Ajay Modi

All stories by Ajay Modi

Paytm Travel hopes to zoom past MakeMyTrip in 2020

Paytm Travel hopes to zoom past MakeMyTrip in 2020

Rediff.com14 Jan 2019

Paytm Travel claims to have a base of around 13 million customers, a threefold increase over the user base in FY17. While significant, it is but a fraction of Paytm's wallet user base of more than 300 million.

Hotels to restaurants, aggregators' discounts come home to bite

Hotels to restaurants, aggregators' discounts come home to bite

Rediff.com12 Jan 2019

As regular promotional discounts and offers rolled out by well-funded apps determine the demand trend, online hospitality aggregators face growing discontent from restaurants and hotels over commissions and pricing power.

As car sales skid, auto part makers are also in the slow lane

As car sales skid, auto part makers are also in the slow lane

Rediff.com26 Dec 2018

Issues like high insurance cost and the announced price hike effective January could also weigh on sales in 2019. The only bright spot is the softening seen in fuel prices over the past month.

'Online tourism is growing 15%, 16%'

'Online tourism is growing 15%, 16%'

Rediff.com18 Dec 2018

'Tourism is growing between 10% to 12%.'

Brakes on sales figure of Maruti Suzuki

Brakes on sales figure of Maruti Suzuki

Rediff.com17 Dec 2018

The slowdown in growth is an industry-wide trend and companies are adjusting production to bring down the inventory levels at plants as well as dealerships.

Which is going be the biggest hotel complex in India?

Which is going be the biggest hotel complex in India?

Rediff.com12 Dec 2018

Dipak Haksar, bottom, left, chief executive, ITC Hotels and WelcomHotels, tells Ajay Modi that FY19 is going to be a year of strong growth, and tariffs are likely to see a substantial improvement in the fourth quarter

Why passenger vehicle sales skid over 3% in November

Why passenger vehicle sales skid over 3% in November

Rediff.com11 Dec 2018

Large number of buyers has put purchases on hold because of a combination of factors, including high fuel prices, higher insurance cost, and firm interest rates.

Cars that will cost more from January

Cars that will cost more from January

Rediff.com29 Nov 2018

Market leaders Maruti Suzuki and Hyundai, who together control two-thirds of the domestic market, have not yet firmed up a decision on raising prices.

Auto sales figures present worrying picture

Auto sales figures present worrying picture

Rediff.com28 Nov 2018

Factors like high fuel prices, higher insurance cost and firm interest rates kept buyers away, especially in case of passenger vehicles.

Motorcycles vroom past scooters on strong rural demand

Motorcycles vroom past scooters on strong rural demand

Rediff.com22 Nov 2018

The key beneficiary of this expansion in the motorcycle market happens to be Bajaj Auto.

E-travel firms to top $10 bn bookings in FY19

E-travel firms to top $10 bn bookings in FY19

Rediff.com21 Nov 2018

The increase in bookings has also meant a significant reduction in overall costs for the online travel agencies and a consequent narrowing of losses.

NGT asks Volkswagen India to deposit Rs 100 cr for flouting emission norms

NGT asks Volkswagen India to deposit Rs 100 cr for flouting emission norms

Rediff.com17 Nov 2018

However, the company has claimed its vehicles are 'compliant' with the country's emission norms and that it will 'challenge' the tribunal's order.

BS VI emission norms may lead to death of diesel cars

BS VI emission norms may lead to death of diesel cars

Rediff.com17 Nov 2018

From April 2020, manufacturers will have to hike prices of diesel cars sharply to accommodate the costs incurred in the transition to BS VI emission norms, and widening the gap between a diesel and petrol car.

Oyo appoints ex-IndiGo chief Aditya Ghosh as new CEO

Oyo appoints ex-IndiGo chief Aditya Ghosh as new CEO

Rediff.com16 Nov 2018

Ghosh, 43, will be reporting to 25-year-old Ritesh Agarwal, who founded OYO with a single hotel in 2013.

Shareholders force head honchos of Apollo Tyres to take pay cut

Shareholders force head honchos of Apollo Tyres to take pay cut

Rediff.com14 Nov 2018

The move comes after Neeraj Kanwar's reappointment as managing director was rejected by minority shareholders owing to his salary, which increased in spite of a fall in the company's profitability.

Have mid-sized sedans reached the end of the road?

Have mid-sized sedans reached the end of the road?

Rediff.com14 Nov 2018

With multiple options in the compact sport utility vehicle (SUV) and compact sedan space, the mid-size sedan seems to be losing its charm among customers.

Two--wheeler firms hope Diwali will put the sparkle back in sales

Two--wheeler firms hope Diwali will put the sparkle back in sales

Rediff.com3 Nov 2018

Navratri and Onam saw flat sales, but industry hopes to turn the corner with a cracker of a Diwali.

States where Brand Nano is still alive

States where Brand Nano is still alive

Rediff.com29 Oct 2018

Tata Motors, however, will not be able to meet this small demand and keep the Nano alive from October next year, when safety regulations for existing car models kick in.

September sees car sales fall for 3rd consecutive month

September sees car sales fall for 3rd consecutive month

Rediff.com15 Oct 2018

Scooters, once the fastest growing sub-segment, also declined for the second consecutive month in September.

