Category: Automotive

Retail News Asia is committed to providing both local and global retailers with the latest Auto and Car news throughout the Asian market. This on a daily base.

  • Motorbike sales slump, blamed on pandemic

    Motorbike sales slump, blamed on pandemic

    Motorbike sales fell 16.6 percent to 2.71 million units last year, according to the Vietnam Association of Motorcycle Manufacturers.

    The industry group comprises five major companies, Honda, Piaggio, Suzuki, SYM, and Yamaha, who account for most of the market.

    Industry insiders said sales fell in double digits because of the Covid-19 pandemic, which hit people’s incomes.

    Although VAMM’s report did not list each company’s sales, Honda said it accounted for nearly 80 percent.

    Other brands not included in report were VinFast, Kymco, BMW Motorrad, Ducati, Harley-Davidson, Kawasaki, and others.

    In the second half last year several companies introduced.

  • Tesla Asks U.S. Safety Agency To Declare Speed Display Issue Inconsequential

    Tesla Asks U.S. Safety Agency To Declare Speed Display Issue Inconsequential

    Tesla Inc filed a petition with U.S. auto safety regulators saying that 612,000 vehicles produced since 2012 do not fully comply with federal safety standards because displays can be switched from miles per hour to only metric measurements, documents released on Friday show.

    The automaker asked the National Highway Traffic Safety Administration (NHTSA) to declare the noncompliance issue inconsequential to safety, according to the agency’s filing.

    Tesla said it corrected the issue in production in September and that more than 75% percent of the affected U.S. vehicles have accepted the firmware update released in September.

    Tesla said if vehicles are set to only display to kilometers, all functions tied to speed limits like Traffic-Aware Cruise Control and Speed Assist will “convert mapped data from mph to km/h, resulting in the vehicle speed automatically matching the appropriate speed limit.”

    Tesla added that vehicle operators can change the display back to miles per hour, saying the option is “easily located in the display menu and is not buried in sub-menus.”

    Tesla said it has not received any reports of crashes related to this issue and noted that NHTSA granted two petitions for inconsequential treatment involving speedometer unit display noncompliance to Volkswagen AG in July and BMW in 2015.

  • December auto sales hit monthly high

    December auto sales hit monthly high

    Auto sales climbed to 47,865 units in December, the highest monthly number last year, according to the latest data from Vietnam Automobile Manufacturers Association (VAMA).

    It represented a 32 percent rise from November and 45 percent increase from the same period in 2019.

    The data shows 36,856 units sold in December were passenger cars, up 28 percent over the previous month, 10,673 were commercial vehicles, up 50 percent and 331 units were special-purpose vehicles, down 30 percent.

    Despite the late surge, total auto sales in 2020 still fell 8 percent year-on-year to 296,634 units due to deep plunges recorded in April and August after two major Covid-19 outbreaks.

    Local brand Truong Hai Auto (Thaco) retained the top spot in 2020 with a 35.5 percent share of the market as sales rose 10 percent to 100,727 units.

    It was followed by Toyota with 70,692 units, down 11 percent and Mitsubishi with 28,954 units, down 6 percent.
    Ford and Honda rounded out the top five.

  • Tata Puts Post-Pandemic Bet On Digital

    Tata Puts Post-Pandemic Bet On Digital

    Tata Group plans to invest in digital, high-end electronics and healthcare in a post-pandemic world, the $100 billion conglomerate’s chairman said on Thursday. Tata, whose operations span hotels, steel, airlines, electronic goods and technology services, will also place big bets on electric vehicles, renewable energy and battery storage, N Chandrasekaran, who is also known as Chandra, added.

    “When you look at trends for the future, definitely there are clear signs you can pick up. Anything that is digital, we’re making a big bet on,” Chandra told the Reuters Next conference.

    The coronavirus pandemic has accelerated the adoption of technology, changing the way people live, work and consume as well as how companies operate, he added.

    Tata has already made public its intent to launch an umbrella app enabling access to all its consumer businesses, Chandra said, in a concept borrowed from China where apps such as Alipay allow everything from hotel bookings to e-commerce. Tata is also building an online business-to-business platform.

