Fiat India Automobiles Ltd, a 50-50 JV between Fiat Group Automobiles and Tata Motors Ltd, has sold 10,000 units of its sedan, Linea, since its launch in January this year.
Iconic Italian brand Alfa Romeo is all set to burn rubber on Indian roads next year as Fiat, the parent company, prepares to launch the brand in the local market, according to top Fiat India executives.
Ten of top 15 companies in 1991 were PSUs; now, there are only six. Their revenue share has also fallen from 86% to 45%
The money was supposed to be used to develop an electric version of one of its existing models.
The ban was promulgated in view of political agitations against acquisition of farmland for the proposed Tata Motors car project.
Patkar, who was accompanied by members of Association for Protection of Democratic Righs, SUCI and women rights activist Anuradha Talwar, went around the area in a large group as police personnel looked on.
"We are studying the feasibility of various Alfa Romeo models for the Indian market. If at all the car is to be launched, it will happen only in the last quarter of 2008," Kapoor said. He, however, did not name the models nor their respective price-tags.
The police deployed in the area used microphones to warn villagers not to approach the area where fencing work was on.
Other players who have declared no production days in the recent past, and during this month, include Mahindra & Mahindra, Maruti Suzuki, Hero MotoCorp, Bosch, Jamna Auto, Wabco and Sundaram-Clayton.
Jaybharat Textiles & Real Estate, a textile company that forayed into real estate three years back, today has a market capitalisation higher than Grasim Industries or Tata Motors.
Tata Group head Ratan Tata said on Tuesday he has set higher ambitions for the Nano car which will be available in more variants, including diesel and electric versions.
'We aim at establishing India as an early talent hub on a global scale and are actively recruiting professionals in areas like cybersecurity, machine learning, data science, and other relevant fields.'
In the Sensex pack, other gainers were Bajaj Finance, Bharti Airtel, Tata Motors, Hero MotoCorp, HUL, Asian Paints, HDFC duo and ONGC -- gaining as much as 2.87 per cent.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
While the West Bengal government is still grappling with the political opposition even after announcing a rehabilitation package to the land losers of Tata Motors' project in Singur
From the Sensex pack, NTPC, Tata Motors, Titan, Larsen & Toubro, Reliance Industries, IndusInd Bank, Infosys, HDFC Bank and Power Grid were among the major gainers. Wipro and Tech Mahindra were the laggards.
Nandigram has seen violent incidents over the issue of acquisition of land for a SEZ to be set up by Indonesia's Salim Group.
The demonstration came in the wake of the High Court's observation on February 23 that the state government's process for acquiring land at Singur for the project prima facie appeared to be illegal.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Fiat India Automobiles, a joint venture between Tata Motors and Fiat Group, on Monday said it would invest Rs 2,341 crore (Rs 23.41 billion) to expand its facility in Ranjangaon plant in Pune.Fiat plans to ramp up its operations to produce up to two lakh cars, three lakh engines and three lakh automotive parts and accessories.
The automobile sector is considered a good indicator of economic health. It has a very long value chain, from primary materials, like metals, glass and plastic, to value-added high-end electronic components, specialised alloys, and software.
Adani Ports, BHEL, Tata Motors, ONGC, Mahindra & Mahindra and Tata Steel were the top losers.
Tata, whose latest investment was in Ampere, a start-up that produces electric two-wheelers and three-wheelers from Coimbatore.
Tata Steel (then Tata Iron and Steel), the most valuable index company in 1991, is now the least valuable.
Buying a car, particularly a diesel-powered one, is set to pinch the customers' pockets even more from the next financial year, as the second phase of Bharat Stage VI (BSVI) emission norms kicks in. The rules require cars to be compliant with real driving emission (RDE) norms, which measure pollutants emitted by cars while they are being driven on the road, unlike in a laboratory test. The norms may increase the cost of producing diesel vehicles by nearly Rs 75,000 to Rs 80,000, and petrol-powered ones by Rs 25,000 to Rs 30,000, analysts said.
Maxxis Group of Taiwan, Singapore-based TongGarden decide to set up their facilities in Sanand.
A record number of 85 products will be launched.
It epitomises a significant opportunity lost, just when the state was beginning to shed three decades of leftist inhibitions in favour of economic reform.
Tata Steel, others sell assets abroad after taking massive impairments.
It may be the season for corporate matchmaking but India Inc's record of managing partnerships is far from impressive, says Shailesh Dobhal.
The ultra-low-cost small car being jointly developed by Bajaj, Renault and Nissan is expected to hit Indian roads by 2010. Renault and Nissan CEO Carlos Ghosn, who was on a visit to Bajaj Auto in Pune on Monday, said that he hoped the prototype of the car will be completed by the end of this year. The car is expected to cost US $3,000 and will compete with Tata Motors' Rs 1 lakh car due next year.
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.
In power, Mamata Banerjee has tried to bury the ghost of the past, but it might still be work-in-progress. Big-ticket and eye-grabbing (in terms of investment size) projects are still few and far between, reports Ishita Ayan Dutt.
The dealers operating in the space have jumped nearly three times over the past two years.
With increased consumer awareness and government support in place, it is the opportune time to enter the electric passenger vehicle segment, Mahindra Group Chairman Anand Mahindra said on Monday. With an eye on gaining leadership in the electric four-wheeler segment, the Indian auto major announced that it will launch five new electric Sports Utility Vehicles (SUVs) for both domestic and international markets, with the first four expected to hit the road between 2024 and 2026. The company would introduce the first of the five e-SUVs towards the end of 2024, starting with the Indian market.
Tech major's shareholders will receive total dividend of Rs 15,474 crore in FY15
Jhunjhunwala holds a stake in more than 30 listed firms.
'Is it advisable to have more number of scrips in small quantities or a few scrips in big quantities?'
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
