Other players who have declared no production days in the recent past, and during this month, include Mahindra & Mahindra, Maruti Suzuki, Hero MotoCorp, Bosch, Jamna Auto, Wabco and Sundaram-Clayton.
Tyre companies are stepping up on exports to offset declining volumes from domestic OEMs.
286 dealers closed down in 18 months, 32,000 jobs impacted. Maharashtra leads with 84 closures, followed by Tamil Nadu and Delhi. The worst-hit is the passenger car segment.
Sical Logistics' board of directors, which met to consider approval of the June quarter financial results, asked the management to come out with recommendations for the same.
The prices will be decided during the time of launch, as TVS hopes that given the cost increase, the government may consider bringing down GST for two-wheelers.
With Kona catering for the high-end market, the South Korean automobile conglomerate wants to introduce a product in the EV segment to address the mass segment.
'Our priority is how to reduce the waiting time for people for darshan.'
With car penetration of around 22 per 1,000 population, India continues to be a big opportunity to sell cars, especially in rural areas.
His blind faith in astrology took him down a tragic path that has now come to define his life.
Liquidity continues to be a worry for both, customers and dealers, with the latter facing working capital issues.
Government officials have lodged FIRs and slapped fines to the tune of Rs 1 crore on hospitals involved in frauds.
A mix of industrialists and businessmen, who have inherited riches or rose from humble backgrounds and even endured boom and bust cycles, the top five MPs are illustrative of how the political stock of the wealthy is increasing rapidly.
The new TTD chairman's Venkateswara pendant seems like a simple yet effective tool to silence his critics and to unburden the baggage of his family's religion.
The industry said if the policy was announced, it would have taken 28 million vehicles bought before March 2005 off the road.
The demand environment is expected to improve over the next three quarters, aided by a recovery in demand from the construction sector, following release of payments to contractors after elections.
Once ISRO masters the technology to send humans into space, the next step will be experimenting with technologies allowing humans to live in space.
Exasperated by frequent labour strikes, the Tamil Nadu government has decided to give public utility status to Auto components makers. A move that has left labour unions fuming since, now, they won't be able to go on strike without issuing a notice of six weeks in advance.
Out of its 47 operational satellites, India currently has six to eight satellites which are used entirely for military purposes.
The exporters are optimistic that the industry will grow by 8-10 per cent and it can improve further if the government helps the industry.
While the overall passenger car industry is expected to grow at around seven per cent a year in the next five years, SUV growth is expected to be over 10 per cent.
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