In the month of August Indian car industry posted sales of 160,794 units and the industry grew 33 per cent.
7 Maruti models among top 10 best selling passenger vehicles in April
After sinking 586 points during the day, the 30-share index ended 503.62 points, or 1.29 per cent, lower at 38,593.52. The broader NSE Nifty plunged 148 points, or 1.28 per cent, to 11,440.20.
If the drop in sales over the past two years is anything to go by, India's dream of putting seven million electric vehicles on road by the end of this decade has come a cropper.
E-vehicles may face pollution hurdle with hazardous batteries. One lithium-ion battery has a potential to poison the whole water aquifer of Delhi.
Automotive major Mahindra and Mahindra has posted a 24.8 per cent rise in vehicle sales, including three wheelers, at 12,055 units in November 2004 as against 9,662 units in same period last year.
Mahindra & Mahindra is planning to set up a 2,50,000 units per annum commercial trucks plant in Maharashtra in association with US-based International Truck and Engine Corporation.
Maruti has announced it will phase out diesel variants from April 1, 2020, when stringent BS VI norms take effect
Joint crack team of Maruti, Tata Motors, M&M to develop hybrid cars in India
M&M's profit before tax from the farm equipment segment rose 31% last year to Rs 2,562 cr
Maruti Suzuki India continued its grip in the passenger vehicles market in India with five of its models in the top ten best selling models in June.
Component makers don't see any recovery yet, but manufacturers believe the end of poor sales is nearing its end.
Europe's leading car maker, Groupe PSA, officially announced its re-entry in India this April with the Citroen brand. Citroen C5 Aircross SUV will challenge the likes of Mahindra XUV500, Tata Harrier, Hyundai Tuscon, Jeep Compass and the upcoming MG Hector. The C5 Aircross will be the first of several differentiated products from the company's vehicle manufacturing unit in Tiruvallur, Tamil Nadu.
Mahindra and Mahindra has posted a 52.21 per cent rise in sales of utility vehicles at 8,638 units in February compared to 5,675 units sold in the same month of 2003.
The investment will be made through a joint venture with Toshiba and Denso. The battery is the most expensive single part of an EV.
'The news about the new virus strain in the UK provided them with an opportunity to take money off the table.'
Mahindra and Mahindra has recorded a 23.6 per cent rise in automobile sales during December 2003 to 8,549 units from 6,916 units in the same month last year.
Demand for passenger vehicles has been driven by new models, especially in the SUV category with the likes of Maruti Vitara Brezza and Hyundai Creta clocking good numbers
National Anti-Doping Agency chief Navin Agarwal confirmed the former India captain was tested by NADA officials in March but declined to elaborate further.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Mahindra & Mahindra is planning to invest Rs 1,000 crore on capacity expansion in the next three years, and was also planning to set up assembly units in Russia and Malaysia, according to Pawan Goenka, president (automotive sector) of M&M.
Sales of commercial vehicles rose 5.30 per cent to 52,481 units in January this year, SIAM said.
During September, Maruti said it dispatched 1,375 units of the soon-to-be-launched sedan Ciaz.
A rebound in oil prices, FII outflows and concerns over current account deficit weighed on the domestic currency, pushing it to fresh life-time lows.
This will help M&M secure a stable line of dealerships fairly quickly, which otherwise is time-consuming and painstaking. Chrysler LLC last month decided to terminate business with 789 dealers -- nearly 25 per cent of its total dealership -- as part of its restructuring process. Mahindra is moving into the US at a time when recession has forced companies to slash jobs, pushing auto sales to the lowest in three decades.
Many chief executives said they were talking to people at the top level in their organisations to find how their companies can help the flood victims.
Increased truck sales, new models push Leyland's share to 34%, from 30.2% in the same quarter a year before.
Mahindra and Mahindra on Wednesday said it would attain annual production of 6,000 tractors in China by the end of these fiscal, months after it began operations in the country through a joint venture.\n
Auto loan costs remain stubbornly high.
Car sales likely to touch record 3-mn mark by the end of March.
Sales of commercial vehicles were up 11.45 per cent to 56,840 units in December 2015.
Everyone has an eye over this segment which contains some of the most stylish cars in the country.
Auto component companies -- especially the mid-size and small ones -- are facing an uphill task to stay afloat as banks have become tight-fisted in giving credit and vehicle makers are cutting orders to combat the slowdown in sales.
India's biggest utility vehicle player Mahindra & Mahindra will spend close to Rs 300 crore ($60 million) towards brand-building and promotion as it prepares to launch its vehicles in the largest automotive market in the world - the United States.
Riding on a stock market boom since 2009, India Inc's chief executives have been able to salvage a lot of lost pride in their second innings.
Toyota's India unit will also source two cars manufactured by Maruti Suzuki, the Baleno and Brezza, including their hybrid variants, and in return Toyota will offer its Corolla sedan to Maruti.
