The industry players couldn't hide their disappointment.
With slowing sales and to avoid inventory accumulation, Toyota Kirloskar Motor Pvt Ltd has planned to cut production of passenger cars and utility vehicles at its factory in Bidadi, 35 km from Bangalore.
Maruti Suzuki and Hyundai would make the largest gain.
Most technology companies such as Infosys and Wipro, multinationals such as Amazon and IBM, and start-ups such as Flipkart have made the city their home thanks to its salubrious climate, cosmopolitan culture, and the ability to get talent locally
Apart from a pavilion of vintage cars, there will be a Bollywood corner
The measures government takes next to push economic growth will be the key for automotive sector
Toyota has set up two manufacturing plants at Bidadi, about 35 km from here, with a combined capacity of 310,000 units a year.
Sidharth Narayanan who has spent 15 years in the IT industry, shares his insights from his personal experiences.
Thousands of retail investors are reaping the benefits of the disruption that the latest technologies have brought to the equity market. Brokerage firms are aggressively investing in technologies such as artificial intelligence, machine learning, big data and analytics, social media, chatbots, virtual assistants and so on.
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Condusive climate across states is crucial for manufacturing growth.
Car sales dipped by 2.55 per cent in October, as the festival season demand for auto remained in slow lane.
The 71-year-old MP may have time to pursue her other interests, but many believe that she will continue to play the role of a mentor.
How to shield brand McDonald's? While consumers may have ignored the legal battles plaguing the franchise in north and east India, closure of restaurants is not something they are likely to ignore.
Sun Pharma stock has appreciated at 35% a year for 20 years
Auto, tourism exceptions but major sectors otherwise saw decline in FY13 inflows.
Automobile makers in India are embracing taxi-hailing apps such as Uber and Ola, hoping to ride on their expansion to sell more cars, a contrarian view to companies in Western markets that fear a drop in car sales due to them
A weaker rupee against the US dollar and the Japanese yen along with margin sustenance pressures have forced companies to raise prices.
During September, Maruti said it dispatched 1,375 units of the soon-to-be-launched sedan Ciaz.
While retail sales at dealerships have suffered the full impact of demonetisation, the growth in wholesale volumes comes as dealers had relatively lower inventory after Diwali in October.
Falling margins, high inflation pitting workers against management.
One of the smallest players in India's car market, it is banking on new-look Etios to make inroads into the personal vehicle segment
High-end mid-sized sedans, comfy SUVs and entry-level luxury models steal their show.
The Competition Commission of India (CCI) on Monday slapped a penalty of Rs 2,545 crore on 14 top carmakers of the country for violating trade norms in the spare-part andafter-sale service market.
Over 22 passenger and commercial vehicle makers and 18 two- and three-wheeler makers will take part amid proximate security.
Formal announcement of venture into new segment on Thursday; group's entry timely, given the demand, say experts
Mercedes Benz, BMW and Audi have sharply increased their sourcing from India.
Turns down firm's plea for stay on CCI order; final order pending
During his lifetime and after, Ambani aroused extreme responses in others.
