Indian cricket fans were feeling pain rather than anger on Thursday as they tried to come to terms with their team's shocking World Cup semi-final defeat to New Zealand.
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.
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.
All of south Mumbai and parts of central Mumbai are without power on Tuesday after a unit of Tata Power tripped.
Mahindra & Mahindra's ambitious foray in the United States, a first by an Indian automobile company, is to take place by the year-end, with the launch of a couple of compact diesel-driven, pick-up truck models.
Besides regular buyers, there is lot of interest among those in essential services, such as health, banking, and IT. The sales will be helped by social distancing becoming the new normal in both urban and rural regions as people will be averse to using public transport.
Mahindra & Mahindra, which has been aggressively trying to make inroads in the 7.3 million units per year motorcycle market with the help of Bollywood actor Aamir Khan, has failed to create much excitement, with sales slipping 36 per cent last month from the previous one.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Almost every company launched a new product in FY16.
Reliance Industries rose by 1.16 per cent while ITC and ICICI Bank zoomed up to 2 per cent, lifting the indices to all time high levels.
TUV300 will take on the likes of Ford EcoSport and Renault Duster that are priced between Rs 7.88 lakh and Rs 13.54 lakh.
Maruti Suzuki India and Tata Motors reported decline in sales during June this year.
The measures government takes next to push economic growth will be the key for automotive sector
Mahindra aims to sell in excess of 50,000 units combined annually in that country.
A study by second-hand car dealer CARS 24 showed 42 per cent of the consumer feel the need for a car to travel safely now. Those who used cabs to commute before the pandemic want to buy a car for the family and a two-wheeler for shorter runs.
Market leaders Maruti Suzuki and Hyundai, who together control two-thirds of the domestic market, have not yet firmed up a decision on raising prices.
Later Mahindra Satyam said its board of directors has allotted 19.86 crore additional shares to Venturebay, which would take Tech Mahindra's stake to approximately 43 per cent of the outstanding share capital. A Tech Mahindra spokesperson said after the preferential allotment Venturebay's stake in Mahindra Satyam would be 42.7 per cent.
News of all that transpired on and off the football field.
While directly holding city-based utility vehicle and tractor major Mahindra & Mahindra responsible for a potential job loss to the tune of 8,300 in the United States, its former partner Global Vehicles has called for stricter actions.
During May, Maruti Suzuki's domestic car sales were up 2.59 per cent at 87,402 units as against 85,190 units in the same month last year.
Maruti, Honda and Tata Motors posted highest sales growth during the month
The denial rate jumped from 4% to 41% for Tech Mahindra, from 6% to 34% for TCS, from 7% to 53% for Wipro and from just 2% to 45% for Infosys.
'The fiscal pressure will be there, but the intent of the government behind this move is to spur demand and growth.'
Parts of electric cars are costlier and repairing often means replacing an entire system, which drives insurance premium rates up.
The automobile maker entered the passenger car segment last year with only one model, but failed to impress the market. It is now banking on new launches to boost sales.
While some carmakers are lowering their sales targets, Maruti Suzuki DZire, M&M XUV500 and Renault Duster are selling strong.
Irrespective of demonetisation and GST blues, IIM Lucknow has been able to successfully place their batch of 459 students.
There was no sale of premium sedan Kizashi during the month.
These companies had threatened to leave Maharashtra and invest in other states when the state government had brought amendments to the Maharashtra VAT Act with effect from April 1, 2011, and made net sales the basis for VAT set-off claims.
Declining motorcycle sales remained a cause of worry.
Mahindra & Mahindra Ltd is to pick up a majority stake in US-based Bristlecone Inc, an enterprise resource planning company, through a new overseas joint venture company with an investment of up to $7 million.
Maruti Suzuki is the big exception, with double-digit surge in volume
The vehicles affected by the recall are manufactured between September 2011 and July 2014.
In the first 4 months of CY17, Honda has sold 14% more units than Tata Motors
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.
During April, Maruti Suzuki India's domestic car sales were up 2.72 per cent at 86,481 units, as against 84,188 units in the same month last year.
For deciding which vehicles are to be scrapped, the setting up of fitness centres and regulating them would be a humongous task.
Fuelling competition in the Indian mid-size car market, Mahindra-Renault on Tuesday unveiled 'Logan' - an entry-level no frills sedan - with prices starting at Rs 4.28 lakh for the base petrol variant.
