Customers who still want to go in for a loan are opting either for longer maturity plans or making higher upfront payments to control their monthly outgo on loan repayments.
Vijay Mallya-promoted Kingfisher Airlines's international service, which is expected to start by January 2008, will be staffed entirely by foreign cabin crew.
Sources close to the development reveal that after hectic negotiations and several rounds of meetings, the choice of brand was a unanimous one.
Maruti Udyog, which controls more than half of the country's passenger car market on the strength of its dominance in small cars, has embarked on a strategy to increase its share in the bigger car segments.
With consumer preferences swiftly shifting to cars, the two-wheeler market is expected to decelerate in two or three years, after a dream run of over a decade.
Indian aviation academies are setting up training facilities abroad where they can churn out pilots as quickly as in eight months, compared to almost two years that it takes in India.
BMW, the German luxury carmaker, plans to take on its Asian rivals - Toyota, Honda, Hyundai - with the core strategy of making customised cars from its flexible production lines to stay ahead in its century-old luxury marquee business.
The price war in the motorcycle market is all set to worsen with large production capacities at tax-free locations in the north ready to go on stream.
Pilot shortages are not restricted to airlines only. Even the corporate sector and private chartered operators are feeling the pinch.
Sales of passenger vehicles in India are likely to grow at 14.9 per cent each year to touch the 2.1 million mark by 2010.
In 2006, components worth $2 billion, around Rs 90,000 crore were exported by Indian companies, 75 percent of which were bought directly by car companies.
In the last two months, two-wheeler sales dropped to single digit (7 percent) compared with an average annual two-wheeler sales growth of over 14 percent (between April-December 2006).
The Society of Indian Automobile Manufacturers will shortly setup Asia's first 'online university' to cater to the education needs of the booming automobile sector fraternity.
The Tatas sold over 14,466 Indica cars, which was slightly lower than the sales of 14,592 units of the Santro hatchback in January.
Mitsubishi Motors will be strengthening its position in the high growth sports utility vehicle market by launching the all-new Outlander in early 2008.
The Re 1 cut in diesel prices could lead Railway Minister Lalu Prasad Yadav to announce a reduction in passenger fares in the forthcoming Railway Budget.
SMILP, despite having an installed capacity to manufacture 100,000 vehicles, sold a little over half that number between April and December last year and 5,753 units in January 2007.
Expecting fierce competition in diesel cars, Tata Motors will launch an all-new generation of Indica cars from a new platform.
Once ICICI Bank, the market leader, announces the new rates, other banks too are likely to revise their automobile loan rates.
Maruti contributed over 29 per cent of Suzuki's net profit in April-December 2006, though it accounted for less than 7 per cent of its turnover.
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