    The owner of British luxury brand Jaguar Land Rover (JLR) is placing big bets on electric vehicles as well as on battery storage and renewable energy for consumer and industrial use.

    “We are very serious about electric vehicles,” Chandra said, adding that Tata is investing in developing clean technology cars at home through Tata Motors and at JLR.

    Automakers are investing in EVs, largely driven by tighter government regulations on polluting vehicles, with Tesla, now the world’s most valuable car company, readying plans to launch in India this year.

    Chandra said the adoption of technology and shift in consumer and corporate behavior will lead to the creation of new and shared workplaces closer to where people live.

    Meanwhile, there will be a higher degree of automation in Indian factories driven by greater use of artificial intelligence, internet of things or connected devices and data.

    With some of these changes unlikely to reverse, Chandra is looking at new opportunities for Tata, particularly as India’s economy springs back from damage during the early stages of the pandemic last year.

    “I’ve been quite surprised with the speed with which the economy is recovering and bouncing back,” he said, adding that several Tata companies are already recovering losses as demand picks up except in areas like airlines.

    COVID-19 has also forced Tata to be more resilient to disruption in the global supply chains it depends on and for Chandra, one way to do this is to be a part of it.

    “There are couple of industries we have already identified. One is electronics, high-tech manufacturing, where we’ve already started the foray and we are developing plans for the future.”

    Tata also plans to cater to growing demand for medical devices in India and around the world, Chandra said.

  • Trump’s China Tech War Backfires On Automakers As Chips Run Short

    Trump’s China Tech War Backfires On Automakers As Chips Run Short

    Automakers around the world are shutting assembly lines because of a global shortage of semiconductors that in some cases has been exacerbated by the Trump administration’s actions against key Chinese chip factories, industry officials said.

    The shortage, which caught much of the industry off-guard and could continue for many months, is now causing Ford Motor Co, Subaru Corp and Toyota Motor Corp to curtail production in the United States.

    Automakers affected in other markets include Volkswagen, Nissan Motor Co Ltd and Fiat Chrysler Automobiles.

    The problems stem from a confluence of factors as auto manufacturers compete against the sprawling consumer electronics industry for chip supplies. Consumers have stocked up on laptops, gaming consoles and other electronic products during the pandemic, creating tight chip supplies throughout 2020.

    They have also bought more cars than industry officials expected last spring, further straining supplies.

    In at least one case, the shortage ties back to President Donald Trump’s policies aimed at curtailing technology transfers to China.

    One automaker moved chip production from China’s Semiconductor Manufacturing International, or SMIC, which was hit with U.S. government restrictions in December, to Taiwan Semiconductor Manufacturing Co in Taiwan, which in turn was overbooked, a person familiar with the matter said.

    Ford also will idle its Focus plant in Saarlouis, Germany, for a month starting next week because of chip shortages.

    An auto supplier confirmed TSMC has been unable to keep up with demand.

    “The systemic aspect of the crisis is giving us a headache,” said a supplier executive, who asked not to be identified. “In some cases, we find substitution parts that could make us independent from TSMC, only to discover that the alternative wafer manufacturer has no capacity available.”

    TSMC and SMIC did not immediately respond to requests for comment.

    On an earnings call with investors Thursday, TSMC Chief Executive C.C. Wei said there was a shortage of automotive chips made with “mature technology” and that it is working with customers “to mitigate the shortage impact.”

    It only takes the tiniest of chips to throw off production: a Ford plant in Kentucky that makes the Escape sport utility vehicle idled because of a shortage of a chip in the vehicle’s brake system, a union official in the plant said.

    Ford also will idle its Focus plant in Saarlouis, Germany, for a month starting next week because of chip shortages.

    The situation is unlikely to improve quickly, since all chips, whether bound for a laptop or a Lexus, start life as a silicon wafer that takes about 90 days to process into a chip.

    The chipmaking industry has always strained to keep up with sudden demand spikes. The factories that produce wafers cost tens of billions of dollars to build, and expanding their capacity can take up to a year for testing and qualifying complex tools.

