Speculation about rising competition from global majors has led to shares of major Indian automobile manufacturers such as Mahindra & Mahindra (M&M), Maruti Suzuki India, and Tata Motors taking a hit on the BSE.
The defence ministry has put on hold all existing and future deals with Rolls Royce pending a CBI probe ordered into allegations of bribery and engaging middlemen in contracts worth Rs 10,000 crore for supply of aircraft engines to state-owned HAL.
The company's worldwide sales increased by 25 per cent in 2007, over 2006, with retails of 1,010 cars.
The research programme was part of the UK-India Education and Research Initiative Award that encouraged links between the our two countries.
The company is also expanding its current portfolio in the country and will launch a new model, Phantom Coupe, this year, expected to be priced over Rs 3.5 crore (Rs 35 million). The BMW group company is currently developing the new range of cars at its facility in Goodwood, England.
The Indian Navy, which was earlier looking towards the US for design expertise, technical know-how and operational practices, is now considering the advantages of working with the Royal Navy.
A 1951 model antique hand-made classic Rolls Royce car, a single model till date valuing more than Rs 2.5 crore at present and ordered by first prime minister Jawaharlal Nehru for the erstwhile 'maharani' of Baroda, has become a major bone of contention in a matrimonial dispute in the Supreme Court.
'Government officials use Gmail and ordinary phones without basic security consciousness.' 'Interoperability, especially in joint exercises with countries like the US, worries me.' 'It often means we open our systems to them, but they don't reciprocate.' 'They could have kill switches in their systems and might even be able to affect ours.'
It involves India spending an estimated Rs 40,000 crores to Rs 50,000 crores and will take 10 to 15 years to develop.
'In 50 seconds, the pilots were fighting drag, trying relight, throttling up and avoiding obstacles.' 'They had neither height nor speed. There was no margin.'
India does not have the facilities needed for developing advanced aerospace products. There is only one wind tunnel in the country, the almost six decade old one in the National Aeronautics Laboratory.
'The primary set took over three months to build with 14,000-15,000 workers employed at a time.'
'We ensured that Mallikajaan's Shahi Mahal lived up to its name.' 'One zardosi panel cost around Rs 4 lakh; the one with the kalpavriksh was around Rs 5 lakh.'
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These million-dollar vehicles feature tarmac-shattering speeds, ooze luxury and come loaded with the latest bells and whistles.
Modi made the comments in his address after inaugurating the 14th edition of Aero India at the Yalahanka Air Force station complex on the outskirts of Bengaluru.
Airbus on Tuesday said it will deliver the first A350 aircraft to Air India by the end of this year and that the deal with the airline also marks the European aviation major's "emphatic return" to the wide-body segment in India, which is the fastest growing aviation market. As it looks to expand the fleet as well as operations, Tata Group-owned Air India on Tuesday announced that it will buy 250 planes from Airbus -- 210 from the A320 neo family and 40 A350. Remi Maillard, president and managing director of Airbus India and South Asia, said the company was very proud that the Tata Group has chosen A350 and A320 planes for Air India, adding that the magnitude of the order shows the appetite for growth in the Indian aviation industry, which is the fastest growing aviation market.
The retirement of the Jaguar would create a six squadron gap in the IAF's combat fleet which would cost $20 billion-$30 billion to fill.
London hopes to convince New Delhi's naval planners to power India's second indigenous aircraft carrier with the Queen Elizabeth's integrated all-electric propulsion system.
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India is now the new battleground for two of UK's ultra luxury car makers.
Ratan was extremely ethical in his dealings, which he brought to bear on the business house which he helmed, remembers Sailesh Kottary.
Air India will purchase 220 planes from Boeing for $34 billion, with an option to buy 70 more aircraft that could take the total transaction value to $45.9 billion, a deal that US President Joe Biden described as a "historic agreement". While announcing the Boeing-Air India deal on Tuesday, Biden also asserted that together with Prime Minister Narendra Modi, he was looking forward to deepen the ties between India and the US. As per an announcement from the White House, Boeing and Air India have reached an agreement under which the airline will purchase 190 B737 MAX, 20 B787, and 10 B777X for a total of 220 firm order valued at $34 billion at list price.
'It is not merely a luxury car or just a treasured heirloom. It is much more than that. It is an embodiment of art, culture and heritage. It is also a piece of history.'
Tata Group-owned Air India has placed an order for 840 planes with Airbus and Boeing, including the option to acquire 370 aircraft, with a senior airline official on Thursday saying the order is a "landmark moment" in the Indian aviation history. The announcement by Air India's Chief Commercial and Transformation Officer Nipun Aggarwal comes a day after the airline said it has placed a firm order for 470 aircraft -- 250 from Airbus and 220 from Boeing. In a LinkedIn post, Aggarwal said the airline is humbled by the excitement generated across the world by the airline's aircraft order.
India's luxury car rental market is experiencing a surge in demand, particularly in Tier 1 cities such as Mumbai, Bangalore, and Delhi, with executive travellers, especially from the tech sector and younger demographics like the millennials and the Gen Z, increasingly renting high-end vehicles for special occasions and domestic travel. Luxorides, a luxury car rental company, observed a 40 per cent year-on-year rise in bookings in 2024 (until April) on popular routes like Delhi-Rishikesh, Delhi-Vrindavan, and Delhi-Jim Corbett National Park, as well as Chandigarh-Manali and Chandigarh-Ladakh.
In a LinkedIn post on Wednesday, February 15, night, Nipun Aggarwal had said Air India, in addition to the order of 470 planes, had the option to purchase 370 aircraft from Airbus and Boeing.
The Tata group-owned Air India will induct over 90 aircraft in two years as it looks to widen its footprint and grab a larger market share. The plan includes 56 planes from the mega aircraft order that the airline has now finalised with Airbus and Boeing. These will be in addition to previously announced leases of 36 planes that include Airbus A320Neo, A321Neo, and Boeing 777 aircraft.
Lamborghini is focusing on bringing its new car models to India faster after the global launch of its Huracn Tecnica, its country head Sharad Agarwal said on Thursday, adding there is a lot more scope for the company to expand in tier I and II cities. "Typically, in the premium and luxury car segments, there is a lag of six to 18 months between a global launch and India launch," he said in an interview to Business Standard. The Italian carmaker launched the two-seater track-focused performance car - the Huracn Tecnica - here on Thursday four months after its global unveiling.
Nigel loves luxury. A big golf enthusiast he also likes to run, play squash and drive his classic sports cars.
Despite the rupee fluctuations, the coveted brands have lined up a record number of launches.
'He had a lovely, lovely, sense of humour, very subdued and very, very subtle, but it was very, very, prominent.'
Over the last 16 years, India has seen more engineering and R&D investments in aerospace than the US or Europe.
British Prime Minister David Cameron's recent comments in Bangalore on the "export of terror" by Pakistan have enormously pleased the Indian strategic establishment, but the fact is that India is already gearing up for the November visit of US President Barack Obama and is keenly aware that there is nothing like a defence deal to sweeten the mood.
The public sector aerospace major bagged orders from Snecma, Rolls Royce and Irkut.
Ultra-luxury carmaker Rolls-Royce plans to sell about 10-12 units of the Rs 3.5 crore 'Phantom' in the Indian market this year and is also planning to launch a new convertible model codenamed 'RR02' in 2007.
