The Mumbai-based company is simultaneously working on concepts such as full hybrids, battery-powered powertrains, bio-diesel, fuel-cells and hydrogen-powered engines. Some of these vehicles will be ready for launch by 2015, according to the company whose 99 per cent of products are driven by diesel engines today.
The last week of March saw a series of new refining capacity going on stream. HPCL-Mittal Energy, Essar Oil and Mangalore Refinery & Petrochemicals (MRPL) were able to announce completion of capacity additions a couple of days before the seven-year tax holiday in this regard came to an end, on March 31.
ONGC to take biggest hit of Rs 4,600 crore, followed by Cairn India and Oil India.
The government's plans to reign in petroleum subsidies to plug the fiscal deficit next financial year are in jeopardy, as a whopping Rs 2.13 lakh-crore revenue loss is expected at the current levels of global crude oil prices and domestic retail prices of controlled products.
Absence of diesel options, economic slowdown hurt sales
The two government upstream companies, along with GAIL, make good a third of the losses made by government oil marketing companies.
Nissan Motor Company may have missed the boom in small cars in India. But the third-biggest Japanese car maker is confident of shoring up volumes, as it works on several small car projects simultaneously.
Food inflation has entered negative territory but consumers have had no respite on cost of living.
Jaguar Land Rover (JLR) -- the two premium brands owned by Tata Motors, India's largest automotive company -- will tighten up frivolous expenditure to contain cash in a slowing automotive market.
The Mumbai-based entity has yet to apply for a re-certification for federal emissions with the Environmental Protection Agency of the American government.
Almost all star-rated hotels in the tourist hotspots of Goa, Kerala and Rajasthan are reporting total sellout of room inventory for New Year's Eve, even though hospitality rates for that period have been more than doubled.
Petroleum secretary G C Chaturvedi said the arbitration notice grants a time of up to a month to respond and there was no hurry.
The consumption of petroleum products in India is growing at a rate much lower than the conservative projection of 4.58 per cent made for this year by the Petroleum Products Planning and Analysis Cell (PPAC), a wing of the petroleum ministry.
MSIL, India's biggest car maker, said it was in advanced talks with Fiat to ink a diesel engine sourcing contract that would allow it to rapidly increase diesel model supplies into the market.
Seeks deferred payments for domestic purchases, dollar window.
High lending rates, fuel prices, higher input costs and labour trouble impact profitability.
Burgeoning demand for spacious people movers in India has led Ashok Leyland, a medium and heavy truck builder, to plan on developing a utility vehicle to take on the likes of Toyota Innova, India's largest selling multi-seater personal vehicle.
Days after a Rs 3 per litre rise in petrol prices, it is the turn of compressed natural gas. Indraprastha Gas (IGL), monopoly marketer of CNG in and around this metropolis, is looking at raising the price by up to six or seven per cent (Rs 2 per kg) sometime next week, due to higher cost on account of a weakening rupee.
With the government preparing to restrict the number of subsidised cooking cylinders, oil marketing companies have launched a 'transparency' portal that allows customers to keep an eye on the number of cylinders sold in their account by the dealer.
Following decontrol of its price, the consumption of petrol is rising at a much slower rate than used to be the case.
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