A deep split has emerged within India's auto industry over the proposed CAFE exemption for small cars, with only Maruti Suzuki and Renault backing the move in the final SIAM vote.
Top carmakers led by Maruti Suzuki, Mahindra & Mahindra, Tata Motors Passenger Vehicles and Kia India on Saturday reported record sales in the domestic market riding on festive demand boosted by GST rate cut. Other manufacturers such as Skoda Auto India and Toyota Kirloskar Motor also posted impressive growth in sales in October.
The first trial consignment of six cars left for Barcelona from its Oragadam plant (near Chennai) through the Ennore Port, on Monday.
Global energy giant Shell has acquired Mumbai-based Raj Petro Specialities to deepen its foothold in the world's third biggest lubricants market in the world, a top company official said. Shell, which has already invested over $5 billion in India across the energy value chain -- from LNG import terminals and fuel stations to renewable energy and technology centres -- has acquired 100 per cent equity interest in Raj Petro Specialities Pvt Ltd from Germany's Brenntag Group.
Nissan is targeting annual domestic sales and exports of 100,000 units each by financial year 2026-27.
Two Japanese auto giants, Honda and Nissan, are moving towards a potential merger, but it remains unclear how their Indian operations will be immediately impacted.
Indian passenger vehicles market registered record wholesales of 43 lakh units in 2024, with companies like market leader Maruti Suzuki, Hyundai, Tata Motors, Toyota Kirloskar Motor, and Kia posting their best-ever annual domestic sales. The continued growth of SUVs, along with rural markets playing a key role in driving up car sales, helped the industry better the previous best of nearly 41.1 lakh units posted in 2023.
As the production of Micra, the first car from Nissan-Renault, starts at the plant by the end of May, Kiminobu Tokuyama, managing director and chief executive of Nissan Motor India Pvt Ltd, talks to rediff.com about the company's strategy for India, the recession and the auto sector in general.
The price reduction by Nissan is in the range of 4 to 6 per cent.
Nissan Motor India on Friday launched compact multipurpose vehicle Datsun Go+ in New Delhi, with prices starting at Rs 3.79 lakh (ex-showroom Delhi).
India's passenger vehicle exports rose by 26 per cent in April-June 2022 aided by enhanced shipments to Latin America and Africa and a low base of the year-ago quarter that was hit by the second wave of COVID-19. As per the latest data released by the Society of Indian Automobile Manufacturers (SIAM), passenger vehicle shipments rose to 1,60,263 units in the April-June period of this fiscal as compared with 1,27,083 units in the same quarter of 2021-22. Passenger car shipments saw an 88 per cent year-on-year growth at 1,04,400 units while utility vehicle exports rose 18 per cent to 55,547 units during the period under review, SIAM data showed.
The dispute arose after Nissan alleged that Tamil Nadu hadn't paid certain incentives under a 2008 agreement to set up a car plant at Oragadam, near Chennai.
Passenger vehicle majors like Hyundai, Tata Motors, M&M, Toyota Kirloskar and Honda on Wednesday reported growth in domestic sales in August riding on festive sentiments, although market leader Maruti Suzuki posted a decline amid a semiconductor shortage affecting the industry. The country's largest carmaker Maruti Suzuki India Ltd (MSIL) reported domestic sales at 110,080 units, as compared to 116,704 units in the same month last year, down 6 per cent. "Sales volume of the company in August 2021 was affected due to electronic components shortage.
Japanese auto major Nissan recently appointed Takayuki Ishida as managing director of its Indian subsidiary Nissan Motor India Private Limited (NMIPL).
Leading automakers Maruti Suzuki India, Hyundai and Tata Motors reported a double-digit increase in dispatches to dealers in April as the demand remained robust especially for the sports utility vehicles. The country's largest car maker Maruti Suzuki India (MSI) said its domestic passenger vehicle wholesales rose 13 per cent to 137,320 units last month as against 121,995 units in April 2022. Sales of mini cars, comprising Alto and S-Presso, fell 18 per cent to 14,110 units as compared with 17,137 units a year ago.