Budget hotels beat 5-star peers in revenue growth

Budget hotels beat 5-star peers in revenue growth

Rediff.com27 Sep 2018

The data shows the average room rate of two-star hotels increased by 8.5 per cent in FY18, even though it lagged on occupancy at 61.8 per cent, down 1.4 per cent year-on-year

Post fundraising, OYO's estimated value is pegged at $5 billion

Post fundraising, OYO's estimated value is pegged at $5 billion

Rediff.com26 Sep 2018

This e-series funding round also makes OYO the most valued hospitality company in the country, ahead of the Tata group's Indian Hotels Company, which owns the Taj brand of hotels, and EIH, which owns the Oberoi brand of hotels.

Hyundai overtakes Ford as India's top car exporter

Hyundai overtakes Ford as India's top car exporter

Rediff.com22 Sep 2018

So far, the current year has not been great for the leading car exporters from India. In the top five list of exporters -- Hyundai, Ford, Maruti Suzuki, General Motors and Volkswagen -- it is only Hyundai which is clocking a growth.

The 39 year old who wants to make Audi No 1 again

The 39 year old who wants to make Audi No 1 again

Rediff.com18 Sep 2018

'To become more Indianised we had to be more colourful,' Rahil Ansari, Audi's India head, tells Ajay Modi.

After 35 years, Maruti to relocate its Gurugram plant

After 35 years, Maruti to relocate its Gurugram plant

Rediff.com14 Sep 2018

The carmaker has sought 1,292 acres at Industrial Model Township, Sohna, 25km from Gurugram.

How globe trotting Indians are writing this firm's success story

How globe trotting Indians are writing this firm's success story

Rediff.com6 Sep 2018

Of the 23 million visas processed by VFS in 2017 calendar year, one fifth were in India, making it the company's biggest market.

Honda Amaze is now the 2nd-biggest model in the compact sedan space

Honda Amaze is now the 2nd-biggest model in the compact sedan space

Rediff.com31 Aug 2018

India is the first country to launch the second generation Amaze and the car has been developed considering the needs and aspirations of Indian customers

Buying a car has become a high-tech affair in India

Buying a car has become a high-tech affair in India

Rediff.com28 Aug 2018

Customers, instead of visiting showroms, now do most of their decision-making in the comfort of their drawing rooms using internet

Why Fiat Chrysler's ambitious India plan went for a toss

Why Fiat Chrysler's ambitious India plan went for a toss

Rediff.com24 Aug 2018

The April-June quarter of 2018 happens to be the weakest for the Jeep since the launch, making it evident that it is not easy for a carmaker to sustain growth with a single product.

US becomes 2nd-biggest market for Made in India cars

US becomes 2nd-biggest market for Made in India cars

Rediff.com20 Aug 2018

India has exported passenger vehicles worth $268 million to the US in three months ended June

Hero MotoCorp rides into used two-wheeler business

Hero MotoCorp rides into used two-wheeler business

Rediff.com17 Aug 2018

Hero Sure helps the customer get the best price for his vehicle on the basis of a transparent evaluation process.

How Hilton plans to spread its wings in India

How Hilton plans to spread its wings in India

Rediff.com15 Aug 2018

Hilton has also hired Mallika Rao Bedi, former head of human resources at Oberoi and Trident Gurugram, as its regional head of human resources (Asia Pacific).

The Oberoi is yet to get its glory back!

The Oberoi is yet to get its glory back!

Rediff.com10 Aug 2018

An industry executive said The Oberoi had a lot of C-Suite guests and most such companies decide to give a new or renovated property some time to stablise before they start booking.

EcoSport success puts Ford on fast track to SUVs

EcoSport success puts Ford on fast track to SUVs

Rediff.com28 Jul 2018

EcoSport accounts for almost 40 per cent of the cumulative one million units sold by Ford in India till date, which is a reason why more than half of its future launches could be SUVs.

Hotels see demand boom, but struggling to hike room rates

Hotels see demand boom, but struggling to hike room rates

Rediff.com24 Jul 2018

Hoteliers are tweaking their pricing strategies to adjust to the new stickiness in the market.

At $277 million, Bangladesh is India's biggest two-wheeler export market

At $277 million, Bangladesh is India's biggest two-wheeler export market

Rediff.com20 Jul 2018

Indian two-wheeler majors Hero MotoCorp and Bajaj Auto are the biggest beneficiaries of this surge and, between the two, they are estimated to control about half of the local market there

How much do CEOs of top auto companies earn?

How much do CEOs of top auto companies earn?

Rediff.com19 Jul 2018

Pawan Munjal, chairman and managing director of Hero MotoCorp, the country's biggest two-wheeler maker, leads the pack among automobile CEOs.

Hyundai will drive into new 'pollution-free' office in 2020

Hyundai will drive into new 'pollution-free' office in 2020

Rediff.com17 Jul 2018

The two-acre office complex under construction on the outskirts of Delhi will be home to about eight hundred company executives. Special care is being given to air purification and the building will be equipped with a three-stage air filter system.

Harley-Davidson suffers flat tyres in India

Harley-Davidson suffers flat tyres in India

Rediff.com13 Jul 2018

he company has not put in place a full-time managing director for the past one and half year after the exit of Vikram Pawah in January last year.

A 'bitter pill' for India's sugar industry

A 'bitter pill' for India's sugar industry

Rediff.com12 Jul 2018

Industry staring at a record surplus by next year

Will Taj Mansingh find a suitor this time?

Will Taj Mansingh find a suitor this time?

Rediff.com4 Jul 2018

Hotel companies said the conditions are not investor friendly and making money on the property could be tough in the initial years.

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