If a committee set up under the heavy industries ministry approves a recommendation of the auto industry, the country may soon get a scheme, which would incentivise a vehicle buyer for scrapping his old vehicle in exchange.
Most manufacturers, including Tata Motors, Mahindra & Mahindra, Ashok Leyland, Bajaj Auto, TVS Motors and Hero Honda are already working on advanced indigenous technologies to build greener vehicles.
The exit of the big movers has meant more opportunities for local players such as Nambiar Finance, which is just one of the 1,465 non-deposit-taking NBFCs registered with the Mumbai office of the Reserve Bank of India.
Pulsar's new variant, to be unveiled next week, will retain the looks of a big bike, but the engine will be 135 cc. Bajaj Auto is launching yet another variant of Pulsar, its highest selling bike, next Wednesday.
A year later, armed with chipping hammers and electric drills, labourers are still working round-the-clock so that what was once the city's most elegant destination for a drink reopens this Monday.
The company decides to launch premium, entry-level bikes after competition hits high gear.
If you were planning to spend Christmas or New Year's Eve at exotic locations in Goa or Kerala but haven't done the required bookings for it yet, chances are that you can't go.
Manufacturers report unexpected post-festival surge in demand.
Small cars account for 80 per cent of the domestic market
Senior officials of Nissan Motor stated that the company had largely frozen the design and concept of the sedan, which will be positioned as a premium product that would perhaps take on the likes of Chevrolet Cruze, Honda Civic and Toyota Corolla Altis.
Pressure is mounting on Honda Motorcycle and Scooters India, India's fourth biggest two-wheeler maker by volume, to resume normal supplies of scooters and motorcycles to its dealers, who are forced to ask customers to wait for up to four-five months for delivery.
Although most companies had geared for increased production at their plants, most say the surge in demand was unexpected, partly driven by yesteryear purchases which had been postponed earlier due to lack of funds.
The base variant of Rio will be priced at Rs 5 lakh (Rs 500,000), making it 30 per cent cheaper than its nearest competitor and the launch will take place this month after Diwali.
Affluent Indian automobile buyers may get another brand to choose from. Nissan, Japan's third largest carmaker, is looking at the possibility of launching Infiniti, a luxury brand owned by it, in India. Known for its luxurious features and power-packed driving characteristics, Infiniti is a premium brand which competes with benchmark ones globally such as Mercedes, BMW, Porsche, Audi and Accura.
Renault and Nissan's decision to launch their own compact cars is independent of a tie-up with Pune-based motorcycle maker Bajaj Auto to develop a low-cost car that is expected to debut in 2011. A formal joint venture agreement is yet to be signed among the partners, though work on the small car is progressing at a slower pace.
John Brumby, Prime Minister of the state of Victoria in Australia, decided to cancel his scheduled trip to Mumbai after a detailed advisory issued first by the US and then by Israel, which said terrorists are planning attacks in India.
Second hand demand entirely for the top-end LX variant
Global motorcycle majors find a surging response.
Under the scheme, the government provided incentives of $1,000-5,600 directly to those buyers who were willing to trade their old, gas-guzzling vehicles for new, fuel-efficient vehicles. Indian auto bigwigs, including Tata Motors and Mahindra & Mahindra, among others, through the association of the Society of Indian Automobile Manufacturers (Siam), had approached the government to implement a similar programme. However, they are yet to succeed.
Prices of key inputs up 44% to 74%; analysts expect earnings squeeze after a quarter or two.
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