Ford India head, Joginder Singh, is confident that the new SUV will reverse the trend of falling sales.
We are selling 50 Panameras in India this year.
Toyota Motor Corporation unveiled the much-awaited small car that it developed for the Indian market at the Delhi Auto Expo.
'We announced a $500 million investment plan for India. I have not received a single call from either the US or Bangkok (Ford's Asian centre of operations) asking me to freeze the investment programme or to scale it down,' says Michael Boneham, MD, Ford India.
Masahiro Takedagawa, president and CEO of HSCI, feels his company can record double-digit growth this year, owing to an improving economy and continuous government effort to boost spending.
We will continue with the same pace of product launches as we maintained in the past.
"We probably could have sold another 20-30 per cent if there was an easy availability of vehicle finance. People continue to be interested in buying cars, but the sheer lack of finance is a concern.The buyer has to decide what his money can get him. I don't feel threatened that a customer of Chevrolet is going to buy the Nano instead," says Karl Slym, president and MD, General Motors India.
Tata Motors might have to rethink its association with sportstar Lionel Messi.
'We have not done budgeting yet for the coming year.'
While offering discounts of up to Rs 1 lakh, Hyundai, Ford and Honda are also hiking prices by 1-2% from January, Swaraj Baggonkar/Business Standard reports from Mumbai.
The two-wheeler industry marked its first fall in 11 months in November with sales of 1.24 million reporting a fall of nearly six per cent compared to the same month last year
China's biggest carmaker, which own brands like Maxus, MG, Roewe and Yuejin, plans to invest $1 billion in India manufacturing unit, reports Swaraj Baggonkar from Mumbai.
Zest buyers are forced to wait up to six weeks for the automated manual transmission version, available only on this car in the compact sedan segment.
Commercial vehicles witnessed a fall of 15-17% in November as buyers struggled to meet margin money requirements, reports Swaraj Baggonkar.
The Jats, who went on a rampage to demand quota, attacked the showrooms of only non-Jats.
Production has crippled at Bajaj Auto's Chakan plant in Maharashtra following a labour strike which entered its third day today.
The company got back in the numbers game only in 2013.
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Scooters such as those from Kinetic Motors had become gearless by then and were no more family rides, but peppier individual modes of transport.
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