Tata Motors on Friday hinted that it may increase the prices of its cars due to continued pressure on margins because of increased input and freight costs.
For Maruti Udyog, the largest player in this market, the number of cars sold under the exchange scheme has nearly doubled.
The government will raise at least Rs 2,250 crore (Rs 22.5billion) for selling its residual stake in the country's top carmaker Maruti Udyog Ltd to banks and financial institutions, as it has fixed a floor price of Rs 760 a share.
The two petrol models of the Logan are priced between Rs 428,000 and Rs 644,000, while its diesel model's price range is Rs 547,000 to Rs 651,000. The range overlaps the pricing of the premium hatchbacks as well as of mid-size cars.
Leading carmaker Hyundai Motor India Ltd on Monday announced plans to roll out a CNG version of its bread-and-butter hatchback Santro by this year-end or early 2008.
Sales of passenger vehicles in India are likely to grow at 14.9 per cent each year to touch the 2.1 million mark by 2010.
The CCD is likely to take up, among other issues, the highly successful public offer of car market leader Maruti Udyog Ltd.\n\n\n\n
Maruti Udyog Limited said on Tuesday it has sold over two lakh units of its entry level hatchback Alto during last 11 months.
Boosted by Maruti Udyog Limited and Hyundai Motor India's sales of compact models, the domestic market posted 24 per cent growth in car sales to 1,04,488 units last month compared with 84,235 units in January 2006.
Car major Hyundai has announced a price hike prices across models, including recently launched Verna, between 1 to 1.5 per cent.
Hyundai Motors India has flown in over 90 robots from Korea to work on assembly lines in its factory near Chennai. The results are better than expectations
Many Indian ports were paralysed on Wednesday and food prices nationwide started soaring as a truckers strike dragged into its third day.
With the Union Budget nearing, excise duty on cars is back as a topic of debate.
Maruti Udyog Ltd launched a limited edition new variant of its best selling model, Alto, on Wednesday that will be costlier by about Rs 8,000 from the existing model.
The Indian auto industry witnessed contrasting fortunes in the domestic sales of cars and motorcycles in August with the former continuing in the double digit growth path, while bikes slowed down to just 3.43 per cent.
Maruti Udyog Ltd will hold 70 per cent stake in the new subsidiary, while the remaining would be with the Japanese company, MUL Managing Director Jagdish Khattar told reporters in New Delhi after the company's board meeting.
Automobile sales in India started on a high note this fiscal with cars and bikes witnessing an over 16 per cent surge in demand in April even as commercial vehicles saw numbers gain to the maximum, rising by a whopping 68.5 per cent.
Maruti Udyog Ltd, India's biggest carmaker, would set up a Rs 350 crore (Rs 3,500 million) diesel engine plant at Gurgaon in line with its plan to become a major player in diesel vehicles in a couple of years.
Take the rediff business quiz and see how much you know about the successful initial public offers by Indian companies ranging from automobiles to oil refiners.
The Maruti Udyog Ltd's scrip on Wednesday opened at Rs 158.40 on the Bombay Stock Exchange.
Contrary to domestic sales, passenger car exports have declined during May 2005 by 4 per cent to 13,460 units as compared to 14,048 units in May 2004.
The government on Friday formally invited offers to sell over 7.2 crore (72 million) shares in its joint venture car company Maruti Udyog Ltd, as part of its decision to divest 25 per cent equity through public offer.
Captains of the Indian industry on Monday welcomed the Union Budget 2005-06 describing it as growth-oriented.
Passenger car sales saw a modest single digit growth in the domestic market in January 2005 at 8.17 per cent even as motorcycles continued their strong run, witnessing a 22.8 per cent jump fuelled by higher demand for Hero Honda and Bajaj Auto bikes.
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