An increase in sales across all categories in the automobile industry, has made need for higher working capital inevitable.
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.
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
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 move is prompted by the disruption in the car usage pattern caused by the app-based ride-hailing companies such Ola and Uber
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
Korea's second-largest automaker and Hyundai's sister company showcased a line-up of 16 models from its global portfolio at the ongoing Auto Show
Tata Motors aims to address 95% of passenger vehicle market by 2020
The number of contributors was 46.4 million in July and 44 million in September.
7,000 unemployed pilots in India but airlines continue to bet on expats
Indian fliers regularly face issues like lost baggage, refund on cancellation and harassment by staff at airports
New rules will unnecessarily make the airlines responsible for reasons beyond their control
Shareholders feel Cyrus Mistry is slowly slipping into Ratan Tata's shoes
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