The previous best selling year was 2010 when Maruti managed to sell around 10.6 lakh (1.06 million) units.
A steady climb in volumes has helped the company double its market share in the segment to 5 per cent in the first six months of the financial year from the year-ago period and it has now set its sights on a 10 per cent share in the next two years.
'Make every trip feel like an escape' says the Uber website. Ironically, it remains to be seen how the company can get away from this controversy.
SoftBank-backed Ola Electric took the wraps off its maiden e-scooter offerings -- Ola S1 and S1 Pro -- for a commercial launch on Sunday. With prices starting from Rs 99,999 (excluding state government incentives, registration fee, and insurance cost), the Bhavesh Aggarwal-founded firm said the e-scooters are designed and engineered in India for the world and will deliver the best scooter experience to the consumer. He suggested that after 2025, sale of petrol-powered two-wheelers should not be allowed.
Maurti and Hyundai recorded jump in sales in May.
The auto industry expects lower taxes and interest rates from Budget 2015.
For non-banks, the IL&FS crisis was nothing short of India's Lehman moment, which has for a foreseeable future reset the sector on multiple grounds.
Ricoh India, the largest gainer among these pack, has rallied 192 per cent from Rs 294 to Rs 859 on the BSE so far in the current calendar year.
On the other hand, the group's two traditional cash cows, TCS and Tata Motors' subsidiary Jaguar Land Rover, are slowing as other businesses pick up pace
The government is planning to merge Bharat Broadband Nigam Limited (BBNL) with the loss-making state-run telecom operator Bharat Sanchar Nigam Limited (BSNL) this month, a senior official has said. BSNL chairman and managing director PK Purwar at a recent event organised by the All India Graduate Engineers and Telecom officers Association (AIGETOA) said that the government is giving the telecom firm an opportunity for a turnaround. "The government has taken a policy decision that BBNL is going to be merged into BSNL. "This means all work of BBNL at the pan-India level is going to come to BSNL," Purwar said at the All India Conference of AIGETOA on March 13.
Increase in taxes on luxury cars will not have any effect on the demand
Five years after demonetisation, which sought to curb black money and reduce cash circulation in the economy, 70 per cent of respondents said they paid a large component of the total payment towards a real estate transaction in cash. About 16 per cent said they paid over half the amount in cash, observes Shyamal Majumdar.
However, some of the provisions in the draft Bill needs scrutiny, as these could scare away international investors
With diesel cars set to become costlier from next year with the implementation of stricter BS-VI emission norms, major automakers in India are contemplating about the future of such vehicles in their portfolios.
Billionaire and Mahindra Group chairman Anand Mahindra along with top Silicon Valley investors Naval Ravikant and Balaji Srinivasan are backing space tech start-up Agnikul as part of a new funding round. Chennai-based Agnikul said, on Thursday, that it has raised $11 million in Series A funding round led by Mayfield India. It is the largest funding round for a private Indian space technology company in the country. Existing investors pi Ventures, Speciale Invest and Artha Venture Fund also invested in this round.
A man was shot dead in police firing in Telangana's Secunderabad, trains went up in flames, and public and private vehicles attacked, as railway stations and highways turned into battleground in many states on Friday amid burgeoning protests against Agnipath, the contentious defence recruitment scheme.
These consistent performers are expected to maintain momentum.
Government think-tank body Niti Ayog CEO Amitabh Kant supported the industry demand and called for setting up of a single window clearance system for expeditious approval of projects. Start-ups and small medium enterprises requested the prime minister to provide support in low-cost capital at the virtual launch of space and satellite industry body Indian Space Association (ISpA).
As fresh Covid-19 cases continued to increase, the Tamil Nadu government on Thursday announced reintroduction of curbs like permission only for 50 per cent seating capacity in cinemas and ban on select activities effective April 10, to help prevent the spread of the virus.
If the analysis of the satellite imagery is accurate, North Korea may be taking a small but significant step toward the disarmament.
RBI had received 72 applications for small finance bank licences.
While participation of start-ups in the space sector has largely been minimal so far, their involvement will be key towards building India's very own aerospace companies such as Maxar, Elon Musk's SpaceX and Rocket Labs, according to experts.
Consumers can expect a 5G launch in the country soon. Telecom companies (telcos) say if auctions take place on time - the target is July - they would be able to offer some services in a few cities by the end of this year and a full roll-out from 2023. But the question is: will 5G turn the tables for telcos financially? Will average revenue per user (ARPU) improve? Will mobile consumers upgrade to 5G quickly and pay more? Will the expanded functions that 5G enables drum up sufficient revenues? In simple terms, will telcos make more money?
French automotive giant Renault and India's second largest two-wheeler maker Bajaj Auto has confirmed that they are holding talks for assessing 'very competitive vehicles' for the Indian market.
The year ended with the launch of the PSLV's 50th mission.
With the launch of GSLV-MK III, slated for April, it will be able to cater to bigger satellites as well.
There is no immediate plan, either in terms of employees or branches, said Uday Kotak on the merger deal.
New video from NASA's Mars 2020 Perseverance rover chronicles major milestones during the final minutes of its entry, descent, and landing on the Red Planet on February 18 as the spacecraft plummeted, parachuted and rocketed toward the surface of Mars. A microphone on the rover also has provided the first audio recording of sounds from Mars.
Maruti sold 191 units of SX4 sedan in January 2014.
NHRC issues notices to Centre and governments of Delhi, Punjab and Haryana, saying 'the state cannot leave its citizens to die due to the toxic haze.'
Researchers have developed a new architecture for lithium-ion battery anodes that could enable charging of portable electronics in 10 minutes, instead of hours.
'By pushing PSLV production to industry, the extra ISRO personnel available will be utilised to do projects like the human space mission.'
Prototype for ultra low-cost car not ready, says Renault; getting out five other vehicles is priority for next year.
Moody's said implementation challenges, in addition to affecting growth and government revenues, will impact corporates by lowering sales volumes and cash flows.
There is a huge spurt in demand to launch smaller satellites, those as light as 1 kg, with a lifespan of two to three years. But there aren't enough rockets to carry these, reports T E Narasimhan
Pushpal Shinde now earns some Rs 50,000 a month.
All sectoral indices, led by realty, PSU, oil & gas and banking, were in positive zone with gains of up to 1.25 per cent.
The firm, which showcased an electric variant of its Duet scooter at the 2016 Auto Expo, is working on two models at its Jaipur R&D centre.
The government will release the Index of Industrial Production for July 2015 on Friday, September 11, 2015.
The Indian Space Research Organisation has resolved to alight its lander on the lunar surface with Chandrayaan-3 in addition to a maiden solar expedition in 2020.
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