Ford dealers in India are staring at huge losses with the automaker deciding to shut production in the country with immediate effect, automobile dealers' body FADA said on Thursday. Terming the company decision as shocking, the industry body noted that the dealers have invested over Rs 2,000 crore in creating sales infrastructure while employing around 40,000 people across the country. "The auto retail fraternity is really shocked to hear another Ford India's announcement where it has said that it will shut down production with immediate effect," FADA president Vinkesh Gulati said in a statement.
The Interceptor 650 and Continental GT 650 have been game changers in the upper part of the mid-size segment, with compelling style and highway capability.
What worked for Hyundai in India when so many other auto manufacturers have had to eat humble pie? Pavan Lall finds out.
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.
While the Trump administration wants India to lower the trade barriers and embrace "fair and reciprocal" trade, India has raised tariffs on 28 items exported from the US in retaliation to America's withdrawal of preferential access for Indian products.
Focus on Berkshire's size has grown over the years as it has amassed more than 80 businesses
Trump congratulated Modi on his election victory and said that the two countries would work together in many areas including military.
Barely a month after breaking covers, the models -- the Jawa, the Jawa 42 and the Perak -- were sold out, reports Shally Seth Mohile.
On February 20 and 21 more than 12,000 riders and bike enthusiasts rode cross-country to Goa to celebrate the spirit and lifestyle of the Indian Biking community. Here's what happened at the annual bikers' meet at Vagator.
'Shah Rukh Khan has to like you, and then it is easy to work with him.' 'Aamir knows more than me when it comes to tattoos!'
The Carens is a warning for cars such as the Tata Safari, Hyundai Alcazar, Maruti Ertiga, Toyota Innova Crista and Mahindra XUV 700, because Kia punches much harder than others in its weight category.
High ground clearance, a wide cabin and tall stance all mean that the Carens glides over bad roads with ease and comfort and an engine performance that is adequate in terms of the power of this vehicle, says Pavan Lall.
Let's see which other lawmakers chose funky ways to get to Parliament:
The youngest in the new lot is Rahil Ansari, 38, who is heading Audi in India since February
ICT products make up a minuscule $ 407 million, out of the $ 35.54 billion of total inbound shipments from the US, as of now.
The lumbering Ambassador and Fiat cars, it ruled the Indian roads throughout the 1970s, while the Rajdoot and Jawa as well as the old Royal Enfield motorcycles trailed far behind.
The commerce department has said that earnings through the new tax will equal the losses faced by Indian industry after the US tariffs on steel and aluminium.
Aditya Chopra may be a household name in India, but few have seen his face, recognise his voice or know the brain behind the business outside his tight inner circle. The Romantics makes sure it has its own to brag about when he, finally, appears before the camera, notes Sukanya Verma.
The gap between Mercedes and the rest has narrowed and Ferrari "have something up their sleeve" at this week's season-opening Australian Grand Prix, according to champion Lewis Hamilton.
Arun Nadar reviews the Moto Guzzi Audace, a uniquely-styled, Italian cruiser with great dynamics and exclusivity
Ajit Balakrishnan on how to arrest a worldwide decline.
This is your chance, says Ranjita Ganesan
Over 10,000 km in a year but the bike still offers adequate amount of power on tap and a fuel efficiency figure to keep the pocket happy, says Naveen Soni
In September, sales of 125cc models - that include the Hero Glamour, Splendor, Pulsar 125, Victor Star City, among others - grew by a whopping 30 per cent over the same period a year ago to 305,615 units.
According to exporters, withdrawal of incentives under GSP would impact India's export worth $5.6 billion to the US.
Six intrepid mobike riders undertake a journey from Kashmir to Kanyakumari in support of the armed forces.
'The promises of netas and babus and new laws, however well-meaning, mean little.' 'What matters is implementation on the ground.' 'Every law is finally implemented by a vast army of offici
The high point of the trip will be Goyal's meeting with US Trade Representative Robert Lighthizer on November 13, which is expected to see the USTR push India towards lower import duties in a broad range of areas.
Photographer Dabboo Ratnani captures Bollywood's stars in a way only he can!
While buying a policy a customer should make sure s/he reads the terms and conditions very well. That is important because whatever is in the policy determines what the company is liable to cover.
The smallest of the Indian Motorcycle line-up comes packin' with a 1000cc V-twin, but how is it to ride? Benjamin Gracias took the Sixty out for a spin.
With 15% customs duty hike on locally assembled vehicles, it is cheaper to import from Thailand, says India MD
23-year-old Radhika Bopaiah is taking the modelling world by storm, walking the Indian ramp in a short bob.
According to experts, Tata Tiago JTP and Tigor JTP -- a sedan and hatchback -- are not only powerful and faster than every other car in the segment, but also in the segment above, including their peers Maruti Baleno RS, Volkswagen Polo and others.
With the United States adopting protectionist policies and hiking import duties, a trade war like situation has emerged.
For an increasing number of bike enthusiasts, the Royal Enfield is becoming a way of life
If Prashant Bhushan were to be allowed to go scot-free, it would open the floodgates for abuse of the courts, argues Virendra Kapoor.
Addressing the 'Namaste Trump' event at the Motera Stadium in Ahmedabad, Trump said that both the countries are in the early stages of discussion for an 'incredible' trade agreement to reduce barriers of investments.
Sex jokes. SRK's lover boy act. Sonu Sood's washboard abs. The Happy New Year team went all out to woo their New Jersey fans with their SLAM! tour!
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