    “The long and short of it is, demand is up about 50%. And there’s no asset-intensive industry like ours that has 50% capacity lying around,” said Mike Hogan, senior vice president at chip manufacturer GlobalFoundries and head of its automotive unit.

  • Porsche Sold More Than 20,000 Taycans In 2020

    Porsche Sold More Than 20,000 Taycans In 2020

    Porsche announced that it has sold 20,015 units of the Taycan all-electric car in 2020. The company has been able to achieve this feat even after the disruption caused due to the coronavirus pandemic. The company had shut down all production activities for 6 weeks and this, when the company was ramping up production as many markets globally, were planning premieres in the coming months.

    It needs to be noted here that Porsche sold a total of 4480 Taycans from January to June 2020, and 6464 units were sold in the next 3 months. Therefore in the first 9 months of 2020, the company had sold more than 10,000 units of the car and the next 10,000 took just about 3 months, showing how strong the demand is for the all-electric sedan.

    Detlev von Platen, Member of the Executive Board for Sales and Marketing at Porsche AG said, “The coronavirus crisis posed a great challenge from spring 2020 onwards. Nevertheless, we were able to keep deliveries comparatively stable for the year as a whole. Our fresh, attractive product range, the successful start of the Taycan as the first all-electric Porsche and the charisma of our brand – all this contributed to this positive result despite the difficult times.”

    The Porsche Taycan is scheduled to hit the Indian shores as well very soon. We know that it’s good because we’ve driven the car and told you all about it. The Porsche Taycan sports two permanently excited synchronous electric motors that can churn out a maximum of 600 bhp and will a range of over 500 km thanks to its high voltage lithium-ion batteries. The electric car will get 800-volt chargers with fast charging capability, which can offer a 400 km range in 15 minutes of charge time. It can go from 0-100 kmph in under 3.5 seconds.

  • Tata Motors’ Global Wholesales Grew 1% In Q3 FY2021

    Tata Motors’ Global Wholesales Grew 1% In Q3 FY2021

    Tata Motors has released the Group’s global wholesales numbers for the third quarter of Financial Year 2020-21. In the quarter that ended on December 31, 2020, Tata Motors Group’s global wholesales stood at 2,78,915 units (including Jaguar Land Rover), registering a marginal 1 percent growth as compared to what the company sold during the October-December period in 2019. However, compared to the second quarter that ended on September 30, 2020 (Q2 FY2021), when the company’s total wholesales were 2,02,873 units, Tata has witnessed a 37 percent growth.

    Between October and December 2020, the Tata Motors Groups passenger car wholesales stood at 1,88,550 units, witnessing a growth of 4 percent compared to Q3 FY2020. Out of this, global wholesales from Jaguar Land Rover alone accounted for 1,19,658 vehicles, which includes the 17,078 vehicles sold by CJLR the joint venture between JLR and Chery Automobiles, in Q3 FY21. Jaguar’s wholesales for the quarter were 22,466 vehicles, while Land Rover’s wholesales for the quarter were 97,192 units.

    Tata Motors vehicle sales in the domestic market have also been quite impressive in the previous quarter. Between October and December 2020, the company’s total Passenger Vehicle (PV) sales stood at 68,803 units, registering a massive 89 percent growth as compared to Q3 FY2020, when it sold 36,354 units. It was Tata’s highest-ever quarterly results for passenger vehicles in 33 quarters or over eight years.

    At the same time, the Group’s global wholesales from commercial vehicles, including, the Tata Daewoo range in Q3 FY21 were at 90,365 units, witnessing a decline of 4 percent, compared to what to company sold in Q3 FY20.

  • Tesla To Set-up Operations In Bengaluru, Registers Indian Subsidiary

    Tesla To Set-up Operations In Bengaluru, Registers Indian Subsidiary

    The wait is nearly over as American electric carmaker Tesla is all set to set-up operations in India and zeroed down on Karnataka, as its preferred state to set-up its headquarters. The electric auto giant has registered its Indian subsidiary under the name ‘Tesla India Motors and Energy Private Ltd’, which was incorporated in Bengaluru on January 8, 2021. The company is expected to commence operations by June this year and the first product to be made available will be the Model 3 sedan, according to reports.

