Cumulative sales of India's top passenger vehicle makers -- Maruti Suzuki, Mahindra and Mahindra, Tata Motors, Honda Cars, and Toyota Kirloskar -- increased to 206,418 units in February over 200,322 units in the same month last year, an increase of 3 per cent.
A high-level three-member committee is formed to grow awareness about fraudulent job offers.
'We operate in 16 countries already, and therefore adding the UK to it, and beginning a chapter in the European continent is the next step.'
The EV industry is at an inflection point and batteries will play a critical role ahead -- batteries and related components typically constitute 35-45 per cent of an EV's costs.
Mukund Rajan, who worked closely with Ratan Tata, recalls the unique experience of working with the corporate titan.
The branding exercise is estimated cost Rs 100-200 crore to the Tata Group.
Cyrus Mistry undertook quite a few significant initiatives at the Tata Group in the past two years.
It is believed that Tata Sons was unhappy with Mistry's approach of shedding non-profit businesses, including the conglomerate's steel business in Europe, and concentrating only on cash cows
Automaker Toyota Kirloskar Motor (TKM) on Tuesday said it will increase prices of its entire model range by up to 2 per cent with effect from October 1 in order to partially offset the impact of rise in input costs. The company, which is a joint venture between Japan's Toyota Motor Company and Kirloskar Group, sells a range of vehicles including Innova Crysta and Fortuner in the domestic market. The company will realign the prices of its models, with effect from October 1, 2021, TKM said in a statement.
An increase in sales across all categories in the automobile industry, has made need for higher working capital inevitable.
Innovation ranging from exterior designs of vehicles to EV charger locks grabbed eyeballs at the expo
The electric vehicle evolution in India's passenger vehicle market has remained frozen in time and may see limited adoption over the next decade, experts say.
Some of the new products targeted at launch are the all-new Defender.
The new crossover and fully imported models of the Jeep brand will increase Fiat's product line-up that has shrunk to just two at present
Trend researchers who come from design schools and have an art and sociology background are the latest foot soldiers in the struggle of auto companies to stay ahead in the competitive race.
Tata Motors created the idea some four years ago with the Indigo CS, but not much has happened so far.
Tata Sons, holding company for the Tata group, is working on building a centralised rural business platform that could be leveraged for the entire group's benefit, instead of each company looking at it separately.
Tata Motors was the top gainer in the Sensex pack rallying 5.32 per cent. Among other prominent gainers were Bharti Airtel, IndusInd Bank, Sun Pharma, Axis Bank, Maruti Suzuki, Bajaj Auto and TCS.
The limited availability of flexible (flex)-fuel vehicles in the Indian market and the slow rollout of ethanol-blended petrol by oil-marketing companies (OMCs) remain major obstacles to achieving widespread use of biofuels in the transportation sector in India. Recently, two Union ministers have emphasised India's biofuel potential, arguing that it has the capacity and potential to lead a transition towards widespread biofuel adoption. Road Transport Minister Nitin Gadkari signalled that this transition is well underway and urged car manufacturers to quickly adapt and introduce new biofuel-run vehicles, lest the government resort to taxing diesel vehicles.
Looking to put money in aviation, infrastructure and also to reduce debt of group companies.
Nifty ends above 8,600; Tata Motors, RIL top leaders
IT major nears $100 bn m-cap, accounts for 61% of the group's combined valuation.
The company has already unveiled the European version -- Nano Europa -- at the Geneva Motor Show earlier this month -- which is likely to be fitted with a more powerful engine than the Indian version complying with Euro-V emission norms.
Jhunjhunwala, one of India's well-known individual investors, was speaking at the India Economic Conclave organised by the Times Network. He said he won't rule out 5-10 times gains in state-owned banks over the next five years. Shares of PSBs have been on a tear this year. The Nifty PSB index is up 20 per cent so far this year.
The dealers operating in the space have jumped nearly three times over the past two years.
Passenger vehicle sales continue to drop in June; Maruti, Hyundai, Tata Motors, Toyota witness decline. Mahindra & Mahindra, however, reported a 4 per cent growth.
The strike, however, had no impact on production of auto majors Maruti Suzuki India, Hero MotoCorp, Honda Cars India, Mahindra & Mahindra, Tata Motors and Hyundai Motors India as their plants in various parts of the country functioned normally.
Market leader Maruti Suzuki is putting finishing touches to its plan of finding its feet in what is being hailed as a battle of epic proportions in India's fastest-growing passenger vehicle segment, reports Arindam Majumder.
Of the 15 car manufacturing companies in India, eight have a market share of below 2 per cent, raising questions about their long-term future in a competitive market that has already seen Ford Motors and General Motors slam the door on India.
Ahmedabad-based Adani Group is said to be the frontrunner to buy out both Tata Steel and Larsen & Toubro's stake in Dhamra.
Jeep India, a part of automotive group Stellantis, on Tuesday announced the opening of bookings for its upcoming SUV Meridian, the production of which has also commenced from its joint venture manufacturing facility at Ranjangaon, Maharashtra. Customers can book the Meridian either at Jeep India dealership network or through the company's website with a down payment of Rs 50,000. Deliveries of the vehicle will start in June, it said in a statement.
Jeep India, a part of automotive group Stellantis, on Tuesday announced the opening of bookings for its upcoming SUV Meridian, the production of which has also commenced from its joint venture manufacturing facility at Ranjangaon, Maharashtra. Customers can book the Meridian either at Jeep India dealership network or through the company's website with a down payment of Rs 50,000. Deliveries of the vehicle will start in June, it said in a statement.
Nano remains a cautionary tale of misplaced ambitions and a drag on profit.
At close, the Sensex was down 24 points at 21,265 and the Nifty was flat at 6,319.
Auto majors, including Maruti Suzuki India, Hyundai and Tata Motors, on Sunday reported high double-digit growth in their domestic passenger vehicle sales in July riding on stabilisation of macro-economic factors and better consumer sentiments. Similarly, Honda, Nissan, MG Motor and Skoda also reported healthy growth in their sales last month leveraging on improved market mood amid prevailing lower coronavirus infection rate, despite supply constraints of semi-conductors. The country's largest carmaker Maruti Suzuki India's (MSI) domestic sales increased by 39 per cent to 1,41,238 units last month as against 1,01,307 units in July 2020, the company said in a statement.
There are critics who say the Bommai's government was not able to counter the Congress narrative to paint his administration as corrupt, a factor that helped the Congress surge in the May 10 assembly elections.
Indian consumers are likely to get respite from rising prices just before the festival season. Some consumer companies, including automakers, have indicated that they are planning to pause price hikes just before demand picks up in August, while keeping a close eye on volatile raw material prices.
While customers in metro cities are still buying cars, quick growth is likely only from upcountry markets, where highways and roads are being built, and discretionary income and aspirations are rising.
'Tata Steel has doubled, Tata Motors has more than doubled, and Tata Chemicals too has more than doubled.' 'So, Cyrus Mistry was getting accepted by the market for bringing in the change that was good for the group companies.'
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