The challenges of transition to stricter emission norm BS-VI from BS-IV and compliance to new safety norms thereby making vehicles costlier are lurking around the sector.
The price differential has been upwards of 20%.
August 2010 proved to be a good month for most auto manufacturers.
Japanese auto major Nissan is recalling around 12,000 units of various models.
These cars are priced between Rs 12 lakhs (Rs 1.2 million) and Rs 20 lakhs (Rs 2 million).
Sunil Munjal will pursue new business interests and lead Hero Corporate Services as its chairman.
Passenger vehicle wholesales in India increased by 17 per cent in the second quarter of the current fiscal year as buying sentiment improved and companies stocked up to cater to enhanced demand in the festive season, auto industry body SIAM said on Friday. According to the latest data by the Society of Indian Automobile Manufacturers (SIAM), passenger vehicles sales in the July-September quarter increased to 726,232 units from 620,620 units in the same period last year. Similarly, two-wheeler sales during the September quarter this fiscal rose marginally to 46,90,565 units as compared with 46,82,571 units in the same period last fiscal. However, commercial vehicles sales saw a dip of 20.13 per cent at 133,524 units in the quarter under review as compared with 167,173 units in July-September 2019.
The small car proves very useful and convenient for city driving.
MotoGP great Valentino Rossi rolled back the years to win the Qatar season-opener for Yamaha on Sunday with Italian riders sweeping the podium places after a thrilling duel under the Losail floodlights in Doha.
Reflecting the mood, passenger vehicle sales in November either remained muted or skidded for most manufacturers as high fuel prices and the higher cost of borrowing dampened buying sentiment.
Bharat Forge, world's second largest forgings company, will supply products to the US operations of Japanese auto giants Toyota and Honda.
Indian auto manufacturers are well poised to become "winners" in terms of global market share in the next five years to join the ranks of established players like Hyundai, Toyota, Honda and Volkswagen.
From Hyundai to Tata Motors, automakers are staring at a bleak future. With no succor provided in the Budget, the pain for companies is likely to continue for the next two quarters.
Car makers see a dip in demand from their biggest buyers, Ola and Uber. Demand from aggregators weakened for a number of reasons after a strong growth last year.