    According to the document filed with the Ministry of Corporate Affairs, Vaibhav Taneja, Venkatrangam Sreeram, and David Jon Feinstein have been named as directors. The company has been registered as a private unlisted company with an authorized capital of ₹ 15,00,000 and a paid-up capital of ₹ 100,000. The document also reiterates Tesla co-founder and CEO, Elon Musk’s tweet last year that said the automaker would enter India “next year for sure.

    India has been on Tesla’s radar since 2016 but plans did not materialize despite a number of speculations. It was also reported recently that state governments including Maharashtra, Andhra Pradesh, Tamil Nadu, and Karnataka had talks with the automaker to set-up operations in their region, while the company is also considering local partnerships. Reportedly, the Karnataka government has already offered a land parcel to Tesla in Tumkur, on the outskirts of Bengaluru, to set-up a manufacturing facility.

  • General Motors Unveils Futuristic Flying Cadillac Concept Vehicle

    General Motors Unveils Futuristic Flying Cadillac Concept Vehicle

    General Motor on Tuesday presented a futuristic flying Cadillac – a self-driving vehicle that takes off and lands vertically and carries the passenger above the streets and through the air. A senior GM executive described the concept as “reimagining the future of personal transportation”. The single-passenger Cadillac – technically, a vertical take-off and landing (VTOL) drone – will be able to travel from urban rooftop to urban rooftop at speeds up to 55 miles per hour.

    It is fully autonomous and all-electric, with a 90kW motor, a GM Ultium battery pack and an ultra-lightweight body with four pairs of rotors.

    The flying Cadillac was presented in a video as part of a virtual keynote presentation by Chief Executive Mary Barra, along with a family-friendly Cadillac electric shuttle.

    Barra last year revealed the automaker was exploring such alternative transportation modes as aerial taxis.

    The concepts in the CES video were introduced by GM design chief Mike Simcoe, who described the VTOL as “the Cadillac of urban air mobility”.

    “VTOL is key to GM’s vision for a multimodal future,” he said.

    The autonomous Cadillac shuttle, described in the video as “arriving soon,” features a boxy silhouette that recalls the Cruise Origin, also designed by Simcoe’s team. It features fore and aft sliding doors and a panoramic glass roof.

    The cabin has wraparound lounge-like seating, plus biometric sensors, voice control and hand gesture recognition.

    GM declined to disclose further details.

    Other automakers, including Toyota Motor, Hyundai Motor and Geely Automobile, have previously have shown concept aerial vehicles as part of their future planning.

  • International Driving Permits Can Now Be Renewed While Abroad

    International Driving Permits Can Now Be Renewed While Abroad

    The Ministry of Road Transport and Highway (MoRTH) issued a notification about a week ago to the effect that Indian citizens can now renew their International Driving Permit (IDP) while they are abroad, in case their IDP expires. The new amendment allows Indian citizens to apply for renewal of their IDP through Indian embassies and Missions abroad. The said applications will then be moved to the VAHAN portal in India and will be considered for renewal by respective RTOs. After renewal, the IDPs will be couriered by the RTOs to Indian citizens at their respective addresses abroad.

    The amendment also removes the requirement of providing a medical certificate and a valid visa at the time of applying for IDP in India. MoRTH believes that a citizen who has a valid driving license should not have a requirement for another medical certificate. Plus, there are countries that offer a visa on arrival or cases where visas have been issued at the very last moment. Keeping these conditions in mind, the government will now allow IDP applications without a visa.

    The Ministry of Road Transport and Highways (MoRTH) has extended the validity of vehicular documents till March 31, 2021. The Ministry decided to take this step to prevent the spread of COVID-19. MoRTH has also issued a directory to the States and Union Territory administrations regarding the extension for the validity of documents. As per the notification, vehicular documents like fitness certificates, permits, driving license, registration certificates, and others will remain valid till the end of March 2021.

