Companies such as Tata Motors, Mahindra & Mahindra, TVS Motor Company, Hero Motocorp, Bajaj Auto and Maruti Suzuki, for whom Sri Lanka is a key export destination, are experiencing a significant slowdown in demand following the import duty hikes, which have made their vehicles very expensive in the island nation.
Analysts say models that recorded healthy demand earlier are now luring customers with discounts and consumer benefit schemes.
Move made to allign its production with sales demand
Tesco, which has a franchise agreement with Trent Hypermarkets for the latter's back-end operations, is believed to be interested in investing in those hypermarkets
Even as it is struggling to run its existing plants at half their capacity, due to dwindling sales, Ford India is pressing ahead with its Rs 4,000-crore vehicle and engine plant in Gujarat.
FMCG giant HUL sold or leased its landmark commercial properties, including its former headquarters, last year.
To operate large wholesale markets and imports.
Amid stalled wage renewal talks, union functionary suspended, triggering work stoppage.
Workers at utility vehicle major Mahindra & Mahindra's Nashik facility on Tuesday issuing a notice to the management to go on strike on or after March 11, if their demands for higher wages were not settled by the company.
A day after the Budget, the industry estimates the sale of affordable homes could increase up to 20 per cent this year due to an additional exemption granted to first-time buyers.
An interest rate cut, at a time when demand was not showing any sign of revival, would boost sentiments, especially for interest-rate sensitives like the car and real estate sectors, which had been showing negative growth, a majority of the 15 CEOs polled by Business Standard said.
Like other food and grocery chains, Birla Retail is aggressively pushing its private labels and large packs to woo customers. Besides offering value, private labels push retailers' margins.
Tata Motors, India's largest car maker by revenue, is exploring the possibility of adding more models to the production line at its Sanand plant in Gujarat.
Land parcels acquired for 58 new projects, which are yet to be launched.
Fast growth in organised retail and opening of new malls and stores have raised attrition levels at the shop floor to alarming levels of eight per cent a month, or 96 per cent a year.
They plan to cut shop sizes and look at opening standalone stores after years of losses.
Mounting debt, slowing sales, and rising inventory were at the heart of HDIL's woes.
Industry estimates R-Day sales are eight times the usual for big retailers.
The demand for diesel cars, which account for 58 per cent of passenger vehicle sales in India every month, has seen a steep rise, as manufacturers continue to introduce variants that have diesel engines.
The retailer is looking at a break-even this year.
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