'I have personally been very keen on investing in lithium ion battery technology for some time.'
The GST Council last year imposed a cess of 15 per cent on hybrid vehicles, in addition to the 28 per cent GST, leading to a total tax burden of 43 per cent against a previous tax rate of 28 per cent.
Sales of passenger vehicles in India are likely to grow at 14.9 per cent each year to touch the 2.1 million mark by 2010.
Car maker Maruti Udyog Ltd on Thursday said it has recorded highest ever monthly domestic sales for January at 62,248 vehicles a growth of 28.3 per cent over the corresponding month last year.
The hatchback has been priced strategically at a notch above the Nano and way below the Tata Bolt.
Auto major General Motors India on Friday launched its premium hatchback car, the 1.2 litre petrol Chevrolet Aveo U-VA at Rs 3.99 lakh (ex-showroom Delhi).
Customers can also book the Datsun redi-GO online through Snapdeal.com
"We see high market potential with growing population of Indian middle class families aspiring for more advanced features like safety, space, luxury and comfort," Toyota Kirloskar Motor's MD Akito Tachibana told reports at the Auto Expo in Greater Noida last week.
Automobile sales in India started on a high note this fiscal with cars and bikes witnessing an over 16 per cent surge in demand in April even as commercial vehicles saw numbers gain to the maximum, rising by a whopping 68.5 per cent.
Japanese auto major Nissan unveiled its compact car redi-GO under the Datsun brand that will hit markets in June.
Maruti has plans to rev up sales of the Dzire, India's fourth most-sold car, by relaunching it.
The company sells a range of vehicles from three-wheelers to high-end sports utility vehicles.
"Nano is like an open canvas for us. We have the option of positioning it on the lines of the (Volkswagen) Beetle or the (BMW) Mini."
Domestic car sales went up by 15.89 per cent during December 2002 as auto-makers like Maruti, Hyundai, Tata Engineering and Honda witnessed increased demand during the month.
After GM's India exit, Ford-Mahindra 'strategic alliance' under spotlight.
While the share of diesel vehicles sales in the overall passenger car industry has already fallen sharply, sales of CNG vehicles have shown a compound annual growth rate of 15.5 per cent over the past five years.
Toyota has capacity to manufacture 310,000 vehicles at its two plants located near Bengaluru
The first month of the new fiscal year saw a slight change in sales trends as market leader Maruti Suzuki saw a decline in sales of its popular models.
The car will rival Honda City, Hyundai Verna, VW Vento and Skoda Rapid.
The offers mostly include free insurance, exchange bonus, and free accessories
With the Thar, M&M has come full circle. In a market where every other vehicle has an SUV tag, the company plans to stick to its core competence of making rugged, true-blue, all-terrain SUVs, and marks a fresh beginning for the 75-year-old firm that enjoyed an indomitable position in the SUV segment till 2012, reports Shally Seth Mohile.
General Motors India on Wednesday launched two variants of its mid-size car Opel Corsa.\n\n\n\n
Maruti is now at a market share of 50.4%, up from 47.3% last year. In China, the world's biggest market, Volkswagen is the largest, with a share of 17%. In America, the second biggest, GM is leader with 18%. One exception is South Korea, where Hyundai has a market share in excess of 60%.
According to a senior Tata Motors official, the company is taking aggressive steps to correct its product portfolio, with a more 'cleverly defined and targeted strategy'.
For players like Toyota Kirloskar and Ford, the contribution of UVs to overall sales is now well over 60%.
Audi India launched the second generation 2016 Audi R8 at the show.
The Nano will get some upgrades on this year's model year.
Japanese car major Nissan on Tuesday said will hike the prices of its vehicles, including hatchback Micra and sports utility vehicle Terrano in India, by up to 4 per cent from next month in order to offset the impact of rupee depreciation and escalating input costs.
It lacks the finesse of its direct rival, the Hyundai Creta, but otherwise it is fun to drive and power is in abundance too
Manufacturer Nissan plans to get aggressive with brand communication and increase the number of customer touchpoints through showrooms, experience zones and other initiatives.
What will it take for Tesla to plug and play in India? Sector pundits say it's a mix of strategy, getting the price right, timing, the right talent, and above all, patience.
A record number of 85 products will be launched.
There are rumours that Ajay Singh who previously headed SpiceJet may get an investor to bail out the airline of dire consequences.
Maruti's exports are limited and mainly to countries in Africa and Latin America.
Logistics, due to road conditions, continues to pose a challenge.
On the highway, it pulls along with ease and offers smooth commuter ride and drive experience, and also has little competition, says Pavan Lall.
German car-maker Volkswagen on Thursday said it will increase its vehicle prices by up to 2.5 per cent in India from next month in order to offset impact of high input costs.
