Sunil Munjal will pursue new business interests and lead Hero Corporate Services as its chairman.
August 2010 proved to be a good month for most auto manufacturers.
These cars are priced between Rs 12 lakhs (Rs 1.2 million) and Rs 20 lakhs (Rs 2 million).
Reflecting the mood, passenger vehicle sales in November either remained muted or skidded for most manufacturers as high fuel prices and the higher cost of borrowing dampened buying sentiment.
MotoGP great Valentino Rossi rolled back the years to win the Qatar season-opener for Yamaha on Sunday with Italian riders sweeping the podium places after a thrilling duel under the Losail floodlights in Doha.
The small car proves very useful and convenient for city driving.
From Hyundai to Tata Motors, automakers are staring at a bleak future. With no succor provided in the Budget, the pain for companies is likely to continue for the next two quarters.
Bharat Forge, world's second largest forgings company, will supply products to the US operations of Japanese auto giants Toyota and Honda.
Indian auto manufacturers are well poised to become "winners" in terms of global market share in the next five years to join the ranks of established players like Hyundai, Toyota, Honda and Volkswagen.
Companies also said confidence was yet to return among buyers, with many holding back their decision to buy cars.
Car makers see a dip in demand from their biggest buyers, Ola and Uber. Demand from aggregators weakened for a number of reasons after a strong growth last year.
Vehicle prices have gone up as manufacturers gear up for the transition to stricter emission norm BS-VI from BS-IV beginning April 1.
Analysts say Bajaj's move to correct prices can potentially disrupt the market.
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