The global semiconductor shortage hit passenger vehicle sales in September, with major manufacturers like Maruti Suzuki, Hyundai and Mahindra & Mahindra reporting a decline in sales on Friday. Kia India and Honda Cars also reported a dip in wholesales last month as compared with the year-ago period. Carmakers like Tata Motors, Toyota Kirloskar Motor, Nissan and Skoda, however, reported an increase in passenger vehicle dispatches last month despite supply chain issues.
Industry analysts say the display of mileage data will help buyers take informed decisions. "Studies conducted by us reveal this fact. Customers who were over-promised on mileage developed dissatisfaction that was four times higher than customers who were promised the actual mileage. So, the resultant transparency actually boosts the brand image of the car manufacturer," said Mohit Arora, senior director of Singapore-based JD Power and Associates.
Stocks of Indian companies with exposure to Europe fell on Tuesday amid concerns about the impact on their sales in case the Russia-Ukraine crisis worsens and the US and its allies impose economic sanctions on Russia. While top conglomerates, including Reliance Industries, the Tata group, and Aditya Birla Group, said they did not have any significant exposure to Russia, executives of some of the oil and gas, pharmaceutical, and tea companies said they were monitoring the situation closely as they earned substantial income from the region. Russian President Vladimir Putin on Monday ordered troops into two breakaway regions of eastern Ukraine after announcing that Russia would recognise their independence.
Top companies across sectors -- automobile maker Maruti Suzuki, consumer electronics giant Samsung to IT giant Infosys -- have reopened factories and offices as India took its first steps towards resuming economic activity after weeks under a near-total coronavirus lockdown.
As macroeconomic numbers continue to disappoint, reaching pre-Covid level is unlikely in FY21.
While salary growth may range from a marginally positive to stagnant or even negative, the increment for some of the "super-specialised" profiles can go beyond 15%.
Admission into high-IQ Mensa society at 4, college at 7, high school diploma at 10, currently a medical correspondent for the CBS talk show The Doctors and if all goes well a PhD in the near future, Tanishq Abraham is all set for academic glory, reports George Joseph.
Here's how to get more out of the premium you pay
Lenders have become worried as some dealers were not using the money provided to them for car financing.
With its political colour dominated by less than democratic trends, BRICS currently leaves some of us wondering -- where in this grouping is there an assurance that human freedom will be respected unconditionally? It would be nice to see the new members of BRICS drawn from the ranks of countries wedded to preserving and guarding human freedom, observes Shyam G Menon.
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.
ACMA has estimated the value of fake spare parts in the after-market at Rs 10,500-14,000 crore.
The move will primarily impact luxury car companies like Mercedes Benz, BMW, Audi and Volvo and bike brands like Triumph and Harley Davidson.
This will ensure its vehicles reach dealers much faster and delivered to buyers in a maximum of three days, reports Shally Seth Mohile.
The entire range of Hyundai's diesel cars - from compact ones to SUV models, including the soon-to-be-launched Aura - will be eco-friendly.
The Society of Indian Automobile Manufacturers will shortly setup Asia's first 'online university' to cater to the education needs of the booming automobile sector fraternity.
If the court order is implemented, it will lead to an increase in the insurance outgo for car owners by a minimum Rs 50,000 for car and a minimum of Rs 7,000 for two-wheeler owners.
Ferrari, the Italian automobile giant, had launched its Magic India Discovery Drive in association with the Tata Group, in Mumbai on 25 February, 2008. The car featured in this tour is the 612 Scaglietti, Ferrari's flagship GT model. The car will cover 13220 kms, touching 57 cities in India for over 74 days. The tour will end on May 8, 2008. Apart from the Tata Group, this tour is sponsored by Fiat Automobile, Shell, Alcoa, Pirelli, Saima Avandero and OMR.
In India, over 13.25 lakh cars have been recalled by various auto companies so far.
'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.'
Of all auto event, this one in Japan is favourite of car makers to unveil their concepts.
Companies, which are jumping into the bandwagon, include MNCs. For instance, the world's leading component company Bosch has committed an investment of Rs 2,650 crore (Rs 26.50 billion) through four subsidiaries in India. Funds will be used to set up manufacturing facilities for gasoline systems, electronic control units and ABS systems.
The eighth Auto Expo kicks off on Thursday promising new launches and big announcements by domestic and global automobile giants, even as the booming industry sought flexibility in labour laws to maintain the growth momentum.
The Serb set up the breakaway PTPA on the eve of the US Open in September and resigned as head of the player council but last month he confirmed that he had been nominated by his fellow professionals for the current elections which he accepted.
While companies have not launched too many products in rural areas of late, easy financing has helped push up demand.
What explains India's love affair with SUVs? They are not exactly "value for money" -- the watchword for brands across segments -- nor always practical. Is it for the badge value? Or the butch imagery associated with SUVs? Maybe both, says Alokananda Chakraborty.
Close to half a dozen more three-row premium mid-size models are expected to hit the road over the next two years.
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.
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.
Parts suppliers hit by vehicle manufacturers' production cut, raw material shortage.
At its manufacturing facility in Pithampur (Madhya Pradesh), the company would be establishing a new assembly line for manufacturing the high-end MPV, Force Motors Ltd chief operating officer (Tractor Business) and President (Corporate sales and marketing), Naresh Kumar Rattan said.
If you want a premium car where you will take to the driver's seat very often this one's for you.
The current slowdown has lasted for over 18 months and is the longest incident of sluggishness since 2006.
FDI is a major driver of economic growth and a source of non-debt finance for the economic development of the country. The government has put in place an investor-friendly policy on FDI, under which investment up to 100 per cent is permitted on the automatic route in most sectors/ activities. At $ 64.37 billion, FDI in 2018-19 is the highest ever investment received for any financial year.
Cars priced above Rs 25 lakh account for 1 per cent in India's 3 million-car market and the share has remained unchanged over the last five years.
Corrosion is a big menace for anything with steel application from rebars in construction, oil and water pipelines, railway track, power distribution poles to automobiles, says Kunal Bose.
A law graduate from Osaka University, Ayukawa has been associated with Suzuki Motor for over three decades.
The film marks the debut of Salaam Bappu as a director and releases today.
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.
