Palo Alto-based electric carmaker Tesla has initiated talks with the government on the modalities of setting up fully-owned retail outlets. The company needs to comply with the foreign direct investment (FDI) guidelines related to single-brand retail, including local sourcing norms, to sell directly in India. At least two other foreign majors - Apple and Ikea - were engaged in talks with the government long before the sourcing norms were eased under the single-brand retail route.
Launched back in 2016, the sixth generation Elantra has a lot going for it. The car has now entered the MotorBeam garage and here are our first impressions.
Every brand and company in India too will soon need a metaverse strategy, notes Sandeep Goyal.
While sales of compact cars, including models such as Swift, Celerio, Ignis, Baleno and Dzire declined, sales of utility vehicles, including Vitara Brezza, S-Cross and Ertiga, increased 26.3 per cent to 19,177 units as compared to 15,178 in the year-ago month.
Audi India launched the second generation 2016 Audi R8 at the show.
A weaker rupee against the US dollar and the Japanese yen along with margin sustenance pressures have forced companies to raise prices.
The German carmaker will not introduce all-new models in 2013. Plans to launch such variants too keep sales going.
Maruti Suzuki and Hyundai would make the largest gain.
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.
Volkswagen's new SUV is set to lock horns with half a dozen rivals, says Pavan Lall.
India's largest carmaker Maruti Suzuki India tightened its grip in terms of best selling cars with six of its models featuring in the top-10 list for the just concluded fiscal.
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.
Despite a rise in input costs, leading car-makers refrain from hiking their price.
The car, the cheapest in its category, will compete against the Maruti Suzuki Dzire, the Honda Amaze, the Hyundai Xcent and the Tata Motors Indigo CS.
Maruti Suzuki is the big exception, with double-digit surge in volume
Maruti Suzuki reported a 41.56 per cent jump in sales for August at 84,808 units. Hyundai Motor India reported a 12.92 per cent jump in domestic car sales at 24,401 units.
Tata now occupies the fourth slot with the incremental volumes from the Tiago
India's first home-grown mapping company MapMyIndia is looking to list in the public market by raising around Rs 1,200 crore at a Rs 6,000-crore valuation. Sources said the company is ready with its draft red herring prospectus documents and is likely to file as early as next week. While the money will be used for business expansion, it will also give MapMyIndia's early investors, including Qualcomm, PhonePe, and Japanese mapmaker Zenrin Co., a chance to exit. The Verma family, which founded the company, will continue to remain promoters.
The car will be priced aggressively compared to its rivals.
While offering discounts of up to Rs 1 lakh, Hyundai, Ford and Honda are also hiking prices by 1-2% from January, Swaraj Baggonkar/Business Standard reports from Mumbai.
Passenger vehicle wholesales in India increased by 12.73 per cent to 285,367 units in November as against 253,139 units in the same month last year riding on the back of festive demand, auto industry body SIAM said on Friday. According to the latest data by the Society of Indian Automobile Manufacturers (SIAM), two-wheeler sales rose 13.43 per cent to 16,00,379 units, compared with 14,10,939 units in the same month last year.
Market leader Maruti Suzuki sold 51,274 units, down 49.61 per cent from the same month last year. Hyundai Motor sold 21,320 units, a decline of 49.25 per cent and Mahindra & Mahindra sold 8,075 units, down 54.54 per cent.
The price differential has been upwards of 20%.
