M&M's profit before tax from the farm equipment segment rose 31% last year to Rs 2,562 cr
In a rare face off, captains of the auto industry have hit out at the government for not walking the talk. At an industry event in the capital on Wednesday, R C Bhargava, chairman of India's largest carmaker Maruti Suzuki, and Venu Srinivasan, chairman of TVS Motor, questioned the government's intent to support the auto sector. Revenue secretary Tarun Bajaj sat in the audience listening, before his turn came to counter them.
The company announced on July 11 that it would stop production at its automotive plants for a period ranging from 1 to 8 days during the remaining period of the month.
Prices of automobiles, including cars, sports utility vehicles and two-wheelers, are set to come down with Finance Minister P Chidambaram announcing a reduction in excise duty in the Interim Budget.
The company already sells medium-to-high powered tractors in the US market. Although the exact date of launching the vehicles in the US was not revealed, company sources said that the launch will take place in January.
It plans to increase India sales by a tenth, helped largely by launches next year
Much of Mary Barra's first year as CEO was spent dealing with crisis.
Higher exports will also drive up volumes, as the company seeks to avail of the benefits under the government's recently announced production linked incentive scheme.
Mercedes-Benz plans to sell more compact cars.
The company has capacity to manufacture 310,000 units annually.
Inspired by a tiger, the newest SUV from the Isuzu stable is a mean, muscular beast.
Worth Rs 210,024 cr, it is Rs 1,100 cr shy of combined Rs 211,186 cr value of Tata Motors and M&M
MSI said compact sedan Dzire Tour stood out as sales rose by over two-fold during the month under review to 3,370 units as against 1,299 in July 2014.
The Jaguar has 11 different types of F-Paces in different engine and style combinations that start from a Rs 40-lakh petrol variant and go up to a V-8 engined convertible that can cost Rs 2.8 crore.
The April-June quarter of 2018 happens to be the weakest for the Jeep since the launch, making it evident that it is not easy for a carmaker to sustain growth with a single product.
TUV300 will take on the likes of Ford EcoSport and Renault Duster that are priced between Rs 7.88 lakh and Rs 13.54 lakh.
While Renault reported an over 12 per cent decline in sales and lost market share, Market leader Maruti Suzuki grew over 19 per cent.
As many as 11 Mercedes models are impacted by the ban.
Marazzo, The Innova Crysta competitor
The cess collected on cars as also tobacco and coal will be used to compensate the revenue loss of states by implementing GST.
Hyundai Motor India Ltd (HMIL) on Thursday said it will hike prices by up to Rs 20,000 across models, except the newly launched compact car Grand i10, from October 1 to offset the impact of rupee depreciation and rising input costs.
Maruti Suzuki is offering cash discounts ranging from Rs 5,000 on its hatchback Celerio to Rs 35,000 on entry level Alto800.
For players like Toyota Kirloskar and Ford, the contribution of UVs to overall sales is now well over 60%.
We can't wait to see Maruti Suzuki S-Cross and Hyundai ix25 hitting the roads.
A digital configurator comprising a three-dimensional graphics-based app will allow customers to choose specifications and align the output generated by the tool to company's back-end manufacturing.
The new tax regime has also been fuelling sale of SUVs, particularly the compact 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.
Most say they will review their Make in India plans as prices may top pre-GST level
Mahindra & Mahindra is in talks to buy a majority stake in Pininfarina.
The Supreme Court, however, said it will ask authorities like Delhi Metro Rail Corporation to augment public transport system to ensure people do not face difficulty.
Cumulative sales of India's top passenger vehicle makers -- Maruti Suzuki, Mahindra and Mahindra, Tata Motors, Honda Cars, and Toyota Kirloskar -- increased to 206,418 units in February over 200,322 units in the same month last year, an increase of 3 per cent.
A 56-year old British cleric has been sentenced to life in prison by a court in US after being convicted of 11 terror-related charges, including providing material support to Al Qaeda and conspiring to establish a terrorist training camp in the US.
The electric vehicle evolution in India's passenger vehicle market has remained frozen in time and may see limited adoption over the next decade, experts say.
Anil Pehelwan alias Leela, who was one of the three most wanted criminals of Delhi and had a cash reward of Rs 2 lakh on his arrest, has been arrested by the Crime Branch following a brief encounter.
If one leaves aside 2016, when sales declined 4.68 per cent, the pace of growth in 2018 is the slowest in a decade, according to IHS Markit, a sales forecast and market research firm.
Though both brands belong to the same parent company, Hyundai has issued strict directives to dealer partners to withdraw their applications
The Porsche 911 RS is fast becoming a collector's item among India's high net worth individuals.
BMW's plant in Chenna now has 50 per cent localisation.
Seven years after it announced Nexa, there's no mistaking the seriousness with which Maruti wants the segment to grow, says Pavan Lall.
The number of participating automakers has fallen from 50 in 2018 to 30 this year. The count of exhibitors, including technology companies, has come down from 119 to 112. And showstopper luxury and supercar brands, including Toyota, Jeep, Lamborghini, Porsche, and Volvo will be missing. Similarly, the commercial vehicle makers also gave the show a miss -- a prolonged economic slowdown has dented their fortunes and near chances of any recovery.
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