Jeep is looking at local manufacturing in India.
The future of cryptocurrencies in India appears uncertain but that has not deterred young Indians from embracing the so-called 'fourth industrial revolution' world, where interconnectivity and smart automation, much of it relying on blockchain technology, drive human civilisation. Reserve Bank of India (RBI) Governor Shaktikanta Das has repeatedly warned of macroeconomic instability and even "serious consequences" if cryptocurrencies turn mainstream. The country's monetary authority wants a China-like total ban on crypto, not even allowing these currencies to be treated as investments. Though Parliament's website had listed the Cryptocurrency and Regulation of Official Digital Currency Bill as one seeking a total ban of cryptocurrencies in the country, it was not presented in the Winter Session. India now has the highest number of cryptocurrency investors in the world.
The economy is gaining traction with gradual pick up in manufacturing activity and moderation in contraction of services, spurred by comfortable liquidity conditions, an RBI article on Tuesday said. Observing that the retreat of the second wave of coronavirus pandemic has been slow, the RBI in an article on the 'State of Economy' said, the aggregate demand conditions are buoyed by the release of pent-up demand post unlock, while the supply situation is improving with the monsoon catching up to its normal levels and sowing activity gaining pace. "Reaffirming the traction that the economy is gaining, the manufacturing activity is gradually turning around, while contraction in services has moderated.
Volkswagen, which has two heavy-duty truck brands, Scania and MAN, is eyeing an equity stake in Navistar to gain a stronger foothold in the US commercial vehicle market, according to international media reports.
The tiny Central American nation of El Salvador has embarked on an interesting experiment by recognising bitcoin as legal tender. This is proving painful for many of its citizens but it's a useful "pilot" project for larger economies that are contemplating the peculiarities of this new asset class. El Salvador has a population of 6.5 million and GDP of about $27 billion.
Look at this car carefully. If I was to tell you that this fanatical piece here, in actuality, is a Fiat Premier Padmini, would you believe it?
Look at this car carefully. If I was to tell you that this fanatical piece here, in actuality, is a Fiat Premier Padmini, would you believe it?
Three hatchbacks have been muscled up to offer a more adventurous driving experience.
India should not be left behind. It should join the seven central banks which are studying feasibility and safeguards necessary to eliminate risks, particularly from hacking, advises former foreign secretary Shyam Saran.
The German car maker has the best engine along with great driving dynamics.
For Hero MotoCorp, India's largest two-wheeler company, it's a calculated gambit to revive Harley-Davidson whose ride in India has been anything but easy since it got here.When automotive firms embark on alliances, it's a roll of the dice on how such marriages will play out.
Why is the Mini the only "lifestyle" auto badge that seems to be growing and staying strong? Pavan Lall finds out.
Developed in-house, the 1.5-litre engine comes mated with six-speed transmission and offers improved performance.
Chevrolet Spin will likely be powered by a Fiat-sourced 1.3L diesel engine
The German luxury car manufacturer is quietly building on the legacy of the Mini, enticing young, trend-conscious and quality-oriented buyers with the promise of making them stand out in the crowd.
'More than one brand in a showroom is too risky because customer loyalty in this market is low. Most people don't drive different cars made by the same manufacturer for a lifetime, they experiment.'
The year 2015 was quite eventful with plenty of automakers making news with either new models or facelifts of their existing models.
A range of new luxury cars were unveiled at the Geneva International Motor show.
Ferrari could lead other Formula One teams into an alternative championship if the sport becomes too much like the US-based NASCAR series.
A diamond merchant from Surat has put a smile on his employees faces after he gifted them cars, homes and jewellery as Diwali bonus in a stunning act of generosity, Oprah-style.
Ferrari have parted company with chief designer Nikolas Tombazis and engineering director Pat Fry, two of the men responsible for designing this year's car as the team endured their first season without a win since 1993.
'His relationship with Sridevi was not meant to work out, especially since both of them were ambitious, driven and passionate.'
Ailing auto maker Chrysler is preparing to file for bankruptcy protection as early as next week, irrespective of whether the company reaches a deal with its lenders or forges an alliance with Italian entity Fiat SpA, says a media report.
'Many already toe the line, those on the fence will be nudged to stand with the government even more, those who are critical will face trouble soon.'
Prominent ones are Maruti's smoky Ciaz and Fiat's gorgeous Avventura.
Dilip Chhabria's sports car is set to be launched this Diwali; first year's production already sold out
In a rare gesture accorded to few foreign dignitaries, United States President Barack Obama and his family received the Pope at the Andrews Air Force base outside Washington
'I joined Hrishida when I was 17.' 'He left me with a lifetime of memories.'
The US has said the Bush administration's continuing support for the military ruler for short-term benefits will only make a bad problem worse
Car deliveries during the nine-day period saw sharp year-on-year (double-digit increase for most automobile companies.
Moments that show it's an odd, odd world we live in.
The latest Hyundai i20 is an exciting car, given the overall drive experience, transmission, ride quality and tech. And while it may not be as low cost as a Maruti or come with the "heavy German steel-feel" of the Volkswagen, it does carve out a niche for itself at pole position with a combination of technology, styling, drive and ride comfort, and low cost of ownership, says Pavan Lall.
Tata Motors will roll out a compact car, a sedan and a multi-utility vehicle next year apart from the much talked about Rs 1 lakh (Rs 100,000) car, according to a city-based dealer.
Business is growing fast and continues to draw investment, but making big bucks in a country smitten with small cars won't be easy.
Hyundai Motor and Toyota Kirloskar Motor have announced the suspension of manufacturing operations at their respective plants amid coronavirus outbreak. On Sunday, various automakers like Maruti Suzuki India, Honda Cars, Mahindra & Mahindra and Fiat announced a temporary halt in manufacturing operations at their respective facilities.
Hyundai i20 Active would feature almost the same specs as Elite i20 hatch.
Mahindra & Mahindra on Friday said a judge of the US International Trade Commission has found that its off-road vehicle Roxor violated Fiat Chrysler Automobile's (FCA) Jeep 'trade dress' and recommended an exclusion order prohibiting import and sale of any already imported parts of the vehicle.
'Allocate some parts of one's surplus income towards cryptocurrencies, considering the immense growth potential of this emerging asset class.'
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