The brand contributes about 40 percent to VW group earnings.
The manufacturer of some of the most iconic brands is now doing a course correction.
The carmaker has managed to significantly improve its product mix in the past two-three years by successfully launching sedans, utility vehicles and premium hatchbacks.
Its sales grew 21% to 165,346 units
The company has exceeded the target president Akio Toyoda set two years ago: to make 1 trillion yen in annual operating profit, and do so with a 5 per cent margin.
The company has exceeded the target president Akio Toyoda set two years ago: to make 1 trillion yen in annual operating profit, and do so with a 5 per cent margin.
Aston Martin plans to invest $1 billion in new products and technology after Italian private equity fund Investindustrial agreed to buy a minority stake in the British luxury carmaker.
Maruti Suzuki, India's biggest carmaker, reported a 36 per cent rise in third-quarter net profit, matching estimates, as favourable foreign exchange movement and cost reduction efforts offset falling sales.
Company has taken preliminary tests of 1,181 candidates from state ITI.
Tata Motors is seeking an image makeover with the curvaceous hatchback, Zica.
This festive season, manufacturers went all out to launch new cars and upgrade existing models to retain customer loyalty. The most exciting launches were in small car space. Find out if the upgraded cars do give buyers more bang for bucks.
Despite a rise in input costs, leading car-makers refrain from hiking their price.
The Jaguar F-Type Coupe is an extremely fun car to play with but at the same time you have to be careful with its tail happy nature.
Skimping on state-of-the-art emissions technology between 2009 and 2014 probably saved VW a measly 4.3 billion euros, less than it has so far set aside to meet recall costs.
Currency fluctuation has been affecting margins.
Volkswagen may also have to compensate customers for misleading them about a car's performance.
This crisis has arisen just as demand in India's auto sector started seeing some sort of revival after the nationwide lockdown in March/April.
December car sales data was a mixed bag. While some reported growth in sales other saw a dip. This probably can be because customers are waiting for a rate cut from RBI.
Volkswagen announced plans on Tuesday to refit up to 11 million vehicles and overhaul its namesake brand.
VW is under pressure to identify those responsible, to say how vehicles with illegal software will be fixed.
Maruti's compact segment comprising New WagonR, Swift, Celerio, Ignis, Baleno, Dzire, and utility vehicles, including Gypsy, Ertiga, XL6, S-Cross and Vitara Brezza saw robust sales, while the mini segment comprising Alto, S-Presso and Old WagonR saw negative growth.
However, compared to August, vehicle sales increased by 15.25 per cent on the back of discounts. Maruti led the market in offering heavy discounts and incentives for buyers and dealers, reports Arindam Majumder.
Apart from pricing it attractively, Hyundai has taken enough precaution to see that EON's quality, at no point, has been compromised.
Gujarat has caught the fancy of a large number of corporate heavyweights.
Carmakers, both domestic and foreign are gearing up with their 'to do' list.
While the petrol variant is priced at Rs 860,000 the diesel model comes at Rs 968,000 both slightly dearer than the existing models.
A senior company official was killed and 100 others were injured in the violence at the Maruti's plant in Manesar last month.
Leading automakers Maruti Suzuki India, Hyundai Motor, Kia Motors and Tata Motors reported sales growth in the domestic market in November, aided by robust offtakes amid the festival season. While Maruti Suzuki India reported marginal growth, Hyundai logged in its highest ever monthly sales in November. Others like Honda Cars India, Toyota Kirloskar Motor, Mahindra & Mahindra and MG Motor India also reported sales growth in November as compared with the same month last year.
Every year, carmakers announce at the end of November or December their plans to increase prices of their vehicles by January.
GM, which sold 9.29 million cars in 2012, was the top-selling carmaker for more than seven decades before losing the title to Toyota in 2008.
Maruti's transformation -- if not descent -- to the 'low road' of labour practices stems from growing competitive pressures in the marketplace since the late 1990s.
Maruti is sticking to this strategy at a time when rival Hyundai is looking to make the most of the monopoly it will have in the compact diesel segment from April 1, 2020, when the BSVI emission norms kick in. The market leader's confidence stems from the rapid shift in favour of petrol in the PV segment. For newer models such as MG Hector and Seltos, nearly 75 per cent bookings are for petrol variants, Kia has 55 per cent from petrol variants. The change in customer preference from diesel variants to petrol has happened quickly over the past few years.
Carmakers both domestic and foreign are lining up a slew of sedans to be launched sometime in the near future.
German carmaker BMW AG has unveiled its longer, lighter version of its core 3-Series midsize car.
A large part of the credit for the Kwid's success goes to sourcing of local components. This allowed Renault to launch the car at Rs 256,000 in September 2015
Vehicle sales have been hampered by weak consumer sentiment and still-weak availability of financing following tighter liquidity at non-banking lenders since the middle of 2018.
Early this year, Ford displayed SUV-Ecosport at the Auto Expo held in New Delhi.
The carmaker wants to enter the fast-growing SUV segment in the country. The off-road pick-ups and luxury SUVs will be the first vehicles from the Chrysler, owned by Fiat, stable to be launched in India.
The entire range of Hyundai's diesel cars - from compact ones to SUV models, including the soon-to-be-launched Aura - will be eco-friendly.
