Hiring in auto industry to remain under 5% in FY 2017

Hiring in auto industry to remain under 5% in FY 2017

Hiring in automobile industry is expected to remain below 5 percent in the financial year 2017 when compared to 2016

5,000 jobs affected by diesel vehicles ban in Delhi-NCR: Siam

5,000 jobs affected by diesel vehicles ban in Delhi-NCR: Siam

 The ban imposed on diesel cars and SUVs of engine capacity 2,000cc and above in Delhi-NCR by the Supreme Court has impacted about 5,000 jobs in the automobile sector, according to the industry body Siam.

'No one will invest in Indian auto sector if 30% environment cess is levied'

'No one will invest in Indian auto sector if 30% environment cess is levied'

 No one will invest in India and the country's image as an investment destination will be completely thrown out of gear if an environment cess to the tune of 30 percent were to be imposed on diesel cars and SUVs, according to auto industry body SIAM.

Ban on diesel cars: Supreme Court to hear industry petition today

Ban on diesel cars: Supreme Court to hear industry petition today

The Supreme Court will today hear the plea of automobile industry over the ban on diesel cars with engine capacity of 2000 CC and above in National Capital Region.

SIAM tears into BS 6 norms draft for being 'diluted'

SIAM tears into BS 6 norms draft for being 'diluted'

"BS VI fuel norms announced in the draft notification have been highly diluted as compared to Euro VI norms in Europe and take India back to BS II fuel level of specifications which were prevalent in 2000," Society of Indian Automobile Manufacturers (SIAM) Director General Vishnu Mathur.

'RBI status quo clears uncertainty, to help car buyers decide'

RBI keeping key interest rate unchanged will clear uncertainty and help car buyers firm up purchase decisions to cash in on year-end promotional offers, according to automobile industry players.

Aluminium use in automobiles reduces pollution: Nalco CMD

Aluminium use in automobiles reduces pollution: Nalco CMD

 Growing application of aluminium in automobile industry has not only increased fuel efficiency but also reduced the vehicular pollution, said Nalco CMD T K Chand.

Toyota posts record net profit in April-June

The automaker`s consolidated operating profit climbed 9.1 percent to a record 756.00 billion yen and sales rose 9.3 percent to 6.99 trillion yen, Kyodo news agency reported.

Mahindra to launch Jeeto mini truck to take on Tata Ace Zip

M&M's Jeeto is expected to take on Tata Ace Zip which has a payload capacity of 600 kgs and is priced around Rs 2.55 lakh.

Honda eyes double digit car sales growth, banks on new Jazz

HCIL, which aims to touch 3 lakh unit sales milestone per annum by the end of 2016-17, currently sells compact car Brio, compact sedan Amaze, mid-sized sedan City, multipurpose vehicle Mobilio and premium sports utility vehicle CR-V.

Deficient monsoon can hit sales in rural market: Maruti Suzuki

"Yes, the deficient monsoon prediction is a cause of worry. Sales could be affected in some parts, specially in the rural market," Maruti Suzuki India Managing Director and CEO Kenichi Ayukawa told reporters here.

Volvo Auto India appoints Tom von Bonsdorff as MD

Bonsdorff, who has been with Volvo Cars for 17 years in various operational and managerial positions, will replace Tomas Ernberg who is moving back to Sweden in a new role, Volvo Auto India said in a statement.

Honda Motorcycle & Scooter sales up 3% in May

Two-wheeler manufacturer Honda Motorcycle & Scooter India (HMSI) on Monday reported a 3.28 percent increase in total sales at 3,67,226 units in May.

Eicher commercial vehicle sales up 7.6% in May

In the domestic market, Eicher trucks and buses recorded sales of 3,617 units as compared to 3,064 units in the year-ago period, an increase of 18 percent.

Honda Cars' sales rise marginally in May

Last month, the company sold 873 units of small car Brio, 3,699 units of compact sedan Amaze, 1,249 units of Mobilio and 7,562 units of the mid-sized sedan City.

Hyundai sales pace up 1.5% in May to 52,515 units

In the domestic market, Hyundai sold 37,450 units last month compared with 36,205 units in May 2014, up 3.4 percent. However, the company's exports declined 2.9 percent to 15,065 units as against 15,513 units in the same period last year.

Toyota Kirloskar sales down by 2% in May

"There was limited production this month on account of planned annual plant shut down scheduled from 29th May to 6th June, for regular maintenance. The impact will thus be felt in the next month's production as well," TKM said.

With ''attitude shift'', Takata moves from denial to compromise in air bag crisis

Takata faces dozens of civil lawsuits, which have been consolidated in a U.S. federal court in Miami, alleging the Japanese firm and automakers knew for years about potential problems with the air bags but failed to warn customers or alert regulators until recently.

Honda begins export of new Jazz from India to South Africa

HCIL plans to launch in July the third generation Jazz in India.

Toyota promises to help find cause of Takata airbag defects

Analysts say too many factors remain unclear to properly assess the ability of Takata to hold up under the costs of such massive recalls, the biggest on record.