Passenger vehicle wholesales in India increased by 17 per cent in the second quarter of the current fiscal year as buying sentiment improved and companies stocked up to cater to enhanced demand in the festive season, auto industry body SIAM said on Friday. According to the latest data by the Society of Indian Automobile Manufacturers (SIAM), passenger vehicles sales in the July-September quarter increased to 726,232 units from 620,620 units in the same period last year. Similarly, two-wheeler sales during the September quarter this fiscal rose marginally to 46,90,565 units as compared with 46,82,571 units in the same period last fiscal. However, commercial vehicles sales saw a dip of 20.13 per cent at 133,524 units in the quarter under review as compared with 167,173 units in July-September 2019.
To be able to tide over the current crisis, automobile manufacturers have waged a war against all cost heads.
To regain its number 3 position from TVS Motor, the Chakan-based two-wheeler manufacturer will soon be launching Discover 150 S and 150 F priced at Rs 64,000 and Rs 68,000 respectively.
These include Adani Enterprises, BEML, TVS Motor, KEC International, Sintex Industries, Ceat and Suzlon Energy.
The promoter-brothers, distant cousins to IndiGo's Rahul Bhatia, are eyeing Air India's ground handling subsidiary to augment their aviation services business even as they make a big play in EVs.
P Chidambaram announced a few sops to bring cheer to consumers and some sectors like automobile and capital goods.
Professor Ashok Jhunjhunwala of IIT-Madras speaks of his revolutionary method of preventing power cuts, in an interview with Shobha Warrier/Rediff.com
This is part of the nine memorandums of understanding (MoUs) worth Rs 5,027 crore, including Hero Group-backed Ather Energy's over Rs 600 crore investment, to establish a manufacturing facility for e-vehicles.
Leading automakers Maruti Suzuki, Hyundai and Tata Motors on Thursday reported robust sales in March as a shift towards personal mobility and pent up demand continued to help companies push dispatches to their respective retail partners. Toyota Kirloskar Motor, Honda Cars and Mahindra and Mahindra (M&M) also reported strong sales last month as compared to the year-ago period, when dispatches were adversely impacted due to the impending transition to BSVI from April 2020 and the nationwide lockdown to contain the coronavirus pandemic. The country's largest carmaker Maruti Suzuki India said its domestic sales stood at 1,49,518 units last month. The auto major had reported sales of 76,976 units in March 2020.
Now, you can own a two-wheeler for Rs 18.5 per day
With an m-cap of Rs 31,744 crore, IRCTC stood at 96th position in the overall market capitalisation ranking, the BSE data shows.
Consumer Electronics major, Philips Electronics India Ltd will introduce 14 new colour TVs in the Indian market in all screen sizes by next year, a top executive of the company said in Chennai.
Aparna Sundaresan profiles five organisations that make work seem more like play.
If you thought the performance bike buffet ended at the curb, then you have been gravely mistaken. Check out the top 5 performance bike launches for 2015 that we can't wait to get our hands on.
Vehicle prices have gone up as manufacturers gear up for the transition to stricter emission norm BS-VI from BS-IV beginning April 1.
Here are 6 Indian motorcycles which were complete failures in the Indian two-wheeler market.
TVS Racing and Yamaha riders stole the limelight in the eight classes.
Naukri.com's Hiring Outlook Survey for 2020 reveals the jobs and sectors that saw a surge in demand during the pandemic.
'Political parties are following the Divide and Rule policy to break the unity of farmers.'
The new financial year started on a mixed note for car makers.
While remaining tied to their family's core business, they are venturing into new areas and even roping in private investors to grow.
History of electronics indicates that no company, nor any nation for that matter, has been able to cement pole position and maintain it through several cycles. he death of its iconic promoter, Lee Kun-hee, raises questions over how long the chaebol can maintain its gigantic footprint in the global electronics industry, says Devangshu Datta.
New launches as well as upgrades to existing scooter models marked this year as manufacturers competed with each other to satiate the demand for new and interesting automatic scooters.
Auto majors like Honda, Hero MotoCorp, Mahindra, Vespa, Yamaha and TVS have launched a slew of products to take advantage of the rising interest in scooters in India.
Importers will now have to provide sufficient proof to the domestic customs authorities that the goods being imported have a minimum 35 per cent value addition in the country from which it is being exported to India.
LG Electronics on Tuesday said it was planning to launch 14 new colour television models, including projection TVs of 44 and 54 inch sizes.
Australia may be depleted because of injuries to key players, but they will draw inspiration from their good record in India over the last decade in the upcoming ODI series.
Consumer sentiments have been dampened due to several factors like tight liquidity, high insurance, and high costs
Take the Rediff Biz Quiz and find out how much you know about India and its two-wheeler companies.
The application developed by a Texas-based mobile app company can control media boxes like Apple TV, digital video recorder, smart TVs, thermostats, garage door openers and anything else that is connected to the internet, the New Scientist reported.
With states in north India imposing stricter measures to curb intra-state movement after April 20, makers of summer products such as air conditioners, refrigerators, colas, and ice creams are estimating a 25-60 per cent drop in yearly sales.
Amid rising petrol prices, two-wheeler makers such as Mahindra & Mahindra, TVS Motors, Hero MotoCorp and Bajaj Auto are stepping up research to develop engines run on diesel or other fuels.
Unlike their struggles elsewhere, Japanese majors Sony and Panasonic show no sign of fatigue in India, as consumers continue to lap up their products here.
