Passenger vehicle wholesale in India increased by 14.19 per cent to 3,10,294 units in October against 2,71,737 units in the same month last year as companies despatched more units to dealers to cater to enhanced demand in the festive season, auto industry body SIAM said on Wednesday. According to the latest data by the Society of Indian Automobile Manufacturers (SIAM), two-wheeler sales also rose 16.88 per cent to 20,53,814 units, compared with 17,57,180 units in the same month last year. Motorcycle sales were at 13,82,749 units as against 11,16,886 units in October 2019, up 23.8 per cent.
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.
Roopam Asthana, CEO and whole-time director, Liberty General Insurance Ltd, answers your queries on HEALTH insurance and AUTO insurance.
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.
Consumer sentiments have been dampened due to several factors like tight liquidity, high insurance, and high costs
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
After the second wave of the pandemic, general and health insurers have seen a fall in their outgo of Covid-related health claims. In the July-September quarter (Q2 of FY22), insurers settled a little over Rs 5,000 crore worth of Covid health claims. This is 35 per cent lower than the Rs 7,700 crore worth of claims they settled in Q1, sources said.
At its heart, the issue is more than compliance. It is the risk of possible breakdown of a strong nexus between insurance firms and motor car dealers that makes the business the top earner for the former.
'Investors should continue to invest because you are looking at the long-term; in the next four to five years, we are bound to outperform (the rest of the world equity markets).'
All you want to know about claiming insurance for your damaged vehicle after an accident.
Tesla's Model 3 sedan, scheduled to roll out later this year, will be critical to founder Elon Musk's ambitions to transform his company from a niche car-maker into a mass-market manufacturer.
Joint crack team of Maruti, Tata Motors, M&M to develop hybrid cars in India
The ICHR, an autonomous body under the ministry of education, has been running a series of lectures and seminars on the theme of the Independence struggle under the 'Azadi ka Amrit Mahotsav' celebration.
Trump said the Saudis could be behind the disappearance of Washington Post contributor Khashoggi.
Sanand has catapulted into the big league of automobile industry hubs.
Dhirubhai may or may not have owned the government; it would seem his son wants to own the market, notes T N Ninan.
Nepal's decision to ban the import of non-essential items amid depleting forex reserves may hit Indian exports. The country's central bank - Nepal Rastra Bank - last week instructed commercial banks not to open letters of credit (LCs) for importing non-essential items. This is to prevent further decline of the country's foreign exchange reserves. However, it has not issued any formal communication yet.
K-League season started on Friday with a match between Jeonbuk Hyundai Motors and Suwon Samsung Bluewings played without spectators
The auto maker wants to cut output in the wake of low demand.
It is the global leader in car sales but in India, is a distant fifth.
The price increase is marginal and the company is confident that the customers will appreciate its efforts to offer globally renowned products at affordable prices.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Already reeling under a demand slump, automobile manufacturers have expressed disappointment over the RBI's decision to hike short term lending rate saying it is likely to impact the interest rates on car and automobile loans further.
Chinese players form a major part, around 20 per cent of the auto expo this year, despite a slowdown in the Indian automobile sector in the last one year. Over two dozen top officials from various companies were planning to participate in the event, besides a group of journalists.
Kerala will be one of those places where the line between tourism, a land, a people and their way of life will blur. It won't be tourism; it will be a visit to experience Kerala.
If the alliance works out as planned, it will give a big boost to Mahindra, as it has been struggling with its only car model Verito, managing to sell around 200 units a month
Asia-focused bank Standard Chartered has extended its sponsorship of Liverpool Football Club for two years, continuing one of the most lucrative deals in English sport.
Big brands like Hyundai, Mahindra and Mahindra (M&M), Toyota and Renault have lost share.
The China auto show saw some amazing models being rolled out, some for the first time. Rajesh Karera/Rediff.com picks the best of the lot.
The strike, however, had no impact on production of auto majors Maruti Suzuki India, Hero MotoCorp, Honda Cars India, Mahindra & Mahindra, Tata Motors and Hyundai Motors India as their plants in various parts of the country functioned normally.
The Pune-based research institute will design and develop car batteries and offer the technology for mass production.
Buy comprehensive motor insurance policy to guard against natural calamities.
'As a course mate who has followed closely this star on the Bombay Sappers firmament, my heart swells with pride to see his extraordinary brilliance and focus; his commitment and his dedication; his hard work; and his technical as well as tactical knowledge,' says Colonel K Thammayya Udupa (retd) of his batchmate General Manoj Pande who will take over as chief of the army staff on May 1.
The ban does not speak about used luxury cars.
The US has been, historically, a sleeping partner in India-China relations. Today, any attempt by the Modi government to make a bilateral move to improve relations with Beijing could upset Biden's apple cart, notes Ambassador M K Bhadrakumar.
A photo symbolising "love and compassion" of an 85-year-old Brazilian woman getting her first embrace in five months from a nurse through a transparent "hug curtain" has been named the World Press Photo of the Year. This year, according to organisers, 74,470 images were submitted for judging, made by 4,315 photographers from 130 different countries. World Press Photo has been kind enough to allow to share some of this year's winning photos here with you.
Passenger vehicle wholesales in India rose by 14.16 per cent in August to 2,15,916 units, driven by pent-up demand, industry body SIAM said on Friday. According to the latest data by the Society of Indian Automobile Manufacturers, passenger vehicle wholesales stood at 1,89,129 units in the same month last year.
After GM's India exit, Ford-Mahindra 'strategic alliance' under spotlight.
Trump said in his remarks at the unveiling of the Boeing 787 Dreamliner Aircraft.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
