Prices across all models starting from Eon to Santa Fe has been hiked in the range of Rs 15,000 to Rs 127,000
The industry needs stimuli to help revive consumer demand and conversions.
Maruti Suzuki and Hyundai would make the largest gain.
General Motors India Vice President P Balendran termed the decision as a positive move for the overall economy.
Can paying Akshay Kumar Rs 50 crore to become brand ambassador for the 100cc commuter bike, the Dream Yuga, help Honda Motorcycle & Scooter India (Private) Ltd take the number one position by displacing Hero MotoCorp's hot-selling splendor? Of course not, feels biking enthusiast and blogger Faisal Ali Khan.
Fiat India Automobiles Ltd, a 50:50 joint venture between Italy-based Fiat SpA and domestic auto major Tata Motors, plans to position the car in the premium hatchback segment along with Maruti Suzuki's Ritz, Hyundai's i20, Skoda's Fabia and to be launched Honda Siel's Jazz, the company said.
Maruti Udyog Ltd has been rated the 'most trusted' passenger car company of the country, according to a survey by global research firm TNS.
Companies are drawn to the parks by the infrastructure and ready-to-occupy land.
Domestic and foreign companies pour in a slew of investments in Gujarat.
Car maker Maruti Suzuki India Ltd on Monday reported a 15.75 per cent jump in the total sales in May at 79,872 units as against 69,001 units in the same month last year.
The Verna will be placed in the upper end of the segment priced between Rs 6.21 lakh and Rs 6.36 lakh for the petrol variant and Rs 7.35 lakh for the diesel variant.
There are a whopping 10 sedans slated for a launch in India this year. Rajesh Karkera/Rediff.com gives the lowdown.
As per SIAM data, vehicle sales across categories, including passenger vehicles and two-wheelers and commercial vehicles stood at 18,21,490 units last month as against 23,82,436 units in August 2018, a fall of 23.55 per cent.
In April, MSI had recalled 1,03,311 units of its popular models -- Ertiga, Swift and DZire -- manufactured between November 12, 2013 and February 4, 2014 to replace faulty fuel filler neck.
Auto component makers in India are bracing for a tough time. High absenteeism among workers owing to Covid-19, shortages of critical parts, and temporary closures of plants by automobile manufacturers have thrown a spanner in the works for the Rs 3.2-trillion sector, which derives 60 per cent of its revenues from automobile original equipment manufacturers (OEMs), with the balance split equally between replacement demand and exports. Car market leader Maruti Suzuki India on Saturday said it was extending the maintenance shutdown, which was from May 1 to 9, till May 16, "keeping in view the current pandemic situation". Some activities will continue in the plants.
The quantum of price increase will vary from Rs 5,000 to Rs 20,000 across all models, the company said in a statement.
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.
This is the first time a state is asking for PAN card for two-wheelers
Which were the five businesses Ratan Tata had great hopes for, but his successor failed to deliver?
Famous and long believed to be trusted Indian brands have wilted against foreign brands, says Mohan Guruswamy.
Ford India and Renault too reported good sales growth in April
These automotive companies were afraid of competition and made wrong accusations on grounds of safety.
India will have to deal with the question of whether broadband service providers are 'common carriers', like highways.
'Modi and Abe are working seriously for India-Japan bonhomie to grow stronger.' 'It is a win-win situation for both countries and the future look promising,' says Rajaram Panda, the Indian Council for Cultural Relations India Chair Visiting Professor at Reitaku University, Japan.
Ten trade unions with a combined membership of 15 crore workers in public and private sector, including banks and insurance companies, are on a nationwide strike to protest against changes in the labour laws.
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