For an industry which saw sales shrinking in 2013-14, this is hope indeed.
FIIs pump in Rs 2,075 crore in past three trading sessions.
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
No Indian auto brand (including Tata or Mahindra) is well-known globally.
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.
December is a month of high retail sales for cars, as companies and dealers push stocks to clear inventories
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.
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.
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.
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
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.
For the seven months since February 2014, the benchmark index surged nearly 27%.
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
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%.
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.
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.
On Reva, Mahindra says electric cars are an innovation that can disrupt the automobile sector.
Besides electric vehicles, some start-ups present are working in the area of bike customisation, motorsports, auto gaming arena, autonomous vehicle and so on
'When a Project Director is appointed, the whole organization -- including the Chairman ISRO -- works for his success. It is a lesson that has been of abiding value all through the other projects I have worked on,' recalls the late President, one of the earliest pioneers at ISRO.
Declining motorcycle sales remained a cause of worry.
for the slight premium that you'll pay, the Tiago offers more safety tech, bigger engine, space and more creature comfort. Taking into the fact that the 1.0-litre Kwid is around the corner and will be considerably expensive in contrast to its 800cc counterpart, the Tiago makes an even stronger case for itself.
The financial year ending Saturday saw such big-ticket events that set the directional tone for the country's business journey.
The 30-share Sensex gained 271 points to end at 28,805 and the 50-share Nifty ended up 84 points at 8,712.
Investors turn their attention to export-driven sectors.
All sectoral indices, led by realty, PSU, oil & gas and banking, were in positive zone with gains of up to 1.25 per cent.
Financials emerged as the top gainers while auto shares rallied on robust September sales
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