The ban does not speak about used luxury cars.
Over 22 passenger and commercial vehicle makers and 18 two- and three-wheeler makers will take part amid proximate security.
The companies' combined net profit declined by 10.1 per cent y-o-y during June '19 quarter against 26.2 per cent y-o-y growth a year ago.
8 out of 12 sectoral indices closed in red with BSE IT and Healthcare indices losing 0.5%.
'Only if the Budget springs some surprises we may see a halt in the selling.'
Maruti Suzuki is set to launch a new multi-purpose vehicle (MPV) -- Invicto -- next month. It will be the company's first passenger vehicle with an ex-showroom price tag of Rs 20 lakh or more, said Shashank Srivastava, executive director (sales), on Tuesday. The upcoming MPV will compete with the likes of Toyota Innova Hycross, Kia Carnival, Hyundai Alcazar, MG Hector Plus, Tata Safari, Mahindra & Mahindra XUV700, and Mahindra & Mahindra Scorpio-N - all having three rows of seats. Invicto will be based on the Hycross by Toyota, which will manufacture Maruti's most expensive car at its Bidadi plant in Karnataka.
The new model will be available in three engine options of 2-litre petrol, 2-litre diesel and 3-litre diesel
Market leaders saw good traction for new cars, including the electric ones.
Sensex, Nifty slightly upbeat, midcaps to rule markets this week.
Firm Asian cues and a higher opening of European markets reflecting a rally on Wall Street, where all three US indices hit new records following strong economic data, bolstered trading sentiments here
India's top listed companies reported their best-ever quarterly net profit of Rs 2.39 trillion in the September quarter of FY22, up 46.4 per cent year-on-year. The earnings were driven by a big surge in the profitability of banks, non-banking financial companies & insurance (BFSI), oil & gas, and metal & mining firms. The combined net profit of these three cyclical sectors were up 87 per cent YoY to a record high of Rs 1.53 trillion, up from Rs 82,000 crore a year ago and Rs 1.08 trillion in Q1FY22.
The distinction between "cheap" and "affordable" is a fine one, but no one understands this better than India's aspirational first-time car-owner, says Kanika Datta.
Market breadth is positive with 942 advances and 196 declines.
'If Indians are as smart as their counterparts in university, and have equal opportunity, then what is the reason that we cannot produce inventions of quality that are recognised by the world?'
From Alto to Audi, get car discounts of up to Rs 900,000
Jaguar Land Rover will start assembling Range Rover Evoque at Pune.
Sectorally, BSE metal, basic materials, energy, realty, power, oil and gas, finance, FMCG, bankex and telecom indices fell up to 1.71 per cent.
Tata Motor's owned Jaguar Land Rover (JLR) on Tuesday reported a 68 per cent increase in retail sales for the first quarter ended June 30 at 124,537 units as compared with the same period of the previous fiscal, reflecting the continuing recovery in demand from the COVID 19 pandemic. The company had retailed 74,067 units in the April-June quarter of 2020-21. However, wholesales, in particular, were lower than demand would have permitted due to semiconductor supply issues affecting the global auto industry, JLR noted in a statement.
Almost all recent labour strikes were declared illegal by the labour department of Gujarat.
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.
Short-covering and the propping up of net asset values have potential to boost frontline as well as second-rung names next week
Richest Indian Mukesh Ambani-led RIL was the top private sector company from the country as it jumped from 203rd rank last year to 148th.
In first half of year, firms raise more than banks on low US treasury rates.
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.
The measures government takes next to push economic growth will be the key for automotive sector
It's bullish on electric vehicle segment as govt is keen to buy around 20-25k electric vehicles
Few people know Ratan Tata as well as R K Krishna Kumar does. Widely perceived to be among the managers closest to Tata, Krishna Kumar assesses Ratan Tata, the man and business leader, in this exclusive interview to Rediff.com's Vaihayasi Pande Daniel.
German car maker Volkswagen was the first company to offer airbags on all its variants in India from the beginning of this year.
Banking and real estate stocks rise up to 5% on further rate-cut hope.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries:
However, investors have turned cautious over the likelihood of Britain leaving the European Union.
Ajit Mishra, vice president, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
While retail sales at dealerships have suffered the full impact of demonetisation, the growth in wholesale volumes comes as dealers had relatively lower inventory after Diwali in October.
'The TMC did not bother telling me, a sitting MLA for 20 years, why I was not being given a ticket.'
The 30-share Sensex ended higher by 31 points at 26,591 and the 50-share Nifty gained 10 points at 8,061.
To be able to tide over the current crisis, automobile manufacturers have waged a war against all cost heads.
Audi India launched the second generation 2016 Audi R8 at the show.
'The semiconductor supply is constantly improving, with visible green-shoots in the situation as compared to earlier part of last year'
The domestic benchmark indices - the S&P BSE Sensex and the National Stock Exchange Nifty50 - had lost close to 1.5 per cent in three days recently before gaining slightly. Notwithstanding weakness and volatility, the Nifty50 has managed to hold on to the 18,000 mark, while the Sensex has managed to stay above the 61,000 level. The performance of the stocks that comprise these front-line indices remains polarised.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
