India auto production to shrink 8.3% in 2020 due to coronavirus, warns Fitch

Fitch Solutions today said it expects vehicle production in India to contract by 8.3 per cent in 2020 as the auto industry faces increasing risk of supply shortage due to China’s coronavirus outbreak, possibly hitting domestic output if the virus spreads in the country. Continue Reading

Hyundai eyes big in premium SUV segment with launch of new Tuscon

While unveiling the model at the Auto Expo, Hyundai Motor India Managing Director and CEO SS Kim said the new Tuscon comes with enhanced technology, design and performance. Continue Reading

No plan to hike Kona EV prices: Hyundai

Hyundai Motor India is not planning to hike prices of electric model Kona, despite expectations of a rise in the cost of the vehicle with the government proposing to increase customs duty on imported EVs, a top company official said. Continue Reading

Coronavirus ‘infects’ Indian Auto expo and travel sector

Automobile industry body Society of Indian Automobile Manufacturers (SIAM) said all Chinese companies participating at the expo have confirmed that their exhibit area would be manned by their Indian employees. Continue Reading

Maruti aims to sell 1 million environment-friendly cars

The country’s largest car maker Maruti Suzuki India (MSI) said it aims to manufacture and sell another million ‘green vehicles’ in the next couple of years as it accelerates its eco-friendly mobility drive. Continue Reading