The exercise part of drive to combine operations under single firm.
If a committee set up under the heavy industries ministry approves a recommendation of the auto industry, the country may soon get a scheme, which would incentivise a vehicle buyer for scrapping his old vehicle in exchange.
It not only wants the ministry of petroleum and natural gas to rework the under-recovery figure for the current year but has also decided to look at the issue of oil subsidies only in February 2010, when the next Budget will be announced.
Most manufacturers, including Tata Motors, Mahindra & Mahindra, Ashok Leyland, Bajaj Auto, TVS Motors and Hero Honda are already working on advanced indigenous technologies to build greener vehicles.
They want more cash, forex, higher bond coupons and increase in market prices for petrol, diesel, LPG.
The exit of the big movers has meant more opportunities for local players such as Nambiar Finance, which is just one of the 1,465 non-deposit-taking NBFCs registered with the Mumbai office of the Reserve Bank of India.
Pulsar's new variant, to be unveiled next week, will retain the looks of a big bike, but the engine will be 135 cc. Bajaj Auto is launching yet another variant of Pulsar, its highest selling bike, next Wednesday.
A year later, armed with chipping hammers and electric drills, labourers are still working round-the-clock so that what was once the city's most elegant destination for a drink reopens this Monday.
The company decides to launch premium, entry-level bikes after competition hits high gear.
If you were planning to spend Christmas or New Year's Eve at exotic locations in Goa or Kerala but haven't done the required bookings for it yet, chances are that you can't go.
Financial losses at nearby units in crores, air quality severely affected
Manufacturers report unexpected post-festival surge in demand.
A government that limits its role to regulation would be a great enabler for agricultural growth.
Small cars account for 80 per cent of the domestic market
Reliance Industries Ltd has decided not to use its allocation of gas from the Krishna-Godavari basin's D6 field for petrochemical production; it will, instead, swap it with gas available from other sources. It will use D6 gas only for power generation.
Senior officials of Nissan Motor stated that the company had largely frozen the design and concept of the sedan, which will be positioned as a premium product that would perhaps take on the likes of Chevrolet Cruze, Honda Civic and Toyota Corolla Altis.
Pressure is mounting on Honda Motorcycle and Scooters India, India's fourth biggest two-wheeler maker by volume, to resume normal supplies of scooters and motorcycles to its dealers, who are forced to ask customers to wait for up to four-five months for delivery.
Although most companies had geared for increased production at their plants, most say the surge in demand was unexpected, partly driven by yesteryear purchases which had been postponed earlier due to lack of funds.
The government may consider a public-private partnership (PPP) mode for setting up national gas highways to ensure distribution across the country.
The base variant of Rio will be priced at Rs 5 lakh (Rs 500,000), making it 30 per cent cheaper than its nearest competitor and the launch will take place this month after Diwali.
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