Sales of commercial vehicles rose 8.59 per cent to 56,140 units in September, SIAM said.
'If the minister does not resign, then it will be the darkest incident of Indian democracy where power prevailed over the people.'
According to research by IHS Markit, for an ecosystem still grappling with infrastructure issues -- the high cost of EVs and a greater OEM (original equipment manufacturer) focus on electrifying two-wheelers and commercial vehicles first -- the share of such vehicles is expected to be 4 per cent by 2030, reports Pavan Lall.
Renault says that one of the reasons why its sales look muted when compared to its peers is its limited reach.
Reliance improved its ranking this year to 121 from 142 last year, with a market value of $50.6 billion and assets worth $91.5 billion.
The reserves rose to $501.70 billion helped by a whopping rise in foreign currency assets, the latest data from the Reserve Bank of India.
The two giants of Indian football, Mohun Bagan and East Bengal, are facing turbulent times. On the pitch, East Bengal finished a respectable third in the 2012-13 I-League season, while Mohun Bagan finished a disappointing tenth.
Sensex plunges 322.39 points to over 1-month closing low of 27,797.01; Nifty tumbles 97.55 points to 8,340.70.
Ahead of the international auto show that begins next Wednesday, the Indian auto industry continues to be buffeted with bad news. According to data released by leading automobile companies on Saturday, the industry's sales volumes in January fell about five per cent from those in the same month last year.
Nifty50 surged 145 points to close at 8,468 after hitting an intra-day high of 8,475.
Kotak Mahindra Bank's acquisition of ING Vysya Bank is the country's first ever amalgamation of a profit earning entity post the global financial meltdown in 2008.
'Elevator rules deem no more than two people for a unit that carries six people, and as an employee enters the office, there are three masks to be used for five hours each a day, then disposed and one for the next day as well.'
The demand has gradually shifted from 16-tonners to 25-tonners and is further shifting in favour of 31-t and 37-t trucks.
The broader markets were firm with mid-caps and small-caps gaining 1-1.4 per cent on the BSE.
Product launches to drive incremental volume growth for players such as Maruti Suzuki; medium and heavy commercial vehicle revival on track.
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.
Top losers are Sun Pharma, Bajaj Auto, L&T, ITC, Hero Moto.
Prices third Nexa car aggressively at Rs 4.59 lakh, to take on Hyundai's i10Grand and M&M'S KUV100.
Investment in market leaders with a safety-first approach could yield reasonable returns across sectors.
Mahindra & Mahindra on Tuesday launched its flagship vehicle 'Scorpio' with common rail diesel engine to meet the BS III auto emission norms.
Equity benchmark Sensex tumbled 674 points on Friday, weighed by losses in banking stocks as an unabated spike in new coronavirus cases fuelled uncertainty over the economic impact of the pandemic. After hitting a low of 27,500.79 during the day, the 30-share BSE barometer ended 674.36 points or 2.39 per cent lower at 27,590.95. The NSE Nifty shed 170 points, or 2.06 per cent, to finish at 8,083.80.
The strong domestic growth for new vehicle sales during 2008-12, which witnessed a compounded annual growth rate of 14 per cent, led to an increased inventory of used cars, thanks to trade-ins.
With no signs of economic revival under the current political circumstances, SIAM said it expected a turnaround in the fortune of the auto industry only after a new government is formed after the general elections next year.
'It is a balanced and prudent Budget that sets the foundation for future growth in the economy.'
Franklin Templeton Mutual Fund, which has closed six debt schemes, has said the winding-up process will be delayed in the absence of authorisation from investors and further steps will be possible only after seeking fresh approval from them. It further said that investors who do not have an e-mail ID or mobile number registered with the fund house will not be able to participate in the voting process. The date on which the voting would start has not been disclosed yet.
Gujarat, Telangana to roll out policies to encourage manufacturing
Markets finished the session on a dismal note with Sensex closing at its lowest level since August 2014.
Mahindra & Mahindra has posted a 34.8% rise in sales for the fiscal 2003-04 at 1,15,782 vehicles as against 85,835 in 2002-03 while its SUV Scorpio at 23,976 units posted a whopping 103.3 per cent rise over the previous fiscal.
Mahindra and Mahindra Ltd will reduce its debt below the Rs 600 crore (Rs 6 billion) level in the next financial year and is planning to ramp up production of the sports utility vehicle Scorpio to over 2,500 units per month shortly.
Mahindra and Mahindra expects its market share in the utility vehicle segment to substantially go up with the launch of two new products under Bolero brand, according to a company official.
Real Kashmir FC proudly represents a region whose scars are getting a chance to be healed by the beautiful game.
Striking workers lacked support in the Pimpri-Chinchwad-Chakan belt.
Mahindra and Mahindra on Friday reported a 48 per cent rise in domestic vehicle sales in September on the back of good demand for utility vehicles and three-wheelers.
