All stories by Shally Seth Mohile
20-25% of Hotels may Close Down ForeverRediff.com16 Jul 2021
'On an average we have been getting four to five such proposals a month, but we aren't pursuing them as they don't tick the boxes.'
Chip shortage throws a spanner in JLR's plansRediff.com7 Jul 2021
Tata Motors has halved the volume outlook for its UK subsidiary Jaguar Land Rover Automotive (JLR) and warned of lower earnings as it sees the semiconductor shortage deepening in the September quarter of the current financial year, according to a notification issued by the company to the stock exchanges on Tuesday. The announcement caught investors unawares. They were hoping for a quicker recovery. Tata Motors' stock tanked 13 per cent (on July 6) from the day's high of Rs 358.10 and hit the lower circuit (Rs 311.45) in intra-day trades.
Dad steps down, Jayadev Galla helms Amara RajaRediff.com15 Jun 2021
'I have personally been very keen on investing in lithium ion battery technology for some time.'
As states unlock, auto sales may take the fast lane in 2 monthsRediff.com9 Jun 2021
Auto sales, particularly of two-wheelers, may not bounce back immediately and may take another two months to come back on track even as car bookings have started seeing an initial uptick. Various states started Unlock 2.0 on Monday, following a fall in the number of Covid-19 cases. Auto sales were hit in May following the impact of Covid-led lockdowns.
Five-star hotels line up special menus to beat Covid bluesRediff.com20 May 2021
In 2020, after the outbreak of the Covid-19 pandemic, several five-star hotel chains commenced home delivery of food as a lot of people preferred to stay indoors. A year later, as the Covid situation worsens, such hotels are going the extra mile to cater for the gastronomical needs of their customers. With health, nutrition, and immunity occupying the mind spaces, these hotels are crafting menus that are not only high on health quotient, but also have food capable of improving the mood. The move, they hope, would help them get more customers as prices are also competitive.
Covid-19: India's auto component makers brace for a bumpy ride aheadRediff.com17 May 2021
Auto component makers in India are bracing for a tough time. High absenteeism among workers owing to Covid-19, shortages of critical parts, and temporary closures of plants by automobile manufacturers have thrown a spanner in the works for the Rs 3.2-trillion sector, which derives 60 per cent of its revenues from automobile original equipment manufacturers (OEMs), with the balance split equally between replacement demand and exports. Car market leader Maruti Suzuki India on Saturday said it was extending the maintenance shutdown, which was from May 1 to 9, till May 16, "keeping in view the current pandemic situation". Some activities will continue in the plants.
Korean Auto firm Kia unveils a new brand identity in IndiaRediff.com28 Apr 2021
Close to 60 per cent models that Kia sells in India are top trims of the models. In line with its global strategy, the India arm of South Korean major Kia has dropped 'Motors' from its name. This is to reflect the transition from an automaker to a provider of advanced and eco-friendly mobility solutions, the company said. With a new brand identity and slogan, the fourth-largest car maker in India by sales aims to accelerate growth and strengthen its premium positioning.
General Motors Employees Union challenges layoff of 1,419 at TalegaonRediff.com20 Apr 2021
GM cites global pandemic as reason for the step. Firm had stopped selling cars in India in 2017 and stopped production completely on December 24, 2020.
Maha lockdown: Auto plants in state scale down operationsRediff.com16 Apr 2021
On Day One of the lockdown announced by the Maharashtra Government, it wasn't business as usual for automobile manufacturing units in the State. Confusion prevailed over regulations-what is allowed and what isn't. While some units ran with less than half the workforce, others sought clarity from the government on what is permissible and what isn't.
Auto sales stand at six-year low, shows SIAM dataRediff.com13 Apr 2021
The five-year (2015-16 to 2020-21, or FY21) compound annual growth rate (CAGR) of the overall auto industry is now negative at 2 per cent, against 5.7-per cent growth it saw in the previous five years (from 2010-11 to 2015-16).
Vehicle registration falls 28.64% YoY in March despite low base: FADARediff.com9 Apr 2021
The lockdown in Maharashtra will have a catastrophic impact on April sales, as dealers will not be able to realise the potential of festivities like Ugadi, Gudi Padwa, Baisakhi and Poila Boishakh.
Anish Shah is new MD-CEO of Mahindra groupRediff.com27 Mar 2021
When Anand Mahindra becomes non-executive chairman in November, Shah will become the first professional MD and CEO in the history of the Mahindra group to have a complete oversight of and responsibility for the Mahindra group businesses.
Marriott hotels to add 7 new properties in IndiaRediff.com21 Mar 2021
Marriott International is looking to make deeper inroads into leisure destinations as it seeks to make the most of domestic travellers' pent-up demand, said the company's top official. The world's largest hotel operator will add seven new properties in India in 2021, five of which will be in leisure locations - two in Goa, and one each in Mahabaleshwar, Thiruvananthapuram, and Dehradun.
Suzuki Motor charges up for EVs, spells out strategy for the first timeRediff.com10 Mar 2021
Recently, Suzuki Motor Corp (SMC) in an investor presentation expressed strong intent to enter the electric vehicle (EV) space. This is part of a larger strategy the Hamamatsu-based firm has drawn up in developing electrification of technologies as it seeks to achieve carbon neutrality. The significance of this presentation is that it marked the first time that the Japanese carmaker spelt out its EV strategy with well-defined timelines. SMC plans to develop electrification technologies by 2025, fully implement them in products from the same year, and make a full-scale quantitative increase from 2030.
Honda's scooter sales back in the fast lane after a steep declineRediff.com9 Mar 2021
The local arm of the Japanese two-wheeler manufacturer accounts for every second scooter sold in India.
Why are luxury carmakers bullish on India?Rediff.com13 Feb 2021
Mercedes-Benz India, BMW India and Audi India have lined up over 50 new model launches as they seek to recoup previous year's loss in volumes, reports Shally Seth Mohile.
'Budget should focus on making manufacturing competitive'Rediff.com29 Jan 2021
'It has the potential to add half a trillion dollars to the economy over the next five years.'
Long, winding road ahead for electric cars in IndiaRediff.com27 Jan 2021
The electric vehicle evolution in India's passenger vehicle market has remained frozen in time and may see limited adoption over the next decade, experts say.
Mercedes to launch 15 new models in IndiaRediff.com21 Jan 2021
The Three-Pointed Star also unveiled its 2021 motto coined as 'Reimagining Excellence', which aims at making the brand more desirable and drawing customers closer.
Mahindra lays off two-thirds of staff at its North American subsidiaryRediff.com14 Jan 2021
Firm attributes move to pandemic and legal spat with Fiat Chrysler, says it is in line with group's strategy to re-think capital allocation and drive efficiency.