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Showing posts with the label AUTO SECTOR

Samsung unveils new automotive image sensor; eyes expanion beyond mobiles

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  Samsung Electronics on Tuesday released a new automotive image sensor as the tech giant eyes to expand its presence beyond the mobile sector. The ISOCELL Auto 4AC will be used for rear-view cameras and surround-view monitors of a vehicle and offer high-definition resolution images. Samsung's latest image sensor comes in an optical format of 1/3.7-inch with 1.2 million 3.0-micrometer pixels. Samsung said it applied CornerPixel technology for the first time, which will help reduce blind areas even in extreme conditions, reports Yonhap news agency. Its pixel designing technology embeds two photodiodes in a single pixel area, with one 3.0-micrometer pixel for low light images and a 1.0-micrometer pixel for a brighter environment. It offers advanced 120-decibel high dynamic range with minimal motion blur, which will enable smoother transitions between dark and brighter areas, according to Samsung. Read More

Launched in June, 15,939 units of MG Hector sold till December 2019

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MG Motor India sold 3,021 units of Hector in December, taking the total sales figure, since launch in June, to 15,939 units. The company is set to launch its second car and the first electric vehicle - MG ZS EV - in India this month. Commenting on the sales performance in 2019, Rakesh Sidana, Director – Sales, MG Motor India , said, “As a new entrant in the Indian market, the robust sales momentum of our first offering, the Hector, has been very encouraging. We are working closely with our global and local suppliers to increase the production of the Hector in 2020 to support the booking backlog. In line with our focus on customer satisfaction, we are constantly evaluating the emerging demand for the Hector in newer markets across India. We are proactively setting up more service centres closer to our prospective customers to elevate their ownership experience with MG.” MG Motor India currently has over 150 outlets across India and aims to further strengthen its network cou...

Yamaha Motors India enters 125cc scooter segment; launches 2 new variants

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Yamaha Motor India today announced its entry into the 125cc scooter segment. The company introduced two new scooters in the 125 cc segment - Fascino 125 , Ray ZR 125 . Company also said that it will withdraw its 110cc offering. Motofumi Shitara, Chairman, Yamaha Motor India Group of Companies said that the currenr slowdown is temporary and the industry will bounce back soon. "We are bullish about India," he said. Ravinder Singh, Senior Vice President, Strategy & Planning, Yamaha Motor India says 2019 was a tough year for the industry. The new 125cc offerings promise 16 per cent more mileage and 30 per cent increase in power. Read More

Mahindra warns of job losses in auto sector, seeks government's help

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Automaker Mahindra and Mahindra Ltd (M&M) said on Wednesday it saw a "huge danger" of job losses in the ailing domestic auto sector, as it sought government intervention, including tax reductions to revive demand. A lending crisis among the country's shadow banks, which fund nearly 55-60% of commercial vehicles and 30% of passenger cars, has led to automakers, including M&M and its rivals Maruti Suzuki India Ltd and Tata Motors Ltd, to either cut production or temporarily close plants. M&M said in a statement it was only able to maintain margins due to falling commodity prices and the government must reduce the goods and services tax (GST) rate to spur demand. A slump in sales is also triggering massive job cuts in the sector that employs 35 million people directly and indirectly. Reuters reported on Tuesday that initial estimates suggest automakers, parts manufacturers and dealers have laid off about 350,000 workers since April. "Now jo...

Tesla launches new $45,000 version of Model 3 sedan with mid-range battery

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Tesla Inc on Thursday introduced a new $45,000 version of its Model 3 sedan on its website, launching the car as U.S. tax breaks for Tesla cars are about to decrease. According to the website, the rear-wheel-drive model has a "mid range" battery, a range of 260 miles, 50 miles less than the long-range battery that the more expensive Model 3 is equipped with. The new version has a delivery period of six to 10 weeks, according to the website, which would customers eligible for the current $7,500 U.S. tax credit if they take delivery by the end of the year. The tax credit for Tesla cars will drop by half on Jan. 1. Although Tesla has promised a base-level version of the Model 3 priced at $35,000, so far it has only produced higher-cost versions starting at about $49,000. Tesla has said that it would not manufacture the base-level version of the Model 3 this year. Adding the mid-priced version of the Model 3 appears to be a strategic way to lure possible bu...