The country's second largest two-wheeler maker Bajaj Auto Ltd (BAL) on Monday joined hands with Renault-Nissan to launch a small car in India by 2011 that will compete with Tata Motors' Nano on price point - Rs 1 lakh.
Tata Motors' Nano, the world's cheapest car that costs slightly more than some premium bikes available in the country, is unlikely to wean away buyers from the two-wheeler segment, an industry official said on Friday. "I don't ascribe to the idea that the introduction of low priced cars in the market will affect the two-wheeler segment," S Balasubramanian, executive vice-president for operations & marketing, TVS, Srichakra Ltd said.
Leading vendors of the Tata Motors' Nano project intend to set the ball rolling to return their land in the ancillary park area at Singur and said they aim to begin talks with the West Bengal Industrial Development Corporation on the issue immediately.
The distinction between "cheap" and "affordable" is a fine one, but no one understands this better than India's aspirational first-time car-owner, says Kanika Datta.
The Nano price point would see a 65 per cent increase in the number of families that can afford a car.
The ultra low cost car (ULC), which will be competing with Tata Nano, aims to better the mileage of 23.6 km/lt, given by the world's cheapest car from the stable of Tata Motors.
The 125-km stretch covering Sanand, Hansalpur and Vithalapur, with connected nodes at Kadi and Halol, is set to emerge as the next major automobile hub in India.
After land survey, field survey would start and on completion of that process, the land owners would receive their respective lands
Tata, whose latest investment was in Ampere, a start-up that produces electric two-wheelers and three-wheelers from Coimbatore.
That means a manufacturer looking at a market like India needs to decide whether small, cheap cars or small, expensive cars or both will work better for them, says Pavan Lall.
First time in 13 years the company has declined payment of dividend.
Mukund Rajan, who worked closely with Ratan Tata, recalls the unique experience of working with the corporate titan.
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.
In power, Mamata Banerjee has tried to bury the ghost of the past, but it might still be work-in-progress. Big-ticket and eye-grabbing (in terms of investment size) projects are still few and far between, reports Ishita Ayan Dutt.
Maruti, Hyundai & Mahindra together had 72.5% market share in year's first half.
Ratan Tata was the first one to realise that Indian companies had become a prisoner to tradition and needed to radically innovate.
Among key stocks, Tata Motors, Hero MotoCorp, L&T, Wipro, ICICI Bank, Dr Reddy's Labs and ICICI Bank, all up between 1%-3%
Cyrus Mistry had put in place a strategy that would have pulled most of the Tata group's 'legacy hotspots' out of the financial mess from legacy issues and helped turn around the group's finances.
The new car, which would come in four variants and two options, is priced between Rs 2.57 lakh and Rs 3.53 lakh.
The BSE Midcap and Smallcap indices underperformed the largecaps and ended over 1% lower.
Gandhi said for the first time he has seen that all sections of the society in the state were 'protesting', whether it was the Patidars, Dalits, anganwadi workers or farmers.
The Qute infant of the four-wheel world is Bajaj Auto's quadricycle. The Qute infant of the four-wheel world is Bajaj Auto's quadricycle. It is finally set to hit the India roads but the challenge of creating a new category in the competitive automobile market has only just begun.
Hours after taking charge as CM, Mamata had announced returning 400 acres to 'unwilling' land-losers
Poor contract workers often have little or no access to safety equipment or health benefits in factories.
Stop "fooling" the people, Rahul Gandhi asserted in a fresh broadside against Narendra Modi, dubbing his "toffee or balloon" model of development in Gujarat as nothing but "loot of public money".
Market leaders saw good traction for new cars, including the electric ones.
Hailing Prime Minister Narendra Modi and the Bharatiya Janata Party government, top industry captains pledged mega investments at the Vibrant Gujarat Global Summit
Communist Party of India - Marxist Politburo member Buddhadeb Bhattacharjee on Friday alleged that the Congress and the Bharatiya Janata Party were hand-in-glove and took anti-people decisions in tandem.
Sanand has catapulted into the big league of automobile industry hubs.
At the height of the agitation against Tata Motors and after, the decibel level at Singur has always been high. The coronavirus scare, however, appears to have tempered it. The lockdown has hit Singur's inhabitants hard in more ways than one, reports Ishita Ayan Dutt.
Take this quiz to know the personality traits of cars owners.
Apart from around 40 Japanese companies and five global vendors of MG Motor India, many other biggies are eyeing Gujarat for either greenfield opportunities or brownfield expansion.
Few people know Ratan Tata as well as R K Krishna Kumar does. Widely perceived to be among the managers closest to Tata, Krishna Kumar assesses Ratan Tata, the man and business leader, in this exclusive interview to Rediff.com's Vaihayasi Pande Daniel.
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Arvind Kumar Sharma, a 1988-batch IAS officer and one of the many joint secretaries in PMO, definitely wields some power.
Renault says that one of the reasons why its sales look muted when compared to its peers is its limited reach.
'The TMC did not bother telling me, a sitting MLA for 20 years, why I was not being given a ticket.'
To be competitive, you need to focus on building products very rapidly, says Werner Vogels.
The models from Hyundai and Maruti, which might go on sale in October 2018 and February 2019, respectively, are set to revive a segment that had lost sheen to the compact SUV segment, lately
The price differential has been upwards of 20%.
Japanese auto major Nissan Motor Co plans to launch a $3,000 car (about Rs 134,000) in 2012 in India to challenge Tata Nano, the world's cheapest passenger car.
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