Life Insurance Corporation of India (LIC) February 8 for the first time ever crossed the Rs 7 trillion market capitalisation, as the stock price of state-owned insurer hit a new high of Rs 1,144,45, on rallying 10 per cent on the BSE. The board of directors of the Corporation are scheduled to meet today i.e. February 8, 2024, to consider a proposal for declaration of interim dividend for the financial year 2023-24 (FY24). The board will also consider and approve the unaudited financial results for the quarter and nine-month period ended on December 31, 2023.
Beginning with a bang amid all the glitz and glamour of the biennial Auto Expo, the year will be ending with a whimper for the automobile industry as sales dwindle, and the worst-ever industrial violence at Maruti Suzuki's Manesar plant leaves a big scar.
Less than a week after sealing a deal with Chrysler to form a partnership, Fiat CEO Sergio Marchionne visited Berlin to try to convince Germany's political leaders of his plan to create a European car giant with the acquisition of General Motors Corp's Opel unit.
Automobile dealers' body FADA has urged the government to formulate a task force to monitor the compensation structure being worked out by Ford India for its dealer partners across the country. In a letter to Heavy Industries Minister Mahendra Nath Pandey, FADA president Vinkesh Gulati also requested the government to instruct Ford India to keep the industry body in the loop regarding the compensation structure for the dealerships. "We humbly request your Ministry's intervention... Create a task force which takes day-to-day updates from Ford India to monitor the compensation plan for automobile dealers and dealership employees," Gulati said in the letter.
The government has asked SIAM members, to provide fresh data which will provide an indication about the diesel vehicle demand in the country.
In the seven months between April and October this year, the Chevy Spark has managed to sell less than 12,000 units, or an average of 1,700 units a month, while its peers Alto and WagonR (Maruti Suzuki) , Indica (Tata Motors) and Santro (Hyundai) have had average monthly sales of 10,000-18,000 units.
The world's largest automaker is jilting America's Super Bowl for the global variety of football.
The auto major had posted a profit of Rs 3,945.47 crore (Rs 39.45 billion) in the same period a year earlier.
Harman, the premium global audio and infotainment group, which retails brands such as JBL, AKG and Harman-Kardon, is training Indian engineers based at its research and development centre in Bangalore to work on audio components for brands like BMW and Audi. This business contributes an estimated $600 million to the company's sales.
GM president and managing director Lowell C Paddock said the company is bullish on passenger vehicles with some commercial applications and is open to opportunities in the space.
Car sales in the domestic market overcame sluggish demand in the inauspicious shradh period and grew a healthy 22.4 per cent in September this year at 94,734 units against 77,384 units in the same month last year.
Seven auto companies lost share in the current year because of different reasons.
Honda, Mahindra and General Motors will launch three stunning cars starting from the first day of the month.
On 60 anniversary of 'America's sports car' Corvette, we look at the past and the future of this iconic machine.
Maruti Suzuki India (MSIL) has ambitious plans to increase capacity. It is also seeking shareholders' approval for a complex swap transaction, which would acquire Suzuki Motor Gujarat (SMG), a subsidiary of Suzuki Motor Corporation (SMC) through a preferential offer. SMC already holds 56.37 per cent of MSIL's equity.
GM, which sold 9.29 million cars in 2012, was the top-selling carmaker for more than seven decades before losing the title to Toyota in 2008.
The company on Thursday introduced its luxury sedan Teana.
The launch, however, would take some more time.
GM India said it has already sent individual letters.
There are 763 registered voters among around a thousand residents of this remote village in Alirajpur assembly constituency, reserved for the Scheduled Tribes, but no candidate has bothered to visit the place, locals said on Thursday.
General Motors sees a profitable, if risky, path in gaining Chrysler's revenues and slashing costs.
The companies continue to see heavy demand in utility cars.
The car will be available in petrol (priced between Rs 444,000 and Rs 558,000) and in diesel, too, (priced between Rs 587,000 and Rs 662,000).
The new model is available in petrol as well as LPG. The highest model in petrol costs Rs 381,000 and in LPG Rs 410,000.
As traders obsessively follow US presidential elections, expect a surge in case of a change of guard in the Oval Office.
That means a manufacturer looking at a market like India needs to decide whether small, cheap cars or small, expensive cars or both will work better for them, says Pavan Lall.
While the social media giant says 70 per cent of campaigns gives a return on ad spend of three times or more, many feel Facebook has still not managed a consistently successful model.
Burgeoning demand for spacious people movers in India has led Ashok Leyland, a medium and heavy truck builder, to plan on developing a utility vehicle to take on the likes of Toyota Innova, India's largest selling multi-seater personal vehicle.
General Motors vice-president P Balendran is less diplomatic and talks about a 'severe blow'.
The technology is designed to keep the vehicle in its lane and at a safe distance from the car in front of it.
The engine of this car is now Bharat Stage IV compliant.
There is another common trend among these three players - they are all registering a volume decline in a market that is expanding at over 8 per cent
It was reacting to lawyer Mathews Nedumpara's email to the top court in which he claimed the apex court has been hearing only constitution bench matters, which have no public interest involved, and not the cases of ordinary citizens.
General Motors Corporation, the world's biggest automaker, has identified countries in the Asia-Pacific, including India, as one of its future growth markets.
Seven of the 30 largest U.S. corporations paid more money to their chief executive officers last year than they paid in U.S. federal income taxes, according to a study released on Tuesday that was disputed by at least one of the companies.
'Nearly all companies are extending festival offers for entry-level, sedan, and hatchback segments.'
The Auto Expo, touted as the largest auto exhibition in Asia, covering around 1,20,000 sq mt, would be held in New Delhi from January 10 to 17.
India's biggest carmaker Maruti Udyog Ltd on Tuesday announced the setting up of a diesel engine plant with an investment of Rs 350 crore (Rs 3.50 billion).
