Mahindra and Mahindra will invest Rs 500 crore to set up a new manufacturing unit at its Nashik facility to produce multi-utility vehicle Ingenio.
Maruti, Hyundai, Tata Motors, Mahindra & Mahindra and Honda saw their passenger vehicle sales improve in August compared to the same month last year, although Ford and Toyota witnessed a decline.
The National Investigation Agency on Monday filed a chargesheet in the Pathankot airbase terror attack, naming Pakistan-based Jaish-e-Mohammed chief Masood Azhar and three others of his organisation as accused.
Ford is among several multinational automobile companies in India for whom exports now bring bigger volumes than local sales.
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.
While customers in metro cities are still buying cars, quick growth is likely only from upcountry markets, where highways and roads are being built, and discretionary income and aspirations are rising.
Several carmakers, including car market leader Maruti Suzuki India pulled the plug on diesel models citing higher costs for BSVI variants leaving buyers with limited options.
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.
Utility vehicle and tractor manufacturer Mahindra and Mahindra on Monday said it will invest Rs 100 crore (Rs 1 billion) on capacity expansion
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Maruti has announced it will phase out diesel variants from April 1, 2020, when stringent BS VI norms take effect
Domestic passenger vehicle sales declined 0.84 per cent to 2,63,773 units in November from 2,66,000 units in the year-ago period. Motorcycle sales, too, declined 14.87 per cent to 8,93,538 units. Vehicle sales across categories registered a decline of 12.05 per cent to 17,92,415 units from 20,38,007 units in November 2018.
The industry said if the policy was announced, it would have taken 28 million vehicles bought before March 2005 off the road.
An increase in sales across all categories in the automobile industry, has made need for higher working capital inevitable.
Despite a rise in input costs, leading car-makers refrain from hiking their price.
The increase in PV sales in September was driven by festive season purchases, with SUV models like Maruti Suzuki's Brezza, Hyundai Creta, Mahindra Scorpio, Ford Ecosport and Honda W-RV witnessing good traction
'While most companies were bullish before the second wave of double-digit sales growth in FY22, that may not be the case now.'
The passenger car segment, in comparison, remained sluggish and grew a modest 1.9 per cent to 162,566 units in April
The compact segment where Sonet will be launched is crowded with the Maruti Vitara and Brezza, which top the sales' list, and a bevy of models from Mahindra & Mahindra apart from Hyundai's offering. But volumes in this are slightly higher than those in the mid-segment, making it attractive, says Surajeet Das Gupta.
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The NSE Nifty gained 77.85 points, or 0.71 per cent, to finish at 11,008.30. Intra-day, it shuttled between 10,821.55 and 11,035.65.
Auto loan costs remain stubbornly high.
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M&M said the ongoing economic slowdown in the automotive industry was mainly on account of inadequate funding and high interest cost. The company's domestic sales in November were down by 41.55 per cent at 10,430 units compared to 17,844 units last year.
In all likelihood, the next conventional Chinese attack on India would be preceded by a massive cyber attack designed to cripple Indian networks and interfere with our disaster-relief programmes.
The commercial vehicle business is one of the mainstays for the Tata group, highlighting the importance of Girish Wagh's appointment.
The recall will affect 2,910 units of the sedan version of Sail and 1,090 units of compact car variant of the model.
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.
Automobile companies are worried about challenges from electric mobility, automation and connected vehicles.
Ruural markets contribute a significant chunk of SUV sales and there was a slowdown in demand from semi-urban and rural areas.
Despite some manufacturers giving the Expo a miss, there will still be plenty of action.
December is a month of high retail sales for cars, as companies and dealers push stocks to clear inventories
While hybrids, CNG and biofuels found favour in 2018 among many carmakers including Maruti Suzuki, Mercedes-Benz, Toyota and Honda, others such as M&M and Tata Motors have shown full faith in electric vehicles.
On Reva, Mahindra says electric cars are an innovation that can disrupt the automobile sector.
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.
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.