  • Baidu Plans Smart EV Company, To Make Cars At Geely Plant

    Baidu Plans Smart EV Company, To Make Cars At Geely Plant

    China’s Baidu Inc plans to form a company to make smart electric vehicles (EV), two sources familiar with the matter said, with manufacturing to be carried out at plants owned by automaker Geely. Baidu, the leading search engine company in China, will take a majority stake and absolute voting power in the new company. The venture will revamp some of Geely’s existing car manufacturing facilities to make the vehicles, with in-car software input from Baidu and engineering know-how from Geely, sources told Reuters.

    The companies are in talks to use Geely’s EV-focused platform, Sustainable Experience Architecture (SEA), for future product development, one of the sources, who declined to be identified as the plan was private, said.

    Baidu, which is developing autonomous driving technology and internet connectivity infrastructure, did not immediately respond to a request for comment. Geely declined to comment.

    Baidu’s Nasdaq-listed shares jumped more than 4% after Reuters reported the plan.

    Reuters had already reported last month that Baidu was contemplating making its own EVs and had held talks with Geely, Guangzhou Automobile Group Co Ltd (GAC) and China FAW Group Corp Ltd’s Hongqi on a possible venture.

    Baidu’s rival Alibaba has formed an EV joint venture with China’s biggest automaker SAIC Motor Corp while China’s Didi Chuxing is making EVs designed for ride-hailing services with BYD. Cheered by Tesla Inc’s success in the commercialization of EVs, internet giants including Tencent Holdings Ltd, Amazon.com Inc and Alphabet Inc, have also developed auto-related technology or invested in smart-car startups. People familiar with the matter said last month Apple is pushing to design an electric vehicle and batteries, aiming at a possible 2024 launch.

    Hangzhou-based Geely, China’s highest-profile automaker due to group investments in Volvo Cars, Daimler AG and Malaysia’s Proton, is expanding EV production. Shares of its main listed company, Geely Automobile, which aims to sell 1.53 million vehicles this year, jumped over 10% on Friday.

  • Biggest Drop In UK New Car Sales Since World War Two

    Biggest Drop In UK New Car Sales Since World War Two

    British new car sales fell nearly 30% last year in their biggest annual drop since 1943 as lockdowns to curb the spread of the coronavirus hit the sector, an industry body said on Wednesday. Demand stood at 1.63 million cars in 2020, according to data from the Society of Motor Manufacturers and Traders (SMMT). It was particularly hard hit by a 97% fall in April, the first full month of a national lockdown.

    Dealerships gradually reopened in June on differing dates across the United Kingdom’s four nations.

    “We lost nearly three-quarters of a million units over three or four months, which we never got back,” said SMMT Chief Executive Mike Hawes.

    Showrooms in England have closed again during a second lockdown in November but many were better prepared with “click and collect” options, allowing more purchases, but still leading to a 27% year-on-year slump.

    The performance leaves new car sales at their lowest level since 1992, and suffering the biggest drop since 1943, when sales fell by more than 90%.

    Then, Britain was fighting World War Two, and the industry was repurposed for the effort.

    In 2020, diesel car registrations more than halved, while nearly 30% of sales were electric, hybrid, and mild hybrid vehicles as Britain brought forward a ban on the sale of new combustion engine-only cars to 2030.

    The sector was also awaiting a trade deal with the European Union. An agreement was reached on Dec. 24, meaning immediate tariffs and disruption were avoided, but the sector has warned of additional costs.

    The car sector, like others, now faces the challenge of new lockdowns announced in England and Scotland this week.

    The SMMT expects sales to be below 2 million this year, with the sector nervously looking ahead to March, one of the top two selling months of the year due to the change in the license plate series.

    “Where the industry is focussed at the moment, is what do we need to do to try to sustain sales …, sustain manufacturing over the next two to three months, especially with March being such a critical month for the industry and that will undoubtedly be affected,” said Hawes.

