The diesel car becomes too expensive with BS-VI and market assessment says the customer will not buy it at that price, says R C Bhargava, chairman, MSIL. He expects buyer preference to change swiftly in favour of petrol, CNG, and other alternative technologies.
It came on the back of tepid dispatches in the March quarter as consumer sentiment took a knocking, owing to uncertainty ahead of the general election.
Cumulative sale at India's top six passenger vehicle (PV) makers dropped 0.7 per cent to 267,000 units, from 269,000 a year before.
Falling incomes and longer winter to translate into lower demand for at least some months.
Barely a month after breaking covers, the models -- the Jawa, the Jawa 42 and the Perak -- were sold out, reports Shally Seth Mohile.
The Rs 17.70-lakh Honda Civic competes with the Skoda Octavia, Toyota Corola Altis and Hyundai Elantra.
At a price starting from Rs 849,000 and going up to Rs 12.14 lakh, the XUV300 competes with the Maruti Brezza, Tata Nexon, Ford EcoSport, and Honda WR-V.
Typically, about four to six weeks ahead of the polls, activity in the property market picks up as politicians begin to pull out their money parked in real estate. But this time, it's all quiet till now in real estate so far.
Cumulative sales of India's top passenger vehicle makers -- Maruti Suzuki, Mahindra and Mahindra, Tata Motors, Honda Cars, and Toyota Kirloskar -- increased to 206,418 units in February over 200,322 units in the same month last year, an increase of 3 per cent.
Mahindra launches e-mobility platform 'Glyd' to take on Ola, Uber. Targeted at office-going executives, it offers web-conferencing, curated entertainment and music content from selective partners.
The new scheme may link the incentives to the battery power - higher the power, higher the incentive and most electric two-wheelers running on Indian roads use low power and fast charging batteries.
The transaction - the second one in less than a year - is seen as an effort to restore investor faith in the company following a dismal performance by its UK subsidiary, Jaguar Land Rover Automotive.
The trend is expected to gain momentum as global vehicle makers in India, particularly from Japan, ride on hybrids to meet the more stringent fuel efficiency norms that take effect in 2022.
Despite the romance around the car and its early models, Fiat in India will also be remembered as a brand that frittered away the first mover advantage, says Shally Seth Mohile.
While the entry of 62-year-old Noel Tata, half brother of Ratan Tata, into Tata Trusts is being seen as a significant departure from the past within the salt-to-software conglomerate, Jehangir, a long-standing philanthropist is expected to add heft to Tata Trusts.
How unbranded hotels are hitching a ride on branded ones for growth. Overall, India's hospitality market has seen close to 7,133 hotel rooms being converted into organised, branded space over the last 36 months, said Jain.
The problem, says Chandrasekaran, arises from the lack of access to services, including healthcare, education and financial services.
'Even among scientists and technology mavens -- typically communities that tend to view the world through the lens of logos or reason and not mythos, there is a shiny-eyed enthusiasm for the mythical world,' says Arundhuti Dasgupta.
Dealers attribute the sluggishness in sales to distress in rural India as well as tepid sentiment in urban markets.
If one leaves aside 2016, when sales declined 4.68 per cent, the pace of growth in 2018 is the slowest in a decade, according to IHS Markit, a sales forecast and market research firm.
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