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Military Auctions

Over 50% of two-wheeler buyers find dealers online, says Google report, Auto News, ET Auto

08/10/2020 Christine B. Holmes

Smartphones have emerged as the new storefront and purchase guide. — Smartphones have emerged as the new storefront and acquire tutorial.

New Delhi: Requirement is the mother of creation, particularly for internet marketing products and solutions in these days of curbs on motion, roadshows and publicity blitz. Digital and electronic are the new software and system, supported by smartphones, for the brands and sellers to connect with the prospective shoppers, impact their determination-creating and lastly sell. Individuals also increase to the celebration. A lot of of them make their vendor alternative, solution inspection and determination to purchase or not on the web.

A the latest examine by Google India has located

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Car and Auto News

JLR retail sales fall 12% in Q2, show sequential quarterly recovery, Auto News, ET Auto

08/10/2020 Christine B. Holmes

Particularly in China, JLR sales were up 28.5% year-on-year in the month of September. — Notably in China, JLR product sales were being up 28.five% yr-on-yr in the month of September.

New Delhi: Retail product sales of the Tata Motors-owned Jaguar Land Rover (JLR) for the three-month interval to September 30, 2020, have improved from the product sales in the previous quarter. Having said that, the product sales continued to be impacted by COVID-19 and declined eleven.nine% from the pre-COVID concentrations a yr in the past to 113,569 automobiles, the enterprise said in a release.

The luxurious carmaker has witnessed a quarter-on-quarter advancement of 50% from product sales of 74,067 automobiles in the prior quarter

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DGFT, Auto News, ET Auto

08/10/2020 Christine B. Holmes

Earlier in March, the DGFT had imposed curbs on imports of certain new pneumatic tyres used in motor cars, buses, lorries and motorcycles in a move to promote domestic manufacturing. — Before in March, the DGFT had imposed curbs on imports of specified new pneumatic tyres utilized in motor autos, buses, lorries and bikes in a transfer to advertise domestic production.

New Delhi: The govt on Tuesday mentioned import of tyres underneath the Obligation Absolutely free Import Authorisation (DFIA) plan will not not be allowed. Below the DFIA plan, exporters are allowed to import merchandise at zero duty for three many years.

In a notification, the Directorate General of International Trade (DGFT) mentioned a new sub-para in a chapter in the International Trade Policy 2015-twenty “for disallowing import of tyres underneath

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Houston Auto Auction

Online videos emerge as the new sales consultant for car buyers, says Google study, Auto News, ET Auto

08/10/2020 Christine B. Holmes

In the used car segment, the report suggests that 94% of used car buyers research online. — In the applied motor vehicle phase, the report indicates that ninety four% of applied motor vehicle buyers analysis on the web.

New Delhi: Net and smartphones have widened the arrive at of electronic connectivity to every single realm of everyday living across the towns in India, even in the non-metros. From ordering textbooks, clothes, footwear, desired meals, groceries and food products and solutions, to speedy-relocating client merchandise, most people in the Tier-2 towns obtain all the things right after a thorough search in Youtube.

Recent surveys display that people in these towns even purchase their desired cars under the affect

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SMEV, Auto News, ET Auto

08/10/2020 Christine B. Holmes

While sales of Hero Electric and Ather declined by 16 per cent and 20 per cent, respectively, in April-September, Okinawa witnessed a 64 per cent decline in sales during the same period. — While gross sales of Hero Electrical and Ather declined by sixteen for each cent and twenty for each cent, respectively, in April-September, Okinawa witnessed a sixty four for each cent decline in gross sales throughout the same period of time.

Mumbai: Electrical automobile makers system SMEV on Wednesday mentioned electric powered two-wheeler demand from customers is showing signals of revival with gross sales of higher-velocity electric powered two-wheelers (HSE2W) increasing by 72 for each cent in September more than the 12 months-ago period of time. The outlook for the fiscal 12 months stays “favourable” on the back again of the

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FADA, Auto News, ET Auto

08/10/2020 Christine B. Holmes

Auto retail recovers, PV retail sales turn positive in Sept: FADA

New Delhi: The Federation of Automobile Dealers Associations (FADA), on Thursday, mentioned passenger motor vehicle (PV) retail profits in September enhanced by 9.81% to one,95,665 models as in contrast to the very same thirty day period last 12 months, supported by the escalating demand for individual automobiles as social distancing and fear linked with COVID-19 veer folks away from public transport.

In accordance to the auto dealers’ physique, which collected motor vehicle registration knowledge from one,242 out of the one,461 regional transport offices (RTOs), PV profits stood at one,92,189 models in September 2019.