  • Tesla Hunts For Design Chief To Create Cars For China

    Tesla Hunts For Design Chief To Create Cars For China

    Tesla Inc is searching for a design director in China, part of efforts to open a “full-function” studio in Shanghai or Beijing and design electric cars tailored to Chinese consumer tastes, according to three people with knowledge of the matter.

    The U.S. carmaker’s human resources managers, as well as several headhunters, have been trawling the industry over the past four months, the sources said.

    They are looking for “bi-cultural” candidates with 20 or more years of experience who are familiar with Chinese tastes and can bridge the gaps between China and the United States, they added.

    Some candidates have been interviewed by Tesla’s global design chief Franz von Holzhausen, according to the people, though it was not clear how many potential candidates had been approached by the company and recruiters.

    Tesla is also planning to set up a design studio in China but will likely wait for more clarity on strained U.S.-China relations under a new U.S. president

    China is the world’s biggest auto market, plus the largest for all-electric vehicles with sales volumes expected to reach roughly 1.5 million vehicles there this year, according to consultancy LMC Automotive. It is also Tesla’s No.2 market after the United States.

    The carmaker’s plans for the design studio are not fully developed, and the sources believe Tesla will likely wait for more clarity on strained U.S.-China relations under a new U.S. president before making a final decision on the move and all its details.

    The talent search, which the sources said was mainly focused within China, fits with comments from Tesla boss Elon Musk early last year.

    “I think something that would be super cool would be … to create a China design and engineering centre to actually design an original car in China for worldwide consumption. I think this would be very exciting,” he said at a media event in Shanghai.

    Musk’s interest in developing cars in China is part of a broader push by Tesla to boost the company’s global sales volume well past the 500,000-vehicle-a-year mark, which it came just 450 short of hitting in 2020.

    All three sources said Tesla’s search for a China studio director began around September, and that there was a flurry of activity as recently as December when a number of headhunters used LinkedIn and other means to approach candidates.

    One of the sources, who has knowledge of Tesla’s headhunting activities in China, said that once a design director was hired, Tesla would recruit the director’s team which would likely be around 20-strong and include designers plus modelers who help turn design renderings into clay models.

    All the sources said the planned center aimed to be a comprehensive design outfit, with one describing it as a “full-function studio”, which would not only help conceptualize the design of a car but also come up with the final shape – digital three-dimensional data – of a model.

    The data could then be handed over to Tesla’s vehicle engineers, who are mostly based in northern California.

    Two of the sources said Tesla’s China studio would likely also carry out research on Chinese consumer tastes, as well as work for cars expected to be produced at Tesla’s vehicle assembly plant in Shanghai, where designs are tweaked to make sure specific components fit within engineers’ specifications.

    “They want to give vehicle design a lot more bias toward China; they have already done a lot here, setting up a major manufacturing site and having sold a ton of EVs, but it seems Tesla’s ready to put roots down,” said one of the sources.

    This push might lead to a more independent Tesla China, added the person, who has spent more than a decade in the country working at design centres run by global automakers, among other places.

    Chinese consumers bought around 145,000 Tesla vehicles last year, accounting for roughly a third of the company’s overall global volumes, LMC said.

    Two of the sources said one likely “China-specific” model was a lower-cost volume generator such as a $25,000 electric car that Musk referred to at a Battery Day event in September, which he said Tesla might aim to bring to market in about three years.

    Musk said Tesla was confident it would be able to hit the market with “a very compelling $25,000 electric vehicle that’s also fully autonomous”.

    At that price, according to two of the sources as well as industry experts, it was likely to be a compact car, smaller than Tesla’s Model 3, which would be as affordable as some mainstream gasoline-fueled vehicles.

    Compact cars are not big sellers in the United States where bigger, taller vehicles such as Ford’s F-150 pickup truck and SUVs, as well as midsize sedans, rule the road.

    They account for about 10% of America’s overall vehicle market. By contrast, compacts make up 25% of sales in China, or around 5-6 million cars a year, according to consultancy LMC Automotive.

    That’s why the planned $25,000 car Musk has discussed would be better suited to the China marketplace, according to the two sources and industry experts.

