Indian Automotive Sector

SKC

Senior Member
Joined
Aug 16, 2014
Messages
8,821
Likes
30,368
Country flag
Nexon sale crossed 15K mark after launch of facelift.

Top 20 car sales in September:

1697532485465.png


Total sales in September: 3,62,836

Highest ever monthly sales.
 

SKC

Senior Member
Joined
Aug 16, 2014
Messages
8,821
Likes
30,368
Country flag
2023 Tata Harrier, Safari score a 5-star rating in Global NCAP crash test
The 2023 Tata Harrier and Safari have been awarded a 5-star rating by Global NCAP. The SUVs received 33.05 points for adult occupant safety and 45 points for child occupant protection.

2023 Tata Harrier, Safari score a 5-star rating in Global NCAP crash test-screenshot-20231017-132424.jpg

As per the crash test report, the Harrier and Safari offered good protection to the driver and passenger’s head and neck in the frontal impact test. Driver and passenger’s chests showed adequate protection, while their knees showed good protection. Driver’s tibias showed adequate protection, and passenger’s tibias showed good protection. The footwell area and bodyshell were rated as stable.

The head, chest, abdomen and pelvis were well protected in the side impact test. Curtain airbags fitted as standard showed good protection to the head and pelvis, marginal protection to the chest and adequate protection to the abdomen in the side pole impact test.

The child seat for the 3-year-old was able to prevent head exposure during the frontal impact, offering full protection. The child seat for the 18-month-old was also able to prevent head exposure and offered full protection.

The test vehicles were equipped with dual front airbags, side head curtain airbags, and side chest airbags. The SUVs also get 3-point seat belts with pretensioners and load limiters, seat belt reminder, ESC and ISOFIX.

Source: Team-BHP forum.
Link: Tata Harrier, Safari score a 5-star rating in Global NCAP crash test | Team-BHP
 

Indx TechStyle

Kitty mod
Mod
Joined
Apr 29, 2015
Messages
18,290
Likes
56,247
Country flag
Ashok Leyland to infuse ₹1,200 crore in Switch Mobility; posts strong performance in Q2
The company’s revenue, EBITDA and profit in H1FY24 hit an historic high
1699858421377.png

Dheeraj Hinduja, Executive Chairman of Ashok Leyland
Leading truck and bus maker Ashok Leyland (AL) will infuse about ₹1,200 crore of equity in its electric vehicle arm Switch Mobility, as the Hinduja Group seeks to accelerate its growth plans in the electric mobility space.
The Board of AL has approved the investment, which will be made through its holding company Optare PLC UK. The funds infused will be used for capital expenditure, R&D, and meeting operational requirements both in the UK and India.
The company expects strong growth in electric small commercial vehicles and electric buses in view of the government push. While it is preparing to commence deliveries of its electric small trucks, unveiled in September this year, from January 2024, it has also proposed to set up a new greenfield unit in Uttar Pradesh at an investment of ₹1,200 crore to manufacture electric buses.
While the Hinduja management has been scouting for investors and an infusion of capital into its EV arm for the past several months, it has now decided to infuse funds by AL. “Switch has made good progress and we will continue to invest in building its capabilities,” Dheeraj Hinduja, Executive Chairman of Ashok Leyland and Switch Mobility, said here while discussing AL’s Q2 performance.
Q2 performance
Meanwhile, AL has posted a strong profit for the second quarter in a row in this fiscal, supported by a good increase in revenue on the back of robust volumes in the medium and heavy commercial vehicle sector. The company’s PAT stood at ₹561 crore in Q2, when compared with ₹199 crore in Q2 of FY23, an increase of 182 per cent. In Q1 of this fiscal, its PAT was ₹576 crore, including an adjusted unusual credit. But without exceptional item, it was ₹404 crore.
EBITDA stood at ₹1,080 crore in Q2FY24 (₹537 crore). The company’s EBITDA stayed at a double-digit mark for the third quarter in a row and in Q2 of this fiscal, it stood at 11.2 per cent as against 10 per cent in Q1.
Its revenue grew 17 per cent at ₹9638 crore (₹8266 crore) on the back of an 18 per cent increase in domestic volumes of medium and heavy commercial vehicles at 29,947 units. LCV volumes were marginally lower at 16,998 units (17,040 units).
“For the first half of this fiscal, our revenue, net profit, and EBITDA touched historic highs,” said Hinduja. The company’s revenue and PAT stood at ₹17,827 crore and ₹1,137 crore respectively for H1FY24. “In the beginning of this fiscal, we had estimated 8-10 per cent growth for medium and heavy commercial vehicles. But H1 demand grew 10 per cent and the demand trajectory is strong for the rest of the period,” he added.
Shenu Agarwal, MD and CEO, Ashok Leyland, said the company continued to grow its market share and it stood at more than 30 per cent for the seventh consecutive quarter. The market share was 31.6 per cent in Q2FY24.
Gopal Mahadevan, CFO and Whole-Time Director of Ashok Leyland, said the second half performance will be much better than H1 due to favourable demand outlook and softening of raw material prices.
The net debt of the company stood at ₹1,139 crore with a debt-equity at 0.1 time as of September 2023 quarter.
 

Haldilal

लड़ते लड़ते जीना है, लड़ते लड़ते मरना है
Senior Member
Joined
Aug 10, 2020
Messages
29,517
Likes
113,419
Country flag
Tata Punch EV also in testing.
Launch be end of December or by Jan-24
Ya'll Nibbiars Sumo is also coming, but will be priced much higher than any model in the Tata range ever. Along with Two Sedans and the much awaited MPV's.
 

SKC

Senior Member
Joined
Aug 16, 2014
Messages
8,821
Likes
30,368
Country flag
Ya'll Nibbiars Sumo is also coming, but will be priced much higher than any model in the Tata range ever. Along with Two Sedans and the much awaited MPV's.
Work on Sierra also in progress.
 

Varoon2

Senior Member
Joined
Mar 22, 2021
Messages
1,222
Likes
4,331
Country flag
Tatas manufacture cars from bought out Ford factory in Gujarat

 

Kumata

Senior Member
Joined
Feb 27, 2019
Messages
8,907
Likes
34,524
Country flag
Ya'll Nibbiars The Mahindra XUV 3XO.

Mahindra's problem is product life cycle and too much emphasis on electronics gizmo,s ..reliability ....I would still not pick a mahindra or tata .. unless it is a bolero...
 

notaname

Senior Member
Joined
Dec 11, 2020
Messages
3,040
Likes
15,967
Country flag
Mahindra's problem is product life cycle and too much emphasis on electronics gizmo,s ..reliability ....I would still not pick a mahindra or tata .. unless it is a bolero...
Why not tata? Apart from service what are other issues?

I am thinking on Tata so want to be sure.
 

Haldilal

लड़ते लड़ते जीना है, लड़ते लड़ते मरना है
Senior Member
Joined
Aug 10, 2020
Messages
29,517
Likes
113,419
Country flag
Why not tata? Apart from service what are other issues?

I am thinking on Tata so want to be sure.
Ya'll Nibbiars none curfew what Kumata Nibba is saying problem from a decade ago. Even the servicing is better nowadays.
 

Global Defence

New threads

Articles

Top