Industry staring at a record surplus by next year
Hotel companies said the conditions are not investor friendly and making money on the property could be tough in the initial years.
Data available from top six players - Maruti Suzuki, Hyundai, M&M, Tata Motors, Honda and Toyota - shows an average growth of about 42 per cent for the industry in June
The rise of domestic leisure travel, helped by rising income levels, is helping the industry offset the sluggishness in business from foreign visitors
SoftBank-backed OYO now 100,000 rooms brand, eyes another 100,000 by Mar 1
The company is confident that more hotel owners will be keen to associate themselves with the Hilton brand, the second-biggest hotel chain globally after Marriott.
The country's top automaker in terms of revenue plans to launch a total of 50 products in the CV segment during 2018-19.
The GST Council last year imposed a cess of 15 per cent on hybrid vehicles, in addition to the 28 per cent GST, leading to a total tax burden of 43 per cent against a previous tax rate of 28 per cent.
The wheels turn for bicycles, as manufacturers go back to the basics. After motorised two-wheelers overtook cycle sales in the country, manufacturers are focusing on commuter segment again and reviving entry-level cycles.
The government has mandated that from October 2017, all new car models will have to be equipped with airbags to meet crash test norms.
Dealers have stocked up vehicles in the run-up to a price hike, which is expected to be announced by leading players some time this month.
The five-acre facility, set up by M&M through a joint venture with government owned company MSTC, went on stream in April this year
Irrespective of the recent performance of Datsun, Nissan is ready to put more resources behind it.
The edge that Maruti Suzuki enjoys over Hyundai and other rivals stem primarily from its gigantic scale, reports Ajay Modi.
Toyota's India unit will also source two cars manufactured by Maruti Suzuki, the Baleno and Brezza, including their hybrid variants, and in return Toyota will offer its Corolla sedan to Maruti.
For players like Toyota Kirloskar and Ford, the contribution of UVs to overall sales is now well over 60%.
German Car maker Audi plans to offer cars that can do 400 km on a single charge, says Ajay Modi.
The narrowing gap between petrol and diesel prices, an uncertainty around the future treatment of vehicles and low resale price of diesel cars are some of the apparent reasons for the strategy shift
According to Munjal, there is an opportunity for somebody who comes from a not for profit background in health care to do something.
Rooms at this Kolkata hotel are priced between Rs 7,000-8,000 per night. Gateway is a full-service upscale hospitality brand under the Taj Group of Hotels.
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