspension may be extended depending on the result of coronav...

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Musk wants to bring Tesla to India, blames high import duties

Musk wants to bring Tesla to India, blames high import duties

New Delhi: Tesla CEO Elon Musk said that its electric vehicle (EV) company wants to launch cars in India, but the country's import duties on EVs are "highest in the world by far".Replying to an Indian YouTuber on Twitter, who asked him to launch Tesla cars ASAP in India, Musk blamed high import rate...

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Rajasthan govt to roll out EV policy soon

Rajasthan govt to roll out EV policy soon

Jaipur: Close on the heels of Maharashtra, Delhi, Gujarat and Telangana governments, the Rajasthan government is also ready to launch the much-awaited Electric Vehicles (EV) Policy."The EV policy draft is ready and will be sent to the finance department very soon for approval," Mahendra Soni, commis...

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Maruti Suzuki attains 50L sales-mark cumulatively

Maruti Suzuki attains 50L sales-mark cumulatively

New Delhi: Automobile major Maruti Suzuki India (MSIL) has attained the mark of 50 lakh sales cumulatively in rural markets.At present, nearly 40 per cent of the total MSIL sales come from rural markets.The company currently has over 1,700 customised outlets in rural parts of the country."Rural mark...

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Tata Motors board approves raising Rs 500 cr via NCDs

Tata Motors board approves raising Rs 500 cr via NCDs

Mumbai: The board of Tata Motors has approved the raising of Rs 500 crore through issuance of non-convertible debentures.In a regulatory filing, the company said that its duly authorised committee in its meeting on Tuesday approved the issuance of upto 5,000 rated, listed, unsecured, redeemable, Non...

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HMIL garners over 11,000 bookings for SUV Alcazar

HMIL garners over 11,000 bookings for SUV Alcazar

New Delhi: Automobile major Hyundai Motor India on Monday said it has garnered over 11,000 bookings for its recently-launched premium SUV Alcazar.The vehicle was launched less than a month ago."So far we have already sold over 5,600 units of Hyundai ALCAZAR in the market and with the addition of thi...

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Renault Samsung to suspend production at Korean plant

Renault Samsung to suspend production at Korean plant

Seoul: Renault Samsung Motors will temporarily suspend production at its plant in the southeastern port city of Busan due to shortages of chips for vehicles, the company said on Sunday.The South Korean unit of Renault SA will close down its plant in Busan, 453 kms southeast of Seoul, on Monday for t...

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Ola scooter receives 100K bookings in a day

Ola scooter receives 100K bookings in a day

New Delhi: Ride-hailing major Ola on Saturday announced that its electric scooter has received a record-breaking 100,000 reservations within the first 24 hours, making it the most pre-booked scooter in the world.Ola Electric opened the reservation for its electric scooter on the evening of July 15. ...

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