Companies have also managed to find talent created by frequent exits.
The Navi lending app, launched in May, provides instant loans of up to Rs 5 lakh, with repayment tenures of up to 36 months.
In what signals an emerging battle among small car manufacturers, Hyundai Motors India Ltd has asked the country's apex auto association to act against moves by "some pressure groups" to change the definition of a small car.
GM chief Mary Barra reveals turnaround plans.
Adani Enterprises' proposed Rs 20,000 crore (Rs 200 billion) fundraising via fresh issue of equity shares through a public offer would be the fourth biggest by Indian companies, excluding banks and non-banking financial companies.
Car makers have started hiring from Gujarat's industrial training institutes (ITIs) for their factories across the country.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries:
Maruti Suzuki India, country's largest car maker, on Wednesday said it will increase the prices of its entire range of models by up to Rs 10,000 from October first week, mainly due to depreciation of rupee.
Vehicle prices have gone up as manufacturers gear up for the transition to stricter emission norm BS-VI from BS-IV beginning April 1.
Making a debut in India with an SUV, Citroen's products in the next couple of years will clearly chart and define its destiny in what has become both a vibrant but also a daunting market for foreign entrants, says Pavan Lall.
With just a month left in this financial year, electric two-wheeler sales, so far, are at just 62 per cent of the ambitious target of 1 million units set for 2022-23 by the NITI Aayog. According to VAHAN data, compiled by the Society of Manufacturers of Electric Vehicles (SMEV), 620,006 units of electric two-wheelers were sold across the country in FY23 until February 21. Though the industry may miss the 1-million target, sales in FY23 are already up 146 per cent from 249,621 units sold in FY22.
With the demand of diesel cars very high in India, the company said it is also lining up more diesel engine cars for the country.
New participants included Chinese players such as Great Wall Motors and Haima Automobile along with Olectra.
The vehicle will compete with the likes of Toyota's Innova, Maruti's Ertiga.
Just two days before Congress leader Rahul Gandhi-led Bharat Jodo Yatra is scheduled to reach Jammu, two back-to-back explosions rocked a busy locality on the outskirts of the city on Saturday, leaving nine people injured, officials said.
Experts attribute the high valuation of Indian auto makers to the faster growth in India compared to the rest of the world.
The next edition of the country's leading automobile show, the Auto Expo, will be held from January 13-18 next year, having been cancelled this year due to the COVID-19 pandemic. The last edition of the biennial automobile show took place in February 2020 amid fears of the spread of the coronavirus across the world. It was supposed to take place in February this year at Greater Noida but was postponed due to the worsening COVID-19 situation.
India's top listed companies reported their best-ever quarterly net profit of Rs 2.39 trillion in the September quarter of FY22, up 46.4 per cent year-on-year. The earnings were driven by a big surge in the profitability of banks, non-banking financial companies & insurance (BFSI), oil & gas, and metal & mining firms. The combined net profit of these three cyclical sectors were up 87 per cent YoY to a record high of Rs 1.53 trillion, up from Rs 82,000 crore a year ago and Rs 1.08 trillion in Q1FY22.
The Ambassador was a durable enough brand to outlive the licence raj.
The exercise is in keeping with SIAM's voluntary code on vehicle recall
Last year it had entered Spain, China, Vietnam and Pakistan as well.
Demand for passenger vehicles has been driven by new models, especially in the SUV category with the likes of Maruti Vitara Brezza and Hyundai Creta clocking good numbers
Vehicle sales across categories registered a decline of 8.62 per cent to 20,86,358 units from 22,83,262 units in May 2018.
Apart from the growing adoption of the internet in the country, brands are drawn to the agility of the medium, its targeted and data driven approach and the increasing cost of offline channels for sales and distribution.
Car makers are trying hard to boost sales in India.
The contractual workers at Halol were severed by 2016 as the contracts were not renewed, while the permanent workers were offered a separation package in the form of a voluntary retirement scheme
Around 625 workers have been fasting since Monday; no disruption of production at the plant
While hybrids, CNG and biofuels found favour in 2018 among many carmakers including Maruti Suzuki, Mercedes-Benz, Toyota and Honda, others such as M&M and Tata Motors have shown full faith in electric vehicles.
Only 36 per cent in Japan and 44 per cent in Germany were willing to use such vehicles.
The third-quarter financials didn't excite market watchers. But equity investors can still make money if they invest in the right stocks.
'Only if the Budget springs some surprises we may see a halt in the selling.'
Maruti Suzuki India Limited (MSIL), the country's largest car maker, has initiated a service campaign to inspect a probable fault and replace a part of the clutch operation system in the Ciaz, its mid-size sedan.
The industry players couldn't hide their disappointment.
The need for larger investment in infrastructure that is the biggest shortcoming, says A V Rajwade.
Five cities -- Delhi, Bengaluru, Kolkata, Hyderabad and Surat -- ceded their power of procurement and agreed to a different procurement model to operate state-run buses.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
The Tata group companies are now more valuable than all the listed central public sector undertakings (CPSUs) or companies in the country. The key 20 listed Tata companies ended the 2021 calendar year with a combined market capitalisation of Rs 23.36 trillion, ahead of the 70 listed CPSUs, which had a combined m-cap of Rs 23.2 trillion. In comparison, these CPSUs had a combined market capitalisation of Rs 16.7 trillion at the end of December 2020 against the Tata group firms' combined m-cap of Rs 15.7 trillion.
Falling margins, high inflation pitting workers against management.
Mitsubishi Motors on Thursday said it plans to launch its sedan Cedia and sports utility vehicle Montero by the first quarter of the next year in partnership with Hindustan Motors.
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