Weak consumer sentiment across urban and rural markets due to slow farm inflows, subdued agri-commodity prices, rising cost of ownership as a result of regulatory changes including safety, emissions, vehicle registration, along with a rise in interest cost/EMI, have impacted demand.
Other players who have declared no production days in the recent past, and during this month, include Mahindra & Mahindra, Maruti Suzuki, Hero MotoCorp, Bosch, Jamna Auto, Wabco and Sundaram-Clayton.
During the meeting with Finance Minister Nirmala Sitharaman, the auto industry broadly presented factors such as issues regarding availability and affordability of financing, increasing cost of acquisition of vehicles and change in axle load capacity for commercial vehicles that have hurt demand.
Leyland expects the digital drive to help tap its in-house strength as well as segments such as passenger cars and two-wheelers.
Indian players like Tata and Mahindra have low R&D spends (1 per cent and 1.5 per cent of sales respectively) as compared to the global players (about 4 per cent of sales), AT Kearney's 10th Townsend report said.
The ministry of defence has bought two regiments of the indigenous Pinaka multi-barrelled rocket launcher for Rs 3,230 crore.
iGate Global Solution plans to hire over 100 IT professionals in Japan over the next 6-12 months targeting the huge Japanese IT services market with its Integrated Technology and Operations model.
The government on Monday said it was planning to make it mandatory for original equipment manufacturers to load fonts of major Indian languages in computers to facilitate language computing.
Lightning Logistics, Shreyas Shibulal's start-up, rents out electric scooters along with the riders for last mile delivery.
Microsoft Corporation, the global PC software major, said that OEM sales of the Windows XP Starter Edition OS should commence by June 2005 in India.
Taiwan-based technology firm Winstron Group is exploring the feasibility of setting up a manufacturing base in India, a top official said on Saturday.
DSP technology product firm Ittiam Systems on Thursday announced a tie-up with US-based DivX Networks to develop solutions to enhance performance of electronic products including video players.
The defence and aerospace sectors have seen at least over Rs 10,000 crore worth of MoUs being signed during the summit.
Gabriel India Ltd has posted a net profit of Rs 40.90 million for the quarter ended December 31, 2002 (DQ-02) as compared to Rs 9.80 million in the quarter ended December 31, 2001 (DQ-01).
Qualcomm has been playing a key role driving India's wireless revolution
There were 35 defects that still remained to be resolved. Of these, 29 could not have been resolved during the monsoon since they required testing in absolutely calm seas. Nor is the Khanderi being commissioned with a full complement of its primary weapon, the torpedo.
FMCG, automobile industries say if GST regime kicks in, rail hubs can take Make in India to a new high.
Neeraj Prakash, MD, Shriram General Insurance, explains how new measures proposed in the Motor Vehicles Act can smoothen the lives of the insured and insurer and how the government plans to make more vehicles owners buy insurance.
The contracts with Israel Aerospace Industries will condemn the Tejas Light Combat Aircraft to a marginal presence in the IAF's future fleet.
According to experts, Tata Tiago JTP and Tigor JTP -- a sedan and hatchback -- are not only powerful and faster than every other car in the segment, but also in the segment above, including their peers Maruti Baleno RS, Volkswagen Polo and others.
The deal was "put on hold" only in 2013 after corruption was "proved", he said adding the Congress chief should answer who was behind the delay.
The processor is just 5 per cent of the overall cost of a computing device.
Seen as a major initiative, the 'strategic partnership model' aims to create a vibrant defence manufacturing ecosystem in the country through involvement of both the major Indian corporates as well as the MSME sector.
Automobile makers in India are embracing taxi-hailing apps such as Uber and Ola, hoping to ride on their expansion to sell more cars, a contrarian view to companies in Western markets that fear a drop in car sales due to them
A Chinese company named Shanghai AdUps has been sending massive data about phones and users to servers in China.
Cutting down competition as of now to just two fighters -- F-16 by Lockheed Martin and Gripen by Saab -- Defence Minister Manohar Parrikar on Tuesday said India will select one more single engine aircraft other than Tejas for indigenous manufacture under 'Make in India' route.
Driving the Scorpion MK IV feels like driving a sports car with 40-inch tall tyres.
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.
RJio's LYF, Videocon and other smartphone makers to also get notices
An increase in sales across all categories in the automobile industry, has made need for higher working capital inevitable.
Domestic tyre demand is seen to grow by 7-9 per cent over the next five years.
Among the cars unveiled at the Auto Expo on Wednesday was Mahindra and Mahindra's e-KUV for Rs 8.2 lakhs ex-showroom Delhi. With a single charge range of 150 km and a 55 min fast charging upto 80 pc, it was both a head-turner and a conversation-starter.
Defence Minister A K Antony has shot down Commerce Ministry's proposal to raise Foreign Direct Investment in defence from 26 per cent to 49 per cent, saying it will be a "retrograde" step and "stymie" the growth of the domestic industry while increasing dependence on foreign manufacturers.
An average of 30-40 per cent automation is standard across all big automobile plants in the country
'Oil companies like IOC, BPCL and HPCL have to set up world class systems where they are always two steps ahead of the crooks,' says Sudhir Bisht, a veteran of the petroleum industry.
On an average most commodities are up between 20-30 per cent compared to a year ago levels.
