The $100-billion SAIC would have a dedicated manufacturing facility in India, and would be the first Chinese automaker to do so.
'Investors are coming in because they can't afford to miss India.'
Are we running a cricket match using football rules, asks Ajit Balakrishnan.
The company said it will complete ongoing projects.
While sales of compact cars, including models such as Swift, Celerio, Ignis, Baleno and Dzire declined, sales of utility vehicles, including Vitara Brezza, S-Cross and Ertiga, increased 26.3 per cent to 19,177 units as compared to 15,178 in the year-ago month.
Component makers don't see any recovery yet, but manufacturers believe the end of poor sales is nearing its end.
High performance supercar will be assembled in Caparo's upcoming Chennai plant, small car in two years.
With Mitsubishi pulling the plug on it the days of the Pajero maybe over, but nobody who ever owned one will forget it. Some even learnt life-long lessons from it, says Pavan Lall.
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.
Though the intent has been hailed as good for the economy, teething problems remain with a five-rate structure for various goods and services
While discretionary spend by global enterprises is likely to negatively impact all Indian IT firms, more revenues from products and less exposure to financial services segment are likely to lessen the impact for HCL Technologies and Tech Mahindra.
Companies also said confidence was yet to return among buyers, with many holding back their decision to buy cars.
At a time when new car sales are witnessing record decline in India, pre-owned vehicles are likely to witness 10 per cent growth in sales to touch 4.4 million units in 2019 with millennials emerging as major buyers, according to a report by consumer-to-consumer marketplace OLX.
The vehicle is expected to be rolled out in the first quarter of 2013.
ADP, Inc., one of the largest service providers in the HR and human capital space seeks talented freshers in India
Sources claim that 68-70 per cent of the workers at Halol are permanent ones, while the balance is tilted towards contractual workers at Talegaon.
The company said if the bookings kept pouring, it would have to plan a second work shift at its Noida plant to meet the demand.
The research firm ranked small car Chevrolet Spark as the leader in terms of quality in the compact car segment with a score of 127, mid-size sedan Chevrolet Aveo topped the midsize segment with a score of 109 while Chevrolet Optra (97) was ranked highest in the premium midsize segment, GM India said in a statement.
Maruti Suzuki, Hyundai, Mahindra and Toyota reported low single-digit sales growth for the month owing to weak market sentiment
Mandates have been handed out to staffing solutions companies such as Randstad India and TeamLease, officials at these firms have said, as players increasingly push into rural areas to capitalise on the uptick in the hinterlands.
'It won't help being complacent about the momentum and valuations of equities that currently exist.'
Merkel will co-chair the 5th IGC with Prime Minister Modi following which the two leaders will make press statements and a raft of agreements will be signed between the two sides.
India wasn't applying widespread crash testing like foreign countries do, so manufacturers didn't see the need for an investment focus on safety. Customers rarely walked into showrooms asking for the safest car. They wanted the cheapest or the most fuel-efficient or the best-looking car.
Leading automakers Maruti Suzuki, Hyundai and Tata Motors on Thursday reported robust sales in March as a shift towards personal mobility and pent up demand continued to help companies push dispatches to their respective retail partners. Toyota Kirloskar Motor, Honda Cars and Mahindra and Mahindra (M&M) also reported strong sales last month as compared to the year-ago period, when dispatches were adversely impacted due to the impending transition to BSVI from April 2020 and the nationwide lockdown to contain the coronavirus pandemic. The country's largest carmaker Maruti Suzuki India said its domestic sales stood at 1,49,518 units last month. The auto major had reported sales of 76,976 units in March 2020.
Leading automakers Maruti Suzuki India, Hyundai Motor, Kia Motors and Tata Motors reported sales growth in the domestic market in November, aided by robust offtakes amid the festival season. While Maruti Suzuki India reported marginal growth, Hyundai logged in its highest ever monthly sales in November. Others like Honda Cars India, Toyota Kirloskar Motor, Mahindra & Mahindra and MG Motor India also reported sales growth in November as compared with the same month last year.
2015 will witness exciting new car launches that will prompt you to buy at one of them.
ACMA has estimated the value of fake spare parts in the after-market at Rs 10,500-14,000 crore.
The market shares has already tumbled to 48 per cent from the earlier 56 per cent.
The industry players couldn't hide their disappointment.
Car makers are trying hard to boost sales in India.
There are 230 million vehicles on the road, and counting. Bulk of these are under seven years old and once they get older, the industry estimates the requirement for spare parts and aftersales service to shoot up sharply.
Stating that the forthcoming elections will delay the reform process and hurt growth, international rating agency Moody's on Monday said it expects growth to pick up to only 5.5 per cent in FY15.
The German luxury automaker has already seen its online traffic increase 10-fold this year. Though that has not always translated into sales, Mercedes-Benz says it is continuing to build on what it calls its "touch-free" experience to stay plugged into its consumer base. Under the used car business, more than 150 cars were sold online in January and February.
Automobile dealers' body FADA said the Budget lacked immediate demand boosters for the automobile industry.
If carmakers don't explore innovations to improve safety, they could be relegated to the garbage heap by new players, says Indrajit Gupta
'More than one brand in a showroom is too risky because customer loyalty in this market is low. Most people don't drive different cars made by the same manufacturer for a lifetime, they experiment.'
'Even during the lockdown, we have received many online enquiries and subsequent bookings.'
Is this the best motorcycle to buy in the 150cc segment in India?
