The industry was expecting to sell 3 million passenger vehicles for the first time in 2016-17, but now it seems a moot possibility.
'Because of the government's step, the people are now going to splurge on consumption.' 'If you ask me, would growth be 8% for 2017-2018, I would say 7.5% because of the demonetisation move would not be very significant.'
M&M's used car biz becomes the first private firm to tie up with a bank for conducting online auctions of repossessed and off-lease cars. Ajay Modi reports.
Information gathered from a person's social media account will be matched with his or her declared income.
Amid persistent fear of prosecution and penalty, people across income classes are looking for ways to do away with stacks of higher denomination currency.
German luxury car maker has expanded its product offering with the launch of 11 products this year.
Significant portion of the funds used to fuel urban demand have become illegal and inoperative.
It is immediately not clear how GST will impact the mass car market. Experts, however, say the level of tax on smaller cars will have to be at a differential to the sedans.
Strong festive demand in October helped carmakers register a seven-per cent volume growth in the domestic market, even as the largest player, Maruti Suzuki, reported low single-digit growth.
Maruti Suzuki growing in double-digits; Suzuki's Japan Q1 top line rose only 1%.
One of the smallest players in India's car market, it is banking on new-look Etios to make inroads into the personal vehicle segment
Good pay hikes, positive macroeconomic factors and the taming of inflation have had a positive effect on purchases
Chief Economic Advisor Arvind Subramanian says that he hopes GDP growth will be at the upper end of the 7-7.5 per cent range.
A number of companies, including Maruti Suzuki, Renault and Nissan, are giving gold coins to buyers who book cars by the month-end. There are other benefits as well, reports Ajay Modi.
The Niti Aayog is preparing 15-year vision document that will replace the Five-Year Plan from the next financial year
Chetan Ghate, Pami Dua and Ravindra Dholakia have been appointed for 4 years
The first major pricing error was made by market leader Maruti Suzuki when it launched its first crossover the S Cross
Only 10,059 tourists have visited the state this month compared to around 90,000 in July
Maruti Suzukisaid it was trying to offer more factory-fitted CNG cars to address environmental concerns
The French car maker has gained a firm footing in the small car segment, and is well on its way to becoming the topmost European car brand in India
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