Advait Rao Palepu reports how a recent Supreme Court order will impact motor vehicles insurance policies.
From the Sensex pack, Tata Steel, Titan, Tech Mahindra, Wipro, Bajaj Finserv, Bajaj Finance, Nestle India, Tata Motors and JSW Steel were the biggest laggards. ICICI Bank, Axis Bank, HDFC Bank, State Bank of India and Kotak Mahindra Bank were the gainers.
'Ratan had the quality that JRD and Russi Mody had -- they could walk with kings and never lose the common touch.'
General Motors India on Tuesday said its car sales soared by 77.3 per cent in June 2003 on the back of a surge in demand for the mid-size car, Opel Corsa.
General Motors India said on Wednesday that its vehicle sales rose by 41 per cent in May due to a surge in demand for the mid-size Opel Corsa.
Yet another first week of December brought familiar scenes of rain, storm, flooding, power outages, and fallen trees. When Cyclone Michaung wreaked havoc, leading to the heaviest rainfall in 47 years in the city, residents of Chennai drew parallels to the devastating floods of 2015. However, initial data on insurance claims suggests that the impact this time may portray a more optimistic scenario.
General Motors India on Wednesday reduced its car prices by Rs 24,800-Rs 43,000 following the eight per cent cut in excise duty in the 2003-04 Budget.
Tata Motors is stripped off India's most valuable company tag.
Ratan was extremely ethical in his dealings, which he brought to bear on the business house which he helmed, remembers Sailesh Kottary.
US car maker General Motors on Monday launched its luxury sedan Chevrolet Cruze in India at an introductory price ranging from Rs 10.99 lakh (Rs 1.09 million) to Rs 12.45 lakh or Rs 1.24 million (ex-showroom, Delhi).
Exports in August were up 10.3 per cent to 12,472 units from 11,305 units in the same month of previous year.
American car makers are know for it but Indian manufacturers are soon catching up with the trend.
The RBI on Thursday lowered the benchmark repurchase rate to 7.75 per cent from 8 per cent, the first reduction since May 2013.
Asked if it is looking at the Maruti 800 and the Chevrolet Spark segment, Nigel E Wark, executive director, marketing, sales and service, Ford India, said: "Yes, we will be launching the small car in this segment broadly, but there are sub-segments and this is where we will differentiate ourselves. We will be competing in the largest volume segment. India and China are the two markets where small cars are in huge demand and we will be focusing on these countries."
Jagdish Khattar, Maruti Suzuki's managing director, talks about the need for small cars, global players expanding in India, and why his company will prosper.
The company wants to exploit the space further as the online medium is the most cost-efficient advertising option compared to print and television.
There was no sale of premium sedan Kizashi during the month.
Any unexpected expense can disturb the finely-balanced budget of middle-class individual. That's when a motor insurance policy comes as a saviour
Chevrolet Beat Activ Concept debuts a new design language for GM India
The sources said the talks are focused on sorting out certain issues relating to cost component, weapons package and technology sharing.
The Korean company has sold over 1.36 million cars and has exported 535,000 units.
Auto major Mahindra & Mahindra on Friday said it will hike the prices of its passenger cars and commercial vehicles by Rs 6,000 to Rs 20,000 from October 1, partly to offset higher input costs and depreciation of rupee against the dollar.
Maharashtra's Labour Minister Dilip Walse-Patil has sought a written submission from the General Motors' (GM) Employees Union and the management of the company detailing its stance on the issue of plant closure. The labour minister asked the warring sides for submission at a hearing on Tuesday. Both sides have been given a week's time to reply.
Japanese auto major Nissan recently appointed Takayuki Ishida as managing director of its Indian subsidiary Nissan Motor India Private Limited (NMIPL).
The regulator has made it mandatory for insurers to have a minimum percentage of motor third-party business underwritten.
Stung by its indifferent show in India, the Detroit giant is overhauling the entire line-up of cars.
The dealers operating in the space have jumped nearly three times over the past two years.
'...you evaluate three key factors before committing your money.'
The components would cater to GM facilities worldwide, said Karl Slym, president and managing director, GM India.
The major highlight of this New BS IV model will be the 2.0L 4-cylinder TCDI diesel engine.
Talks between Piaggio Vehicles, the Indian subsidiary of Piaggio & C.s.p.a of Italy, and General Motors for engine sourcing fell through.
'Though one cannot paint the entire microcap basket with the same brush, investors need to be careful now as to what they're buying.'
Undeterred by global credit freeze, India maintains a bullish outlook on attracting foreign direct investment which may be governed by easier rules, a top government official said.
Business is growing fast and continues to draw investment, but making big bucks in a country smitten with small cars won't be easy.
The DG said that the previous government was wary of constructing roads near the Line of Actual Control.
Led by the country's largest car maker Maruti Suzuki, Ford India, General Motors and Toyota Kirloskar logged overall growth in sales volumes.
General Motors (GM) India Limited plans to export Beat, its compact car to Europe and countries in the Asia Pacific region, from January 2011.
General Motors Corporation, the world's biggest automaker, has identified countries in the Asia-Pacific, including India, as one of its future growth markets.
Makers of cars and bikes posted missed results for August amid high inflation rate hike worries.
'We are going to have hybrid cars, which, as far as I know, none of our competition is working on, and this includes ethanol.'
