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.
Companies have also managed to find talent created by frequent exits.
To be able to tide over the current crisis, automobile manufacturers have waged a war against all cost heads.
The new Scorpio came after a gap of 24 months since its last launch, during which the competition launched a slew of products.
Mercedes sells models ranging from A Class to Maybach, priced between Rs 28 lakh and Rs 1.67 crore.
Maruti is not an online outlier, of course; other heavyweights have rolled out similar services. But as an analyst pointed out, Maruti's all-India roll-out has significant impact given that it accounts for over half of all cars sold, reports, reports Pavan Lall.
Nifty50 surged 145 points to close at 8,468 after hitting an intra-day high of 8,475.
Auto major Mahindra & Mahindra on Friday said it will hike the prices of its passenger cars and commercial vehicles by Rs 6,000 to Rs 20,000 from October 1, partly to offset higher input costs and depreciation of rupee against the dollar.
Bajaj Auto's margins are expected to expand 100 basis points, as volumes have recovered.
Renault says that one of the reasons why its sales look muted when compared to its peers is its limited reach.
FIIs pump in Rs 2,075 crore in past three trading sessions.
For an industry which saw sales shrinking in 2013-14, this is hope indeed.
No Indian auto brand (including Tata or Mahindra) is well-known globally.
India is the first country to launch the second generation Amaze and the car has been developed considering the needs and aspirations of Indian customers
December is a month of high retail sales for cars, as companies and dealers push stocks to clear inventories
Earlier in May, Ford India announced that it had dropped its plans to make electric vehicles (EVs) in India, which it intended to export, under the production-linked incentive scheme (PLI). Ford was among 20 companies that had signed a Champion OEM Incentive Scheme under the PLI project with the government in February this year. The decision comes as a blow for the 4,000-odd employees at Ford India's Maraimalai Nagar plant near Chennai and in Sanand, Gujarat. In September last year, the company had announced that it would exit the India market, which it had entered in 1995 through an on-again, off-again joint venture with Mahindra & Mahindra (they split in 1998, signed a JV in 2019 and split again in December 2020), retailing petrol and diesel brands such as the EcoSport, Figo, Aspire, and Endeavour.
Carmakers fear an increase of Rs 35,000-40,000 per vehicle for safety equipments.
Big brands like Hyundai, Mahindra and Mahindra (M&M), Toyota and Renault have lost share.
Maruti Suzuki India, country's largest car maker, on Wednesday said it will increase the prices of its entire range of models by up to Rs 10,000 from October first week, mainly due to depreciation of rupee.
Availability of jobs at India's auto companies has shrunk significantly over the last two years, as the industry goes through one of its worst slowdowns. More than 60 per cent of the total workforce fell by 24 per cent in 2019-20, against 2017-18.
Sales of commercial vehicles rose 5.30 per cent to 52,481 units in January this year, SIAM said.
Increase in taxes on luxury cars will not have any effect on the demand
Higher input cost is likely to weigh on Auto sector's Q4 numbers.
Automobile dealers' body FADA said the Budget lacked immediate demand boosters for the automobile industry.
The breadth, indicating strength of the market was strong
After the latest spike in crude oil prices, petrol prices could potentially go up to around Rs 90 a litre making a dent in the consumer's wallet. This, the analysts fear, will push the cost of vehicle ownership in the country, further reducing the demand potential for the industry.
The National Highways Authority of India will this year witness the highest ever growth out of the last decade. But Gadkari himself admits his biggest failure as India's roads minister has been his inability to curb loss of life in road accidents.
After GM's India exit, Ford-Mahindra 'strategic alliance' under spotlight.
Company's sale to dealers hit an eight-month low to 6,924 units in January.
Market linking of petrol and diesel prices has helped the industry.
Buoyed by strong sales, Maruti Suzuki, Hyundai and Honda have scaled up their annual targets, but others are still stuck in low gear
For the seven months since February 2014, the benchmark index surged nearly 27%.
German car maker Volkswagen was the first company to offer airbags on all its variants in India from the beginning of this year.
The Qute infant of the four-wheel world is Bajaj Auto's quadricycle. The Qute infant of the four-wheel world is Bajaj Auto's quadricycle. It is finally set to hit the India roads but the challenge of creating a new category in the competitive automobile market has only just begun.
Is the Hexa more than a repackaged Aria? Clearly, yes! The Hexa has been arrived at after thoroughly revamping it from nose to tail, inside and out
Vehicle sales across categories registered an increase of 5.03 per cent to 16,03,292 units from 15,26,514 units in November 2013.
Maruti is now at a market share of 50.4%, up from 47.3% last year. In China, the world's biggest market, Volkswagen is the largest, with a share of 17%. In America, the second biggest, GM is leader with 18%. One exception is South Korea, where Hyundai has a market share in excess of 60%.
Buses that run on battery, trucks that purr on LNG, and more from the stables of Tata Motors, Mahindras and Ashok Leyland. The Auto Expo 2018 had these and more.
To merge arms, sell stake in combined entity to CIE for Rs 770 cr; to use proceeds to buy 13.5% in Spanish firm for Rs 740 cr
The Pune-based research institute will design and develop car batteries and offer the technology for mass production.
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