Volvo India is in talks with Ford Motors India to start assembly operations in India.
Gaurav Ghei zoomed up the leader-board to tied 29th after carding a three-under 69 as three Indians made the cut and four others, including Shiv Kapur, fell by the wayside after the halfway stage of the US $2.2 million Volvo China Open in Beijing on Friday.
Shiv Kapur sizzled with a five-under 67 to jump 19 places to tied 10th, while Jyoti Randhawa also made upward strides rising to tied 16th with a three-under 69 in the penultimate round of the Volvo Masters of Asia in Bangkok on Saturday.
'We decided to start the yatra from Manipur so that the people of India get a sense of what the people of Manipur have been through'
Bullish on the Indian market despite global economic downturn, Swedish luxury carmaker Volvo on Wednesday said it will enhance its product portfolio in the country, including a premium sports utility vehicle, which it plans to launch sometime next year.
Jeev Milkha Singh rode on a flawless back-nine to card an improved two-under 70 and rise to tied-41st as Gaurav Ghei (70) continued to the best-placed Indian at tied-ninth after the second round of the Volvo Masters of Asia in Bangkok on Friday. While Ghei has a total of four-under 140, Jeev languishes in the bottom heap with two-over 146 at the US $750,000 Asian Tour's season-ending event.
All Volvos carry a 2 year / 60,000kms free service.
Gaurav Ghei finished tied 28th, best by an Indian, as the Volvo China Open went down the history books as one of the few tournaments that did not see a even a single player breaking par in the final day.
The hatchback comes with two engine options.
Eicher Motors is a leader in the premium motorcycle segment, where it holds market share of over 85 per cent under the Royal Enfield (RE) brand. The company's joint venture VE Commercial Vehicles (VECV) with Volvo, where it holds 54.5 per cent stake, gives it a strong footing in commercial vehicles (CVs). The company had good results in FY23 and it has a strong balance sheet and good operating margins.
If you are planning to buy an electric car in the near future, it would be highly advisable to wait for these upcoming electric SUVs.
'Instead of ACs, the government should do something to increase our salary.'
I was particularly impressed with the radar-enabled car, which assists you to keep to your marked lanes at speeds between 40 kmph to 160 kmph.
At a time when consumers increasingly embrace green mobility solutions, it is not electric cars but hybrids that are taking the lead, as automotive sales data indicate. Since January, 64,097 electric cars have been sold compared to 266,465 hybrids, according to data from the ministry of road transport and highways' Vahan dashboard. Hybrid car sales have surged from 4.42 per cent of the 4.1 million cars sold in calendar year 2022 to 7.2 per cent this year.
At a time when consumers increasingly embrace green mobility solutions, it is not electric cars but hybrids that are taking the lead, as automotive sales data indicate. Since January, 64,097 electric cars have been sold compared to 266,465 hybrids, according to data from the Ministry of Road Transport and Highways' Vahan dashboard. Hybrid car sales have surged from 4.42 per cent of the 4.1 million cars sold in calendar year 2022 to 7.2 per cent this year.
As many as 231 Indians, including 208 Gujarat residents, who were evacuated from strife-torn African nation Sudan under the Centre's 'Operation Kaveri', landed at Ahmedabad airport on Tuesday, said a state government official.
Auto industry volumes have grown by 2.5 per cent overall, led by domestic sales of three-wheelers, two-wheelers and passenger vehicles (PVs) in the first quarter of this financial year. Analysts predict an 18 per cent growth in revenues for automotive original equipment manufacturers (OEMs) and profit growth of 69 per cent year-on-year (YoY). However, on a sequential basis, a decline in revenues as well as earnings before interest, taxes, depreciation, and amortisation (Ebitda) margins is expected.
The stock of two wheeler maker Eicher Motors was the highest gainer among BSE 100 stocks, rising 6.6 per cent in trade on Friday. The gains came on the back of better than expected performance in the March quarter of the 2022-23 financial year (Q4FY23) and earnings upgrades by brokerages. Standalone revenues (Royal Enfield) were up 19.9 per cent year-on-year (YoY), led by an 18 per cent growth in volumes and a marginal uptick in realisations.