Japanese auto maker Nissan Motor Company on Tuesday said they were "well-on course" on introducing new products in India.
The new global Sedan, 'which is the second product after the launch of Micra from Nissan stable', would be displayed at the eighth China (Guangzhou) International Automobile Exhibition, scheduled to be held in December, the company said.
As per the agreement, Nissan Motor India 'can enjoy concessions in the wharfage up to 60,000 units per annum.'
Japanese auto major Nissan on Wednesday said it is discontinuing Datsun brand in India, nine years after the company kicked off the marque's global relaunch in the country. Having failed in its ambitious global relaunch of Datsun, Nissan had in 2020 discontinued the brand in Russia and Indonesia, the other two countries along with South Africa and India which were marked as key markets targeting the entry level car segment. Confirming the move to discontinue the Datsun brand, Nissan India in a statement said, "Production of Datsun redi-GO has ceased at the Chennai plant (Renault Nissan Automotive India Private Ltd). "Sales of the model still continue (till the stock lasts)."
The Oragadam facility is being set up by Nissan along with its joint venture partner Renault with an investment of Rs 4,500 crore spread over seven years.
The first major consignment of 3,886 Micra cars left the Ennore Port for European markets on Tuesday, Nissan Motor India said.
Japanese automobile major Nissan Motor Company and Hinduja Group's flagship Ashok Leyland are looking to fortify their management teams for Light Commercial Vehicle joint venture.
Senior officials of Nissan Motor stated that the company had largely frozen the design and concept of the sedan, which will be positioned as a premium product that would perhaps take on the likes of Chevrolet Cruze, Honda Civic and Toyota Corolla Altis.
Japan's Nissan Motor Corporation, which is planning to manufacture small cars from its upcoming facility near here, on Friday signed an agreement with Ennore Port (EPL) to export the cars to European markets.
Passenger vehicle market leaders Maruti Suzuki and Hyundai on Saturday reported a decline in wholesales in December 2021, although homegrown majors Tata Motors and Mahindra & Mahindra reported growth, amid semiconductor shortage continuing to impact production. Other manufacturers Nissan and Skoda also reported an increase in December 2021 sales although Honda Cars India witnessed a decline last month. The country's largest carmaker Maruti Suzuki India (MSI) reported a 4 per cent fall in wholesales to 153,149 units in December 2021 as against 160,226 units a year ago.
Nissan Motor Company Ltd on Thursday announced the operations of its wholly-owned subsidiary, Nissan Motor India Pvt Ltd, from Mumbai
The new Tata Tigor, Datsun Go and Hero Xtreme 200R are hoping to use celebrity endorsers and gain a foothold in a segment that has been the stronghold of market leaders for several decades. But will it work?
Naomi Osaka's total is the most ever earned by a female athlete in a 12-month period.
The vehicle will be soon available in 1.5 litre petrol version.
The company's Indian subsidiary, Nissan Motor India, is rapidly strengthening its research and development wing for the purpose.
Datsun vehicles will start sales in India, Indonesia, Russia and South Africa from 2014.
Customers can also book the Datsun redi-GO online through Snapdeal.com
Nissan Sunny is one of the most complete sedans in the mid-size segment.
Nissan Motor Company, the renowned global passenger car maker, has been outstanding at the domestic front ever since its arrival.
The Japanese car maker, however, has quite a distance to cover before breaking into the top-five in any of its segments.
Nissan currently imports X-Trail and 370Z coupe as completely built unit.
They are recalling a total of about 3.4 million vehicles worldwide as a result of an airbag problem.
The recently launched multi utility vehicle Nissan Evalia will not be affected, the company said in a statement without disclosing the quantum of hike.
Nissan's executive vice-president and CEO Carlos Ghosn's key man for his new strategy in emerging markets, Andy Palmer, tells Business Standard how the Tata Nano's experience made his company steer away from the $2,500 car. He also speaks about how Nissan's association with Bajaj Auto to develop a small car failed, making his company place its bets on the Datsun brand to grow its market share 10-fold over the next three years.
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