The lockdown in Maharashtra will have a catastrophic impact on April sales, as dealers will not be able to realise the potential of festivities like Ugadi, Gudi Padwa, Baisakhi and Poila Boishakh.
In less than two months since the announcement in March, the state has mobilised an armada of small and medium enterprises keen on making components for large equipment manufacturers.
ACMA has estimated the value of fake spare parts in the after-market at Rs 10,500-14,000 crore.
Durable goods companies and retailers say online sales won't compensate for the fall in offline sales.
'It is going to be as high as 50% in the coming one or two months and can be about 20% to 25% in the medium term.'
The Supreme Court has refused to interfere with the government and RBI's loan moratorium policy, and declined to extend the six-month loan moratorium period.
The slowdown in growth is an industry-wide trend and companies are adjusting production to bring down the inventory levels at plants as well as dealerships.
Expressing confidence that the growing Indian economy would drive aluminium consumption, the Aluminium Association of India on Monday said it had targetted automobiles, power sector and the packaging industry to boost growth.
If you want a premium car where you will take to the driver's seat very often this one's for you.
Uber, Puma, Nissan, Britannia have already lined up for the upcoming parade of cricketing nations, looking to align with the game and its legion of fans
Dealers say that the full-year outlook remains negative with a projected contraction in retail sales of 15-35 per cent across segments, save tractors, which look set to clock a positive annual growth.
On February 20 and 21 more than 12,000 riders and bike enthusiasts rode cross-country to Goa to celebrate the spirit and lifestyle of the Indian Biking community. Here's what happened at the annual bikers' meet at Vagator.
The new Tata Tigor, Datsun Go and Hero Xtreme 200R are hoping to use celebrity endorsers and gain a foothold in a segment that has been the stronghold of market leaders for several decades. But will it work?
A bench headed by NGT chairperson Justice Adarsh Kumar Goel directed the carmaker to deposit the amount within two months.
The move to implement a proposal of star ratings on passenger vehicles, similar to those seen on electrical appliances, is likely to be delayed by several months. Stakeholders from the automobile sector and the government are divided over key facets.
Indian American children have dominated the Scripps Howard Spelling Bee in the United States since the turn of the new century. Long before this impressive trail of triumphs began, way back in 1985, Balu Natarajan became the first Indian American child to win the Spelling Bee. Rediff.com US Contributor Abhijit Masih catches up with Dr Natarajan as the 2021 Spelling Bee takes off this weekend.
Indian auto and pharma industries import several critical components and raw materials from China.
'For them life is very difficult since there has been no universalisation of PDS.' 'And let's understand that there are people who need ration instead of cooked meals.'
With car penetration of around 22 per 1,000 population, India continues to be a big opportunity to sell cars, especially in rural areas.
Here's how to get more out of the premium you pay
At the end of May, out of 26,500 outlets about 60 per cent showrooms and 80 per cent workshops were operational across the country.
About 80 per cent of the companies that are registered are essentially non-IT.
PV registrations in this year's festive period stood at 287,717 units as against 333,456 units in the corresponding period last year, down 14 per cent. Two-wheeler registrations also fell by 13 per cent to 15,83,276 units as against 18,11,703 units in the year-ago period.
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According to industry body Society of Indian Automobile Manufacturers and Automotive Component Manufacturers Association of India, with demand continuing to be low and factories not operating at full scale, this may lead to temporary excess overheads.
India Ratings expects long products demand growth to be sharp, supported by a demand push from the government-led infrastructure investments in affordable housing, railways, rural electrification and road networks.
The two firms are discussing bidding jointly for CGD projects in cities that would be put on offer by the sector regulator, Petroleum and Natural Gas Regulatory Board in the future.
Market leaders Maruti Suzuki and Hyundai, who together control two-thirds of the domestic market, have not yet firmed up a decision on raising prices.
'Inquiries and bookings are at quite a healthy level.'
The new tax regime has also been fuelling sale of SUVs, particularly the compact SUVs
Key changes are expected in vehicle repossession norms to ease the process for banks to take back cars and two-wheelers from owners that default on loan repayments.
The Pune-based research institute will design and develop car batteries and offer the technology for mass production.
An increase in sales across all categories in the automobile industry, has made need for higher working capital inevitable.
The Federation of Automobile Dealers Association of India will soon launch a program for checking cars which are more than three years old across the country for Rs 500, liable to be reimbursed while going for insurance, a top official said on Thursday.
'We are in the reverse gear and we are not there anywhere compared to the rest of the world'
FDI inflows into India were $34 billion in 2014, up 22%.
India is affected by a 'resource inefficiency curse'.
Fresh PoEM guidelines will affect pharma, energy, automobiles, manufacturing and software companies.
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