Two-wheeler profits declined 12.62% to 10,sixteen,977 models

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Military Auctions

Serbia auto wiring plant ahead of schedule | Automotive Industry News

27/09/2020 Christine B. Holmes

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Military Auctions

Four megatrends to impact Indian farm sector the most, tells M&M Farm Division CEO, Auto News, ET Auto

25/09/2020 Christine B. Holmes

ETAutoFEV: Four megatrends to impact Indian farm sector the most, tells M&M Farm Division CEO

New Delhi: Lower amounts of mechanisation, declining selection of farm labourers, decrease realisation from farm manufacturing, and inaccessibility of institutional credit are some of the key issues in the farm sector with the thematic perform of technologies and digitalisation as key components, according to Shubhabrata Saha, CEO, Farm Division, M&M.

In the keynote address at ETAuto.com’s Farm Devices Virtual Summit, Saha said the aforementioned issues would speed up the increase to the key megatrends of mechanisation, digitalisation, platformisation and precision farming.

Gathering pace of farm mechanisation

Farm mechanisation in India is in the first phases, with the mechanisation stage ranging

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Car and Auto News

Need to create an interface of stakeholders to propel farm sector growth, say experts, Auto News, ET Auto

25/09/2020 Christine B. Holmes

During the pandemic, the only silver lining in Q1 FY21 was that the agriculture sector rose by 3% despite the GDP contraction by 24%. — In the course of the pandemic, the only silver lining in Q1 FY21 was that the agriculture sector rose by 3% inspite of the GDP contraction by 24%.

New Delhi: There is will need for an interface among all the stakeholders – the federal government assume tanks, industry, R&D centres and academia – in the farm equipment industry to empower unanimous selections and quicker implementation, according to the specialists in the panel dialogue conducted on Wednesday.

The panel dialogue on ‘Product Structure and Development in tune with Emerging Market’ was aspect of the ETAuto Farm Products Digital Summit and moderated

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Toyota Kirloskar MD Masakazu Yoshimura, Auto News, ET Auto

25/09/2020 Christine B. Holmes

Tax cuts not best way to revive auto demand: Toyota Kirloskar MD Masakazu Yoshimura

New Delhi: Breaking from sector consensus and using a line various from his possess firm executives, Toyota Kirloskar Motor MD Masakazu Yoshimura instructed ET that relatively than lowering taxes, incentivising people to scrap older automobiles and purchase new ones is the very best way to promote demand from customers. The Society of Indian Vehicle Suppliers (SIAM) has sought a 10 share points slash in GST. The sector estimates that inclusive of all levies, such as cess, tax on cars ranges from 28% to fifty%.

RC Bhargava, chairman of the country’s premier automaker Maruti Suzuki, experienced also requested for reduced taxes

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Houston Auto Auction

Harley books $75 million in fresh restructuring costs, exits India operations, Auto News, ET Auto

25/09/2020 Christine B. Holmes

Harley books $75 million in fresh restructuring costs, exits India operations

U.S. bike maker Harley-Davidson mentioned on Thursday it expects to report $75 million in more restructuring expenditures for 2020 related to actions such as discontinuing its income and production functions in India.

The announcement will come two months just after Harley unveiled a tactic to change emphasis again to additional profitable motorcycles and main marketplaces such as the United States.

Harley mentioned previously in the 12 months that it planned to reduce its product or service portfolio and exit decrease quantity marketplaces, without the need of specifying which types.

The firm mentioned it now expects total restructuring expenditures of about

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MG Motor plans to up India investment by Rs 1k cr, Auto News, ET Auto

25/09/2020 Christine B. Holmes

MG Motor plans to up India investment by Rs 1k cr

NEW DELHI: Unfazed by the anti-China sentiment, MG Motor has mentioned that it will method the section for advertising of marketplace and interior trade (DPIIT) to make new investments into India as the Chinese carmaker ideas to get in an further Rs 1,000 crore to start new types and increase operations.

Nonetheless, in line with the current alterations in FDI procedures, the business — thanks to its lineage (it’s a sub-model of Chinese auto main SAIC) — will will need to take an acceptance/clearance from DPIIT to make new investments.

“The governing administration has complete appropriate and obligation to determine

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For auto companies, finding a partner to go green may be easier said than done, Auto News, ET Auto

25/09/2020 Christine B. Holmes

Imagine: Conventional automobile business reveals it has accessories for the future – electrical and hydrogen.

By Anjani Trivedi

In the environment of vehicles, buyers feel to appreciate news of partnerships, synergies and cost-savings as highly-priced tech upends prolonged-held policies of the road. They might need to have a actuality look at.

Car providers throughout the world are wanting for their next green associate, even if they have their personal grand strategies for electrical autos. But cautionary tales are emerging of why the very best way into this brave new environment – compelled by a regulatory push and sky-substantial Tesla Inc.-like

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Supply of used cars falls with slowdown in new car sales, may trigger price hike, Auto News, ET Auto

13/09/2020 Christine B. Holmes

The used car market size is around 1.5-1.7X (times) of the new car market. — The employed car or truck sector dimension is all around 1.five-1.7X (periods) of the new car or truck sector.