Logistics services provider Delhivery posted a mixed set of results during the March quarter of the previous financial year (Q4 of FY23). While its operating profit was marginally in the green, its net losses widened as compared to the year-ago quarter. Overall revenues, which were in line with estimates, fell 10 per cent year-on-year (YoY).
'India is still hierarchical, but not as much as Japan and people appreciate a flat working culture,' Charles Frump, managing director, Volvo Cars India, tells Pavan Lall.
Passenger vehicle dispatches to dealers in India rose over two-fold last month on a low base of Covid-19-hit May last year. As per the Society of Indian Automobile Manufacturers (SIAM), passenger vehicle wholesales rose to 2,51,052 units last month as compared to 88,045 units in May 2021. The two-wheeler sales rose to 12,53,187 units in May as compared to 354,824 units in the year-ago period.
The question is: Will the company have a strong balance sheet to support this massive investment plan?
There are a whopping 10 sedans slated for a launch in India this year. Rajesh Karkera/Rediff.com gives the lowdown.
India's flagship motor show Auto Expo 2023 kicked off on Wednesday with the global unveiling of Suzuki Motor Corporation's concept electric SUV 'eVX' which is slated to hit the market by 2025. The company's Indian arm Maruti Suzuki India is among the major manufacturers participating in the show that has returned after three years. The Concept eVX is a mid-size electric SUV concept designed and developed by Suzuki Motor Corporation (SMC), Japan. It will be powered by a 60 kWh battery pack offering up to 550 km of driving range on single charge.
The trend is expected to gain momentum as global vehicle makers in India, particularly from Japan, ride on hybrids to meet the more stringent fuel efficiency norms that take effect in 2022.
Eicher Motors' shareholders in its recently held annual general meeting (AGM) have rejected a proposal for re-appointment of Siddhartha Lal as the company's managing director for a period of five years with effect from May 1 this year. During the company's 39th AGM, which was held earlier this week, the members also rejected the proposal of increasing Lal's remuneration. While 73 per cent of the votes favoured the re-appointment, the rest 27 per cent were against it.
The police which are probing the matter on Bommai's instruction had arrested B R Naidu, the former chief of Congress' Karnataka unit social media team, on Wednesday night from his residence.
The manufacturers are not only keen to introduce small cars in India but also luxurious sedans and stunning SUVs.
Once maverick Johnny Depp is now looking for comfort, not speed.
The overall volume at India's top four M&HCV makers - Tata Motors, Ashok Leyland, Volvo Eicher, and Mahindra & Mahindra - fell 59.5 per cent to 31,067 units during the month.
The recurrent increases in fuel prices over the past 10 days are eating into the margins of transporters, who will be forced to pass on the hikes to their customers. This, in turn, is set to make the prices of daily consumables and other goods dearer, affect consumption, and slow economic growth, said transporters and analysts. Freight rates on grand trunk routes have shot up 3-4 per cent month-on-month in the past few days, according to the Indian Foundation of Transport Research & Training (IFTRT).
And it feels entirely different when compared to all its earlier avatars, observes Pavan Lall.
The story of the Eicher group, promoted by the Delhi-based Lal family, may some day make a case study, not least for its agility in coping with the changing reality of doing business in India.
Just like the Swedish landscape, where rock emerges from a bed of grass, here's where the hard-looking surface rises up from the softer background', says Jonathan Disley, programme chief designer, interior, as he runs his hands over the XC60's interiors.
The Volvo car with the Maharashtra registration number was seized on Monday, the official said, adding there is no clarity so far on who owned this car.
However, notable absentees from the expo will be Honda, Toyota, Ford, BMW, Audi, Lexus, Volvo and Jaguar Land Rover along with two-wheeler majors Hero MotoCorp, Bajaj Auto and TVS Motor Co.
Jeev Milkha Singh will reach another golfing milestone in his illustrious career as he becomes the first Indian to tee up at the 16-man World Matchplay Championships beginning in Casares on Thursday.
Volvo is looking at introducing stripped-down version of its luxury sedans.
If one leaves aside 2016, when sales declined 4.68 per cent, the pace of growth in 2018 is the slowest in a decade, according to IHS Markit, a sales forecast and market research firm.
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