Maruti Suzuki
The country’s largest passenger car manufacturer Maruti Suzuki India (MSI) posted total sales of 167,014 units in March 2021, consisting of domestic sales (Passenger Vehicle and Light Commercial Vehicle) of 149,518 units, sales to other OEMs of 5,899 units and exports of 11,597 units.
MSIL domestic sales in FY20 had fallen by 18 percent due to reasons that are well known and in FY21 have been impacted due to Covid related factors.
During FY21, the company posted a total sales of 1,457,861 units, which is 6.7 percent lower than FY20. Total sales in the year include domestic sales of 1,323,396 units, sales to other OEMs of 38,326 units and exports of 96,139 units.
Hyundai Motor
Hyundai Motor India (HMIL) registered cumulative sales (domestic + exports) of 64,621 units for March 2021 with a growth of 100 percent over March 2020 volumes.
Commenting on the March 2021 sales performance, Tarun Garg, Director (Sales, Marketing & Service), HMIL said, “With cumulative sales of 64,621 units in March 2021, HMIL has built further on the sales momentum achieved over the last few months. This performance has been backed by our super performer brands such as the Ultimate SUV – CRETA, VENUE, Spirited New VERNA, NIOS and the most awarded car of 2020, the all-new i20.”
He further said, “Adding to the already strong portfolio of Hyundai SUVs, the upcoming 7 seater SUV – ALCAZAR will further set a new paradigm in the segment. Going forward, we shall continue to make efforts so as to remain the Brand of Choice for our beloved customers.”
Tata Motors
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Steel's Net Zero mission
The country’s commitment to achieving Net Zero within a targeted timeframe will now propel its steel sector towards a sustainable future in line with global trends.
Fuel Price Hike, Supply Chain Disruption Hurt Festive Sales
Supply chain disruptions and fuel price hikes have hurt festive sales in a big way as most auto majors posted decline in sales in October.
Seaborne coking coal offers remain range-bound
Seaborne coking coal offers moved in a narrow range in October amid global supply tightness and healthy spot demand.
Global crude steel output down 8% in September
China manufactured 74 mt in September, fall of 21% y-o-y while India’s production went up by 7% to 10 mt.
MOIL embarks on expansion projects
“Even though our country is blessed with manganese ore reserves, we import 50% of the domestic requirement. We have to lower our import dependence and save precious foreign exchange.” Ram Chandra Prasad Singh, Steel Minister
Iron ore handled by major ports down 17% in H1
The 12 major Indian ports handled 27 mt of iron-ore during H1 of 2021, down by 17% from 33 mt recorded for the corresponding period of previous year.
Shrinking China output to boost India exports
“In the third quarter of 2021, the company actively responded to the pressure from external policies, such as production curtailment and dual control system on energy consumption and intensity, as well as coal resource shortage and surging prices.” Baoshan Iron and Steel Co Ltd
Indian Railways' iron-ore handling up 25% in H1
Indian Railways in April-September of 2021 (H1) transported 84 mt of iron ore, up by 25% over 67 mt during April-September 2020.
September crude steel production up 7.2% y-o-y
India’s crude steel production in September 2021 grew 7.2 percent to 9.547 million tons (mt) over September 2020 but was down by 3.2 percent from August 2021 output, provisional steel ministry data showed.
“Five enablers: way forward to sustainable cleaner steel”
Right and scalable technology, appropriate policy guidance by government, access to finance to fund transition, willingness of customers to pay for cleaner products and infrastructure for use of new technologies are the need of the hour for the sustainable and cleaner steel industry, according to Madhulika Sharma, Chief Corporate Sustainability, Tata Steel.
