Maruti Suzuki
The country’s largest passenger car manufacturer, Maruti Suzuki India (MSI), posted a 11.8 percent growth in its total cars sales (domestic + exports) at 164,469 units in February 2021, as compared to 147,110 units in the same month last year.
Total sales in the month include domestic sales of 147,483 units, sales to other OEMs 5,500 units and exports of 11,486 units.
During April-February, MSI posted sales of 1,290,847 units as against 1,479,505 units with 12.8 percent de-growth when domestic and exports were combined.
The Alto and S-Presso combined to register 23,959 units with 12.9 percent degrowth.
However, the entry-level compact models like Wagon R, Swift, Celerio, Ignis, Baleno, Dzire and Tour S endured 80,517 units in February 2021 as against 69,828 units with a 15.3 percent surge in volumes.
The Ciaz mid-size sedan managed to garner 1,510 units as against 2,544 units with 40.6 percent de-growth. The utility range also saw a healthy increase in sales last month.
The Ertiga, S-Cross, Vitara Brezza and XL6 contributed to a total of 26,884 units as against 22,604 units during the corresponding month in 2020 with an 18.9 percent on year sales increase. The Eeco posted sales of 11,891 units as against 11,227 units during the same period in 2020 with 5.9 percent growth. The super carry segment was responsible for 2,722 units with a massive 507.6 percent volume increase.
Hyundai Motor
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Steel's Net Zero mission
The countryâs 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 Indiaâs production went up by 7% to 10 mt.
MOIL embarks on expansion projects
âEven 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.â 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
âIn 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.â 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
Indiaâs 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.
âFive enablers: way forward to sustainable cleaner steelâ
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.