Unlikely to follow Pune model where a bifurcated package had a portion of pay linked to performance
Dealers across brands are slashing prices by Rs 20,000 to over Rs 1 lakh, depending on the car model.
In the two wheeler segment, TVS Motor Company reported a 24 per cent increase in total sales at 304,795 units in April.
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The new obsession on cost control is powered by the company's 'GEAR' (Generate idea, evaluate, action and realise the idea) programme.
Nexon is the first sub-4 metre sports utility vehicle from Tata Motors' stable and is expected to give a tough competition to the likes of Maruti's Vitara Brezza and Ford's EcoSport.
At an expected price tag of Rs 600,000 to Rs 900,000, it does spell trouble for the contenders in the sub-4-metre SUV space.
The company, which rents cars by the hour, day, week and month, has Mahindra E2O Plus and Tata E Tigor available on the platform for which it charges a subscription fee of Rs 15,000-20,000 per month.
Hailing Prime Minister Narendra Modi and the Bharatiya Janata Party government, top industry captains pledged mega investments at the Vibrant Gujarat Global Summit
India's electric mobility goal, which has so far been riding on two wheels, is all set to graduate to four wheels. At least, the journey has begun. Hyundai Motor India said it would invest Rs 4,000 crore till 2028 to launch half-a-dozen electric vehicles (EVs) in India. It would eventually straddle premium and mass segments. The first of these - the electrified version of an internal combustion engine (ICE)-powered model - will go on sale as early as next year.
From Alto to Audi, get car discounts of up to Rs 900,000
Maruti, Hyundai, Tata Motors, Mahindra & Mahindra and Honda saw their passenger vehicle sales improve in August compared to the same month last year, although Ford and Toyota witnessed a decline.
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
Gujarat, Telangana to roll out policies to encourage manufacturing
Maruti has plans to rev up sales of the Dzire, India's fourth most-sold car, by relaunching it.
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