Welcome to the world of Kanak Gogoi, an entrepreneur based in Guwahati, who has over a dozen innovations to his credit ranging from gravity-operated bicycle to a car which can run on air.
Toyota Motor Corporation, which runs its Indian operation through a joint venture -- Toyota Kirloskar Motor -- with the Kirloskar Group, is constructing the second plant at its Bangalore facility with an investment of Rs 3,200 crore (Rs 32 billion) to manufacture the small car.
The company, which is part of French auto giant Renault Group, showcased on Wednesday three electric vehicle models and announced plans for a concept car at the ongoing Tokyo Motor Show.
Prius is the highest selling hybrid model of TMC with a cumulative global sale of over 1.4 million units since 2000.
Renault, which has a joint venture with M&M that sells entry level sedan Logan, has been a subject of speculation over its relationship with the Indian partner and declining sales of the car had put a question mark over the future of the JV -- Mahindra Renault Pvt Ltd, in which the French firm has 49 per cent stake.
The company would consider to bring in some of these models to India in future, the homologation of which would be carried out in due course of time. The company on Monday unveiled the prototype of its racing car R15 in Ingolstadt.
Developers, big or small, faced huge liquidity crunch as both end-users and investors shied away from the market.
High interest rates and lack of retail finance, coupled with rising input costs, threw plans out of gear for automakers and in November the industry saw the worst ever monthly vehicle sales with a decline of 17.98 per cent.
High interest rates and lack of retail finance, coupled with rising input costs, threw plans out of gear for automakers and in November the industry saw the worst ever monthly vehicle sales with a decline of 17.98 per cent.
Hurt by the establishment's statements that have the potential to dampen demand, the country's largest real estate player DLF Ltd asked the government on Friday to rather focus on augmenting supply and cutting interest rates to further boost growth.
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