With India's manufacturing sector slamming the brakes on production, the fallout is being felt by contractual labourers.
Applicants have also in the past expressed fear about higher capital requirements, stringent priority sector lending norms and rules on promoter shareholding as key deterrents.
German car makers Audi and Mercedes-Benz on Monday cut prices by up to Rs 3.82 lakh, while Tata Motors and Mahindra & Mahindra announced their intent to follow suit after Finance Minister P Chidambaram reduced excise on automobiles in the Interim Budget for 2014-15.
The Bolero has sold over 1 lakh vehicles during FY2015.
Besides, Toyota and MG Motor also reported nil sales as they suspended operations even before the imposition of lockdown on March 25 to check the spread of coronavirus. In two-wheeler segment, niche bike maker Royal Enfield said it had zero sales in the domestic market but exported a total of 91 units last month.
Among major Sensex gainers, ITC rose the most by 2.32 per cent, followed by TCS, M&M, SBI and Bharti Airtel.
M&M wants to attract those 18-25 year olds who are buying mid-sized sedans, but fancy an SUV for its rugged image.
Also on the list is a next-gen electric car from the Reva stable.
The company whose sales slumped 37 per cent in the nine months to December hopes to stem the tide with a slew of launches starting with the Zest and Bolt.
Irrespective of demonetisation and GST blues, IIM Lucknow has been able to successfully place their batch of 459 students.
M&M is working on petrol engine while Tata is set to introduce petrol option in Bolt and Zest.
Niti Aayog CEO Amitabh Kant said only farm revolution can make it possible. He also stressed on scrapping Agriculture Produce Marketing Committee and some old laws like Essential Commodites Act, which restrict movement of farm produces.
Harley Davidson, KTM-Bajaj, M&M make India production base for automobiles to be assembled and sold in China.
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.
New participants included Chinese players such as Great Wall Motors and Haima Automobile along with Olectra.
Industry representatives have said from the second half of the year, they hope to see revival because the rural economy is looking up and the projects the government has announced.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
The new financial year started on a mixed note for car makers.
Tata Motors, Mahindra & Mahindra and Bajaj Auto have noted a rise in these incidents.
BS-VI emission norms and the COVID-19 lockdown impacted the dispatches.
Global automobile majors are looking to leverage India's cost-competitive manufacturing practices and turn the country into an export hub for utility vehicles.
Analysts said the demand recovery in two-wheeler and car segments was skewed towards the semi-urban and rural markets.
The diesel hatch is expented to be priced at Rs 5.3 lakh.
Several manufacturers such as Mahindra
The strike entered the 5th day without any impact on production at the plant.
The list of companies include big names such as Colgate-Palmolive, Hero, Maruti Suzuki, Hyundai, Videocon, Onida, Arvind Mills, Nokia and Mahindra & Mahindra.
Scooters, once the fastest growing sub-segment, also declined for the second consecutive month in September.
The demand for diesel cars, which account for 58 per cent of passenger vehicle sales in India every month, has seen a steep rise, as manufacturers continue to introduce variants that have diesel engines.
The issues unions have been pursuing aggressively include forced suspensions, flexible work conditions, recognition of a union and salary parity for contract workers.
The money will be used to develop products jointly.
The vehicle will be produced at Mahindra Reva's recently inaugurated plant in Bengaluru, the company said.
The SUV costs the same as the VX variant.
All the populist schemes have either a job creation motive or a health and sanitation one.
For all those auto enthusiasts who thought Mahindra have only been manufacturing Jeeps and trucks in the '90s, Timeless Mahindra offers plenty of interesting surprises, discovers Rajesh Kareka/Rediff.com.
Mahindra Reva tops the Fast Company rankings of India's most innovative companies.
Since April, India has seen multiple strains of the coronanavirus sweep the nation, upending life and businesses alike. Out-of-home retail and discretionary categories such as durables, auto, fashion, lifestyle, hospitality, food services, travel, and tourism have been the worst-hit as Covid cases remain high, leaving state governments with no option but to curtail mobility and economic activity.
Move to be aimed at reducing subsidies on the fuel.
How does the latest offering from the Mahindra stables match up? Read on
The union is demanding reinstatement of one of their leaders who has since been suspended.
Investors have been concerned about M&M's diversification into non-core businesses but the company is taking the right measures to build their confidence.
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