New Delhi: The increase in the employed car or truck sector all through the COVID-19 pandemic has turned the business of marketing cars and trucks upside down. Firms are witnessing a buoyant need for pre-owned autos, but there is a lack of offer! The slowdown in new car or truck revenue has now started out impacting the employed car or truck stock.

In accordance to marketplace authorities, the replacement cycle is likely up. This is impacting the offer of pre-owned cars

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Auto component industry seeks long term roadmap for regulatory changes, Auto News, ET Auto

13/09/2020 Christine B. Holmes

If the Indian economy has to grow back, the auto sector will play an extremely vital role, Jain noted. — If the Indian financial state has to mature back again, the automobile sector will engage in an particularly very important purpose, Jain pointed out.

New Delhi: The automobile element marketplace is trying to get a “breather” in phrases of introduction of new regulations and a long-term roadmap for rolling out new norms for the sector in order to prepare accordingly for the changeover which involves significant investments, marketplace physique ACMA has claimed.

The marketplace, which accounts for all-around 2.3 for every cent of the country’s GDP, has been having difficulties of late thanks to a extended downturn in the automobile

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Military Auctions

SIAM, Auto News, ET Auto

12/09/2020 Christine B. Holmes

Passenger vehicles moved to positive with a 14.16 percent growth in domestic sales at 2,15,916 units in August 2020 as compared to 1,89,129 units sold in the same period last year. — Passenger cars moved to beneficial with a 14.16 percent expansion in domestic product sales at 2,fifteen,916 units in August 2020 as compared to one,89,129 units bought in the very same interval last year.

New Delhi: With improved sequential product sales each individual passing thirty day period, the passenger car and two-wheeler section product sales were being eventually in eco-friendly in August 2020.

In accordance to the hottest information by the business overall body, Society of Indian Auto Manufacturers (SIAM), August witnessed 3.09% drop in full domestic product sales to 21,sixty two,367 units as versus 22,31,355 units in the very same

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Car and Auto News

German truck maker MAN to cut up to quarter of staff, Auto News, ET Auto

12/09/2020 Christine B. Holmes

MAN TGX EVOLION — Gentleman TGX EVOLION

Frankfurt am Major: German truck and bus company Gentleman claimed Friday it will reduce up to a person in four of its workers as it seems to make an “comprehensive restructuring”, with the coronavirus pandemic battering the market.

The Munich-dependent enterprise claimed it would lay off as many as 9,five hundred employment in Germany and Austria as it seems to help you save one.8 billion euros ($two.one billion) on a yearly basis.

Two sites in Germany and a person web-site in Austria may possibly be closed.

Gentleman noted an functioning decline of 423 million euros ($five hundred

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Auto Inc reflects a mixed bag of sales, pins hope on festive season, Auto News, ET Auto

12/09/2020 Christine B. Holmes

As per analysts, automakers are likely to report an increase in the purchase of vehicles during this time of the year. — As for every analysts, automakers are likely to report an maximize in the buy of cars throughout this time of the 12 months.

New Delhi: A sequential maximize in the thirty day period-on-thirty day period income for each phase has been brewing hope for the if not stressed automotive field. Nevertheless, the August 2020 cheer does not stem from a sustainable demand. Analysts forecast that with the festive period accounting for forty% of the overall once-a-year income, automakers are likely to report an maximize in automobile income throughout this time of the 12 months.

In the feeling of Rajesh Menon,

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Houston Auto Auction

Mahindra & Mahindra terminates share purchase pact with CLP India, Auto News, ET Auto

12/09/2020 Christine B. Holmes

As per the agreement CLP was to buy 93,15,000 equity shares of Rs 10 each of NSPL at a price of Rs 112.37 per share aggregating to Rs 104.67 crore.

NEW DELHI: Mahindra & Mahindra on Friday said it has terminated share purchase agreement with CLP India to sell the entire stake held by its step down arm Mahindra Renewables in Neo Solren Pvt Ltd (NSPL) for Rs 104.67 crore.

In February this year, M&M had announced that its wholly-owned arm Mahindra Renewables would sell its entire stake in three subsidiaries to CLP India, a part of Hong Kong-based CLP

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Bicycle craze sweeps India in COVID times, Auto News, ET Auto

31/08/2020 Christine B. Holmes

As the COVID-19 instances surge past the two-million mark, the absence of common general public transport has manufactured Indians get to the common mode of mobility: cycling.

New Delhi:
An inside layout student Zara Takhar is stuck at her house as her higher education, the Ahmedabad-based mostly United World Institute of Style, is closed. This, also for the full course of pupils throughout India, has turned her lifestyle upside down. Stuck at her house in Chandigarh, the ‘City Beautiful’, for over five months, Zara has bought a bicycle to destroy the monotony and travel house fitness on the information of

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