MG Motors, a subsidiary of Chinese auto major SAIC, has invested over Rs 3,000 crore in India so far, and is now preparing to pump in additional investments to launch new models.
Great Wall, one of the biggest sellers of sports-utility vehicles (SUV) in China, is expected to pay about $250 million to $300 million to acquire the plant, one of the sources sai
The vehicles on display will demonstrate internet, electric, autonomous technology across hatchbacks, sedans and utility vehicles. “All MG products at the Expo operate at the intersection of our core focus on innovation, customer experience and sustainability-led development”, added Chaba.
Greaves Cotton-owned Ampere Vehicles, which makes electric scooters, has made its entry into the ecommerce segment through a deal with grocery app BigBasket. It has also entered into an agreement with Bengaluru-based Bounce for deploying scooters for ride-share.
The engines offer lower particulate matter emissions by 80% and 50-70% lower nitrogen oxide than BS VI limits. Besides, they deliver 15-25% higher fuel efficiency over petrol engines and come without much price premium over BS IV diesels. By contrast, mainstream carmakers anticipate price increases of 10% on transition.
Bajaj Auto’s MD Rajiv Bajaj believes there is nothing that Budget 2020 can do to solve the industry’s problems. Overregulation is killing the auto sector, he says.
Led by a series of new launches, the multiple purpose vehicles (MPV), or family cars, are back. The segment registered 35% growth in 2019 to 2.2 lakh units, with cars priced between Rs 6 lakh and Rs 25 lakh. By contrast, most segments of the automotive market contracted, often in double digits. So, the share of MPVs in India has risen from 5% to 8%.
"Tata Motors has been vigorously working towards a seamless transition to BS-VI. We are delighted to have reached this milestone and are elated to be the first in the business to announce the introduction of an entire range of BS-VI products at once," Tata Motors President, Passenger Vehicles (PV) Business Unit Mayank Pareek said.
M&M MD Pawan Goenka said that the prime focus will be on EVs and the company will be doing things “similar to what other service providers are doing, but with a twist”. He mentioned that there is enough room to accommodate more service providers and new entries in the segment should not be of concern.
The automobile industry recorded its worst-ever sales decline in two decades in 2019, with an unprecedented slowdown hampering vehicle offtake across segments. The overall wholesale of vehicles declined 13.77 per cent to 2,30,73,438 units as against 2,67,58,787 units in 2018.
Global wholesale units of all Tata Motors' commercial vehicles and Tata Daewoo range last month stood at 34,526 units, down 15 per cent, from December 2018, the company said in a statement. The company's global sales of all passenger vehicles were at 62,822 units, up 5 per cent from December 2018.
What we need to fix is to become a sustainable brand on two counts. One, is to work on the accessibility of our products. That is India 2.0 at its best, because we will have a localisation of up to 93%.
In passenger vehicles, an easing in the pace of decline in December, though on a low base, and an improvement in the rolling average in the last three months of the year led the industry to suggest that the worst may be over.
The sales of Jaguar brand were at 1,61,601 units during the month, down 10.6 per cent, while Land Rover sales witnessed a dip of 3.8 per cent during the year as compared with 2018, Tata Motors said in a regulatory filing.
