An increase in sales across all categories in the automobile industry, has made need for higher working capital inevitable.
One thing is certain: The part-Goan, part-Malayali group CEO of Air Asia is not your usual boardroom CEO, and he cultivates the maverick businessman image, buying race car teams and football clubs and taking off-beat bets with his mentor and now buddy Richard Branson of Virgin.
Toyota's India unit will also source two cars manufactured by Maruti Suzuki, the Baleno and Brezza, including their hybrid variants, and in return Toyota will offer its Corolla sedan to Maruti.
Kardassis, who quit the airline in 2013, will advise Goyal and senior management on cost-saving and productivity improvement
IndiGo and other airlines have said they are improving their staff training, looking at better ways of communication and customer awareness on operational matters.
Despite a rise in input costs, leading car-makers refrain from hiking their price.
Maruti launched the Baleno in May 2016 and the new Swift in February this year
A series of flip-flop on policies and a non-existent charging infrastructure are the biggest challenge in achieving the target of selling 6-7 million hybrid and electric vehicles by 2020.
Though Hero still leads by a wide margin in annual and monthly sales, for the first time, Honda has considerably bridged the sales gap with the Pawan Munjal-led firm in April lagging only by 12,134 units
A resurgent SpiceJet is spreading its wings and Vistara is set to challenge Jet on long-haul routes in the coming years.
The government proposes to divest 76 per cent of Air India, along with its shareholding in Air India Express and its ground-handling subsidiary, AISATS.
Aditya Ghosh, with no prior aviation background or MBA degree, managed not only to become the CEO of an airline but even piloted it to the top with almost half of the market.
The Tata Group has close to 110 companies and Chandrasekaran plans to bring this number down to around five or six.
The new tax regime has also been fuelling sale of SUVs, particularly the compact SUVs
'Tata A&D, when formed, will be better equipped to execute larger and more complex projects and be more globally competitive as part of the global supply chain.'
The next step is the charter, which aims to safeguard consumer rights and address criticism about the government not doing enough for passengers.
The move is prompted by the disruption in the car usage pattern caused by the app-based ride-hailing companies such Ola and Uber
If the government is asking a maximum price for Air India but asks to keep old personnel, it will not match.
With 15% customs duty hike on locally assembled vehicles, it is cheaper to import from Thailand, says India MD
Whether it is protecting its turf in its core utility vehicle segment through new model launches, or stepping up investment in electric vehicles, the Anand Mahindra-led firm is leaving nothing to chance
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