While the slowdown in the domestic economy and a ban on mining has sharply impacted the demand for medium and heavy commercial vehicles, sales of LCVs rose 15.61 per cent to 378,509 units between April and December, driven by need for products for last mile transportation.
Home-grown automobile major Mahindra & Mahindra, whose sales are predominantly driven by diesel-powered utility vehicles, has said an increase of Rs 5 a litre in the price of the fuel or a differential of up to 20 per cent with petrol price will not impact vehicle sales.
Agenda for FIPB meeting on Jan 18 doesn't mention its application.
DEA official writes to DIPP suggesting that govt needs to understand what has been left out, and why, in the revised application of the retailer.
Auto makers step up efforts export cars and offset adverse impact of foreign exchange fluctuations.
Divestment in top PSUs could make the ETF as big as Rs 30,000 crore.
Masood Imad, media secretary to the Maldivian President, says: "We have asked MACL to hire a firm like KPMG to conduct a forensic audit of the firm's accounts.
Did GMR Infra get a sweet deal from former Maldivian president that turned sour as a new government came to power?
At a time when diesel-powered vehicles have been driving sales in the country's otherwise sluggish automobile market, the industry has been hit by a double whammy.
Action is hotting up in the telecom space, with Russian giant Sistema in preliminary discussions with Aircel to pick up an equity stake.
Though reserve for CDMA, there were no bidders for the spectrum in the recent auction. GSM operators could buy it to launch 4G and 3G services.
A large migrant population, better law and order situation made the state attractive.
The companies continue to see heavy demand in utility cars.
Multiple disputes to ensue; auction begins today, but will do little to quell uncertainty.
The sacked workers have constituted a seven-member provisional working committee.
After refarming, over 142.5 MHz of spectrum is expected to be available for auctioning next year.
Firms are enthused at passenger vehicle numbers but high interest rates a problem.
Govt to bear Rs 12k-cr cost of spectrum retention but without any cash outgo put up for Cabinet nod.
After splitting with Honda, the company is working on developing it own intellectual property.
Lower minimum area of land required for multi-product SEZs to 250 hectares from 1,000.
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