The move to implement a proposal of star ratings on passenger vehicles, similar to those seen on electrical appliances, is likely to be delayed by several months. Stakeholders from the automobile sector and the government are divided over key facets.
Reeling under the impact of hardening interest rates, domestic passenger car sales growth came down to single digit in May at 9.07 per cent, while motorcycles suffered badly with a 16.36 per cent slump.
The total automobile sales in India dropped by 4.7 per cent during the fiscal year 2007-08, at 9,648,105 units as compared to 10,123,988 units in the last financial year. Motorcycle sales in the country during the year were down by 11.9 per cent at 57,68,341 units, against 65,47,195 units in 2006-07. Sales of the domestic passenger car rose by 12.2% in March 2007-08 to 128,074 units from 114,145 units in the same month last year. Total two-wheeler sales were down by 0.41%.
So far, the current year has not been great for the leading car exporters from India. In the top five list of exporters -- Hyundai, Ford, Maruti Suzuki, General Motors and Volkswagen -- it is only Hyundai which is clocking a growth.
Japanese auto major Nissan is recalling around 12,000 units of various models.
The industry said if the policy was announced, it would have taken 28 million vehicles bought before March 2005 off the road.
The government on Thursday hinted at paring down levies on automobile sector, even as he asked carmakers to step up investment to fuel growth and employment.
Toyota Kirloskar Motors and Honda Motors have announced plans to launch a small car in India.
Tata Motors said on Thursday it will invest Rs 10,000 to Rs 12,000 crore (Rs 100 billion Rs 120 billion) in India over the next three to four years and was looking at Russia and China for vehicle sales and component sourcing.
Taxi passengers in Bangkok will soon be able to pay their fares with a credit card, making Thailand the first country in South East Asia to use the integrated system that comprises an automatic controller, handheld card reader, printer, meter and dis
Maruti Suzuki India continued its grip in the passenger vehicles market in India with five of its models in the top ten best selling models in June.
The recall will affect only the diesel variants of the two models.
TVS Motor Company on Thursday said it would hit the Indonesian market by October 2006 with its step-thru vehicle.
Cisco, a global major in networking for the Internet, is aggressively looking at the Indian automotive sector, as it opens up to exponential growth and challenges from global auto markets.
The Baleno cars covered in the recall include 17,231 export units.
SkodaAuto India Ltd on Thursday said it would make India an export hub for the company in South Asian region.
Rahul Bajaj has reached an 'in-principle' agreement with his brother Shishir Bajaj on the division of the Bajaj empire, but the mercurial chairman of the two-wheeler major said the settlement had been delayed due to tax implications.
The first half of 2019-20 will be under pressure, since prices are expected to go up by Rs 7,000-8,000 at a time when sentiment is poor.
EcoSport accounts for almost 40 per cent of the cumulative one million units sold by Ford in India till date, which is a reason why more than half of its future launches could be SUVs.
Some of the notable models set to make a debut next year include the Tata Harrier, the Mahindra S201, the Kia SP Concept, MG Motors' Boujun 530, and the Honda HR-V.
Component makers don't see any recovery yet, but manufacturers believe the end of poor sales is nearing its end.
It's that time of the year when everything looks greener and prettier.
The company said it will inspect and if necessary, replace the clutch pedal lever.
Maruti's 7 models in India's top ten selling passenger vehicles in 2016-17
Car sales zoomed nearly 38 per cent to 59,800 units in July when compared with 43,434 units sold in July 2002, according to data released by the Society of Indian Automobile Manufacturers on Thursday.\n\n
The government is working on a recall policy.
Domestic passenger car sales jumped 28 per cent in April to 42,506 units from 33,195 units in the same month last year, the Society of Indian Automobile Manufacturers said on Wednesday.\n\n\n\n
Indian passenger car sales fell by 22.7 per cent in February to 37,446 units, down from 48,444 units in the same month last year, the Society of Indian Automobile Manufacturers said on Wednesday.\n\n\n\n
All the results from the I-League and ISL matches played on Saturday
Maruti says, WagonR is one of the top 5 brands in India.
The recall will cover cars manufactured between 2008 to 2012 that use safety airbags made by its supplier Takata
Exactly a year after the very severe cyclonic storm Phailin struck the state, another storm is heading towards the Odisha coast.
Two-wheeler prices are likely to rise by 10-25 per cent on account of higher premiums on insurance and commodity prices, mandatory safety regulations and BS-VI emissions that kick in from April 1, 2020.
Sanand produced only 515 Nanos in January, and sold even less, just around 391 units.
Analysts say Bajaj's move to correct prices can potentially disrupt the market.
Toyota had announced a global recall of 65 lakh vehicles to rectify a power window glitch, which could lead to fire risk.
Weak monsoon rains could have a negative impact on India's automobile sector which is seeing early signs of improvement with the sale of passenger cars and utility vehicles rising in May.
Though Hero still leads by a wide margin in annual and monthly sales, for the first time, Honda has considerably bridged the sales gap with the Pawan Munjal-led firm in April lagging only by 12,134 units
In April, MSI had recalled 1,03,311 units of its popular models -- Ertiga, Swift and DZire -- manufactured between November 12, 2013 and February 4, 2014 to replace faulty fuel filler neck.
