People close to Indian carmakers Tata Motors and Mahindra & Mahindra, and the buy-out group One Equity Partners, said on Tuesday that they expected Ford to respond imminently to their revised offers made last week.
ICICI Bank, ONGC and Tata Motors contribute to nearly 50% gain seen on the Nifty.
Hindustan Motors Limited of C K Birla group will launch multi-utility vehicle manufactured at its Uttarpara plant in the state.
Smartphones have been a key success story of the government's production-linked incentive scheme, helping India become the second-largest mobile phone manufacturing country, after China.
In the month of August Indian car industry posted sales of 160,794 units and the industry grew 33 per cent.
The plea for return of land has been made under the new Singur land Rehabilitation and Development Act enacted by the West Bengal government.
Tata, whose latest investment was in Ampere, a start-up that produces electric two-wheelers and three-wheelers from Coimbatore.
Chinese automakers Great Wall Motors, FAW Haima Automobile, and Changan Automobile, after dithering about entering India for some years, have been encouraged by the robust sales performance of the late entrants Kia Motors and MG Motors even in a slowing market.
Maruti Udyog Ltd, India's largest carmaker, unveiled on Thursday a new-look Zen, without tinkering with the price, to take on competition posed by Hyundai's Santro and Tata Motors' Indica.
Almost all manufacturers are giving significant cash discounts on their cars. Find out what's on offer...
Most companies operate through a rural development sales consultant.
As much as 35 per cent to 40 per cent of all vehicles sold in the country across segments will be electric by 2030, up from a mere 2 per cent this year, says a Bain & Co report released today. This translates to 14-16 million new electric vehicles (EVs) selling in a year. The inflexion point, which is now being seen month on month in many segments (such as two-wheelers which hit around 4-5 per cent in December), will be more than visible in 2026, when 4-5 million EVs across segments are expected to be sold, accounting for 15-20 per cent of the total sales, says the report.
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.
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.
While the Nano is priced at Rs 1.12 lakh, Bajaj Auto's RE petrol variant costs about Rs 90,000, while its diesel variant is pegged at Rs 1.2 lakh. Analysts also say Bajaj can drop prices without any problem. "Bajaj Auto has been in the three-wheeler segment for 60 years. Which means their plants are fully depreciated and they can afford to lower the prices, which other manufacturers can't do," says a top executive from a competing three-wheeler brand.
The package consists of a three-year committed facility to finance Land Rover's parts and accessories' inventories and receivables in the UK and the US. This is an important element of JLR's working capital financing to cover the key Land Rover parts and accessories' inventories and receivables part of our business, which has a high cash requirement, to function properly.
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.
At present, there are many vehicles that weigh close to the proposed increased weight of 600 kg.
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.
Had you invested Rs 10,000 each in JSW Steel, Titan Company and Bajaj Finance 20 years ago, when they were just penny stocks (trading below Rs 10), you would have become a millionaire by now.
Close to 60 per cent models that Kia sells in India are top trims of the models. In line with its global strategy, the India arm of South Korean major Kia has dropped 'Motors' from its name. This is to reflect the transition from an automaker to a provider of advanced and eco-friendly mobility solutions, the company said. With a new brand identity and slogan, the fourth-largest car maker in India by sales aims to accelerate growth and strengthen its premium positioning.
Reliance Power is yet to get a new CEO after J P Chalasani quit as managing director and chief executive officer.
In an interview with rediff.com Kamal Mansharamani of AlmaMate advices graduates on their career growth, what it takes to be a leader and how to cope with job lay offs.
Auto major plans to cut technology outsourcing from 90 to 10 per #162 TCS, Wipro, others could be at receiving end
'If it is your second car (electric vehicle), you typically keep it for travel within the city.' 'And the first car (internal combustion engine-run vehicles) can then be used to travel to some other cities.'
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.
Tata Motors-owned Jaguar Land Rover (JLR) is set to wrap up the 600-million ($850 million) three-year Chinese deal it had bagged in February 2009, one year ahead of schedule.
Bajaj Auto Managing Director Rajiv Bajaj said the company has, in partnership with Renault-Nissan, developed India's most fuel efficient and least-polluting car engine.
Tata most-awaited car, after Nano, will be ready by 2014. The car is going to be the first proper four-seater for such a small footprint and also a passenger vehicle with the smallest turning radius.
Vice President of India Mohammad Hamid Ansari arrived in Naypyidaw in Myanmar on Thursday on a four-day visit during which India and Myanmar will sign three agreements, one of which will see auto giant Tata Motors setting up a truck manufacturing unit in this neighbouring country.
If there is a genuine SUV in the market in the Rs 15 lakh price bracket, it is the Tata Safari Storme that offers every bit of an SUV feel.
The BSE IT sector, however, failed to snap a three-day losing streak and closed around 0.14 per cent lower.
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.
Domestic passenger car sales declined by 4.36 per cent in August to 94,584 units from 98,893 units in the same month last year.
Jimny will be priced between Rs 12.7 lakh and Rs 15.05 lakh.
Sales of commercial vehicles, which were on a decline for over a year, are showing signs of a recovery. Two out of the three CV makers reported an increase in sales last month.
Tata Motors Managing Director Ravi Kant spoke to reporters on the problems in Singur, the production site for the Nano, soon after announcing the company's quarterly results.
In a statement correcting media stories that appeared on Sunday suggesting its plants would be shut for longer, a company spokersperson said, "The reality is that our annual summer shutdown begins at the end of next week (July 23) as scheduled and will last for two weeks, with the plants due to restart on August 10. This two-week break is actually a week shorter than the traditional three-week break our plants have previously had."
The 50-share NSE Nifty ended flat, up 5.80 points, or 0.06 per cent, at 10,308.95.
