Prime Minister Manmohan Singh on Thursday expressed confidence that the Indian economy, currently growing at an unprecedented 8 per cent for the third straight year, would expand by 9-10 per cent annually over the next five years.
Companies also said confidence was yet to return among buyers, with many holding back their decision to buy cars.
For Hero MotoCorp, India's largest two-wheeler company, it's a calculated gambit to revive Harley-Davidson whose ride in India has been anything but easy since it got here.When automotive firms embark on alliances, it's a roll of the dice on how such marriages will play out.
In continued post-demonetisation crackdown on black money, stashes of new notes continue to be seized in several states, including Rs 1.05 crore from a tea seller-turned-financier in Gujarat and nearly Rs 90 lakh in Andhra Pradesh.
A few days into the New Year and news about more car updates is doing the rounds.
The government plans to take India into the top 50 ranks in ease of doing business in the next two years with efforts such as shifting all applications for industrial licenses online.
Gujarat, Telangana to roll out policies to encourage manufacturing
Check out Hero MotoCorp's hottest new bike all set to be launched in India
Summary of sports events and persons who made news on Monday
Vehicle prices have gone up as manufacturers gear up for the transition to stricter emission norm BS-VI from BS-IV beginning April 1.
These cars are priced between Rs 12 lakhs (Rs 1.2 million) and Rs 20 lakhs (Rs 2 million).
As India expressed 'displeasure and disappointment" over the United States's decision to sell F-16 fighter jets to Pakistan, California Congresswoman Loretta Sanchez said that the she will patch things up with India soon on the issue.
Gurugram police has assured residents that it is drawing out a detailed plan to avert traffic jams during rains this year.
Once behind the wheel, the Volvo drives and feels like any other car, except that it now features another safety innovation, the City Safety System that automatically applies brakes on the car in case there is a lapse in concentration on the driver's part. This is particularly true in city traffic conditions where low speed mishaps are common. Volvo claims it helps lower the possibility of injuries to the occupants of the XC60
Automakers are caught in a chicken-and-egg situation: Prices have to come down if volumes are to increase, and volumes won't increase unless prices come down, notes Pavan Lall.
Figo Aspire will be the company's first ever sub-4 meter sedan.
The exercise is in keeping with SIAM's voluntary code on vehicle recall
With increasing competition and slowdown, auto firms are shedding old vehicles to make way for new ones.
Two bikes launched by Yamaha -- FZ F1 and FZ-S F1 -- are a bit expensive considering their mileage-enhancing technology. Still they will manage to reign over India's youth and steal market shares from Honda CB Trigger and Suzuki Gixxer 150
French auto major Renault on Wednesday said it will increase vehicle prices in India from next month to offset the impact of high input costs.
But will it sell?
Auto companies are looking to increase prices of their models mainly to offset higher input and operational costs.
The phenomenal success of Xcent, Grand and Santa Fe increased volumes creating positive momentum
These five vehicles are the most popular two-wheelers launched till date in 2016. However, 2016 is still on and we are expecting lot more exciting vehicle launches around the festive season.
Be it in terms of looks, features or safety, the Indian auto market is growing up
Formula One's first pre-season test ended in Jerez with Ferrari's Kimi Raikkonen fastest.
Maruti Suzuki India (MSI) on Monday reported a 29.1 per cent rise in total sales in October.
Companies like Yamaha Motor India, Honda Motorcycle and Scooter India, Suzuki Motorcycle India and TVS Motors are all geared up to launch bikes to shake-up Bajaj's stronghold -- the 150-250-cc segment
The number of participating automakers has fallen from 50 in 2018 to 30 this year. The count of exhibitors, including technology companies, has come down from 119 to 112. And showstopper luxury and supercar brands, including Toyota, Jeep, Lamborghini, Porsche, and Volvo will be missing. Similarly, the commercial vehicle makers also gave the show a miss -- a prolonged economic slowdown has dented their fortunes and near chances of any recovery.
The price differential has been upwards of 20%.
India isn't a very popular sports car market, simply because whatever is on offer in the country is very expensive
The entire range of Hyundai's diesel cars - from compact ones to SUV models, including the soon-to-be-launched Aura - will be eco-friendly.
Some of the notable models set to make a debut next year include the Tata Harrier, the Mahindra S201, the Kia SP Concept, MG Motors' Boujun 530, and the Honda HR-V.
December is a month of high retail sales for cars, as companies and dealers push stocks to clear inventories
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
The 17-lender consortium led by State Bank of India has also put the Flying Models, Funliner, Fly Kingfisher and Flying Bird Device on the block.
Analysts tracking listed companies like Hero Honda, Bajaj Auto and TVS Motors have said sales forecast for the two-wheeler industry for the next few months looks very bleak as spiralling input costs, high lending rates and reducing availability of finance will put brakes on sales growth. ICICI Bank's has already withdrawn from advancing loans at two-wheeler dealerships.
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