    “A compact Tesla car would do well in China, as well as the rest of Asia and Europe,” said Yale Zhang, head of Shanghai-based consultancy Automotive Foresight. “It could potentially put a serious dent in sales of cars like Toyota’s Corolla and the Volkswagen Golf.”

  • Honda 2Wheeler India Likely To Start Production On Gujarat Plant’s Third Line In Next 2-3 Years

    Honda 2Wheeler India Likely To Start Production On Gujarat Plant’s Third Line In Next 2-3 Years

    Honda Motorcycle & Scooter India is likely to initiate production on the third line of its Gujarat Plant in the next two to three years. According to a recent report from PTI, the two-wheeler manufacturer took this step as demand has shrunk in the market due to the coronavirus pandemic. The company commenced the construction activity of a third line to add six lakh units per annum at its Gujarat plant to increase total capacity to 12 lakh units per annum.

    Yadvinder Singh Guleria, Director – Sales & Marketing, HMSI said, “As for our new line which we had made in our fourth factory in Gujarat, we call it our third line. The construction activity and other activities went on as per schedule. However, we have put on hold the decision on when to start production at that line because the overall market has shrunk. In terms of demand, the existing lines and existing capacity are good enough to take care of the demand, which is currently in the market and in the coming next two years or so.”

    He further said, “It depends on how quickly the market rebounds and the new demand shoots, green shoots visible to us. That is the only time we will decide to start production in the third line. From today’s point of view, since the overall market condition is very fluid and a lot of unpredictability around, it looks like two to three years”.

    The company’s business is majorly contributed by scooters which constitute 60 to 65 percent while the remaining business comes from motorcycles. Currently, the two-wheeler maker has four production facilities across the country that are located at Manesar in Harayana, Tapukara in Rajasthan, Narsapura in Karnataka and Vithalapur in Gujarat. The total annual production capacity of all these four plants stands at 64 lakh units.

    The company official said the Indian two-wheeler industry has been hit adversely due to the pandemic which is down by 25 percent. While motorcycle and scooter segments are down by 22 percent and 33 percent respectively. However, the company had to face its challenges as the business is majorly driven from urban India, which had been in the lockdown for a significant number of days than the rural India that reflected on the business.

  • Bentley Posts Highest Ever Sales Numbers In 101 Years In 2020

    Bentley Posts Highest Ever Sales Numbers In 101 Years In 2020

    Bentley Motors announced total sales of 11,206 in 2020, an increase of 2 percent over 2019. Although the pre-COVID sales forecast was much greater, new model introductions fuelled this significant achievement which was the highest sales performance in any of the luxury British marque’s 101 years. Bentley’s production was shut down for seven weeks beginning in March, and running at a 50 percent output for a further nine weeks thereafter, as social distancing measures were

    The Americas remained Bentley’s number one region although a strong performance in China, posting an increase of 48 percent came in a close second. The Bentley Continental GT (24 percent) and GT Convertible (15 percent) together accounted for 39 percent of total sales. However, in spite of the run out of the previous generation model, and delays to market entry of the all-new Bentayga due to the COVID-19 pandemic, the SUV was still the biggest selling single model, accounting for 37 percent of total sales.

    The Americas region delivered 3,035 cars, an increase of four percent on the corresponding figure for 2019, 2,913. Placing the region as Bentley’s number one market, this strong performance was boosted by the introduction of the Flying Spur and a full year of sales of the Continental GT and GT Convertible luxury Grand Tourer.

    Bentley’s biggest growth was reserved for China, posting a sales increase of 48 percent, 2,880 cars, against 1,940, as the traditional sedan market welcomed the introduction of the all-new Flying Spur, with Bentayga sales remaining strong.

    Europe closed the year with the delivery of 2,193 cars, against a figure of 2,670 in 2019, a decrease of 18 percent with the region impacted because of the market entry delays of the all-new Bentayga.

    Bentley’s home market in the UK continued its consistently strong performance, recording sales of 1,160 cars. This represented a decrease of 22 per cent over the previous year. Bentley delivered 735 cars to the Middle East in 2020, against a total of 852 the previous year.